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News - Globes

Israel's Business Arena

The company was due to receive a NIS 20 million bridging loan from a private investment fund
Posted: January 17, 2019, 8:14 pm
Effi Naveh is suspected of advancing a judicial appointment for sexual favors.
Posted: January 17, 2019, 6:42 pm
Naveh: I do not want my personal affairs to interfere with the Bar Association's activity.
Posted: January 17, 2019, 6:41 pm
Buyers of a sole residence will now be exempt from purchase tax up to a value of NIS 1.7 million.
Posted: January 17, 2019, 6:32 pm
Internet Gold announced that no bids had been submitted in the auction for the acquisition of B Communications and that the company would probably seek a debt arrangement.
Posted: January 17, 2019, 6:05 pm
The failure of the auction of its shares in Bezeq parent company B Communications has left Internet Gold unable to meet payments on its bonds.
Posted: January 17, 2019, 6:04 pm
The More Investment House invested in the round, which may be enlarged.
Posted: January 17, 2019, 5:38 pm
The new, NIS 1.7 billion airport has 100 times the space of Eilat's old airport.
Posted: January 17, 2019, 4:40 pm
The 320 square meter apartment is on Matmon Street near Kikar Hamedina.
Posted: January 17, 2019, 1:03 pm
The Israeli currency continues to weaken as lower than forecast inflation jeopardizes future rate hikes.
Posted: January 17, 2019, 12:03 pm
The average apartment price fall in Israel's two main cities was well over the national 2.3% average in the past 12 months, the Central Bureau of Statistics reports.
Posted: January 17, 2019, 12:02 pm
The Kinneret has risen by 750 centimeters since the start of the rainy season but still needs another 5.10 meters to be full.
Posted: January 17, 2019, 12:00 pm
The latest funding recognizes the unique potential of Tyto Care's on-demand, remote telehealth solution to improve healthcare access and delivery in the US, Japan and China.
Posted: January 17, 2019, 11:29 am
Short exposure of cancerous cells to the Israeli company's NT219 drug is sufficient to trigger irreversible shutdown of cancer pathways.
Posted: January 17, 2019, 9:35 am
Arison expected a deal for NIS 250-300 million, but got only NIS 160 million for Israel's largest salt producer.
Posted: January 16, 2019, 7:07 pm
The company develops scales, advanced weighing systems, and a barcode scanner.
Posted: January 16, 2019, 7:01 pm
Police believe that a senior lawyer appointed a magistrate's court judge in exchange for sex.
Posted: January 16, 2019, 6:11 pm
The Tel Aviv-based company has launched a service for farmers looking to gain deeper insight into the health and productivity of their trees.
Posted: January 16, 2019, 5:59 pm
Hot Mobile is offering 100-gigabyte surfing at NIS 39 per month for individual subscribers and NIS 29 per month for three or more subscribers together.
Posted: January 16, 2019, 3:50 pm
The US Army has asked Congress for $373 million to buy the two batteries from Israeli company Rafael, US news site "Inside Defense" reports.
Posted: January 16, 2019, 3:40 pm
US private equity fund Francisco Partners bought the Petah Tikva-based logistical management systems company for $438 million in 2015.
Posted: January 16, 2019, 3:34 pm
Growth in the quarter was revised from 2.1% to 2.3%, on an annualized basis, the Central Bureau of Statistics report
Posted: January 16, 2019, 2:39 pm
The NIS 5.5-billion project includes huge parking lots in Rishon Lezion and Shefayim and a shuttle system as well as fast lanes.
Posted: January 16, 2019, 2:16 pm
The new route will replace the Chinese carrier's flights between Tel Aviv and Guangzhou, while China Eastern will fly the Tel Aviv - Guangzhou route.
Posted: January 16, 2019, 12:36 pm
Annual inflation of only 0.8% threatens the Bank of Israel's plan for a rate hike in the third quarter of 2019.
Posted: January 16, 2019, 11:44 am
Foretellix provides autonomous car developers with the ability to realize and demonstrate the extremely high level of safety required.
Posted: January 16, 2019, 11:21 am
The company is offering to buy its partners' direct and indirect holdings for NIS 278 million.
Posted: January 16, 2019, 10:16 am
Inflation was 0.8% in 2018, while housing prices have fallen 2.3% in the past 12 months, Israel's Central Bureau of Statistics reports.
Posted: January 15, 2019, 7:18 pm
The telecom company is willing to sell at a company valuation of NIS 5-7 billion.
Posted: January 15, 2019, 7:08 pm
The main bidders are the Rami Levy and Zol Ve Begadol supermarket chains.
Posted: January 15, 2019, 6:59 pm
The Yehudit pedestrian bridge over the Ayalon highway is becoming a major orthodox-secular political bone of contention.
Posted: January 15, 2019, 5:43 pm
The Israeli delivery logistics platform for enterprises is already operating in over 50 countries.
Posted: January 15, 2019, 3:44 pm
The company has developed a magnetic helmet for treatment of neurological diseases.
Posted: January 15, 2019, 2:47 pm
Economists predict that the December Consumer Price Index fell 0.2% following a fall in the price of fuel.
Posted: January 15, 2019, 2:40 pm
The Israeli company brings real world application of face, body and object recognition with unparalleled accuracy and technology.
Posted: January 15, 2019, 1:36 pm
In order to avoid a debt settlement, Internet Gold has to sell its shares in B Communications at more than NIS 31 a share, while the current market price is NIS 18.80,
Posted: January 15, 2019, 1:22 pm
This amount was nearly double the $7.7 billion in exits in 2017, not including Mobileye, although the number of deals fell from 133 to 103.
Posted: January 15, 2019, 1:05 pm
Municipality: The developer has not finished vacating public space.
Posted: January 15, 2019, 12:26 pm
Kara: I am satisfied that my conduct has been honest and correct.
Posted: January 15, 2019, 10:49 am
The Israeli company is developing miniature chips for battery-free Bluetooth technology for use in Internet-of-Things applications.
Posted: January 15, 2019, 10:20 am
The proposal could be a damper on Tel Aviv's burgeoning Airbnb market, and send a signal to other local authorities in Israel.
Posted: January 15, 2019, 10:04 am
In a 100-page survey, the Authority recommends government action to focus the industry on AI and bring its benefits to other sectors.
Posted: January 15, 2019, 9:36 am
Guy Fund generated a -24% return in the past two months.
Posted: January 15, 2019, 9:16 am
Israel's first minister to visit Egypt since 2011 will return in May for the establishment of the Mediterranean Natural Gas Organization.
Posted: January 14, 2019, 7:24 pm
A change in the formula for calculating compensation will lower insurance premiums and benefit the insurance companies.
Posted: January 14, 2019, 7:00 pm
Amdocs Israel headquarters will have four office buildings surrounded by green areas.
Posted: January 14, 2019, 6:12 pm
Negotiations between management and the workers have reached a deadlock.
Posted: January 14, 2019, 6:03 pm
Tel Aviv-based ForceNock's technology will be integrated into Check Point's Infinity total protection architecture.
Posted: January 14, 2019, 5:24 pm
Senior high-tech leaders have joined a forum founded by the Haredi Institute for Public Affairs.
Posted: January 14, 2019, 4:53 pm
The telecoms company used to offer a notably high dividend yield, but substantial write-downs will prevent that in 2019, and maybe in 2020 too.
Posted: January 14, 2019, 4:20 pm
Sources close to IAI told "Globes" that the price settled with Rafael for the acquisition was unrealistically high, and that IAI is unwilling to match it.
Posted: January 14, 2019, 4:03 pm
Prico: In the long term the shekel should strengthen against the dollar but in the short term it might have realized its potential at its current level.
Posted: January 14, 2019, 3:20 pm
Sales are, however, heavily concentrated in Tel Aviv and the center.
Posted: January 14, 2019, 3:16 pm
Israel Aerospace Industries is demanding that Israeli UAV company Aeronautics should be sold in an auction process.
Posted: January 14, 2019, 3:02 pm
The new Israeli-Japanese fund had its initial closing in October 2018 and is planning its final closing in 2019.
Posted: January 14, 2019, 2:53 pm
The smart payments solutions company saw a 45% growth in deal turnover and record revenue last year.
Posted: January 14, 2019, 2:29 pm
The number of claims for income supplements was down 11% in 2018.
Posted: January 13, 2019, 8:45 pm
The MPs, members of the leftist Die Linke Party, oppose the use of munitions-bearing UAVs.
Posted: January 13, 2019, 6:34 pm
BSR will build 400 homes and commercial space on the former Tel Aviv offices of the Israel Broadcasting Authority.
Posted: January 13, 2019, 6:09 pm
Frenkel is set to make a 100% return on his investment within a few months.
Posted: January 13, 2019, 5:04 pm
Thoma Bravo is paying a 29.5% premium on the market price for cybersecurity company Imperva's shares.
Posted: January 13, 2019, 4:47 pm
A selection of recent deals in haredi neighborhoods including in Beitar Illit, Modiin Illit, Elad and Emmanuel.
Posted: January 13, 2019, 4:23 pm
Bezeq says that the Ministry of Communications' demand for universal fiber optic deployment is not practical.
Posted: January 13, 2019, 4:01 pm
The agreement includes a NIS 450 pay rise for clerical staff and NIS 600 for managers.
Posted: January 13, 2019, 3:56 pm
CloudEndure: This acquisition expands our ability to deliver innovative and flexible migration, backup, and disaster recovery solutions.
Posted: January 13, 2019, 2:45 pm
Unitronics has signed agreements totaling NIS 190 million for setting up automated parking lots and warehouses in the past six months.
Posted: January 13, 2019, 2:41 pm
120-150 millimeters of rain has fallen in the Upper Galilee and Golan since Saturday night.
Posted: January 13, 2019, 2:24 pm
Illinois Attorney General Lisa Madigan says the Israeli pharmaceutical giant has agreed compensation for allegedly inflating wholesale prescription drug prices.
Posted: January 13, 2019, 1:17 pm
Rafael and Avichai Stolero have agreed a valuation of NIS 850 million for Israeli UAV company Aeronautics, sending its share price soaring.
Posted: January 13, 2019, 10:39 am
200 scooters have been deployed today and the German company plans to station 1,200 e-scooters in Tel Aviv.
Posted: January 10, 2019, 5:01 pm
The Israeli company will earn over $10 million for its machine learning cell-centered models of the immune system.
Posted: January 10, 2019, 3:10 pm
The Israeli currency has pushed the dollar further below the NIS 3.70/$ threshold.
Posted: January 10, 2019, 1:48 pm
A report by Euler-Hermes links US retail chain bankruptcies to dissatisfaction with their apps.
Posted: January 10, 2019, 1:28 pm
Israel Aerospace's BirdEye 650D UAV will monitor crops such as soy and sugar cane as well as commercial forestry.
Posted: January 10, 2019, 12:05 pm
The relatively small store by the Swedish furniture giant's standards will be in Pavilion 11 at Tel Aviv Port, sources inform "Globes."
Posted: January 10, 2019, 10:57 am
Sirvir will develop treatments for infectious diseases in the respiratory system.
Posted: January 10, 2019, 10:56 am
The Ministry of Finance said the bond had been issued with the lowest margins ever above the euro's benchmark interest rate.
Posted: January 10, 2019, 8:20 am
The 3,000 square meter store will be the French sporting goods retail chain's fifth in Israel.
Posted: January 9, 2019, 9:21 pm
A suitcase will cost $35 in each direction for advance reservations and $70 in each direction at the airport.
Posted: January 9, 2019, 8:50 pm
Up to 180 employees under the program will receive compensation up to 170%.
Posted: January 9, 2019, 8:45 pm
Management feels that labor disputes at Teva's Kfar Saba plant have made the site less attractive for production of new drugs.
Posted: January 9, 2019, 8:39 pm
The company has rented two floors in a tower being built by Acro Real Estate in the city's northern industrial zone.
Posted: January 9, 2019, 5:32 pm
The Israeli healthcare and life sciences venture capital firm will invest in digital health, medical devices and biopharma in Israel, the US and Europe.
Posted: January 9, 2019, 4:58 pm
The routes to Athens, Sofia and Bucharest will bring to 15 the number of European destinations to which the low-cost Irish carrier flies from Tel Aviv.
Posted: January 9, 2019, 4:54 pm
The Israeli company is already working in many hospitals throughout Israel including Ichilov and Rambam.
Posted: January 9, 2019, 3:30 pm
Rafael and US partner Leonardo DRS Inc. have been awarded a contract to provide the Trophy protection systems for Abrams tanks worth $200 million.
Posted: January 9, 2019, 2:54 pm
The center will be a focus for cooperation between institutions of higher education and industry.
Posted: January 9, 2019, 12:57 pm
In the final three months of 2018, Israeli startups raised $1.82 billion, a record quarterly amount.
Posted: January 9, 2019, 12:08 pm
The Israeli currency is strengthening despite both the Ministry of Finance and Bank of Israel cutting their GDP growth forecasts for 2019.
Posted: January 9, 2019, 10:32 am
The Tel Aviv-based company operates in Iceland and North Dakota and will soon launch in North Carolina.
Posted: January 9, 2019, 8:00 am
This funding will enable the Jerusalem-based company to develop and expand its line of advanced inspection tools to better serve the flat panel display (FPD) industry.
Posted: January 9, 2019, 7:59 am
However, Israel's largest department store chain will be opening a new branch in Rami Levy's mall in Atarot in North Jerusalem.
Posted: January 8, 2019, 7:33 pm
Israel's Ministry of Finance attributes the higher projected deficit to the downward revision of its growth forecast.
Posted: January 8, 2019, 6:19 pm
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