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Israel's Business Arena

Last Build Date: Sun, 23 Jul 2017 18:27:23

Copyright: Globes 2017

Design chosen for IDF Jerusalem Ein Kerem campus

Sun, 23 Jul 2017 18:20:08

The winning design for the college campus was from the Eliakim Architects firm.

Phibro Israel signs $150m Indian deal

Sun, 23 Jul 2017 18:13:22

Phibro, which develops vaccinations and drugs for animals, will set up a plant in India to market its products.

Amdocs extends Ra'anana lease by 10 years

Sun, 23 Jul 2017 17:11:44

The Israeli company will pay NIS 41 million annually, up from NIS 35 million on the previous lease.

Digital maketing co Operad buys iCommerce

Sun, 23 Jul 2017 17:05:16

The acquisition will enable Operad to expand its e-commerce solutions and to provide clients with services on international platforms like Ebay, Amazon etc.

Haredi city Elad to double in size

Sun, 23 Jul 2017 16:18:59

The Ministry of Construction and Housing is promoting a roof agreement for 12,500 new homes.

Apartments sold and rented

Sun, 23 Jul 2017 16:10:36

A selection of recent real estate deals in Israel including in Tel Aviv, Ramat Gan, Herzliya, Modi'in, Hadera and Arad.

Naama Sikuler appointed "Globes" editor

Sun, 23 Jul 2017 16:46:33

Sikuler has headed the news department at "Calcalist" for the past five and a half years

Teva to lay off 300-350 in Israel

Sun, 23 Jul 2017 18:16:48

The pharmaceutical company has said it is beginning talks with the Histadrut about layoffs at the Kfar Saba and Ramat Hovav plants. the Histadrut called a work dispute.

IDB Development ensures NIS 560m bond issue

Sun, 23 Jul 2017 13:47:39

5% interest was set for the bonds, compared with the 6.8% maximum set for the tender.

Elovitch barred from Bezeq, Yes offices for 60 days

Sun, 23 Jul 2017 12:59:20

Bezeq CEO Stella Handler can resume her position but cannot handle regulatory matters.

India's Reliance invests $25m in Jerusalem incubator

Sun, 23 Jul 2017 12:19:43

Reliance will hold a 20% stake in the Israeli incubator in partnership with OurCrowd, Motorola Solutions, and Yissum.

Mahmoud Abbas halts security cooperation with Israel

Sun, 23 Jul 2017 11:34:41

The move is intended to put pressure on Israel to remove security gates for Muslim worshipers wishing to enter the Temple Mount. 

Michael Ganor turns state's witness in submarines affair

Sun, 23 Jul 2017 10:02:55

Ganor represented German conglomerate ThyssenKrupp in the deal to sell submarines and marine installation protection vessels to the Israel Navy.

Kenon in talks to sell IC Power

Sun, 23 Jul 2017 15:53:28

Separately, Yoav Doppelt has tendered his resignation as Kenon Holdings CEO.

TGI survey: Weekend "Israel Hayom" overtakes "Yedioth"

Thu, 20 Jul 2017 20:19:00

All of Israel's national newspapers saw declining exposure in the first half of 2017. 

YD More Investments raises NIS 65m in first stage of IPO

Thu, 20 Jul 2017 19:27:41

The auction for financial institutions was oversubscribed by NIS 280 million.

Tower Semiconductor nears NIS 10b market cap

Thu, 20 Jul 2017 18:19:02

Tower, which now specializes in analog chips, has seen its share price double over the past year.

Machine learning co Dynamic Yield raises $31m

Thu, 20 Jul 2017 17:04:32

Deutsche Telekom and La Maison have joined the $22 million round announced last December.

MediWound expands US Defense Department agreement

Thu, 20 Jul 2017 15:58:34

The US Biomedical Advanced R&D Authority (BARDA) will inject $32 million more into developing the Israeli company's burns treatment.

Gamida Cell awarded $3.5m Israeli gov't grant

Thu, 20 Jul 2017 20:37:25

Gamida Cell is developing cellular and immune therapies for the treatment of cancer and orphan genetic diseases.

Check Point's Shwed: Cyber attacks can be prevented

Thu, 20 Jul 2017 19:00:55

Check Point reported strong second quarter results today.

Netanyahu - German submarine deal will be done

Thu, 20 Jul 2017 13:52:02

The prime minister insisted that he has no connection whatsoever to the submarine affair.

Chinese fund buys Camtek's PCB business

Thu, 20 Jul 2017 13:26:27

Shanghai-based Principle Capital will pay up to $35 million and the Israeli company will now focus on chip inspection and metrology.

HPE to pay NIS 1.6b tax on Mercury acquisition

Thu, 20 Jul 2017 12:25:11

The international arbitrator ruled in favor of the Israel Tax Authority in the 2006 deal.

Shekel rebounds strongly in volatile trading

Thu, 20 Jul 2017 10:24:45

The shekel has lost 2% against the euro and 1.5% against the dollar since last Friday's unexpected 0.7% fall in the CPI.

Wizz Air in advanced talks to open Israel base

Thu, 20 Jul 2017 08:43:44

The Hungarian low cost carrier's CEO Jozsef Varadi has told "Yediot Ahronot" about Wizz Air's plans.

Noble Energy to procure services from Israel Shipyards

Thu, 20 Jul 2017 10:25:30

The agreement is for 34 months with extension options totaling up to three years.

Israel's AppDate takes Tinder one step further

Wed, 19 Jul 2017 17:44:53

The innovative dating app enables users to add a short selfie video to their personal profile.

Andersen Tax opens Israel office

Wed, 19 Jul 2017 17:29:49

Beneli Tax Boutique has formally adopted the Andersen name as a member firm of Andersen Global.

Leviathan 5 drilling confirms presence of gas

Wed, 19 Jul 2017 17:02:37

A new platform ordered for Leviathan will save on drilling costs.

Spreadsheet management co DataRails raises $6m

Wed, 19 Jul 2017 16:16:56

The Israeli company upgrades Excel into a smart spreadsheet management and organizational tool.

Rapac signs Energean Karish gas deal

Thu, 20 Jul 2017 08:44:10

Gas will be supplied to two power stations that Rapac, Energean's third customer in Israel, is building in the north.

Big commissions development of delivery drones

Wed, 19 Jul 2017 15:38:14

Terrascan will develop the drones for the Israeli shopping mall company's ecommerce project.

Israel's Qumra Capital raises $115m second fund

Wed, 19 Jul 2017 14:23:21

The Tel Aviv-based late stage venture capital fund invests in startups looking to boost sales and marketing activities of their products and services.

IVC-ZAG: Israeli startups raised $1.3b in Q2

Wed, 19 Jul 2017 11:05:30

This was down from the record $1.7 billion raised in the second quarter of 2016 but still the second largest amount in the past five years.

AI fashion shopping co raises $8m

Wed, 19 Jul 2017 10:22:51

The Israeli company has developed a visual search engine for fashion products.

Shekel slide continues

Thu, 20 Jul 2017 10:08:01

Market traders have told "Globes" that concern for the Netanyahu government as the German submarine probe deepens is weakening the Israeli currency.

Weak overseas demand for Tamar Petroleum

Tue, 18 Jul 2017 18:58:33

Delek Drilling will post a $550 million capital gain and distribute most of it as a dividend.

Estonian co buys InSight Biopharmaceuticals

Tue, 18 Jul 2017 18:56:34

A court approved the sale of the company, which is in liquidation.

Biological diversity receives NIS 400,000 boost

Tue, 18 Jul 2017 17:28:02

A commercial infrastructure facility in the Negev has a hothouse with a unique strain of garlic.

Securities Authority raids Spacecom's offices

Tue, 18 Jul 2017 17:33:22

The measure was part of expansion of the investigation of Shaul Elovitch to include a deal between Spacecom and Yes.

Autotalks opens offices in Japan and Korea

Tue, 18 Jul 2017 14:59:54

These offices will provide close local support to car manufacturers and automotive Tier-1 suppliers across Asia and the Pacific.

Knesset enacts Fair Rents Law

Tue, 18 Jul 2017 16:40:10

The law defines housing that is fit to live in but does not include any restriction on raising rents.

Israel Aerospace, Honeywell team on anti-jamming

Tue, 18 Jul 2017 13:50:27

As part of an MOU, IAI and Honeywell are aiming to engineer, manufacture and market a combined GPS Anti-Jam combined solution.

Israel Tax Authority arrests online traders

Tue, 18 Jul 2017 13:18:50

Two Israeli online traders who failed to report their income were arrested as the Tax Authority targets ecommerce.

Shekel depreciation intensifies

Tue, 18 Jul 2017 12:23:14

The Israeli currency is at its weakest for eight months against the euro.

S.AL. group sold to Sky, Kedma funds

Tue, 18 Jul 2017 12:11:39

The funds paid NIS 195 million for 70% of the group's shares.

Apps creation co AppsVillage raises $1m

Tue, 18 Jul 2017 11:52:39

The Israeli company's mobile app creation platform that enables small, medium and large businesses to create engaging professional Apps in a snap.

Germany defers submarines deal

Tue, 18 Jul 2017 09:48:08

Signing of the MOU on the completion of the sale of three submarines to Israel has been postponed pending the outcome of the corruption probe.

Israeli binary options co sued for NIS 36m fraud

Thu, 20 Jul 2017 06:36:22

Sik Mun Simone Loke from Hong Kong filed a claim in the Tel Aviv District Court that Toro Media stole $10 million from her.

Miki Ganor may turn state's witness in submarines affair

Mon, 17 Jul 2017 18:22:01

Ganor represented ThyssenKrupp, which won a contract to build submarines and corvettes for the Israel Navy. 

C'tee approves bill to stop women's retirement age rising

Tue, 18 Jul 2017 11:45:39

Under the existing law, the retirement age for women will rise automatically to 64.

C'tee to draw up plan to close Israel's infrastructure gap

Mon, 17 Jul 2017 16:57:39

The Aaron Institute for Economic Policy at IDC Herzliya puts the gap between Israel and the West at NIS 470-600 billion.

Aeronautics mulls buying US defense co for $6m

Mon, 17 Jul 2017 16:10:25

The acquisition would allow the Israeli unmanned defense systems developer to undertake orders using US military aid.

Stroke treatment co Rapid Medical raises $9m

Mon, 17 Jul 2017 15:20:21

The Israeli company develops neurovascular interventional devices and advances the commercialization of minimally invasive stroke treatment and prevention products.

Gov't approves plan to raise NIS 1b for public housing

Mon, 17 Jul 2017 15:14:44

State-owned housing company Amidar will issue a ten-year bond in order to buy some 1,000 housing units. 

Online car retail co Vroom raises $76m

Mon, 17 Jul 2017 14:52:40

The Series F financing round was led by Israel's PICO Venture Partners.

Israeli startups raise $215m in July to date

Mon, 17 Jul 2017 18:58:29

The latest round was by Spotinst, which raised $15 million for its cloud of clouds platform.

Excellence cuts Bezeq price target

Mon, 17 Jul 2017 12:40:41

Excellence Investment House sees Bezeq as facing major challenges beyond the current investigation.

Migdal, Aurec buying Frankfurt building for NIS 1b

Mon, 17 Jul 2017 10:08:43

The building is occupied by international accounting firm Ernst & Young.

Bezeq chairman seeks stability

Thu, 20 Jul 2017 19:33:17

Bezeq is a very profitable and sound company but the investigation is taking its toll.

Modiin finds indications of oil in California

Sun, 16 Jul 2017 18:44:10

The drilling operator is recommending production tests for the prospect.

Entera Bio files for Nasdaq IPO

Sun, 16 Jul 2017 18:41:52

Proceeds from the offering are for a trial of the company's drug for treatment of Hypoparathyroidism.

Dayan family buys Africa-Israel Hotels

Sun, 16 Jul 2017 18:22:39

The family bought four hotels from Africa-Israel for NIS 524 million in 2017 and is now paying NIS 413 million more for full ownership.

Flug: Too early to tell if home prices are falling

Sun, 16 Jul 2017 18:18:07

Bank of Israel Governor tells contractors: We'd like to see house prices fall gradually.

Apartments sold and rented

Sun, 16 Jul 2017 16:40:02

A selection of recent real estate deals in Israel including in Tel Aviv, Givatayim, Holon, Netanya, and Sderot.

3 Ofer cos close to Energean gas supply deal

Sun, 23 Jul 2017 15:07:46

The Greek owner of the Karish and Tanin fields is in talks to supply gas to Idan Ofer's OPC Energy, Israel Chemicals and Oil Refineries for 15 years.

New home sales and demand down

Sun, 16 Jul 2017 16:47:23

The Central Bureau of Statistics today reported that demand for new housing dropped 12.9% in March-May.

Israel's first quarter growth revised upwards

Sun, 16 Jul 2017 13:40:13

The Central Bureau of Statistics now says that the Israeli economy grew at the still disappointing rate of 1.4% in the first quarter of 2017.

Israeli SaaS co OwnBackup raises $7.5m

Sun, 16 Jul 2017 12:21:43

The Tel Aviv company provides secure, automated, daily backups of SaaS and PaaS data.

IDF hackathon challenge: Detect fake news

Sun, 16 Jul 2017 11:15:22

With a laptop, some ice cream, and a promise of NIS 500,000 and an overseas vacation, the Ministry of Defense got developers to look for solutions within 24 hours.

Info passed freely from Bezeq to Eurocom despite warnings

Thu, 20 Jul 2017 19:33:29

The person responsible for stopping the leaks failed to act.

Soriot not moving to Teva - Bloomberg

Sun, 16 Jul 2017 11:48:45

Reports according to which AstraZeneca CEO Pascal Soriot will take over the helm at Teva are incorrect, Bloomberg says.

Treasury issues tender for high-tech funds

Sun, 09 Jul 2017 18:03:00

Investors in the Israeli funds will receive state protection against losses.