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News - Globes

Israel's Business Arena

Setoo is disrupting the insurance market by enabling e-businesses to create and sell great protection tailored to the consumers' needs.
Posted: September 18, 2018, 1:12 pm
After a sale of 1% of insurance company Phoenix yesterday, Delek Group remains with 30.6%, close to the minimum for a controlling stake.
Posted: September 17, 2018, 6:43 pm
Ayoob Kara welcomed Levy's contribution to lowering Israel's cost of living contradicting previous concerns that the new offer would disrupt the market.
Posted: September 17, 2018, 6:27 pm
Website Hotels Combined has found that the city's hotels are hiking prices for May 14-18.
Posted: September 17, 2018, 6:27 pm
The funds will be used to expand the company's online international freight marketplace.
Posted: September 17, 2018, 6:26 pm
More than 30 drivers reported sick for the second day running in what management describes as a wildcat strike.
Posted: September 17, 2018, 6:25 pm
Lower than expected inflation is putting in doubt a Bank of Israel interest rate hike this year.
Posted: September 17, 2018, 6:24 pm
The Tel Aviv District Planning and Building Commission has given final approval to expand the hotel to 1,350 rooms.
Posted: September 17, 2018, 6:03 pm
There were 11,228 building starts for apartments in Israel in the second quarter of 2018, the Central Bureau of Statistics reports.
Posted: September 17, 2018, 4:54 pm
New mortgages amounted to NIS 14.8 billion in the second quarter.
Posted: September 17, 2018, 2:20 pm
The company's share surged 11.8% after the Israeli Ministry of Agriculture announced a subsidy for farmers Roots system.
Posted: September 17, 2018, 1:07 pm
Only 13% of housing purchases in Israel in July were by investors.
Posted: September 17, 2018, 1:04 pm
The value of credit card transactions in the days preceding this year's New Year holiday was up 15%.
Posted: September 17, 2018, 11:24 am
Five Israeli companies have reached the semifinals of the 1st UNWTO Startup Competition.
Posted: September 17, 2018, 10:50 am
Lime already has shared transport operations in 70 North American cities and six Western European cities.
Posted: September 16, 2018, 9:14 pm
A week before the planned opening of the Jerusalem-Tel Aviv line, safety approval has not been obtained, sources inform "Globes."
Posted: September 16, 2018, 9:13 pm
The property's value is assessed at NIS 70-90 million.
Posted: September 16, 2018, 9:12 pm
Minister of National Infrastructure, Energy, and Water Resources Dr. Yuval Steinitz, admitted that he had made a mistake when he raised the tax from 20% to 25%.
Posted: September 16, 2018, 9:11 pm
The reality TV star will model Carolina Lemke's sunglasses with art owner Bar Refaeli and help expand marketing in the US.
Posted: September 16, 2018, 3:59 pm
A selection of recent real estate deals in Israel including in Jerusalem, Ramat Gan, Kfar Saba, Netanya, and Beersheva.
Posted: September 16, 2018, 3:48 pm
The flights between Tel Aviv and Mykonos will take place during the holidays, starting on September 22.
Posted: September 16, 2018, 3:15 pm
Georgian defense company Chindze: Milo's company has completely ignored the Court's order to deliver documents.
Posted: September 16, 2018, 2:42 pm
IBI analyst Steven Tepper has raised the target price for Teva's share from $26 to $28.
Posted: September 16, 2018, 1:20 pm
Investment house Altshuler Shaham already holds 8.7% of the income producing real estate company.
Posted: September 16, 2018, 12:28 pm
The Tel Aviv 35 Index is up strongly this morning, boosted by pharma stocks Teva and Opko and mobile carrier Cellcom.
Posted: September 16, 2018, 11:37 am
Fremanezumab, now branded as AJOVY, will be on the US market in two weeks.
Posted: September 16, 2018, 11:21 am
The shekel is trading at its strongest against the dollar since early June.
Posted: September 16, 2018, 10:02 am
After falling for most of the past year, home prices rose for the second successive month, while the Consumer Price Index rose less than expected.
Posted: September 14, 2018, 4:40 pm
The Bank of Israel purchased $173 million in foreign currency last month as part of the program to offset the effects of natural gas production on the exchange rate.
Posted: September 14, 2018, 4:40 pm
After a series of unprecedented aid cuts, the US administration is offering the Palestinian leadership a way back.
Posted: September 14, 2018, 3:29 pm
Bank Leumi unit Videa will offer a robo-advice service, mainly for customers with small amounts of capital.
Posted: September 14, 2018, 12:58 pm
The Israeli company was the first to introduce location-based and real-time air quality data, available via API, to businesses.
Posted: September 14, 2018, 12:55 pm
PepsiCo is eager to keep Daniel Birnbaum at the helm of the company after the acquisition is completed.
Posted: September 13, 2018, 7:55 pm
UNV-Medicine will manufacture a cannabis product for the startup in its facility.
Posted: September 13, 2018, 7:01 pm
The Phase III study of dermatological foam FMX101 for the treatment of moderate-to-severe acne met its primary end-points.
Posted: September 13, 2018, 6:55 pm
Foamix Pharmaceuticals intends to market its acne treatment by itself.
Posted: September 13, 2018, 6:54 pm
The Central Bureau of Statistics reports a 1.8% increase in the stock of unsold housing.
Posted: September 13, 2018, 6:26 pm
The investment is part of the InnoFin program in the framework of the European Horizon 2020 R&D program.
Posted: September 13, 2018, 3:19 pm
The Ministry of Defense has strenuously denied reports in the UAE newspaper "Al Khaleej" that it is selling the Iron Dome system to Saudi Arabia.
Posted: September 13, 2018, 2:39 pm
The financial concern dropped the idea after realizing that it could not offer a premium that the company would accept.
Posted: September 13, 2018, 2:18 pm
The European Broadcasting Union has announced that Tel Aviv will stage the event next May.
Posted: September 13, 2018, 1:41 pm
Industry sources believe that the basic Xs model with 64 GB of memory will cost NIS 4,850 in Israel.
Posted: September 13, 2018, 1:20 pm
The Israeli company has developed a platform that helps startup employees get the money they need to exercise their stock options before they expire.
Posted: September 13, 2018, 9:45 am
A month and a half after Amazon began offering free shipping for Israelis purchasing $75 or more in goods, the offer has closed.
Posted: September 13, 2018, 8:41 am
The Irish low-cost carrier is to launch a new route between Tel Aviv and Memmingen in Bavaria from October 29.
Posted: September 12, 2018, 6:30 pm
Credit Suisse has downgraded Teva saying that the risk-reward ratio for an investment is unattractive.
Posted: September 12, 2018, 6:28 pm
Israel has improved from the worst category to the best in only three years.
Posted: September 12, 2018, 6:28 pm
Housing prices in Tel Aviv fell 9% in 2017-2018, the Ministry of Finance reports.
Posted: September 12, 2018, 6:26 pm
HP has failed to find the source of the malfunctions that have plagued the mobile phone network over the past week.
Posted: September 12, 2018, 6:25 pm
TAP will operate Airbus A321 168-seat aircraft on the new Tel Aviv - Lisbon route starting in April 2019.
Posted: September 12, 2018, 6:24 pm
IAI is teaming with Effective Space to build small spacecraft and will also invest in the Israeli startup.
Posted: September 12, 2018, 6:24 pm
The Israeli bank will pay NIS 670 million for Dexia Israel, which focuses on public and municipal finance.
Posted: September 12, 2018, 6:23 pm
Energean owns the rights to the Tanin and Karish gas fields as well as five new blocks recently awarded to it by the Israeli government.
Posted: September 12, 2018, 6:22 pm
Sisense is disrupting the business intelligence market by simplifying business analytics for complex data.
Posted: September 12, 2018, 6:21 pm
Pixellot disrupts traditional video capture, production, and distribution by enabling sports organizations to automatically produce and monetize athletic events at affordable prices.
Posted: September 12, 2018, 10:08 am
The trend of rising government spending and low revenue growth is expected to continue in the next few months.
Posted: September 6, 2018, 10:04 pm
The Israeli company's share price shot up 13.6% on the Australian Securities Exchange.
Posted: September 6, 2018, 9:47 pm
Researchers at the Weizmann institute suggest that probiotics should not be universally given as a ‘one size fits all’ supplement.
Posted: September 6, 2018, 9:41 pm
Investors included Vertex Ventures, Microsoft's M12 fund, and Canaan Partners.
Posted: September 6, 2018, 8:08 pm
The round in the Israeli fleet management solutions company was led by Vertex Ventures, Kardan Ventures, and VectoIQ.
Posted: September 6, 2018, 7:01 pm
The company is still aiming at a Nasdaq offering.
Posted: September 6, 2018, 6:47 pm
After only one month in Jerusalem, the government of Paraguay is moving its embassy in Israel back to Tel Aviv.
Posted: September 6, 2018, 6:31 pm
Average pay in information and communications was NIS 19,943.
Posted: September 6, 2018, 6:29 pm
Mitsubishi Hitachi Power Systems' US-based unit PW Power Systems will construct the 400-megawatt power station.
Posted: September 6, 2018, 6:03 pm
Teva said that the company was taking advantage of its surplus cash to reduce its leverage.
Posted: September 6, 2018, 4:28 pm
Food tech is a field of technology that has recently been growing rapidly.
Posted: September 6, 2018, 4:01 pm
Israel Discount Bank chief economist: We expect the Bank of Israel to make one rate hike this year and three hikes in 2019.
Posted: September 6, 2018, 12:32 pm
The population has grown by 1.9% or 162,000 over the past year to 8,907,000, the Central Bureau of Statistics reports.
Posted: September 6, 2018, 11:15 am
The Israeli company picks up where Bitcoin left off, allowing newcomers to contribute to the security of the cryptocurrency with hard drive storage space.
Posted: September 6, 2018, 8:26 am
The Israel Antitrust Authority is considering issues about the monopolistic nature of the international Internet giants.
Posted: September 5, 2018, 9:02 pm
Alpha DaRT enables the first alpha-radiation-based cancer treatment for various types of solid tumors.
Posted: September 5, 2018, 9:01 pm
Dozens of managers will receive enlarged severance pay of up to 170%.
Posted: September 5, 2018, 9:01 pm
Delek Group has sold 19.6% of the shares in Phoenix for NIS 980 million within a year.
Posted: September 5, 2018, 9:00 pm
The company never persuaded insurance companies to reimburse hospitals for purchasing its products.
Posted: September 5, 2018, 9:00 pm
The personal rapid transport magnetic levitation system will run over the coastal highway, linking up the city's residential and industrial areas.
Posted: September 5, 2018, 8:56 pm
The suspects allegedly sold tickets for thousands of dollars, pocketed the money, and told customers that the flights had been canceled.
Posted: September 5, 2018, 8:56 pm
The company's new chip complies with both Western and Chinese standards.
Posted: September 5, 2018, 6:35 pm
The company, jointly owned by Strauss and Pepsico, will concentrate on humus, tahini, and guacamole.
Posted: September 5, 2018, 3:41 pm
The Israeli company uses artificial intelligence to predict the success of television content and movies.
Posted: September 5, 2018, 1:54 pm
BrainVu's product uses eye movements to identify a subject's emotions.
Posted: September 5, 2018, 12:31 pm
The Arrow Weapon System is the long range defense system against ballistic missile threats to Israel.
Posted: September 5, 2018, 12:19 pm
Citi won the tender to buy the 5.4% stake in the Israeli bank.
Posted: September 5, 2018, 10:02 am
Ministry of Foreign Affairs sources told "Globes" that BDS activists used phony accounts and automated accounts (bots) on social networks to exert pressure on the singer.
Posted: September 4, 2018, 7:04 pm
The Ministry of Communications has asked Rami Levy Communications for clarifications about the plan and fears it could harm competition.
Posted: September 4, 2018, 6:24 pm
The parking lots will optimize use of space, prevent thefts and damage, and replace staff.
Posted: September 4, 2018, 5:45 pm
The pill is designed to replace a conventional colonoscopy.
Posted: September 4, 2018, 5:43 pm
The Israeli company specializes in lung cancer diagnostics through augmented real-time intra-body navigation and imaging.
Posted: September 4, 2018, 4:36 pm
It is unclear whether Kahlon supports a rate hike, especially as it would hit mortgage holders.
Posted: September 4, 2018, 3:21 pm
InterCure's share price has risen 120% this week and 520% since June.
Posted: September 4, 2018, 2:49 pm
Erdan alleged that Minister of Finance Moshe Kahlon "misled the prime minister."
Posted: September 4, 2018, 12:26 pm
Analysts and other economic experts are divided on whether the Bank of Israel will raise interest rates this year or in the first quarter of 2019.
Posted: September 4, 2018, 12:19 pm
Experience with other banks indicates that dissolution of a controlling core strengthens management.
Posted: September 4, 2018, 12:07 pm
The company has received a first order for its advanced eCHR radar.
Posted: September 4, 2018, 11:24 am
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