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News - Globes

Israel's Business Arena

DLA Piper partner Danny Tobey, Tamar Tavory of Yigal Arnon & Co., and Igentify CEO Doron Behar came together in a webinar to discuss trends and opportunities in the health tech market.
Posted: September 21, 2020, 5:02 pm
The coils beneath the 600 meter road at Tel Aviv University will recharge Dan's electric buses.
Posted: September 21, 2020, 4:36 pm
According to the lawsuit, Moshe Hogeg and his former partners ran a sophisticated sting operation.
Posted: September 21, 2020, 3:59 pm
Shlomi Fogel said one of the options discussed was the possibility of the companies that the fund invests in, establishing production plants in one of the UAE's free trade zones.
Posted: September 21, 2020, 3:50 pm
The model's mother Tzipi Refaeli also begins a 9-mnth prison sentence for concealing some of their income worth tens of millions of shekels.
Posted: September 21, 2020, 3:34 pm
In the most expensive ever residential real estate deal in Israel, Sheldon Adelson will pay over NIS 250 million as well as NIS 20 million purchase tax.
Posted: September 21, 2020, 2:46 pm
A selection of recent real estate deals in Jerusalem, Tel Aviv, Ramat Gan, Ramat Hasharon, Herzliya, Netanya, Ashdod and Beersheva.
Posted: September 21, 2020, 2:36 pm
The bondholders hold a lien on 70% of Discount Investment, Eduardo Elsztain's main Israeli investment vehicle, and now seek immediate repayment.
Posted: September 21, 2020, 11:31 am
The bondholders rejected out of hand Eduardo Elsztain's debt settlement proposal.
Posted: September 21, 2020, 11:12 am
Fewer tests have been carried out in Israel because of the Rosh Hashanah holiday, but the proportion of positive results is high.
Posted: September 21, 2020, 10:58 am
President Donald Trump: At least five or six more Arab countries will soon sign peace agreements with Israel.
Posted: September 17, 2020, 8:56 pm
Sources say disagreements have broken out within the Rami Levy-Lahav LR consortium negotiating to buy the fuel station chain.
Posted: September 17, 2020, 6:31 pm
Parent company ION Asset Management has $1.5 billion under management in its hedge fund.
Posted: September 17, 2020, 5:17 pm
The airline's management, workers committee and Histadrut agreed to cut nearly 25% of the workforce.
Posted: September 17, 2020, 5:17 pm
The agreement marks an expansion of the retail activities of Fox controlling shareholder Harel Wizel who has previously focused on fashion and clothing.
Posted: September 17, 2020, 5:17 pm
The US activist short-seller researcher says that the Israeli company, currently worth $1.7 billion on Nasdaq, says Nanox has invented fake customers and is a 'stock promotion' on the way to zero.
Posted: September 17, 2020, 5:16 pm
The Tel Aviv-based company has developed a cloud-based, clientless secure access service edge technology that delivers secure remote access.
Posted: September 17, 2020, 5:16 pm
Wix Capital has already invested $5.6 million in seed rounds and early stage investments for startups.
Posted: September 17, 2020, 5:15 pm
Rozenberg's Kanfei Nesharim company, which now has a 42.85% stake in the airline, says it will emphasize punctuality and improved service.
Posted: September 17, 2020, 5:13 pm
The dollar is stronger on world forex markets after US Fed chair Jerome Powell spoke of more fiscal support and presented improved forecasts.
Posted: September 17, 2020, 5:13 pm
The airline will begin operating scheduled flights from Tel Aviv to New York, London and Paris on October 12.
Posted: September 17, 2020, 5:12 pm
Ahead of the launch of Tel Aviv - Dubai flights, Emirates Flight Catering has through a partnership set up a dedicated kosher food production facility in the UAE.
Posted: September 17, 2020, 2:28 pm
Five consortia have bid in NTA's NIS 15 billion tender to build and operate the Green and Purple Lines.
Posted: September 17, 2020, 1:33 pm
CNBC pundit Jim Cramer said JFrog is a terrific company with a great story but insists the share price is 'exorbitant' and gives him vertigo.
Posted: September 17, 2020, 10:34 am
The man that parent company Knafaim least wanted to see in charge of the airline is on the way to buying a controlling stake.
Posted: September 16, 2020, 10:35 pm
Exporting oil to Europe via an Israeli land pipeline would help the Gulf states bypass the dangerous and costly Straits of Hormuz and Suez Canal shipping routes.
Posted: September 16, 2020, 7:09 pm
Phytolon develops innovative technology for producing natural, quality and inexpensive plant-based food coloring.
Posted: September 16, 2020, 6:15 pm
Both firms have an international reach and serve a wide range of corporate and private clients.
Posted: September 16, 2020, 5:08 pm
Aidoc’s comprehensive suite of AI solutions for radiology includes six FDA-cleared products for flagging acute abnormalities directly in the radiology workflow.
Posted: September 16, 2020, 5:07 pm
The tech investor fondly recalls that he was the Wharton School's first and last student from the Soviet Union.
Posted: September 16, 2020, 3:32 pm
The shekel is fighting back after strongly losing ground from NIS 3.353/$ to NIS 3.438/$ in the first 11 days of September.
Posted: September 16, 2020, 2:03 pm
Israeli automated software updating company JFrog is raising $352 million on Nasdaq.
Posted: September 16, 2020, 12:30 pm
The Israeli automatic software updating company plans holding its initial public offering on Nasdaq on Wednesday.
Posted: September 16, 2020, 12:26 pm
Eli Rozenberg has said he will buy shares worth $101 million, which would give him control of the airline.
Posted: September 15, 2020, 10:54 pm
The exponential growth in new cases comes 72 hours before Israel goes into a three-week lockdown on Friday at 2pm.
Posted: September 15, 2020, 10:53 pm
The Consumer Price Index has fallen 0.8% over the past 12 months, while in contrast housing prices have risen 2.9% in the past year.
Posted: September 15, 2020, 6:59 pm
Varada is set to launch its data virtualization platform for accelerating big data workloads while optimizing control over performance and cost.
Posted: September 15, 2020, 6:37 pm
Medigate will use the funds to further its vision of becoming healthcare’s security and clinical analytics company.
Posted: September 15, 2020, 5:46 pm
Industry sources see the two companies making a joint bid in the privatization of the old Haifa Port.
Posted: September 15, 2020, 5:28 pm
The venture capital fund will invest in early stage enterprise software startups.
Posted: September 15, 2020, 5:00 pm
The Israeli cybersecurity company has benefitted from the shift online during the Covid-19 pandemic.
Posted: September 15, 2020, 3:07 pm
Team8 will leverage its company-building methodology and expertise across data, AI, cybersecurity and privacy for the new fintech foundry.
Posted: September 15, 2020, 1:36 pm
The price for the content and commercial website is estimated at NIS 60 million.
Posted: September 15, 2020, 1:02 pm
Gurvitz said he was ending his bid because of the Ministry of Finance's refusal to let El Al make a private placement.
Posted: September 15, 2020, 11:41 am
Passengers leaving Israel will need to arrive at the airport with a valid ticket four hours before the flight.
Posted: September 14, 2020, 7:08 pm
Levy and Lahav Real Estate are close to acquiring a 70% stake in Delek Israel for NIS 525 million.
Posted: September 14, 2020, 6:29 pm
High demand in the Israeli retail discount chain's IPO pushed the company's valuation up to NIS 1.7 billion.
Posted: September 14, 2020, 5:31 pm
There were 9,445 building starts of home in Israel in the second quarter of 2020, the Central Bureau of Statistics reports.
Posted: September 14, 2020, 4:04 pm
The Israeli software company's founders will sell shares for about $50 million.
Posted: September 14, 2020, 4:00 pm
Cyclone will manufacture assemblies for the forward equipment bays of the Lockheed Martin stealth jets.
Posted: September 14, 2020, 2:55 pm
The delegation led by Bank Leumi chairman Samer Haj Yehia includes the heads of dozens of firms and funds.
Posted: September 14, 2020, 2:20 pm
"If people can fly to Greece, why can't they spend a vacation in Eilat?"
Posted: September 14, 2020, 1:58 pm
CardiacSense has developed a wristwatch for remote monitoring of vital signs.
Posted: September 14, 2020, 1:13 pm
Andrew Abir said the new lockdown was understandable, and what mattered was how the economy was opened up afterwards.
Posted: September 14, 2020, 11:59 am
Minister of Communications Yoaz Hendel: We are entering a new digital age.
Posted: September 14, 2020, 10:58 am
The longer than expected lockdown begins Friday at 2pm and ends October 10. During that time people will be restricted to within 500 meters of their homes.
Posted: September 13, 2020, 10:27 pm
A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Harish, Kadima-Tzoren, Afula, and Beersheva.
Posted: September 13, 2020, 10:06 pm
Bahrain is cheaper for tourists than Dubai says Issta CEO Ronen Carasso.
Posted: September 13, 2020, 9:43 pm
The absence of a clear Israeli policy in light of the US-China trade war could leave Israeli companies vulnerable to US blacklisting.
Posted: September 13, 2020, 6:17 pm
Eulogies for Lady Yvonne Cochrane Sursock, 98, killed in last month's Beirut port blast, did not mention her support for Zionism and the vast family estates sold to Jewish settlers.
Posted: September 13, 2020, 5:31 pm
Minister of Construction and Housing Yaakov Litzman protested that the lockdown had been deliberately delayed until the start of the Jewish holiday.
Posted: September 13, 2020, 5:30 pm
The US airline will operate three weekly flights between Ben Gurion airport and O'Hare airport.
Posted: September 13, 2020, 4:01 pm
In comments on the draft prospectus for El Al's equity offering, the Ministry of Finance also makes clear there will be no state loan.
Posted: September 13, 2020, 12:14 pm
The company is developing eye drops to treat presbyopia - the loss of ability to focus on near objects.
Posted: September 13, 2020, 9:53 am
Bahrain's Prince Salman bin Hamad bin Isa Al Khalifa will attend the signing of the agreement between Israel and the UAE in Washington this week.
Posted: September 13, 2020, 7:49 am
In afternoon futures trading today, the shekel was trading at its weakest against the dollar in three months.
Posted: September 11, 2020, 4:39 pm
As the number of daily new coronavirus cases passes 4,000 for the first time, the full cabinet will be asked to approve a three-stage plan.
Posted: September 11, 2020, 7:12 am
Capitolis has developed an SaaS platform that drives financial resource optimization for capital markets.
Posted: September 10, 2020, 6:50 pm
Regen provides cloud-based, precision effluent and irrigation decision support tools.
Posted: September 10, 2020, 4:47 pm
The sight will allow the US Marines to engage in day and nighttime operations at extreme stand-off distances.
Posted: September 10, 2020, 4:24 pm
EverC provides of online data intelligence to detect and prevent online money laundering.
Posted: September 10, 2020, 4:04 pm
Less people are on the roads and using the navigation app because of Covid-19.
Posted: September 10, 2020, 11:38 am
Deel's platform allows payment to both full-time employees and independent contractors, which complies with the currency and the labor laws around the world.
Posted: September 10, 2020, 10:42 am
The Israeli coronavirus cabinet will consider a national lockdown for the Jewish holidays as the number of new daily cases swells to nearly 4,000.
Posted: September 10, 2020, 10:17 am
The tech investor limited partnership also issued two series of warranties that if fully exercised will raise an additional NIS 95 million.
Posted: September 10, 2020, 9:54 am
The Israeli 3D printing plant-based steak company plans listing on Nasdaq.
Posted: September 10, 2020, 9:36 am
The financially troubled airline has also been given the green light by the Finance Ministry to conduct a private placement before September 16.
Posted: September 10, 2020, 9:15 am
Abu Dhabi's Ministry of Tourism is preparing for an influx of Israeli and Jewish guest during the Sukkot holiday next month.
Posted: September 10, 2020, 9:10 am
The company has raised $450 million to date including $150 million in January.
Posted: September 9, 2020, 6:06 pm
Pcysys (Proactive Cybersystems) has developed PenTera, an Automated Penetration Testing platform.
Posted: September 9, 2020, 5:47 pm
Amid rising coronavirus infections in Israel, there is increased concern that Israel may go into lockdown over the Jewish holidays.
Posted: September 9, 2020, 3:36 pm
A new record of 3,496 people in Israel tested positive for Covid-19 in Israel yesterday, the Ministry of Health reports.
Posted: September 9, 2020, 3:36 pm
HFN managing partner Adv. Meir Linzen tells "Globes" that the Israeli law firm has been operating in the UAE for 15 years through a consulting company and talks about expansion plans.
Posted: September 9, 2020, 3:35 pm
Israir will market four-night vacation packages to the UAE starting from $700.
Posted: September 9, 2020, 3:34 pm
Seven rounds of talks have been held so far, and there is enthusiasm on both sides. An agreement with Japan is also in the offing.
Posted: September 9, 2020, 12:35 pm
Taboola apparently sought to obtain better terms, but there are different versions of what led to this.
Posted: September 9, 2020, 10:26 am
Melio helps small businesses digitally manage their supplier payments and reach more small businesses across the US.
Posted: September 8, 2020, 7:21 pm
Sources close to the real estate businessman say that the meetings he held in Israel today will 'reshuffle the deck.'
Posted: September 8, 2020, 6:35 pm
Flying Pigs, set up with Ilan Leibovich, is a B2C company that has developed a revolutionary app for the Z generation.
Posted: September 8, 2020, 3:57 pm
Curfews are being imposed on 40 Israeli towns and neighborhoods from 7pm this evening in an attempt to slow Covid-19 infections.
Posted: September 8, 2020, 2:19 pm
Eli Rozenberg has appointed Middle East envoy Jason Greenblatt to Kanfei Nesharim's executive committee.
Posted: September 8, 2020, 1:37 pm
The US cybersecurity giant has rented 6,000 square meters in the triangular tower.
Posted: September 8, 2020, 12:47 pm
A quarter of investors who sold in July in Israel's southern district had been placed on unpaid leave by their employers.
Posted: September 8, 2020, 11:55 am
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