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News - Globes

Israel's Business Arena

The French biotech group has acquired 80% of the company based at Kibbutz Ketura near Eilat.
Posted: May 22, 2019, 9:47 pm
The website offers hotel rooms for a few hours at a time at reduced prices for a 'quiet place to work and meet during the day.'
Posted: May 22, 2019, 9:09 pm
Making drones started out as a hobby for Percepto's founders when they found that no one else made good enough drones.
Posted: May 22, 2019, 6:46 pm
The Tel Aviv-based company will use the funds to promote its efforts to accelerate cyber threat response and fight cybercrime.
Posted: May 22, 2019, 5:04 pm
Net profit rose 42% to NIS 369 million in the first quarter of 2019.
Posted: May 22, 2019, 4:14 pm
VOOM will ensure that users of mobility platforms including electric scooters and bikes can grab insurance on-the-go from their mobile devices whether they ride, fly, or sail.
Posted: May 22, 2019, 3:57 pm
Municipal property taxes, water rates, and dairy and bread prices are all set to rise.
Posted: May 22, 2019, 3:21 pm
Controlling shareholder Teddy Sagi will receive $570 million for his stake in the Israeli payment solutions company.
Posted: May 22, 2019, 3:15 pm
Ceragon will pay NIS 5 million a year for 6,000 square meters, with two five-year extension options.
Posted: May 22, 2019, 1:35 pm
"We truly believe that if the product has an impact on people's lives, the money is bound to come."
Posted: May 22, 2019, 12:47 pm
Excellence Nessuah Investments: The shekel will rebound if the Bank of Israel does not act.
Posted: May 22, 2019, 11:18 am
Bank of Israel: For the year to date, the shekel has strengthened by 6%.
Posted: May 22, 2019, 11:01 am
In 2018, 22,000 homes in Israel were advertised on Airbnb with the average host earning over NIS 10,000 over the year.
Posted: May 22, 2019, 10:47 am
Profitect has developed a product that can track and identify inventory losses in stores.
Posted: May 22, 2019, 10:05 am
The Equital ownership pyramid, which has three layers, is legally required to be reduced to two layers by the end of the year.
Posted: May 21, 2019, 8:07 pm
Torii CEO: In the near future, people will not need to manage software - it will be software that manages software.
Posted: May 21, 2019, 7:40 pm
The workers in the Yeruham plant will also receive bonuses and pay hikes under the agreement signed with Perrigo's management.
Posted: May 21, 2019, 6:37 pm
The OECD lowered the 3.5% forecast for Israel's economic growth to 3.1% and warns that essential measures such as tax hikes should be introduced.
Posted: May 21, 2019, 5:42 pm
Haifa based vehicle inspection company Ravin.ai has raised $4 million in seed funding.
Posted: May 21, 2019, 4:59 pm
The NIS 80 million renovations took eight months to complete.
Posted: May 21, 2019, 4:31 pm
The funds will enable the company to maintain its current momentum and continue to disrupt the broader firewall and data center markets.
Posted: May 21, 2019, 4:06 pm
Leumi Partners and Phoenix have each acquired 20% stakes and the Livnat brothers, who owned the other 50%, have increased their stake to 60%.
Posted: May 21, 2019, 3:05 pm
Based in Ramat Gan, the Israeli company has developed artificial intelligence technology for eliminating malfunctions in the connected home.
Posted: May 21, 2019, 3:01 pm
Arab graduates of Israeli universities are esteemed as professionals in the Arab world, and a window for their employment is now being opened in Saudi Arabia.
Posted: May 21, 2019, 1:33 pm
Happify combines digital therapeutics with drug treatment.
Posted: May 21, 2019, 12:42 pm
The Central District Court accepted the Israel Tax Authority's position that Bitcoin is an asset, not a currency, making profits on its sale liable to capital gains tax.
Posted: May 21, 2019, 12:23 pm
Prime Minister Benjamin Netanyahu's lawyers claim they need the time to study the materials in the cases against him. Attorney General Avichai Mandelblit is expected to refuse the request.
Posted: May 21, 2019, 10:45 am
BioProtect's product protects healthy tissue from radiation during cancer treatment.
Posted: May 20, 2019, 10:51 pm
The test provides a new dimension of genetic insight with comprehensive health reports that can empower future health and lifestyle choices.
Posted: May 20, 2019, 9:54 pm
A spokesperson for President Trump's son-in-law and senior advisor has told "Globes" that through economic vision, the main political issues can be solved.
Posted: May 20, 2019, 6:52 pm
The bond trustees will instruct the Africa-Israel board of directors to sell the company's holdings in the highway's operator for NIS 182 million.
Posted: May 20, 2019, 6:25 pm
The Yafoit minibus service will begin operating on Friday, using minibuses at a frequency of every 10 minutes.
Posted: May 20, 2019, 6:17 pm
The Israeli retail fashion chain already operates its own sales website but is looking to expand online revenue by using Amazon's platform.
Posted: May 20, 2019, 5:56 pm
Work is scheduled to begin at the start of 2020 and will include digging a 4.6 kilometer tunnel and building three underground stations.
Posted: May 20, 2019, 4:51 pm
Mizrahi Tefahot Bank is not distributing a dividend, but expects to distribute one next quarter.
Posted: May 20, 2019, 4:35 pm
The Bank of Israel Monetary Committee has left the June interest rate unchanged at 0.25%.
Posted: May 20, 2019, 4:18 pm
Siemplify will use these funds for expanding its marketing operations and further developing its security orchestration, automation and response (SOAR) platform.
Posted: May 20, 2019, 3:24 pm
Although its revenue dipped 3%, Strauss improved its gross and operating profit margins.
Posted: May 20, 2019, 1:56 pm
In the footsteps of Decathlon, Intersport is in talks to open sports goods stores in Azrieli Group's malls in Israel.
Posted: May 20, 2019, 1:08 pm
Deputy Minister of Health Yaakov Litzman announced that a license would no longer be required to use cannabis for certain indications.
Posted: May 20, 2019, 11:16 am
The life sciences venture capital fund could become the controlling shareholder in universal flu vaccine developer Biondvax after the company's rights issue.
Posted: May 20, 2019, 10:26 am
A 1.6-kilometer electrified road will be built in the project as part of a 4.1-kilometer highway between the airport and Visby on the island of Gotland.
Posted: May 20, 2019, 9:31 am
20 people have been killed and 70 injured in building site accidents in Israel since the start of the year.
Posted: May 20, 2019, 6:31 am
The Israeli company has developed two products: a heart diagnostic device connected to a smartphone and a sticker for monitoring patients in hospital beds
Posted: May 19, 2019, 5:07 pm
A selection of recent real estate deals in Israel including in Netanya, Bat Yam, Ashdod and Harish.
Posted: May 19, 2019, 1:33 pm
The acquisition of Tel Aviv-based Gefen Team will push forward Wix's vision of becoming one of the world's top and best-loved brands.
Posted: May 19, 2019, 12:45 pm
The new agreement under the EU's Horizon 2020 program makes $600 million credit available to Israeli technology companies and companies investing in innovation.
Posted: May 19, 2019, 12:05 pm
S&P Global is not changing its rating for Teva's debt at present.
Posted: May 19, 2019, 11:22 am
45% of Israeli households watched the explanation of the voting method. The much anticipated performance by Madonna reached a rating of just 34.3%.
Posted: May 19, 2019, 10:27 am
The Indian Navy said that it had, "achieved a significant milestone in enhancing its anti-air warfare capability."
Posted: May 17, 2019, 6:34 pm
A public prospectus filed in advance of a Wall Street IPO shows the freelancer platform growing rapidly but still not profitable.
Posted: May 16, 2019, 8:09 pm
Alstom cites differences of opinion with its Dan and Electra, its consortium partners.
Posted: May 16, 2019, 7:57 pm
HSBC estimates Teva will face a $3 billion fine and has cut the Israeli pharmaceutical company's share target price to $10.
Posted: May 16, 2019, 7:42 pm
One hour of parking in the Azrieli Center parking lot will cost NIS 16 instead of NIS 15.
Posted: May 16, 2019, 7:05 pm
The Israeli startup's 3D solutions need only one sensor.
Posted: May 16, 2019, 7:03 pm
Novalpina Capital, which controls Israeli surveillance software company NSO, has told Amnesty International it will ensure that NSO's technology "is used for the purpose for which it is intended."
Posted: May 16, 2019, 6:05 pm
Revenue and earnings per share rose 12% and 58% respectively in the first quarter.
Posted: May 16, 2019, 6:04 pm
The Israeli website builder company reported its first-ever non-GAAP net profit in the first quarter, but fell short of market estimates.
Posted: May 16, 2019, 6:03 pm
With 43 million shares in the Israeli pharmaceutical company, Berkshire Hathaway has lost $283 million on its Teva stake this year.
Posted: May 16, 2019, 2:43 pm
Economic growth was boosted by an exceptionally large rise in vehicle imports, the Central Bureau of Statistics reports.
Posted: May 16, 2019, 1:55 pm
The bank's credit portfolio rose 3.3% to NIS 170 billion.
Posted: May 16, 2019, 1:54 pm
Aaron Institute for Economic Policy researchers predict that the proportion will rise from 9% at present to 15% by 2030.
Posted: May 16, 2019, 12:34 pm
The German manufacturer will produce final end-use rail parts, as well as manufacturing tools and prototypes for trains and trams.
Posted: May 16, 2019, 11:32 am
Israeli startup Hailo Technologies strong, cheap, versatile, and energy-saving AI processors empower autonomous cars, security cameras, drones, AR/VR platforms and other devices.
Posted: May 16, 2019, 9:16 am
The brand is launching a mobile phone sales app today and an ecommerce website tomorrow.
Posted: May 15, 2019, 9:24 pm
Inflation was 1.3% in the past 12 months, while due to the latest rise housing prices rose 0.5% in the past 12 months, Israel's Central Bureau of Statistics reports.
Posted: May 15, 2019, 6:40 pm
JVP chairman Erel Margalit: Israel can become a global food-tech leader.
Posted: May 15, 2019, 5:43 pm
Business class passengers on the new Airbus A350-1000 airliners will have personal suites with sliding doors.
Posted: May 15, 2019, 3:05 pm
The Israeli chipmaker beat analysts' estimates on revenue and profit.
Posted: May 15, 2019, 2:02 pm
With inflation on the rise, the Bank of Israel could raise the interest rate next Monday.
Posted: May 15, 2019, 11:11 am
Non-GAAP net profit was $147 million ($1.06 per share) in the second fiscal quarter, up from $137.4 million ($0.95 per share) in the corresponding quarter of fiscal 2018.
Posted: May 15, 2019, 9:51 am
The IKEA Israel controlling shareholder is selling his Manhattan home and is expected to move to Israel.
Posted: May 15, 2019, 7:14 am
The Israeli business intelligence company will have over 700 employees and 2,000 customers after the merger.
Posted: May 15, 2019, 7:13 am
First quarter revenue grew 34% to $96 million, $3.5 million more than the forecasts.
Posted: May 14, 2019, 7:45 pm
A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Bat Yam and Kiryat Tivon.
Posted: May 14, 2019, 7:35 pm
European and North American railway manufacturers Bombardier, Siemens, and Alstom got cold feet on the project, which crosses through East Jerusalem.
Posted: May 14, 2019, 7:09 pm
The luxury housing market in Tel Aviv's southern neighbor has been growing in leaps and bounds.
Posted: May 14, 2019, 4:54 pm
Ashdod-based Aleph Farms' has developed a unique non-GMO technology, which enabled it to unveil the world's first cell-grown steak.
Posted: May 14, 2019, 3:47 pm
The Tel Aviv lot is zoned for construction of a building with 10 apartments and a commercial façade.
Posted: May 14, 2019, 3:15 pm
The number of new housing units sold since the low point reached in March 2018 has been upwards, the Central Bureau of Statistics reports.
Posted: May 14, 2019, 2:25 pm
According to a report in "The Financial Times", the Israeli company's spyware was installed on telephones via a WhatsApp voice call, whether or not the user answered it.
Posted: May 14, 2019, 1:02 pm
A judge in Oklahoma rejected an attempt by Teva and Johnson & Johnson to have charges against them dismissed.
Posted: May 14, 2019, 12:58 pm
A revised proposal by Searchlight Capital Partners is being put to the bondholders in Bezeq's parent company B Communications today.
Posted: May 14, 2019, 12:57 pm
Strategic investors in the data storage for AI company include Nvidia, Qualcomm and HP.
Posted: May 14, 2019, 12:23 pm
Israeli company Gett's strategy differs from that of its US counterparts, but that might not impress investors.
Posted: May 14, 2019, 10:08 am
The acquisition will add deep user analytics to ServiceNow's Now Platform and extend teh company's footprint in Israel.
Posted: May 13, 2019, 7:28 pm
The investment is in stock exchange shell Herodium, into which cannabis company Panaxia Israel will be merged.
Posted: May 13, 2019, 6:55 pm
Check Cap's C-Scan system is an ingestible capsule for the detection of precancerous polyps.
Posted: May 13, 2019, 4:35 pm
Companies managing large buildings need a solution for hundreds of bicycles.
Posted: May 13, 2019, 3:43 pm
The upgrade is designed to head off competition from Partner and Cellcom, which are taking market share.
Posted: May 13, 2019, 3:01 pm
The purchase price for the San Francisco-based low-code platform company is estimated at $15-20 million.
Posted: May 13, 2019, 11:45 am
A new ordinance sets time limits for issuing permits and regulates quantities allowed.
Posted: May 13, 2019, 10:52 am

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