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Israel's Business Arena

Last Build Date: Tue, 25 Apr 2017 18:54:31

Copyright: Globes 2017

Delek units to offer 10% of Tamar

Tue, 25 Apr 2017 18:11:20

Delek Drilling and Avner will use the proceeds to issue a dividend to their investors.

Teva CFO Eyal Desheh to step down

Tue, 25 Apr 2017 18:10:03

Desheh's appointment as chairman of Isracard is likely.

Economy Ministry demands importers explain high prices

Tue, 25 Apr 2017 18:13:47

Unilever, Schestowitz, and Diplomat have until mid-May to explain the big gaps between Israeli and overseas toiletries prices.

Israel Chemicals to sell IDE stake

Tue, 25 Apr 2017 18:03:52

Buyers including Clal Insurance are prepared to pay $175 million for ICL's 50% stake in the desalination company. 

Kikar Hamedina plans embroiled in objections

Tue, 25 Apr 2017 18:00:11

It is alleged that cancelation of the tunnel beneath Kikar Hamedina will create unbearable traffic jams.

Cloud security solutions co Twistlock raises $17m

Tue, 25 Apr 2017 16:02:09

Twistlock's unique approach to application security uses machine learning to automatically create and enforce security models.

Israeli HR platform co Hibob raises $17.5m

Tue, 25 Apr 2017 15:33:56

The company, with offices in Tel Aviv and London, has raised $25 million to date.

Rishon officials held for "fictitious events" fraud

Tue, 25 Apr 2017 14:22:23

The fictitious billing allegedly included events for the religious public, such as religious lessons in community centers, and inauguration of a Torah scroll.

Huge demand for Jaffa Port apartments land

Tue, 25 Apr 2017 13:51:30

16 bids were submitted in the tender for the 1.175-acre lot near Mayumana House.

Hapoalim may distribute Isracard as dividend in kind

Tue, 25 Apr 2017 13:02:03

The bank would prefer to sell Isracard, but there is a shortage of buyers.

GamePoint buys Israeli co Luck Genome

Tue, 25 Apr 2017 14:10:00

Dutch game developer GamePoint will pay $12.5 million for the social casino games company, which will become its Israel R&D center.

Institutions stampede Oil Refineries offering despite labor dispute

Tue, 25 Apr 2017 11:53:31

The total debt offering is being expanded to NIS 700 million, and it will be entirely dollar-denominated.

Uncertainties cloud Kahlon's family aid program

Tue, 25 Apr 2017 11:38:35

There are conflicting tax collection forecasts within the Ministry of Finance, as well as constraints on the spending side.

Hapoalim raises dividend rate

Tue, 25 Apr 2017 09:44:02

From the first quarter of 2017, Bank Hapoalim will distribute 40% of its net profit as a dividend, instead of 30% previously.

Israel indicts teenager over US JCC threats

Mon, 24 Apr 2017 20:39:27

The 18 year-old is suspected of extortion, computer offenses, money laundering, carrying an illegal weapon, and more.

Clal Industries in talks to sell Israel Shipyards stake

Mon, 24 Apr 2017 18:36:37

Clal Industries has held 19% of Israel Shipyards' shares for 20 years.

Perrigo lays off 20 in Israel

Tue, 25 Apr 2017 18:39:42

Perrigo, which has 1,150 employees in Israel, is cutting 750 jobs worldwide.

Haifa urban renewal project approved

Mon, 24 Apr 2017 16:14:19

Three 25-floor buildings will replace 74 old apartments in the Neve Daniel neighborhood.

Histadrut calls off public sector strike

Mon, 24 Apr 2017 18:39:42

The Finance Ministry has backed down and agreed that all Israel Broadcasting Authority employees will be taken in by the new corporation.

Chinese workers won't build over Green Line

Mon, 24 Apr 2017 14:24:21

The Foreign Ministry says the 20,000 construction workers will not work over the Green Line for security rather than policy reasons.

TASE rises in line with Europe

Mon, 24 Apr 2017 11:41:27

The results of the first round of the French presidential election have given a boost to financial markets.

Teva launches asthma product with generic version

Mon, 24 Apr 2017 09:52:10

Teva's AirDuo RespiClick and its generic equivalent will compete against GSK's Advair which has annual sales of $2 billion.

Apartments sold and rented

Sun, 23 Apr 2017 16:11:49

A selection of recent real estate deals in Israel including in Tel Aviv, Givatayim, Ramat Gan, Hod Hasharon and Haifa.

Sdema's smart documents sound alarm on theft

Sun, 23 Apr 2017 15:32:47

The Israeli company's system works like the security pins attached to clothing that beep when removing items from stores.

Home sales in Israel fall in February

Sun, 23 Apr 2017 15:22:36

8,800 homes were sold in February, 9% fewer than in January and 7% fewer than in February 2016, the Finance Ministry reports. 

Mortgage rates rise halts

Sun, 23 Apr 2017 15:19:55

The average interest rate on index-linked mortgages fell from 3.93% in March to 3.88% in April.

Drug delivery co SteadyMed raises $30m

Sun, 23 Apr 2017 13:38:11

The company's leading drug candidate is Trevyent for the treatment of Pulmonary Arterial Hypertension (PAH).

Court approves High Q acquisition

Sun, 23 Apr 2017 13:34:29

Global University Systems has undertaken to find an immediate solution for High Q's students and to employ 90% of its workers.

Car radar sensor co Arbe Robotics raises $2.5m

Sun, 23 Apr 2017 12:55:30

The Israeli company's radar facilitates 4D imaging real-time mapping at distances up to 300 meters.

Public sector general strike to begin Tuesday

Sun, 23 Apr 2017 12:26:34

Histadrut chairman Avi Nissenkorn has again threatened a strike  over the public broadcasting controversy.

Fox to set up chain of Nike stores in Canada

Sun, 23 Apr 2017 11:45:49

Nike Canada Corp. has awarded Fox-Wizel unit Retailors a seven-year license.

Teddy Sagi delisting Market Tech from LSE

Sun, 23 Apr 2017 10:07:21

Sagi's privately held LabTech Investments has made an offer at a 30% premium to buy the 29% of Market Tech it does not already own.

Delek takes over Canada's Ithaca Energy

Sun, 23 Apr 2017 12:27:15

Over 70% of Ithaca's other shareholders accepted Delek's offer. Delek will pay about CA$ 470.5 million for their shares.

Kardan NV trying to drum up interest in Tahal

Thu, 20 Apr 2017 21:27:25

Kardan NV initially sought a €200 million valuation for its engineering subsidiary, but it mat have to settle for €100 million or less.  

MannKind restructures debt to Deerfield

Thu, 20 Apr 2017 20:47:38

Since listing in Tel Aviv in 2015, US pharmaceuticals company MannKind has lost 95% of its value.

BoI: Growth may have accelerated in Q1

Thu, 20 Apr 2017 18:05:50

The Bank of Israel Monetary Committee gave a generally optimistic assessment of the economy in its interest rate discussion for April. 

Teddy Sagi buys 2 Herzliya penthouses

Thu, 20 Apr 2017 17:20:59

The pair of apartments in the Ritz-Carlton hotel will cost the Israeli billionaire NIS 32 million.

Measure to fit co Invertex raises $2m

Thu, 20 Apr 2017 17:04:23

The Israeli company provides scan-to-fit guided shopping experience platforms that combine advanced 3D-digitization and deep-learning technologies.

Xfone 018 becomes Israel's 6th mobile operator

Thu, 20 Apr 2017 16:11:42

Hezi Bezalel: The model allowing us to share Cellcom's network has enabled us to enter the market.

Bank of Israel backs Kahlon's tax cuts

Thu, 20 Apr 2017 13:49:30

However, the Bank of Israel is concerned that the cost will require the government to find extra funding sources.

SAS to launch Stockholm - Eilat route

Thu, 20 Apr 2017 13:05:40

Scandinavian Airlines will fly to Israel's Red Sea resort from October.

Triple C offers NIS 50 Internet TV package

Thu, 20 Apr 2017 15:48:56

The Israeli smart TV company is also offering TV, ISP and infrastructure services for NIS 100 per month.

NASA launches Israeli students' research satellite

Thu, 20 Apr 2017 11:28:20

Duchifat-2, developed by 180 high school students, will measure the plasma density of the thermosphere.

Armenia Aircompany launches Tel Aviv flights

Thu, 20 Apr 2017 10:57:40

Ural Airways has also launched a new route between Tel Aviv and the southern Russian resort of Sochi.

Mizrahi to be 2nd biggest bank in branch terms

Thu, 20 Apr 2017 14:08:09

Streamlining plans show that Mizrahi Tefahot is set to surpass Leumi and Discount Bank.

Supreme Court upholds CNR TA light rail car win

Thu, 20 Apr 2017 08:40:36

France's Alstom and Spain's CAF who appealed the decision, will have to pay NIS 75,000 each in court costs.

Kahlon cancels import taxes on smartphones

Thu, 20 Apr 2017 06:49:32

From next Sunday, mobile phones will cost hundreds of shekels less.

IAI mulls teaming with China's AVIC on exec jets

Thu, 20 Apr 2017 06:25:19

Aviation Industry Corporation of China is the country's largest defense and aerospace company.

High Court rules Tel Aviv stores can open Sabbath

Wed, 19 Apr 2017 19:46:57

Supermarkets, entertainment centers, and pharmacies will be allowed to operate in Tel Aviv from Friday sunset to Saturday sunset.

3 Chinese cos bid to operate TA light rail

Wed, 19 Apr 2017 19:35:23

All the Chinese companies are government owned and part of consortiums with Israeli companies. 

BioLight to sell IOPtima to Chinese co

Wed, 19 Apr 2017 19:06:34

BioLight will sell its stake in IOPtima in installments at a company value of $30-56 million.

Israeli co MeMed wins $9.2m Pentagon contract

Wed, 19 Apr 2017 19:03:24

MeMed accurately distinguishes between bacterial and viral infections based on the patient immune response.

Israeli cloud security co Dome9 raises $16.5m

Wed, 19 Apr 2017 17:32:32

Japan's Softbank led the investment in the Tel Aviv based company and it will distribute products in Japan.

Haim Katz could be questioned in IAI bribery probe

Wed, 19 Apr 2017 15:20:45

Israel Police have sought approval from Attorney General Dr. Avichai Mandelblit to question under caution Welfare Minister Haim Katz.

Kahlon: No coalition anger on tax cuts

Wed, 19 Apr 2017 12:19:21

The Finance Minister believes his program to lower the cost of living will be passed "as is" even though he did not consult with the Prime Minister.

Shekel loses more ground

Wed, 19 Apr 2017 12:12:34

The shekel fell 1.4% against sterling after UK Prime Minister Theresa May called a snap election.

Israeli startup improves beer with online data

Wed, 19 Apr 2017 11:31:46

WeissBeerger is bringing high-tech to the local bar with its unique Internet brew.

212 Jerusalem homes to be built over green line

Wed, 19 Apr 2017 09:58:51

The homes will be built in the East Jerusalem neighborhoods of Pisgat Zeev and Ramat Shlomo, Army Radio reports.

Permira Fund prepares Netafim IPO

Wed, 19 Apr 2017 07:53:06

Permira wants to offload its 66% stake in the Israeli irrigation developer at a company value of $1.5 billion.

Kahlon tax cuts rile Likud

Wed, 19 Apr 2017 07:06:01

Political circles believe that the Finance Minister did not coordinate details of the plan with Prime Minister Benjamin Netanyahu.

SeatGeek buys Israeli ticketing co TopTix for $56m

Wed, 19 Apr 2017 19:05:47

TopTix, which processes 80 million tickets annually in 16 countries, will continue operating in Israel.

Delta signs Calvin Klein licensing deal

Sun, 23 Apr 2017 11:45:22

The five year deal is to develop, produce and distribute boys and girls underwear, sleepwear and socks for the brand.

Only Chinese operators to bid for TA light rail

Tue, 18 Apr 2017 18:40:10

German and French railways companies Deutsche Bahn and SNCF have decided not to bid for the Red Line.

Moshe Kahlon unveils tax cut plan

Tue, 18 Apr 2017 17:33:26

The Minister of Finance's tax cuts are aimed at lowering Israel's cost of living for the middle class.

Apartments sold and rented

Tue, 18 Apr 2017 16:38:52

A selection of recent real estate deals including in Jerusalem, Tel Aviv, Ramat Gan, Hod Hasharon and Beersheva.

Xfone 018 set to receive mobile phone license

Thu, 20 Apr 2017 17:30:40

Xfone, owned by Hezi Bezalel, will become Israel's sixth mobile phone operator.

32-floor Jaffa high-rise approved

Tue, 18 Apr 2017 12:45:14

The mixed purpose building includes residential, office and commercial space.

Israeli MRI co Aspect Imaging raises $30m

Tue, 18 Apr 2017 11:50:15

The relatively small size of Aspect’s MRI technology platform enables systems to be placed at the Point-of-Care.

Police arrest 28 from "Peles" newspaper in extortion probe

Tue, 18 Apr 2017 14:04:21

The people arrested are suspected of being ringleaders of a campaign of harassment and extortion to make companies advertise in the newspaper.

Histadrut calls public sector strike for next Tuesday

Tue, 18 Apr 2017 10:16:08

Histadrut chairman Avi Nissenkorn: Either a fair solution is found for public broadcasting workers, or there is a strike.