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Israel Business News Feeds

Main Headlines from Globes

BoI: US poses risk to Israel's financial stability (Jan 22, 2018 05:29 PM)
The Bank of Israel's Financial Stability Report is concerned about the increasingly fragile political situation in the US.

Teva asthma drug Phase III trial misses target (Jan 22, 2018 04:08 PM)
A Phase III registration study evaluating subcutaneously administered reslizumab (110 mg) in a pre-filled syringe did not meet its primary endpoint.

Israeli economy exposed to housing price drop, BoI warns (Jan 22, 2018 03:16 PM)
Bank of Israel: The risk of a steep and rapid fall in housing prices is medium-high.

Michael Dell's MSD fund takes stake in Leumi USA (Jan 22, 2018 02:34 PM)
Bank Leumi has sold 15% of Bank Leumi USA to two US investment funds.

Israeli ID protection co D-ID raises $4m (Jan 22, 2018 02:29 PM)
The Tel Aviv-based startup has developed an innovative, deep learning solution to protect identities from face recognition technologies.

Michael Dell's MSD fund takes stake in Leumi USA (Jan 22, 2018 01:16 PM)
Bank Leumi has sold 15% of Bank Leumi USA to two US investment funds.

Kahlon signs order abolishing selected customs duties (Jan 22, 2018 01:16 PM)
Minister of Finance Moshe Kahlon: We're returning surplus taxes to the taxpayers.

Michael Dell's MSD fund takes stake in Leumi USA (Jan 22, 2018 12:59 PM)
Bank Leumi has sold 15% of Bank Leumi USA to two US investment funds.

Treasury team says shorten ICL's Dead Sea concession (Jan 22, 2018 11:16 AM)
The team recommends a tender for the concession, with the formation of a government company as a fallback.

Treasury team says shorten ICL's Dead Sea concession (Jan 22, 2018 11:14 AM)
The team appointed recommends a tender for the concession, with the formation of a government company as a fallback.

Shareholders agree to sell control of TASE (Jan 21, 2018 08:52 PM)
Holders of 71.7% of the TASE's shares have agreed to the sale of their shares to a foreign buyer, if one is found.

Elliott Associates wants to lead Bezeq takeover (Jan 21, 2018 08:49 PM)
Foreign investors are expected to join the takeover in response to an offer from the fund.

Sun: Bezeq rally continues as TASE slips (Jan 21, 2018 06:30 PM)
Bezeq and Partner led the gains today as Israel Corp. and Israeli Chemicals fell.

Breakthrough drone co APG Aero Systems raises $3m (Jan 21, 2018 06:11 PM)
The company is promising to deliver an "aircraft that cannot be imitated," which includes solar energy powered UAVs.

IAI completes NIS 4b Italian reciprocal procurement deal (Jan 21, 2018 06:02 PM)
Israel Aerospace has delivered a second early warning plane under the reciprocal procurement deal in which Israel bought 30 training aircraft from Italy.

CaesarStone to pay Kfar Giladi NIS 50m compensation (Jan 21, 2018 05:06 PM)
After an arbitration process lasting six years, CaesarStone received 15% of the money it was claiming for a terminated agreement.

Mellanox reports strong fourth quarter results (Jan 21, 2018 05:06 PM)
Under pressure from activist investor Starboard, the company beat the analysts' forecasts and gave positive guidance for 2018.

Apartments sold and rented (Jan 21, 2018 05:05 PM)
A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Modi'in, Tsfat, Beersheva and Sderot.

Ryanair backs down on Israel-only baggage charge (Jan 21, 2018 05:05 PM)
Passengers on flights to and from Israel will now be able to stow their cabin-bags for free in the hold.

Teva hit as US hospitals form generic drug rival (Jan 21, 2018 05:05 PM)
A consortium of five organizations with 450 hospitals has set up a not-for-profit generic drug company to bring down prices.

Amazon entry into Israel gains momentum (Jan 21, 2018 05:04 PM)
Amazon representatives have been in Israel to map the trade terms here in fashion and textiles, books and media items, and electronics products.

UroGen Pharma raises $60m in Nasdaq offering (Jan 21, 2018 05:04 PM)
The drug delivery developer's share price has risen 230% since its IPO in April 2017.

Gov't long-term rental project homes stand empty (Jan 21, 2018 05:04 PM)
The empty apartments are the larger ones in Ramat Hasharon on higher floors rented at market prices.

Apartments sold and rented (Jan 21, 2018 04:53 PM)
A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Modi'in, Tsfat, Beersheva and Sderot.

Amazon entry into Israel gains momentum (Jan 21, 2018 04:25 PM)
Amazon representatives have been in Israel to map the trade terms here in fashion and textiles, books and media items, and electronics products.

UroGen Pharma raises $60m in Nasdaq offering (Jan 21, 2018 03:56 PM)
The drug delivery developer's share price has risen 230% since its IPO in April 2017.

Gov't long-term rental project homes stand empty (Jan 21, 2018 02:33 PM)
The empty apartments are the larger ones in Ramat Hasharon on higher floors rented at market prices.

CaesarStone to pay Kfar Giladi NIS 50m compensation (Jan 21, 2018 01:47 PM)
After an arbitration process lasting six years, CaesarStone received 15% of the money it was claiming for a terminated agreement.

Mellanox reports strong fourth quarter results (Jan 21, 2018 01:31 PM)
Under pressure from activist investor Starboard, the company beat the analysts' forecasts and gave positive guidance for 2018.

CaesarStone to pay Kfar Giladi NIS 50m compensation (Jan 21, 2018 01:28 PM)
After an arbitration process lasting six years, Caesarstone received 15% of the money it was claiming for a terminated agreement.

NIS 400m offer to purchase for Equital by YHK (Jan 21, 2018 12:21 PM)
Equital is to merge with JOEL, its subsidiary, in order to comply with the anti-concentration law.

Shekel strengthens again despite BoI intervention (Jan 21, 2018 11:51 AM)
The representative shekel-dollar rate fell on Friday to NIS 3.406.

Enlight in talks on buying 150 MW wind project in Europe (Jan 21, 2018 11:46 AM)
The project is estimated to cost €150 million.

Shekel strengthens again despite BoI intervention (Jan 21, 2018 10:47 AM)
The representative shekel-dollar rate fell on Friday to NIS 3.406.

Shekel strengthens despite BoI intervention (Jan 21, 2018 10:46 AM)
The representative shekel-dollar rate fell on Friday to NIS 3.406.

Teva hit as US hospitals form generic drug rival (Jan 18, 2018 08:56 PM)
A consortium of five organizations with 450 hospitals has set up a not-for-profit generic drug company to bring down prices.

Amazon entry into Israel gains momentum (Jan 18, 2018 07:25 PM)
Amazon representatives have been in Israel to map the trade terms here in fashion and textiles, books and media items, and electronics products.

Elbit Systems wins $85m contract in Europe (Jan 18, 2018 07:21 PM)
The contract is for advanced ground-based electronic warfare and signal intelligence systems.

Akeneo buys Israeli product data automation co Sigmento (Jan 18, 2018 06:59 PM)
Sigmento founders Izzy Cohen, Yoav Maor and Yonatan Maor will join the management team of French company Akeneo.

Thu: Teva slide gains momentum (Jan 18, 2018 06:55 PM)
Teva fell strongly for the second straight session while Bezeq's strong gains continued.

Elliott Associates seeks allies in battle for Bezeq (Jan 18, 2018 05:03 PM)
The fund is trying to join forces with other Bezeq shareholders to replace company directors.

Ryanair backs down on Israel-only baggage charge (Jan 18, 2018 04:58 PM)
Passengers on flights to and from Israel will now be able to stow their cabin-bags for free in the hold.

HSBC sees shekel weakening (Jan 18, 2018 04:21 PM)
The bank predicts that the shekel-dollar exchange rate will rise to NIS 3.51/$.

Netanyahu: We need an Israel-India direct air route (Jan 18, 2018 02:33 PM)
Prime Minister Benjamin Netanyahu today spoke to businesspeople at a power breakfast with Devendra Gangadharrao Fadnavis, the chief minister of Maharashtra Province.

Israeli bus ticket app co HopOn raises $3.5m (Jan 18, 2018 01:49 PM)
The company's app automatically buys a public transportation ticket without the telephone being removed from the owner's pocket.

Israeli bus ticket app co HopOn raises $3.5m (Jan 18, 2018 01:45 PM)
The company's app automatically buys a public transportation ticket without the telephone being removed from the owner's pocket.

Shekel resumes gains (Jan 18, 2018 01:31 PM)
The Israeli currency is moving strongly back towards the key NIS 3.40/$ threshold.

Akeneo buys Israeli product data automation co Sigmento (Jan 18, 2018 01:02 PM)
Sigmento founders Izzy Cohen, Yoav Maor and Yonatan Mao will join the management team of French company Akeneo.

Microsoft names Assaf Rappaport head of Israel R&D (Jan 18, 2018 11:51 AM)
Rappaport, who came to Microsoft when the company acquired Adallom, replaces Yoram Yaacovi, who announced last September that he was leaving after twenty years in the post.

Elbit Systems wins $85m contract in Europe (Jan 18, 2018 10:59 AM)
Th contract is for advanced ground-based electronic warfare and signal intelligence systems.

Gershon Salkind's Elco shares to be divided equally between sons (Jan 18, 2018 10:47 AM)
Daniel and Michael Salkind will inherit their father's stake in the company.

Starboard escalates Mellanox fight (Jan 18, 2018 10:01 AM)
US activist fund Starboard is demanding the replacement of Mellanox's board of directors.

BoI weakens shekel with foreign currency purchases (Jan 18, 2018 07:18 AM)
The shekel had been hovering around the NIS 3.40/$ level for the first time since July 2011.

Plans approved to transform Herzliya's Arena mall (Jan 17, 2018 08:49 PM)
Access to the mall will be improved by lifting off the roof and converting it to an open-air mall.

Irrigation co IRRI-Altal set for Toronto offering (Jan 17, 2018 08:48 PM)
The Kibbutz Ramat David-based company plans to merge with a stock exchange shell in order to raise C$5-10 million.

Wed: Teva drags market down (Jan 17, 2018 06:33 PM)
Teva slumped for the first time this year while Opko led the falls. Bezeq continues to gain strongly.

Rafael's Indian Spike missile deal revived (Jan 17, 2018 06:20 PM)
Netanyahu: Before we came, the deal had been taken off the table, and in the current visit, we put it back on the table.

Ryanair introduces Israel-only baggage charge (Jan 17, 2018 05:52 PM)
Only passengers flying to and from Israel must pay €50 to stow wheelie-bags in the hold - a service all other destinations receive for free.

Ryanair introduces Israel-only baggage charge (Jan 17, 2018 05:32 PM)
Only passengers flying to and from Israel must pay €50 to stow wheelie-bags in the hold - a service all other destinations receive for free.

Israeli IoT cybersecurity co VDOO raises $13m (Jan 17, 2018 04:59 PM)
Based in Herzliya, VDOO is securing the Internet of Things ecosystem.

Effective Space signs $100m satellite life extension deal (Jan 17, 2018 04:29 PM)
The Israeli startup will send drones to refuel aging communications satellites and keep them in orbit for another five years.

Frutarom sells krill oil business for $26.4m (Jan 17, 2018 03:07 PM)
Norway's Aker BioMarine will buy the business bought by Frutarom from Enzymotec.

IOTA cryptocurrency ledger to set up Israel office (Jan 17, 2018 02:58 PM)
The company offices will have about 10 employees in the R&D division.

Indian consortium slow to fulfil energy tender terms (Jan 17, 2018 01:35 PM)
The tender results awarding the consortium an exploration concession were published over a month ago.

IOTA cryptocurrency ledger to set up Israel office (Jan 17, 2018 01:34 PM)
The company offices will have about 10 employees in the R&D division.

BoI weakens shekel with foreign currency purchases (Jan 17, 2018 12:41 PM)
The shekel had been hovering around the NIS 3.40/$ level for the first time since July 2011.

Palo Alto Networks opens new Tel Aviv R&D office (Jan 17, 2018 12:22 PM)
The office houses 200 employees and is Palo Alto's only R&D facility outside of Silicon Valley.

BoI weakens shekel with foreign currency purchases (Jan 17, 2018 11:55 AM)
The shekel had been hovering around the NIS 3.40/$ level for the first time since July 2011.

Israeli startups raised record $5.24b in 2017 (Jan 17, 2018 11:39 AM)
The country's startups raised 9% more than in 2016, IVC-ZAG reports.

Dan opens hotel in India (Jan 17, 2018 10:40 AM)
The Den in Bangalore will be the chain's first hotel outside of Israel.

BoI boosts shekel with foreign currency purchases (Jan 17, 2018 09:53 AM)
The shekel had been hovering around the NIS 3.40/$ level for the first time since July 2011.

Eduardo Elsztain mulls bid for Bezeq (Jan 16, 2018 08:56 PM)
To go ahead with an acquisition of Bezeq, Elsztain will have to give up his controlling interest in Cellcom.

Comptroller to deliver damning report on IMI privatization (Jan 16, 2018 08:47 PM)
The report is in the final stages of preparation for publication after a year's delay.

Eduardo Elsztain mulls bid for Bezeq (Jan 16, 2018 08:44 PM)
To go ahead with an acquisition of Bezeq, Eduardo Elsztain will have to give up his controlling interest in Cellcom.

UK Financial Conduct Authority awards license to SafeCharge (Jan 16, 2018 08:09 PM)
The UK license is in addition to the Israeli payments technology company's existing authorization as a European Electronic Money Institution.

Elliott Associates demands shake-up of Bezeq board (Jan 16, 2018 08:08 PM)
The fund, which holds a 4.8% stake in Bezeq, has written to company chairman David Granot saying the board in its current composition "is no longer fit for its purpose."

SafeCharge awarded license by UK's Financial Conduct Authority (Jan 16, 2018 08:08 PM)
The UK license is in addition to the Israeli payments technology company's existing authorization as a European Electronic Money Institution.

Tue: Bezeq boosts TASE (Jan 16, 2018 06:53 PM)
Bezeq soared on demands from an activist investor but Cellcom and Partner slumped.

(Jan 16, 2018 06:10 PM)
The UK license is in addition to the Israeli payments technology company's existing authorization as a European Electronic Money Institution.

Hagag to build hotel at Herzliya marina (Jan 16, 2018 05:57 PM)
The luxury hotel will have 180 suites and a special anchorage for yachts at the hotel entrance.

Israeli delivery logistics co Bringg raises $12m (Jan 16, 2018 05:37 PM)
Bringg’s delivery logistics platform is used by leading retail, ecommerce, food, services and logistics providers in over 50 countries.

Israeli app offers live translations for Broadway (Jan 16, 2018 04:46 PM)
GalaPro today launched an application designed to provide accessibility services for theater goers with vision or hearing disabilities and those needing translation.

Elliott Associates demands resignation of Bezeq directors under investigation (Jan 16, 2018 04:40 PM)
The fund, which holds a 4.8% stake in Bezeq, has written to company chairman David Granot saying the board in its current composition "is no longer fit for its purpose."

Israeli app offers live translations for theater (Jan 16, 2018 04:39 PM)
GalaPro today launched an application designed to provide accessibility services for theater goers with vision or hearing disabilities and those needing translation.

A search engine that digs deeper than Google (Jan 16, 2018 04:32 PM)
Pipl has raised $19 million from IGP. Founder and CEO Matthew Hertz tells "Globes" about the search engine's ability to find people. 

Elliott Associates demands resignation of Bezeq directors (Jan 16, 2018 04:03 PM)
The fund, which holds a 4.8% stake in Bezeq, has written to company chairman David Granot saying the board in its current composition "is no longer fit for its purpose."

Israeli analytics co Centerity raises $10m (Jan 16, 2018 03:13 PM)
Centerity intends to use the proceeds of the new investment to double its R&D center and expand its sales, marketing, and distribution organizations.

Allot buys Israeli home cybersecurity co Netonomy (Jan 16, 2018 02:54 PM)
Netonomy develops software-based cybersecurity for the connected home.

Elliott Associates demands resignation of Bezeq board (Jan 16, 2018 01:07 PM)
The fund, which holds a 4.8% stake in Bezeq, has written to company chairman David Granot saying the current board "is no longer fit for its purpose."

Israel's Kado developing world's thinnest laptop charger (Jan 16, 2018 01:01 PM)
Kado is collaborating with South Korea's Dongyang E&P to complete the development of the world's thinnest charger for laptops.

CPI up 0.1% in Dec, 2017 inflation 0.4% (Jan 16, 2018 11:51 AM)
Israel had positive inflation in 2017 after three years of negative inflation. Housing prices fell in October-November.

Potash Corp. selling Israel Chemicals stake (Jan 16, 2018 11:40 AM)
Potash Corp. has agreed a sale of its 13.8% holding in Israel Chemicals to a group of buyers at a substantial discount on the market price.

Potash Corp. selling Israel Chemicals stake (Jan 16, 2018 11:39 AM)
Potash Corp. has agreed a sale of its 13.8% holding in Israel Chemicals to a group of buyers at a substantial discount on the market price.

Algo traders boost shekel against dollar (Jan 16, 2018 11:18 AM)
The Bank of Israel has identified one of the reasons for the shekel's recent strengthening against the dollar to a 6.5-year peak.

Bezeq raising NIS 1.2b debt (Jan 16, 2018 11:04 AM)
Bezeq has signed an agreement for a future placement of its series 9 bonds, and has secured a NIS 600 million bank loan.

"Bank of Israel can neutralize algo trading in shekel" (Jan 16, 2018 10:29 AM)
Market players say the central bank's intervention so far has not been serious, but that it has advantages it can exploit.

"Bank of Israel can neutralize algo trading in shekel" (Jan 16, 2018 10:09 AM)
Market players say the central bank's intervention so far has not been serious, but that it has advantages it can exploit.

Roots triples its value on Australian Securities Exchange (Jan 16, 2018 09:27 AM)
The Israeli agtech company has developed a unique environmentally friendly system for heating and cooling crop roots.

FDA approves Teva leukemia treatment (Jan 15, 2018 07:51 PM)
Trisenox was approved as a first-line treatment for acute promyelocytic leukemia.

Israeli Startup Companies and Venture Capital from Globes

Israeli ID protection co D-ID raises $4m (Jan 22, 2018 02:29 PM)
The Tel Aviv-based startup has developed an innovative, deep learning solution to protect identities from face recognition technologies.

Breakthrough drone co APG Aero Systems raises $3m (Jan 21, 2018 06:11 PM)
The company is promising to deliver an "aircraft that cannot be imitated," which includes solar energy powered UAVs.

Funds raised by Citi Accelerator TLV graduates reaches $320m (Jan 21, 2018 05:17 PM)
Since the establishment of the Accelerator, 68 startups have graduated the accelerator program in seven classes.

Israeli analytics co Centerity raises $10m (Jan 21, 2018 05:16 PM)
Centerity intends to use the proceeds of the new investment to double its R&D center and expand its sales, marketing, and distribution organizations.

Israeli app offers live translations for Broadway (Jan 21, 2018 05:16 PM)
GalaPro today launched an application designed to provide accessibility services for theater goers with vision or hearing disabilities and those needing translation.

Israeli delivery logistics co Bringg raises $12m (Jan 21, 2018 05:16 PM)
Bringg’s delivery logistics platform is used by leading retail, ecommerce, food, services and logistics providers in over 50 countries.

Israeli startups raised record $5.24b in 2017 (Jan 21, 2018 05:16 PM)
The country's startups raised 9% more than in 2016, IVC-ZAG reports.

Israeli IoT cybersecurity co VDOO raises $13m (Jan 21, 2018 05:15 PM)
Based in Herzliya, VDOO is securing the Internet of Things ecosystem.

Israeli bus ticket app co HopOn raises $3.5m (Jan 21, 2018 05:15 PM)
The company's app automatically buys a public transportation ticket without the telephone being removed from the owner's pocket.

Israel's Kado developing world's thinnest laptop charger (Jan 21, 2018 05:13 PM)
Kado is collaborating with South Korea's Dongyang E&P to complete the development of the world's thinnest charger for laptops.

Effective Space signs $100m satellite life extension deal (Jan 21, 2018 05:12 PM)
The Israeli startup will send drones to refuel aging communications satellites and keep them in orbit for another five years.

Blockchain goes beyond cryptocurrencies (Jan 21, 2018 01:32 PM)
Digital identification, supply chain, and IP are among other blockchain applications, Dr. Gideon Greenspan head of Coin Sciences tells "Globes."

Akeneo buys Israeli product data automation co Sigmento (Jan 18, 2018 06:59 PM)
Sigmento founders Izzy Cohen, Yoav Maor and Yonatan Maor will join the management team of French company Akeneo.

The Israeli women VCs taking on blockchain (Jan 18, 2018 06:20 PM)
Mor Assia and Shelly Hod Moyal say theirs is the venture capital fund of the future  - and a 300% return is hard to argue with.

Israeli bus ticket app co HopOn raises $3.5m (Jan 18, 2018 01:49 PM)
The company's app automatically buys a public transportation ticket without the telephone being removed from the owner's pocket.

Israeli IoT cybersecurity co VDOO raises $13m (Jan 17, 2018 04:59 PM)
Based in Herzliya, VDOO is securing the Internet of Things ecosystem.

Effective Space signs $100m satellite life extension deal (Jan 17, 2018 04:29 PM)
The Israeli startup will send drones to refuel aging communications satellites and keep them in orbit for another five years.

Israeli startups raised record $5.24b in 2017 (Jan 17, 2018 11:39 AM)
The country's startups raised 9% more than in 2016, IVC-ZAG reports.

A search engine that digs deeper than Google (Jan 16, 2018 08:45 PM)
Pipl has raised $19 million from IGP. Founder and CEO Matthew Hertz tells "Globes" about the search engine's ability to find people.

Israeli delivery logistics co Bringg raises $12m (Jan 16, 2018 05:37 PM)
Bringg’s delivery logistics platform is used by leading retail, ecommerce, food, services and logistics providers in over 50 countries.

Israeli app offers live translations for Broadway (Jan 16, 2018 04:46 PM)
GalaPro today launched an application designed to provide accessibility services for theater goers with vision or hearing disabilities and those needing translation.

Israeli analytics co Centerity raises $10m (Jan 16, 2018 03:13 PM)
Centerity intends to use the proceeds of the new investment to double its R&D center and expand its sales, marketing, and distribution organizations.

Israel's Kado developing world's thinnest laptop charger (Jan 16, 2018 01:01 PM)
Kado is collaborating with South Korea's Dongyang E&P to complete the development of the world's thinnest charger for laptops.

Funds raised by Citi Accelerator TLV graduates reaches $320m (Jan 16, 2018 12:38 PM)
Since the establishment of the Accelerator, 68 startups have graduated the accelerator program in seven classes.

Taldor buys software co Spectory for NIS 15m (Jan 15, 2018 02:57 PM)
Spectory has become a leading player in software development for open code in general and complex user interfaces in particular.

Renault-Nissan-Mitsubishi sets up $1b VC fund with Israel office (Jan 14, 2018 02:16 PM)
The auto-tech fund will have offices in Silicon Valley, Paris, Yokohama, Beijing and Tel Aviv.

"Artificial intelligence still at the hype stage" (Dec 12, 2017 12:53 PM)
LogMeIn got more than it thought it was getting when it acquired Israeli company Nanorep.

"Globes" names monday.com as Israel's most promising 2017 startup (Dec 10, 2017 01:30 PM)
With the help of local VC firms and global tech companies, we bring you this year's crop of companies most likely to make a disruptive difference.

Kaltura CEO: We're in this for the long haul (Dec 6, 2017 06:00 PM)
The Israeli video platform company is not in a rush to hold an IPO, but is sure that one will happen at the right time.

Cortica is developing AI for the autonomous car (Dec 5, 2017 09:06 PM)
The Israeli company's product is being tested by three major auto industry companies.


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