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Israel Business News Feeds

Main Headlines from Globes

Thu: Heavy falls on TASE in line with global trend (May 23, 2019 08:19 PM)
As the temperature rose in the US-China trade war, stock markets dipped worldwide today, and all five leading stocks in Tel Aviv fell.

As the shekel strengthens, will history repeat itself? (May 23, 2019 07:04 PM)
Despite a recent dip, current market conditions are very similar to those of early 2017.

Wizz Air to launch Eilat - Vilnius flights (May 23, 2019 02:32 PM)
Wizz Air will qualify for an enlarged Israeli government subsidy of €66 per passenger flown into Israel from €60.

IBM Israel laying off dozens in storage division (May 23, 2019 02:13 PM)
IBM is reorganizing its Tel Aviv development center, which is based on the 2008 acquisition of XIV.

Centerbridge, Gallatin buy control of Phoenix from Delek (May 23, 2019 02:11 PM)
The two funds have signed a binding agreement and will pay NIS 575 million for a 32.5% stake in the Israeli insurance company.

Centrebridge, Gallatin buy control of Phoenix from Delek (May 23, 2019 01:58 PM)
The two funds have signed a binding agreement and will pay NIS 575 million for a 32.5% stake in the Israeli insurance company.

Centrebridge, Gallatin buy control of Phoenix from Delek (May 23, 2019 12:57 PM)
The funds have signed a binding agreement and will pay NIS 575 million for a 32.5% stake in the Israel insurance company.

Aviv, Leny buy large Tel Aviv seafront lot (May 23, 2019 12:35 PM)
The two groups will pay NIS 250 million for the lot which has rights for a 19-floor hotel and apartment building.

Credit Suisse cuts Teva's target price again (May 23, 2019 11:29 AM)
Credit Suisse has now lowered the price to $14 per share from $18, having cut the price from $20 just three weeks ago.

Top Palestinian businessmen refuse Bahrain invitation (May 23, 2019 09:45 AM)
Businessmen like Rawabi developer Bashar Masri will reportedly not attend the US initiated Bahrain workshop.

ThyssenKrupp completes first Israeli submarine - report (May 23, 2019 08:53 AM)
Top Israeli defense officials will be in Kiel this week to mark completion of the first Saar 6 submarine, marred by the Case 3000 corruption investigation, "Kieler Nachrichten" reports.

ThyssenKrupp completes first Israeli submarine - report (May 23, 2019 08:29 AM)
Top Israeli defense officials will be in Kiel this week to mark completion of the first Saar 6 submarine, marred by the Case 3000 corruption investigation, "Kieler Nachichten" reports.

Canada's Nuvei to buy Sagi's SafeCharge for $889m (May 23, 2019 06:18 AM)
Controlling shareholder Teddy Sagi will receive $570 million for his stake in the Israeli payment solutions company.

Solabia buys Israeli microalgae co Algatechnologies (May 22, 2019 09:47 PM)
The French biotech group has acquired 80% of the company based at Kibbutz Ketura near Eilat.

HotelsbyDay to open Israeli website for renting rooms hourly (May 22, 2019 09:09 PM)
The website offers hotel rooms for a few hours at a time at reduced prices for a 'quiet place to work and meet during the day.'

Autonomous drone co Percepto raises $15m (May 22, 2019 06:46 PM)
Making drones started out as a hobby for Percepto's founders when they found that no one else made good enough drones.

Wed: Azrieli keeps TASE back on the rise (May 22, 2019 06:19 PM)
Azrieli and Delek led the rise on the market today but Teva and Bezeq lost more ground.

Solabia buys Israeli microalgae co Algatechnologies for $100m (May 22, 2019 05:32 PM)
The French biotech group has acquired 80% of the company based at Kibbutz Ketura near Eilat.

Israeli cybersecurity co Hunters.AI raises $5.4m (May 22, 2019 05:04 PM)
The Tel Aviv-based company will use the funds to promote its efforts to accelerate cyber threat response and fight cybercrime.

Solabia buys Israeli microalgae co Algatechnologies for $100m (May 22, 2019 04:52 PM)
The French biotech group has acquired 80% of the company based at Kibbutz Ketura near Eilat.

Solabia buys Israeli microalgae co Algatechnologies for $100m (May 22, 2019 04:38 PM)
The French biotech group has acquired 80% of the company based at Kibbutz Ketura near Eilat.

Strong results as Azrieli reduces dependence on malls (May 22, 2019 04:14 PM)
Net profit rose 42% to NIS 369 million in the first quarter of 2019.

Israeli telematics based insurance co VOOM raises $5m (May 22, 2019 03:57 PM)
VOOM will ensure that users of mobility platforms including electric scooters and bikes can grab insurance on-the-go from their mobile devices whether they ride, fly, or sail.

Israeli consumers besieged by wave of price rises (May 22, 2019 03:21 PM)
Municipal property taxes, water rates, and dairy and bread prices are all set to rise.

Canada's Nuvei to buy Sagi's SafeCharge for $889m (May 22, 2019 03:15 PM)
Controlling shareholder Teddy Sagi will receive $570 million for his stake in the Israeli payment solutions company.

Canada's Nuvei to buy Sagi's SafeCharge for $889m (May 22, 2019 03:13 PM)
Controlling shareholder Teddy Sagi will receive $570 million for his stake in the Israeli payment solutions company.

Rwandair to launch Tel Aviv - Kigali flights next month (May 22, 2019 02:35 PM)


Ceragon leases Rosh HaAyin offices from Nitsba (May 22, 2019 01:35 PM)
Ceragon will pay NIS 5 million a year for 6,000 square meters, with two five-year extension options.

Gigi Levy-Weiss's NFX raises $275m VC fund (May 22, 2019 12:47 PM)
"We truly believe that if the product has an impact on people's lives, the money is bound to come."

Sharp shekel depreciation gains momentum (May 22, 2019 11:18 AM)
Excellence Nessuah Investments: The shekel will rebound if the Bank of Israel does not act.

Shekel weakens after BoI leaves rate unchanged (May 22, 2019 11:01 AM)
Bank of Israel: For the year to date, the shekel has strengthened by 6%.

Airbnb launches Hebrew website and app (May 22, 2019 10:47 AM)
In 2018, 22,000 homes in Israel were advertised on Airbnb with the average host earning over NIS 10,000 over the year.

Airbnb launches Hebrew website and app (May 22, 2019 10:46 AM)
In 2018, 22,000 homes in Israel were advertised on Airbnb with the average host earning over NIS 10,000 over the year.

Zebra buys Israeli retail analytics co Profitect for $100m (May 22, 2019 10:05 AM)
Profitect has developed a product that can track and identify inventory losses in stores.

Zebra buys Israeli retail analytics co Profitect for $100m (May 22, 2019 10:01 AM)
Profitect has developed a product that can track and identify inventory losses in stores.

Isramco to delist from Nasdaq (May 21, 2019 08:07 PM)
The Equital ownership pyramid, which has three layers, is legally required to be reduced to two layers by the end of the year.

Tue: Teva turnaround boosts TASE (May 21, 2019 06:57 PM)
Teva and Phoenix lifted the market today but Bezeq and NICE Systems fell.

Perrigo guarantees 5 years Israel operations in Yeruham (May 21, 2019 06:37 PM)
The workers in the Yeruham plant will also receive bonuses and pay hikes under the agreement signed with Perrigo's management.

OECD cuts Israel's 2019 growth forecast (May 21, 2019 05:42 PM)
The OECD lowered the 3.5% forecast for Israel's economic growth to 3.1% and warns that essential measures such as tax hikes should be introduced.

Shell makes first investment in Israeli startup (May 21, 2019 04:59 PM)
Haifa based vehicle inspection company Ravin.ai has raised $4 million in seed funding.

Dan Caesarea reopens after comprehensive renovations (May 21, 2019 04:31 PM)
The NIS 80 million renovations took eight months to complete.

Israeli cloud security co Guardicore raises $60m (May 21, 2019 04:06 PM)
The funds will enable the company to maintain its current momentum and continue to disrupt the broader firewall and data center markets.

Israeli cloud security co Guardicore raises $60m (May 21, 2019 04:00 PM)
The funds will enable the company to maintain its current momentum and continue to disrupt the broader firewall and data center markets.

Len Blavatnik sells 50% Taavura stake (May 21, 2019 03:05 PM)
Leumi Partners and Phoenix have each acquired 20% stakes and the Livnat brothers, who owned the other 50%, have increased their stake to 60%.

AI device defect detection co Veego raises $5m (May 21, 2019 03:01 PM)
Based in Ramat Gan, the Israeli company has developed artificial intelligence technology for eliminating malfunctions in the connected home.

Len Blavatnik sells 50% Taavura stake (May 21, 2019 02:59 PM)
Leumi Partners and Phoenix have each acquired 20% stakes and the Livnat brothers, who owned the other 50%, have increased their stake to 60%.

Shekel weakens after BoI leaves rate unchanged (May 21, 2019 02:14 PM)
Bank of Israel: For the year to date, the shekel has strengthened by 6%.

Saudi Arabia opens its doors to Israeli Arabs (May 21, 2019 01:33 PM)
Arab graduates of Israeli universities are esteemed as professionals in the Arab world, and a window for their employment is now being opened in Saudi Arabia.

Len Blavatnik sells 50% Taavura stake (May 21, 2019 01:23 PM)
Leumi Partners and Phoenix have each acquired 20% stakes and the Livnat brothers, who owned the other 50%, have increased their stake to 60%.

Digital therapeutics co Happify teams with Sanofi (May 21, 2019 12:42 PM)
Happify combines digital therapeutics with drug treatment.

Israeli court rules Bitcoin not a currency (May 21, 2019 12:23 PM)
The Central District Court accepted the Israel Tax Authority's position that Bitcoin is an asset, not a currency, making profits on its sale liable to capital gains tax.

Shekel weakens after BoI leaves rate unchanged (May 21, 2019 12:04 PM)
Bank of Israel: For the year to date, the shekel has strengthened by 6%.

Netanyahu asks for whole year deferral of hearing (May 21, 2019 10:45 AM)
Prime Minister Benjamin Netanyahu's lawyers claim they need the time to study the materials in the cases against him. Attorney General Avichai Mandelblit is expected to refuse the request.

Israeli genealogy co MyHeritage to launch DNA health test (May 20, 2019 09:54 PM)
The test provides a new dimension of genetic insight with comprehensive health reports that can empower future health and lifestyle choices.

Israeli genealogy co MyHeritage to launch DNA health test (May 20, 2019 09:26 PM)
The test provides a new dimension of genetic insight with comprehensive health reports that can empower future health and lifestyle choices.

Mon: Trade war escalation drags TASE down (May 20, 2019 07:15 PM)
Israel Chemicals and Tower both fell but Melisron and Azrieli bucked the market.

Jared Kushner: Palestinians deserve to live in dignity (May 20, 2019 06:52 PM)
A spokesperson for President Trump's son-in-law and senior advisor has told "Globes" that through economic vision, the main political issues can be solved.

Jared Kushner: Palestinians deserve to live in dignity (May 20, 2019 06:45 PM)
A spokesperson for President Trump's son-in-law and senior advisor has told "Globes" that through economic vision the main political issues can be solved.

Free Jaffa shuttle after Jerusalem Blvd closes (May 20, 2019 06:17 PM)
The Yafoit minibus service will begin operating on Friday, using minibuses at a frequency of every 10 minutes.

Castro in talks with Amazon on online sales (May 20, 2019 05:56 PM)
The Israeli retail fashion chain already operates its own sales website but is looking to expand online revenue by using Amazon's platform.

5 Chinese cos to bid for TA light rail tunnels (May 20, 2019 04:51 PM)
Work is scheduled to begin at the start of 2020 and will include digging a 4.6 kilometer tunnel and building three underground stations.

Mizrahi Tefahot Q1 profit up, despite US fine (May 20, 2019 04:35 PM)
Mizrahi Tefahot Bank is not distributing a dividend, but expects to distribute one next quarter.

Vincent Tchenguiz to invest $7m in BioProtect (May 20, 2019 04:28 PM)
BioProtect protects health tissue against radiation in cancer treatment.

BoI keeps rate unchanged due to low inflation, strong shekel (May 20, 2019 04:18 PM)
The Bank of Israel Monetary Committee has left the June interest rate unchanged at 0.25%.

Israeli cybersecurity company Siemplify raises $30m (May 20, 2019 03:24 PM)
Siemplify will use these funds for expanding its marketing operations and further developing its security orchestration, automation and response (SOAR) platform.

Africa-Israel bondholders choose Keystone for Road 6 operator stake (May 20, 2019 03:10 PM)
The bond trustees will instruct the Africa-Israel board of directors to sell the company's holdings for NIS 182 million.

Better Q1 profitability boosts Strauss (May 20, 2019 01:56 PM)
Although its revenue dipped 3%, Strauss improved its gross and operating profit margins.

Giant Swiss sports retailer Intersport in talks with Azrieli (May 20, 2019 01:08 PM)
In the footsteps of Decathlon, Intersport is in talks to open sports goods stores in Azrieli Group's malls in Israel.

Giant Swiss sports retailer Intersport in talks with Azrieli (May 20, 2019 12:43 PM)
In the footsteps of Decathlon, Intersport is in talks to open sports goods stores in Azrieli Group's malls in Israel.

Giant Swiss sports retailer Intersport in talks with Azrieli (May 20, 2019 12:25 PM)
In the footsteps of Decathlon, Intersport is talks to open sports goods stores in Azrieli Group's malls in Israel.

Easier user rules prospect boosts cannabis stocks (May 20, 2019 11:16 AM)
Deputy Minister of Health Yaakov Litzman announced that a license would no longer be required to use cannabis for certain indications.

aMoon expands investment in BiondVax (May 20, 2019 10:26 AM)
The life sciences venture capital fund could become the controlling shareholder in universal flu vaccine developer Biondvax after the company's rights issue.

aMoon expands investment in BiondVax (May 20, 2019 10:11 AM)
The life sciences venture capital fund could become the controlling shareholder in universal flu vaccine developer Biondvax after the company's rights issue.

aMoon invests in universal flu developer BiondVax (May 20, 2019 10:05 AM)
The life sciences venture capital fund is investing up to $14 million in Biondvax, which may also raise $16 million from the public.

ElectReon to build smart road in Sweden (May 20, 2019 09:31 AM)
A 1.6-kilometer electrified road will be built in the project as part of a 4.1-kilometer highway between the airport and Visby on the island of Gotland.

Four killed as crane collapses in Yavne (May 20, 2019 06:31 AM)
20 people have been killed and 70 injured in building site accidents in Israel since the start of the year.

Four killed as crane collapses in Yavne (May 19, 2019 09:04 PM)
16 people have been killed and 68 injured in building site accidents in Israel since the start of the year.

Four killed as crane collapses in Yavne (May 19, 2019 09:00 PM)
16 people were killed and 68 injured in building site accidents before the latest accident.

Sun: NICE Systems helps TASE edge higher (May 19, 2019 05:47 PM)
NICE Systems and Discount and Mizrahi Tefahot banks led the market higher today but Teva continued to fall.

Israeli diagnostics co G Medical set for Nasdaq offering (May 19, 2019 05:07 PM)
The Israeli company has developed two products: a heart diagnostic device connected to a smartphone and a sticker for monitoring patients in hospital beds

ElectReon signs contract to build smart road in Sweden (May 19, 2019 02:33 PM)
A 1.6-kilometer electrified road will be built in the project as part of a 4.1-kilometer highway between the airport and Visby on the island of Gotland.

Apartments sold and rented (May 19, 2019 01:33 PM)
A selection of recent real estate deals in Israel including in Netanya, Bat Yam, Ashdod and Harish.

Wix buys brand promotion agency Gefen Team (May 19, 2019 12:45 PM)
The acquisition of Tel Aviv-based Gefen Team will push forward Wix's vision of becoming one of the world's top and best-loved brands.

European Investment Fund, Leumi expand tech credit (May 19, 2019 12:05 PM)
The new agreement under the EU's Horizon 2020 program makes $600 million credit available to Israeli technology companies and companies investing in innovation.

S&P: Teva faces greatest liability in US antitrust suit (May 19, 2019 11:22 AM)
S&P Global is not changing its rating for Teva's debt at present.

Comperes beat performers in Eurovision final ratings (May 19, 2019 10:27 AM)
45% of Israeli households watched the explanation of the voting method. The much anticipated performance by Madonna reached a rating of just 34.3%.

Indian Navy, Israel Aerospace conduct trial of SAM missile (May 17, 2019 06:34 PM)
The Indian Navy said that it had, "achieved a significant milestone in enhancing its anti-air warfare capability."

Indian Navy conducts trial of Israel Aerospace SAM missile (May 17, 2019 05:43 PM)
The Indian Navy said that it had, "achieved a significant milestone in enhancing its anti-air warfare capability."

Israeli Startup Companies and Venture Capital from Globes

Autonomous drone co Percepto raises $15m (May 22, 2019 06:46 PM)
Making drones started out as a hobby for Percepto's founders when they found that no one else made good enough drones.

Fieldbit's smart glasses prevent oil spills (May 22, 2019 05:55 PM)
The Israeli company has developed AR solutions that enable field technicians in energy and other industries to avert disasters like BP's Gulf of Mexico oil spill.

Israeli cybersecurity co Hunters.AI raises $5.4m (May 22, 2019 05:04 PM)
The Tel Aviv-based company will use the funds to promote its efforts to accelerate cyber threat response and fight cybercrime.

Israeli telematics based insurance co VOOM raises $5m (May 22, 2019 03:57 PM)
VOOM will ensure that users of mobility platforms including electric scooters and bikes can grab insurance on-the-go from their mobile devices whether they ride, fly, or sail.

Gigi Levy-Weiss's NFX raises $275m VC fund (May 22, 2019 12:47 PM)
"We truly believe that if the product has an impact on people's lives, the money is bound to come."

Zebra buys Israeli retail analytics co Profitect for $100m (May 22, 2019 10:05 AM)
Profitect has developed a product that can track and identify inventory losses in stores.

Zebra Technologies buys Israeli retail analytics co Profitect (May 22, 2019 09:55 AM)
Profitect has developed a product that can track and identify inventory losses in stores.

Israeli SaaS platform co Torii raises $3.5m (May 21, 2019 07:40 PM)
Torii CEO: In the near future, people will not need to manage software - it will be software that manages software.

Shell makes first investment in Israeli startup (May 21, 2019 04:59 PM)
Haifa based vehicle inspection company Ravin.ai has raised $4 million in seed funding.

Israeli cloud security co Guardicore raises $60m (May 21, 2019 04:06 PM)
The funds will enable the company to maintain its current momentum and continue to disrupt the broader firewall and data center markets.

AI device defect detection co Veego raises $5m (May 21, 2019 03:01 PM)
Based in Ramat Gan, the Israeli company has developed artificial intelligence technology for eliminating malfunctions in the connected home.

Digital therapeutics co Happify teams with Sanofi (May 21, 2019 12:42 PM)
Happify combines digital therapeutics with drug treatment.

Vincent Tchenguiz to invest $7m in BioProtect (May 20, 2019 10:51 PM)
BioProtect's product protects healthy tissue from radiation during cancer treatment.

Israeli genealogy co MyHeritage to launch DNA health test (May 20, 2019 09:54 PM)
The test provides a new dimension of genetic insight with comprehensive health reports that can empower future health and lifestyle choices.

Israeli genealogy co MyHeritage to launch DNA health test (May 20, 2019 09:26 PM)
The test provides a new dimension of genetic insight with comprehensive health reports that can empower future health and lifestyle choices.

Vincent Tchenguiz to invest $7m in BioProtect (May 20, 2019 04:28 PM)
BioProtect protects health tissue against radiation in cancer treatment.

Israeli cybersecurity company Siemplify raises $30m (May 20, 2019 03:24 PM)
Siemplify will use these funds for expanding its marketing operations and further developing its security orchestration, automation and response (SOAR) platform.

European Investment Fund, Leumi expand tech credit (May 19, 2019 12:05 PM)
The new agreement under the EU's Horizon 2020 program makes $600 million credit available to Israeli technology companies and companies investing in innovation.

3D imaging co MultiVu completes $7m financing round (May 16, 2019 07:03 PM)
The Israeli startup's 3D solutions need only one sensor.

Hailo launches AI deep learning chip to challenge Intel, Nvidia (May 16, 2019 09:16 AM)
Israeli startup Hailo Technologies strong, cheap, versatile, and energy-saving AI processors empower autonomous cars, security cameras, drones, AR/VR platforms and other devices.

Mars teams with JVP to invest in Israeli food-tech (May 15, 2019 05:43 PM)
JVP chairman Erel Margalit: Israel can become a global food-tech leader.

Sisense buys US analytics platform Periscope Data for $100m (May 15, 2019 07:13 AM)
The Israeli business intelligence company will have over 700 employees and 2,000 customers after the merger.

Israeli lab-grown steak co Aleph Farms raises $12m (May 14, 2019 03:47 PM)
Ashdod-based Aleph Farms' has developed a unique non-GMO technology, which enabled it to unveil the world's first cell-grown steak.

OurCrowd has raised $900m and disrupted the disruptors (Feb 10, 2019 09:17 PM)
OurCrowd CEO Jon Medved: The problem we wanted to solve is that of people who want to invest only $10,000.

FSIGHT developing smart energy grid on Israeli kibbutz (Jan 24, 2019 03:02 PM)
Ma'ale Gilboa is hosting a pilot by an Israeli-Austrian startup, chaired by the former Austrian chancellor Christian Kern.

Who's left standing in Israel's blockchain sector? (Jan 3, 2019 11:44 PM)
As cryptocurrencies plummeted, more than 20 Israeli startups closed down in 2018.

Yehuda Zisapel brings high-tech hopes to Arad (Dec 27, 2018 08:54 PM)
Zisapel combines original solutions to Israel's engineer shortage with a fresh chance for disadvantaged youth - backed by his own cash.


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