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Israel Business News Feeds

Main Headlines from Globes

Nahariya to double in size (Feb 17, 2020 07:23 PM)
The Northern District Planning and Building Committee has adopt the policy document for developing the city over the next 20 years.

Yeinot Bitan's lifeline feared fraying (Feb 17, 2020 06:49 PM)
It is not clear whether the supermarket chain's finance deal with Klirmark Capital will go ahead, and suppliers are becoming anxious.

Mon: Israel Chemicals down on flat TASE (Feb 17, 2020 06:42 PM)
Israel Chemicals and parent company led the declines today while Harel and Airport City led the gains.

El Al CEO: We may have to take dramatic measures (Feb 17, 2020 06:13 PM)
Gonen Usishkin says all airlines are in crisis over the coronavirus and El Al may have to make painful decisions.

Smart road trial success boosts ElectReon Wireless (Feb 17, 2020 04:56 PM)
ElectReon is now gearing up for dynamic operation of its vehicle charging system on a public road in Sweden.

El Al CEO: We may have to take dramatic measures (Feb 17, 2020 03:47 PM)
Gonen Usishkin says all airlines are in crisis over the coronavirus and El Al may have to make painful decisions.

Shekel gains despite rate cut expectations (Feb 17, 2020 02:50 PM)
Leader Capital Markets macroeconomist Yonatan Katz: Annual inflation has fallen to 0.3% and is expected to continue falling, increasing the likelihood of an interest rate cut.

Israeli gov't natural gas revenues fell in 2019 (Feb 17, 2020 02:28 PM)
The Ministry of Energy expects a major jump in gas revenues in 2020 as the Leviathan field has begun producing gas.

Residential rent trends mixed in 2019 (Feb 17, 2020 12:54 PM)
Figures newly published by the Central Bureau of Statistics show wide variations between different cities in Israel and different apartment types.

Residential rent trends mixed in 2019 (Feb 17, 2020 12:37 PM)
Figures newly published by the Central Bureau of Statistics show wide variations between different cities in Israel and different apartment types.

Residential rent trends mixed in 2019 (Feb 17, 2020 12:36 PM)
Figures newly published by the Central Bureau of Statistics show wide variations between different cities and different apartment types.

Harel buys stake in Prashkovsky Investments and Construction (Feb 17, 2020 11:19 AM)
Insurance and finance group Harel bought 4.5% of the real estate company from the Prashkovsky family.

Harel buys stake in Prashkovsky Investments and Construction (Feb 17, 2020 10:10 AM)
Insurance and finance group Harel bought 4.5% of the real estate company from the Prashovsky family.

Apple warns virus hitting Israel's iPhone inventory (Feb 16, 2020 10:24 PM)
CData: Our inventory of phones has almost run out.

Tax Authority plans real-time reporting of invoices over NIS 5,000 (Feb 16, 2020 10:16 PM)
The Israel Tax Authority wants tough measures in the war on fictitious invoices and unreported capital.

Apple warns virus could hit Israel's iPhone inventory (Feb 16, 2020 10:15 PM)
CData: Our inventory of phones has almost run out.

Tax Authority plans real-time reporting of invoices over NIS 5,000 (Feb 16, 2020 10:15 PM)
The Israel Tax Authority wants tough measures in the war on fictitious invoices and unreported capital.

Pelephone bids NIS 710m for Golan Telecom (Feb 16, 2020 08:34 PM)
Mobile telephony company Golan Telecom is in the midst of negotiations on an acquisition by Cellcom.

Pelephone bids NIS 710m for Golan Telecom (Feb 16, 2020 08:31 PM)
Mobile telehony company Golan Telecom is in the midst of negotiations on an acquisition by Cellcom.

Proneuron to sue Teva for billions in Copaxone damages (Feb 16, 2020 08:24 PM)
A court ordered Teva to restore the Copaxone rights for treatment of diseases other than multiple sclerosis to Proneuron, but the patent has expired, rendering the rights useless.

Amazon: Free shipping for Jewish settlers but not Palestinians (Feb 16, 2020 06:44 PM)
Residents of Jewish settlements in Judea and Samaria receive free shipping on purchases over $49 but West Bank Palestinians do not, the Financial Times reports.

Amazon: Free shipping for Jewish settlers but not Palestinians (Feb 16, 2020 06:43 PM)
Residents of Jewish settlements in Judea and Samaria receive free shipping on purchases over $49 but West Bank Palestinians do not, the Financial Times reports.

Amazon: Free shipping for Jewish settlers but not Palestinians (Feb 16, 2020 06:40 PM)
Residents of Jewish settlements in Judea and Samaria receive free shipping on purchases over $49 but West Bank Palestinians do not, the Financial Times reports.

Proneuron to sue Teva for billions in Copaxone damages (Feb 16, 2020 06:05 PM)
A court ordered Teva to restore the Copaxone rights for treatment of diseases other than multiple sclerosis to Proneuron, but the patent has expired, rendering the rights useless.

Sun: TASE edges up as Teva falls sharply (Feb 16, 2020 05:47 PM)
NICE Systems led the market gains today while Teva and Israel Chemicals led the declines.

Apartments sold and rented (Feb 16, 2020 05:31 PM)
A selection of recent real estate deals in Israel including in Tel Aviv, Rishon Lezion, Hod Hasharon, Yavne, Kiryat Malachi and Kidron.

Rami Levy investing in hotels and sheltered housing (Feb 16, 2020 04:22 PM)
The investment is through BGI Investments, controlled by Rami Levy and Shalom Haim.

Apartments sold and rented (Feb 16, 2020 03:14 PM)
A selection of recent real estate deals in Israel including in Tel Aviv, Rishon Lezion, Hod Hasharon, Yavne, Kiryat Malachi and Kidron.

Israel's 2019 growth revised upwards (Feb 16, 2020 02:33 PM)
Israel's economy grew at 4.6% in the fourth quarter, higher than expected, because imports of hybrid cars were brought forward ahead of a 2020 tax hike.

Israel's 2019 growth revised upwards (Feb 16, 2020 02:12 PM)
Israel's economy grew at 4.6% in the fourth quarter, higher than expected because imports of hybrid cars were brought forward ahead of a 2020 tax hike.

Fiverr introduces AI logo maker (Feb 16, 2020 01:55 PM)
The Israeli freelance platform's new product will enable small businesses to create a new logo in seconds.

Electra confirms Cellcom talks to buy Golan Telecom (Feb 16, 2020 01:03 PM)
The acquisition of Golan Telecom by Cellcom would preempt a merger between Hot and Partner.

Value of Warren Buffett's position in Teva jumps (Feb 16, 2020 12:46 PM)
However, Berkshire Hathaway still has a loss on paper on its investment in Teva of about $230 million.

Value of Warren Buffett's position in Teva jumps (Feb 16, 2020 12:39 PM)
However, Berkshire Hathaway still has a loss on paper on its investment in Teva of about $230 million.

Yohai Gild arrested for drug dealing in Thailand (Feb 16, 2020 12:10 PM)
Gild was the founder of Better Cannabis, one of the pioneers of cannabis cultivation in Israel.

CPI falls more than expected (Feb 16, 2020 10:41 AM)
Israel's Consumer Price Index fell by 0.4% in January. Home prices have also fallen slightly.

CPI falls more than expected (Feb 16, 2020 10:09 AM)
Israel's Consumer Price Index fell by 0.4% in January. Home prices have also fallen slightly.

CPI falls more than expected (Feb 16, 2020 10:00 AM)
Israel's Consumer Price Index fell by 0.4% in January. Home prices have also fallen slightly.

Chief of Staff launches plan for "more lethal" IDF (Feb 13, 2020 09:23 PM)
Lieut. Gen. Aviv Kochavi announced the Tnufa plan, even though there is no government to approve it and budget discussions with the Ministry of Finance have not yet begun.

Ministry restricts Leviathan gas production (Feb 13, 2020 09:16 PM)
The Ministry of National Infrastructures, Energy and Water Resources alleges a fault in a pipeline, but operator Noble Energy says no fault exists.

Kochavi launches plan for "more lethal" IDF (Feb 13, 2020 08:59 PM)
Chief of Staff Aviv Kochavi announced the Tnufa plan, even though there is no government to approve it and budget discussions with the Ministry of Finance have not yet begun.

Microsoft names new Israel Development Center head (Feb 13, 2020 08:16 PM)
Michal Braverman-Blumenstyk is the first woman in the role. The Israel Development Center is a major force in cybersecurity and AI within Microsoft.

Microsoft names new Israel Development Center head (Feb 13, 2020 08:13 PM)
Michal Braverman-Blumenstyk is the first woman in the position. The Israel Development Center is a major force in cybersecurity and AI within Microsoft.

Nice Systems beats analysts on revenue and earnings (Feb 13, 2020 07:42 PM)
Nice CEO Barak Eilam: We are in a very strong competitive position to capitalize on the changes taking place in our markets.

Thu: Indices fall as Teva corrects (Feb 13, 2020 07:07 PM)
The leading stocks were mixed today: the big banks rose but Teva and Nice Systems declined.

Thu: Indices fall as Teva corrects (Feb 13, 2020 07:06 PM)
The leading stocks were mixed today: the big banks rose but Teva and Nice Systems declined.

Dan Bus Co secures investment at NIS 1.1b valuation (Feb 13, 2020 06:22 PM)
A consortium of investors led by the Value Base investment house and the LBH Infrastructure fund has acquired 40% of the Dan transport group for NIS 450 million.

Gil Sharon set to gain NIS 65m from Golan Telecom sale (Feb 13, 2020 06:10 PM)
Sharon was responsible for Electra Consumer Products' 2017 acquisition of Golan Telecom, and received 10% of Golan Telecom's shares in the deal.

Gil Sharon set for NIS 65m gain from Golan Telecom sale (Feb 13, 2020 05:43 PM)
Sharon was responsible for Electra Consumer Products' 2017 acquisition of Golan Telecom, and received 10% of Golan Telecom's shares in the deal.

Storage co Seagate opens Israel innovation center (Feb 13, 2020 04:28 PM)
Lyve Labs will scout for Israeli technologies and form partnerships with local businesses.

Demand pushing up Tel Aviv office rents (Feb 13, 2020 03:58 PM)
Even though office rents are cheaper elsewhere, young people want to work only in Tel Aviv, thus fueling rent rises.

New home sales in Israel up 42% in 2019 (Feb 13, 2020 03:49 PM)
32,456 new homes were sold in 2019 as mortgage taking reached an all-time high.

Digital companion co Intuition Robotics raises $36m (Feb 13, 2020 03:36 PM)
Over the last 12 months, ElliQ, the social companion robot that aims to reduce loneliness and social isolation, has spent over 10,000 days in older adults' homes.

Shekel loses ground after reaching NIS 3.40/$ (Feb 13, 2020 01:28 PM)
Market analysts believe there is a 50-50 chance of a rate cut this month.

BoI Deputy Governor blasts forex 'know-it-alls' (Feb 13, 2020 12:59 PM)
Andrew Abir slams the Bank of Israel's critics on foreign currency intervention for not understanding the market and the bank's tools.

BoI Deputy Governor blasts forex 'know-it-alls' (Feb 13, 2020 12:34 PM)
Andrew Abir slams the Bank of Israel's critics on foreign currency intervention for not understanding the market and how the bank's tools work.

Potash plant upgrade hits Israel Chemicals results (Feb 13, 2020 11:04 AM)
The company's Dead Sea plant was shut down for a month, affecting production, while Chinese orders have been delayed.

Teva CFO: Wind blowing towards growth (Feb 13, 2020 10:51 AM)
Eli Kalif tells "Globes" that growth will be enhanced by streamlining factories rather than more closures and selloffs.

Teva CFO: Wind blowing towards growth (Feb 13, 2020 10:31 AM)
Eli Kalif tells "Globes" that growth will be enhanced by streamlining factories rather than more closures and selloffs.

Israeli politicians slam UN business blacklist (Feb 13, 2020 09:30 AM)
The blacklist contains 321 companies of which 112 have direct relations with Jewish settlements in Judea and Samaria.

El Al suspends Hong Kong, reduces Bangkok flights (Feb 13, 2020 08:42 AM)
The Israeli carrier is also extending the suspension of Tel Aviv – Beijing flights until April 24, but Tokyo flights will go ahead as planned.

Virus concerns hit Israeli tourism (Feb 12, 2020 09:16 PM)
Bookings are down and cancellations are up as tourism slumps. Hoteliers are hoping that Israelis reluctant to travel abroad will pick up the slack.

Wed: Resurgent Teva boosts Tel Aviv 35 to new record (Feb 12, 2020 06:38 PM)
Teva rose strongly after reporting its 2019 financials but the big banks fell.

Gov't buys back Jerusalem light rail Red Line (Feb 12, 2020 06:13 PM)
The Red Line concession is being bought back from CityPass for NIS 1.6 billion and will be transferred to Green Line builder and operator JNET.

Gov't buys back Jerusalem light rail Red Line (Feb 12, 2020 06:07 PM)
The Red Line concession is being bought back from CityPass for NIS 1.6 billion and will be transferred to Green Line operator JNET.

Rafael adds drone destruction laser to Drone Dome (Feb 12, 2020 05:49 PM)
A laser cannon capable of destroying drones and UAVS at a distance of kilometers has been added to the system's already proven ability to disrupt communications.

Blackstone mulls bid for control of Isracard (Feb 12, 2020 04:54 PM)
The US private equity giant needs a 30% stake to have a controlling core in the Israeli credit card company.

Cloud data management co Model9 raises $9m (Feb 12, 2020 04:08 PM)
The Israeli company helps large enterprises accelerate their implementation of hybrid cloud and reduce the cost and complexity of their mainframe infrastructure.

Teva beats analysts on Q4 revenue and profit (Feb 12, 2020 04:07 PM)
The Israeli pharmaceutical company sees higher revenue and profit in 2020.

Cloud data management co Model9 raises $9m (Feb 12, 2020 04:00 PM)
The Israeli company helps large enterprises accelerate their implementation of hybrid cloud and reduce the cost and complexity of their mainframe infrastructure.

Deep learning cybersecurity co Deep Instinct raises $43m (Feb 12, 2020 03:42 PM)
Deep Instinct CEO: Current solutions based on ‘assume breach’ are simply insufficient for the highly sophisticated attack landscape.

NSO buys Israeli counter drone co Convexum for $60m (Feb 12, 2020 02:49 PM)
Convexum's technology offers perimeter protection by keeping malicious drones out of sensitive air space.

Teva beats analysts on Q4 revenue and profit (Feb 12, 2020 02:43 PM)
The Israeli pharmaceutical company sees higher revenue and profit in 2020.

Teva beats analysts on Q4 revenue and profit (Feb 12, 2020 02:31 PM)
The Israeli pharmaceutical company sees higher revenue and profit in 2020.

NSO buys Israeli counter drone co Convexum for $60m (Feb 12, 2020 01:53 PM)
Convexum's technology offers perimeter protection by keeping malicious drones out of sensitive air space.

Turkish Airlines launching low-cost brand in Israel (Feb 12, 2020 12:57 PM)
Prices of flights under the Anadolu Jet low-cost brand will be 10% lower than regular Turkish Airlines flights.

Employee stock options co EquityBee raises $6.6m (Feb 12, 2020 12:48 PM)
EquityBee, which has enabled hundreds of Israeli startup employees to exercise their stock options, is now launching in the US.

Modi'in offers longest life expectancy (Feb 12, 2020 12:35 PM)
Tel Aviv has both the highest per capital income and the lowest rate of home ownership, the Central Bureau of Statistics reports.

Judges named for Netanyahu trial (Feb 12, 2020 12:32 PM)
The case will be heard by a three judge panel headed by Rivkah Fridman-Feldman, who found former Prime Minister Ehud Olmert guilty of taking bribes.

Russia's SOK opens Tel Aviv co-working space (Feb 12, 2020 11:22 AM)
SOK says its 3,000 square meter office workspace in Nitsba Tower has a special eco-friendly design to provide its 500 tenants with the best conditions for productive work.

US co buys Oxygen & Argon from FIMI for NIS 575m (Feb 12, 2020 10:23 AM)
Air Products & Chemicals is acquiring Israel's largest manufacturer of industrial gases.

El Al sees $30m Q1 revenue drop from virus impact (Feb 12, 2020 08:08 AM)
The Israeli carrier, which has cancelled all flights to China, expects to make up most of the fall by reducing operational expenses.

El Al sees $30m Q1 revenue drop from virus impact (Feb 12, 2020 07:00 AM)
The Israeli carrier, which has cancelled all flights to China, expects to make up most of the fall by reducing operational expenses.

Israeli cybersecurity co Sixgill raises $15m (Feb 11, 2020 08:32 PM)
The Israeli cyber threat intelligence company will use the new funds to expand its market presence worldwide.

Tue: Teva fuels TASE rally (Feb 11, 2020 06:42 PM)
Teva and Energean led the market higher today but Delek and Perrigo led the declines.

Amdocs staying away from MWC because of virus (Feb 11, 2020 06:21 PM)
Amdocs will not be present in Barcelona where some of the world's biggest tech companies have already cancelled their participation.

Partner snubs Hot with bid for Golan Telecom (Feb 11, 2020 05:06 PM)
Cellcom is already in talks to buy Golan Telecom, while Partner has received an acquisition offer from Hot.

5,400-home Rishon urban renewal project approved (Feb 11, 2020 04:26 PM)
9-30-floor buildings with 5,397 apartments will replace the 2,900 existing housing units in 3-4-floor buildings in Ramat Eliahu.

Housing sales in Israel hit 4-year high (Feb 11, 2020 02:59 PM)
The number of real estate deals in December 2019 was the highest since June 2015, the Ministry of Finance reports.

Shekel gains despite dollar's global strength (Feb 11, 2020 02:55 PM)
The shekel is trading at its strongest for two years against the dollar, even though the dollar is at a four-month high against other major currencies.

Shekel gains despite dollar's global strength (Feb 11, 2020 02:04 PM)
The shekel is trading at its strongest for two years against the dollar, even though the dollar is at a four-month high against other major currencies.

Bar Refaeli's mother nears16-month jail plea deal (Feb 11, 2020 01:37 PM)
Under the emerging plea bargain, Bar Refaeli will be sentenced to nine months of community service and a NIS 10-15 million fine.

Police order Tel Aviv strip clubs closed (Feb 11, 2020 01:13 PM)
Since April 2019, lap dancing has been classified as prostitution, allowing Israel Police to issue the closure orders.

Hospital chief enraged by 'collapsing health system' claims (Feb 11, 2020 01:09 PM)
Ichilov Hospital CEO Ronni Gamzu is furious about Benny Gantz's populist comments and says that education and transport have bigger problems than the health services.

Hospital chief enraged by collapsing health system claims (Feb 11, 2020 12:59 PM)
Ichilov Hospital CEO Ronni Gamzu is furious about Benny Gantz's populist comments and says that education and transport have bigger problems than the health services.

Shekel gains despite dollar's global strength (Feb 11, 2020 12:38 PM)
The shekel is trading at its strongest for two years against the dollar, even though the dollar is at a four-month high against other major currencies.

Binyamina-Givat Ada to double population (Feb 11, 2020 12:24 PM)
A new, twenty-year outline plan seeks to preserve the area's rural character while permitting development.

Breakdown interrupts Leviathan gas production (Feb 11, 2020 10:25 AM)
The breakdown resulted from a power supply failure. The Ministry of Environmental Protection says that no excessive pollution levels have been recorded.

Israeli Startup Companies and Venture Capital from Globes

Employee stock options co EquityBee raises $6.6m (Feb 16, 2020 01:49 PM)
EquityBee, which has enabled hundreds of Israeli startup employees to exercise their stock options, is now launching in the US.

Digital companion co Intuition Robotics raises $36m (Feb 13, 2020 03:36 PM)
Over the last 12 months, ElliQ, the social companion robot that aims to reduce loneliness and social isolation, has spent over 10,000 days in older adults' homes.

Cloud data management co Model9 raises $9m (Feb 12, 2020 04:08 PM)
The Israeli company helps large enterprises accelerate their implementation of hybrid cloud and reduce the cost and complexity of their mainframe infrastructure.

Deep learning cybersecurity co Deep Instinct raises $43m (Feb 12, 2020 03:42 PM)
Deep Instinct CEO: Current solutions based on ‘assume breach’ are simply insufficient for the highly sophisticated attack landscape.

Employee stock options co EquityBee raises $6.6m (Feb 12, 2020 12:48 PM)
EquityBee, which has enabled hundreds of Israeli startup employees to exercise their stock options, is now launching in the US.

Israeli cybersecurity co Sixgill raises $15m (Feb 11, 2020 08:32 PM)
The Israeli cyber threat intelligence company will use the new funds to expand its market presence worldwide.

Israeli cybersecurity co Beyond raises $21m (Feb 9, 2020 05:11 PM)
The company was founded by the four founders of Adallom, which was sold to Microsoft in 2015 for $320 million.

TLV Partners closes $210m in new VC funds (Feb 9, 2020 02:56 PM)
TLV Partners has closed a $150 million early stage fund and $60 million opportunity fund for growth companies.

Bler: Working wonders with open source intelligence (Jan 30, 2020 01:39 PM)
Between the Internet, darknet and social networks, Israel's Bler Systems can crack a lot of criminal and security investigations.

Coming soon: Trigo's checkout free stores (Jan 27, 2020 05:56 PM)
After trials with Tesco and Shufersal, Israel's Trigo is moving into retail chains worldwide with its ceiling cameras and software that eliminate the need for checkout counters.

Switzerland and Israel: An entrepreneurial win-win (Jan 13, 2020 04:27 PM)
A new Swiss initiative will enable startups from the two countries to learn from each other's strengths.

Avigdor Willenz has done it again (Dec 16, 2019 10:25 PM)
The Israeli entrepreneur has previously sold companies to Marvell, Amazon and Cisco. But why has Intel paid $2 billion for Habana Labs?

"Globes" startup of the year: DriveNets - challenging Cisco and Juniper (Dec 15, 2019 12:14 PM)
Co-founder Hillel Kobrinsky: We looked for a business problem, and then developed the technology, not the other way around.

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.

Facebook may keep Waze independent (May 12, 2013 05:31 PM)
However, Facebook's history shows that its strategy has always been to acquire skills rather than companies or products.

Facebook and Waze mull road ahead (May 9, 2013 04:37 PM)
Facebook has had limited success in creating revenue from smartphone users.

Only one way for Waze (Jan 3, 2013 06:44 PM)
Given the risks and the opportunities, a quick sale looks like an almost certain outcome.

Israel's high-tech engine liable to stall (Aug 8, 2011 12:18 PM)
Israeli high tech never really recovered from the last crisis, which especially hurt local venture capital funds.

Israel acquisition reflects Facebook's new strategy (Mar 22, 2011 04:11 PM)
Snaptu has benefitted from the fact that smartphones are still being outsold by simpler handsets.


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