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Israel's Business Arena

Last Build Date: Tue, 25 Oct 2016 19:26:48

Copyright: Globes 2016

Moti Ben-Moshe plans buying Africa-Israel

Tue, 25 Oct 2016 19:12:56

The bid includes a NIS 700 million capital injection and a NIS 400-450 million debt write-off.

Work begins on drilling new well for Tamar gas field

Tue, 25 Oct 2016 17:26:50

The Atwood Advantage is drilling offshore from Israel, 100 kilometers west of Haifa, to increase gas production.

Plasson buys Brazilian egg equipment co

Tue, 25 Oct 2016 16:17:01

The Kibbutz Maagan Michael plastics company bought 70% of ATI's shares for NIS 45 million.

Plus500 reports strong Q3 results and more clients

Tue, 25 Oct 2016 16:16:01

In the first nine months of 2016, the Israeli online CFD trading company's revenue was $236.3 million, 14% up from the corresponding period.

Histadrut declares Egged strike starting November 7

Tue, 25 Oct 2016 16:14:01

The strike follows the government's refusal to renew an agreement with the bus company.

Israeli co Change launches overdraft alert

Tue, 25 Oct 2016 16:13:00

The Caesarea based startup has also unveiled its machine learning platform that uses behavioral economics to actively teach people better spending habits.

Israeli co Inokim unveils cutting edge electric scooter

Tue, 25 Oct 2016 15:52:01

The Quick 3 can go 30 kilometers without recharging, has an anti-theft mechanism and folds in 3 seconds.

Pluristem raises $30m from Chinese investors

Tue, 25 Oct 2016 15:31:00

Innovative Medical Management Co. Ltd. has bought a 17% stake in the Israeli placenta-based cell therapy products developer.

Liberman offers Gaza carrots and sticks

Tue, 25 Oct 2016 13:23:01

The Minister of Defense told "Al Quds" Israel would destroy Gaza if it continues fighting or rebuild it, if it stops firing rockets and digging tunnels.

CollPlant files to raise $25m on Wall Street

Tue, 25 Oct 2016 12:44:16

The Israeli tissue repair developer plans listing on Nasdaq.

Teva back where Vigodman started

Tue, 25 Oct 2016 12:36:32

Since becoming CEO, Erez Vigodman has seen Teva's share price climb 40%, and slide all the way down again, but the sell-off may have been overdone. 

Israeli Internet-of-Things co PointGrab raises $7m

Tue, 25 Oct 2016 11:50:01

Philips and Mitsubishi have invested in the Hod Hasharon startup, which has developed sensor technology for smart buildings.

FDA accepts Teva new drug resubmission

Tue, 25 Oct 2016 09:41:24

The US Food and Drug Administration has accepted the resubmission of the New Drug Application for SD-809 for the treatment of chorea associated with Huntington disease. 

Proofpoint buys cloud security co FireLayers

Tue, 25 Oct 2016 17:40:00

FireLayers's Herzliya office will become US cyber security company Proofpoint's Israel development center.

Israel's NG Solutions signs GSK child formula deal

Thu, 20 Oct 2016 15:22:00

The formula to enhance height and weight in pre pubertal children developed by the Schneider Children's Medical Center will be marketed as Horlicks Growth +.

151 cos seek state aid in employing haredim, Arabs

Thu, 20 Oct 2016 21:16:33

Investment Promotion Center: The huge response from companies for state aid in paying salaries for these population groups is unprecedented.

Medallia acquires Israeli SaaS co Kampyle

Thu, 20 Oct 2016 15:07:00

Medallia’s data analytics platform will be combined with Kampyle’s web and mobile feedback capture capabilities.

TAU's Steinhardt Natural History Museum opens March

Thu, 20 Oct 2016 13:24:00

The 8,000-sq.m. building will be the largest center in Israel for biodiversity research, education and conservation.

HearMeOut files to raise A$5.5m on Australian bourse

Thu, 20 Oct 2016 21:23:11

There is strong demand for the planned ASX IPO of the Israeli voice-based social networking startup, "The Australian" reports.

Shekel still losing ground

Thu, 20 Oct 2016 10:15:01

FXCM Israel: The increased lead in the polls that Hillary Clinton holds over Donald Trump is strengthening sentiment towards the dollar.

US fines Leumi for unlicensed brokerage services

Wed, 19 Oct 2016 18:00:01

Bank Leumi's $1.6 million fine completes the US investigations against it, which cost more than $400 million in fines.

Turkish hotels offer Israelis bargain basement prices

Wed, 19 Oct 2016 17:22:01

A 4-star hotel overnight in Anatolia is being offered for NIS 96 while weekend flights are just $100 return.

Alex Shnaider buys joint control of Mishorim

Wed, 19 Oct 2016 17:05:01

The Canadian billionaire businessman will own 37% of the company, the same as current controlling shareholder Gil Blutrich.

Ortam Sahar requests stay-of-proceedings

Wed, 19 Oct 2016 15:31:01

The Israeli construction company has turned to the courts after acquisition talks by the Leo Noe Group broke down.

OECD report: PM boasts on satisfaction, ignores poverty

Wed, 19 Oct 2016 15:24:01

Prime Minister Benjamin Netanyahu exulted in life satisfaction figures, while overlooking that Israel has the highest percentage of people below the poverty line.

Israeli depth sensor co Oryx Vision raises $17m

Wed, 19 Oct 2016 14:54:00

The Petah Tikva based startup has developed nano antennas that receive light waves that act as depth sensors for autonomous cars.

IDB plans NIS 250m bond offering

Wed, 19 Oct 2016 14:09:01

The company is expected to offer a new bond series guaranteed by a lien on Discount Investment shares.

Parks Authority cuts entrance fees after class action suit

Wed, 19 Oct 2016 13:26:01

The Israel Nature and Parks Authority admits to overcharging after a lawsuit that also claims eligible populations were denied discounts.

Delek US moves to buy Alon USA

Wed, 19 Oct 2016 21:28:00

Delek has offered to buy the remaining shares of its subsidiary for $533 million, an 11% discount on the market price.

CollPlant awarded CE Mark for Tendinopathy treatment

Wed, 19 Oct 2016 13:44:00

Earlier this year, the Israeli tissue repair company also received a CE Mark for VergenixFG for the treatment of chronic and surgical wounds.

Israeli AI startup raises $6.3m

Wed, 19 Oct 2016 10:27:49

The Tel Aviv company combines AI, data analytics, and natural language processing to unite sales conversations into a single dashboard and help close deals.

Shekel weakens amid US rate hike expectations

Thu, 20 Oct 2016 09:58:00

FXCM Israel: With US inflation at its highest since 2014, expectations of a Fed rate hike in December are strengthening.

Fattal to build 500-room Amsterdam hotel

Tue, 18 Oct 2016 18:42:00

The Israeli hotel company plans completing construction of the Dutch hotel in November 2018.

Israel Railways CEO steps down

Tue, 18 Oct 2016 17:53:53

During Boaz Tzafrir's five years at the head of Israel Railways, the number of passengers rose 70%.

Court orders El Al to pay Israelis for delayed flights

Tue, 18 Oct 2016 17:28:01

A German court has ruled that Israeli passengers must be compensated for flights delayed by three hours or more.

"Chinese investment in Israeli tech is just beginning"

Tue, 18 Oct 2016 16:17:00

China Galaxy Investment Management president Wang Xuejun seeks to expand Israeli-Chinese cooperation.

Matomy appoints RBC as financial adviser

Tue, 18 Oct 2016 15:22:33

The Israeli digital ad company is examining strategic alternatives.

Somoto issues strong Q4 guidance

Tue, 18 Oct 2016 14:46:00

The Israeli monetization software company's share price has soared 140% over the past year.

Allergan to use UroGen system for Botox delivery

Thu, 20 Oct 2016 16:45:05

Allergan will pay the Israeli company $17.5 million, in addition to milestones and further royalties.

Ham-Let buys Norwegian co Norvalves

Thu, 20 Oct 2016 16:44:32

The company manufactures and markets valves and fittings for the North Sea oil and gas industry.

FDA suspends Teva, Regeneron back pain trial

Tue, 18 Oct 2016 12:03:00

This latest development comes less than a month after Teva paid Regeneron $250 million for the half the rights of fasinumab.

Israeli mortgage rates rise further

Tue, 18 Oct 2016 11:41:27

Israeli banks are no longer competing strongly for mortgage business.

US seen removing spy stigma from Israeli tech cos

Tue, 18 Oct 2016 11:43:26

US Department of Homeland Security officials are coming to Israel to discuss including Israeli cybersecurity companies in federal tenders.

Israel's CPI fell 0.1% in September

Fri, 14 Oct 2016 16:32:00

Negative inflation continues as the Consumer Price Index has fallen 0.4% over the past 12 months.

Energy Ministry mulls gas-to-liquid facility

Thu, 13 Oct 2016 22:10:11

The ministry will support feasibility tests for a plant in Israel to produce transport fuels from natural gas.

Tahal wins $370m agriculture contract in Angola

Thu, 13 Oct 2016 20:51:21

The deal to operate the agricultural development project it built is the largest in the history of Kardan NV subsidiary Tahal.

Airbus chooses Stratasys material for flight parts

Thu, 13 Oct 2016 22:08:06

Airbus has standardized on Stratasys's ULTEM 9085 3D printing material for the production of flight parts for its A350 XWB aircraft.

Ratio closing financing for Leviathan development

Thu, 13 Oct 2016 19:39:25

Ratio is to provide $600 million of the $3.5-4 billion needed to develop the Leviathan natural gas reservoir.

Restaurant supply co SimpleOrder raises $2.75m

Thu, 13 Oct 2016 18:07:31

The Israeli startup's SimpleOrder Automatic Inventory solution digitizes and streamlines restaurants’ entire Back-to Front operations.

New home sales hit two-year low

Thu, 13 Oct 2016 16:19:01

The 2,142 units sold in Israel in August was the fewest since October 2014.

iPhone 7 on sale in Israel from next Thursday

Thu, 13 Oct 2016 15:59:01

The new phone will be available in four different versions and a variety of colors starting from NIS 3,800.

Two investment funds join race for Imperva - report

Thu, 13 Oct 2016 16:10:00

Thoma Bravo and Silver Lake private equity funds as well as Cisco and IBM are interested in buying the data security company, "Bloomberg" reports.

Egged postpones bus strike until after holidays

Thu, 13 Oct 2016 14:57:01

The dispute mainly concerns the amount of the subsidy for Egged and the streamlining measures to be taken by the company.

Israel's Q2 growth again revised upwards

Thu, 13 Oct 2016 14:19:00

The Israeli economy grew at 4.2% in the second quarter and 3.2% in the first half of 2016, the Central Bureau of Statistics reports.

Teddy Sagi buys Holborn Links for $366m

Thu, 13 Oct 2016 14:04:59

The Israeli billionaire has bought four acres of London buildings between Soho and Covent Garden.

Shekel at weakest against dollar since August

Thu, 13 Oct 2016 10:59:00

FXCM Israel: Breaking above NIS 3.80/$ has provided momentum to push the shekel-dollar exchange rate upwards.

Teva launches generic oral contraceptive

Thu, 13 Oct 2016 09:54:41

Rajani is a generic equivalent of Beyaz, which has annual sales of $133 million in the US.

Frutarom acquires Brazilian co Nardi Aromas

Thu, 13 Oct 2016 09:32:49

This is the Israeli flavors company's seventh acquisition in 2016.

Israelis arrested over Panama Papers named

Mon, 10 Oct 2016 19:12:01

Two Israeli businessmen have been arrested for unreported profits totaling millions of shekels from companies in tax shelters.

Israel Railways issues electric car depot tender

Mon, 10 Oct 2016 19:13:01

This 9,300 square meter depot, the first of its kind in Israel, is the first step in the railway electrification program.

TASE chaos as interim CEO quits

Thu, 13 Oct 2016 07:51:00

Gal Landau-Yaari has resigned due to strained relations with chairman Amnon Neubach.

Jordan reports lower figures on Leviathan deal

Mon, 10 Oct 2016 17:28:01

A senior Jordanian official told "Ad-Dustour" that JEPCO is buying only 75% of the gas volume reported by the Leviathan partners.

Nano Dimension spins off bio-printing unit

Tue, 18 Oct 2016 14:14:39

The Israeli company has achieved a successful proof of concept for 3D printing of bio-ink containing stem cells.

Jezreel Valley Railway to open during Sukkot holiday

Mon, 10 Oct 2016 16:34:05

Final permits have been granted to the new stations on the line. 

Cofix opens first Moscow cafe

Mon, 10 Oct 2016 15:52:12

The Israeli cafe chain will charge 50 rubles for items in Russia, less than half the price charged by Starbucks.

Israelis claim Cyprus gas exploration tender unfair

Mon, 10 Oct 2016 15:46:39

Israeli investors in C.O. Cyprus Opportunity say it should have been awarded the license for Block 8 in Cypriot waters.

Sydney to host Israeli assistive technology delegation

Mon, 10 Oct 2016 18:36:00

The startup companies will meet with government officials, investors and potential partners, to discuss solutions for people with disabilities.

Sapiens wins €10m contract with Danish insurance firm

Mon, 10 Oct 2016 15:19:33

Denmark's LB Group has selected the Sapiens IDIT Insurance Suite as its new core insurance system.

Osem destroys 10,000 containers of Materna

Mon, 10 Oct 2016 14:58:01

The containers are being destroyed after metal shards were found in the infant formula; Osem did not notify the public.

Foreigners sell off Israeli securities

Mon, 10 Oct 2016 14:48:01

In the second quarter, foreigners sold Israeli bonds and securities totaling $1.5 billion, while Israelis decreased investments abroad.

Jews from abroad buying fewer homes in Israel

Mon, 10 Oct 2016 14:01:50

A stronger shekel, heavy taxation and high prices have brought real estate purchases by non-residents to a new low.

Yaron Gazit, Amnon Dick join race for Golan Telecom

Mon, 10 Oct 2016 10:40:39

 Gazit is one of Israel's largest cigarette importers, while Dick is a former CEO of Bezeq.

FIMI buys ingredients co Galam

Mon, 10 Oct 2016 10:08:49

Private equity firm FIMI is paying NIS 290 million to buy Galam from Kibbutz Ma'anit and the Bereshit fund.

Zim, Qoros drag Idan Ofer's Kenon to losses

Sun, 09 Oct 2016 21:16:01

Kenon Holdings had to write off $72 million for shipping co Zim and $129 million for Chinese carmaker Qoros.

Azorim to build 350 new Netanya homes

Sun, 09 Oct 2016 18:11:01

Azorim and Netanya Urban Renewal will replace 72 old apartments with 350 homes in four high-rise buildings.

Israel's tax collection surplus beats predictions

Mon, 10 Oct 2016 14:44:00

Tax collection rose in September, as the surplus over forecasts for 2016 hit NIS 5.8 billion, the Finance Ministry reports.

Israel Chemicals to sell, leaseback Beersheva land

Sun, 09 Oct 2016 16:48:01

Due to financial constraints, ICL prefers to let an income-producing company build its new Negev headquarters.

Israel's average monthly salary moves above NIS 10,000

Sun, 09 Oct 2016 16:00:01

The biggest rise in salaries has been in high tech and real estate, the Central Bureau of Statistics reports.

Apartments sold and rented

Sun, 09 Oct 2016 14:14:26

A selection of recent real estate deals in Israel including in Tel Aviv, Kfar Saba, Jerusalem and Mevasseret Zion.

Shikun & Binui sells solar projects in Spain

Sun, 09 Oct 2016 13:33:01

Shikun & Binui Renewable Energy sold holdings co-owned with Sunflower for €45 million

2 killed in Jerusalem terror attack

Sun, 09 Oct 2016 12:50:00

The terrorist was killed after firing at passersby, murdering 2 and injuring 6, in three different locations near Givat Hatachmoshet.

Flug: Slow global demand our biggest worry

Sun, 09 Oct 2016 12:29:07

Governor of the Bank of Israel Karnit Flug told CNN's Richard Quest that she did not see a need for negative interest rates in Israel.

Israeli, Turkish energy ministers to meet

Sun, 09 Oct 2016 12:59:41

Yuval Steinitz and Berat Albayrak will discuss "the export of gas from Israel to Turkey, and cooperation on energy matters."

Kahlon: Without multi-home tax there will be no coalition

Sun, 09 Oct 2016 10:02:13

Minister of Finance Moshe Kahlon told the heads of the other coalition parties that he would not make substantial changes to the new tax.