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Israel Business News Feeds

Main Headlines from Globes

Alony Hetz unit buys second Boston office building (Oct 18, 2018 08:22 PM)
Carr, which Alony Hetz holds jointly with JP Morgan, is paying $222 million for the building in Boston's main business district.

Shaked proposes nationalizing Greek Orthodox Jerusalem land (Oct 18, 2018 07:56 PM)
The measure to protect residents on the land from developers was first proposed by MK Rachel Azaria.

Shaked proposes nationalizing Greek Orthodox Jerusalem land (Oct 18, 2018 07:53 PM)
The measure to protect residents on the land from developers was first proposed by MK Rachel Azaria.

Thu: Discount, Leumi lead rises (Oct 18, 2018 06:33 PM)
The main indices rose today, giving the TASE a positive week, with Discount Bank, Bank Leumi and Teva up strongly.

Former NSA chief joins Israel cybersecurity co Team8 (Oct 18, 2018 06:18 PM)
Adm. (res.) Michael Rogers will work with Team8's portfolio companies and on developing new companies.

New home sales edge up (Oct 18, 2018 05:19 PM)
Purchases of new housing in Israel rose slightly in August, but were still down 17% for the January-August period.

Gleitman: Gov't innovation is oxymoron (Oct 18, 2018 04:18 PM)
The former chief scientist told the EY "Globes" Journey conference that Israel's low investment in R&D proves that the talk about a startup nation is nonsense.

Gleitman: Government innovation is an oxymoron (Oct 18, 2018 03:36 PM)
The former chief scientist told the EY "Globes" Journey conference that Israel's low investment in R&D proves that the talk about a startup nation is nonsense.

Nvidia opens Israel AI research center (Oct 18, 2018 02:40 PM)
Global artificial intelligence expert Prof. Gal Chechik will manage the center and recruit a team of AI specialists.

Gigi Levy: Our children will live to 110 (Oct 18, 2018 02:12 PM)
A "Time Capsule" panel at the EY Israel -"Globes" Journey Conference told the audience their predictions for the high-tech industry in 2020.

FIMI mulls TASE IPO for security co G1 (Oct 18, 2018 12:31 PM)
FIMI recently met with major investment institutions to test the feasibility of selling its holding in G1, formerly G4S, on the TASE.

Analysts soothe on Teva's migraine drug snub (Oct 18, 2018 11:19 AM)
Teva's Ajovy may have been rejected by Express Scripts for reimbursement but other US health insurers will accept it, say the analysts.

Israel Canada buys Tel Aviv seafront lot (Oct 18, 2018 07:53 AM)
An approved urban building plan that applies to the entire site provides for construction of a 22-floor tower.

Amkiri wins Globes EY ThePITCH startup competition (Oct 17, 2018 07:35 PM)
Amkiri has created a new concept: visual perfume - fragrant ink that can be used to paint perfume on the skin.

Wed: Teva slump drags down TASE (Oct 17, 2018 06:58 PM)
Teva fell sharply after a reimbursement snub as energy stocks exacerbated losses on the market.

Novartis to invest in $60m Gamida Cell Nasdaq IPO (Oct 17, 2018 06:35 PM)
The Israeli stem cell cancer therapy developer will hold the offering at a company valuation of $275 million.

WOW publishes Tel Aviv - New York fares (Oct 17, 2018 06:34 PM)
The Icelandic low-cost airline has four ticket categories: basic, WOW Plus, Comfy, and Premium.

Novartis to invest in $60m Gamida Cell Nasdaq IPO (Oct 17, 2018 06:18 PM)
The Israeli stem cell cancer therapy developer will hold the offering at a company valuation of $275 million.

Open source security co WhiteSource raises $35m (Oct 17, 2018 05:02 PM)
The Israeli company helps businesses harness the power of open source without compromising on security or slowing development.

Open source security co WhiteSource raises $35m (Oct 17, 2018 05:01 PM)
The Israeli company helps businesses harness the power of open source without compromising on security or slowing development.

Israeli plant-based protein co Equinom raises $4m (Oct 17, 2018 04:37 PM)
Equinom is developing a full portfolio of non-GMO legumes that have 50% more protein than varieties currently on the market.

Teva falls on migraine drug indemnity snub (Oct 17, 2018 04:36 PM)
Express Scripts has endorsed coverage of competing migraine drugs made by Amgen and Eli Lilly.

Israeli plant-based protein co Equinom raises $4m (Oct 17, 2018 04:13 PM)
Equinom is developing a full portfolio of non-GMO legumes that have 50% more protein than varieties currently on the market.

Israeli car simulation co Cognata raises $18.5m (Oct 17, 2018 03:42 PM)
The Ness Ziona-based company's automotive simulation platform combines artificial intelligence, deep learning, and computer vision.

Jerusalem rail-link will be unreliable for some time (Oct 17, 2018 02:59 PM)
Temporary transformers are causing electrical fluctuations. Permanent equipment won't be deployed before February 2019.

Jerusalem rail-link will be unreliable for some time (Oct 17, 2018 02:58 PM)
Temporary transformers are causing electrical fluctuations. Permanent equipment won't be deployed before February 2019.

Israel falls in WEF global competitiveness index (Oct 17, 2018 01:37 PM)
Israel has slipped four places in the index and is even lower in rankings regarding government bureaucracy and regulation.

Hapoalim to record NIS 119m profit from Clal Insurance sale (Oct 17, 2018 01:05 PM)
Under an agreement between the bank and IDB, first refusal rights will expire if there is no deal by November 11.

Australia's ASX seeks dual-listing agreement with TASE (Oct 17, 2018 01:00 PM)
The Australian Securities Exchange has attracted 18 early-stage Israeli high-tech companies.

Israeli car data fusion co Vayavision raises $8m (Oct 17, 2018 09:38 AM)
The Tel Aviv-based company provides raw data fusion and cognition systems for self-driving vehicles.

Israel falls in WEF global competitiveness index (Oct 17, 2018 09:25 AM)
Israel has slipped four places in the index and is even lower in rankings regarding government bureaucracy and regulation.

Australia's ASX seeks dual-listing agreement with TASE (Oct 16, 2018 07:33 PM)
The Australian Securities Exchange has attracted 18 early-stage Israeli high-tech companies.

Australia's ASX seeks dual-listing agreement with TASE (Oct 16, 2018 07:32 PM)
The Australian Securities Exchange has attracted 18 early-stage Israeli high-tech companies.

Tue: Teva climbs strongly as TASE rebounds (Oct 16, 2018 06:48 PM)
Teva, Ormat and Elbit led the gains today as Fattal Hotels slipped.

Amazon execs in Israel to solve delivery logistics problems (Oct 16, 2018 06:30 PM)
Sources believe Amazon will begin operating a Hebrew-language ecommerce website in the first quarter of 2019.

Amazon execs in Israel to solve delivery logistics problems (Oct 16, 2018 06:24 PM)
Sources believe Amazon will begin operating a Hebrew-language ecommerce website with a local Internet address in the first quarter of 2019.

Indoor geo-location co IntraPosition raises $1.5m (Oct 16, 2018 05:19 PM)
The Israeli company offers highly-accurate in-store location-based services, utilizing ultra-wideband (UWB) wireless technology.

Israeli high-tech training co Jolt raises $7m (Oct 16, 2018 05:08 PM)
The company will use the money to open its first campus in London in January 2019.

Perion social campaign platform awarded Google certification (Oct 16, 2018 04:55 PM)
MakeMereach is a platform that enables agencies and advertisers to fully optimize their social campaigns.

Perion social campaign platform awarded Google certification (Oct 16, 2018 04:51 PM)
MakeMereach is a platform that enables agencies and advertisers to fully optimize their social campaigns.

Eos Venture Partners to invest in Israeli insurtech (Oct 16, 2018 04:01 PM)
The $100 million fund will invest in early stage insurtech startups.

Temasek buys Israeli cybersecurity co Sygnia for $250m (Oct 16, 2018 03:25 PM)
The Singapore investment company is acquiring the Tel Aviv-based cybersecurity consulting startup.

Temasek buys Israeli cybersecurity co Sygnia for $250m (Oct 16, 2018 03:22 PM)
The Singapore investment company is acquiring the Tel Aviv-based cybersecurity consulting startup.

Israel's H1 growth revised upwards (Oct 16, 2018 03:12 PM)
The annualized first half growth estimate was raised from 4.1% to 4.2%.

IAI ELTA wins $55m Asian fire control radar deal (Oct 16, 2018 02:51 PM)
The radar offers a broad range of operational modes, including high-resolution mapping in SAR mode, detection, tracking, and imaging of aircraft, moving ground and sea targets.

WOW to resume low-cost Israel-US flights via Iceland (Oct 16, 2018 02:51 PM)
Fares for WOW's Tel Aviv - Reykjavik route will begin at $200 each way from June 2019.

Temasek buys Israeli cybersecurity co Sygnia for $250m (Oct 16, 2018 02:50 PM)
The Singapore investment company is acquiring the Tel Aviv-based cybersecurity consulting startup.

Temasek buys Israeli cybersecurity co Sygnia for $250m (Oct 16, 2018 02:43 PM)
The Singapore investment company is acquiring the Tel Aviv-based cybersecurity consulting startup.

Energean set to list on TASE by end of October (Oct 16, 2018 01:16 PM)
The Greek energy exploration company's shares will be included in the Tel Aviv 90 Index; it will not issue new shares.

WOW to resume low-cost Israel-US flights via Iceland (Oct 16, 2018 01:15 PM)
Fares for WOW's Tel Aviv - Reykjavik route will begin at $200 each way from June 2019.

Shekel weakens after Sept CPI (Oct 16, 2018 01:12 PM)
Many analysts including Goldman Sachs do not see an interest rate hike in Israel this year.

IAI ELTA wins $55m Asian fire control radar deal (Oct 16, 2018 12:42 PM)
The radar offers a broad range of operational modes, including high-resolution mapping in SAR mode, detection, tracking, and imaging of aircraft, moving ground and sea targets.

New Jerusalem rail link breaks down yet again (Oct 16, 2018 12:12 PM)
Economic Affairs Committee chairman Eitan Cabel: This project is one of the greatest failures of recent years.

Shekel weakens after Sept CPI (Oct 16, 2018 12:06 PM)
Many analysts including Goldman Sachs do not see an interest rate hike in Israel this year.

New Jerusalem rail link breaks down yet again (Oct 16, 2018 12:03 PM)
Economic Affairs Committee chairman Eitan Cabel: This project is one of the greatest failures of recent years.

Home Price Index falls, CPI up 0.1% in Sep (Oct 16, 2018 11:35 AM)
After rising for the past few months, home prices have resumed the falls of earlier this year, while the Consumer Price Index continues to rise negligibly.

Energean set to list on TASE by end October (Oct 16, 2018 11:34 AM)
The Greek energy exploration company's shares will be included in the Tel Aviv 90 Index; it will not issue new shares.

Cloud security co Kindite raises $4m (Oct 16, 2018 10:42 AM)
Kindite's technology allows sensitive enterprise data to be transferred to the cloud without it being visible to the service provider.

Home Price Index falls, CPI up 0.1% in Sep (Oct 15, 2018 07:06 PM)
After rising for the past few months, home prices have resumed the falls of earlier this year, while the Consumer Price Index continues to rise negligibly.

Hapoalim mulls selling Clal Insurance stake (Oct 15, 2018 06:53 PM)
The bank is believed to be considering the sale, in view of the recent rise in Clal Insurance's share price.

Home Price Index falls, CPI up 0.1% in Sep (Oct 15, 2018 06:51 PM)
After rising for the past few months, home prices have resumed the falls of earlier this year, while the Consumer Price Index continues to rise negligibly.

Cannabis R&D lab set up at Hebrew University (Oct 15, 2018 06:34 PM)
The Asana Bio Group Israeli holding company has invested $2.3 million in founding a laboratory for research on the active ingredients in the cannabis plant.

Mon: Teva bucks market (Oct 15, 2018 06:29 PM)
The market was down today led Israel Chemicals and Cellcom while Delek, Perrigo and Teva led the gains.

Ashtrom sees NIS 900m revenue from LYFE project construction (Oct 15, 2018 06:05 PM)
Ashtrom will construct two office and commercial towers on the Bnei Brak site it owns jointly with Dan Bus Company.

El Al management approves agreement with pilots (Oct 15, 2018 06:02 PM)
The El Al board of directors approved the new labor agreement two weeks before new flight time limitation regulations are scheduled to take effect.

Heart valve co Trisol Medical raises $2.7m (Oct 15, 2018 05:25 PM)
The Israeli company, which has developed a minimally invasive way to replace the tricuspid heart valve, is aiming at a $6 billion market.

Investor exit fails to depress Israeli home prices (Oct 15, 2018 05:16 PM)
The proportion of homes purchased by investors has fallen dramatically, but the real objective of lowering home prices has not been achieved.

Reshet shareholders cancel merger with Channel 10 (Oct 15, 2018 05:16 PM)
The shareholders place the blame for the cancellation squarely on the Second Broadcasting Authority.

Israel Railways reshuffles schedules due to overcrowding (Oct 15, 2018 05:13 PM)
Following passenger complaints, more trains will run on the Nahariya-Haifa-Tel Aviv line while Valley line trains will only run to Haifa.

Fattal buys Manchester's iconic Midland hotel (Oct 15, 2018 04:28 PM)
The Israeli hotel chain will rent and manage The Midland for 35 years.

Reshet shareholders cancel merger with Channel 10 (Oct 15, 2018 04:27 PM)
The shareholders place the blame for the cancellation squarely on the Second Broadcasting Authority.

Army draft bill tops new Knesset session agenda (Oct 15, 2018 03:39 PM)
There is no formal date for ending the session, and elections are in the air.

Fattal buys Manchester's iconic Midland hotel (Oct 15, 2018 03:18 PM)
The Israeli hotel chain will rent and manage The Midland for 35 years.

Reshet shareholders cancel merger with Channel 10 (Oct 15, 2018 03:08 PM)
The shareholders place the blame for the cancellation squarely on the Second Broadcasting Authority.

Glilot closes $110m third Israel VC fund (Oct 15, 2018 03:07 PM)
The oversubscribed fund will invest in Israeli early-stage startups in artificial intelligence, big data and cybersecurity.

External investigator: No sexual harassment at Fox (Oct 15, 2018 02:16 PM)
"No fault was found in the company's behavior and that of its executives in these areas."

External investigator: No sexual harassment at Fox (Oct 15, 2018 02:15 PM)
"No fault was found in the company's behavior and that of its executives in these areas."

Amir Marketing, Leon Koffler investing in BOL Pharma (Oct 15, 2018 11:34 AM)
BOL produces and markets cannabis for the Israeli market.

Eli Azur in talks to invest in Channel 10 (Oct 15, 2018 10:51 AM)
With the Israeli television channel's fate in doubt, efforts have been made in the past few days to avert its immediate collapse.

Eli Azur in talks to invest in Channel 10 (Oct 15, 2018 10:50 AM)
With the Israeli television channel's fate in doubt, efforts have been made in the past few days to avert its immediate collapse.

Israel's cabinet approves restrictions on electric bikes (Oct 15, 2018 10:49 AM)
Tough regulations include registration of bicycles, training courses for those without a driving license, compulsory helmets and stiffer fines for violations.

Apartments sold and rented (Oct 14, 2018 09:09 PM)
A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Ramat Gan, Holon and Herzliya.

Flug to ease restrictions on non-bank credit (Oct 14, 2018 08:54 PM)
Non-banking companies will be able raise up to NIS 20 billion.

Sun: Israel Chemicals, Teva lead TASE rebound (Oct 14, 2018 06:11 PM)
Israel Chemicals and Teva led the gains today while Perrigo and Opko led the losses.

WeWork's high-risk model undermines $20b valuation (Oct 14, 2018 04:50 PM)
Why does Softbank say that it will spend $15-20 billion on acquiring control of a company that is projected to lose $1.5 billion in 2018?

Israel's cabinet approves restrictions on electric bikes, scooters (Oct 14, 2018 04:23 PM)
Tough regulations include registration of bicycles, training courses for those without a driving license, compulsory helmets and stiffer fines for violations.

Apartments sold and rented (Oct 14, 2018 03:49 PM)
A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Ramat Gan, Holon and Herzliya.

Israel Railways overcrowded due to lack of carriages (Oct 14, 2018 03:27 PM)
60 railway carriages were diverted to the new Tel Aviv-Jerusalem route from other routes.

Walmart to invest $250m in JV with Israeli content co Eko (Oct 14, 2018 02:14 PM)
The giant US retailer is setting up the joint venture called W*E Interactive Ventures to develop interactive content to help it compete with Amazon.

Despite rising deficit, Kahlon plans tax cuts (Oct 14, 2018 12:42 PM)
The Ministry of Finance has confirmed a "Globes" report of an alarming jump in the state budget deficit.

Teva loses another Copaxone patents case (Oct 14, 2018 12:34 PM)
The US Court of Appeals for the Federal Circuit upheld a 2017 decision by a Delaware court canceling four patents on the 40 mg version of Teva's blockbuster multiple sclerosis treatment.

Hoteliers against closing Sde Dov Airport (Oct 14, 2018 12:03 PM)
The Israel Hotel Association wants the airport to continue operating until an airport is built off the Tel Aviv shore.

Israel Chemicals signs new potash contracts in China (Oct 14, 2018 11:48 AM)
The price is $60 per tonne higher than in Israel Chemicals' previous contracts with Chinese customers.

Israeli airlines' winter schedules still at risk (Oct 14, 2018 11:47 AM)
The Ministry of Foreign affairs is adamant that it will stop employing flight security personnel overseas in January.

ICL signs new potash contracts with Chinese customers (Oct 14, 2018 11:29 AM)
The price is $60 per tonne higher than in Israel Chemicals' previous contracts in China.

Israeli airlines' winter schedules still at risk (Oct 14, 2018 11:07 AM)
The Ministry of Foreign affairs is adamant that it will stop employing flight security personnel overseas in January.

Walmart to invest $250m in JV with Israeli content co Eko (Oct 12, 2018 04:43 PM)
The giant US retailer is setting up the joint venture called W*E Interactive Ventures to develop interactive content to help it compete with Amazon.

Israeli Startup Companies and Venture Capital from Globes

Autotech ahoy! (Oct 18, 2018 08:59 PM)
With the timetable for commercializing autonomous cars getting longer, Israeli autotech companies are looking at parallel markets - shipping, for example.

Amkiri wins Globes EY ThePITCH startup competition (Oct 17, 2018 07:35 PM)
Amkiri has created a new concept: visual perfume - fragrant ink that can be used to paint perfume on the skin.

Open source security co WhiteSource raises $35m (Oct 17, 2018 05:02 PM)
The Israeli company helps businesses harness the power of open source without compromising on security or slowing development.

Israeli plant-based protein co Equinom raises $4m (Oct 17, 2018 04:37 PM)
Equinom is developing a full portfolio of non-GMO legumes that have 50% more protein than varieties currently on the market.

Israeli car simulation co Cognata raises $18.5m (Oct 17, 2018 03:42 PM)
The Ness Ziona-based company's automotive simulation platform combines artificial intelligence, deep learning, and computer vision.

Israeli car data fusion co Vayavision raises $8m (Oct 17, 2018 09:38 AM)
The Tel Aviv-based company provides raw data fusion and cognition systems for self-driving vehicles.

Israeli startup Temi aims to put robots into the home (Oct 16, 2018 06:12 PM)
Yossi Wolf dreamed of a robot to help families communicate with elderly parents and managers to talk to employees, so he made one.

Indoor geo-location co IntraPosition raises $1.5m (Oct 16, 2018 05:19 PM)
The Israeli company offers highly-accurate in-store location-based services, utilizing ultra-wideband (UWB) wireless technology.

Israeli high-tech training co Jolt raises $7m (Oct 16, 2018 05:08 PM)
The company will use the money to open its first campus in London in January 2019.

Eos Venture Partners to invest in Israeli insurtech (Oct 16, 2018 04:01 PM)
The $100 million fund will invest in early stage insurtech startups.

Temasek buys Israeli cybersecurity co Sygnia for $250m (Oct 16, 2018 03:25 PM)
The Singapore investment company is acquiring the Tel Aviv-based cybersecurity consulting startup.

Temasek buys Israeli cybersecurity co Sygnia for $250m (Oct 16, 2018 02:43 PM)
The Singapore investment company is acquiring the Tel Aviv-based cybersecurity consulting startup.

Cloud security co Kindite raises $4m (Oct 16, 2018 10:42 AM)
Kindite's technology allows sensitive enterprise data to be transferred to the cloud without it being visible to the service provider.

Heart valve co Trisol Medical raises $2.7m (Oct 15, 2018 05:25 PM)
The Israeli company, which has developed a minimally invasive way to replace the tricuspid heart valve, is aiming at a $6 billion market.

Glilot closes $110m third Israel VC fund (Oct 15, 2018 03:07 PM)
The oversubscribed fund will invest in Israeli early-stage startups in artificial intelligence, big data and cybersecurity.

Glilot closes $110m third Israel VC fund (Oct 15, 2018 02:59 PM)
The oversubscribed fund will invest in Israeli early-stage startups in artificial intelligence, big data and cybersecurity.

MEDX Xelerator broadens international collaboration (Oct 14, 2018 09:01 PM)
The Israeli medical device incubator is cooperating with innovation hubs in the EU and US.

MEDX Xelerator broadens international collaboration (Oct 14, 2018 06:22 PM)
The Israeli medical device incubator is cooperating with innovation hubs in the EU and US.

Walmart to invest $250m in JV with Israeli content co Eko (Oct 14, 2018 02:14 PM)
The giant US retailer is setting up the joint venture called W*E Interactive Ventures to develop interactive content to help it compete with Amazon.

$100m financing rounds no longer a rarity (Oct 11, 2018 07:20 PM)
Exits by Israeli companies are giving way to growth, acquisitions, and building a large global company.

Israeli crypto-wallet co KZen Networks raises $4m (Oct 11, 2018 04:21 PM)
The beta trial of the Israeli company's app will begin in the coming weeks,

Israeli visual inspection co Kitov Systems raises $10m (Oct 10, 2018 05:13 PM)
The Petah Tikva-based company develops AI-based solutions for visual inspection in industrial manufacturing.

Israeli cybersecurity co Demisto raises $43m (Oct 10, 2018 04:18 PM)
The Tel Aviv-based company has developed a Security Orchestration, Automation and Response (SOAR) technology platform.

Israel's Double Shoot makes weapons more accurate (Sep 25, 2018 03:12 PM)
Tal Tinichigiu-Abergil and Oren Avman's startup has developed an app for streamlining and simplifying the firearm zeroing process.

FindAir enters the online flight fare comparison fray (Sep 12, 2018 05:26 PM)
Ilan Michaely and Dan Kallmann, told "Globes" that they have "found the formula that will display the truly cheapest fare for any flight."

Dutch prince seeks Israeli high-tech cooperation (Sep 6, 2018 01:17 PM)
Prince Constantijn van Oranje, the brother of King Willem-Alexander, is in Israel with Dutch investors.

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.

SilicoNegev to boost southern entrepreneurship (Apr 3, 2017 05:37 PM)
The winning startup in a Negev competition will be granted a NIS 500,000 investment.

Betrayal (Mar 5, 2017 04:36 PM)
It's the only word to describe the failure of Israeli financial institutions to invest in our high-tech industry.

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.


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