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Israel's Business Arena

Last Build Date: Thu, 23 Feb 2017 21:54:36

Copyright: Globes 2017

Kobi Alexander sentenced to 30 months jail

Thu, 23 Feb 2017 21:49:36

El Al, Qantas eye code-sharing agreement

Thu, 23 Feb 2017 21:25:57

The CEOs of the two airlines signed a memorandum of understanding today in Sydney.

Novolog completes TASE IPO

Thu, 23 Feb 2017 21:01:08

High demand meant that the pharma logistics company's valuation for the public stage of the offering rose to NIS 560 million.

ISA to extend binary options ban to foreign customers

Thu, 23 Feb 2017 18:59:04

A new bill will outlaw Israeli trading arenas' activity with non-Israeli customers unless the arena holds a trading license in the country concerned.

Ad recovery co Uponit raises $2.3m

Thu, 23 Feb 2017 16:52:40

Using cyber technologies, the Israeli startup helps publishers measure and restore their blocked ad inventory.

JVP invests $2m in insurtech cos GetmeIns, Seegnature

Thu, 23 Feb 2017 15:46:20

The quality of the competition was so impressive that Jerusalem Venture Partners decided to double the grand prize.

Wix buys US art community DeviantArt for $36m

Thu, 23 Feb 2017 15:23:48

The acquisition provides the Israeli company with opportunities for product development, brand recognition and increased traffic.

Air India head to visit Israel, announce new route

Thu, 23 Feb 2017 15:03:36

Ashwani Lohani will visit Israel early next month as a guest of Tourism Minister Yariv Levin.

Infosys accused of overpaying for Israeli startup

Thu, 23 Feb 2017 15:04:38

The Indian software giant has been rocked by allegations that it deliberately overpaid for Panaya in 2015.

Autodesk invests in Israeli IoT co Jumper

Thu, 23 Feb 2017 13:31:34

The Tel Aviv based company provides a platform that streamlines the process of developing and testing embedded software for Internet of Things (IoT) products.

BoI intervenes to weaken shekel

Thu, 23 Feb 2017 14:09:14

Even after the Bank of Israel purchased $200 million in foreign currency, the shekel remains stronger against the dollar today.

Noble commits to financing Leviathan development

Thu, 23 Feb 2017 11:28:32

Energy Minister: The final investment decision by Noble and the other partners puts an end to opposition to the gas outline agreement.

4 judges chosen as Supreme Court moves right

Thu, 23 Feb 2017 09:37:27

Three of the four new judges were reportedly backed by right-wing Justice Minister Ayelet Shaked.

Appraisers rebuked over home price contradiction

Thu, 23 Feb 2017 08:35:06

Chief statistician accuses the appraisers of confusing the public by comparing monthly and quarterly apartment price figures.

US offerings on TASE bring fat fees

Wed, 22 Feb 2017 21:03:41

The main beneficiaries are underwriters Poalim IBI and a list of consultants.

Wharton Property TASE bonds oversubscribed

Wed, 22 Feb 2017 20:56:49

The size of the bond issue by US real estate developer Jeff Sutton was increased to NIS 960 million.

MindUP incubator takes in first startup

Wed, 22 Feb 2017 18:28:23

Hemonitor measures blood flow in the main artery of intensive care patients.

Israeli SaaS co TestCraft raises $1m

Wed, 22 Feb 2017 17:16:01

The Tel Aviv-based company provides continuous testing SaaS-based solutions that allow manual business testers to create test automation without coding.

Mobileye Q4 results exceed expectations

Wed, 22 Feb 2017 15:49:15

Mobileye CEO: We won 12 new programs from 11 automakers in 2016.

2,450 homes approved for Hod Hasharon

Wed, 22 Feb 2017 15:14:55

The Tel Aviv municipality will probably publish a tender for its share of the Beit Hanaara site.

Nasdaq expects more Israeli IPOs in 2017

Wed, 22 Feb 2017 14:56:51

94 Nasdaq-listed Israeli companies have an aggregate $70 billion market cap.

Kalytera buys Israeli cannabis co Talent Biotech

Wed, 22 Feb 2017 12:47:46

The Canadian therapeutics firm will pay $10 million plus shares and $20 million in milestone payments for the Israeli GvHD treatment developer.

SodaStream recalls potentially dangerous bottles

Wed, 22 Feb 2017 12:18:21

The Israeli carbonated drinks provider is recalling 58,600 bottles in North America that could burst and injure consumers.

Shufersal to begin New-Pharm acquisition talks

Wed, 22 Feb 2017 10:54:22

Israel's largest supermarket chain also reported a sharp rise in profit in its fourth quarter results.

Alarmed exporters demand action to weaken shekel

Wed, 22 Feb 2017 18:27:45

Israel Export Institute: The exchange rate is the worst it has been since 1999.

Teva boosted as FDA delays generic Copaxone

Tue, 21 Feb 2017 19:10:51

IBI analyst Steven Tepper: Every month of delay means $150-200 million more for Teva.

ALTANA buys Landa's metallography technology

Tue, 21 Feb 2017 18:47:48

Benny Landa's metallized graphics is a sustainable alternative to foil-transfer processes, enabling metallization graphics at up to half the cost of conventional foil stamping.

TA La Guardia urban renewal plan approved

Tue, 21 Feb 2017 18:23:27

450 units in three towers and a 25-storey office tower will replace 130 apartments.

Azaria handed 18-months for manslaughter

Tue, 21 Feb 2017 17:37:04

One of the three judges wanted a more severe sentence for Elor Azaria, the soldier who shot dead an injured terrorist in Hebron.

Gauzy teams with Mercedes on window messages

Tue, 21 Feb 2017 15:42:31

The Israeli company's LCD smart glass technology enables car windows to switch from transparent to opaque on demand to communicate location based messages.

Shekel appreciation gains momentum

Tue, 21 Feb 2017 15:22:02

The shekel has pushed the dollar below NIS 3.70/$ and the euro below NIS 3.90/€.

In first, Israeli public servant convicted for leak

Tue, 21 Feb 2017 13:37:41

The Tel Aviv District Court convicted Ayelet Azulai, bureau chief of late Minister of Defense Binyamin Ben Eliezer.

Leumi's digital bank Pepper launches app

Tue, 21 Feb 2017 13:36:38

Bank Leumi's digital bank is offering a free payments app, which subsidizes the cost of transactions and clearance.

Israeli VAT recovery co VATBox raises $20m

Tue, 21 Feb 2017 13:08:44

VATBox is a B2B SaaS company that has streamlined the global VAT recovery process.

Pearl Cohen law firm brings in 3 partners

Tue, 21 Feb 2017 12:22:55

The new partners together with Adv. Paul Lenga are launching Pearl Cohen's Infrastructure and Project Finance Group.

Haifa-Nazareth light rail line approved

Tue, 21 Feb 2017 12:01:52

The Ministry of Transport estimates the project's cost at NIS 5.9 billion.

Leviathan partners close development finance

Thu, 23 Feb 2017 21:47:03

The partnerships in the gas reservoir have signed a $1.75 billion agreement with an international consortium of lenders.

SilicoNegev to boost southern entrepreneurship

Mon, 20 Feb 2017 19:16:02

The winning startup in a Negev competition will be granted a NIS 500,000 investment.

Knesset c'tee approves TASE ownership reform

Mon, 20 Feb 2017 19:14:50

Each bank's stake in the TASE will be limited to 5%.

Israel to relax arms export controls

Mon, 20 Feb 2017 19:11:07

At the same time, penalties for breach of regulations will become more severe.

Shapir Engineering in Romanian bribery probe

Mon, 20 Feb 2017 19:09:37

A Shapir subsidiary is suspected of bribing Romanian public servants to ensure it won a tender.

Direct Finance mulls NIS 100m loan sale to Hapoalim

Mon, 20 Feb 2017 19:03:15

The company, controlled by Direct Insurance, seeks sources to expand its credit business.

Israeli accelerator launched for Arab entrepreneurs

Mon, 20 Feb 2017 18:07:21

Five startups have been accepted into the first four month LEAP Haifa course operated by PresenTense, with the support of CITI Israel.

Home purchases in Israel down sharply in Q4

Mon, 20 Feb 2017 17:25:25

Home purchases fell 17% from the corresponding quarter of 2015, the Ministry of Finance reports.

Novolog flotation underway

Mon, 20 Feb 2017 17:04:13

Drug distributor Novolog has a 40% share of the Israeli market.

Histadrut threatens Egged strike

Mon, 20 Feb 2017 15:56:18

The government is linking subsidies to egged cutting its market share from 37% to 20%.

Delek deadline looms on $1.5b Leviathan loan

Tue, 21 Feb 2017 09:13:07

Delek must decide if it wishes to proceed with the loan from HSBC and JP Morgan amid uncertainty over the gas agreement with Jordan.

Treasury: Israel's income gap narrowing

Mon, 20 Feb 2017 13:05:38

Poor families saw greater growth in income than rich families in 2007-2015.

Shekel strengthens further

Tue, 21 Feb 2017 08:54:37

FXCM Israel: The low exchange rate against the US dollar represents a problem for the Israeli economy.

Teva's drug pipeline could contain blockbusters

Sun, 19 Feb 2017 21:06:54

Life after Copaxone: Teva is expecting the results of five clinical trials this year likely to gain FDA approval.

BoI restricts sale of bank mortgage portfolios

Sun, 19 Feb 2017 18:26:41

Supervisor of Banks Dr. Hedva Ber will only allow banks to sell 6% of their mortgage portfolios.

Heavy rains too little too late

Thu, 23 Feb 2017 16:31:17

Israel's Water Authority is not optimistic that winter rainfall will reach the multi-year average.

Apartments sold and rented

Sun, 19 Feb 2017 16:16:44

A selection of recent real estate deals in Israel including in Tel Aviv, Rishon Lezion and Kfar Saba.

Plan approved for 10,000 homes in Bnei Brak

Sun, 19 Feb 2017 14:40:13

The plans will increase the population density in Israel's already most densely populated city by 30%.

Phoenix sale deadline to China's Yango extended

Sun, 19 Feb 2017 14:32:33

Delek Group and Yango Investment predicted the sale would be closed by March 31 this year.

Hanegbi appointed communications minister

Sun, 19 Feb 2017 13:16:56

The move follows a High Court of Justice decision that the prime minister cannot continue to hold the communications portfolio.

IMI unveils drone neutralization system

Sun, 19 Feb 2017 12:46:23

The Israeli company's Red-Sky tactical air defense system has been adapted to provide a solution to the growing threat of drones.

Mobileye equips NY ridesharing vehicles

Sun, 19 Feb 2017 17:52:04

The Israeli autonomous driving technologies developer has installed anti-collision systems in 4,500 New York City vehicles, such as those available through apps like Uber and Lyft.

Kahlon: Israeli economy among fastest growing in OECD

Sun, 19 Feb 2017 11:56:20

"Growth is also reaching the economically disadvantaged."

Effective mortgage rate reaches 6%

Sun, 19 Feb 2017 11:50:38

Israeli mortgage interest rates have continued to climb in February.

O'Connor fund owns 9.5% of Protalix Biotherapeutics

Mon, 20 Feb 2017 17:10:56

Protalix's share price has shot up 300% after plunging following a debt settlement in December.

Seebo teams with IBM on Internet-of-Things

Sun, 19 Feb 2017 11:36:11

Connecting Seebo's smart products platform with IBM's Watson IoT Platform will empower manufacturers to accelerate delivery of smart products.

US funds raised Teva stakes in Q4

Tue, 21 Feb 2017 09:13:47

Fidelity reduced its holding, but three other funds bought shares to the tune of $3 billion.

Housing minister: Price rise is halting

Fri, 17 Feb 2017 07:04:17

Minister of Construction and Housing Yoav Galant responded cautiously to the drop in the home price index.

OurCrowd expands to Taiwan

Thu, 16 Feb 2017 16:37:31

The Israeli global equity crowdfunding platform has opened a Taipei office and formed a strategic partnership with Shanghai Commercial & Savings Bank (SCSB).

NICE Systems ends 2016 with higher revenue and profit

Thu, 16 Feb 2017 15:42:16

The company announced a $0.16 per share dividend on its fourth quarter profits.

JDRF T1D Fund invests in glucose sensor co GluSense

Thu, 16 Feb 2017 15:40:16

The Israeli company is developing a long lasting injectable glucose sensor for treatment of Type 1 diabetes.

Cofix puts up prices

Thu, 16 Feb 2017 15:19:41

Cofix is raising the price of its products from NIS 5 to NIS 6

Israel's economy grew at 6.2% in Q4

Thu, 16 Feb 2017 14:35:28

Israel's GDP growth estimate for 2016 as a whole was raised to 4% by the Central Bureau of Statistics.

Wizz Air to launch Tel Aviv - London flights

Thu, 16 Feb 2017 14:15:54

The Hungarian low-cost airline will begin four weekly flights on June 24 on the new route to Luton Airport.

Medical equipment leads rise in Israel's exports

Thu, 16 Feb 2017 13:06:37

Exports of goods, excluding diamonds, totaled $12.3 billion between November and January, up 2%, the Israel Export Institute reports.

Elbit awarded $102m US mortar systems deal

Thu, 16 Feb 2017 12:27:47

The Israeli company's system improves mission success with greater accuracy while reducing potential exposure to the enemy.

Shekel strongest against dollar since 2014

Thu, 16 Feb 2017 15:16:54

The shekel is strengthening today after Israel's strong growth figures for the fourth quarter were published.

El Al crisis ends

Thu, 16 Feb 2017 12:34:20

Management and the Histadrut have said that agreement has been reached over the status and pay of pilots aged 65-67.

Israel's gas royalties up 8.5% in 2016

Thu, 16 Feb 2017 07:06:01

Royalties from the Tamar reservoir rose 7%, despite the fall in the price of natural gas.

DayTwo teams with J&J on diagnostics

Thu, 16 Feb 2017 07:08:18

DayTwo provides personalized dietary recommendations according to an intestinal bacteria profile.

Paz CEO, Ashtrom chairman questioned on Netanya bribes

Thu, 16 Feb 2017 10:24:16

Police: All those questioned were released on their own recognizance under restrictive conditions.

CPI down 0.2% in January as home prices also fall

Sun, 19 Feb 2017 18:12:33

Home prices in Israel fell 1.2% in November and December, the Central Bureau of Statistics reports.

SodaStream profit triples

Wed, 15 Feb 2017 17:45:03

CEO Birnbaum: We are the world's largest brand of carbonated water.

Educational games co TinyTap raises $1.5m

Wed, 15 Feb 2017 17:43:07

The Israeli startup claims more than 100,000 titles have been created by teachers.

Sapiens acquires US co StoneRiver for $102m

Wed, 15 Feb 2017 17:38:01

StoneRiver's solutions will allow the Israeli company to accelerate its growth in the US insurance software market and worldwide.

ICL swings to profit in Q4, but records loss in 2016

Wed, 15 Feb 2017 16:47:53

Israel Chemicals CEO Asher Grinbaum: We're satisfied with the company's performance.

Noble asking $1b for 7.5% Tamar stake - report

Wed, 15 Feb 2017 16:12:08

Noble Energy has hired Barclays and another bank to find a buyer for part of its stake in the Israeli offshore gas field, "Bloomberg" reports.

Tel Aviv light rail tunneling begins

Wed, 15 Feb 2017 15:28:09

The first tunnel boring machine will go into operation on Sunday, four months ahead of schedule.

El Al dispute edges towards compromise

Wed, 15 Feb 2017 15:25:50

The Labor Court sent the parties to conduct marathon talks until Friday.

Kerogen buys 50% stake in Energean Israel for $50m

Wed, 15 Feb 2017 15:23:17

Proceeds from the Greek fund's investment in Energean Israel will finance the acquisition and initial development planning.

Nova reports strong results, bullish guidance

Wed, 15 Feb 2017 14:52:08

The company says the boom in chip manufacturing is generating strong demand for its products.

Honda, Volvo open Israel innovation center

Thu, 16 Feb 2017 06:27:11

Honda, Volvo, Hertz and Ituran are partners in the DRIVE innovation hub in Tel Aviv founded by Mayer Group, the Israeli importer of Honda and Volvo cars.

Yes to pay Spacecom NIS 750m for satellite support

Wed, 15 Feb 2017 14:00:38

The alternative of television broadcasts over Bezeq's Internet network is impractical.

DLA Piper Conference in Israel discusses global real estate trends

Wed, 15 Feb 2017 13:16:18

Singapore real estate investor warns on China; most participants recommend US and UK investments.

Euro slumps to new 15-year low against shekel

Wed, 15 Feb 2017 12:51:25

The shekel-euro exchange rate is sinking well below NIS 4/€ as Israeli exporters struggle to make a profit on exports to Europe.

Wix revenue grows 48%

Wed, 15 Feb 2017 12:14:28

One factor in Wix's better results was the addition of 171,000 premium subscribers, giving the company 2.5 million premium subscribers

IAI teams with India's Dynamatic on mini-drones

Wed, 15 Feb 2017 11:45:16

Israel Aerospace and Dynamatic have signed a cooperation agreement at the Aero India exhibition in Bangalore.