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News - Globes

Israel's Business Arena

Prime Minister Benjamin Netanyahu: Israel had the highest infection rate in the world and today we have almost the lowest.
Posted: October 23, 2020, 11:19 am
Fischer was elected alongside Israel Trau. Dalia Lev and Ronit Abramson-Rokach were reelected as external directors.
Posted: October 23, 2020, 11:13 am
The money was raised from a group of investors headed by Collider Ventures founders Ofer Rotem, Adam Benayoun, and Avishay Ovadia.
Posted: October 22, 2020, 10:12 pm
The sale in equal shares to The Phoenix Holdings and Leumi Partners is at a valuation of $140 million.
Posted: October 22, 2020, 9:13 pm
Entropy and ISS reportedly support former Bank of Israel Governor and Deputy US Fed chair Stanley Fischer.
Posted: October 22, 2020, 8:51 pm
The deal is believed to be with a government agency in Abu Dhabi and to be worth $3 million.
Posted: October 22, 2020, 7:24 pm
The daily newspaper has been hit hard by the Covid-19 crisis.
Posted: October 22, 2020, 6:55 pm
The Levinstein group was to have bought the Har Hotzvim property for NIS 171 million.
Posted: October 22, 2020, 6:16 pm
In its worst-case scenario, the Bank of Israel Research Department sees Israel's GDP shrinking 6.5% in 2020 and very low growth in 2021.
Posted: October 22, 2020, 5:09 pm
Elsztain tells "Globes" that the bondholders swindled him out of IDB. Bondholders: Elsztain is distorting the facts.
Posted: October 22, 2020, 4:24 pm
Prico: The exchange rate is threatening growth in the Israeli economy and encouraging tech companies to look abroad.
Posted: October 22, 2020, 4:19 pm
The first R&D partnership on the TASE plans to raise NIS 25 million and is investing $2 million in enhanced genetics seed company CanBreed.
Posted: October 22, 2020, 4:18 pm
The website is an encouraging gesture and demonstrates that the Abu Dhabi-based airline plans to capture a major slice of the Israeli market.
Posted: October 22, 2020, 4:00 pm
8,363 mortgages were given in September in Israel - a similar number to July and August and to the summer of 2019.
Posted: October 22, 2020, 3:42 pm
Al Habtoor is the second Dubai-based company, which is interested in buying the Israeli airline.
Posted: October 22, 2020, 3:15 pm
Spark Capital and MUFG Innovation have invested in the Israeli algorithm based technology.
Posted: October 22, 2020, 2:39 pm
The Israeli cybersecurity company's non-GAAP net profit earnings per share (EPS) was $1.64, while the analysts had predicted EPS of $1.53.
Posted: October 22, 2020, 12:40 pm
The company is developing and manufacturing thermal imaging (LWIR) systems for automotive and pedestrian safety.
Posted: October 22, 2020, 11:30 am
The potential value of the Enhanced Night Vision Goggle binocular systems contract could reach $442 million.
Posted: October 22, 2020, 11:25 am
The solar energy farm is near the Glilot Interchange between Tel Aviv and Ramat Hasharon.
Posted: October 22, 2020, 11:03 am
Construction will be halted for years in dozens of projects near stations between Rehovot and Herzliya.
Posted: October 22, 2020, 10:14 am
Google's AI-focused investment fund has made its first-ever investment in an Israeli startup.
Posted: October 22, 2020, 9:19 am
The soon to be signed agreement was delayed because of Korean political concerns that have been removed by Israel-UAE normalization.
Posted: October 22, 2020, 9:19 am
Naveh stepped down earlier this year as chairman of Clal Insurance.
Posted: October 22, 2020, 9:19 am
As consumers switch to online shopping, eCommerce discovery has become paramount for customer acquisition and retention in the new normal.
Posted: October 22, 2020, 9:19 am
Shapir and Spanish partner CAF will extend and operate the Red Line and build and operate the new Green Line.
Posted: October 22, 2020, 9:18 am
Avgol is following in the footsteps of other Israeli companies like SodaStream, Ahava and Barkan wines, which have closed down factories over the green line in the West Bank.
Posted: October 21, 2020, 5:29 pm
The need for entry visas when Israelis enter the UAE and Emiratis enter Israel is being waived.
Posted: October 21, 2020, 10:38 am
The US-based food ingredients and flavors company has produced a 24% negative return since listing in Tel Aviv after buying Frutarom.
Posted: October 21, 2020, 10:37 am
David Brodet: Our aim is that planes take off on time, arrive on time and we provide meticulous and quality service.
Posted: October 20, 2020, 7:26 pm
The US State Department said that the investments will be made in infrastructure, energy and agricultural projects.
Posted: October 20, 2020, 6:07 pm
The number of weekly flights can be increased above 112 if there is demand.
Posted: October 20, 2020, 4:43 pm
The agreement includes maritime patrols by the Heron UAV, flight equipment and maintenance over four years.
Posted: October 20, 2020, 3:56 pm
The existing Eilat Ashkelon pipeline will save the expense and time of shipping oil from the Gulf through the Suez Canal.
Posted: October 20, 2020, 2:39 pm
Mileutis is in advanced stages of development of an innovative product which addresses bovine mastitis, the main concern in the dairy industry.
Posted: October 20, 2020, 2:26 pm
Maidan was formerly CEO of Netafim, which global private equity firm Permira sold in 2018 at a valuation of $1.9 billion.
Posted: October 20, 2020, 1:31 pm
The employees, representing 7% of the bank's work force, will take voluntary early retirement by the end of 2021.
Posted: October 20, 2020, 1:27 pm
Targets for power production from renewable resources are not being met, while the Transport Ministry has failed to curb private car use.
Posted: October 20, 2020, 11:51 am
The decision marks the end of a three year struggle between supporters and opponents of the route of the Blue Line through Emek Refaim, the main thoroughfare in the German Colony.
Posted: October 19, 2020, 9:41 pm
The State Comptroller's report notes that the railways electrification is finally on track but that recommendations on safety, fire and rescue have not been implemented.
Posted: October 19, 2020, 6:10 pm
Assaf Zur is meeting with "a very serious company in the tourist sector." Last week NY Koen Group said it will bid to buy Israir.
Posted: October 19, 2020, 4:41 pm
In the second half of September the unemployment rate rose to 17.1% nearly double the 9.7% from the first half of the month due to the lockdown, the Central Bureau of Statistics reports.
Posted: October 19, 2020, 2:42 pm
The joint declaration was accompanied by a series of memoranda on economic cooperation.
Posted: October 19, 2020, 2:26 pm
The rating agency sees the downward pressure on prices in Israel as short-term.
Posted: October 19, 2020, 2:25 pm
The crew descended from the plane carrying UAE and Israeli flags, and were greeted with a formal reception.
Posted: October 19, 2020, 11:49 am
Minister of Environmental Protection Gila Gamliel is extending the law to 1.5 liter drink bottles because manufacturers have not met their recycling targets.
Posted: October 18, 2020, 8:29 pm
An aviation agreement will be signed Tuesday and flights from Tel Aviv to Dubai and Abu Dhabi should start within a few weeks.
Posted: October 18, 2020, 6:50 pm
The Israeli company has filed confidentially with the US SEC. "Reuters" reports Playtika will seek to raise $1 billion at a $10 billion valuation.
Posted: October 18, 2020, 6:49 pm
Scentech with which NextGen Biomed is merging, has successfully identified Covid-19 biomarkers through gas compounds.
Posted: October 18, 2020, 5:11 pm
Israel's coronavirus cabinet meets Tuesday to discuss what relaxations will be introduced. But fatalities have exceeded 2,000.
Posted: October 18, 2020, 4:02 pm
Housing prices fell in Israel 0.3% in July-August, the Central Bureau of Statistics reports, but the declines were much sharper in Tel Aviv.
Posted: October 18, 2020, 3:42 pm
A selection of recent real estate deals in Israel including in Ramat Hasharon, Herzliya, Rehovot, Pardes Hanna and Haifa Bay - Krayot.
Posted: October 18, 2020, 2:37 pm
Israel's GDP contracted by 28.7%, on an annualized basis, in the second quarter of 2020, according to the third and revised estimate of the Central Bureau of Statistics.
Posted: October 18, 2020, 1:42 pm
Besides the protest outside the prime minister's residence, demonstrations were held in several other cities and on bridges and junctions.
Posted: October 18, 2020, 10:45 am
The buyers are real estate company Lahav LR and Uri Mantzur
Posted: October 18, 2020, 10:13 am
The consortium headed by Zahi Nahmias's Mega Or is now offering NIS 950 million. Any competing bid will have to be at least NIS 990 million.
Posted: October 15, 2020, 8:37 pm
Prime Minister Benjamin Netanyahu: We must to be cautious in exiting from this lockdown, to avoid a third one.
Posted: October 15, 2020, 7:48 pm
G. Willi-Food Investments is in the process of raising NIS 100 million for the fund and is examining two foodtech investments.
Posted: October 15, 2020, 6:13 pm
Shlomo Eliahu's resignation paves the way for the replacement of Migdal chairman Nir Gilad.
Posted: October 15, 2020, 5:34 pm
The members of the delegation will include representatives of the Prime Minister's Office and the White House.
Posted: October 15, 2020, 2:58 pm
Morgan Stanley disclosed ownership of 2,794,391 shares which gives it a 5% stake in the Israeli company.
Posted: October 15, 2020, 1:40 pm
The Israeli company's advanced platform consistently feeds 'real time' data while simultaneously streamlining the workflow with automated annotation tools.
Posted: October 15, 2020, 1:28 pm
Such a bid would be far higher than the NIS 70 million bid buy Rami Levy and Shalom Haim to buy the airline.
Posted: October 15, 2020, 12:56 pm
The plan joins up Beit Hakerem with Givat Ram and includes residential, commercial and office developments alongside the park.
Posted: October 15, 2020, 12:56 pm
Israel's National Coronavirus Project Coordinator Prof. Ronni Gamzu will recommend opening businesses that do not receive the public, and resumption of early childhood education.
Posted: October 15, 2020, 11:01 am
The Etihad Airways flight made history by flying over Israeli airspace as part of an agreement signed last week between Israel and Jordan.
Posted: October 15, 2020, 9:05 am
Israel's Finance Ministry is allowing the self-employed to withdraw from private pension funds. Insurance Agents Association: It's a disgrace to call savings unemployment pay.
Posted: October 15, 2020, 7:46 am
The Israeli insurance industry software solutions provider will also offer the underwriters an option to buy an additional $15 million in shares.
Posted: October 14, 2020, 7:30 pm
The Israeli company claims it will disrupt the enterprise software market with its launch of the world’s first enterprise AI operating system.
Posted: October 14, 2020, 6:56 pm
The ban on Israelis who had not bought tickets before September 25 flying abroad will be lifted tomorrow night, Transport Minister Miri Regev and Health Minister Yuli Edelstein have announced.
Posted: October 14, 2020, 4:57 pm
The Israeli company provides insights into the health and performance of the machines its customers use to make products, and deliver services.
Posted: October 14, 2020, 3:39 pm
The Israeli company supplied and conveyed 100 kilowatts of energy from an electric road that it developed to a battery that was installed in an electric truck.
Posted: October 14, 2020, 2:22 pm
Israeli tech companies are on course for another record capital raising year in 2020 but seed funding for early stage startups is drying up.
Posted: October 14, 2020, 2:11 pm
Minister of Finance Israel Katz is pressing for small businesses to be allowed to open.
Posted: October 14, 2020, 1:03 pm
The central bank has lowered the leverage ratio requirement "to allow banking corporations the business flexibility required at this time."
Posted: October 14, 2020, 1:01 pm
The Israeli company's medical coding speeds up billing by automatically assigning the most accurate medical codes required for medical reimbursement.
Posted: October 14, 2020, 12:52 pm
With Ben Gurion airport set to reopen to outward bound Israelis, El Al has announced the restart of a range of routes between Tel Aviv and destinations in North America and Europe.
Posted: October 14, 2020, 12:34 pm
Competition Commissioner Michal Halperin threatened Delek Drilling managers with personal sanctions. The spotlight is now on Chevron.
Posted: October 14, 2020, 9:47 am
Idan Plotnik and Yonatan Eldar previously founded behavioral analytics company Aorato, which was sold to Microsoft for $200 million.
Posted: October 13, 2020, 6:29 pm
The airline has called a shareholder's meeting for November 17 but Rozenberg's advisors may ask the courts to bring the date forward.
Posted: October 13, 2020, 5:45 pm
This is an improvement on the IMF's forecast in June of a 6.3% contraction of Israel's GDP this year.
Posted: October 13, 2020, 4:52 pm
The Israeli metrology solutions company for the semiconductor industry is taking advantage of the Wall Street tech boom to raise debt.
Posted: October 13, 2020, 4:16 pm
The EU has an agreement to procure 400 million vaccinations from AstraZeneca and Germany says Israel is part of the EU for this deal.
Posted: October 13, 2020, 2:26 pm
DeserTech, formed by the Merage Foundation and the Israel Innovation Institute, already eyes regional cooperation.
Posted: October 13, 2020, 2:15 pm
NY Koen Group says it "looks forward to inheriting the Israir brand and legacy."
Posted: October 13, 2020, 2:00 pm
Minrav won the NTA tender for the project at the junction of Namir and Einstein streets will include a Green Line station.
Posted: October 13, 2020, 1:06 pm
For the second successive year, Transparency International ranks Israel in its highest category for enforcement against bribery of foreign officials.
Posted: October 13, 2020, 1:04 pm
The Tel Aviv District Court found that Bramly ran a Ponzi scheme through his Rubicon Business Group and Kela Fund.
Posted: October 13, 2020, 1:03 pm
The Björnberget project, which Enlight is buying, is one of the largest wind projects in Europe located in central Sweden, and has a total capacity of 372 megawatts.
Posted: October 12, 2020, 8:58 pm
The 30 Arab local authorities and cities in Israel defined as high infection "red" a month ago have dwindled to just four. "Globes investigates how it was done.
Posted: October 12, 2020, 8:47 pm
The deficit has widened even though the government has only handed out half of the amount allocated to boosting the business sector because of the crisis.
Posted: October 12, 2020, 4:47 pm
Oppenheimer provides an "Outperform" recommendation for the Israeli software management platform company.
Posted: October 12, 2020, 4:23 pm
Yaakov Litzman resigned from the government just a month ago in protest against the lockdown.
Posted: October 12, 2020, 12:52 pm

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