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Israel Business News Feeds

Main Headlines from Globes

Thu: Positive week ends on downtick (Aug 17, 2017 07:50 PM)
The big banks continued to move in opposite directions today while Teva was again weak.

Bezeq internal auditor barred from probing Yes deal (Aug 17, 2017 07:30 PM)
Audit committee chairman Mordechai Keret rejected auditor's request to examine the purchase of Yes shares from Shaul Elovitch.

Frutarom Q2 net profit up 23% to $37m (Aug 17, 2017 07:21 PM)
CEO Ori Yehudai: The merger and streamlining processes will continue to strengthen our competitiveness. 

Kenon completes $650m bond issue (Aug 17, 2017 06:38 PM)
The bond offering which will be used to replace bank debt, was made through a Peruvian company.

Xinwei officially cancels Spacecom acquisition (Aug 17, 2017 06:34 PM)
Spacecom says that are other companies interested in buying or merging with it.

Mobileye: We never used Hebrew University IP (Aug 17, 2017 06:07 PM)
Mobileye and its founder Prof. Amnon Shashua say the Hebrew University cannot re-open existing agreements on royalties.

Mobileye: We never used Hebrew University IP (Aug 17, 2017 06:03 PM)
Mobileye and its founder Prof. Amnon Shashua say the Hebrew University cannot re-open existing agreements on royalties.

Drug development co Mapi Pharma raises $10m (Aug 17, 2017 04:42 PM)
The financing is for a Phase III trial for the Israeli company’s lead product, Glatiramer Acetate (Copaxone) Depot, for treating multiple sclerosis.

Homeowners by Chords Bridge win compensation (Aug 17, 2017 04:31 PM)
67 homeowners living near the entrance to the city on Herzl Boulevard will receive NIS 3.5 million compensation.

Beny Steinmetz to be released to house arrest (Aug 17, 2017 04:23 PM)
Steinmetz and Tal Silberstein are suspected of money laundering, bribery, and forgery.

Mobileye founder quits Hebrew U over royalties dispute (Aug 17, 2017 03:44 PM)
Prof. Amnon Shashua is resigning his position at the Hebrew University due to a dispute about the $15.3 billion sale of Mobileye to Intel.

Mobileye founder quits Hebrew U over royalties dispute (Aug 17, 2017 03:22 PM)
Prof. Amnon Shashua is resigning his position at the Hebrew University reportedly due to a dispute about the $15.3 billion sale of Mobileye to Intel.

Homeowners by Chords Bridge awarded compensation (Aug 17, 2017 03:12 PM)
67 homeowners living near the entrance to the city on Herzl Boulevard will receive NIS 3.5 million compensation.

Homeowners by Bridge of Chords awarded compensation (Aug 17, 2017 03:09 PM)
67 homeowners living near the entrance to the city on Herzl Boulevard will receive NIS 3.5 million compensation.

Homeowners by Bridge of Chords awarded compensation (Aug 17, 2017 02:45 PM)
67 homeowners living near the entrance to the city onHerzl Boulevard will receive NIS 3.5 million compensation.

Intec Pharma raising $57.5m on Nasdaq (Aug 17, 2017 02:17 PM)
The Israeli clinical-stage biopharmaceutical company is developing drugs based on its proprietary Accordion Pill platform technology.

Shekel firm despite rate delay concerns (Aug 17, 2017 01:37 PM)
As inflation moves deeper into negative territory, there are fears the Bank of Israel might not raise interest rates until 2019.

Tel Aviv startup scene guide to be published (Aug 17, 2017 01:17 PM)
A new venture focuses on Tel Aviv, Israel's technology capital, offering a Lonely Planet-style guide to Israeli high tech in English.

Social Finance Israel raises NIS 20m for diabetes treatment (Aug 17, 2017 12:59 PM)
The National Insurance Institute pays investors if the treatment is successful.

Tel Aviv startup scene guide to be published (Aug 17, 2017 12:53 PM)
Most of the guide will be free of charge, but a fee will charged for some parts.

IAI reports record order backlog boosted by Indian deals (Aug 17, 2017 08:20 AM)
Israel Aerospace saw higher profit on lower revenue in the second quarter, in which the company signed its biggest-ever deal.

Gas royalty revenue down slightly in first half 2017 (Aug 17, 2017 07:24 AM)
Gas production from the Tamar field rose 7% but the appreciation of the shekel meant revenue fell 0.3%, the Energy Ministry reports.

Wed: Teva lifts TASE (Aug 17, 2017 06:39 AM)
Pharma stocks Teva, Mylan and Perrigo led the market higher today but Discount Bank slipped and El Al plunged.

Wed: Teva lifts TASE (Aug 16, 2017 06:36 PM)
Pharma stocks Teva, Mylan and Perrigo led the market higher today but Discount Bank slipped.

Prescription error elimination co MedAware raises $8m (Aug 16, 2017 06:12 PM)
The Israeli company has developed algorithm-rich solutions for the detection and elimination of prescription errors.

Another arrest in Steinmetz investigation (Aug 16, 2017 05:47 PM)
Udi Neta, a former Tel Aviv city council member, is suspected of aiding Beny Steinmetz and Tal Zilbershtein in alleged money laundering regarding fictitious deals in Romania.

Robot drug dispensing co RescueDose raises $2.5m (Aug 16, 2017 05:23 PM)
The investing company is ERA Brazil Israel, owned by Eric Ben-Mayor and partners.

RADA wins $8m US radar deal (Aug 16, 2017 05:03 PM)
The radar will be used by a key US military force, providing it with air surveillance with emphasis on counter-UAV.

Citi downgrades Teva (Aug 16, 2017 04:27 PM)
Admitting it had been wrong about Teva, Citi downgraded the company from "Buy" to "Neutral."

Ramat Gan mayor to be indicted subject to hearing (Aug 16, 2017 03:06 PM)
Yisrael Zinger is accused of taking bribes, fraud and breach of trust.

Israeli economy grew at 2.7% in Q2 (Aug 16, 2017 01:44 PM)
GDP grew at a sluggish 2.1% in the first half of 2017, the Central Bureau of Statistics reports, down from 4.7% in the corresponding period of 2016.

Israeli economy grew at 2.7% in Q2 (Aug 16, 2017 01:36 PM)
GDP grew at a sluggish 2.1% in the first half of 2017, the Central Bureau of Statistics reports down from 4.7% in the corresponding period of 2016.

Azrieli Group profit nearly triples (Aug 16, 2017 01:10 PM)
The Israeli income-producing property group has recently opened the Rishonim Mall and Sarona Tower.

Mobileye founders implicated in insider trading affair (Aug 16, 2017 12:35 PM)
According to an indictment filed by the US SEC, Amnon Shashua and Ziv Aviram disclosed information about the acquisition by Intel before it was announced.

Blackstone halts NSO acquisition talks - report (Aug 16, 2017 12:35 PM)
The US private equity fund had been in talks to buy 40% of the Israeli smartphone surveillance company for $400 million, reports "Reuters."

Qoros teams with strategic partners in China (Aug 16, 2017 12:15 PM)
The company has announced orders for 30,000 vehicles to be supplied to large institutional customers over the next two years.

El Al Q2 profit halved (Aug 16, 2017 11:28 AM)
El Al's share price has fallen sharply on the Tel Aviv Stock Exchange this morning.

Mobileye founders implicated in insider trading affair (Aug 16, 2017 11:09 AM)
According to an indictment filed by the US SEC, Amnon Shashua and Ziv Aviram disclosed information about the acquisition by Intel before it was announced.

Mobileye founders implicated in insider trading affair (Aug 16, 2017 11:03 AM)
According to an indictment filed by the US SEC, Amnon Shashua and Ziv Aviram disclosed information about the acquisition by Intel before it was announced.  

Partner dips as Q2 financials show revenue drop (Aug 16, 2017 10:32 AM)
Quarterly revenue fell 10% to NIS 805 million, but net profit rose 31% to NIS 34 million.

CPI unexpectedly fell in July, home prices rising (Aug 16, 2017 10:06 AM)
Israel's Consumer Price Index fell by 0.1% in July as inflation moves deeper into negative territory.

July inflation reading weakens shekel (Aug 16, 2017 09:59 AM)
The capital market now sees the Bank of Israel's interest rate remaining low well into 2018. 

Strike over at Mizrahi Tefahot (Aug 16, 2017 07:19 AM)
The management and workers committee at Mizrahi Tefahot Bank signed an agreement to end their dispute this morning.

Delek Drilling revenue rises on increased Tamar gas supply (Aug 15, 2017 06:59 PM)
The newly merged gas production company announced a $300 million quarterly dividend.

Device repair co Cellsavers rebrands as Puls raises $25m (Aug 15, 2017 06:57 PM)
The funding will enable Puls to widen its offering of rapid-response, in-home digital services beyond cellphone and tablet repair to other devices.

CPI unexpectedly fell in July, home prices rising (Aug 15, 2017 06:55 PM)
Israel's Consumer Price Index fell by 0.1% in July as inflation moves deeper into negative territory.

Tue: Buoyant Leumi fails to breathe life into flat TASE (Aug 15, 2017 06:33 PM)
Bank Leumi, Bezeq and Frutarom led today's gains as Opko led the declines.

Sol-Gel planning Nasdaq IPO at $200-300m valuation (Aug 15, 2017 05:24 PM)
The dermatology company's unique wrapping method makes it possible to combine two anti-acne drugs.

Blue Square to build 2 Tel Aviv towers (Aug 15, 2017 05:21 PM)
The company and its partners bought the Motorola site in Tel Aviv for NIS 470 million.

Device repair co Cellsavers rebrands as Puls raises $25m (Aug 15, 2017 04:49 PM)
The funding will enable Puls to widen its offering of rapid-response, in-home digital services beyond cellphone and tablet repair to other devices.

Cerberus, Advent eye Teva assets - report (Aug 15, 2017 04:39 PM)
Foreign media reports say the investment funds are interested in buying Teva's oncology and pain treatment divisions.

Cerberus, Advent eye Teva assets - report (Aug 15, 2017 04:36 PM)
Foreign media reports say the investment funds are interested in Teva's oncology and pain treatment divisions.

Device repair co Cellsavers rebrands as Puls raises $25m (Aug 15, 2017 03:59 PM)
The funding will enable Puls to widen its offering of rapid-response, in-home digital services beyond cellphone and tablet repair to other devices.

Frutarom buys UK co Flavours & Essences for $19.5m (Aug 15, 2017 03:51 PM)
This is the Israeli flavors and natural specialty fine ingredients company's fifth acquisition this year.

Check Point overtakes Teva to become Israel's most valuable company (Aug 15, 2017 03:22 PM)
Israeli IT security company Check Point has a market cap of $17.7 billion compared with Teva's $17.4 billion.

Check Point overtakes Teva to become Israel's most valuable company (Aug 15, 2017 02:44 PM)
Israeli IT security company Check Point has a market cap of $17.7 billion compared with Teva's $17.4 billion.

Africa-Israel bondholders cancel Saidoff exclusivity (Aug 15, 2017 01:16 PM)
The bondholders are demanding that the Saidoff brothers restore what they say is the original version of their bid.

Steinmetz arrested in money laundering case (Aug 15, 2017 11:55 AM)
Billionaire Beny Steinmetz and acting Bezeq chairman David Granot are among five being questioned by Israel Police's Lahav 433 division.

Improved efficiency boosts Leumi's Q2 results (Aug 15, 2017 11:50 AM)
Bank Leumi's voluntary early retirement program has brought its efficiency ratio to below 60%.

First International Bank reaches 8.3% return on equity (Aug 15, 2017 11:37 AM)
The bank will distribute a NIS 70 million dividend.

Elbit Systems posts strong revenue, profit growth (Aug 15, 2017 11:31 AM)
The Israeli defense company’s orders backlog totaled $7,329 million at the end of the second quarter, up from $6,818 million a year earlier.

Bank Hapoalim posts NIS 812m Q2 profit (Aug 15, 2017 10:48 AM)
Return on equity in the quarter was 9.5%, while the bank's tier-1 capital adequacy ratio rose to 11.35%.

Improved efficiency boosts Leumi's Q2 results (Aug 15, 2017 10:47 AM)
Bank Leumi's voluntary early retirement program has brought its efficiency ratio to below 60%.

Discount Bank Q2 profit up 14% (Aug 15, 2017 10:46 AM)
The bank saw a substantial improvement in its efficiency ratio. 

Improved efficiency boosts Leumi's Q2 results (Aug 15, 2017 09:56 AM)
Bank Leumi's voluntary early retirement program has brought its efficiency ratio to below 60%.

Bank Hapoalim posts NIS 812m Q2 profit (Aug 15, 2017 09:27 AM)
Return on equity in the quarter was 9.5%, while the bank's tier-1 capital adequacy ratio rose to 11.35%.

Aspire Global up 30% since Swedish IPO (Aug 14, 2017 07:32 PM)
The Israeli online gaming company's market cap has soared to $205 million.

Minrav, Sadyt bid to buy Ashdod desalination plant (Aug 14, 2017 07:31 PM)
The two companies built the plant, which has planning and construction defects that will cost NIS 250-300 million to repair.

Lockheed Martin mulls IDF logistics centers tender bid (Aug 14, 2017 07:12 PM)
The cost of the logistics center plan is estimated at NIS 15 billion.

Mon: TASE soars while Teva continues falling (Aug 14, 2017 07:02 PM)
Tower and Delek Drilling led the market higher but Teva and Bezeq were down.

KSM acquiring Excellence Mutual Funds (Aug 14, 2017 06:11 PM)
The deal is related to turning exchange traded funds into exchange traded notes.

Steinmetz arrested in money laundering case (Aug 14, 2017 05:10 PM)
Billionaire Beny Steinmetz and acting Bezeq chairman David Granot are among five being questioned by Israel Police's Lahav 433 division.

Steinmetz arrested in money laundering case (Aug 14, 2017 03:59 PM)
Billionaire Beny Steinmetz and acting Bezeq chairman David Granot are among five arrested and being questioned by Israel Police's Lahav 433 division.

Steinmetz arrested in money laundering case (Aug 14, 2017 03:58 PM)
Billionaire Beny Steinmetz and acting Bezeq chairman David Granot are among five arrested and being questioned by Israel Police's Lahav 433 division.

Check Point's share buyback totals $4.2b since 2012 (Aug 14, 2017 03:24 PM)
The company announced the extension of its buyback program last week.

Agreement signed for 37,000 new homes in Ashdod (Aug 14, 2017 03:20 PM)
After years of little development, Ashdod is set to grow well beyond its current population of 250,000.

Bezeq acting chairman David Granot arrested (Aug 14, 2017 02:59 PM)
Granot is one of five people detained for questioning this morning on suspicion of money laundering on a large scale.

Bezeq acting chairman David Granot arrested (Aug 14, 2017 02:57 PM)
Granot is one of five people detained for questioning this morning on suspicion of money laundering on a large scale.

TowerJazz technology in DENSO car safety system (Aug 14, 2017 02:52 PM)
DENSO’s rear and side radar sensor system uses TowerJazz's SiGe platform.

Telit announces CEO Oozi Cats stepping down (Aug 14, 2017 02:29 PM)
The company unexpectedly suspended Cats last week, following what it called "speculations."

Check Point's share buyback totals $4.2b since 2012 (Aug 14, 2017 02:13 PM)
The company announced the extension of its buyback program last week.

Economy minister: Lenovo owner plans investment in Israel (Aug 14, 2017 12:29 PM)
"Both acquisitions of Israeli companies and a development or production center are under consideration."

Israeli consumer watchdog fines Booking.com NIS 3m (Aug 14, 2017 12:28 PM)
The overnight prices listed on the website did not include VAT.

Exalenz Bioscience plans Nasdaq IPO (Aug 14, 2017 11:05 AM)
Controlling shareholder Mori Arkin told "Globes" that he hopes the Israeli diagnostics company's IPO will be at a company value of $200-300 million.

Michel Strawczynski to head BoI Research Dept (Aug 14, 2017 10:40 AM)
Prof. Strawczynski will replace Prof. Nathan Sussman, who will step down after six years in the position.

Israel Police question five in huge money laundering case (Aug 14, 2017 09:47 AM)
One of the suspects is a very prominent Israeli businessman.

Arkin slams Teva for not foreseeing generics crisis (Aug 13, 2017 09:17 PM)
Biotech and medical devices investor Mori Arkin: The global generics market is in a terrible state, but it wasn't unexpected.

Exalenz Bioscience plans Nasdaq IPO (Aug 13, 2017 06:37 PM)
Controlling shareholder Mori Arkin told "Globes" that he hopes the Israeli diagnostics company's IPO will be at a company value of $200-300 million.

Food prices and sales rose in first half of 2017 (Aug 13, 2017 06:36 PM)
Sales of fast moving consumer goods were up 1.4% to NIS 24.1 billion in 2017.

Sun: Delek leads market higher (Aug 13, 2017 06:33 PM)
Delek, Frutarom and Bezeq led the rises, Teva halted the slide and Mylan slumped.

33% of food stores violate price controls (Aug 13, 2017 05:18 PM)
Violations of Israeli government food price controls more than doubled in the first half of 2017.

Apartments sold and rented (Aug 13, 2017 04:26 PM)
A selection of recent real estate deals in Israel including in Tel Aviv, Ramat Gan, Holon, Ramat Hasharon and Netanya.

Decathlon to open first Israeli store (Aug 13, 2017 03:14 PM)
The 3,000-square meter store in the Rishon Lezion G center will have 60 separate departments.

Teva parties as share price plunges to new low (Aug 13, 2017 03:01 PM)
Teva's employees celebrated lavishly in Caesarea as the share price fell further on Wall Street.

New home sales up in June (Aug 13, 2017 02:31 PM)
New homes sales in the second quarter were 22% up from the preceding month and 2.5% up from June 2016. 

Strauss profit jumps 25% (Aug 13, 2017 02:29 PM)
The Israeli company's net profit rose to NIS 97 million.

Decathlon to open first Israeli store (Aug 13, 2017 02:27 PM)
The 3,000-square meter store in the Rishon Lezion G center will have 60 separate departments.

3 overseas cos competing in NTA signals tender (Aug 13, 2017 01:12 PM)
The Tel Aviv light rail signals system includes railway command and control components.

Marketing platform co AppCard acquires ProLogic (Aug 13, 2017 12:57 PM)
The Israeli company says its machine learning technology will combine with ProLogic's vertical expertise and strong market presence to position it as the leading loyalty provider for the grocery market.

OPC IPO back to minimum price, raises NIS 398m (Aug 13, 2017 12:23 PM)
The Israeli energy company only raised NIS 46 million from the public.

Israeli Startup Companies and Venture Capital from Globes

Drug development co Mapi Pharma raises $10m (Aug 17, 2017 04:42 PM)
The financing is for a Phase III trial for the Israeli company’s lead product, Glatiramer Acetate (Copaxone) Depot, for treating multiple sclerosis.

Tel Aviv startup scene guide to be published (Aug 17, 2017 01:17 PM)
A new venture focuses on Tel Aviv, Israel's technology capital, offering a Lonely Planet-style guide to Israeli high tech in English.

Tel Aviv startup scene guide to be published (Aug 17, 2017 12:53 PM)
Most of the guide will be free of charge, but a fee will charged for some parts.

Prescription error elimination co MedAware raises $8m (Aug 17, 2017 07:48 AM)
The Israeli company has developed algorithm-rich solutions for the detection and elimination of prescription errors.

Prescription error elimination co MedAware raises $8m (Aug 16, 2017 06:12 PM)
The Israeli company has developed algorithm-rich solutions for the detection and elimination of prescription errors.

Robot drug dispensing co RescueDose raises $2.5m (Aug 16, 2017 05:23 PM)
The investing company is ERA Brazil Israel, owned by Eric Ben-Mayor and partners.

iOi builds digital profile from cellular data (Aug 15, 2017 07:29 PM)
Gabi Attal has founded a big data company that utilizes cellular operators and is trying to buck the Google-Facebook digital ad duopoly.

Device repair co Cellsavers rebrands as Puls raises $25m (Aug 15, 2017 06:57 PM)
The funding will enable Puls to widen its offering of rapid-response, in-home digital services beyond cellphone and tablet repair to other devices.

Device repair co Cellsavers rebrands as Puls raises $25m (Aug 15, 2017 04:49 PM)
The funding will enable Puls to widen its offering of rapid-response, in-home digital services beyond cellphone and tablet repair to other devices.

Chorus.ai wants to improve sales talk (Aug 14, 2017 06:22 PM)
The Israeli startup, which has already raised $22 million, is transcribing and analyzing the conversations of sales personnel.

Innovation Authority selects Tech Innovation Labs operators (Aug 14, 2017 03:44 PM)
The program is aimed at entrepreneurs interested in getting a proof of concept and developing their idea into a product.

Sisense gives leg-up to startups (Aug 14, 2017 11:55 AM)
Sisense is giving early-stage companies free access to its Big Data analytics products.

Investors can make or break startups (Aug 13, 2017 02:19 PM)
Sisense cofounder Aviad Harel sets out important principles that will help entrepreneurs recruit the right investors.

Marketing platform co AppCard acquires ProLogic (Aug 13, 2017 12:57 PM)
The Israeli company says its machine learning technology will combine with ProLogic's vertical expertise and strong market presence to position it as the leading loyalty provider for the grocery market.

Sisense gives leg-up to startups (Aug 13, 2017 11:35 AM)
Sisense is giving early-stage companies free access to its Big Data analytics products.

Teva's collapse could happen to Israeli economy (Aug 11, 2017 07:08 PM)
Israel is putting too many eggs in the startup basket, warns Avi Tiomkin.

WeWork buys Israeli startup Unomy (Aug 11, 2017 11:59 AM)
The Tel Aviv based company will improve WeWork's enterprise sales by enhancing data collection and providing leads to potential customers.

EMK buys stake in Luminati for nearly $200m (Aug 10, 2017 07:14 PM)
Founded by Israeli company Hola Networks, Netanya-based Luminati is an IP proxy network for businesses.

Oracle selects 5 startups for Israel cloud accelerator (Aug 10, 2017 05:51 PM)
Selected from hundreds of applicants, the five startups in the initial Tel Aviv class were chosen from a highly competitive and diverse pool of startups.

Gov't plans electric roads for Tel Aviv, Eilat (Aug 10, 2017 10:35 AM)
The roads using technology developed by ElectRoad will recharge the batteries of electric cars. There will be a special lane for electric buses.

Aristocrat buys Israeli social gaming co Plarium for $500m (Aug 10, 2017 09:19 AM)
Australian company Aristocrat said that Herzliya based Plarium is an ideal partner in its quest to be a global leader in social gaming.

Rising auto-tech star Oryx Vision not seeking quick exit (Aug 9, 2017 05:23 PM)
After raising $50 million, Oryx CEO Rani Wellingstein tells "Globes" about his company's LiDAR technology for autonomous cars.

Gett buys Israeli startup Streetsmart (Aug 9, 2017 02:03 PM)
Streetsmarts' app optimizes the use of taxi fleets.

Renault-Nissan to open Israel smart car incubator (Aug 8, 2017 05:35 PM)
Renault-Nissan won a tender held by the Innovation Authority, for an incubator to help fund the startups.

Israeli high-tech cos offer hundreds of job (Jul 30, 2017 06:07 PM)
In big data, cybersecurity, software IT, Internet of Things, AI and machine learning, auto-tech and much more, Israeli startups are hunting hard to hire qualified personnel.

50 startups founded in Negev in 2016 (Apr 3, 2017 05:38 PM)
The Beersheva high-tech park already has over 40 companies and 1,800 employees.


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