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Israel Business News Feeds

Main Headlines from Globes

Freelancer platform HoneyBook raises $28m (Mar 21, 2019 06:27 PM)
The company increased the number of its new customers by 150% in 2018.

Midroog cuts BCom rating (Mar 21, 2019 06:23 PM)
Midroog predicts that B Communications will not meet the payments on its bonds without the consent of all of its bondholders.

Edge computing and AI take Israeli auto-tech beyond cars (Mar 21, 2019 03:46 PM)
Many technologies developed by the Israeli auto-tech sector also have military applications, which could lead to US demands to restrict Chinese investment.

Edge computing and AI take Israeli auo-tech beyond cars (Mar 21, 2019 03:43 PM)
Many technologies developed by the Israeli auto-tech sector also have military applications, which could lead to US demands to restrict Chinese investment.

Israeli customer interaction co Yellzz raises $1m (Mar 21, 2019 01:39 PM)
Yellzz enables SMEs to be proactive and interact with potential customers at the exact moment when the customers are looking for the service or product offered.

Israeli property management co Guesty raises $35m (Mar 21, 2019 01:37 PM)
Guesty's platform simplifies the complex operational needs accompanying short-term rental management.

Mellanox share price remains well below Nvidia offer (Mar 21, 2019 12:50 PM)
With the deal scheduled to be completed by the end of the year, Mellanox share price is 6.5% below what Nvidia will pay. What snags could torpedo the deal?

Israeli customer interaction co Yellzz raises $1m (Mar 21, 2019 12:12 PM)
Yellzz enables SMEs to be proactive and interact with potential customers at the exact moment when the customers are looking for the service or product offered.

Natural gas pipeline to Jerusalem completed (Mar 21, 2019 11:12 AM)
The 18-inch-diameter, 34-kilometer-long pipeline cost NIS 290 million to build.

Shekel gains strongly after Fed U-turn on rate hikes (Mar 21, 2019 11:05 AM)
After US Federal Reserve Chairman Jerome Powell said there would be no rate increases this year, the stage is set for the shekel-dollar interest rate gap to narrow.

Mellanox share price remains well below Nvidia offer (Mar 21, 2019 09:44 AM)
With the deal scheduled to be completed by the end of the year, Mellanox share price is 6.5% below what Nvidia will pay. What snags could torpedo the deal?

"Newsweek" ranks Israeli hospital in world's top ten (Mar 21, 2019 09:39 AM)
In ranking Sheba Medical Center tenth, "Newsweek" says it is a leader in medical science and biotechnical innovation.

"Newsweek" ranks Israeli hospital in world's top ten (Mar 21, 2019 06:44 AM)
In ranking Sheba Medical Center tenth, "Newsweek" says it is a leader in medical science and biotechnical innovation.

Wed: Telcos tank, dragging down TASE (Mar 20, 2019 06:23 PM)
Bezeq, Cellcom and Partner plunged today but Melisron and Leumi bucked the market.

Skoda expands collaboration with Israeli startups (Mar 20, 2019 05:58 PM)
The carmaker is working with 13 startups at its Digilab center in Tel Aviv.

Skoda expands collaboration with Israeli startups (Mar 20, 2019 05:52 PM)
The carmaker is working with 13 startups at its Digilab center in Tel Aviv.

Azrieli again reports strong profits (Mar 20, 2019 05:21 PM)
Azrieli Group made a NIS 1.2 billion net profit, despite unfavorable property revaluations.

Ahead of London IPO, Delek Drilling buys 3 Israeli licenses (Mar 20, 2019 04:38 PM)
Two of the licenses are land oil exploration licenses and the third is the Roei offshore gas exploration license.

Israel slips in UN World Happiness Index (Mar 20, 2019 03:37 PM)
Israel fell two places to thirteenth but remains ahead of such countries as the UK (15), Germany (17) and the US (19).

Building starts in Israel fall sharply in 2018 (Mar 20, 2019 03:17 PM)
Building starts were strong where Buyer Fixed Price Plan campaigns were held and weak in most other places.

State's witness retracts submarine testimony due to blocked funds (Mar 20, 2019 01:48 PM)
Former Thyssenkrupp agent Michael Ganor has cancelled his plea bargain agreement apparently because he has been unable to access money in overseas accounts, sources inform "Globes."

Teva sells 2 Jerusalem properties for NIS 278m (Mar 20, 2019 01:37 PM)
The Israeli pharmaceutical company is closing its tablets factory and inhalers factories on the properties this year.

Bezeq parent B. Com halts debt repayments (Mar 20, 2019 12:22 PM)
B Communications says the drop in Bezeq's value will reduce its equity by NIS 650 million.

Sub bribery state's witness retracts testimony due to blocked funds (Mar 20, 2019 12:09 PM)
Former Thyssenkrupp agent Michael Ganor has cancelled his plea bargain agreement apparently because he has been unable to access money in overseas accounts, sources inform "Globes."

Tenders issued for dozens of shared taxi routes (Mar 20, 2019 11:46 AM)
A tender was also issued for the Metronit rapid transit bus system in Haifa.

El Al to begin Tel Aviv - Chicago flights in March 2020 (Mar 20, 2019 10:55 AM)
El Al will operate three weekly flights on Tuesdays, Thursdays and Sundays using 282-seat Boeing 787 Dreamliner.

Sub bribery state's witness retracts testimony due to blocked funds (Mar 20, 2019 08:16 AM)
Former Thyssenkrupp agent Michael Ganor has cancelled his plea bargain agreement apparently because he has been unable to access money in overseas accounts, sources inform "Globes."

El Al to begin Tel Aviv - Chicago flights in March 2020 (Mar 20, 2019 08:11 AM)
El Al will operate three weekly flights on Tuesdays, Thursdays and Sundays using 282-seat Boeing 787 Dreamliner.

Sub bribery state's witness retracts testimony due to blocked funds (Mar 20, 2019 07:35 AM)
Former Thyssenkrupp agent Michael Ganor has cancelled his plea bargain agreement apparently because he has been unable to access money in overseas accounts, sources inform "Globes."

Submarine bribery state's witness retracts testimony due to blocked funds (Mar 20, 2019 07:33 AM)
Former Thyssenkrupp agent Michael Ganor has cancelled his plea bargain agreement apparently because he has been unable to use money he holds in overseas accounts, sources inform "Globes."

32 Israeli cities seek gov't support for electric car charging points (Mar 19, 2019 08:17 PM)
The Energy Ministry's total budget for subsidizing charging stations in Israel for electric cars is NIS 30 million.

Tue: Telcos continue slump on flat TASE (Mar 19, 2019 07:34 PM)
Cellcom, Partner and Delek Drilling led the declines as Mizrahi Tefahot and the other big banks bucked the market.

Cosmetics co KIKO Milano opens first Israeli store (Mar 19, 2019 06:49 PM)
In addition to the Ramat Gan store, outlets will soon be opened in Jerusalem and Netanya with 40 branches planned within four years.

David's Sling upgraded after successful trials (Mar 19, 2019 06:08 PM)
The Defense Ministry announced that it has completed trials in southern Israel to upgrade the medium range missile defense system.

David's Sling upgraded after successful trials (Mar 19, 2019 06:03 PM)
The Defense Ministry announced that it has completed tirlas in southern Israel to upgrade the medium range missile defense system.

Israeli lunar spacecraft conducts another successful maneuver (Mar 19, 2019 05:14 PM)
SpaceIL's Beresheet spacecraft's most important maneuver on the way to the moon will be conducted on April 4.

Copaxone rival Mapi Pharma to build Jerusalem plant (Mar 19, 2019 04:32 PM)
The company has received a NIS 9 million grant from the Israel Innovation Authority and total investment in the new plant will be NIS 46 million.

Azrieli aims to become franchisee for int'l brands (Mar 19, 2019 02:57 PM)
Azrieli will be the first shopping mall company to compete with its tenants by becoming a franchise holder for international retails chains.

Highroad launches Tel Aviv innovation center (Mar 19, 2019 02:11 PM)
After a running-in period, in which four startups received support from the accelerator, the new ventures that will join the Center were unveiled.

Priority Software acquires Belgium's Optimize Group (Mar 19, 2019 12:59 PM)
Sources close to the company estimated the price at several million euros.

Doctors top earners in Israel's public sector organizations (Mar 19, 2019 12:46 PM)
One specialist at Hadassah Medical Center received almost NIS 253,000 a month.

Doctors top earners in public sector organizations (Mar 19, 2019 12:43 PM)
One specialist at Hadassah Medical Center received almost NIS 253,000 a month.

Third building worker in three days killed at Harish (Mar 19, 2019 12:28 PM)
The worker, a Moldovan citizen, died of his injuries after falling from a roof.

Bezeq sees NIS 1.5b potential Yes write-down (Mar 19, 2019 11:25 AM)
Bezeq will have to make the write-down unless the Israel Securities Authority allows it to treat its subsidiaries as a single accounting unit.

Tel Aviv again among world's most expensive cities (Mar 19, 2019 10:47 AM)
The Economist Intelligence Unit's 2019 cost of living rankings are topped by Paris, Singapore and Hong Kong.

Elbit Systems posts $6.18m 2018 profit (Mar 19, 2019 10:16 AM)
The fourth quarter and full year 2018 financials are the first that Elbit Systems has released after completing the acquisition of Israel Military Industries.

Elbit Systems posts $6.18m 2018 profit (Mar 19, 2019 10:04 AM)
The fourth quarter and full year 2018 financials are the first that Elbit Systems has released after completing the acquisition of Israel Military Industries.

Israeli army chief wants to set up new innovation division (Mar 18, 2019 08:28 PM)
The new division will tailor future weapons systems to the IDF's operational and intelligence needs.

Israeli migraine device co Theranica raises $35m (Mar 18, 2019 08:26 PM)
Nerivio Migra, the Netanya-based company's novel remote neuromodulation device for acute treatment of migraine, is under review by the FDA.

No bidders in Tel Aviv Eurovision tent city tender (Mar 18, 2019 08:02 PM)
The tent city planned for Yarkon Park in Tel Aviv during the Eurovision Song Contest has been called off.

Mon: Telcos lead TASE down (Mar 18, 2019 07:54 PM)
Cellcom was the biggest decliner on the Tel Aviv 35 Index today while Gazit-Globe rose strongly.

Israeli migraine device company Theranica raises $35m (Mar 18, 2019 07:32 PM)
Nerivio Migra, the Netanya-based company's novel remote neuromodulation device for acute treatment of migraine, is under review by the FDA.

Israeli army chief wants to set up new Innovation Division (Mar 18, 2019 07:10 PM)
The new division will tailor future weapons systems to the IDF's operational and intelligence needs.

Decathlon opens Tel Aviv store (Mar 18, 2019 05:02 PM)
The Tel Aviv store is about half the size of the 3,100 square meter Rishon Lezion store, which opened in 2017.

Gett plans IPO on TASE or in London (Mar 18, 2019 04:08 PM)
The Israeli taxi hailing app's CEO Dave Waiser has told the "Financial Times" that the company is planning its IPO later this year.

Gas exports to Egypt to be delayed 3 months - report (Mar 18, 2019 04:03 PM)
The flow of gas from Israel to Egypt under a $15 billion deal had been planned to start this month but has been delayed due to a pipeline fault, "Bloomberg" reports.

Shaked vows Supreme Court shake-up (Mar 18, 2019 03:20 PM)
Under the plan, the minister of justice would appoint Supreme Court justices, with Knesset and cabinet ratification.

Haifa Bay plan: Petrochemicals out, 100,000 homes in (Mar 18, 2019 03:17 PM)
The ambitious Innovation Valley program for Haifa Bay was presented today by the Israel Land Administration.

Shaked vows Supreme Court shake-up (Mar 18, 2019 02:33 PM)
Under the plan, the minister of justice would appoint Supreme Court justices, with Knesset and cabinet ratification.

Israel Railways announces expanded schedule amid unrest (Mar 18, 2019 01:16 PM)
The schedule calls for additional trains and extended operating hours, but Israel Railways may be unable to implement it.

Hapoalim posts NIS 2.6b 2018 profit despite US probe provision (Mar 18, 2019 01:01 PM)
Excluding the provision against the US tax evasion investigation, the bank posted a net profit of NIS 3.579 billion in 2018, and return on equity was 9.7%.

Israel Railways announces expanded schedule amid unrest (Mar 18, 2019 12:49 PM)
The schedule calls for additional trains and extended operating hours, but Israel Railways may be unable to implement it.

Delek Drilling to split into two (Mar 18, 2019 12:03 PM)
The rights to the Leviathan natural gas reservoir will be transferred to a foreign company to be listed on the London Stock Exchange.

Cellcom switches to annual loss (Mar 18, 2019 11:12 AM)
Cellcom CEO Nir Sztern: The Israeli telecommunications market is in a difficult state, and without urgent regulatory intervention to resolve the crisis, genuine damage to investments is expected.

Cellcom switches to annual loss (Mar 18, 2019 11:11 AM)
Cellcom CEO Nir Sztern: The Israeli telecommunications market is in a difficult state, and without urgent regulatory intervention to resolve the crisis, genuine damage to investments is expected.

Hapoalim posts NIS 2.6b 2018 profit despite US probe provision (Mar 18, 2019 10:13 AM)
Excluding the provision against the US tax evasion investigation, the bank posted a net profit of NIS 3.579 billion in 2018, and return on equity was 9.7%.

Yes to team with Apple TV (Mar 18, 2019 06:09 AM)
The Israeli broadcaster will launch a new Apple-based converter in the coming months in which Yes TV will be installed as the first option.

Marcus Weber delisting Arena Group from TASE (Mar 17, 2019 08:48 PM)
Having invested NIS 1 billion in Arena Group, Marcus Weber is delisting the company from the TASE for only NIS 8.5 million, after the company lost almost its entire value.

BDO: Housing prices won't fall in 2019 (Mar 17, 2019 08:45 PM)
We see a slide in housing starts, and we therefore believe that housing prices will not fall in 2019," BDO managing partner Shahar Ziv said.

Be expenditure hits Shufersal profits (Mar 17, 2019 06:28 PM)
The Israeli supermarket chain's profit fell 36% in the fourth quarter due to the Be pharmacy chain's operating loss.

Sun: Fattal leads TASE higher (Mar 17, 2019 05:57 PM)
Fattal, Energean and NICE Systems led the market higher today but Shufersal was down after reporting fourth quarter financials.

Yes to team with with Apple TV (Mar 17, 2019 04:38 PM)
The Israeli broadcaster will launch a new Apple-based converter in the coming months in which Yes TV will be installed as the first option.

Huldai: Sde Dov airport more vital than new homes (Mar 17, 2019 04:19 PM)
Tel Aviv Mayor Ron Huldai told the Globes Real Estate Conference today that replacing Sde Dov airport by new housing would be a catastrophe.

Huldai: Sde Dov airport more vital than new homes (Mar 17, 2019 03:41 PM)
Tel Aviv Mayor Ron Huldai told the Globes Real Estate Conference today that replacing Sde Dov airport by new housing would be a catastrophe.

Apartments sold and rented (Mar 17, 2019 03:32 PM)
A selection of recent real estate deals in Israel including in Jerusalem, Rishon Lezion, Rehovot and Lod.

Africa Israel Residences buys central Tel Aviv lot (Mar 17, 2019 01:54 PM)
The (Summayl) site between Jabotinsky Street, Ben Shaprut Street, Arlosoroff Street, and Ibn Gvirol Street is one of the last and most expensive land reserves in central Tel Aviv.

Ibis opens second downtown Jerusalem hotel (Mar 17, 2019 01:18 PM)
The 104-room Ibis Styles is in the heart of the city at the bottom of the Ben Yehuda street pedestrian mall near Zion Square.

Turkish Airlines offering direct Tel Aviv-Izmir flights (Mar 17, 2019 12:14 PM)
The airline is also about to launch direct flights to Antalya, aimed at Israeli vacationers.

Turkish Airlines offering direct Tel Aviv-Izmir flights (Mar 17, 2019 11:08 AM)
The airline is also about to launch direct flights to Antalya, aimed at Israeli vacationers.

Fattal leases four more London hotels (Mar 17, 2019 10:19 AM)
The deal brings the Israeli chain's total number of hotels in the UK and Ireland to 51, with over 11,300 rooms.

CPI up 0.1% in February (Mar 17, 2019 09:19 AM)
For the second month in succession, inflation in Israel exceeded market estimates.

Israeli Startup Companies and Venture Capital from Globes

Freelancer platform HoneyBook raises $28m (Mar 21, 2019 06:27 PM)
The company increased the number of its new customers by 150% in 2018.

Israeli customer interaction co Yellzz raises $1m (Mar 21, 2019 01:39 PM)
Yellzz enables SMEs to be proactive and interact with potential customers at the exact moment when the customers are looking for the service or product offered.

Israeli property management co Guesty raises $35m (Mar 21, 2019 01:37 PM)
Guesty's platform simplifies the complex operational needs accompanying short-term rental management.

Skoda expands collaboration with Israeli startups (Mar 20, 2019 05:58 PM)
The carmaker is working with 13 startups at its Digilab center in Tel Aviv.

Highroad launches Tel Aviv innovation center (Mar 19, 2019 02:11 PM)
After a running-in period, in which four startups received support from the accelerator, the new ventures that will join the Center were unveiled.

Israeli migraine device co Theranica raises $35m (Mar 18, 2019 08:26 PM)
Nerivio Migra, the Netanya-based company's novel remote neuromodulation device for acute treatment of migraine, is under review by the FDA.

Gett plans IPO on TASE or in London (Mar 18, 2019 04:08 PM)
The Israeli taxi hailing app's CEO Dave Waiser has told the "Financial Times" that the company is planning its IPO later this year.

Stryker buys Israeli orthopedic device co OrthoSpace for $220m (Mar 14, 2019 09:23 PM)
The Caesarea-based company has developed a plastic cushion device for treating serious shoulder inflammation and injury, as an alternative to surgery.

Verbit launches AI real-time transcription solution (Mar 14, 2019 01:35 PM)
The Israeli company has introduced a solution for generating speech-to-text through Communication Access Real-Time Translation (CART) technology.

Israeli HR platform co Hibob raises $20m (Mar 13, 2019 04:48 PM)
The Tel Aviv-based company's platform provides management with 50-2,000 employees,with insights and tools for a dynamic work environment.

Israeli cybersecurity co Cymulate raises $7.5m (Mar 13, 2019 03:39 PM)
The Rishon Lezion based company's BAS platform enables organizations to automatically assess their overall security posture.

Data center co Lightbits Labs raises $50m (Mar 13, 2019 09:23 AM)
The Israeli company's CEO says that data center storage underutilization has reached epidemic and expensive levels.

IVC - GKH: Israeli VC funds raised 50% more in 2018 (Mar 11, 2019 06:04 PM)
$2.6 billion was raised by 30 funds in 2018, up from 2017, when 18 Israeli venture capital funds raised $1.7 billion.

Zebra's AI system to prioritize cases in Israel's health services (Mar 11, 2019 03:35 PM)
Zebra will receive a grant as part of the Innovation Authority's program to help Israeli companies get products into Israel's health system.

Start-Up National Central: 6,673 high-tech cos in Israel (Mar 11, 2019 01:44 PM)
80% of Israeli high-tech companies and startups aim at the business sector and only 20% at the end consumer.

A home for haredi creativity (Mar 4, 2019 05:31 PM)
The Bizlab program helps ultra-Orthodox entrepreneurs pursue unorthodox ideas - Amazon and Google are invested.

A US tax break Israeli startups can utilize (Mar 4, 2019 03:41 PM)
A tax credit in the US for R&D provides an opportunity for astute Israeli technology companies.

Chinese research institute invests in Zion Medical (Feb 26, 2019 02:45 PM)
The Chinese firm will manufacture and market the Israeli company's drugs in China.

Fiverr turns $5 gigs into a billion dollars (Feb 26, 2019 01:25 PM)
Ahead of a planned $1 billion Nasdaq IPO, Fiverr CEO Micha Kaufman tells "Globes" about the freelancers' platform that he founded.

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

"Globes" names Puls Israel's most promising 2018 startup (Feb 6, 2019 04:41 PM)
"Globes" ranks this year's crop of companies that are most likely to make a disruptive difference.

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

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

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

TargetGene develops more precise gene editing (Dec 27, 2018 11:01 AM)
The Israeli company's solution takes the new CRISPR gene-cutting technology one better.

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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