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News - Globes

Israel's Business Arena

"Reuters" reports that a federal judge has summoned Teva CEO Kare Schultz to discuss settling all 2,600 US suits alleging that the Israeli company fueled the opioid crisis.
Posted: October 18, 2019, 7:09 am
The settlement would run over 10 years and the drugs would include Teva's Narcan for treating opioid addiction, sources told "Bloomberg."
Posted: October 18, 2019, 7:01 am
The 98 year old contributed tens of millions of dollars to Israeli educational and cultural institutions.
Posted: October 17, 2019, 9:27 pm
From December 1, bicycles will not be allowed on trains between 6am and 9am and between 3pm and 7pm from Sundays to Thursdays.
Posted: October 17, 2019, 8:26 pm
Stifel has also formed a strategic partnership with the Israeli venture capital crowdfunding platform.
Posted: October 17, 2019, 6:25 pm
Partner is offering Spotify Premium to subscribers for a free three month trial after which there will be a monthly fee of NIS 19.90.
Posted: October 17, 2019, 6:02 pm
Due to the delay the company will record a loss of $12-16 million in its third quarter financial results.
Posted: October 17, 2019, 5:08 pm
Tenants in the Sea & Sun project and owners of the West hotel in North Tel Aviv are opposed to plans to build a high rise residential project and hotel.
Posted: October 17, 2019, 4:09 pm
The company has reported that it has switched to commercial cultivation at its farm in Ashkelon, after receiving IMC-GAP approval for the facility.
Posted: October 17, 2019, 3:50 pm
Based in Migdal Ha'Emek, Polymer Logistics manufactures reusable transport packaging and retail merchandizing systems.
Posted: October 17, 2019, 1:25 pm
The US electric car manufacturer has been checking out Israel's car market and could begin operations from next year.
Posted: October 17, 2019, 12:57 pm
According to a report by Reuters, five pharmaceuticals and distribution companies involved in the opioids affair in the US are offering drugs worth $22 billion and services worth $28 billion.
Posted: October 17, 2019, 11:58 am
The contract for fifteen aircraft with an option for fifteen more is worth hundreds of millions of dollars.
Posted: October 17, 2019, 10:24 am
The land is the last large reserve for development in the neighborhood.
Posted: October 17, 2019, 6:44 am
The chain, which has 77 branches around the country, will soon complete switching the entire chain to biodegradable cardboard straws.
Posted: October 16, 2019, 9:01 pm
IBI Investment House pharma analyst Steven Tepper has calculated that the cost to Teva of a $15 billion opioid settlement would be dramatically less.
Posted: October 16, 2019, 5:29 pm
The company's trial of one product failed, and it downwardly revised its sales guidance.
Posted: October 16, 2019, 4:41 pm
The private placement is taking place at a 12.9% discount on the ASX market price.
Posted: October 16, 2019, 3:11 pm
3DSignals has pioneered real-time asset performance monitoring (APM) solutions using digitalization of production floors using Industrial IoT technology.
Posted: October 16, 2019, 2:34 pm
Bank Hapoalim chief economic advisor Prof. Leo Leiderman told "Globes" that Israel had performed disappointingly in The World Economic Forum ranking.
Posted: October 16, 2019, 2:31 pm
Founders and co-CEOs Meir Ohayon and Tomer Dotan will continue managing the auto trade-in chain.
Posted: October 16, 2019, 1:09 pm
Inflation in Israel over the past 12 months has fallen to just 0.3%, moving further away from the Bank of Israel's annual target range of 1%-3%.
Posted: October 16, 2019, 11:17 am
The Israeli biopharmaceutical company's lead candidate treats NASH, a severe form of nonalcoholic fatty liver disease.
Posted: October 16, 2019, 8:08 am
The new bus station east of the Ramot neighborhood will relieve congestion at Jerusalem's existing central bus station.
Posted: October 16, 2019, 7:20 am
Israel's Consumer Price Index has risen by 0.3% over the past year, while housing prices have risen 1.3%.
Posted: October 15, 2019, 6:43 pm
Hostility to Israel and the recent invasion of Syria are not deterring Israelis from travelling to Turkey for vacations or connection flights - if the price is right.
Posted: October 15, 2019, 6:25 pm
Forescout Technologies CEO Michael DeCesare: Q3 results were impacted by extended approval cycles which pushed several deals out of the third quarter.
Posted: October 15, 2019, 5:59 pm
Over 13,000 housing units have been built in Tel Aviv since mid-2015 compared with 10,300 in Jerusalem.
Posted: October 15, 2019, 4:56 pm
The International Monetary Fund has cut Israel's growth forecast for both 2019 and 2020 as well as its forecast for global growth.
Posted: October 15, 2019, 4:54 pm
One of the country's most expensive lots is zoned for construction of a 15-storey tower.
Posted: October 15, 2019, 4:04 pm
The Israeli company's first consignment of Trophy anti-missile protection systems is part of a $500 million deal with the US Army.
Posted: October 15, 2019, 2:01 pm
Dr. Tamarkin founded Foamix Pharmaceuticals, which develops and commercializes pharmaceuticals in the dermatology sector.
Posted: October 15, 2019, 1:08 pm
With hopes high for a Brexit settlement in the next few days between the UK and EU, sterling gained 1.485% against the shekel to NIS 4.442/£.
Posted: October 15, 2019, 12:54 pm
ROVITARIS is a proprietary technology developed by Israel Chemicals, which supports the production of allergen free plant-based food.
Posted: October 15, 2019, 12:38 pm
The plan deposited for objections sees the current population of 23,000 in Zikhron Yaakov increasing to 42,000 over the next 20 years.
Posted: October 15, 2019, 12:05 pm
The company says that its CSF-1 eye drops demonstrated significant improvement in near visual acuity in a Phase 2b trial.
Posted: October 15, 2019, 10:57 am
Bank of Israel Governor Prof. Amir Yaron observed that the Monetary Committee was not unanimous in keeping the rate unchanged and there were good reasons for cutting the rate below 0.25% already.
Posted: October 15, 2019, 9:36 am
The fund will invest in Israeli and global pre-revenue health-tech startups, including medical devices and digital health.
Posted: October 11, 2019, 8:05 am
Israel's consent to adjustments to the Paris Agreements, as urged by the defense establishment, has paved the way to a compromise on fund transfers to the Palestinian Authority.
Posted: October 10, 2019, 8:47 pm
The merged company will be listed on Nasdaq under the name 9 Meters Biopharma.
Posted: October 10, 2019, 7:42 pm
Environment Ministry director general: This is the beginning of the end for burying waste.
Posted: October 10, 2019, 7:41 pm
Dr. Pnina Fishman will continue as Can-Fite BioPharma's CEO.
Posted: October 10, 2019, 6:50 pm
The value of Lapidoth Capital's new bid is NIS 1.33 billion, compared with YH Dimri's bid of NIS 1.294 billion.
Posted: October 10, 2019, 5:35 pm
Leader Capital Markets: It's hard to believe that only three months ago the Bank of Israel predicted an interest rate hike in the third quarter this year and two in 2020.
Posted: October 10, 2019, 5:32 pm
Jones aims to become the standard for insurance compliance in the CRE industry.
Posted: October 10, 2019, 5:02 pm
The Ministry of National Infrastructure, Energy and Water resources says that using natural gas will save households hundreds to thousands of shekels annually.
Posted: October 10, 2019, 4:49 pm
The acquisition of Pariplay allows Aspire Global to control yet another part of the iGaming value chain.
Posted: October 10, 2019, 3:56 pm
2,680 new homes were sold in August, 52% more than in August 2018.
Posted: October 10, 2019, 3:35 pm
81% of the bondholders voted for Lapidoth Capital's bid after YH Dimri lowered its bid at the last minute.
Posted: October 10, 2019, 3:03 pm
Funding will be used to build the world’s first cultured meat pilot production facility.
Posted: October 10, 2019, 3:01 pm
Amot will lease back the logistics center to Teva subsidiary SLE, in a deal that will help improve Teva's current cash flow.
Posted: October 10, 2019, 12:23 pm
The Aerostar Tactical UAS drones will be used to control the country's waters amid concern that Turkey is encroaching on Cypriot territory in search of gas and oil.
Posted: October 10, 2019, 11:20 am
Aleph Farms CEO: In space, we don't have 10,000 or 15,000 liters of water available to produce one kilogram of beef.
Posted: October 10, 2019, 9:08 am
In recent months many businesses have left the Tel Aviv market after reporting weak sales.
Posted: October 10, 2019, 8:41 am
Tel Aviv-based ChameleonX has developed self-protection technology for websites to prevent fraud and theft.
Posted: October 9, 2019, 10:15 pm
Talenya's bots serve as virtual recruiters capable of locating suitable talent for open jobs by gathering and processing information from hundreds of online sources.
Posted: October 8, 2019, 11:56 am
In a pilot project dozens of the dockless scooters will be deployed at the Har Hotzvim high-tech park, Israeli media sources report.
Posted: October 8, 2019, 10:46 am
The Research Department has cut the growth forecast for 2020 from 3.5% to 3% due to the effects of the global economic slowdown.
Posted: October 7, 2019, 6:25 pm
The decision was not unanimous. Prof. Yaron: When the minutes of the meeting are published, you will see the considerations in favor of reducing the interest rate at this time.
Posted: October 7, 2019, 6:11 pm
This was the third consecutive month that the reserves have fallen after reaching a record $120.1 billion at the end of June 2019 the Bank of Israel reports.
Posted: October 7, 2019, 5:13 pm
The company says that most of the order consists of follow-on orders to maintain systems for detecting penetration of an important seaport in the region.
Posted: October 7, 2019, 4:31 pm
The Haifa-based company develops and deploys artificial intelligence (AI)-based predictive maintenance software.
Posted: October 7, 2019, 3:18 pm
The Kfar Saba-based company has developed technology for providing online insurance for small and medium-sized businesses in the US.
Posted: October 7, 2019, 2:51 pm
Ministry director general Keren Terner reports initial conclusions from the introduction of a carpool lane.
Posted: October 7, 2019, 2:33 pm
The lot, which is in the city's central business district adjacent to the Azrieli shopping mall, is zoned for 37,000 square meters of office and commercial space.
Posted: October 7, 2019, 2:27 pm
The first day of the new regulations allowing cars with 2 or more passengers to use public transport lanes resulted in havoc.
Posted: October 7, 2019, 2:15 pm
The London and Tel Aviv based venture capital firm now has $1.1 billion in capital under management for investment in Israeli and European startups.
Posted: October 7, 2019, 2:00 pm
The court still has to approve the settlement with a shareholder who sought to bring a derivative action.
Posted: October 7, 2019, 1:12 pm
Despite efforts by the Treasury to trim spending, the adjusted twelve-month deficit figure remains at 3.8% of GDP.
Posted: October 7, 2019, 10:49 am
The boutique bakery is controlled by CEO Daniella Abramson-Benita and Kobi Levy, Rami Levy's son.
Posted: October 6, 2019, 7:15 pm
US administration pressure on Israel to restrict trade relations with China raises concern that Hutchison will have difficulty in obtaining a permit to control the telecom company.
Posted: October 6, 2019, 7:06 pm
A selection of recent real estate deals in Israel including in Rishon Lezion, Haifa and Sderot.
Posted: October 6, 2019, 6:55 pm
Strigo seeks to power excellent training and has devised as remote training, as close as possible to real-life.
Posted: October 6, 2019, 6:51 pm
The average monthly salary of a salaried employee in the Israeli economy stood at NIS 11,004 in July, up 3.4% from July 2018, the Central Bureau of Statistics reports.
Posted: October 6, 2019, 5:13 pm
The company is reducing the size of its packages for Kariot, Klik, Nishnushim, and other products in Israel.
Posted: October 6, 2019, 4:30 pm
The Israeli company has developed a microbiome human discovery platform that offers a glycemic control solution for people with type II diabetes.
Posted: October 6, 2019, 3:51 pm
The Israeli defense electronics company will provide the army of a southeast Asian country with a comprehensive, multi-layered array of Unmanned Aircraft Systems over 22-months.
Posted: October 6, 2019, 12:06 pm
WeLive, a unit of WeWork parent The We Company, has not progressed beyond two projects in the US.
Posted: October 6, 2019, 11:40 am
Prime Minister Benjamin Netanyahu now wants a show of support in the Likud central committee. Potential challenger Gideon Sa'ar opposes the move.
Posted: October 6, 2019, 10:15 am
Benjamin Netanyahu is considering a snap party leadership election to bolster his standing, but Gideon Sa'ar could upset his plans.
Posted: October 6, 2019, 10:04 am
Israel's inclusion on the World Government Bond Index could translate to foreign currency purchases in shekels of government bonds worth about $2 billion.
Posted: October 6, 2019, 9:35 am
The companies' e-scooter users can now ride continuously between Tel Aviv, Ramat Gan and Petah Tikva.
Posted: October 4, 2019, 4:38 pm
With annual revenue of $1 billion, the Israeli digital ad company plans expanding operations in the mobile phone and gaming sectors.
Posted: October 4, 2019, 8:43 am
Taboola will pay $250 million to Outbrain, which will receive 30% of the merged content recommendation company.
Posted: October 3, 2019, 8:21 pm
"I'm willing to forego rotation of the premiership for the sake of a unity government," Yair Lapid told a meeting of the Blue and White Knesset faction.
Posted: October 3, 2019, 5:50 pm
Israel has had 3.5 million visitors in 2019 so far and looks set to break last year's record when 4.1 million tourists visited Israel.
Posted: October 3, 2019, 5:22 pm
Waycare’s first commercial deployment with Southern Nevada in 2017 demonstrated improvements in reducing both primary and secondary crashes.
Posted: October 3, 2019, 4:39 pm
The innovation center in Tel Aviv will allow Faurecia to expand its cybersecurity expertise.
Posted: October 3, 2019, 4:36 pm
Transport minister: If the number of people per car averages 1.7, there will be no traffic jams.
Posted: October 3, 2019, 4:35 pm
The new funds will be used to advance Elicio’s pipeline of novel lymph node targeted immuno-therapies.
Posted: October 3, 2019, 3:26 pm
Most unoccupied housing units are in the big cities, especially Tel Aviv, Jerusalem, Haifa and Netanya.
Posted: October 3, 2019, 1:55 pm
The old snacks factory, which was built in 1964, has been shut down, while Bamba production has been moved to Osem-Nestle's new Kiryat Gat plant.
Posted: October 3, 2019, 1:47 pm
Based in Rehovot, the medical device company has developed a proprietary 355nm wavelength laser technology platform.
Posted: October 3, 2019, 1:07 pm
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