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Israel Business News Feeds

Main Headlines from Globes

Tower reports record year but tepid guidance (Feb 22, 2018 03:45 PM)
The company's revenue rose 5.1% to $358 million in the first quarter.

Cellcom defies Netflix on refund offer (Feb 22, 2018 03:17 PM)
Cellcom is offering a NIS 30 credit for purchasing Netflix's content services even though Netflix says only Partner can market its services.

Cellcom defies Netflix on refund offer (Feb 22, 2018 03:09 PM)
Cellcom is offering a NIS 30 credit for purchasing Netflix's content services even though Netflix says only Partner can market its services.

Tower reports record year but tepid guidance (Feb 22, 2018 03:07 PM)
The company's revenue rose 5.1% to $358 million in the first quarter.

Cellcom defies Netflix on refund offer (Feb 22, 2018 02:46 PM)
Cellcom is offering a NIS 30 credit for purchasing Netflix's content services. Netflix says only Partner can market its services.

Israel Chemicals signs Tamar, Leviathan gas deals (Feb 22, 2018 02:04 PM)
The agreement is a backup in case Energean does not supply gas on the agreed timetable.

Cellcom forced to withdraw Netflix refund offer (Feb 22, 2018 01:05 PM)
Netflix has embarrassed Cellcom by insisting that only Partner is entitled to market Netflix in Israel.

IVC: China minor player in Israeli high-tech (Feb 22, 2018 12:45 PM)
IVC data found that China makes limited investments in Israel, and mainly for strategic purposes.

Shekel gains continue (Feb 22, 2018 10:57 AM)
Even the growing political uncertainty, as the prime minister is beset by police investigations, is not curbing investor appetite for the Israeli currency.

Mellanox jumps on raised guidance (Feb 22, 2018 10:04 AM)
Mellanox now sees revenue of $240-250 million in the first quarter, up from its previous estimate of $222-232 million.

India places IAI, Rafael on restricted procurements list (Feb 22, 2018 08:29 AM)
"Defense News" reports these companies can sign deals supporting operational urgency, national security or lack of alternatives leaving Rafael's missile deal unclear.

Japan's NTT invests $3m in personal car data co Otonomo (Feb 22, 2018 07:42 AM)
The Israeli company has developed a connected car system to share vehicle data and sell it to insurance companies, retailers and more.

TV to smartphone audio co Tunity raises $12m (Feb 22, 2018 07:03 AM)
The Israeli company has developed an app that streams live audio from muted TVs to the users' smartphone.

Tamar Petroleum raising NIS 2.2b more on TASE (Feb 22, 2018 06:31 AM)
Midroog gave the company's Series B bonds the same rating as its Series A bonds - A1.

Israel lags world on electric vehicles - report (Feb 21, 2018 07:14 PM)
A Knesset study found that Israel's adoption of electric vehicles is very slow.

Wed: Melisron leads late TASE rally (Feb 21, 2018 06:53 PM)
Melisron, Azrieli and Israel Chemicals led the market higher but Teva continued to fall.

Cyprus set to sign Egypt gas export deal - report (Feb 21, 2018 05:58 PM)
Cyprus is close to signing a an agreement to export gas from the Aphrodite gas reservoir, partly owned by Delek, to Egypt, "Bloomberg" reports.

Bank Leumi values Leumi Card at NIS 2b (Feb 21, 2018 04:48 PM)
Bank Leumi is gearing up to sell Leumi Card following relative clarifications of the regulatory conditions

Egyptian president: $15b Israel gas deal is "scoring a goal" (Feb 21, 2018 04:43 PM)
President Abdel-Fatah el-Sissi said that the deal promotes the vision of transforming Egypt into a regional energy hub.

Israeli urban mobility co Moovit raises $50m (Feb 21, 2018 02:59 PM)
Intel Capital led the financing round and Prof. Amnon Shashua will join the board as the Tel Aviv based company teams with Mobileye.

Teva's troubles reflected in high bond yields (Feb 21, 2018 02:45 PM)
Leader Capital Market: There is great uncertainty about Teva's future growth potential.

Jerusalem - Tel Aviv railway opening delayed six months (Feb 21, 2018 01:59 PM)
The line had been scheduled to open March 30 but Israel Railways says it will not receive the required regulatory approvals in time.

Intel execs present $5b Israel investment plan (Feb 21, 2018 12:07 PM)
Minister of Economy and Industry Eli Cohen was presented a plan to expand the Kiryat Gat plant between 2018 and 2020.

Jerusalem - Tel Aviv railway opening delayed six months (Feb 21, 2018 11:40 AM)
The line had been scheduled to open March 30 but Israel Railways says it will not receive the required regulatory approvals on time.

Jerusalem - Tel Aviv railway opening delayed six months (Feb 21, 2018 11:23 AM)
The line had been scheduled to open March 30 but Israel Railways says it will not receive the required regulatory approvals on time.

Jerusalem - Tel Aviv railway opening delayed six months (Feb 21, 2018 11:10 AM)
The line had been scheduled to open March 30 but Israel Railways says it will not receive the required regulatory approvals on time.

Arison cancels deal to sell half her Hapoalim stake (Feb 21, 2018 10:58 AM)
Arison had signed a non-binding agreement in September to sell half of its 20% stake to three North American investors.

Shlomo Filber signs state's witness agreement (Feb 21, 2018 08:25 AM)
The Ministry of Communications director general is a close confidant of Benjamin Netanyahu and his testimony could incriminate the prime minister in the Bezeq affair.

Israel to issue 20,000 more work permits to Palestinians (Feb 21, 2018 07:12 AM)
The number of permits for Palestinian workers has now been raised to 100,000.

Shlomo Filber signs state's witness agreement (Feb 21, 2018 07:07 AM)
The Ministry of Communications director general is a close confidant of Benjamin Netanyahu and his testimony could incriminate the prime minister in the Bezeq affair.

Tue: Energy stocks drag market down on profit taking (Feb 20, 2018 06:41 PM)
Delek and Isramco led the declines after yesterday's massive gains, Mazor and the Phoenix led the rises.

Vaica reminds patients to take medicine (Feb 20, 2018 06:23 PM)
The Israeli company adapts its reminders to the patient's age and the type of medicine.

Netanyahu aide allegedly tried to bribe judge (Feb 20, 2018 05:17 PM)
Nir Hefetz is suspected of offering to make Hila Gerstl attorney general in exchange for dropping the case against Sara Netanyahu.

Gazit-Globe buys lot for Tel Aviv shopping center (Feb 20, 2018 04:14 PM)
The Israeli company has paid NIS 105 million for the lot in the Kochav Hatzafon neighborhood in north Tel Aviv.

Merck sets up €20m fund for Israeli biotech cos (Feb 20, 2018 02:54 PM)
The German pharmaceutical company is cooperating with Arkin Bio Ventures, Pontifax Fund, and WuXi Apptec.

Vaica reminds patients to take medicine (Feb 20, 2018 01:57 PM)
The Israeli company adapts its reminders to the patient's age and the type of medicine.

Mobileye founders co OrCam valued at over $1b (Feb 20, 2018 01:09 PM)
OrCam, which has developed a wearable aid for people with impaired vision, raised $30.4 million in a round led by Clal Insurance and Meitav Dash Provident Funds and Pension Ltd.

Shekel bounces back strongly (Feb 20, 2018 12:31 PM)
Prico: Three attempts by the Bank of Israel to push the exchange rate into the NIS 3.55-3.65/$ zone have failed.

Shikun & Binui execs suspected of bribery in Africa (Feb 20, 2018 11:52 AM)
Four officers of the Israeli construction and infrastructures company were detained for questioning under caution on suspicion of bribing a public servant.

Israeli vision aid co OrCam valued at over $1b (Feb 20, 2018 11:22 AM)
OrCam, which has developed a wearable aid for people with impaired vision, raised $30.4 million in a round led by Clal Insurance and Meitav Dash Provident Funds and Pension Ltd.

Israeli vision aid co OrCam valued at over $1b (Feb 20, 2018 11:20 AM)
OrCam, which has developed a wearable aid for people with impaired vision, raised $30.4 million in a round led by Clal Insurance and Meitav Dash Provident Funds and Pension Ltd.

Shaul and Iris Elovitch, Netanyahu aide, among Case 4000 suspects (Feb 20, 2018 09:51 AM)
"The evidence in the new affair of Walla! and the Ministry of Communications is very strong," a source close to the investigation told "Globes".

Energean CEO: We're not greedy (Feb 20, 2018 08:59 AM)
Mathios Rigas tells "Globes" that low expenses allow the Karish and Tanin operator to sell gas at $4 per Btu, while IEC pays $6 for Tamar gas.

Energean CEO: We're not greedy (Feb 19, 2018 09:57 PM)
Mathios Rigas tells "Globes" that low expenses allow the Karish and Tanin operator to sell gas at $4 per thermal unit compared with the $6 Israel Electric pays for Tamar gas.

Azorim to build 1,500 Tel Aviv homes (Feb 19, 2018 07:30 PM)
The owners of the land in Kfar Shalem, currently occupied by squatters, will be partners in the combination deal.

Mon: Energy stocks push TASE higher (Feb 19, 2018 07:27 PM)
Delek and Isramco soared after signing an Egyptian export deal but Teva fell again.

Colonoscopy device co Motus GI raises $17.5m on Nasdaq (Feb 19, 2018 05:42 PM)
Tirat Hacarmel based Motus GI has developed Pure-Vu for cleaning the colon in advance of a colonoscopy.

Israeli household debt low by developed world standards (Feb 19, 2018 05:39 PM)
Israelis have used their higher wages to pay for the increase in private consumption.

Delek, Noble sign $15b gas deal with Egyptian co (Feb 19, 2018 05:37 PM)
The energy companies have signed binding agreements to provide 64 BCM of gas to Egypt's Dolphinus Holdings.

Colonoscopy prep device co Motus GI raises $17.5m on Nasdaq (Feb 19, 2018 05:10 PM)
Tirat Hacarmel based Motus GI has developed Pure-Vu for cleaning the colon in advance of a colonoscopy.

Experts: Jerusalem-Tel Aviv railway not safe to operate (Feb 19, 2018 04:23 PM)
Engineers and safety experts have told "Globes" that if the trains start operating next month, there is liable to be a disaster.

Cybersecurity co Morphisec raises $12m (Feb 19, 2018 03:43 PM)
Beersheva-based Morphisec specializes in Moving Target Defense.

Delek, Noble sign $15b Egyptian gas deal (Feb 19, 2018 02:56 PM)
The energy companies have signed binding agreements to provide 64 BCM of gas to Egypt's Dolphinus Holdings.

Energean plans $500m London IPO for Israel gas fields (Feb 19, 2018 02:54 PM)
Energean is also considering dual listing on the Tel Aviv Stock Exchange.

Delek, Noble sign $15b Egyptian gas deal (Feb 19, 2018 02:35 PM)
The energy companies have signed a binding agreement to provide 64 BCM of gas to Egypt's Dolphinus Holdings.

Cybersecurity co Morphisec raises $12m (Feb 19, 2018 02:00 PM)
Beersheva-based Morphisec specializes in Moving Target Defense.

Saidoff last man standing in Eurocom battle (Feb 19, 2018 01:29 PM)
Nevertheless, other parties may step in to bid for Bezeq's ultimate parent before the deadline.

Saidoff last man standing in Eurocom battle (Feb 19, 2018 01:28 PM)
Nevertheless, other parties may step in to bid for Bezeq's ultimate parent before the deadline.

Arrow 3 missile scores space test success (Feb 19, 2018 11:52 AM)
An advanced version of the Israeli interceptor missile hit a simulated target outside the atmosphere.

Arrow 3 missile scores space test success (Feb 19, 2018 11:40 AM)
An advanced version of the Israeli interceptor missile hit a simulated target outside the atmosphere.

Court extends remand of Bezeq execs (Feb 19, 2018 10:46 AM)
Prime Minister Benjamin Netanyahu: This case too is a media balloon that will burst.

Court extends remand of Bezeq execs (Feb 19, 2018 10:32 AM)
Prime Minister Benjamin Netanyahu: This case too is a media balloon that will burst.

IKEA Beersheva branch begins operations (Feb 19, 2018 07:08 AM)
IKEA's fourth branch in Israel opens to the public next week. IKEA expects 800,000 people to visit the store and buy over three million items in 2018.

Experts: Jerusalem-Tel Aviv railway not safe to operate (Feb 18, 2018 07:05 PM)
Engineers and safety experts have told "Globes" that if the trains start operating next month, there is liable to be a disaster.

Sun: Teva fall fails to depress TASE (Feb 18, 2018 06:31 PM)
Teva and Bezeq declined today but NICE Systems, Frutarom and Perrigo led the market higher.

Intel to invest $4.5b in Israel in 2018 (Feb 18, 2018 06:02 PM)
Sources inform "Globes" that Intel will receive 20%-30% of the investment in Israeli government grants.

Golf online fashion unit Adika plans TASE IPO (Feb 18, 2018 05:43 PM)
Golf acquired Adika in January 2015 in an estimated NIS 40 million deal.

Apartments sold and rented (Feb 18, 2018 04:45 PM)
A selection of recent real estate deals in Israel including in Herzliya, Ramat Gan, Givatayim, Kfar Saba, Ness Ziona and Netanya.

IKEA Beersheva branch begins operations today (Feb 18, 2018 04:10 PM)
IKEA's fourth branch in Israel opens to the public next week. IKEA expects 800,000 people to visit the store and buy over three million items in 2018.

IAI, General Atomics competing for €230m UAV tender (Feb 18, 2018 03:47 PM)
IAI won a German UAV tender against General Atomics, but the deal has been delayed by political pressure.

Neurovascular device co Perflow Medical raises $12m (Feb 18, 2018 03:39 PM)
Stream Net is a thrombectomy device designed to address unmet clinical needs in the treatment of acute ischemic stroke.

Nano Dimension raises $12m (Feb 18, 2018 02:46 PM)
The company's share price plummeted 30% on Nasdaq and 17% on the TASE.

Sagi selling Brack stake for NIS 1.4b (Feb 18, 2018 01:11 PM)
Adler Real State is aiming at a 70% controlling interest in Brack Capital Properties, while Teddy Sagi will make NIS 300 million in his investment from last May.

Egyptian court rules gas cos must pay EMG $1.033b (Feb 18, 2018 12:34 PM)
EMG co-owner Josef Maiman filed the lawsuit as a Polish citizen.

IAI, General Atomics competing for €230m UAV tender (Feb 18, 2018 12:31 PM)
IAI won a German UAV tender against General Atomics, but the deal has been delayed by political pressure.

Egyptian gas cos to pay EMG $1.033b compensation (Feb 18, 2018 12:22 PM)
EMG co-owner Josef Maiman filed the lawsuit as a Polish citizen.

Police, ISA arrest senior Bezeq execs (Feb 18, 2018 11:33 AM)
The lawyer for suspended Communications Ministry director general Shlomo Filber has confirmed that he is also among those detained today.

"Plan exists for $4-5b Intel investment in Israel" (Feb 18, 2018 11:30 AM)
The investment target is probably an upgrade of the Intel Kiryat Gat fab to 7-nanometer technology.

Police, ISA arrest senior Bezeq managers (Feb 18, 2018 10:12 AM)
The lawyer for suspended Communications Ministry director general Shlomo Filber has confirmed that he is also among those detained today.

Cramer shocked by Buffett's investment in "second-rate" Teva (Feb 16, 2018 03:56 PM)
Financial pundit Jim Cramer told CNBC that "It is amazing that Warren Buffett goes for what I largely regard as the worst of the worst."

Cramer shocked by Buffett's investment in "second-rate" Teva (Feb 16, 2018 03:51 PM)
Financial pundit Jim Cramer told CNBC that "It is amazing that Warren Buffett goes for what I largely regard as the worst of the worst."

Kahlon: Intel will shortly invest billions in Israel (Feb 16, 2018 12:34 PM)
Intel says no large project is currently planned. Minister of Finance Moshe Kahlon was speaking at the Ecosystem Haifa conference.

CPI down 0.5% in January (Feb 15, 2018 08:05 PM)
The fall is steeper than analysts expected. The new homes price index fell 1.4%.

NICE Systems posts 14% EPS growth for 2017 (Feb 15, 2018 07:11 PM)
CEO Barak Eilam: Our addressable market has increased five-fold.

Thu: Teva pulls TA 35 up single handed (Feb 15, 2018 06:21 PM)
Only two of the top five stocks rose today, but Teva's giant leap was enough to make it a positive end to a positive week.

Japan's Miniso to open first Israeli store in Tel Aviv (Feb 15, 2018 05:14 PM)
50% of the design and accessory chain's products will be sold at prices of up to NIS 20.

Gastro-intestinal endoscopy co SMART raises $8m (Feb 15, 2018 04:26 PM)
The Israeli company's G-EYE is a novel add-on balloon device that works with standard endoscopes to assist visualization of the colon.

Israeli Startup Companies and Venture Capital from Globes

Japan's NTT invests $3m in personal car data co Otonomo (Feb 22, 2018 07:42 AM)
The Israeli company has developed a connected car system to share vehicle data and sell it to insurance companies, retailers and more.

TV to smartphone audio co Tunity raises $12m (Feb 22, 2018 07:03 AM)
The Israeli company has developed an app that streams live audio from muted TVs to the users' smartphone.

Israeli urban mobility co Moovit raises $50m (Feb 21, 2018 02:59 PM)
Intel Capital led the financing round and Prof. Amnon Shashua will join the board as the Tel Aviv based company teams with Mobileye.

Vaica reminds patients to take medicine (Feb 20, 2018 06:23 PM)
The Israeli company adapts its reminders to the patient's age and the type of medicine.

Merck sets up €20m fund for Israeli biotech cos (Feb 20, 2018 02:54 PM)
The German pharmaceutical company is cooperating with Arkin Bio Ventures, Pontifax Fund, and WuXi Apptec.

Mobileye founders co OrCam valued at over $1b (Feb 20, 2018 01:09 PM)
OrCam, which has developed a wearable aid for people with impaired vision, raised $30.4 million in a round led by Clal Insurance and Meitav Dash Provident Funds and Pension Ltd.

Cybersecurity co Morphisec raises $12m (Feb 19, 2018 03:43 PM)
Beersheva-based Morphisec specializes in Moving Target Defense.

Neurovascular device co Perflow Medical raises $12m (Feb 18, 2018 03:39 PM)
Stream Net is a thrombectomy device designed to address unmet clinical needs in the treatment of acute ischemic stroke.

"New York is starting to be preferable to Silicon Valley" (Feb 16, 2018 02:53 PM)
For the Israeli companies that participated in Oracle's startup accelerator, direct flights and time zone are just two reasons to open up in New York.

"New York is starting to be preferable to Silicon Valley" (Feb 15, 2018 08:44 PM)
For the Israeli companies that participated in Oracle's startup accelerator, direct flights and time zone are just two reasons to open up in New York. 

Gastro-intestinal endoscopy co SMART raises $8m (Feb 15, 2018 04:26 PM)
The Israeli company's G-EYE is a novel add-on balloon device that works with standard endoscopes to assist visualization of the colon.

Sisense expanding workforce by 150 (Feb 15, 2018 04:12 PM)
The Israeli business intelligence company, based in Ramat Gan, has raised $94 million to date.

Israel AI co CommonSense Robotics raises $20m (Feb 15, 2018 02:40 PM)
The company uses AI and robotics tech to help online grocery retailers speed up sorting and processing inventory, taking orders, and delivering them.

Israeli cannabis analysis co GemmaCert raises $2.25m (Feb 14, 2018 09:53 AM)
GemmaCert allows any person to analyze and obtain accurate results on potency and quality in about 30 seconds.

Israeli B2B fintech co Tipalti raises $30m (Feb 13, 2018 03:17 PM)
Tipalti’s cloud-based payables automation platform helps CFOs scale payable operations for rapid and global growth.

Cybersecurity co Perception Point raises $8m (Feb 13, 2018 01:37 PM)
The Israeli company already offers an advanced email protection solution, and will use the funds to expand its global presence and product portfolio.

"Arabs employed at Microsoft Israel rose tenfold" (Feb 11, 2018 05:38 PM)
Outgoing Microsoft Israel R&D head Yoram Yaacovi: Why quarrel about bits of land when we have amazing human capital on both the Israeli and the Arab Palestinian side.

Using gaming to prevent workplace deaths (Feb 11, 2018 02:13 PM)
Go-Arc's work safety system is based on stimulation and incentives.

Former Teva exec sets up Galilee incubator (Feb 7, 2018 06:40 AM)
Freddy Zinger does not rule out buying Teva Migada in Kiryat Shmona, the company he founded.

Ami Appelbaum: Innovation must be linked to growth (Jan 28, 2018 05:40 PM)
The Israel Innovation Authority's new chairperson Ami Appelbaum sets out his vision for the Startup Nation. 

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."

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.

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.

"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.

Israel's auto-tech industry attracts NIS 65b in 2017 (Nov 28, 2017 05:42 PM)
Israel's auto-tech industry is buzzing as Mobileye is installed in Chinese buses, startups close large financing rounds and carmakers open offices in Israel.

How Argus drove to the exit (Nov 16, 2017 08:45 PM)
Argus's CEO and CMO talk about their competitive advantage and how they might expand from car cybersecurity.


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