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Israel's Business Arena

Last Build Date: Mon, 16 Jan 2017 11:52:22

Copyright: Globes 2017

Tax Authority probing US accounts held by Israelis

Mon, 16 Jan 2017 11:50:43

The US Internal Revenue Service has given the Israel Tax Authority data on over 35,000 Israelis with US bank accounts.

Netanyahu: Media campaigning to topple me

Mon, 16 Jan 2017 10:57:33

The prime minister says biased reporting is intended to pressure the Attorney General into indicting him. 

Shekel opens mixed

Mon, 16 Jan 2017 10:10:19

FXCM Israel: The "Trump effect" on the US dollar seems to have passed. 

Judge slams receivers, delays "Globes" sale

Sun, 15 Jan 2017 19:31:10

Judge Eitan Orenstein had harsh words for the conduct of Advs. Eyal Rosovsky and Ronen Matry and says he does not have the authority to approve the sale of the newspaper to David Davidovich.

Negative inflation in 2016 for third consecutive year

Sun, 15 Jan 2017 19:02:50

With the CPI unchanged in December, Israel again recorded negative inflation. Home prices rose 8.1% over the past year.

Israeli co "reinvents internal combustion engine"

Mon, 16 Jan 2017 09:27:48

Aquarius Engines, which wants to raise $25 million, says its engine will double the best energy utilization figure for a standard engine.

Attempts to smuggle goods into Gaza up 165%

Sun, 15 Jan 2017 18:08:44

New devices to detect smuggling have been installed at the border crossings.

Apartments sold and rented

Sun, 15 Jan 2017 16:21:31

A selection of recent real estate deals in Israel including in Tel Aviv, Ra'anana, Ramat Gan, Arad and Beer Sheva.

PM trades over hostile journalists in new leaks

Sun, 15 Jan 2017 14:18:02

In the latest transcripts published by Channel 2, Benjamin Netanyahu complains to Yediot Ahronot publisher Noni Mozes about specific journalists who are hostile to him.

Viacom buys stake in Israel's Ananey Group

Sun, 15 Jan 2017 13:31:32

The US media corporation has an option to buy a controlling stake in Ananey which develops TV formats and programs.

CreditEase raises 2nd Israel investment fund

Sun, 15 Jan 2017 13:13:36

China's CreditEase Wealth Management has now raised $62.2 million in its two Israeli startup investment funds.

Power electronics co VisIC raises $11.6m

Sun, 15 Jan 2017 12:28:55

The Israeli startup has developed efficient power electronics based on Gallium Nitride (GaN) semiconductors.

El Al pilots hint at further disruptions

Sun, 15 Jan 2017 12:10:22

The El Al Pilots Committee is protesting management's decision to put pilot instructors over 65 on forced leave.

Teva loses challenge to Eli Lilly cancer drug patent

Sun, 15 Jan 2017 10:37:13

The US Federal Court of Appeals upheld a lower court's decision on cancer treatment Alimta. 

US knowledge commercialization co to invest in Israel

Thu, 12 Jan 2017 21:48:15

NRS H&W will invest $30 million in three years through the Volcani Center.

Kahlon: Billions in foreign high-tech investment on the way

Thu, 12 Jan 2017 21:42:27

Minister of Finance Moshe Kahlon told the Manufacturers Association conference that Israel's tax reforms were attracting overseas companies.

"Forbes": Trump a nightmare for pharma industry

Thu, 12 Jan 2017 20:26:16

Meanwhile, Teva CEO Erez Vigodman has been explaining why the company's 2016-2017 forecasts were so wide of the mark.

SimilarWeb seeking to raise $30m

Thu, 12 Jan 2017 17:55:16

The company wants to follow the financing round with a public offering.

Israel's high-tech exports down 7% in 2016

Thu, 12 Jan 2017 21:42:41

High-tech exports accounted for 49% of all Israel's exports of goods last year.

Glucose monitoring co DarioHealth raises $5.1m

Sun, 15 Jan 2017 12:12:55

The Jerusalem based company has developed a blood glucose monitoring platform.

As Teva tumbles, UBS cuts target price

Thu, 12 Jan 2017 19:07:41

As its share price continues to fall, UBS analyst Marc Goodman has lowered the Israeli pharmaceutical company's target price by $7.

Sara Netanyahu questioned in gifts probe

Thu, 12 Jan 2017 13:30:10

The prime minister is suspected of accepting valuable gifts from two businessmen.

Flug: Expansionism doesn't work for long-term

Thu, 12 Jan 2017 12:51:06

The Governor of the Bank of Israel expressed concern about the global economy, world trade, and low productivity in Israel.

Electra Consumer Products CEO questioned on insider trading

Thu, 12 Jan 2017 12:08:07

Israel Securities Authority investigators raided the company offices and seized documents.

Authentication co Transmit Security raises $40m

Thu, 12 Jan 2017 11:24:11

The Israel company, financed by founders Mickey Boodaei and Rakesh Loonkar, has unveiled a platform to disrupt the authentication software market.

Trump comments boost shekel against dollar

Thu, 12 Jan 2017 11:39:13

FXCM Israel: The dollar has weakened on markets worldwide after the President-elect failed to give details on his economic policies.

Uzi Landau approved as Rafael chairman

Thu, 12 Jan 2017 08:47:18

Defense Minister Avigdor Liberman has been promoting members of his Yisrael Beitenu party as chairman of government defense companies.

Gett to deliver post office registered mail

Wed, 11 Jan 2017 20:55:57

For a fee, Gett couriers will deliver items up to two kilograms using taxis, motor scooters, and electric bicycles.

IDF to upgrade truck fleet for NIS 200m

Wed, 11 Jan 2017 20:53:10

200 Oshkosh trucks from the US will be delivered to the IDF by mid-2018.

Amazon takes option to invest in Kornit

Mon, 16 Jan 2017 10:13:43

Amazon will receive an option to invest up to $38 million in Kornit Digital, the leader in the online personalized clothing market.

Kuang-Chi sets up Israel innovation HQ

Wed, 11 Jan 2017 17:49:58

The Chinese Group has also set up a new $250 million fund that will have a major focus on Israel.

Israeli bond issues in Europe set to reach €2.5b

Wed, 11 Jan 2017 21:06:19

The interest rate on the Israel government bonds is likely to be less than 2.83%.

Israeli gov't revenues from cars, fuel soar

Wed, 11 Jan 2017 16:23:42

Overall revenues from fuel, cars and related taxes reached NIS 40 billion in 2016.

Phone camera co Corephotonics raises $15m

Wed, 11 Jan 2017 14:53:34

Samsung Ventures, Foxconn and Mediatek led the latest investment in the Israeli company.

Energean opts for floating gas terminal

Wed, 11 Jan 2017 14:32:04

The Greek energy company will produce gas by 2020 from the Karish and Tanin fields using the FPSO method.

Rivulis Irrigation buys Greek co Eurodrip

Wed, 11 Jan 2017 12:36:38

The Israeli company, controlled by FIMI and based at Kibbutz Gvat, is now the world's second largest irrigation systems manufacturer.

Air Transat to launch Tel Aviv - Montreal flights

Wed, 11 Jan 2017 11:12:09

The Canadian carrier will begin twice weekly flights in June.

Hanegbi: Slow Internet threatens high-tech status

Wed, 11 Jan 2017 10:19:07

The Minister responsible for Bezeq told "Bloomberg" that he backs Bezeq to complete Israel's fiber-optic network even if it compromises telco competition.

Woman soccer club owner wins marketing award

Tue, 10 Jan 2017 19:08:56

The Israel Marketing Association says Alona Barkat has built a strong brand in Hapoel Beersheva as well as the country's soccer champions.

Maabarot buys stake in French seaweed co

Tue, 10 Jan 2017 19:14:07

Algaia is developing raw materials produced from seaweed.

Teva refutes Landa's "inexperienced board" charges

Tue, 10 Jan 2017 19:09:27

Teva insists that the board of directors has expertise in pharma, finance, and operations.

BoI suspends Hapoalim sexual harassment probe

Tue, 10 Jan 2017 17:27:58

The Bank of Israel will wait until after the police completes its investigation.

Apax buys Ten gas station chain

Thu, 12 Jan 2017 17:13:34

Bank Leumi acquired the shares in Israel's fifth largest gas station chain when Eliezer Fishman went bankrupt.

Mevasseret tunnels to open next week

Wed, 11 Jan 2017 12:45:47

Two 800 meter tunnels will replace the steep climb to the Castel on the Tel Aviv - Jerusalem highway.

New home sales down 7% in 2016

Tue, 10 Jan 2017 16:30:16

The Central Bureau of Statistics reported that the number of unsold homes held by contractors increased again in November.

Israeli flash storage co Kaminario raises $75m

Tue, 10 Jan 2017 15:32:51

This latest financing means that the startup could be Israel's newest unicorn with a company value exceeding $1 billion.

Plus500 extends Atletico Madrid sponsorship deal

Tue, 10 Jan 2017 13:09:07

The Israeli online broker will be the shirt sponsor of the Spanish team through the 2017/2018 season.

IVC-ZAG: Israeli startups raise record $4.8b in 2016

Tue, 10 Jan 2017 12:37:46

However, the amount raised in the fourth quarter was down 8% from the corresponding quarter of 2015.

Shekel strengthens against dollar

Tue, 10 Jan 2017 11:54:37

FXCM Israel: We are likely to see the shekel-dollar exchange rate continue to tread water in the NIS 3.80-3.90/$ band.

NTA chief insists Red Line will be launched on time

Tue, 10 Jan 2017 10:47:45

Yehuda Bar-On, in charge of the Tel Aviv light rail project, said the 2021 start date would be met whatever happened to the systems tender.

Benny Landa slams Teva's conduct

Mon, 09 Jan 2017 19:02:40

The activist shareholder and digital printing pioneer says Teva needs either a board or a CEO with pharma experience. 

Ceva announces record revenue

Mon, 09 Jan 2017 17:59:44

Fourth quarter revenue was $21.2 million, ahead of its forecast and 32% more than in the fourth quarter of 2015.

Two more Tel Aviv light rail lines approved

Mon, 09 Jan 2017 18:13:23

The Purple Line and Green Line are planned to be operative by 2030.

Tourism to Israel up 3.6% in 2016

Mon, 09 Jan 2017 17:31:32

Incoming tourism set an all-time record in September-December 2016.

Credit card use continues growing

Mon, 09 Jan 2017 16:00:53

The number of credit card terminals in Israel has risen by 27% to 150,100 over the past four years

Microsoft, Qualcomm invest in Team8

Mon, 09 Jan 2017 17:36:01

The Israeli cyber security think tank has also signed a strategic partnership with Citigroup and has now raised $92 million.

Bank of Israel: Home prices still rising

Mon, 09 Jan 2017 15:19:38

Despite the slowdown in transactions and lower mortgage taking, home prices are rising at a high rate.

1st Fortissimo sale at 1,000% profit

Mon, 09 Jan 2017 21:09:59

The investment fund will sell some of its holdings in Kornit to improve its liquidity and boost trading in the share.

Poll shows Israeli opposition parties drawing level

Mon, 09 Jan 2017 13:21:50

Geocartography CEO Avi Degani: The low result for Likud almost certainly stems from the police investigations of Netanyahu. 

Israeli software lets surgeons practise on you in 3D

Mon, 09 Jan 2017 12:32:43

Israel's Simbionix, now a unit of US co 3D Systems, has software for printing models of patients' organs.

Nova wins orders worth $10m for X-ray solutions

Mon, 09 Jan 2017 11:43:16

Nova Measuring Instruments says the orders for its VeraFlex III machines are from several semiconductor foundries.

Kadimastem's collaboration with Korean co falls through

Mon, 09 Jan 2017 10:49:35

The MOU Kadimastem signed with South Korea's Corestem in December has not matured into an agreement.

Home purchases continue to decline

Mon, 09 Jan 2017 16:46:20

Finance Ministry figures show a low level of transactions in October-November 2016.

Budget deficit down to 2.15% in 2016

Sun, 08 Jan 2017 20:54:28

State revenues in Israel exceeded the forecast by nearly NIS 9 billion in 2016, allowing the deficit to fall well below the 2.9% target.

Subscribers leave Golan Telecom in droves

Sun, 08 Jan 2017 18:26:03

The rate of subscribers leaving Golan Telecom tripled after the company was sold.

IDF colleges to move to Jerusalem

Sun, 08 Jan 2017 18:23:54

The colleges' former site at Glilot will be used for residential, business, and commercial construction.

Apartments sold and rented

Sun, 08 Jan 2017 16:54:12

A selection of recent real estate deals including in Givatayim, Ramat Hasharon, Ra'anana, Kfar Saba and Haifa.

316 homes approved in Jerusalem's Katamon

Sun, 08 Jan 2017 14:19:55

Six 10-12-storey buildings will be constructed with commercial and office space on the ground floor.

Four killed in Jerusalem truck terror

Mon, 09 Jan 2017 10:27:02

Four people were killed and another 15 injured, several critically, when a truck rammed into crowds on Jerusalem's Armon Hanatziv Promenade.

Netanyahu reportedly taped asking for favors

Sun, 08 Jan 2017 13:27:33

Benjamin Netanyahu allegedly asked Yediot Ahronot publisher Noni Mozes to be less critical of him in exchange for reducing the circulation of a rival newspaper.

Neon Therapeutics raises $70m

Sun, 08 Jan 2017 15:53:36

Clal Biotechnology will own 5% of Neon when the round is completed.

Alstom-Minrav get last chance on light rail tender

Thu, 12 Jan 2017 08:43:02

NTA Metropolitan Mass Transit System will hold a final hearing before canceling the tender.

Elbit Systems Brazilian unit wins $100m contract

Sun, 08 Jan 2017 11:08:43

The contract is for the supply of  REMAX remote controlled weapon stations to the Brazilian Army.

2017 outlook weighs on Teva

Mon, 09 Jan 2017 15:03:37

Teva's share price fell sharply in New York on Friday after it released 2017 projections below analysts' estimates.

Ayalon River diversion decision set for Monday

Wed, 28 Dec 2016 15:10:41

Diverting Tel Aviv's Ayalon stream will allow the laying of a fourth railway track through the city.