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News - Globes

Israel's Business Arena

Moody's is concerned about Israel's ability to tackle its growing budget deficit.
Posted: September 20, 2019, 3:43 pm
Blue & White has a two seat advantage over the Likud in the final results but Benny Gantz will struggle to form a government.
Posted: September 20, 2019, 3:02 pm
The first smart and robotic mobility device provides full functionality, both in standing and sitting positions for wheelchair users and the elderly.
Posted: September 20, 2019, 2:37 pm
Canada-Israel trade has tripled over the past decade and Adv. Noam Goodman of DLA Piper argues that the modernized FTA opens up new opportunities.
Posted: September 20, 2019, 9:03 am
The Israeli cybersecurity company was down on Wall Street after analyst Tal Liani downgraded it to "Underperform" and cut its target price.
Posted: September 20, 2019, 8:46 am
"Entrepreneurs in the medical sector want to build sustainable companies, not make a quick exit, " Marius Nacht told the EY Israel "Globes" Journey 2019 conference in Tel Aviv.
Posted: September 19, 2019, 10:19 pm
The trend in building starts in Israel has been downward since 2016, with the Buyer Fixed Price Plan preventing an even steeper decline.
Posted: September 19, 2019, 10:15 pm
Amazon has made every effort to enure that online sales on its Hebrew site begin before the High Holydays.
Posted: September 19, 2019, 6:11 pm
Kingmaker Avigdor Liberman told "Globes" that he is insisting on a national unity government without left-wing parties and right-wing religious parties.
Posted: September 19, 2019, 5:10 pm
The unemployment rate in Israel among those age 15 or higher rose from 3.7% in July to 3.8% in August, the Central Bureau of Statistics reports.
Posted: September 19, 2019, 4:30 pm
"Blue and White won the elections and we are the largest party," the Blue and White leader said.
Posted: September 19, 2019, 3:37 pm
The shekel is stronger this morning after the US Federal Reserve cut the key interest rate by 0.25% to the 1.75%-2% range.
Posted: September 19, 2019, 2:55 pm
The Israel Airports Authority expects 150,000 tourists to pass through the Taba border crossing during the upcoming Jewish holidays.
Posted: September 19, 2019, 12:45 pm
Cox has formed a partnership with DRIVE TLV, a Tel Aviv-based smart mobility innovation center.
Posted: September 19, 2019, 12:37 pm
Most of the money was raised from Canadian fund Murchinson Financial Services.
Posted: September 19, 2019, 12:10 pm
Amot, which already owned 50% of the mall, is buying the other 50% from Property & Building for NIS 545 million.
Posted: September 19, 2019, 12:09 pm
Netanyahu: During the elections, I called for the establishment of a right-wing government. But to my regret the results of the elections show that that is not possible.
Posted: September 19, 2019, 11:21 am
Who will be charged with putting together a ruling coalition? A lot will depend on President Reuven Rivlin.
Posted: September 18, 2019, 6:32 pm
The Israeli company's technology is already securely managing digital assets for clients such as the social trading and multi asset brokerage company eToro.
Posted: September 18, 2019, 4:00 pm
Innovid is reportedly paying $30 million for Herolens, which is the largest creative management platform in Latin America.
Posted: September 18, 2019, 3:44 pm
Fox-Wizel is negotiating for a franchise for Nike and Foot Locker stores in European countries.
Posted: September 18, 2019, 3:09 pm
Benjamin Netanyahu's Likud and Benny Gantz's Blue & White will find it hard to form a coalition without each other.
Posted: September 18, 2019, 2:57 pm
Airlines received €1.25 million in grants for new routes from China in 2017-2018, fewer tourists visited Israel from China in 2018 than in 2017.
Posted: September 18, 2019, 2:23 pm
The shekel is weaker even though the US Fed is expected to cut interest again today and narrow the rate gap between the dollar and the shekel.
Posted: September 18, 2019, 11:43 am
Yona Fogel is in dispute with the Israeli fuel company's chairman Avraham Bigger over plans to spin off real estate activities.
Posted: September 18, 2019, 10:31 am
"Time Out" has named Tel Aviv's Kerem Hataimanim and Shuk Hacarmel in 15th place as the coolest neighborhoods to visit right now.
Posted: September 18, 2019, 9:49 am
Blue & White has a slight lead over the Likud but neither party is well positioned to form a ruling coalition, the exit polls predict.
Posted: September 17, 2019, 11:11 pm
The Mobility as a Service driverless taxi project is due to begin commercial for profit operations in Tel Aviv by 2023.
Posted: September 17, 2019, 7:42 pm
The Israeli company creates accessible and actionable genomic data to enable every individual to leverage their genetics.
Posted: September 17, 2019, 1:55 pm
The Israeli company is developing a system for check-out free stores so that grocery retailers can compete with Amazon Go.
Posted: September 17, 2019, 12:48 pm
Teva's Israeli logistics unit S.L.E. has signed an agreement to distribute Canndoc's medical cannabis products in Israel.
Posted: September 17, 2019, 11:29 am
The politicians all say that taxes will not be raised, but former senior Ministry of Finance officials tell "Globes" that VAT, income tax and corporate tax will all be hiked.
Posted: September 16, 2019, 6:55 pm
The startups in Wednesday's final, part of the Journey conference in Tel Aviv, are in fields as diverse as food proteins and search engines.
Posted: September 16, 2019, 4:49 pm
The Israeli private equity fund specializes in investments in tech and industrial companies associated with Israel.
Posted: September 16, 2019, 4:44 pm
The program includes senior women high-tech mentors, product strategy training, help in financing rounds and marketing, and advice for hiring.
Posted: September 16, 2019, 4:10 pm
Negotiations have been held with Rami Levy, Yochananof, Shufersal's Be and Shuk City.
Posted: September 16, 2019, 2:50 pm
According to the Central Bureau of Statistics' second estimate, the economy grew by 3.6% on an annualized basis in the first half of 2019.
Posted: September 16, 2019, 2:01 pm
The agreement is expected to boost Israel Postal Company's annual revenue by tens of millions of shekels.
Posted: September 16, 2019, 1:18 pm
Cannbit CEO Ifat Kariv: The deal positions Cannbit as a genuine leading company active along the whole cannabis value chain.
Posted: September 16, 2019, 12:46 pm
An existing investor in Insightec could buy Elbit Medical's stake in the company.
Posted: September 16, 2019, 12:13 pm
Yitzhak Cohen, who is being forced to the sell the company because of his alleged links with organized crime, is asking $100 million.
Posted: September 16, 2019, 11:28 am
The building was engineered and programmed according to the behavioral patterns and needs of 2,700 employees.
Posted: September 15, 2019, 9:07 pm
The cancellation of the exemption on imports up to $75 would ease the budget deficit and help retailers and shopping malls, but would hit consumers hard.
Posted: September 15, 2019, 8:58 pm
Israel's Consumer Price Index rose 0.2% last month, with housing prices falling after months of rises.
Posted: September 15, 2019, 6:44 pm
Capital Market commissioner Dr. Moshe Bareket demanded details about the decision-making process for the deal at Menorah Mivtachim and Phoenix Insurance.
Posted: September 15, 2019, 6:29 pm
The fund focuses on early-stage investments in entertainment companies in Israel and the UK.
Posted: September 15, 2019, 4:26 pm
The Bank of Israel says that if the government does not inject money before 2050, then old age allowances will have to be cut by 40%.
Posted: September 15, 2019, 4:20 pm
FIMI is in talks to invest NIS 100 million more in the kibbutz company, at 10% below the current market price.
Posted: September 15, 2019, 3:51 pm
Elbit announced the $350 million acquisition six months ago and has raised NIS 665 million in a private placement with institutional investors in order to finance the acquisition.
Posted: September 15, 2019, 2:08 pm
A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Rishon Lezion, Hod Hasharon and Netanya.
Posted: September 15, 2019, 1:26 pm
Construction is slated for the eastern side at the southern end of Hebron Road and includes commercial, office and public buildings.
Posted: September 15, 2019, 12:40 pm
The offering more than doubles energy and infrastructure fund Generation Capital's shareholders' equity.
Posted: September 15, 2019, 12:35 pm
Barak Soreni, the incumbent CEO of Israel's largest investmemt house Psagot, has notified its board that he will step down after three years in the post.
Posted: September 15, 2019, 12:27 pm
Supervisor of Bank Hedva Ber has stipulated a cooling off period for Kotler in relation to dealings with Isracard.
Posted: September 15, 2019, 11:30 am
The bot sent out the message: we cannot have a dangerous left-wing government with Lapid, Odeh, Gantz and Liberman… A secular left-wing weak government that relies on Arabs who want to destroy us all.
Posted: September 15, 2019, 11:04 am
Israeli cybersecurity company Cyren has announced a rights offering to raise up to $12.5 million.
Posted: September 12, 2019, 9:21 pm
Saar was previously CEO of real estate and energy group Equital.
Posted: September 12, 2019, 8:50 pm
Benjamin Netanyahu's "the sky is falling" campaign appears to be succeeding in luring voters from the right-wing parties.
Posted: September 12, 2019, 5:48 pm
The breakthrough Over-the-Horizon (OTH) radar version has a range of 200 nautical miles and beyond.
Posted: September 12, 2019, 4:09 pm
The bonds will be backed by a senior lien on Elad Canada's rights in a property called Galleria.
Posted: September 12, 2019, 2:10 pm
The vehicle program focuses on enhanced AI, autonomous and automatic capabilities for combat scenarios including in urban evironments.
Posted: September 12, 2019, 1:51 pm
The company has also received FDA clearance for its smartphone-based chronic kidney disease diagnostic test.
Posted: September 12, 2019, 11:07 am
El Al's punctuality was ranked 39 among 42 airlines in August and 41 among 43 airlines in July, Flightstats reports.
Posted: September 12, 2019, 10:21 am
The Israeli company will use the new funds to offer a better, faster open source alternative to Amazon DynamoDB.
Posted: September 12, 2019, 8:54 am
Amazon has signed an agreement with the Israeli bank, which will offer a $30 discount for customers purchasing more than $90 on the website.
Posted: September 12, 2019, 6:48 am
Mayor Einat Kalisch-Rotem has unveiled her vision of doubling the city's population without blighting the view from Mount Carmel.
Posted: September 12, 2019, 6:12 am
Explorium CEO: We are doing for machine learning data what search engines did for the web.
Posted: September 11, 2019, 5:41 pm
Redefine Meat is developing plant-based animal-free meat using proprietary industrial 3D printers.
Posted: September 11, 2019, 5:32 pm
The basic iPhone 11 has a 6.1 inch screen, two cameras, a longer life battery and an emphasis on facial recognition technology.
Posted: September 11, 2019, 3:44 pm
The service will be launched initially through Apple TV, and an Android solution will be launched in the second stage.
Posted: September 11, 2019, 1:18 pm
The Israeli currency is firmly back in the NIS 3.50-3.60/$ range where it has been trading for most of 2019.
Posted: September 11, 2019, 1:03 pm
Elbit's expanded DOMINATOR warrior combat suite includes four devices that integrate seamlessly with radio systems and Battle Management Systems.
Posted: September 11, 2019, 12:02 pm
The Israeli company has developed a software solution that enables enterprises to digitize their field assets and operations using autonomous drone hives.
Posted: September 11, 2019, 10:38 am
When it is completed in 2025, it will mark the completion of a railway ring around the greater Tel Aviv area.
Posted: September 11, 2019, 10:30 am
With offices in Boston and Tel Aviv, Cheetah provides non-invasive fluid management monitoring technologies.
Posted: September 11, 2019, 9:57 am
Gett: In Britain and Israel, Gett is the first company in the ride hailing sector that is moving to profitability.
Posted: September 11, 2019, 9:55 am
The startup's voice-based AI conversational technology will be used in drive-thru restaurants.
Posted: September 10, 2019, 7:22 pm
In the coming weeks, 8,300 employees of two major companies will visit Israel - double the number of Eurovision Song Contest tourists.
Posted: September 10, 2019, 6:34 pm
Kovrr is pioneering the use of AI to transparently predict and price cyber risk.
Posted: September 10, 2019, 5:56 pm
Elbit Systems UK Ltd. will supply comprehensive joint fires simulation training (JFST) artillery systems to the UK's Ministry of Defense.
Posted: September 10, 2019, 5:32 pm
TIPA CEO: We founded TIPA with the vision of offering sustainable packaging solutions that break down and return to nature.
Posted: September 10, 2019, 3:27 pm
The Israeli company's system protects the full application lifecycle from code to deployed application.
Posted: September 10, 2019, 2:45 pm
Outgoing EVP Communications Iris Beck-Codner's department will be merged into Human Resources under EVP Mark Sabag.
Posted: September 10, 2019, 2:00 pm
Beck-Codner is one of the highest-ranking Israeli executives at Teva Pharmaceuticals.
Posted: September 10, 2019, 1:43 pm
The company expects extra annual revenue of $110 million from the expanded capacity at its Dead Sea plant.
Posted: September 10, 2019, 12:23 pm
The Israel Aerospace Industries board has approved a dividend of NIS 140 million, following improved second quarter results.
Posted: September 10, 2019, 11:06 am
According to a report in "The Financial Times", WeWork's largest investor has put the company's flotation in doubt.
Posted: September 10, 2019, 10:47 am
Star, in which Yitzhak Tshuva and Yakir Gabay own equal shares, is active in income-producing residential real estate in the southern US.
Posted: September 10, 2019, 10:39 am
Porat Hotel Management, which bought the Rimonim brand name, is paying NIS 17 million for the Nahariya hotel.
Posted: September 9, 2019, 6:41 pm
The move was necessary to enable the Schneidman family's Zur Shamir Holdings to comply with the Concentration Law.
Posted: September 9, 2019, 6:12 pm
The digital advertising company yesterday reported a non-binding offer and said that it would enable it to repay its bondholders.
Posted: September 9, 2019, 5:13 pm
Vim empowers providers with actionable insights to ensure patients get the best care for their needs, and guides patients to top doctors in virtual networks.
Posted: September 9, 2019, 5:04 pm
The Tel Aviv-based company powers visual search for some of the world’s largest e-commerce companies.
Posted: September 9, 2019, 4:28 pm
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