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News - Globes

Israel's Business Arena

Israeli drug discovery company Compugen is conducting three cancer treatment trials this year, two of them with Bristol-Myers Squibb.
Posted: February 20, 2020, 8:14 pm
The Bank of Israel Monetary Committee meets next Monday to decide on the interest rate and 50% of analysts see the bank cutting the rate from 0.25% to 0.1%.
Posted: February 20, 2020, 7:54 pm
Dan Harel announced his immediate resignation following rejection of his proposal to end the contract with Spanish company SEMI in the chronically delayed NIS 12 billion electrification project.
Posted: February 20, 2020, 7:32 pm
The investigation concerns falsification of water quality tests.
Posted: February 20, 2020, 7:07 pm
The new plan emphasizes urban renewal, preservation of the city's character, and pedestrians.
Posted: February 20, 2020, 6:50 pm
The Berlin municipality coalition partners have decided against allocating money to the BerlKoenig project, according to local media reports. Via: The matter is still under discussion.
Posted: February 20, 2020, 6:14 pm
The Israeli solar energy company has seen its market cap break through the $6 billion barrier.
Posted: February 20, 2020, 3:17 pm
Actiview today announced the completion of a Series A financing round led by Teddy Sagi Group.
Posted: February 20, 2020, 2:00 pm
Blue & White leader Benny Gantz said, "I knew it would come, because there is political pressure on the State Attorney's Office to do something."
Posted: February 20, 2020, 11:44 am
Inomec will become Integer's Israel development and sales center.
Posted: February 20, 2020, 10:31 am
The Israeli DIY website company sees collections exceeding $1 billion in 2020, compared with $832.5 million in 2019.
Posted: February 20, 2020, 9:21 am
The Israeli defense electronics company has now won over $1 billion in contracts this year.
Posted: February 20, 2020, 8:26 am
Cellcom has come to the conclusion that it has much to learn from Golan Telecom.
Posted: February 20, 2020, 6:52 am
Fiverr's guidance for 2020 is higher for revenue and lower for net loss than the market forecasts.
Posted: February 19, 2020, 9:18 pm
Kare Schultz told Teva's annual press conference that streamlining and optimization won't be enough to get the company back to substantial growth.
Posted: February 19, 2020, 9:07 pm
The price at which the company is being sold is 97% lower than the price at which trading in the share began in 2007.
Posted: February 19, 2020, 8:54 pm
The investment from fueling technology company GVR will enable Driivz to expand EV charging solutions for forecourts and fleet applications.
Posted: February 19, 2020, 4:07 pm
The Hong Kong airline has suspended flights between Tel Aviv and Hong Kong between February 24 and March 31 due to the coronavirus outbreak.
Posted: February 19, 2020, 3:50 pm
Israel Postal Company is expanding its cooperation with retailers.
Posted: February 19, 2020, 3:38 pm
The New Zealand farming cooperative is buying the stake in the dairy farm systems company from Kibbutz Afikim and Fortissimo.
Posted: February 19, 2020, 3:20 pm
Global life science investment group Ally Bridge Group has invested $70 million in two Israeli companies.
Posted: February 19, 2020, 3:03 pm
The $10 million acquisition price could rise as high as $34.3 million, depending on performance.
Posted: February 19, 2020, 2:46 pm
The Rehovot-based company is leveraging its proprietary Selective T cell Redirection (STR) platform to develop targeted anticancer immunotherapies.
Posted: February 19, 2020, 2:14 pm
Fresher is the fourth CEO of a major Israeli bank to resign in the past year.
Posted: February 19, 2020, 1:33 pm
The Israeli carrier, which last operated flights from London Stansted in 2009, will launch a five-times a week service starting June 28.
Posted: February 19, 2020, 12:48 pm
The level of the lake has been rising an average of 2 centimeters per day so that the lake is likely to be full by the end of April, if not before.
Posted: February 19, 2020, 12:18 pm
The acquisition of Growers Holdings is part of Israel Chemicals strategy of enhancing its digital services.
Posted: February 19, 2020, 11:59 am
Startups try to speed-up the POC process without thinking about issues for investors such as, exclusivity and IP," Adv. Guy Lachmann told a startup conference in Tel Aviv.
Posted: February 19, 2020, 11:07 am
The Israeli company's non-GMO technology optimizes seed functionality to increase plant yield, higher nutritional value, disease resistance and more.
Posted: February 19, 2020, 10:50 am
Insight Partners led the financing round at a company valuation of more than $1 billion.
Posted: February 19, 2020, 8:21 am
The merger will make Cellcom, Israel's largest mobile phone operator with 3.4 million subscribers.
Posted: February 19, 2020, 8:03 am
The trial will begin on March 17, but hearing of evidence in the case will begin only six months from now.
Posted: February 18, 2020, 7:05 pm
Minister of Transport Bezalel Smotrich: If the state wants to preserve its civil aviation, it has to help.
Posted: February 18, 2020, 6:02 pm
The hearing would be before the same prosecutor who dismissed Elovitch's claims in a different Bezeq case.
Posted: February 18, 2020, 5:32 pm
Terms have been agreed between the two mobile phone companies. The merger will make Cellcom Israel's biggest mobile phone operator.
Posted: February 18, 2020, 4:12 pm
The Israel Innovation Authority has granted GE NIS 50 million to expand its Rehovot center.
Posted: February 18, 2020, 3:50 pm
Despite the possibility of a rate cut from 0.25% to 0.1%, the shekel continues to appreciate.
Posted: February 18, 2020, 3:18 pm
The company eliminates expensive, bulky, on-tag sensors, by shifting the analytics to a cloud system that can learn and improve over time.
Posted: February 18, 2020, 2:17 pm
Bids were filed despite disputes and tensions involving communication market mergers.
Posted: February 18, 2020, 2:02 pm
Fourth quarter 2019 quarter revenue and profit fell short of the analysts' consensus.
Posted: February 18, 2020, 12:45 pm
The blacklist contains 321 companies of which 112 have direct relations with Jewish settlements in Judea and Samaria.
Posted: February 18, 2020, 11:28 am
Strauss Group's 3C joint venture will pay NIS 167 million for Mitsui Alimentos Ltda.
Posted: February 18, 2020, 11:27 am
Israel's third election campaign in a year is moribund, and a unity government remains the only way out of the political deadlock.
Posted: February 18, 2020, 10:30 am
The fund will invest in early-stage Israeli deep technology companies.
Posted: February 18, 2020, 10:00 am
Leader Capital Markets macroeconomist Yonatan Katz: Annual inflation has fallen to 0.3% and is expected to continue falling, increasing the likelihood of an interest rate cut.
Posted: February 17, 2020, 7:26 pm
The Northern District Planning and Building Committee has adopt the policy document for developing the city over the next 20 years.
Posted: February 17, 2020, 7:23 pm
It is not clear whether the supermarket chain's finance deal with Klirmark Capital will go ahead, and suppliers are becoming anxious.
Posted: February 17, 2020, 6:49 pm
Gonen Usishkin says all airlines are in crisis over the coronavirus and El Al may have to make painful decisions.
Posted: February 17, 2020, 6:13 pm
LAYAM has invested NIS 1.5 million in renovating and enhancing its new duty free store in Ben Gurion airport's Terminal 3.
Posted: February 17, 2020, 6:10 pm
ElectReon is now gearing up for dynamic operation of its vehicle charging system on a public road in Sweden.
Posted: February 17, 2020, 4:56 pm
There were 261 major investment deals in Israel in 2019 compared with 252 in 2018, reports Grant Thornton Israel (Fahn Kanne).
Posted: February 17, 2020, 3:01 pm
The Ministry of Energy expects a major jump in gas revenues in 2020 as the Leviathan field has begun producing gas.
Posted: February 17, 2020, 2:28 pm
Figures newly published by the Central Bureau of Statistics show wide variations between different cities in Israel and different apartment types.
Posted: February 17, 2020, 12:54 pm
Insurance and finance group Harel bought 4.5% of the real estate company from the Prashkovsky family.
Posted: February 17, 2020, 11:19 am
CData: Our inventory of phones has almost run out.
Posted: February 16, 2020, 10:24 pm
The Israel Tax Authority wants tough measures in the war on fictitious invoices and unreported capital.
Posted: February 16, 2020, 10:16 pm
Israel's Consumer Price Index fell by 0.4% in January. Home prices have also fallen slightly.
Posted: February 16, 2020, 10:13 pm
Mobile telephony company Golan Telecom is in the midst of negotiations on an acquisition by Cellcom.
Posted: February 16, 2020, 8:34 pm
A court ordered Teva to restore the Copaxone rights for treatment of diseases other than multiple sclerosis to Proneuron, but the patent has expired, rendering the rights useless.
Posted: February 16, 2020, 8:24 pm
Residents of Jewish settlements in Judea and Samaria receive free shipping on purchases over $49 but West Bank Palestinians do not, the Financial Times reports.
Posted: February 16, 2020, 6:44 pm
A selection of recent real estate deals in Israel including in Tel Aviv, Rishon Lezion, Hod Hasharon, Yavne, Kiryat Malachi and Kidron.
Posted: February 16, 2020, 5:31 pm
The investment is through BGI Investments, controlled by Rami Levy and Shalom Haim.
Posted: February 16, 2020, 4:22 pm
Michal Braverman-Blumenstyk is the first woman in the role. The Israel Development Center is a major force in cybersecurity and AI within Microsoft.
Posted: February 16, 2020, 3:19 pm
Israel's economy grew at 4.6% in the fourth quarter, higher than expected, because imports of hybrid cars were brought forward ahead of a 2020 tax hike.
Posted: February 16, 2020, 2:33 pm
The Israeli freelance platform's new product will enable small businesses to create a new logo in seconds.
Posted: February 16, 2020, 1:55 pm
EquityBee, which has enabled hundreds of Israeli startup employees to exercise their stock options, is now launching in the US.
Posted: February 16, 2020, 1:49 pm
The acquisition of Golan Telecom by Cellcom would preempt a merger between Hot and Partner.
Posted: February 16, 2020, 1:03 pm
However, Berkshire Hathaway still has a loss on paper on its investment in Teva of about $230 million.
Posted: February 16, 2020, 12:46 pm
Gild was the founder of Better Cannabis, one of the pioneers of cannabis cultivation in Israel.
Posted: February 16, 2020, 12:10 pm
Lieut. Gen. Aviv Kochavi announced the Tnufa plan, even though there is no government to approve it and budget discussions with the Ministry of Finance have not yet begun.
Posted: February 13, 2020, 9:23 pm
The Ministry of National Infrastructures, Energy and Water Resources alleges a fault in a pipeline, but operator Noble Energy says no fault exists.
Posted: February 13, 2020, 9:16 pm
Nice CEO Barak Eilam: We are in a very strong competitive position to capitalize on the changes taking place in our markets.
Posted: February 13, 2020, 7:42 pm
A consortium of investors led by the Value Base investment house and the LBH Infrastructure fund has acquired 40% of the Dan transport group for NIS 450 million.
Posted: February 13, 2020, 6:22 pm
Sharon was responsible for Electra Consumer Products' 2017 acquisition of Golan Telecom, and received 10% of Golan Telecom's shares in the deal.
Posted: February 13, 2020, 6:10 pm
Lyve Labs will scout for Israeli technologies and form partnerships with local businesses.
Posted: February 13, 2020, 4:28 pm
Even though office rents are cheaper elsewhere, young people want to work only in Tel Aviv, thus fueling rent rises.
Posted: February 13, 2020, 3:58 pm
32,456 new homes were sold in 2019 as mortgage taking reached an all-time high.
Posted: February 13, 2020, 3:49 pm
Over the last 12 months, ElliQ, the social companion robot that aims to reduce loneliness and social isolation, has spent over 10,000 days in older adults' homes.
Posted: February 13, 2020, 3:36 pm
Market analysts believe there is a 50-50 chance of a rate cut this month.
Posted: February 13, 2020, 1:28 pm
Andrew Abir slams the Bank of Israel's critics on foreign currency intervention for not understanding the market and the bank's tools.
Posted: February 13, 2020, 12:59 pm
The company's Dead Sea plant was shut down for a month, affecting production, while Chinese orders have been delayed.
Posted: February 13, 2020, 11:04 am
Eli Kalif tells "Globes" that growth will be enhanced by streamlining factories rather than more closures and selloffs.
Posted: February 13, 2020, 10:51 am
The Israeli carrier is also extending the suspension of Tel Aviv – Beijing flights until April 24, but Tokyo flights will go ahead as planned.
Posted: February 13, 2020, 8:42 am
Bookings are down and cancellations are up as tourism slumps. Hoteliers are hoping that Israelis reluctant to travel abroad will pick up the slack.
Posted: February 12, 2020, 9:16 pm
The Red Line concession is being bought back from CityPass for NIS 1.6 billion and will be transferred to Green Line builder and operator JNET.
Posted: February 12, 2020, 6:13 pm
A laser cannon capable of destroying drones and UAVS at a distance of kilometers has been added to the system's already proven ability to disrupt communications.
Posted: February 12, 2020, 5:49 pm
The US private equity giant needs a 30% stake to have a controlling core in the Israeli credit card company.
Posted: February 12, 2020, 4:54 pm
The Israeli company helps large enterprises accelerate their implementation of hybrid cloud and reduce the cost and complexity of their mainframe infrastructure.
Posted: February 12, 2020, 4:08 pm
The Israeli pharmaceutical company sees higher revenue and profit in 2020.
Posted: February 12, 2020, 4:07 pm
Deep Instinct CEO: Current solutions based on ‘assume breach’ are simply insufficient for the highly sophisticated attack landscape.
Posted: February 12, 2020, 3:42 pm
Convexum's technology offers perimeter protection by keeping malicious drones out of sensitive air space.
Posted: February 12, 2020, 2:49 pm
Prices of flights under the Anadolu Jet low-cost brand will be 10% lower than regular Turkish Airlines flights.
Posted: February 12, 2020, 12:57 pm
Air Products & Chemicals is acquiring Israel's largest manufacturer of industrial gases.
Posted: February 12, 2020, 10:23 am

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