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News - Globes

Israel's Business Arena

The cybersecurity risk validation company has developed a platform for automated penetration testing.
Posted: November 13, 2019, 4:10 pm
The layoffs will include early retirement packages for tenured workers and Pelephone employees will receive a 7% pay rise, and a 1% annual bonus.
Posted: November 13, 2019, 3:50 pm
The company's third quarter revenue totaled $312 million, less than in the third quarter of 2018 and at the lower end of the company's guidance.
Posted: November 13, 2019, 2:43 pm
The Israeli company deals with load management at hospitals and aims to shorten waiting times.
Posted: November 13, 2019, 2:15 pm
Prico: The market is moving within a very limited range of NIS 3.48/$ and NIS 3.53/$.
Posted: November 13, 2019, 1:42 pm
The Ness Ziona-based company is developing new PKR kinase inhibitor-based therapies for neurodegenerative diseases including Alzheimer’s disease.
Posted: November 13, 2019, 1:34 pm
Like other Softbank portfolio companies WeWork and Uber, Israeli insurtech startup Lemonade has high revenue, but it is still losing money.
Posted: November 13, 2019, 1:13 pm
Urogen is paying $10 million immediately for the rights to develop the product, and will pay $115 million more if Agenus's product meets several milestones
Posted: November 13, 2019, 11:45 am
The Israeli business systems and software provider reported record revenue and higher profit for the fourth fiscal quarter of 2019.
Posted: November 13, 2019, 11:27 am
The Israeli company's DriverSense system will be integrated into two new car models with the start of production scheduled for 2021.
Posted: November 13, 2019, 10:22 am
Businesses and schools are reopening in Tel Aviv but the situation remains tense in southern Israel.
Posted: November 13, 2019, 7:18 am
The Value Base investment house and a group of senior managers are planning a TASE IPO for Dan.
Posted: November 12, 2019, 7:36 pm
Sources: Yair Landau is seeking to sell shares at a valuation of NIS 800 million-1 billion.
Posted: November 12, 2019, 6:39 pm
Analyst Chris Schott has upgraded Teva from "Underweight" to "Neutral" but maintained the $8 price target, a 16.4% downside on the current share price.
Posted: November 12, 2019, 6:14 pm
Israeli economists estimate the potential damage to the country's economy, if the rocket attacks from Gaza continue.
Posted: November 12, 2019, 5:37 pm
The European Court of Justice ruled today that products manufactured in Judea and Samaria, East Jerusalem, and the Golan Heights must be clearly marked.
Posted: November 12, 2019, 4:56 pm
The fund was founded in May 2018 and has already invested in 12 startups in Israel and Europe.
Posted: November 12, 2019, 3:43 pm
Shapir and Italian company Pizzarotti will build the five kilometer highway from Motza to southwest Jerusalem.
Posted: November 12, 2019, 3:25 pm
The Israeli biopharmaceutical company's lead candidate treats NASH, a severe form of nonalcoholic fatty liver disease.
Posted: November 12, 2019, 2:37 pm
El Al: Due to the security situation, the airline will allow ticket changes and cancellations at no cost until November 16.
Posted: November 12, 2019, 12:51 pm
The medical esthetics company reported a $16 million profit on $40 million revenue in the third quarter.
Posted: November 12, 2019, 12:11 pm
The Hamas leadership is presumably not grief-stricken at the demise of "the troublemaker of Gaza."
Posted: November 12, 2019, 11:20 am
Schools and non-essential businesses in the south and center of the country are closed. Ben Gurion Airport remains open.
Posted: November 12, 2019, 10:28 am
Shekel exchange rates against the US dollar and the euro have risen; trading on the Tel Aviv Stock Exchange is fairly stable.
Posted: November 12, 2019, 10:07 am
Manara Cliff project manager Doron Grupper and his team were notified that they would be laid off in 90 days unless progress is made with the Israel Land Authority.
Posted: November 11, 2019, 7:52 pm
The Yokneam-based company has developed a novel crosslinking technology answering the growing demand for natural and soft non-invasive aesthetic treatments.
Posted: November 11, 2019, 7:23 pm
According to market sources, Ben-Moshe has held meetings to examine the acquisition of the Mega supermarket chain owned by Yenot Bitan.
Posted: November 11, 2019, 7:11 pm
"The government is allowing Delek Group, Noble Energy to humiliate it," says Ohad Schwartz, a director at Nammax Oil & Gas,
Posted: November 11, 2019, 6:46 pm
Foamix's shareholders will own 59% of the merged company and Menlo's shareholders 41%.
Posted: November 11, 2019, 6:09 pm
The sale of 5% of Clal Insurance to Lapidot crystallizes a loss of NIS 60 million for Eduardo Elsztain's IDB Development.
Posted: November 11, 2019, 5:33 pm
At the end of 2018, Beit Shemesh had a population of 118,676, 62.3% up from 72,700 at the end of 2008, the Central Bureau of Statistics reports.
Posted: November 11, 2019, 4:00 pm
BlockTV's digital coins will be offered on the Bittrex Global cryptocurrency exchange.
Posted: November 11, 2019, 3:53 pm
El Al recently completed the replacement of its Boeing 747-600 and 767-300 model airliners, and is continuing the sales of parts from them.
Posted: November 11, 2019, 3:43 pm
The Israel National Cyber Directorate's Hercules project will be led by Matrix Defense, in collaboration with international and local companies.
Posted: November 11, 2019, 3:39 pm
David Amsalem: Shares and pension funds are liable to be damaged.
Posted: November 11, 2019, 3:19 pm
Searchlight Capital Partners and the Fuhrer will be allowed to control Bezeq parent company B Communications.
Posted: November 11, 2019, 3:19 pm
Energy industry sources estimate that electricity prices will fall 5% and perhaps even by as much as 9% at the beginning of next year.
Posted: November 11, 2019, 2:37 pm
At its upcoming climate conference, the Society for the Protection of Nature in Israel will name organizations that commit to ending plastic pollution.
Posted: November 11, 2019, 1:54 pm
Free delivery comes with purchases of over $49, but does not apply to all products.
Posted: November 11, 2019, 1:06 pm
Food company Neto, controlled by Dudi Ezra, will post a pretax gain of NIS 160 million on its stake in the fresh produce wholesaler.
Posted: November 11, 2019, 11:25 am
US filmmaker Quentin Tarantino and his Israeli wife Daniella Pick will pay NIS 80,000 rent per month on the home.
Posted: November 10, 2019, 11:17 pm
The proceeds from the exercise of options will strengthen the company's capital base and enable it to implement its strategic plan.
Posted: November 10, 2019, 10:52 pm
IBI pharma analyst Steven Tepper says, "Kare Schultz now has a safe harbor in view."
Posted: November 10, 2019, 6:43 pm
Life expectancy fell in 19 OECD countries in 2015. Israel has higher than average life expectancy despite lower than average expenditure on health services, the OECD reports.
Posted: November 10, 2019, 5:45 pm
The Israeli online games developer recently hired 100 people in Israel who will be employed in its Herzliya head office and the nearby newly leased offices.
Posted: November 10, 2019, 4:59 pm
Delek said the deal will quadruple Ithaca’s production to 80,000 barrels of oil equivalent per day and raise the company's proven reserves by 150% to 225 million barrels.
Posted: November 10, 2019, 3:56 pm
Ariel did not state his reasons, but Netanyahu apparently asked him to resign.
Posted: November 10, 2019, 2:12 pm
The Tel Aviv-based company has developed location-indexing technology to improve the effectiveness of media campaigns.
Posted: November 10, 2019, 1:56 pm
A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv and Hod Hasharon.
Posted: November 10, 2019, 1:46 pm
The Neve Gan North neighborhood will is planned to have 3,100 housing units, and a bypass road to relieve congestion in Ramat Hasharon.
Posted: November 10, 2019, 1:16 pm
Kare Schultz has reiterated that 2019 is a 'trough year' for Teva and that there will be a marginal improvement in operating profit next year.
Posted: November 10, 2019, 12:50 pm
The Leviathan operator says gas will flow from the giant Israeli offshore field next month and that Tamar production reached a milestone 2TCF in the third quarter.
Posted: November 10, 2019, 12:13 pm
Publication of the post on Tesla's jobs website is the first official indication that, as first revealed by "Globes", Elon Musk's electric car company is about to enter the Israeli market.
Posted: November 10, 2019, 11:57 am
Hong Kong-based Hutchison, which controlled Israeli telecommunications company Partner in the past, will now seek to do so again.
Posted: November 10, 2019, 11:14 am
Yisrael Beitenu leader Avigdor Liberman says he will support Benjamin Netanyahu or Benny Gantz as prime minister if the other thwarts a unity government.
Posted: November 10, 2019, 11:05 am
The company plans opening three hotels with 667 rooms in prime locations around Tel Aviv by late 2022.
Posted: November 8, 2019, 3:28 pm
The continued shut-down of the Puna plant in Hawai has not prevented Ormat Technologies' share price from surging.
Posted: November 7, 2019, 7:49 pm
Despite the company missing on earnings per share in the third quarter, investors seem encouraged by revised annual guidance.
Posted: November 7, 2019, 6:28 pm
Eli Kalif replaces Mike McClellan as Teva beat the analysts on revenue but missed on profit in the third quarter.
Posted: November 7, 2019, 6:15 pm
Ceva CEO Gideon Wertheizer: We continue to make progress in growing our customer base, including comprehensive agreements with industry leaders in strategic markets such as ADAS.
Posted: November 7, 2019, 5:50 pm
CreditStacks offers credit cards and credit through digital services to new immigrants to the US and students.
Posted: November 7, 2019, 4:35 pm
Sepio offers an end-to-end solution that detects and mitigates hardware-based attacks, rogue peripherals, invisible network devices, and manipulated firmware.
Posted: November 7, 2019, 4:10 pm
The first major purchases since Amir Yaron became Governor last December boosted the foreign exchange reserves at the end of October 2019 to a record $121.361 billion.
Posted: November 7, 2019, 3:20 pm
The Bank of Israel made foreign currency purchases of $312 million last month - the first major purchases since Prof. Amir Yaron became Governor last December.
Posted: November 7, 2019, 2:01 pm
The share price of the Israeli solar energy optimization and monitoring company is 18% below its peak, reached last month.
Posted: November 7, 2019, 1:40 pm
Bezeq's board of directors has approved the early retirement of 140 tenured employees and 60 other employees.
Posted: November 7, 2019, 12:47 pm
Carel Group is building a 155-room hotel and 223 apartments.
Posted: November 7, 2019, 12:04 pm
The decrease resulted mainly from the delay in the signing of potash supply contracts in China and India and negative foreign currency impact.
Posted: November 7, 2019, 11:41 am
424 existing apartments will be demolished to make way for 1,728 homes in the Ramat Hanasi neighborhood.
Posted: November 7, 2019, 11:23 am
The troubled supermarket chain has already sold seven branches after struggling to swallow that Mega chain that it acquired.
Posted: November 7, 2019, 9:39 am
Despite strenuous efforts to reduce expenditure, the budget deficit in the twelve months before October 31 was 3.7%, down from 3.8% at the end of September, the Finance Ministry reports.
Posted: November 7, 2019, 9:14 am
The rate of penetration is still among the lowest in the world, especially in comparison with European countries with far less sunshine than Israel.
Posted: November 6, 2019, 8:58 pm
Belgian startup Delta will be under the management of eToro managing director Doron Rosenblum.
Posted: November 6, 2019, 6:42 pm
Check Point CEO Gil Shwed says that his cybersecurity company is unable to expand in the US through acquisitions.
Posted: November 6, 2019, 5:37 pm
Transportation Workers Union chairman: The workers are the company's business partners, and they realize that streamlining is essential and necessary.
Posted: November 6, 2019, 5:35 pm
The announcement is to be made at Additive Manufacturing 3D Printing Conference in Jerusalem on November 7.
Posted: November 6, 2019, 5:31 pm
The Psagot commercial center in Romema will generate a 7.7% annual return, with Shufersal being the leading tenant.
Posted: November 6, 2019, 5:26 pm
The Petah Tikva cybersecurity company's share price was up 9.20% at the opening on Nasdaq to $9.20, giving a market cap of $4.2 billion.
Posted: November 6, 2019, 4:48 pm
The United Arab Emirates is seriously considering letting Israelis visit the country after Expo 2020 in Dubai next October, Yediot Ahronot reports.
Posted: November 6, 2019, 3:13 pm
If the minister of communications does not grant a permit for control of Bezeq today, the deal will not be completed by the November 24 deadline.
Posted: November 6, 2019, 3:10 pm
A NIS 900 million provision, mostly for nursing care insurance, caused by the fall of the risk-free interest rate, is causing the company a NIS 250 million third quarter loss.
Posted: November 6, 2019, 1:53 pm
Prico: In the long term, the shekel has the potential to strengthen but in the medium term political deadlock and security uncertainties restrict gains.
Posted: November 6, 2019, 11:52 am
Electric scooter rental service Bird has set up three recharging stations in Tel Aviv and Ramat Gan.
Posted: November 6, 2019, 8:00 am
After building a successful partnership with Fattal hotels in Eilat, LEO is extending the collaboration to the Dead Sea.
Posted: November 6, 2019, 7:25 am
It takes an average of 2.38 minutes to drive one kilometer in Tel Aviv, according to Israeli traffic navigation app Waze.
Posted: November 6, 2019, 7:20 am
In the wake of the Bar Refaeli tax dispute, the Israel Tax Authority wants to impose a stricter definition of what constitutes residency.
Posted: November 5, 2019, 8:30 pm
The Tel Aviv-based company is emerging as the biggest SaaS platform capable of supporting all types of workers - from EoR to payroll, and contractors.
Posted: November 5, 2019, 5:31 pm
Benny Gantz accepts the principle of Benjamin Netanyahu starting as prime minister in a rotation government and suspending himself if indicted, political sources tell "Globes."
Posted: November 5, 2019, 5:03 pm
The Tel Aviv-based company has developed a flexible and integrative data-driven software platform for agronomic management.
Posted: November 5, 2019, 4:00 pm
The Tel Aviv-based company has developed payment and fraud prevention solutions to optimize the online purchasing for merchants, banks and consumers.
Posted: November 5, 2019, 3:41 pm
The price of parking spaces in class A buildings in central Tel Aviv have risen 30% in the past year.
Posted: November 5, 2019, 2:33 pm
Workers at the Mega supermarket chain are refusing to pay the price of failures in the rest of the Bitan group.
Posted: November 5, 2019, 2:10 pm
Israel has had 3.7 million tourists in 2019 so far and looks set to break last year's record when 4.1 million tourists visited Israel.
Posted: November 5, 2019, 1:47 pm

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