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News - Globes

Israel's Business Arena

The Israeli insurtech company says it will begin trading on the NYSE today.
Posted: July 2, 2020, 6:54 am
Alt-Steak is a plant-based product, which will undergo market testing at select high-end restaurants later this year.
Posted: July 1, 2020, 7:29 pm
The Israeli company's share price is up 3.14% on Nasdaq today at $264.27, giving a market cap of $13.73 billion.
Posted: July 1, 2020, 6:36 pm
The renowned US lawyer has hired US and UK lawyers and Israeli lawyer Galia Cohen to sue Netflix for defamation about allegations he had intimate relations with Virginia Roberts.
Posted: July 1, 2020, 6:12 pm
The annual general shareholders meeting is being asked to vote Waldman onto the board of the Israeli cybersecurity company.
Posted: July 1, 2020, 5:43 pm
Nimrod Sheffer is stepping down after two years as sources inform "Globes" that IAI's Aviation Group will cut 900 out of 5,000 jobs.
Posted: July 1, 2020, 4:16 pm
The company has also unveiled tX - an elite group of cryptographers and engineers who use Curv’s keyless technology to develop flexible deployment models.
Posted: July 1, 2020, 3:34 pm
The Israeli company is seeking approval of NexoBrid for eschar removal (debridement) in adults with deep partial-thickness and/or full-thickness thermal burns.
Posted: July 1, 2020, 2:37 pm
The shekel-dollar exchange rate had been anchored around the NIS 3.45/$ rate for the past month.
Posted: July 1, 2020, 2:27 pm
The loss cannot be entirely attributed to the coronavirus pandemic, which began affecting El Al only in March.
Posted: July 1, 2020, 2:21 pm
Israeli tech companies, which raised a record $8.3 billion in 2019, have raised over $4.7 billion in the first six months of 2020, despite the Covid-19 crisis.
Posted: July 1, 2020, 2:21 pm
After only 13 months, Lapidot is leaving after disagreements with controlling shareholder Naty Saidoff.
Posted: July 1, 2020, 2:20 pm
The Israeli defense electronics company will equip several vessels with suites that provide the capability to perform complex reconnaissance missions.
Posted: July 1, 2020, 12:45 pm
The resignation comes after the failure of Dan Naveh's attempt to remove CEO Yoram Naveh.
Posted: July 1, 2020, 11:59 am
The loss was largely due to a write-down of North Sea oil subsidiary Ithaca Energy.
Posted: July 1, 2020, 11:20 am
El Al CEO Gonen Usishkin has ordered that all aircraft should return to Israel, including those on cargo flights.
Posted: July 1, 2020, 10:54 am
Construction and Housing Minister Yaakov Litzman has unveiled a new plan to provide affordable housing for first time buyers.
Posted: June 30, 2020, 7:38 pm
Israel's Covid-19 infection rate for new cases exceeds the EU's criteria but the situation will be reviewed every 14 days.
Posted: June 30, 2020, 7:06 pm
The Tel Aviv-based company Hunters will deepen its machine-learning R&D and enable customers to extend threat detection.
Posted: June 30, 2020, 6:57 pm
Only 20% of people aged 24 or younger who were put on unpaid leave had returned to work by the end of May, the Israel Employment Service reports.
Posted: June 30, 2020, 5:54 pm
The company has developed big data processing software for operating data lakes.
Posted: June 30, 2020, 3:08 pm
US Fed Reserve chair Jerome Powell has welcomed the faster than expected bounce back but warned on "extraordinary uncertainty."
Posted: June 30, 2020, 2:41 pm
The new neighborhood in the east of the city will stretch between Menachem Begin Blvd. and Road 40.
Posted: June 30, 2020, 1:31 pm
The Israel Securities Authority (ISA) encourages companies to publish their reports in English as well as Hebrew, in order to make the information accessible to foreign investors.
Posted: June 30, 2020, 1:24 pm
Fattal Holdings sees worse results for the second and third quarters, but there is some revival in bookings in Israel and Europe.
Posted: June 30, 2020, 1:16 pm
The US Embassy in Israel is asking NIS 300 million for the Herzliya house, which would be a record price for an Israeli home.
Posted: June 30, 2020, 12:23 pm
Despite the upsurge in new infections, 250 people will still be allowed to attend weddings and cultural performances.
Posted: June 29, 2020, 8:57 pm
Cynet provides an autonomous breach protection platform that consolidates and automates monitoring and control.
Posted: June 29, 2020, 6:47 pm
Israel Aerospace's anti-drone system will add the interception capabilities to its advanced radar detection systems.
Posted: June 29, 2020, 3:26 pm
Codefresh has developed a continuous integration and delivery (CI/CD) platform for Kubernetes.
Posted: June 29, 2020, 3:01 pm
The kibbutz-based provides high-quality, royalty-free licensed music, stock video clips, and sound effects for digital creative industries.
Posted: June 29, 2020, 2:01 pm
MYCAPPSA is the first treatment for chronic acromegaly that can be taken orally with a pill rather than by injection.
Posted: June 29, 2020, 1:06 pm
As coronavirus numbers in Israel rise, Minister of Health Yuli Edelstein wants more restrictions to avoid "huge economic damage".
Posted: June 29, 2020, 11:00 am
Krupik has been acting chairperson of Bank Hapoalim since February.
Posted: June 29, 2020, 9:52 am
US China trade frictions will escalate whoever wins the presidential election, argues Dave Rank. Israel must adjust accordingly.
Posted: June 28, 2020, 7:28 pm
Israel's largest accounting firm is recalling 350 staff from unpaid leave on July 1 but there will also be layoffs.
Posted: June 28, 2020, 6:22 pm
Employees in Israel placed on unpaid leave due to the crisis will now be entitled to unemployment pay until mid-August.
Posted: June 28, 2020, 4:36 pm
The Israeli company is a clinical-stage company advancing first-in-class therapies to overcome tumor immune evasion and drug resistance.
Posted: June 28, 2020, 4:34 pm
CAN Health OOD will sell Canzon's products to hundreds of pharmacies in Bulgaria.
Posted: June 28, 2020, 2:41 pm
The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise by NIS 0.23 to NIS 5.44 per liter on Tuesday night, July 1.
Posted: June 28, 2020, 1:25 pm
A selection of recent real estate deals in Israel including in Tel Aviv, Beit Shemesh, Modi'in, Rosh Ha'ayin and Haifa Bay.
Posted: June 28, 2020, 1:10 pm
The delayed drug release technology company raised more than it originally planned, and its share price rose after the offering.
Posted: June 28, 2020, 12:22 pm
The Israeli optimized therapeutics company has developed an implant for the delayed release of antibiotics.
Posted: June 28, 2020, 12:15 pm
The IoT security company will lay off two thirds of its work force , sources inform "Globes."
Posted: June 28, 2020, 11:34 am
The measure is one of several in this year's Economic Arrangements Bill designed to further Israel's renewable energy program.
Posted: June 28, 2020, 11:34 am
The wireless electric vehicle charging company's share price has risen 163% so far this year.
Posted: June 28, 2020, 10:27 am
Although Israelis returning from abroad until at least the start of August will also still be required to self-isolate, many airlines have restarted flights to Tel Aviv.
Posted: June 27, 2020, 10:13 pm
Following fierce criticism of its decision to pay shareholders a NIS 49 million dividend, the Israeli fashion chain says it won't take government assistance.
Posted: June 26, 2020, 3:18 pm
To obtain state aid, the airline will have to sign new labor agreements with all four sectors of its workforce.
Posted: June 25, 2020, 7:07 pm
The insurtech company seeks to raise $253-286 million at a valuation before money of $1.1 billion.
Posted: June 25, 2020, 6:44 pm
The underperforming Tel Aviv 35 Index will be reinvigorated in August when dynamic tech companies replace tired firms from traditional sectors.
Posted: June 25, 2020, 4:22 pm
Leumi economists see the fall in building starts and the return of investors into the housing market as factors supporting medium to long term prices rises.
Posted: June 25, 2020, 12:43 pm
The shekel has ended seven straight sessions of gains against the dollar as markets tumble worldwide amid the growing realization that Covid-19 is not going to disappear any time soon.
Posted: June 25, 2020, 11:37 am
The number of new Covid-19 infections continues to climb but serious cases remain stable, the Health Ministry reports.
Posted: June 25, 2020, 7:03 am
El Al pilots: There is no economic justification for rejecting the Finance Ministry plan other than protecting the controlling owners.
Posted: June 24, 2020, 7:34 pm
As new Covid-19 cases soar, the Knesset must now approve a law allowing the Shin Bet, despite opposition from its chief, to track citizens.
Posted: June 24, 2020, 5:58 pm
The Covid-19 pandemic and its impact on sports has increased the need for more broadcasting content.
Posted: June 24, 2020, 4:33 pm
The Israeli currency is now gaining against the dollar for the seventh straight session.
Posted: June 24, 2020, 1:49 pm
The Israeli company has received approval to import indoor grown cannabis to Israel from Canada and is already importing cannabis from Lesotho.
Posted: June 24, 2020, 12:57 pm
Income-producing real estate stocks, which boomed last year, have lost one third of their value in six months.
Posted: June 24, 2020, 12:49 pm
New mortgage loans in May were 15% below pre-coronavirus levels, and thousands of people have deferred repayments.
Posted: June 24, 2020, 11:14 am
Despite the soaring number of new infections, the Ministry of Health reports a fall in the number of serious cases and people on ventilators.
Posted: June 24, 2020, 6:57 am
The REIT fund has bought 80 apartments for rent in the "Etz Haim" project adjacent to Mahanei Yehuda market for NIS 200 million.
Posted: June 23, 2020, 7:29 pm
Turkish Airlines is recommencing flights on its Tel Aviv - Istanbul route tomorrow with four flights over the next week.
Posted: June 23, 2020, 6:03 pm
The 400 employees on unpaid leave have been offered retirement packages and stores will close earlier and not open on Saturday nights.
Posted: June 23, 2020, 5:00 pm
The company’s platform was designed to manage all the re-engagement activity of brands, including gift cards, loyalty cards, rewards, and refunds.
Posted: June 23, 2020, 3:58 pm
The planned 750 acre solar energy field near Dimona will supply 300 megawatt when operational.
Posted: June 23, 2020, 3:34 pm
The state will bear the cost of tax imposed on benefits and expense refunds received by Benjamin Netanyahu.
Posted: June 23, 2020, 3:19 pm
The Israeli company also announced the launch of its automated authorization governance and management solution.
Posted: June 23, 2020, 2:51 pm
Adv. Oded Eran took up the post in 2017 but resigned earlier this month due to ill health.
Posted: June 23, 2020, 1:33 pm
SciPlay said that the Israeli company's 40 employees will join its international team.
Posted: June 23, 2020, 1:16 pm
Over the past month, the Israeli currency has stabilized beneath the NIS 3.50/$ level - very slightly weaker than before the crisis.
Posted: June 23, 2020, 12:34 pm
The government has increased the fine for not wearing a mask in public to NIS 500 and vowed to enforce it.
Posted: June 22, 2020, 9:21 pm
Shlomo Rodav has stepped down after his attempts to strengthen the board at the expense of the controlling shareholder.
Posted: June 22, 2020, 8:25 pm
Berggruen Residential will reduce the debt suit from NIS 291 million to just NIS 40 million.
Posted: June 22, 2020, 6:38 pm
El Al representatives have asked the Knesset Economics Committee to extend the moratorium on refunds to 120 days - August 31.
Posted: June 22, 2020, 5:52 pm
Microsoft says that the Israeli startup will accelerate and secure the Internet of Things deployments of its customers.
Posted: June 22, 2020, 4:44 pm
Piedmont Enterprises is planning a 50-room boutique hotel and a 21-floor residential tower based on the preserved building of the former Elizabeth Hotel.
Posted: June 22, 2020, 4:07 pm
Elbit will provide Israel's Ministry of Defense with operation, maintenance and logistic services for the Textron T-6 trainer aircraft fleet over five years, with an option for a further five years.
Posted: June 22, 2020, 3:16 pm
The Tel Aviv Local Planning and Building Committee is set to reduce the parking space allocation required for new development.
Posted: June 22, 2020, 2:53 pm
The Sports Betting Board and football clubs are pressing for expansion of betting - with a payoff for the state.
Posted: June 22, 2020, 2:50 pm
Israel Aerospace will convert three more passenger planes to cargo planes for the German parcel company, with an option for a fourth.
Posted: June 22, 2020, 2:18 pm
Plunging stock markets led to huge losses on investment portfolios, while the fear is that customers' positions will worsen.
Posted: June 22, 2020, 11:38 am
Researchers at the Israel Institute for Biological Research and the Weizmann Institute of Science have published positive trial results on hamsters.
Posted: June 21, 2020, 7:18 pm
Harel is paying NIS 100 million for half the stake held by the Morris Kahn family office.
Posted: June 21, 2020, 5:09 pm
Perrigo has sold UK liquid prescription medicines unit Rosemont Pharmaceuticals to a UK private equity fund.
Posted: June 21, 2020, 4:14 pm
The planners estimate that in 2030, there will be 18-30 trains to Eilat per day with 5.2 million passengers using the service annually.
Posted: June 21, 2020, 3:47 pm
The International Air Transport Association has warned the Israeli government that delaying the restart of air travel could affect over 95,000 jobs.
Posted: June 21, 2020, 2:53 pm
A selection of recent real estate deals in Israel including in Bat Yam, Ramat Hasharon, Netanya, Hadera and Dimona.
Posted: June 21, 2020, 1:52 pm
Epidemiologists say the IDF Intelligence Corps report predicting a steep rise in fatalities contains severe errors.
Posted: June 21, 2020, 1:27 pm
The bank announced at the beginning of the month that Eran was taking indefinite leave because of ill health.
Posted: June 21, 2020, 1:26 pm
Eduardo Elsztain is now proposing a NIS 360 million cash injection and a 30-35% haircut.
Posted: June 21, 2020, 10:48 am
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