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Israel Business News Feeds

Main Headlines from Globes

Health Minister resigns over Saturday railway maintenance (Nov 24, 2017 12:24 PM)
Yaakov Litzman's United Torah Judaism party will remain in the coalition but outside the cabinet.

Police recommend indicting Avriel Bar-Yosef for bribery (Nov 23, 2017 08:48 PM)
Bar-Yosef is suspected of committing serious crimes when he was deputy head of the National Security Council.

Thu: Teva, banks up strongly (Nov 23, 2017 08:16 PM)
The Tel Aviv 35 Index recorded a positive end to a positive week, with all leading stocks rising.

PM reprimands Hotovely for berating US Jewry (Nov 23, 2017 06:07 PM)
The Deputy Foreign Minister told i24news that US Jews do not serve in the IDF and do not understand what Israelis are going through.

BoI to purchase $1.5b in foreign currency in 2018 (Nov 23, 2017 04:35 PM)
The purchases will offset the impact on the balance of payments resulting from natural gas production. The Bank of Israel will also make additional purchases.

Shandong Ruyi buys Bagir (Nov 23, 2017 04:34 PM)
The Chinese company wants to use Bagir's Ethiopian plant to get an exemption on customs duties for exports to the US and Europe.

Unemployment edges up (Nov 23, 2017 03:18 PM)
Unemployment rose to 4.2% in October, the Central Bureau of Statistics reports.

PM reprimands Hovotely for berating US Jewry (Nov 23, 2017 03:01 PM)
The Deputy Foreign Minister told i24news that US Jews do not serve in the IDF and do not understand what Israelis are going through.

IBI: Teva layoffs ready investors for offering (Nov 23, 2017 02:15 PM)
IBI analyst Steven Tepper says that an offering for Teva is an urgent matter.

IBI: Teva layoffs preparing investors for an offering (Nov 23, 2017 02:11 PM)
IBI analyst Steven Tepper says that an offering for Teva is an urgent matter.

UK buying Iron Dome to defend Falklands (Nov 23, 2017 12:47 PM)
UK Defense Ministry: We selected Rafael for a £78 million contract to provide the main computer system and boost our defense of the Falkland Islands.

Shekel stronger as dollar sinks worldwide (Nov 23, 2017 11:40 AM)
The dollar was down on world markets after the minutes of the most recent US Fed meeting revealed concerns about the economy.

Teva plans over 1,000 layoffs in Israel (Nov 23, 2017 11:24 AM)
New CEO Kare Schultz plans shedding 20% of Teva's workforce worldwide. CSO Dr. Michael Hayden is expected to be replaced.

Teva plans 1,000 layoffs in Israel (Nov 23, 2017 11:09 AM)
New CEO Kare Schultz plans shedding 20% of Teva's workforce worldwide. CSO Dr. Michael Hayden is expected to be replaced.

Hapoalim sets aside $80m more for US fines (Nov 23, 2017 11:08 AM)
The Israeli bank has now set aside NIS 960 million for fines to the US authorities for allegedly helping US citizens evade tax.

Teva plans 1,000 layoffs in Israel (Nov 23, 2017 10:05 AM)
New CEO Kare Schultz plans shedding 20% of Teva's workforce worldwide. CSO Dr. Michael Hayden is expected to be replaced.

Lot opposite Dan Tel Aviv sold for NIS 21m (Nov 23, 2017 09:59 AM)
A seven-floor building with 27 apartments is planned for the site.

Teva plans 1,000 layoffs in Israel (Nov 23, 2017 09:57 AM)
New CEO Kare Schultz plans shedding 20% of Teva's workforce worldwide. CSO Dr. Michael Hayden is expected to be replaced.

Revealed: ThyssenKrupp paid Michael Ganor €10.2m (Nov 23, 2017 09:09 AM)
"Globes" reveals exclusive details about payments to the German submarine builder's Israeli representative, who bribed senior Israeli military and political figures.

High demand for PennantPark TASE bond offering (Nov 23, 2017 08:35 AM)
PennantPark Floating Rate Capital Ltd. has priced an institutional offering of $138.7 million (NIS 490 million) on the TASE.

New NIS 20 and NIS 100 bills enter circulation (Nov 23, 2017 07:11 AM)
The new Israeli bills are now available to the public through the commercial banks, automatic teller machines, and post office branches.

New NIS 20 and NIS 100 bills enter circulation (Nov 23, 2017 06:57 AM)
The new Israeli bills are now available to the public through the commercial banks, automatic teller machines, and post office branches.

Real estate rental co C2 Communities raises $1.2m (Nov 22, 2017 09:01 PM)
Founder Hadar Goldman: The US rental real estate market is behind the times.

Dutch co to invest €1.8m in Israeli cannabis venture (Nov 22, 2017 06:25 PM)
The company is setting up a farm and packaging plant for medical cannabis.

Wed: Teva back on the rise (Nov 22, 2017 06:22 PM)
Teva and Partner led the gains today while Bezeq fell sharply.

UK buying Iron Dome system to defend Falklands (Nov 22, 2017 05:10 PM)
UK Defense Ministry: We selected Rafael for a £78 million contract to provide the main computer system and boost our defense of the Falkland Islands.

Israeli co Plasan unveils Sand Cat armored vehicle (Nov 22, 2017 05:07 PM)
The Sand Cat enables 10 policemen to move safely in a vehicle that is no larger than an average family SUV.

Cyprus, Egypt in talks on gas pipeline (Nov 22, 2017 04:58 PM)
Natural gas piped from Cyprus can either be used in Egypt or exported to Europe.

Israeli co Plasan unveils SandCat armored vehicle (Nov 22, 2017 04:06 PM)
The SandCat enables 10 policemen to move safely in a vehicle that is no larger than an average family SUV.

iPhone X Israel sales begin Wed evening (Nov 22, 2017 03:58 PM)
A price war is developing between the chains marketing the phone.

UK buying Iron Dome system to defend Falklands (Nov 22, 2017 03:35 PM)
UK Defense Ministry: We selected Rafael for a £78 million contract to provide the main computer system and boost our defense of the Falkland Islands.

International co buys Laline stake (Nov 22, 2017 01:14 PM)
The international personal care and cosmetics company will receive a four-year option to acquire the entire company.

Perrigo completes sale of Israeli unit Chemagis for $110m (Nov 22, 2017 12:47 PM)
SK Capital has renamed the API company Wavelength Pharmaceuticals.

AI company analysis startup Zirra raises $2m (Nov 22, 2017 12:27 PM)
The Tel Aviv based company has also entered into a strategic agreement today with ELITE, London Stock Exchange Group's business support and capital raising program.

El Al profit down 29% (Nov 22, 2017 12:15 PM)
Trading in the Israeli carrier's share has been volatile in recent days.

Shekel gains ground against dollar (Nov 22, 2017 11:49 AM)
The stronger euro and weaker dollar on world markets is reflected in shekel forex trading today in Tel Aviv.

Israeli gaming co Playtrex teams with Mayweather (Nov 22, 2017 11:43 AM)
Floyd Mayweather: As soon as I saw Wild Poker, I knew I wanted to become part of it.

Shekel gains ground against dollar (Nov 22, 2017 10:53 AM)
The stronger euro and weaker dollar is reflected in shekel forex trading today in Tel Aviv.

Shekel gains ground against dollar (Nov 22, 2017 10:50 AM)
The stronger euro and weaker dollar is reflected in shekel forex trading today in Tel Aviv.

Cellcom revenue and profit slightly down in Q3 (Nov 22, 2017 10:17 AM)
CEO Nir Sztern: Cellcom tv operations shifted to profitability and to a positive contribution to the company's results in the third quarter of 2017.

Small businesses chief wants Palestinian work permits doubled (Nov 22, 2017 06:45 AM)
Association of Craft and Industry in Israel president Yossi Alkoby says small businesses suffer from a shortage of skilled workers.

World's most valuable diamond being polished in Israel (Nov 21, 2017 09:11 PM)
Canadian mining company Lucara Diamond mined the 813-carat diamond in Botswana, and sold it for $63 million.

World's most valuable diamond being polished in Israel (Nov 21, 2017 08:17 PM)
Canadian mining company Lucara Diamond mined the 813-carat diamond, was sold for $63 million, in Botswana, 

Comptroller: Rampant nepotism in Beit Shemesh municipality (Nov 21, 2017 06:45 PM)
Over half of the municipality's employees have at least one other relative working there.

Tue: Partner boosts TASE (Nov 21, 2017 06:28 PM)
Partner and Cellcom led the gains today as Teva continued falling.

Israeli AI co Coneuron raises $4m (Nov 21, 2017 06:00 PM)
The company's goal is to provide a tool that will allow young people to control their virtual lives.

Chengdu Kanghong Pharma buys Israel's IOPtima for $56m (Nov 21, 2017 05:35 PM)
The acquisition of the ophthalmology products company will generate $23-27.3 million in cash flow for BioLight, IOPtima's controlling shareholder.

Construction site management co Buildup raises $7m (Nov 21, 2017 05:17 PM)
The Israeli company has developed an app to manage complex construction projects and reports that it can speed up construction by 25%.

Construction site management co Buildup raises $7m (Nov 21, 2017 05:12 PM)
The Israeli company has developed an app to manage complex construction projects and reports that it can speed up construction by 25%.

Construction site management co Buildup raises $7m (Nov 21, 2017 04:30 PM)
The Israeli company has developed an app to manage complex construction projects and reports that it can speed up construction by 25%.

Israeli IoT cybersecurity co SCADAfence raises $10m (Nov 21, 2017 04:00 PM)
The Tel Aviv based company provides cybersecurity systems for industrial operational technology (OT) networks.

El Al share price hits turbulence ahead of Q3 results (Nov 21, 2017 02:49 PM)
The Israeli carrier's share price has fallen over 50% in the past year although it has risen 250% over the past three years.

Kahlon unveils national nursing care insurance plan (Nov 21, 2017 01:55 PM)
Histadrut chairman: Israel has revolutionized its nursing care.

Shekel weaker against dollar stronger against euro (Nov 21, 2017 01:40 PM)
The shekel remains robust after Israel's stronger than expected third quarter growth data.

Starboard buys 10.7% Mellanox stake amid takeover speculation (Nov 21, 2017 12:40 PM)
The US activist investor says the Israeli big data connectivity company spends too much on R&D, reports the "Wall Street Journal."

Starboard buys 10.7% Mellanox stake amid takeover speculation (Nov 21, 2017 12:12 PM)
The US activist investor says the Israeli big data connectivity company spends too much on R&D, reports the "Wall Street Journal."

Starboard buys 10.7% Mellanox stake amid takeover speculation (Nov 21, 2017 12:11 PM)
The US activist investor says the Israeli big data connectivity company spends too much on R&D, reports the "Wall Street Journal."

Partner Q3 profit nearly triples (Nov 21, 2017 11:05 AM)
30,000 subscribers have joined Partner's television service.

Frutarom posts record quarter; raises sales target (Nov 21, 2017 10:50 AM)
Frutarom president and CEO Ori Yehudai: We are raising our target sales for 2020 to US$ 2.25 billion.

Partner Q3 profit nearly triples (Nov 21, 2017 10:03 AM)
30,000 subscribers have joined Partner's television service.

Leumi Q3 profit down 11% to NIS 820m (Nov 21, 2017 09:41 AM)
The corresponding quarter's profit reflected material one-time income. The bank has raised its dividend.

Banks to inform Tax Authority on customers' foreign investments (Nov 21, 2017 09:40 AM)
Israelis investing abroad no longer need inform the Tax Authority about such investments in advance, instead the banks will provide data about overseas payments.

Leumi Q3 profit down 11% to NIS 820m (Nov 21, 2017 09:37 AM)
The corresponding quarter's profit reflected material one-time income. The bank has raised its dividend.

DiA Imaging Analysis teams with GE healthcare (Nov 20, 2017 07:24 PM)
DiA has developed automated imaging analysis technology for ultrasound designed for non-specialist medical personnel.

Banks to provide data to Tax Authority on foreign investments (Nov 20, 2017 07:02 PM)
Israelis investing abroad no longer need inform the Tax Authority about such investments in advance, instead the banks will provide data about overseas payments.

Mon: Teva rally ends (Nov 20, 2017 06:34 PM)
The TASE edged up today led by Discount Bank and Mizrahi Tefahot while Teva resumed falling.

Liberman requests NIS 4.8b more for defense (Nov 20, 2017 06:27 PM)
Minister of Defense Avigdor Liberman: Major and dramatic change in the region entails reopening the accord on defense spending.  

India scraps $500m Rafael missile deal - report (Nov 20, 2017 05:35 PM)
The Indian Defense Ministry has pulled out of talks for the Israeli company's Spike antitank missile, the "Indian Express" reports.

India scraps $500m Rafael missile deal - report (Nov 20, 2017 05:33 PM)
The Indian Defense Ministry has pulled out of talks for the israeli company's Spike antitank missile, the "Indian Express" reports.

Fattal to build new Eilat hotel (Nov 20, 2017 04:56 PM)
The 13-floor hotel will be adjacent to the north beach's Herods Palace hotel.

Israeli headhunting co Talenya raises $3m (Nov 20, 2017 04:29 PM)
The company has developed an efficient solution for hiring high-tech talent using big data, artificial intelligence and machine learning.

Fattal to build new Eilat hotel (Nov 20, 2017 04:06 PM)
The 13-floor hotel will be adjacent to the north beach's Herod's Palace hotel.

Starwood Capital, PennantPark plan TASE bond offerings (Nov 20, 2017 02:45 PM)
PennantPark and Starwood will join 30 other US companies that have raised debt worth NIS 18 billion on the TASE.

BoI lifting restrictions on opening online bank accounts (Nov 20, 2017 02:08 PM)
New customers will no longer have to visit a bank branch for identification before opening an online account.

NCL targets 85,000-strong annual Israel cruise market (Nov 20, 2017 01:47 PM)
Norwegian Cruise Line VP: Israel is in 6th place worldwide in per capital cruise passengers.

Wizz Air to offer daily Tel Aviv-London flights (Nov 20, 2017 12:39 PM)
From next March, Wizz Air will operate daily flights on the route instead of the current four flights a week.

Wizz Air to offer daily Tel Aviv-London flights (Nov 20, 2017 12:35 PM)
From next March, Wizz Air will operate daily flights on the route instead of the current four flights a week.

NCL targets 85,000-strong annual Israel cruise market (Nov 20, 2017 11:50 AM)
Norwegian Cruise Line VP: Israel is in 6th place worldwide in per capital cruise passengers.

Cellcom, Partner in talks on joint fiber-optic infrastructure (Nov 20, 2017 11:14 AM)
If agreement is reached, it will allow the two mobile companies to avoid duplicated future deployment.

Tamar flotation lifts Delek Drilling Q3 profit to $617m (Nov 20, 2017 10:29 AM)
Consumption of natural gas in Israel rose 5.6% in the first nine months of 2017. 

Former Tnuva execs set up new food company (Nov 20, 2017 10:05 AM)
Arik Shor and Eyal Arad have teamed with Miki Delicatessen to boost market penetration for Israel's smaller food companies.

AtlasGlobal to operate daily Tel Aviv - Istanbul flights (Nov 20, 2017 09:57 AM)
Just two weeks after launching flights to Israel, AtlasGlobal has announced daily flights from December 1.

Former Tnuva execs set up new food company (Nov 20, 2017 09:55 AM)
Arik Shor and Eyal Arad have teamed with Miki Delicatessen to boost market penetration for Israel's smaller food companies.  

NCL targets 85,000-strong annual Israel cruise market (Nov 19, 2017 09:09 PM)
Norwegian Cruise Line VP: Israel is in 6th place worldwide in per capital cruise passengers.

Israeli regulator mulls removing gasoline price controls (Nov 19, 2017 06:22 PM)
Price controls were removed on diesel in 1993 and that market has become much more competitive than the gasoline market.

Sun: Teva lifts TASE (Nov 19, 2017 05:32 PM)
Teva rose strongly while Oil Refineries and Perrigo led the declines.

Israeli startup exits hit post dot.com record in Q3 (Nov 19, 2017 05:04 PM)
Harel chief economist: The potential contribution of acquired companies moved overseas is lost to the Israeli economy.

VBL Therapeutics raising $18.75m in Nasdaq offering (Nov 19, 2017 04:40 PM)
The Israeli drug development company's lead product is a targeted anti-cancer gene-therapy agent to treat a wide range of solid tumors.

Teva recovery gains momentum (Nov 19, 2017 03:59 PM)
Despite no major announcements, Teva's share price has risen 23% since it hit a low point after the company's third quarter results.

Apartments sold and rented (Nov 19, 2017 03:35 PM)
A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Haifa, Kfar Saba, Sderot and Dimona.

ReWalk raises $7.2m in secondary Nasdaq offering (Nov 19, 2017 02:01 PM)
Most of the money is designated for funding the company's upcoming clinical trial for stroke treatment.

AtlasGlobal to operate daily Tel Aviv - Istanbul flights (Nov 19, 2017 12:51 PM)
Just two weeks after launching flights to Israel, AtlasGlobal has announced daily flights from December 1.

Court orders PA, terrorists to pay attack victims NIS 62m (Nov 19, 2017 12:34 PM)
The ruling relates to a drive-by shooting in August 2001 on Road 443 in which three Israeli Jews were murdered.

Court orders PA, terrorists to pay NIS 62m to attack victims (Nov 19, 2017 12:25 PM)
The ruling relates to a drive-by shooting in August 2001 on Road 443 in which three Israeli Jews were murdered.  

Beauty and lifestyle services co Missbeez raises $4m (Nov 19, 2017 12:02 PM)
Missbeez is a mobile platform providing a variety of lifestyle and beauty services to busy entrepreneurs.

IDI profit soars; Battery Ventures sells shares (Nov 19, 2017 10:46 AM)
IDI Direct Insurance's third quarter profit grew by 112% to NIS 58 million. 

Israel Tax Authority makes claiming disabled child credits easier (Nov 19, 2017 10:22 AM)
Parents of disabled children need no longer apply to Income Tax Offices or present medical certificates.

Daimler CEO inaugurates Tel Aviv R&D center (Nov 19, 2017 09:13 AM)
The Israeli center's 25 employees will help develop the new generation of Mercedes-Benz autonomous cars, said Dieter Zetsche.

Israeli Startup Companies and Venture Capital from Globes

Real estate rental co C2 Communities raises $1.2m (Nov 22, 2017 09:01 PM)
Founder Hadar Goldman: The US rental real estate market is behind the times.

AI company analysis startup Zirra raises $2m (Nov 22, 2017 12:27 PM)
The Tel Aviv based company has also entered into a strategic agreement today with ELITE, London Stock Exchange Group's business support and capital raising program.

Israeli gaming co Playtrex teams with Mayweather (Nov 22, 2017 11:43 AM)
Floyd Mayweather: As soon as I saw Wild Poker, I knew I wanted to become part of it.

Construction site management co Buildup raises $7m (Nov 21, 2017 08:45 PM)
The Israeli company has developed an app to manage complex construction projects and reports that it can speed up construction by 25%.

Israeli AI co Coneuron raises $4m (Nov 21, 2017 06:00 PM)
The company's goal is to provide a tool that will allow young people to control their virtual lives.

Israeli IoT cybersecurity co SCADAfence raises $10m (Nov 21, 2017 04:00 PM)
The Tel Aviv based company provides cybersecurity systems for industrial operational technology (OT) networks.

DiA Imaging Analysis teams with GE Healthcare (Nov 20, 2017 07:34 PM)
DiA has developed automated imaging analysis technology for ultrasound designed for non-specialist medical personnel.

Israeli headhunting co Talenya raises $3m (Nov 20, 2017 04:29 PM)
The company has developed an efficient solution for hiring high-tech talent using big data, artificial intelligence and machine learning.

Israeli startup exits hit post dot.com record in Q3 (Nov 19, 2017 05:04 PM)
Harel chief economist: The potential contribution of acquired companies moved overseas is lost to the Israeli economy.

Beauty and lifestyle services co Missbeez raises $4m (Nov 19, 2017 12:02 PM)
Missbeez is a mobile platform providing a variety of lifestyle and beauty services to busy entrepreneurs.

Cyber-risk insurance co At-Bay raises $6m (Nov 17, 2017 10:33 AM)
Together with its cyber insurance policy and risk insights, the Israeli company allows clients and brokers to better manage and control cyber risk.

Gastro-intestinal drug co RDD Pharma raises $9.5m (Nov 17, 2017 10:03 AM)
The Israeli company will use the new funding to advance programs in anal fissure, fecal incontinence, radiation colitis/proctitis and pruritus ani.

How Argus drove to the exit (Nov 16, 2017 08:45 PM)
Argus's CEO and CMO talk about their competitive advantage and how they might expand from car cybersecurity.

Outbrain appoints David Kostman as co-CEO (Nov 16, 2017 09:32 AM)
The experienced Israeli will work alongside the content recommendation company's CEO and cofounder Yaron Galai.

Israeli AI log analysis co Logz.io raises $23m (Nov 15, 2017 03:21 PM)
The company has triple revenue and the number of its customers over the past year.

Israeli AI job finder co Woo raises $7m (Nov 14, 2017 05:35 PM)
The company also announced the launch of “Helena”, a groundbreaking AI-driven headhunter that automatically scouts, approaches and sources the best candidates on behalf of employers.

Medical cybersecurity co Medigate raises $5.35m (Nov 14, 2017 04:00 PM)
The Tel Aviv based digital health company secures the use of the millions of connected medical devices on healthcare provider networks.

The women changing the face of the Startup Nation (Nov 8, 2017 06:29 PM)
"Lady Globes" presents the outstanding Israeli women entrepreneurs of 2017.

Israeli startups beginning to see benefits of New York (Nov 6, 2017 04:11 PM)
Some Israeli startups prefer to set up their headquarters in New York rather than Silicon Valley. Microsoft Accelerator Israel head Navot Volk explains why.

Yissum CEO seeks to connect academia and industry (Oct 18, 2017 02:16 PM)
Dr. Yaron Daniely reveals that Yissum gave Hebrew University over NIS 800 million in research funds, royalties, and shares over the past decade.

Accelmed fattening Cogentix for sale (Oct 2, 2017 07:37 PM)
Accelmed seeks to replicate its success formula in urology, as portfolio company Cogentix makes a third acquisition.

Israel to double number of high-tech employees (Oct 2, 2017 07:27 PM)
The Israel Innovation Authority's annual report includes an operational plan for doubling the proportion of high-tech employees in the workforce over the next decade. 

SilicoNegev to boost southern entrepreneurship (Apr 3, 2017 05:37 PM)
The winning startup in a Negev competition will be granted a NIS 500,000 investment.

Betrayal (Mar 5, 2017 04:36 PM)
It's the only word to describe the failure of Israeli financial institutions to invest in our high-tech industry.

Waze deal leaks were deliberate (Jun 12, 2013 05:25 PM)
It is now quite clear that the rumor mill and leaks about the Waze acquisition were no coincidence, but were carefully orchestrated.

Waze to go (Jun 10, 2013 04:55 PM)
Waze is a highly unusual exit for the Israeli tech industry, but it points to a new level of capabilities.

Did Waze really need the Chief Scientist? (May 26, 2013 04:58 PM)
Waze would have gotten along without government financing, but the company may be an interesting example of the real potential profits for the Israeli economy.


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