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News - Globes

Israel's Business Arena

The NIS 8.6 billion raised overall by mutual funds in April and May represents only 21% of the capital leaving mutual funds in March alone.
Posted: June 4, 2020, 10:38 am
The exemption for non-Israeli single students to enter the country has been cancelled due to the recent rise in new Covid-19 infections.
Posted: June 4, 2020, 10:36 am
The companies, which had been in the doldrums, have seen their share prices leap since hitting lows March.
Posted: June 4, 2020, 10:24 am
The Israeli, Chinese owned mobile gaming company, has hired investment banks to prepare to raise $1 billion in a US public offering, "Reuters" reports.
Posted: June 4, 2020, 10:21 am
Eduardo Elsztain is offering a debt settlement to IDB bondholders which involves a capital injection and a haircut.
Posted: June 4, 2020, 8:19 am
The company has built a system that allows customers to save an average of 80% on their cloud computing costs.
Posted: June 4, 2020, 6:51 am
The new funds will be used for two late-stage trials, which could lead to the registration of pridopidine for the treatment of HD and ALS.
Posted: June 3, 2020, 10:13 pm
The Israeli company's platform, which researches rivals, is already being used by some of the world's biggest consumer mobile apps to give them an information edge.
Posted: June 3, 2020, 6:50 pm
1touch.io’s network-based data discovery allows the enterprise to identify, in a continuous, automated, and accurate manner, all data repositories inside the organization that store sensitive data.
Posted: June 3, 2020, 6:22 pm
The Elco Holdings energy unit hopes to raise NIS 250 million at a company valuation of NIS 1 billion, before money.
Posted: June 3, 2020, 6:06 pm
The company has recruited international-disputes lawyer Eli Schulman to head its Tel Aviv operations.
Posted: June 3, 2020, 5:17 pm
Team8 is extending its cybersecurity company building foundry model to include venture capital investment led by Sarit Firon.
Posted: June 3, 2020, 4:00 pm
The Israeli economy seems to be bouncing back quickly after lockdown with only tourism and aviation still badly hit.
Posted: June 3, 2020, 2:38 pm
The Israeli company, which provides voice networking and media processing solutions for the digital workplace, hopes to take advantage of its recent positive momentum.
Posted: June 3, 2020, 2:25 pm
Ashtrom will build two 30-floor towers with 308 apartments for BSR.
Posted: June 3, 2020, 12:55 pm
Current uncertainties make budget factors unpredictable. Meanwhile, Accountant General Rony Hizkiyahu is thought likely to leave.
Posted: June 3, 2020, 11:36 am
The four are being questioned about allegedly improper payments to foreign officials discovered by IFF when it acquired Frutarom.
Posted: June 3, 2020, 10:47 am
Israel Electric Corporation will be able to on-sell its surplus LNG at much lower prices than those of gas piped from Israeli reservoirs.
Posted: June 3, 2020, 9:41 am
The company expects that the layoffs and other cost cutting measures will reduce annual expenditure by $30 million.
Posted: June 2, 2020, 6:26 pm
The Holon-based company develops AI big-data analytics for the semiconductor and automotive industries.
Posted: June 2, 2020, 6:04 pm
Israel Aerospace has successfully completed a dual operational firing trial with LORA (Long Range Artillery Weapon System).
Posted: June 2, 2020, 5:46 pm
The Chinese electric vehicle maker is installing Mobileye kits for driverless cars.
Posted: June 2, 2020, 5:04 pm
The Israeli fund will invest in urgent technological solutions triggered by global pandemics and other health emergencies.
Posted: June 2, 2020, 3:00 pm
Tomer Cohen was previously cofounder and CEO of Jobit, a placement agency that supports the careers of the millennial generation.
Posted: June 2, 2020, 1:51 pm
Israel's tourism and hotel sector will receive aid worth NIS 300 million, Minister of Finance Yisrael Katz and Minister of Tourism Asaf Zamir have announced.
Posted: June 2, 2020, 1:22 pm
The shekel is at its strongest against the dollar since early March, on the eve of the coronavirus crisis.
Posted: June 2, 2020, 12:57 pm
Israel's most expensive-ever residential real estate sale was completed just before the coronavirus crisis, a source close to the deal has told "Globes."
Posted: June 2, 2020, 12:32 pm
The Bank of Israel research department sees the economy contracting 4.5% this year but growing 6.8% next year.
Posted: June 2, 2020, 12:12 pm
Energy minister Yuval Steinitz's plan calls for investment of NIS 80 billion, mostly on solar power plants and storage installations.
Posted: June 2, 2020, 12:06 pm
A new coupon feature on the food company's Strauss+ app opens data-gathering possibilities no competitor possesses.
Posted: June 2, 2020, 10:39 am
Controlling shareholder Teddy Sagi has bought the shares, rewarding KAPE's management team for increasing the company's market cap tenfold.
Posted: June 1, 2020, 9:52 pm
The kibbutz sold the stake in the water metering solutions company for NIS 156 million.
Posted: June 1, 2020, 5:51 pm
The Israeli company has raised NIS 20 million from investors to develop cultured meat for 3D printing.
Posted: June 1, 2020, 4:48 pm
Israeli tech companies, which raised a record $8.3 billion in 2019, have raised over $4 billion in the first five months of 2020, despite the Covid-19 crisis.
Posted: June 1, 2020, 2:56 pm
The hope is that the project will breathe new life into the coronavirus-hit tourist city.
Posted: June 1, 2020, 1:05 pm
The company, which has developed an implant for delayed release of antibiotics, plans an IPO at a $300 million valuation.
Posted: June 1, 2020, 11:31 am
The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise by NIS 0.42 to NIS 5.21 per liter on Sunday night, June 1.
Posted: June 1, 2020, 10:28 am
65% of tech startups with ten or fewer employees say they won't last six months without additional finance.
Posted: June 1, 2020, 9:23 am
Net profit was NIS 357 million, down 11.6% from NIS 404 million in the first quarter of 2019 but nevertheless, the biggest profit of Israel's banks.
Posted: May 31, 2020, 8:41 pm
Health Ministry associate director-general Prof. Itamar Grotto: There will be flights in June for Israelis who will have to go into isolation.
Posted: May 31, 2020, 4:53 pm
SaverOne plans to raise NIS18-26m at a company valuation of NIS 100 million, after money.
Posted: May 31, 2020, 4:51 pm
The Israeli freelance services platform has seen its share price rise over 200% since its NYSE IPO less than a year ago.
Posted: May 31, 2020, 3:10 pm
Prime Minster Benjamin Netanyahu has appealed to Israelis to keep observing social distancing and hygiene rules.
Posted: May 31, 2020, 2:00 pm
A selection of recent real estate deals in Israel including in Ra'anana, Kfar Saba, Petah Tikva, Ramla and Harish.
Posted: May 31, 2020, 1:51 pm
The Israeli cybersecurity company's cofounder will be replaced by Jerry Ungerman.
Posted: May 28, 2020, 7:05 am
The company has developed an advanced decision support system for precision irrigation based on its miniature stem-water potential (SWP) sensor.
Posted: May 27, 2020, 7:01 pm
The level of the freshwater lake is currently 14 centimeters from its maximum level of 208.80 meters below sea level, the Israel Water Authority reports.
Posted: May 27, 2020, 6:21 pm
Israel's largest retail chain was boosted by consumer spending on food and household goods due to the coronavirus crisis.
Posted: May 27, 2020, 5:34 pm
The urban renewal project along Mivtza Kadesh Street will see 120 apartments demolished and replaced by 3-5 room apartments.
Posted: May 27, 2020, 4:38 pm
In a bid to improve liquidity, El Al has sold its 25% stake in Maman, which provides cargo and logistics services to Ben Gurion airport.
Posted: May 27, 2020, 3:29 pm
China Harbor's involvement in the consortium bidding for Ramat Hovav will be another test of Israeli policy, following US pressure to distance itself from China.
Posted: May 27, 2020, 2:38 pm
The Israeli freelance services platform has seen its share price triple since its Wall Street IPO last June.
Posted: May 27, 2020, 1:29 pm
Mortgages worth $5 billion were taken in April, the Bank of Israel reports.
Posted: May 27, 2020, 12:47 pm
Israel Aerospace Industries tripled its first quarter operating profit, although profit remains low in relation to sales.
Posted: May 27, 2020, 12:33 pm
The bank's credit loss expense soared 365%, but it still posted a NIS 279 million quarterly profit.
Posted: May 27, 2020, 11:25 am
A bar on Chinese firms participating in telecommunications infrastructure has implications for Hutchison's stake in Partner.
Posted: May 27, 2020, 10:59 am
Bank Leumi's provisions for the effects of the coronavirus pandemic fell entirely in the first quarter.
Posted: May 27, 2020, 10:09 am
Israeli employers will be entitled to Finance Ministry grants for bringing employees back from unpaid leave, as part of the plan to reduce unemployment.
Posted: May 26, 2020, 9:36 pm
The Covid-19 crisis had no effect on the Israeli defense electronics company in the first quarter.
Posted: May 26, 2020, 4:24 pm
Israel's IDE will build the world's largest seawater desalination plant after the Trump administration let it be known it did not want China's Hutchison to win the project.
Posted: May 26, 2020, 4:22 pm
MUFG Innovation Partners has tripled its investment in Fundbox’s Series C round, bringing total equity funding in the round to almost $200 million.
Posted: May 26, 2020, 4:01 pm
The Israeli economy might have contracted 7.1% in the first quarter but the Bank of Israel sees it bouncing back more quickly than previously thought.
Posted: May 26, 2020, 2:59 pm
The Israeli company is developing a platform using artificial intelligence to accurately detect and spray weeds in real-time.
Posted: May 26, 2020, 2:05 pm
Mayer Group unit Teleclal, which already holds over 70% of BuyMe, is buying out the stakes of Micha Berkuz, Shai Darin, and Tal Zur.
Posted: May 26, 2020, 12:15 pm
The firm was founded in 2018 by Gili Raanan. Lior Simon has now joined as a partner.
Posted: May 26, 2020, 11:03 am
"The threshold condition for obtaining a bank loan with a state guarantee is the signing of a labor agreement."
Posted: May 26, 2020, 10:46 am
Israel is relaxing the ban on entry for non-Israeli passport holders for university and yeshiva students who want to return to Israel to complete their studies.
Posted: May 25, 2020, 8:51 pm
In the first stage, international travel will likely be permitted through bilateral agreements with countries like Cyprus, where Covid-19 morbidity was low.
Posted: May 25, 2020, 6:31 pm
Delek has signed an agreement to sell all its rights to royalties from the Karish and Tanin offshore gas fields to the Noy Fund for NIS 318 million.
Posted: May 25, 2020, 3:57 pm
In the coronavirus-hit economy, deliveries have become a boom business.
Posted: May 25, 2020, 3:02 pm
The Israeli economy was hit hard by the coronavirus crisis in the first quarter of 2020, the Central Bureau of Statistics reports.
Posted: May 25, 2020, 2:06 pm
The coronavirus crisis was the final nail in the coffin of the struggling company and also meant that the factory's 300 employees lost their jobs without being able to put up a fight.
Posted: May 25, 2020, 10:11 am
IEC CEO Ofer Bloch: Even at a time of global crisis, investors were not deterred, and injected high demand for the offering.
Posted: May 25, 2020, 10:07 am
Prime Minister Benjamin Netanyahu must answer charges of bribery, fraud and breach of trust in the Jerusalem District Court.
Posted: May 25, 2020, 9:26 am
Prof. Amir Yaron told the cabinet of his support for a wider deficit including grants and credit guarantees to open businesses and reduce unemployment.
Posted: May 25, 2020, 9:25 am
Israel Railways will resume full operations from June 8 while buses can carry 75% of their passenger capacity from May 28.
Posted: May 24, 2020, 8:37 pm
Despite the Covid-19 crisis, rental prices have risen over the past year in Tel Aviv, Jerusalem and most other Israeli cities, "Globes" has found.
Posted: May 24, 2020, 5:40 pm
The El Al cargo aircraft is the first in a series of flights that will take medical equipment from Istanbul to New York.
Posted: May 24, 2020, 3:44 pm
CEO Eran Taus: The coronavirus pandemic actually strengthens our strategic plan for a transition to online medicine at home.
Posted: May 24, 2020, 3:38 pm
The company is believed to be planning to raise NIS 150 million at a valuation of NIS 500-550 million.
Posted: May 24, 2020, 3:34 pm
Covering 25,000 square meters, this is the Swedish furniture retail chain's sixth store in Israel.
Posted: May 24, 2020, 3:01 pm
The $25.6 million offer for 8,669,029 shares would increase FIMI's stake in the Israeli security systems company from 42.6% to 80%.
Posted: May 24, 2020, 2:19 pm
A selection of recent real estate deals in Israel including in Jerusalem, Beit Shemesh, Tel Aviv, Rehovot, Beersheva, and Dimona.
Posted: May 24, 2020, 1:21 pm
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