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Israel Business News Feeds

Main Headlines from Globes

Netanyahu: We are witnessing an attempted coup (Nov 22, 2019 07:54 AM)
The prime minister described the investigations that led to his indictment as contaminated and tendentious.

Netanyahu: We are witnessing an attempted coup (Nov 21, 2019 10:18 PM)
The prime minister described the investigations that led to his indictment as contaminated and tendentious.

Netanyahu to be indicted (Nov 21, 2019 09:55 PM)
Attorney General Avichai Mandelblit has announced that he will indict Israel's prime minister on charges of bribery, fraud, and breach of trust.

Thu: TASE ends week on downtick (Nov 21, 2019 09:54 PM)
The main indices fell today, with leading stock Nice Systems down and weakness in the banks.

Netanyahu: We are witnessing an attempted coup (Nov 21, 2019 09:33 PM)
The prime minister described the investigations that led to his indictment as contaminated and tendentious.

Netanyahu to be indicted (Nov 21, 2019 09:32 PM)
Attorney General Avichai Mandelblit has announced that he will indict Israel's prime minister on charges of bribery, fraud, and breach of trust.

Netanyahu: We are witnessing an attempted coup (Nov 21, 2019 09:31 PM)
The prime minister described the investigations that led to his indictment as contaminated and tendentious.

National C'ttee approves Kiryat Shehakim plan in Herzliya (Nov 21, 2019 08:57 PM)
The plan is for 1,650 housing units in seven high-rises of 22-60 storeys, business and commercial space, and a metropolitan transportation center.

Netanyahu to be indicted (Nov 21, 2019 08:49 PM)
Attorney General Avichai Mandelblit has announced that he will indict Israel's prime minister on charges of bribery, fraud, and breach of trust.

FIMI buys Kamada stake (Nov 21, 2019 08:30 PM)
FIMI bought shares from Brosh Capital Partners, Leon Recanati, and Jonathan Hahn.

Netanyahu to be indicted (Nov 21, 2019 07:41 PM)
Attorney General Avichai Mandelblit has announced that he will indict Israel's prime minister on charges of bribery, fraud, and breach of trust.

AIOps co BigPanda raises $50m; plans expansion in Israel (Nov 21, 2019 07:32 PM)
The company, whose platform enables enterprises to automate their IT operations, says it will recruit 30 more people to its Israeli R&D center.

Netanyahu to be indicted (Nov 21, 2019 06:58 PM)
Attorney General Avichai Mandelblit has announced that he will indict Israel's prime minister on charges of bribery, fraud, and breach of trust.

Netanyahu to be indicted (Nov 21, 2019 06:46 PM)
Attorney General Avichai Mandelblit has announced that he will indict Israel's prime minister on charges of bribery, fraud, and breach of trust.

WeWork starts layoffs in Israel (Nov 21, 2019 06:27 PM)
65 WeWork employees in the Midtown building in Tel Aviv received summonses to pre-layoff hearings.

Tax Authority report shows tax evasion on rents rife (Nov 21, 2019 06:19 PM)
The report also covers cases arising from the unreported accounts held by Israelis at UBS.

Randi Zuckerberg joins new fund investing in Israeli media tech (Nov 21, 2019 06:15 PM)
Sababa Ventures seeks to raise $35 million to become a bridge between Israeli innovators and the US media, entertainment, sports and commerce markets.

SonicWall leads $10m round in Perimeter 81 (Nov 21, 2019 05:40 PM)
Perimeter 81 and US company SonicWall are developing a joint security and network product.

Maytronics results keep share price on the rise (Nov 21, 2019 05:21 PM)
The pool cleaning robot company from Kibbutz Yizre'el has seen its share price rise 450% in five years.

AIOps co BigPanda raises $50m; plans expansion in Israel (Nov 21, 2019 04:32 PM)
The company, whose platform enables enterprises to automate their IT operations, says it will recruit 30 more people to its Israeli R&D center.

Tax Authority report shows tax evasion on rents rife (Nov 21, 2019 02:00 PM)
The report also covers cases arising from the unreported accounts held by Israelis at UBS.

Energean to supply gas to MRC Alon Tavor (Nov 21, 2019 01:22 PM)
The supply agreement is subject to the MRC consortium completing the purchase of the Alon Tavor power plant from Israel Electric Corporation.

Eitan Eldar bets on UK real estate recovery (Nov 21, 2019 12:40 PM)
Eldar heads EEH Ventures, which has brokered sales of thousands of London housing units.

"See through" 4D sensor company Vayyar raises $109m (Nov 21, 2019 10:03 AM)
Vayyar's technology has applications from breast cancer screening to seeing behind walls for pipes and studs.

"See through" 4D sensor company Vayyar raises $109m (Nov 21, 2019 10:02 AM)
Vayyar's technology has applications from breast cancer screening to seeing behind walls for pipes and studs.

Wed: Teva, Hapoalim, Azrieli weigh on indices (Nov 20, 2019 09:04 PM)
The main TASE indices fell today, with Bank Leumi the only advancer among the leading stocks.

Benny Gantz announces he can't form a government (Nov 20, 2019 08:50 PM)
The initiative now formally lies with the Knesset, which has 21 days in which to propose a candidate to form a government backed by 61 members.

"See through" 4D sensor company Vayyar raises $109m (Nov 20, 2019 08:07 PM)
Vayyar's technology has applications from breast cancer screening to seeing behind walls for pipes and studs.

4D sensor company Vayyar raises $109m (Nov 20, 2019 08:05 PM)
Vayyar's technology has applications from breast cancer screening to seeing behind walls for pipes and studs.

Tax Authority chief: We're NIS 2b from collection target (Nov 20, 2019 06:50 PM)
The 2019 target was NIS 317 billion, but "if we collect NIS 315 billion, it will be a great achievement."

Azrieli records another strong quarter (Nov 20, 2019 06:27 PM)
Azrieli Group's market cap has risen 50% this year to NIS 32 billion.

Strauss's fastest-growing products: Candy, snacks, coffee (Nov 20, 2019 05:27 PM)
Strauss Group's profit rose 6.5% to NIS 153 million in the third quarter.

Strauss's fastest-growing products: Candy, snacks, coffee (Nov 20, 2019 05:25 PM)
Strauss Group's profit rose 6.5% to NIS 153 million in the third quarter.

Fintech co Capitolis raises $40m (Nov 20, 2019 05:19 PM)
Capitolis's technology enables banks to cooperate to optimize their use of capital.

Teva's Schultz: Debt offeringd shows investors' confidence (Nov 20, 2019 03:13 PM)
High demand led Teva to expand its senior notes offering from a planned $1.5 billion to $2.1 billion.

Gazit Globe, Dori Segal form Canadian real estate partnership (Nov 20, 2019 03:10 PM)
The partnership plans to invest one billion Canadian dollars in mixed-use properties in densely populated areas of Canada.

Cyber intelligence co IntSights raises $30m (Nov 20, 2019 02:10 PM)
The financing round, led by Qumra Capital, brings the capital raised by IntSights to $70 million.

YH Dimri, Yahalomit Peretz acquire prime Tel Aviv site (Nov 20, 2019 01:33 PM)
The price for the 16-dunam site in south Tel Aviv, appraised at NIS 200 million, was NIS 355 million.

Cyber intelligence co IntSights raises $30m (Nov 20, 2019 01:26 PM)
The financing round, led by Qumra Capital, brings the capital raised by IntSights to $70 million.

IDF hits Iranian targets in Syria (Nov 20, 2019 09:51 AM)
The operation followed the firing of four rockets at the Golan Heights by Iranian forces based in Syria.

IDF hits Iranian targets in Syria (Nov 20, 2019 09:12 AM)
The operation followed the firing of four rockets at the Golan Heights by Iranian forces based in Syria.

Bank Hapoalim Q3 profit down 22.5% (Nov 20, 2019 08:45 AM)
The decline was partly caused by a NIS 63 million write-down of the fair value of Turkish subsidiary Bank Pozitif.

XIO sells Lumenis at over $1b valuation (Nov 19, 2019 10:31 PM)
Baring Private Equity Asia is acquiring the company, which XIO bought in 2015 at a valuation of $520 million.

Tue: Teva resumes surge (Nov 19, 2019 10:22 PM)
The main indices rose today, although Teva was the only advancer among the leading stocks. Gazit Globe rose strongly on raised guidance, while Cellcom and Partner fell back.

XIO sells Lumenis at over $1b valuation (Nov 19, 2019 09:58 PM)
Baring Private Equity Asia is acquiring the company, which XIO bought in 2015 at a valuation of $520 million.

Israeli fintech co BlueVine raises $102m (Nov 19, 2019 05:42 PM)
Israeli growth fund ION Crossover Partners, a new investor in BlueVine, led the round.

Gantz and Netanyahu to meet (Nov 19, 2019 05:11 PM)
As the deadline for Benny Gantz to form a coalition draws near, Yisrael Beitenu leader Avigdor Liberman continues to push for a unity government.

Rents in Israel rise but still lag home prices (Nov 19, 2019 04:33 PM)
The average monthly rent in Israel rose 1.6% in the past year to a record NIS 4,000.

Diamond Exchange site makeover to triple density (Nov 19, 2019 03:49 PM)
Ramat Gan Mayor Carmel Shama Hacohen wants to create "the most prestigious and advanced business district in Israel."

Stop relying on natural gas, scientists tell energy minister (Nov 19, 2019 01:41 PM)
"The government is opting for a solution that will cause economic and environmental damage to Israel in the long term."

Stop relying on natural gas, scientists tell energy minister (Nov 19, 2019 01:16 PM)
"The government is opting for a solution that will cause economic and environmental damage to Israel in the long term."

Teddy Sagi's Kape buying US digital privacy co LTMI (Nov 19, 2019 12:25 PM)
LTMI owns Private Internet Access, which provides VPN services to over one million customers.

US warns on travel to Jerusalem after settlements reversal (Nov 19, 2019 11:43 AM)
Following the statement by US Secretary of State Mike Pompeo that the administration does not consider Israeli settlement activity in the West Bank illegal, the US Embassy in Israel has called on US citizens to be vigilant.

US warns on travel to Jerusalem after settlements reversal (Nov 19, 2019 11:23 AM)
Following the statement by US Secretary of State Mike Pompeo that the administration does not consider Israeli settlement activity in the West Bank illegal, the US Embassy in Israel has called on US citizens to be vigilant.

Supermarket chain Yochananof makes successful IPO (Nov 19, 2019 10:33 AM)
Amid high demand, Yochananof raised NIS 460 million in the institutional stage of its offering at a valuation of NIS 1.85 billion.

Gett announces Juno closure, cooperation with Lyft (Nov 18, 2019 08:23 PM)
Gett acquired US shared travel service Juno in 2017 for $200 million.

Bezeq Q3 profit dips 18% (Nov 18, 2019 08:20 PM)
Bezeq chairperson Shlomo Rodav: We are already seeing initial results of our streamlining process.

Rafael inks €200m German missile deal (Nov 18, 2019 08:19 PM)
The deal by Eurospike, Rafael's European subsidiary, involves the sale of thousands of Spike missiles and hundreds of adapted ICLU launchers.

Gett announces Juno closure, cooperation with Lyft (Nov 18, 2019 07:25 PM)
Gett acquired US shared travel service Juno in 2017 for $200 million.

Smotrich orders six-week closure of Tel Aviv rail track (Nov 18, 2019 07:17 PM)
Minister of Transport Bezalel Smotrich: If we work only at night, it will take eighteen months to finish the railway electrification project.

Mon: Cellcom, Partner surge (Nov 18, 2019 07:00 PM)
The main indices fell today, but investors apparently expect great things in Cellcom and Partner's quarterly financials, while Protalix soared after reporting a positive meeting with the FDA.

IDB Development completes NIS 236m bond offering (Nov 18, 2019 06:16 PM)
The bonds will be secured by a senior lien on 10.4% of the shares in Clal Insurance.

IDB completes NIS 236m bond offering (Nov 18, 2019 06:16 PM)
The bonds will be secured by a senior lien on 10.4% of the shares in Clal Insurance.

UK prepared food chain Pret a Manger eyes Israel (Nov 18, 2019 06:00 PM)
Pret a Manger is in talks with Israel's largest restaurant group Café Café, which seeks to open 70 branches in Israel.

Israeli video analytics co Viisights raises $10m (Nov 18, 2019 05:02 PM)
The company's AI-based security system recognizes behavior patterns that precede violence and other safety hazards.

Mizrahi Tefahot dividend NIS 169m as profit falls (Nov 18, 2019 04:57 PM)
The bank's profit still rose 40% to NIS 1.4 billion in January-September 2019.

Israeli video analytics co Viisights raises $10m (Nov 18, 2019 04:46 PM)
The company's AI-based security system recognizes behavior patterns that precede violence and other safety hazards.

Innovation Authority, Securities Authority team to aid fintech cos (Nov 18, 2019 03:50 PM)
In a NIS 6 million scheme, Israeli fintech companies will have access to the Israeli Security Authority's databases and Tel Aviv Stock Exchange trading data.

Rafael inks €200m German missile deal (Nov 18, 2019 02:40 PM)
The deal by Eurospike, Rafael's European subsidiary, involves the sale of thousands of Spike missiles and hundreds of adapted ICLU launchers.

New ploy to patch budget deficit: Tax emigrants (Nov 18, 2019 01:08 PM)
An Israel Tax Authority committee is considering ways of closing tax loopholes for people leaving Israel.

InterCure starts study of medical cannabis for autistic children (Nov 18, 2019 12:42 PM)
InterCure unit Canndoc is financing a study at Shamir Medical Center in Israel that will be the most comprehensive of its kind.

Bezeq Q3 profit dips 18% (Nov 18, 2019 11:28 AM)
Bezeq chairperson Shlomo Rodav: We are already seeing initial results of our streamlining process.

Microsoft probing Israeli facial recognition co AnyVision - report (Nov 17, 2019 08:03 PM)
Reuters reports that Microsoft is examining whether use of AnyVision's technology in the West Bank breaches its ethical principles. Microsoft is invested in AnyVision through M12.

IDB Development sells further 7.8% of Clal Insurance (Nov 17, 2019 08:02 PM)
The sale was for a combination of cash and IDB Development series 9 and 14 bonds.

Sun: Teva, Fox, Electra stand out as TASE rises (Nov 17, 2019 07:56 PM)
The Tel Aviv Stock Exchange made a positive start to the week, helped by vastly improved results for Fox and Electra Consumer Products, and good news from Oklahoma for Teva.

Israel's Q3 growth surprisingly high (Nov 17, 2019 07:25 PM)
The Central Bureau of Statistics estimates third quarter growth at an annualized 4.1%, making an interest rate cut at the end of the month less likely.

Max launches new card with points convertible to flights (Nov 17, 2019 07:01 PM)
Tickets from all airlines, including low-cost airlines, can be booked on a dedicated website.

Accelmed seeks $400m for new medical devices fund (Nov 17, 2019 06:57 PM)
Accelmed's fourth fund will work according to its established model of grafting new technologies onto stagnating companies, but will also invest in growth companies.

CyberArk raises $500m in convertible note offering (Nov 17, 2019 06:06 PM)
The zero interest notes are convertible to shares in cybersecurity solutions company CyberArk at 37.5% above the current market price.

Max launches new card with points convertible to flights (Nov 17, 2019 05:35 PM)
Tickets from all airlines, including low-cost airlines, can be booked on a dedicated website.

Matomy reports selling Team Internet for €46m (Nov 17, 2019 05:19 PM)
The sale will enable Matomy to repay its bond debt.

Israel's Q3 growth surprisingly high (Nov 17, 2019 03:41 PM)
The Central Bureau of Statistics estimates third quarter growth at an annualized 4.1%, making an interest rate cut at the end of the month less likely.

Oklahama judgment boosts Teva (Nov 17, 2019 03:27 PM)
The court reduced the fine imposed on Johnson & Johnson in the opioids case.

Rebranding still weighs on credit card co Max (Nov 17, 2019 12:37 PM)
Regulatory changes and the name change from Leumi Card to Max are still having a negative impact on the credit card company's results.

Rebranding costs depress credit card co Max's profit (Nov 17, 2019 12:29 PM)
Regulatory changes and the name change from Leumi Card to Max are still having a negative impact on the credit card company's results.

IDB Development sells further 7.8% of Clal Insurance (Nov 17, 2019 12:22 PM)
The sale was for a combination of cash and IDB Development series 9 and 14 bonds.

Microsoft probing Israeli facial recognition co AnyVision - report (Nov 17, 2019 09:57 AM)
Reuters reports that Microsoft is examining whether use of AnyVision's technology in the West Bank breaches its ethical principles. Microsoft is invested in AnyVision through M12.

CPI rose 0.4% in Oct, home prices rise again (Nov 15, 2019 03:15 PM)
Israel's Consumer Price Index has risen by 0.4% over the past year, while housing prices have risen 1.9%.

Israeli Startup Companies and Venture Capital from Globes

AIOps co BigPanda raises $50m; plans expansion in Israel (Nov 21, 2019 07:32 PM)
The company, whose platform enables enterprises to automate their IT operations, says it will recruit 30 more people to its Israeli R&D center.

Randi Zuckerberg joins new fund investing in Israeli media tech (Nov 21, 2019 06:15 PM)
Sababa Ventures seeks to raise $35 million to become a bridge between Israeli innovators and the US media, entertainment, sports and commerce markets.

SonicWall leads $10m round in Perimeter 81 (Nov 21, 2019 05:40 PM)
Perimeter 81 and US company SonicWall are developing a joint security and network product.

AIOps co BigPanda raises $50m; plans expansion in Israel (Nov 21, 2019 04:32 PM)
The company, whose platform enables enterprises to automate their IT operations, says it will recruit 30 more people to its Israeli R&D center.

"See through" 4D sensor company Vayyar raises $109m (Nov 21, 2019 10:03 AM)
Vayyar's technology has applications from breast cancer screening to seeing behind walls for pipes and studs.

Israel's national AI plan unveiled (Nov 20, 2019 09:06 PM)
Prof. Isaac Ben-Israel and Prof. Eviatar Matania head an effort to make Israel an AI power by replicating the success of government investment in cybersecurity.

"See through" 4D sensor company Vayyar raises $109m (Nov 20, 2019 08:07 PM)
Vayyar's technology has applications from breast cancer screening to seeing behind walls for pipes and studs.

Fintech co Capitolis raises $40m (Nov 20, 2019 05:19 PM)
Capitolis's technology enables banks to cooperate to optimize their use of capital.

Cyber intelligence co IntSights raises $30m (Nov 20, 2019 02:10 PM)
The financing round, led by Qumra Capital, brings the capital raised by IntSights to $70 million.

Israeli fintech co BlueVine raises $102m (Nov 19, 2019 05:42 PM)
Israeli growth fund ION Crossover Partners, a new investor in BlueVine, led the round.

Israeli tech keeps retail giants in the game (Nov 19, 2019 12:35 PM)
Deloitte: Retailers worldwide invested $6.2 billion in installing Israeli technology in 2018.

The Israeli startups saving the retail giants' profits (Nov 18, 2019 08:14 PM)
Deloitte: Retailers worldwide invested $6.2 billion in installing Israeli technology in 2018.

Israeli video analytics co Viisights raises $10m (Nov 18, 2019 05:02 PM)
The company's AI-based security system recognizes behavior patterns that precede violence and other safety hazards.

Accelmed seeks $400m for new medical devices fund (Nov 17, 2019 06:57 PM)
Accelmed's fourth fund will work according to its established model of grafting new technologies onto stagnating companies, but will also invest in growth companies.

Travel-tech co Refundit raises $10m (Nov 14, 2019 07:28 PM)
Refundit enables travelers to claim VAT refunds via an app instead of queuing at airports.

Israeli sports analytics co Track160 raises $5m (Nov 14, 2019 03:33 PM)
Track160 has developed a fully automated tracking solution for soccer teams.

Israeli cybersecurity co Pcysys raises $10m (Nov 13, 2019 04:10 PM)
The cybersecurity risk validation company has developed a platform for automated penetration testing.

Digital health co Diagnostic Robotics raises $24m (Nov 13, 2019 02:15 PM)
The Israeli company deals with load management at hospitals and aims to shorten waiting times.

Israeli co ProteKt Therapeutics raises $3.6m (Nov 13, 2019 01:34 PM)
The Ness Ziona-based company is developing new PKR kinase inhibitor-based therapies for neurodegenerative diseases including Alzheimer’s disease.

Lossmaking Lemonade postpones IPO - report (Nov 13, 2019 01:13 PM)
Like other Softbank portfolio companies WeWork and Uber, Israeli insurtech startup Lemonade has high revenue, but it is still losing money.

AI vision co Eyesight wins $15m US vehicle OEM deal (Nov 13, 2019 10:22 AM)
The Israeli company's DriverSense system will be integrated into two new car models with the start of production scheduled for 2021.

Angular Ventures closes $41m Israel, Europe seed fund (Nov 12, 2019 03:43 PM)
The fund was founded in May 2018 and has already invested in 12 startups in Israel and Europe.

Israel dermal filler co Hallura raises $7m (Nov 11, 2019 07:23 PM)
The Yokneam-based company has developed a novel crosslinking technology answering the growing demand for natural and soft non-invasive aesthetic treatments.

Preciate applies facial ID to revolutionize retailing (Oct 27, 2019 06:40 PM)
The Israeli startup enables store assistants to know customers preferences from their online purchases.

French boost for Israeli cybersecurity startups (Oct 24, 2019 04:19 PM)
Philippe Bouaziz's 365x is a startup accelerator with a French touch.

Former Canadian PM promotes Israel investments (Oct 3, 2019 06:51 PM)
Stephen Harper is president of the Awz venture capital fund advisory committee. The fund specializes in investments in Israeli security and intelligence startups.

"It's easier to sell a startup than form a coalition" (Sep 18, 2019 07:57 PM)
Guy Rinat, who founded and sold Demisto to Palo Alto Networks for $560 million told the EY Israel "Globes" Journey Conference what makes a successful exit.

Tech transfer is about more than revenue (Sep 5, 2019 04:40 PM)
The commercialization companies of Israel's universities take the Central Bureau of Statistics to task for measuring their success in terms of money.

Building a security concept for Volkswagen cars (Sep 4, 2019 10:52 AM)
Former top Israeli security operative Tamir Bechor talks about car cybersecurity company Cymotive, which he founded with two other former security service colleagues.

Auto-tech startups adjust to delays in autonomous cars (Aug 29, 2019 10:02 AM)
Despite the slower progress towards self-driving cars, Hailo and Cortica are Israel's frontrunners for a major exit or IPO, or to become unicorns.

The super yeasts producing protein and fuel (Aug 20, 2019 10:57 AM)
Israeli company NextFerm has unique technology for turning natural yeasts into industrial power players.

Zohar Zisapel moving from auto-tech to AI investments (Aug 18, 2019 04:12 PM)
40 years after founding RAD with his brother, Zisapel is still putting his heart into technology investments.

Germans flock to Israel seeking technology (Aug 14, 2019 11:34 AM)
According to IVC, deals with German involvment accounted for 30% of the number of European deals in the Israeli ecosystem in the first half of 2019.


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