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News - Globes

Israel's Business Arena

Eight IAI ELTA ELM-2084 Multi-Mission Radars (MMR) with air surveillance, air defense, and artillery capabilities will be delivered between 2021 and 2023.
Posted: December 6, 2019, 9:20 am
Germany has supplied Israel with submarines for three decades, but an anti-corruption clause inserted into the option on further procurement is liable to bring that to an end.
Posted: December 5, 2019, 9:12 pm
The Knesset Finance Committee approved the release of funds to the Innovation Authority.
Posted: December 5, 2019, 7:53 pm
Michael Ganor and Eliezer Marom are accused of bribery, and David Shimron of money laundering in a separate case.
Posted: December 5, 2019, 6:43 pm
The new Crescendo Venture Partners fund is planned to reach $80-100 million, and has already made its first investment.
Posted: December 5, 2019, 4:39 pm
Oramed's insulin capsule is designed for the early stage of type 2 diabetes treatment.
Posted: December 5, 2019, 2:10 pm
Castro is disappointed with Carolina Lemke's results in the US, and is terminating its agreement with Kardashian.
Posted: December 5, 2019, 1:08 pm
The Supreme Court sent Ashdod Port strongman Hassan's case to the Beer Sheva District court for sentencing.
Posted: December 5, 2019, 1:03 pm
Yisrael Beitenu's chairman said that he would not join a narrow government coalition.
Posted: December 5, 2019, 12:31 pm
The products, distributed under Shufersal's own brand, are suspected of being infested with microscopic insects.
Posted: December 5, 2019, 12:26 pm
54% of Israelis who spent a vacation in Israel say they got much less value for money than they do overseas.
Posted: December 5, 2019, 11:40 am
Roundtrip fares start at $84. Israir is transferring planes that were used on its Tel Aviv-Eilat route.
Posted: December 5, 2019, 11:26 am
Attorney General Avichai Mandelblit has sent Knesset Speaker Yuli Edelstein a list of over 300 prosecution witnesses against the prime minister.
Posted: December 5, 2019, 10:39 am
Israeli tech company Verint will separate its civilian and military businesses. Verint will also receive investment of $400 million through Apax Partners.
Posted: December 5, 2019, 10:32 am
Lower than expected revenues from the Tamar gas reservoir and government paralysis mean the fund meant to invest in Israel's future is yet to get off the ground.
Posted: December 4, 2019, 9:04 pm
The running-in period of the Reduction of Use of Cash Law is over, and offenders will be subject to heavy fines and imprisonment.
Posted: December 4, 2019, 9:04 pm
Energy Finance CEO Yossi Frank: After two hours, the foreign currency market was back right where it started.
Posted: December 4, 2019, 9:03 pm
Government spending so far this year is up 6.1%.
Posted: December 4, 2019, 7:50 pm
The average salary jumped 4.6% between September 2018 and September 2019, but much of the rise is due to the incidence of the Jewish holiday season.
Posted: December 4, 2019, 6:45 pm
It is unclear whether Kahlon meant resigning as minister of finance or withdrawing from the Likud's Knesset candidate list.
Posted: December 4, 2019, 6:07 pm
"Success depends on three variables: the process, the technology, and the people. If you don't balance everything, the transition won't succeed."
Posted: December 4, 2019, 5:14 pm
The average temperature in Israel is projected to rise 1.2 degrees by 2050.
Posted: December 4, 2019, 5:12 pm
A Taub Center book advocates intensive intervention at a very young age.
Posted: December 4, 2019, 4:55 pm
US-based electric car maker Tesla has registered an Israeli subsidiary whose activity includes solar energy solutions.
Posted: December 4, 2019, 3:54 pm
The main acquired property has 53,000 square meters of rental space in the Midtown Toronto business district.
Posted: December 4, 2019, 3:50 pm
Telecommunications company Cellcom raised NIS 300 million in the institutional stage of an equity offering, amid high demand.
Posted: December 4, 2019, 9:30 am
The decision is likely to culminate in the replacement of Discount Investment's chairman.
Posted: December 4, 2019, 9:29 am
Yuval Diskin, Prof. Isaac Ben-Israel, senior JP Morgan executives, and representatives of leading companies and funds in Israel will speak at the conference.
Posted: December 4, 2019, 8:48 am
Afcon's share price fell 20% in the previous five trading days after the company reported a NIS 25 million third quarter loss.
Posted: December 3, 2019, 9:36 pm
The acquisition, Check Point's fourth since October last year, is worth $40 million.
Posted: December 3, 2019, 9:34 pm
The company says that the agreement with Alvotech will generate $20-30 million peak annual revenue.
Posted: December 3, 2019, 9:33 pm
J.P. Morgan Israel managing director Yoav Intrator spoke at The Enterprise Technology Summit held by "Globes" and J.P. Morgan.
Posted: December 3, 2019, 9:15 pm
Hot believes that a merger may be worthwhile even at the cost of exiting its joint network partnership with Partner.
Posted: December 3, 2019, 3:33 pm
The round was led by Sequoia Capital. Sequoia partner Carl Eschenbach has joined Gong’s board of directors.
Posted: December 3, 2019, 3:31 pm
Rosenblum is offering NIS 4 million for the stock exchange shell.
Posted: December 3, 2019, 2:37 pm
The Be chain, acquired two years ago from Hamashbir Lazarchan as New Pharm, will close 6% of its branches in 2020.
Posted: December 3, 2019, 2:30 pm
Industry sources say that talks have been going on for several weeks. The acquisition price is thought to be around $1 billion.
Posted: December 3, 2019, 12:25 pm
The total price is put at $120 million. Indegy develops cybersecurity solutions for industry and critical infrastructures.
Posted: December 3, 2019, 10:02 am
The buyer intends to convert the listed building, in a central Jerusalem location, to a hotel.
Posted: December 2, 2019, 6:48 pm
As construction company shares peak, current trends indicate steep price rises in 2020.
Posted: December 2, 2019, 6:27 pm
Searchlight Capital Partners and David Fuhrer acquired 72% of Bezeq parent company B Communications for a total of NIS 630 million.
Posted: December 2, 2019, 6:21 pm
Ari Bronshtein is the latest in a series of IDB Development-Discount Investment group executives who have decided to leave.
Posted: December 2, 2019, 4:52 pm
Arnon Bar-David was speaking at the 2019 annual industry conference.
Posted: December 2, 2019, 3:21 pm
The new method is designed to provide more powerful and focused treatment.
Posted: December 2, 2019, 2:50 pm
Transport ministers have opposed them, but a new OECD report on Israel's chronic traffic jams proposes congestion charges alongside longer term solutions.
Posted: December 2, 2019, 12:04 pm
Wallace replaces Asaf Bartfeld, who is stepping down after sixteen years in the post.
Posted: December 2, 2019, 10:43 am
Dividends from state-owned companies in Israel are expected to top NIS 1 billion this year.
Posted: December 2, 2019, 10:42 am
Although WeWork is laying off thousands of employees worldwide, it seeks to expand in Tel Aviv.
Posted: December 1, 2019, 8:46 pm
The Competition Authority has not yet announced that it will appeal against the ruling, but it appears inevitable.
Posted: December 1, 2019, 8:24 pm
After selling 8% of the company's shares, private equity firm FIMI Opportunity Funds still holds a 35% stake.
Posted: December 1, 2019, 6:35 pm
Two open letters from Israel's business community today express concern at the political stalemate and attacks on the country's legal system.
Posted: December 1, 2019, 5:40 pm
El Al's third quarter net profit was $27 million, 36% lower than in the corresponding quarter of 2018.
Posted: December 1, 2019, 5:30 pm
The sale is aimed at increasing liquidity and avoiding a going concern warning for IDB.
Posted: December 1, 2019, 5:10 pm
Tel Aviv District Court president Judge Eitan Orenstein ordered that a general creditors arrangement be reached that would allow the theater to recover.
Posted: December 1, 2019, 3:25 pm
Dr. Ber, who took up the post in 2015, led the separation of the credit card companies from the banks, and encouraged the adoption by the banks of new technologies.
Posted: December 1, 2019, 3:24 pm
The payment is on account of regular state support due to the theater for 2019.
Posted: December 1, 2019, 10:53 am
Israel Internet Association: Israel lacks regulatory infrastructure to support its extensive blockchain technology applications.
Posted: December 1, 2019, 9:31 am
XACT Robotics has developed a device, with FDA approval and CE Mark, for guiding instruments to precise locations in the body.
Posted: November 28, 2019, 9:16 pm
The bacteria could help reduce greenhouse gases in the atmosphere.
Posted: November 28, 2019, 8:23 pm
CEO Eyal Lapidot unveiled his strategy for the coming years: "Shikun & Binui has a great deal to do, and a great deal of value to create."
Posted: November 28, 2019, 7:26 pm
Israel Aerospace Industries posted a $32 million net profit in the third quarter.
Posted: November 28, 2019, 7:07 pm
"We will not stand aside while our livelihoods are about to be cut off."
Posted: November 28, 2019, 4:14 pm
The Competition Authority and government ministers had opposed the merger as liable to harm competition in Israeli banking.
Posted: November 28, 2019, 3:45 pm
Yitzhak Tshuva's Delek Group posted a net profit of NIS 65 million for the third quarter, down 80% on the corresponding quarter.
Posted: November 28, 2019, 2:46 pm
FIMI's agreement with Kibbutz Amiad increases the fund's stake in the company from 18% to 46%.
Posted: November 28, 2019, 12:23 pm
The two insurance companies are partnering with Yehuda Barashi's LRC group.
Posted: November 28, 2019, 12:22 pm
Shikun & Binui's share price has risen 153% so far this year, on expectations of improve results under new CEO Eyal Lapidot.
Posted: November 28, 2019, 11:58 am
The sale was at NIS 63 per share, representing a discount of nearly 4% on Ham-Let's closing price on the Tel Aviv Stock Exchange yesterday.
Posted: November 28, 2019, 11:05 am
Lapidoth Capital and Altshuler Shaham Provident and Pension will take over the company and delist it from the stock exchange.
Posted: November 27, 2019, 6:12 pm
Overall, group revenue and margins rose in the third quarter, but high finance expenses cut profit
Posted: November 27, 2019, 5:42 pm
Asher-Topilsky resigned as CEO of Israel Discount Bank in order to join FIMI.
Posted: November 27, 2019, 4:52 pm
In the six years that Lilach Asher-Topilsky has been in charge, the bank's share price has handily outpaced the banking index.
Posted: November 27, 2019, 4:49 pm
Since the beginning of the year, the telecommunications company has lost NIS 53 million.
Posted: November 27, 2019, 3:40 pm
One month after approval of an urban renewal plan in Rehovot, the Priority Areas Planning Committee has approved construction of thousands of apartments there.
Posted: November 27, 2019, 2:50 pm
Test non-stop flights on the Tel Aviv-Melbourne route are planned for the second quarter of 2020.
Posted: November 27, 2019, 12:24 pm
The Wall Street Journal reports that Teva and other companies are being investigated on the basis of laws against drug dealers.
Posted: November 27, 2019, 9:05 am
The Gini inequality index rose in 2018, after declining for three consecutive years, although on average income grew faster than spending.
Posted: November 26, 2019, 8:27 pm
Maimon is investing over NIS 500 million in Isramco's ultimate parent company, making his de facto control official.
Posted: November 26, 2019, 7:46 pm
The Banking Supervision Department has announced that it will allow banks to provide more credit for projects seen as critically important for the economy.
Posted: November 26, 2019, 7:37 pm
The company's gross profit ratio fell from 29.1% to 26.3%.
Posted: November 26, 2019, 5:43 pm
Among other things, senior IDF commanders will take part in marketing efforts in export target countries.
Posted: November 26, 2019, 5:42 pm
Teva aims to strengthen its ties with institutions of higher education in Israel and bring brains back to Israel.
Posted: November 26, 2019, 5:09 pm
The bank's third quarter profit shrank 18% to NIS 765 million, but profit for the first nine months was up by the same percentage.
Posted: November 26, 2019, 2:38 pm
Partner CEO Isaac Benbenisti: Partner is leading fiber optic deployment in Israel.
Posted: November 26, 2019, 10:56 am
Cannbit will pay $23 million immediately plus 4.99% of its shares for Tikun Olam's Israel activity, plus $18 million conditional on revenue.
Posted: November 25, 2019, 7:00 pm
The MRC consortium obtained a loan from a consortium led by Bank Hapoalim on limited recourse terms at 2-3% above the Euro Swap interest rate.
Posted: November 25, 2019, 6:58 pm
According to Bloomberg, in talks with the US Justice Department, Teva and other companies will admit some of the allegations and pay fines.
Posted: November 25, 2019, 6:54 pm
Establishment of a government management company is stalled by disagreement over who will pay for it.
Posted: November 25, 2019, 6:48 pm
This is the central bank's first intervention in the foreign exchange market since Amir Yaron became governor.
Posted: November 25, 2019, 6:02 pm
The Tel Aviv District Planning and Building Commission approved for deposit a plan for the site, located between Yigal Allon Street and the Ayalon Highway.
Posted: November 25, 2019, 5:32 pm
Market expectation were for a cut to 1%.
Posted: November 25, 2019, 5:20 pm
Alrov Properties and Lodgings purchased almost 5% of Clal Insruance for NIS 150 million.
Posted: November 25, 2019, 3:48 pm
The number of available jobs has fallen in recent months, indicating slower economic growth.
Posted: November 25, 2019, 2:11 pm
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