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Israel's Business Arena

Last Build Date: Thu, 25 May 2017 21:33:15

Copyright: Globes 2017

"If Gazans have no power it's Hamas's fault"

Thu, 25 May 2017 21:31:37

Israel's Coordinator of Government Activities in the Territories Major General Yoav Mordechai told the BBC Israel might cut off Gaza's electricity supply.

Antalya governor calls on Israelis to return to Turkey

Thu, 25 May 2017 21:23:52

Munir Karaloglu: Antalya is the safest place in Europe.

Charlie Airlines to operate flights to Cyprus

Thu, 25 May 2017 21:11:37

There are already 55 regular weekly flights between Ben Gurion Airport and Larnaca.

High demand for US co Waterstone Properties TASE bond

Thu, 25 May 2017 18:42:50

Waterstone hopes to complete a NIS 450 million bond issue in the coming days.

Hainan Airlines to launch Tel Aviv - Shanghai flights

Thu, 25 May 2017 18:18:11

The Chinese airlines wants to operate three direct flights a week on the route.

Gett seeks exclusive airport taxi concession

Thu, 25 May 2017 17:18:32

The Airports Authority has announced that all taxi companies can operate at Ben Gurion Airport from Monday.

Steimatzky wins bookshops tender for new Eilat airport

Thu, 25 May 2017 15:45:32

The two 80-square meter airport bookstores will be on the format of ordinary Steimatzky stores.

JFrog buys Israeli bot automation co Dimon

Thu, 25 May 2017 15:36:13

Dimon's team will join JFrog's Tel Aviv R&D center.

Israeli distillery unveils first-ever malt whisky

Thu, 25 May 2017 13:58:31

The initial sales of Milk & Honey's first 391 bottles of single malt whisky will go on sale later in June.

Police question Adelson on Netanyahu probe

Thu, 25 May 2017 13:22:47

The owner of the "Israel Hayom" daily is giving evidence about the prime minister's meetings with "Yediot Ahronot" publisher Arnon Mozes.

Bank Leumi Q1 profit jumps

Thu, 25 May 2017 12:08:08

Bank Leumi will distribute a NIS 124 million dividend - its first dividend in six years.

BoI sits on side as shekel-dollar rate falls

Thu, 25 May 2017 11:44:43

The shekel-dollar rate has hit a new 3-year low but there has been no intervention from the Bank of Israel.

Airport to open to all taxis from Monday

Thu, 25 May 2017 16:57:16

The Israel Airports Authority is playing tough over the decision of the Hadar taxi drivers, who have a monopoly at Ben Gurion Airport, not to cut fares by 31%.

Tel Aviv's ToHa tower seeks iconic status

Thu, 25 May 2017 09:36:36

Marketing has begun for space in the 30-floor iceberg-shaped office tower under construction adjacent to Hashalom Station.

TASE gives green light to int'l film producers

Thu, 25 May 2017 08:50:05

Limited partnerships have thus far been allowed to raise money on the Tel Aviv Stock Exchange only for Israeli movies.

Disposable plastic bag use falls very sharply

Thu, 25 May 2017 06:52:38

The Ministry of Environmental Protection has reported an 80% reduction in the use of disposable plastic bags in the first quarter of 2017.

Drahi slams Israel's confused regulation

Thu, 25 May 2017 06:42:59

Hot controlling shareholder: No telco will invest under the existing conditions in Israel.

Telrad raises NIS 80m in TASE IPO

Wed, 24 May 2017 20:52:17

Existing shareholders in the wirless communications network company sold shares for the same amount.

Hedva Ber warns on growing household debt

Wed, 24 May 2017 18:19:42

Supervisor of Banks: Credit is like salt - too much tastes bad and is unhealthy.

Nissenkorn set for victory as judge stops vote counting

Thu, 25 May 2017 06:47:40

Avi Nissenkorn is winning 59% of the vote to Shelly Yachimovich's 40%.

Cofix to expand worldwide

Wed, 24 May 2017 17:27:43

Six months after its Russian launch, Cofix is expanding to other countries.

Strauss Group sells Max Brenner for $5m

Wed, 24 May 2017 16:17:48

The Israeli company is selling the international chain of restaurants and “chocolate bars” to its Israeli franchisees Yaniv Shtanger and Dudu Vaknin

Cyber security co PureSec raises $3m

Wed, 24 May 2017 15:59:55

The company provides a security platform for serverless cloud computing.

AI stroke treatment co Viz raises $7.5m

Wed, 24 May 2017 14:40:03's solution instantly compares a patient's scan to hundreds of thousands of other scans.

Microsoft buys cyber security co Hexadite for $100m

Wed, 24 May 2017 14:22:33

The Israeli company has developed software to investigate threats and rate the seriousness of cyber security alerts.

AI process optimization co Inflowz raises $3.5m

Wed, 24 May 2017 14:00:10

The Israeli company's artificial intelligence technology helps sales leaders optimize their sales processes.

Cellcom profit plunges 56%

Wed, 24 May 2017 13:47:51

Revenue was down 6% to NIS 959 million.

El Al loss widens despite higher revenue

Wed, 24 May 2017 12:48:59

The number of passengers flying El Al at Ben Gurion Airport rose 7% in the first quarter.

Bank Hapoalim profit up 13.8%

Wed, 24 May 2017 11:18:45

Return on equity reached 9.2% in the first quarter.

Frutarom profit grows 57%

Wed, 24 May 2017 10:36:24

The Israeli flavors and fine ingredients developer expects $2 billion in sales with an EBITDA of over 22% in its core activities by 2020.

Digital microscopy co Scopio Labs raises $7m

Wed, 24 May 2017 09:46:29

The Israeli company's products enable dramatic clinical and research improvements in cancer, hematology and cytology, and empower academic research and drug discovery.

Uber Israel denies unlicensed taxi indictment

Wed, 24 May 2017 07:30:38

Uber says its Night pilot program was built in accordance with Israeli regulations for recouping expenses.

Monitoring co EarlySense enters Chinese market

Wed, 24 May 2017 06:57:13

The Israeli company, which has developed a medical monitoring device kept under the mattress, has teamed with China's Laxis.

Israel, Italy in helicopters for missiles talks

Wed, 24 May 2017 06:34:34

Israel is in talks to buy Leonardo's training helicopters on condition that the Italian government will agree to reciprocal defense procurement.

Two arrested in Orbotech tax probe

Tue, 23 May 2017 19:53:14

VP Finance Tal Opher, and Avishay Bardugo, a tax partner at PwC Israel - Kesselman & Kesselman, are suspected of concealing interest on a loan to an Orbotech subsidiary.

"Iran calls for Israel's destruction. Not with Donald J. Trump"

Tue, 23 May 2017 19:38:58

US President Donald Trump wrapped up his visit to Israel today with a keynote speech at the Israel Museum in Jerusalem.

Ovadia to pay $2m for Babylon translation unit

Tue, 23 May 2017 18:26:59

The arbitrator ruled that Amnon Ovadia had to pay the price agreed in 2014 for the unit.

Hot to rebrand as Altice

Tue, 23 May 2017 18:17:48

Patrick Drahi is transforming his global holding company into a unified international brand.

Israel and Quebec launch $12m R&D program

Wed, 24 May 2017 09:58:53

Setting up the collaboration program was one of the highlights of a week-long visit by a 100-strong trade delegation to Israel led by Quebec Premier Philippe Couillard.

Teddy Sagi buys control of Brack Capital

Tue, 23 May 2017 16:28:03

Sagi is paying NIS 1.1 billion for 44% of the TASE listed company, which invests in German real estate.

First Int'l Bank reports higher profit

Tue, 23 May 2017 16:23:56

Net interest revenue grew 6.8% to NIS 562 million.

Perrigo restates 2016 results

Tue, 23 May 2017 14:40:26

The company posted a GAAP-based net loss of $4 billion for the year.

Suicide bomber kills 22 in Manchester attack

Tue, 23 May 2017 11:49:08

The attack is the worst for casualties in the UK since the London bombings of 2005.

Cathay to add 6th weekly TA - Hong Kong flight

Tue, 23 May 2017 11:46:52

The Hong Kong carrier will operate six flights each week during the high demand holiday season between September 18 and October 23.

Trump: Iran spurring Arab leaders' positive feeling towards Israel

Tue, 23 May 2017 11:51:14

US President Donald Trump said an agreement between Israel and the Palestinians would be tough but that a deal was achievable.

Israel Tax Authority demands NIS 207m from Orbotech

Tue, 23 May 2017 19:53:31

Tax Authority investigators have raided Orbotech's offices. The company says it will appeal against the assessment.

Partner TV to offer 5 RGE sports channels

Mon, 22 May 2017 19:09:42

The Sport 5 and 5 Plus channels will be broadcast on high-definition television.

US hotel co Windsor Capital Group to raise debt in Tel Aviv

Mon, 22 May 2017 19:05:26

The company seeks to raise $110 million to recycle debt.

Aeronautics files for NIS 1.1b valuation TASE IPO

Mon, 22 May 2017 19:37:08

Aeronautics, Israel's fifth largest defense company, controls its entire UAV supply chain.

Safe-T raises NIS 8.2m in private placement

Mon, 22 May 2017 18:14:51

The company has raised NIS 30 million in two rounds and options over the past month.

Histadrut elections set for Tuesday

Mon, 22 May 2017 18:00:21

Incumbent Histadrut chairman Avi Nissenkorn is running for reelection against MK Shelly Yachimovich.

Israeli startup Windward enters marine insurance

Mon, 22 May 2017 17:27:16

Windward wants to use its information about ships to rate the risk using a mathematical model.

Mobileye plans 30-floor Jerusalem HQ

Mon, 22 May 2017 17:49:11

The car sensor and mapping developer plans expanding its work force from 660 to 4,000 by building a new campus.

Trump: We have a rare opportunity for peace

Mon, 22 May 2017 16:46:05

The US president landed in Israel today. Netanyahu: You flew from Riyadh to Tel Aviv; I hope one day an Israeli prime minister will fly from Tel Aviv to Riyadh.

Oren Hazan ambushes Trump for selfie

Mon, 22 May 2017 14:44:02

President Trump looked taken by surprise while Prime Minister Benjamin Netanyahu and other Israeli leaders looked embarrassed.

BoI lost NIS 5.3b in shekel appreciation in 2016

Mon, 22 May 2017 14:11:39

The shekel continues to strengthen against the dollar today with the rate at a new 3-year low.

Expense cuts boost Partner profit

Mon, 22 May 2017 15:31:10

Partner Communications posted a NIS 37 million rise in first quarter profit despite lower revenue.

Trump lands in Israel today

Mon, 22 May 2017 16:03:00

US President Donald Trump, accompanied by senior members of his government, will hold talks with both Israeli and Palestinian leaders.

Co-working space co Urban Place raises $12m

Tue, 23 May 2017 11:16:58

The Israeli company plans expanding beyond Tel Aviv to Haifa, Jerusalem and Herzliya and then to Europe.

Teva share price falls below $30

Sun, 21 May 2017 21:17:28

The Teva share price reached its peak in July 2015, when it was trading at over $70.

Tiv Taam to invest NIS 12m to relaunch Eden Teva

Mon, 22 May 2017 10:08:30

Health store Eden Teva, which has eight branches and a website, will be expanded to 10 branches.

WOW to cut fares on Israel - US routes

Sun, 21 May 2017 18:29:36

WOW is apparently underselling Turkish Airlines and Alitalia by at least $200 for a roundtrip flight.

Apartments sold and rented

Sun, 21 May 2017 16:46:58

A selection of recent real estate deals including in Tel Aviv, Herzliya, Hod Hasharon, Rehovot, and Kfar Yona.

Airport cab drivers fighting 30% fare cut

Sun, 21 May 2017 16:37:49

Gett and Hadar Taxi jointly won a Ben Gurion tender by offering a 30% discount on the list price.

Tel Aviv seafront project hit by fire

Sun, 21 May 2017 15:59:46

The fire broke out on floors 15-17 of the David Promenade Residences project owned by developer Henry Taic. Three people were injured.

Cabinet approves afternoon daycare subsidies

Sun, 21 May 2017 15:32:50

The subsidy encompassing all socioeconomic groups, will be NIS 150-350 per child per month, depending on the location.

Israeli social music app co MUGO raises $1m

Sun, 21 May 2017 13:58:06

MUGO enables users to listen together to the same song.

Shekel-dollar rate at 3-year low

Mon, 22 May 2017 10:08:18

As the shekel-dollar rate is at its lowest since September 2014, the Bank of Israel is expected to intervene to buy foreign currency.

Electra posts higher revenue, lower profit

Sun, 21 May 2017 11:42:42

CEO Itamar Deutscher: The company's business grew in all sectors.

IAI wins further huge contract in India

Sun, 21 May 2017 10:31:37

Israel Aerospace will supply systems for Barak 8 surface-to-air missiles to India's BEL for installation on Indian warships.

Merger deal will triple Emilia Development value

Mon, 22 May 2017 10:09:40

The company will buy Oded Feller's shares in Chemovil for an estimated NIS 500 million.

Committee to probe IDF-Elbit artillery contract

Thu, 18 May 2017 18:48:10

The need for the cannons and the quantity to be ordered will be reexamined and weighed against Israel's future defense needs.

Mobile security co Wandera raises $27.5m

Fri, 19 May 2017 17:11:26

The company's intelligence engine MIRIAM is designed to identify zero day threats and surface new analytic insights.

Airbus approves IAI's towing system

Thu, 18 May 2017 21:52:05

TaxiBot is designed to transport commercial airline aircraft from terminal gates to the runway and back, without using the airplane's own engines.

Tax Authority freezes Israeli's Hong Kong account

Thu, 18 May 2017 14:31:32

As part of its campaign against tax evasion and money laundering, the Tax Authority plans to confiscate NIS 7 million in the account.

Housing Minister: We're cutting contractors' profit

Thu, 18 May 2017 13:11:50

People are telling contractors to sell at cheaper prices, Yoav Galant says.

Kornit prices Nasdaq offering for $87.6m

Thu, 18 May 2017 13:08:24

Discount Capital Markets will earn NIS 60 million from its stake in Kornit Digital controlling shareholder Fortissimo Capital.

Bezeq reports higher profit on lower revenue

Thu, 18 May 2017 11:31:44

Revenue fell across the board from mobile and landline telephony to Yes satellite TV. 

Shekel loses ground

Thu, 25 May 2017 11:26:36

The euro is above NIS 4/€ for the first time in three months and the dollar remains above NIS 3.60/$.

Icelandic carrier WOW promotes tourism to Israel

Thu, 18 May 2017 09:26:16

Two of the airline's flight attendants star in a major ad for low-cost flights to Israel to be aired throughout North America.

Kahlon cancels import duty on shoes

Thu, 18 May 2017 08:44:06

Cancellation of the 12% tax will cost NIS 188 million in lost revenues and bring major savings for Israeli families.

Azorim in talks for Brookland Upreal stake

Wed, 17 May 2017 21:04:51

Azorim wants to buy half of Boaz Gilad's 51% holding.

Gilbarco buys Israeli automatic fueling co Orpak

Wed, 17 May 2017 21:02:19

The US company is buying a 68% stake at a company value of $225 million.

Shekel-euro rate above 4 for first time since Feb

Wed, 17 May 2017 17:13:39

French President Emmanuel Macron's victory last week has boosted the European currency.

Ahead of merger Delek units report higher profit

Wed, 17 May 2017 15:43:58

The Delek Group gas partnerships made a $78.9 million profit in the first quarter, up 23%.

New home sales in Israel fell 16% in 2016

Wed, 17 May 2017 15:41:44

The steep drop is attributable to a drastic fall in property purchases by investors, the Finance Ministry chief economist reports.

Teva to lay off 500 in Hungary - report

Wed, 17 May 2017 14:43:28

Reports in the Hungarian media say that Teva plans to sell or close down one of its Hungarian plants by the end of 2018.

Magic reports higher profit

Wed, 17 May 2017 13:50:35

The Israeli software company's was up 36% to $60.8 million.

Comptroller: Tamar gas agreement cost IEC $2b too much

Wed, 17 May 2017 13:43:05

The State Comptroller has found costly faults in Israel Electric Corp.'s natural gas agreement with the Tamar partners.

Nano Dimension raises $4m in private placement

Wed, 17 May 2017 11:59:48

Ayalim Trust Funds is investing in the Israeli 3D printed electronics developer.

Shekel gains against dollar, on NIS 3.60 threshold

Wed, 17 May 2017 11:26:45

The Bank of Israel can again be expected to purchase foreign currency to weaken the shekel and assist exporters.

Israel Air Force introduces maritime drones

Wed, 17 May 2017 07:08:40

IAI's maritime version of the Heron 1 UAV will replace Sea Scan patrol aircrafts to protect the coast and offshore gas installations.

Israeli startups raise $450m in Q2 so far

Tue, 16 May 2017 19:44:40

Nearly $1.5 billion has been raised since the start of the year, 20% below last year's record fund raising.