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Israel Business News Feeds

Main Headlines from Globes

Thu: TASE retreat continues (Jul 18, 2019 07:46 PM)
It was another negative week on the Israeli stock market, with Bank Hapoalim, Teva and Delek Group today's outstanding decliners.

Bar Refaeli appeals NIS 8m back taxes bill (Jul 18, 2019 06:42 PM)
In her 30 page appeal to the Supreme Court, she claims that Leonardo DiCaprio's home in the US was her 'family home.'

Airlines must compensate for missed connections in Europe (Jul 18, 2019 04:09 PM)
Non-European airlines are also obligated by EU regulations to pay compensation, including Israeli airlines.

Airlines must compensate for missed connection flights in Europe (Jul 18, 2019 04:06 PM)
Non-European airlines are also obligated by EU regulations to pay compensation, including Israeli airlines.

Azrieli invests $135m in North American data centers (Jul 18, 2019 03:49 PM)
The Israeli income-producing real estate company has acquired 20% of Compass Holdco, with an option to increase the stake to 33%.

Azrieli invests $135m in North American data centers (Jul 18, 2019 03:47 PM)
Azrieli has acquired 20% of Compass Holdco, with an option to increase the stake to 33%.

Delek slumps on revised Ithaca bond terms (Jul 18, 2019 02:49 PM)
Delek's share price is falling sharply after its Ithaca unit was forced to cut the amount of debt it is raising to finance the $2 billion acquisition of Chevron North Sea.

Housing Ministry rejects Central Bureau of Statistics sales data (Jul 18, 2019 02:47 PM)
Benny Dreyfuss: "The figures published by the Central Bureau of Statistics do not reflect the true situation."

Shekel resumes gains despite falling inflation (Jul 18, 2019 12:52 PM)
The lower than expected June CPI rise makes an interest rate cut next month much more unlikely.

Heavy demand for Altshuler Shaham Provident Fund IPO (Jul 18, 2019 12:00 PM)
The share price for the offering was 28.1% higher than the initial minimum price.

Perion share price surges over 40% (Jul 18, 2019 11:38 AM)
The Israeli company has improved its financial results, reduced its debt, and announced early repayment of its bonds.

Bar Refaeli appeals NIS 8m back taxes bill (Jul 18, 2019 10:38 AM)
In her 30 page appeal to the Supreme Court, she claims that Leonardo DiCaprio's home in the US was her 'family home.'

Delek slumps on revised Ithaca bond terms (Jul 18, 2019 10:25 AM)
Delek's share price is falling sharply after its Ithaca unit revised downwards the bonds amount it is raising to finance the $2 billion acquisition of Chevron North Sea.

Israeli hacker indicted for suspected theft of NIS 6m cryptocurrency (Jul 18, 2019 07:03 AM)
Eliyahu Gigi from Tel Aviv is charged with offenses under the Computers Law, theft, fraud, aggravated counterfeiting, use of a forged document, perjury, money laundering, and offenses under the Income Tax Ordinance.

Daily Mail ignores Barak's ultimatum to remove Epstein article (Jul 18, 2019 06:58 AM)
Former Israeli Prime Minister Ehud Barak has blamed Benjamin Netanyahu for the article in the UK tabloid insinuating he met disgraced US financier Jeffrey Epstein together with young women.

Cellcom to switch focus from mobile to TV, Internet (Jul 17, 2019 06:38 PM)
Cellcom has an alarming debt, and intense competition in the mobile phone market has put revenue into a tailspin.

Wed: Teva tumbles yet again (Jul 17, 2019 06:23 PM)
Teva and Delek dragged the market down today while Paz led the gains.

Herzliya lot for business park sold for NIS 380m (Jul 17, 2019 04:54 PM)
The 1.825-acre site is close to the coastal road opposite a Paz filling station.

BiomX to raise $70m in NYSE reverse merger with Chardan (Jul 17, 2019 04:25 PM)
The Israeli company's products combine microbiome and phages, two of the hottest medical fields.

Bar Refaeli to file NIS 8m tax ruling appeal Thurs (Jul 17, 2019 04:15 PM)
The international supermodel will try to convince Israel's Supreme Court that her permanent home in 2009 and 2010 was that of Leonardo DiCaprio in the US.

BiomX to raise $70m in NYSE reverse merger with Chardan (Jul 17, 2019 03:36 PM)
The Israeli company's products combine microbiome and phages, two of the hottest medical fields.

Mapi Pharma to launch generic Copaxone next year (Jul 17, 2019 02:43 PM)
Mapi Pharma has leased a Jerusalem plant, to manufacture delayed release Copaxone that can be taken twice a month.

Barak to sue Daily Mail over Epstein photos (Jul 17, 2019 02:05 PM)
The former Israeli Prime Minister says he will sue the UK paper for defamation for insinuating he took part in parties with young women at Jeffrey Epstein's New York home.

Barak to sue Daily Mail over Epstein photos (Jul 17, 2019 12:21 PM)
The former Israeli Prime Minister says he will sue the UK paper for defamation for insinuating he took part in parties with young women at Jeffrey Epstein's New York home.

Barak to sue Daily Mail over Epstein house photos (Jul 17, 2019 12:09 PM)
The former Israeli Prime Minister says he will sue the UK paper for defamation for insinuating he took part in parties with young women at Jeffrey Epstein's New York home.

Israeli tech cos raised record $3.9b in HI 2019 (Jul 17, 2019 12:05 PM)
The country's high-tech companies are heading for another record year, IVC-ZAG reports.

Israeli tech cos raised record $3.9b in HI 2019 (Jul 17, 2019 11:30 AM)


Israel Aerospace signs $50m follow-on Indian missile deal (Jul 17, 2019 10:02 AM)
Under the contract, IAI will provide complementary MRSAM systems for the Indian Navy's air defense system.

Liberman's position as kingmaker strengthens in latest poll (Jul 17, 2019 08:01 AM)
The latest Channel 12 poll projects a deepening political deadlock after the September 17 elections.

Liberman's position as kingmaker strengthens in latest poll (Jul 17, 2019 07:40 AM)
The latest Channel 12 poll projects a deepening political deadlock after the September 17 elections.

Cellcom cuts infrastructure investment 25% (Jul 17, 2019 07:10 AM)
The Israeli telecom operator is pinning its hopes on lower costs as a result of its new fiber-optic infrastructure.

Cellcom cuts infrastructure investment 25% (Jul 16, 2019 07:06 PM)
The Israeli telecom operator is pinning its hopes on lower costs as a result of its new fiber-optic infrastructure.

Cellcom cuts infrastructure investment 25% (Jul 16, 2019 07:00 PM)
The Israeli telecom opewrator is pinning its hopes on lower costs as a result of its new fiber-optic infrastructure.

Tue: Leumi leads market lower (Jul 16, 2019 06:56 PM)
Leumi and Delek led the declines today while Teva bucked the market.

1215 more homes approved for Netanya's Neve Oz (Jul 16, 2019 06:07 PM)
1,960 housing units will be built in the neighborhood, including 243 small apartments and assisted living facilities for 300 residents.

Israeli cancer treatment co P-Cure raises $15m (Jul 16, 2019 05:36 PM)
P-Cure CEO: "Completion of the financing round will enable us to make the smart medical solution we have developed accessible to any oncological center that offers radiotherapy.

Eilat vacation prices fall sharply (Jul 16, 2019 04:44 PM)
Prices are projected to rise in August, especially in the last two weeks of the month.

Israel Q1 growth revised upwards (Jul 16, 2019 03:26 PM)
The Central Bureau of Statistics has raised the annualized growth estimate for the first quarter from 4.8% to 5%.

Altshuler Provident Funds begins successful IPO (Jul 16, 2019 02:58 PM)
The NIS 5.90 share price in the IPO reflects a NIS 1.13 billion company value.

Embolic protection device co Filterlex raises $3m (Jul 16, 2019 01:54 PM)
The Israeli company has developed the CAPTIS device for reducing the risk of stroke and other complications during catheter-based structural heart procedures.

Israel Biotech Fund reports first closure of 2nd fund (Jul 16, 2019 01:19 PM)
The volume and extent of the closure was not disclosed, but is probably similar to IBF's first fund, which raised $70 million.

NICE Systems market cap overtakes Teva (Jul 16, 2019 01:11 PM)
The market cap of the Israeli business software systems provider has leapfrogged the ailing Israeli pharmaceutical firm.

Shekel weakens against dollar after June CPI reading (Jul 16, 2019 01:06 PM)
The surprising fall in the CPI in June left the inflation rate in Israel below the official target range.

NICE Systems company value overtakes Teva (Jul 16, 2019 12:40 PM)
The market cap of the Israeli business software systems provider has overtaken the ailing Israeli pharmaceutical firm.

Supreme Court upholds Psagot bond fraud verdicts, cuts sentences (Jul 16, 2019 11:53 AM)
David Edry and Shai Ben-David's sentences in the bond price manipulation affair that broke in 2010 have been reduced to 42 months and 22 months.

Supreme Court upholds Psagot bond fraud verdicts, cuts sentences (Jul 16, 2019 11:40 AM)
David Edry and Shai Ben-David have had their sentences in the bond price manipulation affair that broke in 2010 to 42 months and 22 months.

Supreme Court upholds Psagot bond fraud verdicts, cuts sentences (Jul 16, 2019 11:18 AM)
David Edry and Shai Ben-David have had their sentences in the bond price manipulation affair that broke in 2010 to 42 months and 22 months.

Shekel weakens against dollar after June CPI reading (Jul 16, 2019 10:39 AM)
The surprising fall in the CPI in June left the inflation rate in Israel below the official target range.

Sandberg to launch Facebook's Playground program in Tel Aviv (Jul 15, 2019 11:03 PM)
Facebook COO Sheryl Sandberg will visit Israel next month and open Facebook's new space for startups and businesses, reports "Yediot Ahronot."

Sandberg to launch Facebook's Playground program in Tel Aviv (Jul 15, 2019 10:34 PM)
Facebook COO Sheryl Sandberg will visit Israel next month and open Facebook's new space for startups and businesses, reports "Yediot Ahronot."

Car finance co Lendbuzz raises $150m (Jul 15, 2019 08:16 PM)
Lendbuzz aims to disrupt the existing car financing market using machine learning algorithms.

Mon: Teva plunges to new depths (Jul 15, 2019 07:39 PM)
Teva dragged the market down today but Delek Drilling and Tower were in positive territory.

Consortium to build homes, hotels in Tel Aviv's Basel Street (Jul 15, 2019 07:27 PM)
The winning consortium of White City Buildings, the JTLV group, and Isrotel will build apartments and hotels.

CPI down 0.6% in June, home prices rise (Jul 15, 2019 07:16 PM)
Inflation in Israel was only 0.8% over the past 12 months, the Central Bureau of Statistics reports, decreasing the likelihood of a rate hike.

CPI down 0.6% in June, home prices rise (Jul 15, 2019 07:04 PM)
Inflation in Israel was only 0.8% over the past 12 months, the Central Bureau of Statistics reports, decreasing the likelihood of a rate hike.

Bank Hapoalim appoints Dov Kotler CEO (Jul 15, 2019 07:02 PM)
Kotler replaces Arik Pinto, who is stepping down.

CPI down 0.6% in June, home prices rise (Jul 15, 2019 06:58 PM)
Inflation was only 0.8% over the past 12 months, the Central Bureau of Statistics reports, making an interest rate hike much less likely.

Bank Hapoalim appoints Dov Kotler CEO (Jul 15, 2019 06:39 PM)
Kotler replaces Arik Pinto, who is stepping down.

Bank Hapoalim appoints Dov Kotler CEO (Jul 15, 2019 06:37 PM)
Kotler replaces Arik Pinto, who is stepping down.

Birnbaum makes way for new SodaStream CEO (Jul 15, 2019 05:28 PM)
Birnbaum will become chairman and be replaced as CEO by Eyal Shohat, the company's deputy CEO.

Fattal launches shared office space - hotel brand Rooms (Jul 15, 2019 05:14 PM)
Fattal's first 'workspitality' venture is located adjacent to its NYX hotel in Tel Aviv.

Two bid in Israel's offshore energy licenses tender (Jul 15, 2019 04:01 PM)
The Ministry of Energy received only two bids from consortia including from UK companies Cairn and Soco, even though energy majors like ExxonMobil purchased tender documents.

Two bid in Israel's offshore energy licenses tender (Jul 15, 2019 03:52 PM)
The Ministry of Energy received only two bids from consortia including from UK companies Cairn and Soco, even though energy majors like Exxon-Mobile purchased tender documents.

Morgan Stanley slashes Teva price target (Jul 15, 2019 02:41 PM)
US investment bank Morgan Stanley has downgraded Teva to "Underperform", citing renewed pressure on generics prices.

Shekel at 15-month peak against dollar (Jul 15, 2019 02:38 PM)
Leader Capital Markets macroeconomist Yonatan Katz: A Bank of Israel rate hike is still possible in the next few months.

Morgan Stanley slashes Teva price target (Jul 15, 2019 02:34 PM)
US investment bank Morgan Stanley has downgraded Teva to "Underperform", citing renewed pressure on generics prices.

Discount Bank names Uri Levin CEO (Jul 15, 2019 12:02 PM)
Levin, who currently manages Discount Bank of New York, will replace Lilach Asher-Topilsky.

Gil Dankner sells Haifa's Castra Center for NIS 50m (Jul 15, 2019 11:20 AM)
The distinctively designed mall was built twenty years ago at an investment of NIS 200 million.

Israeli gov't publishes 5G frequencies auction (Jul 14, 2019 08:13 PM)
The Ministry of Communications is offering mobile operators NIS 500 million as an incentive to act quickly.

Brown to manage Zvieli's Tel Aviv hotels (Jul 14, 2019 08:01 PM)
Brown Hotels: Such centrally located hotels with potential in Tel Aviv will fit right in with our collection.

Brown to manage Zvieli's Tel Aviv hotels (Jul 14, 2019 06:28 PM)
Brown Hotels: Such centrally located hotels with potential in Tel Aviv will fit right in with our collection.

TASE to offer 31.7% stake in IPO at NIS 700m value (Jul 14, 2019 06:13 PM)
The TASE offering will be the third largest this year after Isracard and Altshuler Shaham.

Sun: TA 35 climbs back above 1,600 points (Jul 14, 2019 06:02 PM)
Teva, Bezeq and NICE Systems led the market higher today while Opko was the biggest decliner on the Tel Aviv 35 Index.

Brown to manage Zvieli's Tel Aviv hotels (Jul 14, 2019 05:18 PM)
Brown Hotels: Such centrally located hotels with potential in Tel Aviv will fit right in with our collection.

15% fall in new home sales (Jul 14, 2019 04:06 PM)
Jerusalem led in sales, followed by Kiryat Ono and Tel Aviv between March-June 2019, the Central Bureau of Statistics reports.

Yes begins marketing triple package (Jul 14, 2019 03:09 PM)
Israeli satellite TV company Yes is introducing a triple package - TV, Internet with speeds up to 100 megabyte and a landline.

Leviathan platform sets sail for Israel (Jul 14, 2019 01:58 PM)
The Leviathan field remains on schedule to deliver first commercial gas sales before the end of 2019.

Leviathan platform sets sail for Israel (Jul 14, 2019 01:56 PM)
The Leviathan field remains on schedule to deliver first commercial gas sales to before the end of 2019.

Apartments sold and rented (Jul 14, 2019 12:36 PM)
A selection of recent real estate deals in Israel including in Ramat Gan, Givatayim and Ness Ziona.

Melisron CEO quits after row with Ofer over loan (Jul 14, 2019 12:26 PM)
Avi Levy asked for a NIS 225 million loan from Liora Ofer to buy shares in Melisron.

Dov Kotler seen as leading candidate for Hapoalim CEO (Jul 14, 2019 12:04 PM)
Kotler formerly headed credit card company Isracard, then a Bank Hapoalim subsidiary. He was also CEO of failed investment house Prisma.

Jerusalem braces for 3-year traffic jam (Jul 14, 2019 11:58 AM)
Private vehicles are being re-routed at the entrance to Jerusalem while a new business district is constructed.

Medical device co Inmode seeks $75m in Nasdaq IPO (Jul 14, 2019 11:56 AM)
Inmode had sales of $100 million last year of its aesthetic and medical treatment devices, and is profitable.

Dov Kotler seen as leading candidate for Hapoalim CEO (Jul 14, 2019 10:24 AM)
Kotler formerly headed credit card company Isracard, then a Bank Hapoalim subsidiary. He was also CEO of failed investment house Prisma.

Israeli Startup Companies and Venture Capital from Globes

Israeli tech cos raised record $3.9b in HI 2019 (Jul 17, 2019 12:05 PM)
The country's high-tech companies are heading for another record year, IVC-ZAG reports.

Israeli cancer treatment co P-Cure raises $15m (Jul 16, 2019 05:36 PM)
P-Cure CEO: "Completion of the financing round will enable us to make the smart medical solution we have developed accessible to any oncological center that offers radiotherapy.

Embolic protection device co Filterlex raises $3m (Jul 16, 2019 01:54 PM)
The Israeli company has developed the CAPTIS device for reducing the risk of stroke and other complications during catheter-based structural heart procedures.

Israel Biotech Fund reports first closure of 2nd fund (Jul 16, 2019 01:19 PM)
The volume and extent of the closure was not disclosed, but is probably similar to IBF's first fund, which raised $70 million.

Sheets that combat bugs, clothes that stay soft (Jul 16, 2019 01:10 PM)
Sonovia is applying technology from Bar-Ilan University to make hospitals safer, and the fashion industry greener.

Sandberg to launch Facebook's Playground program in Tel Aviv (Jul 15, 2019 11:03 PM)
Facebook COO Sheryl Sandberg will visit Israel next month and open Facebook's new space for startups and businesses, reports "Yediot Ahronot."

Car finance co Lendbuzz raises $150m (Jul 15, 2019 08:16 PM)
Lendbuzz aims to disrupt the existing car financing market using machine learning algorithms.

Medical device co Inmode seeks $75m in Nasdaq IPO (Jul 14, 2019 11:56 AM)
Inmode had sales of $100 million last year of its aesthetic and medical treatment devices, and is profitable.

IBI Tech Fund invests $2.5m in two startups (Jul 11, 2019 04:36 PM)
IBI invested $2 million in sales process automation company RightBound and $500,000 in AI company Xperiti.

Israeli cybersecurity co enSilo raises $23m (Jul 11, 2019 03:37 PM)
enSilo's information protection platform safeguards end user stations and stops malicious attacks in real time.

YL Ventures closes $120m Israel cybersecurity fund (Jul 10, 2019 05:13 PM)
The fund will invest several million dollars in 10 startups at the seed stage and larger amounts in subsequent financing rounds.

LED lighting connectivity co Juganu raises $23m (Jul 10, 2019 03:03 PM)
The Israeli company is reshaping smart cities with a low-cost, swift to deploy communications grid based on LED street lighting.

Israeli digital customer platform Lightico raises $14.5m (Jul 10, 2019 10:18 AM)


AppLovin buys Israeli app optimization co SafeDK (Jul 10, 2019 06:50 AM)
The Herzliya-based company has produced a software development kit for mobile apps.

Google acquires Israeli storage co Elastifile (Jul 9, 2019 06:30 PM)
The Herzliya-based company, which provides scalable, enterprise file storage for the cloud, has raised $75 million to date.

Smart car VC fund Maniv Mobility closes $100m fund (Jul 9, 2019 04:00 PM)
The fund includes commitments from 12 companies in the automotive and transportation sectors.

DriveNets expands financing round to $117m (Jul 8, 2019 07:36 PM)
Microsoft chairman John Thompson is among three new investors in the Israeli networking software company.

Mellanox Capital invests in two storage cos (Jul 8, 2019 05:02 PM)
The companies are California-based CNEX Labs and Pliops of Ramat Gan.

EU to help Israeli startups commercialize products (Jul 8, 2019 11:32 AM)
Israel will be part of a €100 million pilot program within the European Innovation Council's Horizon 2020 framework.

Team8: A unique model, but will it work? (Jul 7, 2019 06:33 PM)
Instead of investing in startups that come with an idea, Team8 identifies technological solutions that are needed and finds teams to develop them.

Increasing high-tech work force harder than it sounds (Jun 30, 2019 10:06 AM)
9% of private sector employees in high tech produce 40% of Israel's exports but raising the proportion is not easy.

A blood test that detects cancer early (Jun 26, 2019 11:02 AM)
Israeli company Savicell's product doesn't look for cancer cells, but for tell-tale immune system reactions.

Auto-tech focus moves away from self-driving cars (Jun 12, 2019 02:34 PM)
The Israeli auto-tech sector has raised $500 million so far in 2019, with fewer direct investments from the auto-industry and more investments from venture capital funds.


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