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Israel's Business Arena

Last Build Date: Wed, 20 Sep 2017 09:19:01

Copyright: Globes 2017

Israeli co Enlivex Therapeutics raises $8m

Wed, 20 Sep 2017 09:16:53

The financing led by Korea Investment Partners will fund Phase III clinical trials of the Jerusalem company's lead compound for the prevention of Graft Vs Host Disease (GVHD).

Teva teams with Nuvelution on Tourette syndrome drug

Tue, 19 Sep 2017 18:31:07

The two companies will develop AUSTEDO (deutetrabenazine) tablets for the treatment of tics associated with Tourette syndrome in pediatric patients in the US.

Teva in talks with Azrieli to rent new Petah Tikva HQ

Tue, 19 Sep 2017 18:06:32

Azrieli yesterday bought land in Petah Tikva from Amos Luzon and Tidhar.

Agriculture Ministry to recognize cannabis as farming sector

Tue, 19 Sep 2017 18:01:48

Cannabis growers for medical use will receive support, grants, water quotas, and training.

Karmiel railway line opens

Tue, 19 Sep 2017 18:16:31

Residents of the region will travel for free for 3 months and at a 50% discount for the two years after that.

MediWound raises $22m in Nasdaq offering

Tue, 19 Sep 2017 17:15:01

The company's wound treatment product has successfully passed Phase II trials.

Compromise reached with nuclear employee cancer victims

Tue, 19 Sep 2017 17:32:37

170 nuclear reactor employees, pensioners, and families will receive NIS 78 million.

Container security co Aqua Security raises $25m

Tue, 19 Sep 2017 15:41:42

The investment will enable the Israeli company to capitalize on the strong demand for its cloud-native container security platform.

Trump procrastinates on peace process

Tue, 19 Sep 2017 15:53:42

Washington analysts believe the White House has decided to refrain from any "obsessive engagement" in the Israeli-Palestinian conflict.

Israeli sugar reduction co DouxMatok raises $8.1m

Tue, 19 Sep 2017 17:17:19

Tests conducted by food and beverage multinationals have confirmed that, when using DouxMatok sugars, they can reduce up to 40% of the sugar content in their products.

Israel's population reaches 8.74m on eve of 5778

Tue, 19 Sep 2017 13:16:31

The country's population will reach 10 million by 2024, the Central Bureau of Statistics reports.

Limit for online imports tax exemption to remain $75

Tue, 19 Sep 2017 12:44:52

A government committee does, however, recommend easing regulations applying to personal imports.

Big data co Panoply raises $5m

Tue, 19 Sep 2017 12:03:24

Panoply combines machine learning with traditional data management and storage technologies.

Israeli cos Ceva, Orbotech on Fortune Fastest-Growing list

Tue, 19 Sep 2017 11:16:47

Ceva ranked 52nd overall on the list and Orbotech 79th.

Trump highlights peace with Palestinians

Tue, 19 Sep 2017 10:54:27

In his public statement to US President Trump at their meeting in New York, Prime Minister Benjamin Netanyahu stressed "the terrible nuclear deal with Iran." 

Hapoalim raises NIS 900m in deposits from institutions

Tue, 19 Sep 2017 10:19:45

For a year now, Bank Hapoalim has been raising capital privately, avoiding the need to publish a prospectus.

Treasury budget dept halts industry aid program launch

Mon, 18 Sep 2017 19:33:24

The department opposes any increase in budgetary spending for industrialists.

High-density living coming to Caesarea

Mon, 18 Sep 2017 19:21:25

The new project consists of 86 apartments in 3-4 storey buildings.

Light demand for Navitas equity offering

Mon, 18 Sep 2017 19:25:14

Energy exploration partnership Navitas raised only NIS 32 million of the NIS 50 million it wanted.

Israel Shipyards launches patrol ship built for Cypriot Navy

Mon, 18 Sep 2017 19:52:03

The new OPV is based on the SAAR 4 and SAAR 4.5 ships in service with the Israel Navy.

Outbrain launches new native advertising platform

Mon, 18 Sep 2017 18:28:35

Outbrain says that its new system makes it the world's largest distribution system for native advertising.

Israel Innovation Authority eyes second biotech incubator

Mon, 18 Sep 2017 18:11:05

The success of FutuRX in Rehovot has led the Innovation Authority to plan an incubator in northern Israel as well.

Israeli surgical visualization co Augmedics raises $8.3m

Mon, 18 Sep 2017 17:49:51

The round was led by Swiss fund AO Invest.

Elbit Systems restructuring cyber subsidiary

Mon, 18 Sep 2017 16:14:46

Cyberbit's defense business is being transferred to the parent company.

Teva sells remaining women's health assets for $1.38b

Mon, 18 Sep 2017 15:37:39

Together with the sale of Paragard, Teva will realize $2.48 billion for repayment of loan debt.

Magal sees North American revival

Mon, 18 Sep 2017 14:53:45

The company has received orders totaling over $5 million to provide security solutions for correctional facilities.

Shlomo Eliahu raises NIS 1.3b in bond offering

Mon, 18 Sep 2017 13:40:12

The interest rate on the bond, which will not be marketable, was set at 3.8%, well below the maximum.

Mexico deploys Aeronautics unmanned aerial system

Sun, 17 Sep 2017 19:55:42

The system was supplied by Mexico’s Balam Security.

Collplant receives first order for biological ink

Sun, 17 Sep 2017 19:42:56

The ink is designed for 3D printing of organs and tissues for healing wounds.

Securities Authority close to concluding Bezeq probe

Sun, 17 Sep 2017 19:38:04

The case will shortly be handed over to the State Attorney for a decision on whether to file indictments.

Teva using less water, producing less garbage

Sun, 17 Sep 2017 19:01:41

Teva's 2016 social impact report shows women doing well in lower management but under-represented in the most senior posts.

Meitav Dash acquiring Bank of Jerusalem TASE subsidiary

Sun, 17 Sep 2017 18:40:02

The prospective merger will reduce the number of TASE members to 22.

BoI: Low interest rate not to blame for home prices

Sun, 17 Sep 2017 18:21:15

A Bank of Israel study finds that a 1% change in the interest rate causes only a 1.1% change in real housing prices.

Joint Cornell, Technion campus opens in New York

Sun, 17 Sep 2017 17:37:48

The New York municipality initiated the campus for training in technology and entrepreneurship.

Shlomit Weiss moves from Intel to Mellanox

Sun, 17 Sep 2017 19:43:54

Weiss will replace Mellanox co-founder Alon Webman at the head of Mellanox's silicon engineering team.

As control battle continues, ADO buys in Berlin

Sun, 17 Sep 2017 17:10:40

The company bought 1,298 housing units and 60 commercial units in Berlin for NIS 885 million.

Ethernity Networks improves profitability

Sun, 17 Sep 2017 16:04:34

In its first financials as a public company, Ethernity reported a steep rise in gross margins, but financing costs weighed on net profit.

Bezeq to support 8200 Social Program

Sun, 17 Sep 2017 14:09:47

Bezeq will give each startup in the social technology accelerator communications services worth NIS 1,000 a month.

New funds open high-tech investment to Israeli public

Sun, 17 Sep 2017 13:09:37

Four TASE-listed funds for investing in high-tech companies are the first stage in a new state-sponsored program.

CPI up 0.3% in August

Sun, 17 Sep 2017 10:16:03

The reading is in line with market expectations. Housing prices maintained their upward momentum. 

Treasury to cancel customs duty on baby-care products

Sun, 17 Sep 2017 19:10:09

Imported spectacles and contact lenses will also become free of duty.

Israeli gov't to streamline business licensing

Mon, 18 Sep 2017 19:33:09

A business classified as low-risk will be able to obtain a license within 21 days.

Brosh fund acquires 6.2% Kamada stake

Thu, 14 Sep 2017 19:12:50

Kamada's share price has plunged 40% in the past three months, following failure in a drug trial.

Tax Authority sets sights on Israelis' accounts in Germany

Fri, 15 Sep 2017 17:35:43

The Israel Tax Authority has obtained a list of Israelis holding accounts at German banks.

Agriculture Ministry seeks to eliminate milk sector planning

Mon, 18 Sep 2017 18:29:38

The ministry's director general is recommending a free market for milk.

Sirius Int'l buying Delek Group's Phoenix stake in stages

Thu, 14 Sep 2017 18:48:09

The initial purchase is 4.9%. Sirius will buy Delek Group's remaining 47.4% at a later stage subject to regulatory approval. 

Amdocs buys Ra'anana site from Teva

Thu, 14 Sep 2017 16:11:51

Amdocs paid NIS 200 million for the land on which Teva had planned to build its headquarters.

Daimler invests in Israeli fast battery charge co StoreDot

Thu, 14 Sep 2017 15:22:15

Daimler has come in as a strategic investor to accelerate adoption of StoreDot's FlashBattery technology for electric vehicles.

Strauss to sell hummus in Germany

Thu, 14 Sep 2017 14:02:40

Production will be in the Netherlands under the Obela brand owned jointly by Strauss Group and Pepsico.

Tax Authority probing lawyer close to Netanyahu

Thu, 14 Sep 2017 11:18:28

The investigation concerns the lawyer's personal affairs and is not connected to the prime minister or his wife.

Pratt & Whitney vastly expands deal with Bet Shemesh Engines

Thu, 14 Sep 2017 11:56:03

Bet Shemesh Engines' revenue under the agreement first signed last December will rise by $530 million to $640 million.

Super-Pharm in talks on sale of 40% stake

Thu, 14 Sep 2017 10:33:15

Controlling shareholder Leon Koffler is negotiating a sale to an international fund that can assist the Israeli drugstore chain in expanding overseas.

Tahal wins Indian water projects totaling $76m

Wed, 13 Sep 2017 19:31:27

Kardan NV wants to sell Tahal to repay its bondholders.

Supreme Court eases business kashrut rules

Wed, 13 Sep 2017 18:57:22

Businesses can display their standard of kashrut in writing without any Rabbinate certificate.

iPhone 8 to reach Israel in 2 weeks

Wed, 13 Sep 2017 19:01:38

The iPhone X will arrive in December, following the November global launch.

High Court IDF draft ruling provokes haredi anger

Wed, 13 Sep 2017 18:37:31

Among a series of momentous rulings handed down yesterday, Israel's High Court of Justice declared the law exempting yeshiva students from army service unconstitutional.

Police seek documents from Leumi branches

Wed, 13 Sep 2017 18:13:27

Israel Police is conducting an investigation in connection with the tax evasion affair in which Bank Leumi paid a NIS 1.3 billion penalty in the US.

Supreme Court nixes retroactive tax losses

Mon, 18 Sep 2017 14:54:49

Tax expert: The court preferred certainty in tax law to justice for a specific taxpayer.

Cisco chief Chambers: 50% of jobs will soon be irrelevant

Mon, 18 Sep 2017 18:29:29

John Chambers spoke on a panel at a "Leadership and Innovation" conference held to mark the anniversary of the death of Shimon Peres.

Altshuler Shaham to represent BlackRock in Israel

Wed, 13 Sep 2017 16:03:05

Altshuler Shaham: Cooperation will facilitate broader and higher quality exposure to global markets for Israelis.

Strauss markets startup Yofix's vegan yoghurt

Wed, 13 Sep 2017 14:14:05

The startup is currently negotiating with a distributor to the supermarket chains.

Nextchip licenses Ceva platform for ADAS vision system

Wed, 13 Sep 2017 14:06:58

The embedded CEVA-XM4 imaging and vision platform enables Nextchip customers to develop ADAS applications by means of high-level software programming.

Entera Bio raising $10m at $94m valuation

Wed, 13 Sep 2017 13:12:57

Entera is developing a drug for the treatment of osteoporosis.

Menorah Mivtachim to co-invest with Navitas in energy exploration

Mon, 18 Sep 2017 19:24:55

Insurance company Menorah Mivtachim will invest in Navitas Petroleum projects of up to $150 million.

Analysts welcome Teva CEO move

Thu, 14 Sep 2017 19:14:20

One investment bank has upgraded Teva to "Buy" following the appointment of Kåre Schultz.

Justice minister mulls new antitrust court

Wed, 13 Sep 2017 10:12:52

The new court will have more authority than the Restrictive Trade Practices Tribunal.

Israeli housing starts down 24% in Q2

Wed, 13 Sep 2017 10:39:58

Housing starts in July 2016-June 2017 fell everywhere except in the southern and Haifa districts.

Hainan Airways launches Tel Aviv-Shanghai flights

Tue, 12 Sep 2017 17:05:05

The Chinese airline will operate three flights a week.

Fiber-optics venture seeking regulatory concessions

Tue, 12 Sep 2017 13:55:46

IBC wants to deploy infrastructure in only 40% of the country.

Tourist entries to Israel up 20% in August

Tue, 12 Sep 2017 12:55:59

2.3 million tourists entered Israel in January-August 2017, 24% more than the 1.8 million who entered during the corresponding period last year.

Rafael to open Beersheva R&D branch

Wed, 13 Sep 2017 19:44:14

The branch will be in the Advanced Technologies Park adjacent to Ben-Gurion University of the Negev.

Israeli co AdaSky launches infrared smart car sensor

Tue, 12 Sep 2017 12:08:38

The Yokneam-based company's first product Viper is a high-resolution, thermal camera for autonomous vehicles with minimal size, weight and power consumption.

Police question another Steinitz associate

Tue, 12 Sep 2017 09:57:35

The police are also investigating whether people close to Michael Ganor contributed to Yuval Steinitz's primaries campaign.

Benny Landa: Teva board still needs shaking up

Tue, 12 Sep 2017 11:18:23

Activist Teva investor Landa hopes new CEO Kare Schultz will wean the company off generics.

Teva sells Paragard contraceptive to CooperSurgical for $1.1b

Tue, 12 Sep 2017 06:42:08

Teva interim CEO Yitzhak Peterburg: This is an important step towards completing the divestments we have promised our stakeholders.

Sweden's First North market woos Israeli cos

Mon, 11 Sep 2017 20:12:43

Adam Kostyal, Nasdaq senior vice president of listing services Europe tells "Globes" that the First North stock market is a good fit for Israeli companies.

Medtronic to set up Israeli R&D centers

Mon, 11 Sep 2017 19:55:03

The medical equipment firm is opening development centers in Jerusalem and Yokneam in cooperation with the Israel Innovation Authority.

Alon Israel to hold NIS 120m public share offering

Mon, 11 Sep 2017 19:41:44

Existing shareholders Shraga Biran and the kibbutz purchasing organizations will be left with a holding of 13.7%.

High Court deletes Sabbath public transport petition

Mon, 11 Sep 2017 18:29:29

The Justices felt that it was inappropriate to hear the case without a bus operator among the petitioners. 

Ami Appelbaum to be appointed chief scientist

Mon, 11 Sep 2017 18:26:25

Appelbaum is president of KLA Tencor Israel.

Glispa acquires Israeli ad tech co justAd

Mon, 11 Sep 2017 17:10:21

Tel Aviv based justAd has developed a tech platform that allows brands and agencies to easily create, serve and analyze interactive ads.

Ceragon delisting from TASE

Mon, 11 Sep 2017 16:20:44

Rad group companies Radware, Radcom, and Silicom were delisted in previous years.

3 US real estate cos raise NIS 1b in Tel Aviv

Mon, 11 Sep 2017 15:17:53

UIRC, Chosen Properties, and Noble Assets are the latest to issue bonds on the TASE.

IAI unveils naval loitering munitions system

Mon, 11 Sep 2017 16:17:46

HAROP is equipped with tactical UAV capabilities, and high performance seeker with 360° coverage.

US mulls demand for refund of Israel aid

Mon, 11 Sep 2017 14:40:18

The White House's view on the State Department-led initiative is not clear.

Teva chairman Barer: Schultz is ideal for the job

Mon, 11 Sep 2017 16:46:25

Dr. Sol Barer spoke to "Globes" about what Teva CEO-designate Kåre Schultz brings to the company.

Finance Ministry: Housing market slower in July

Mon, 11 Sep 2017 14:47:42

According to the chief economist, there were 16% fewer deals than in June and 9% fewer than in July 2016.

Teva appoints Kare Schultz CEO

Mon, 11 Sep 2017 16:46:58

Schultz is currently CEO of H. Lundbeck. He will be based at Teva's Petah Tikva headquarters. Teva's share price is up sharply.

Another Steinitz associate questioned on submarine affair

Sun, 10 Sep 2017 21:09:07

In addition to a consultant, a relative of the Energy Minister, who was questioned by the police in the submarines affair, another suspect was detained today for questioning under caution.

Gindis to sell TLV Mall stake

Mon, 11 Sep 2017 15:20:05

Gindi Investments 1 Ltd and Moshe and Yigal Gindi are negotiating to sell their combined 50% stake in the mall only 6 months after it has opened.

Economy Ministry slams greed on imported toiletry prices

Wed, 13 Sep 2017 19:00:13

International manufacturers and exclusive importers are selling to Israel at much higher prices than other countries," a ministry report concludes.

Tene raises $410m private equity investment fund

Sun, 10 Sep 2017 17:47:40

The new Israeli fund, Tene's fourth, will focus on manufacturers of industrial exports.

Apartments sold and rented

Sun, 10 Sep 2017 16:29:12

A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Ramat Gan, Ness Ziona, and Beersheva.