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Israel's Business Arena



Last Build Date: Mon, 19 Feb 2018 21:59:47

Copyright: Globes 2018
 



Energean CEO: We're not greedy

Mon, 19 Feb 2018 21:57:26

Mathios Rigas tells "Globes" that low expenses allow the Karish and Tanin operator to sell gas at $4 per thermal unit compared with the $6 Israel Electric pays for Tamar gas.



Azorim to build 1,500 Tel Aviv homes

Mon, 19 Feb 2018 19:30:35

The owners of the land in Kfar Shalem, currently occupied by squatters, will be partners in the combination deal.



Israeli household debt low by developed world standards

Mon, 19 Feb 2018 17:39:26

Israelis have used their higher wages to pay for the increase in private consumption.



Colonoscopy device co Motus GI raises $17.5m on Nasdaq

Mon, 19 Feb 2018 17:42:14

Tirat Hacarmel based Motus GI has developed Pure-Vu for cleaning the colon in advance of a colonoscopy.



Paris Vivatech show expects strong Israeli presence

Mon, 19 Feb 2018 16:00:42

Maurice Levy: Vivatech has an ongoing love story with Israel. This year's show will also feature a focus on Africa.



Energean plans $500m London IPO for Israel gas fields

Mon, 19 Feb 2018 14:54:59

Energean is also considering dual listing on the Tel Aviv Stock Exchange.



Delek, Noble sign $15b gas deal with Egyptian co

Mon, 19 Feb 2018 17:37:45

The energy companies have signed binding agreements to provide 64 BCM of gas to Egypt's Dolphinus Holdings.



Cybersecurity co Morphisec raises $12m

Mon, 19 Feb 2018 15:43:55

Beersheva-based Morphisec specializes in Moving Target Defense.



Saidoff last man standing in Eurocom battle

Mon, 19 Feb 2018 13:29:52

Nevertheless, other parties may step in to bid for Bezeq's ultimate parent before the deadline.



Arrow 3 missile scores space test success

Mon, 19 Feb 2018 11:52:40

An advanced version of the Israeli interceptor missile hit a simulated target outside the atmosphere.



Court extends remand of Bezeq execs

Mon, 19 Feb 2018 10:46:06

Prime Minister Benjamin Netanyahu: This case too is a media balloon that will burst.



Experts: Jerusalem-Tel Aviv railway not safe to operate

Mon, 19 Feb 2018 16:23:34

Engineers and safety experts have told "Globes" that if the trains start operating next month, there is liable to be a disaster.



Intel to invest $4.5b in Israel in 2018

Sun, 18 Feb 2018 18:02:33

Sources inform "Globes" that Intel will receive 20%-30% of the investment in Israeli government grants.



Golf online fashion unit Adika plans TASE IPO

Sun, 18 Feb 2018 17:43:40

Golf acquired Adika in January 2015 in an estimated NIS 40 million deal.



Apartments sold and rented

Sun, 18 Feb 2018 16:45:12

A selection of recent real estate deals in Israel including in Herzliya, Ramat Gan, Givatayim, Kfar Saba, Ness Ziona and Netanya.



IKEA Beersheva branch begins operations

Mon, 19 Feb 2018 07:08:58

IKEA's fourth branch in Israel opens to the public next week. IKEA expects 800,000 people to visit the store and buy over three million items in 2018.



Neurovascular device co Perflow Medical raises $12m

Sun, 18 Feb 2018 15:39:02

Stream Net is a thrombectomy device designed to address unmet clinical needs in the treatment of acute ischemic stroke.



BoI to permit investment funds to buy credit card cos

Sun, 18 Feb 2018 14:48:44

Final criteria for acquiring the companies have been published.



Nano Dimension raises $12m

Sun, 18 Feb 2018 14:46:41

The company's share price plummeted 30% on Nasdaq and 17% on the TASE.



Sagi selling Brack stake for NIS 1.4b

Sun, 18 Feb 2018 13:11:48

Adler Real State is aiming at a 70% controlling interest in Brack Capital Properties, while Teddy Sagi will make NIS 300 million in his investment from last May.



Egyptian court rules gas cos must pay EMG $1.033b

Sun, 18 Feb 2018 12:34:19

EMG co-owner Josef Maiman filed the lawsuit as a Polish citizen.



"Plan exists for $4-5b Intel investment in Israel"

Sun, 18 Feb 2018 11:30:30

The investment target is probably an upgrade of the Intel Kiryat Gat fab to 7-nanometer technology.



IAI, General Atomics competing for €230m UAV tender

Sun, 18 Feb 2018 15:47:00

IAI won a German UAV tender against General Atomics, but the deal has been delayed by political pressure.



Police, ISA arrest senior Bezeq execs

Mon, 19 Feb 2018 10:32:27

The lawyer for suspended Communications Ministry director general Shlomo Filber has confirmed that he is also among those detained today.



Cramer shocked by Buffett's investment in "second-rate" Teva

Fri, 16 Feb 2018 15:56:08

Financial pundit Jim Cramer told CNBC that "It is amazing that Warren Buffett goes for what I largely regard as the worst of the worst."



Kahlon: Intel will shortly invest billions in Israel

Sun, 18 Feb 2018 11:31:16

Intel says no large project is currently planned. Minister of Finance Moshe Kahlon was speaking at the Ecosystem Haifa conference.



CPI down 0.5% in January

Thu, 15 Feb 2018 20:05:23

The fall is steeper than analysts expected. The new homes price index fell 1.4%.



DreaMed Diabetes decision platform receives CE mark

Thu, 15 Feb 2018 19:23:25

Advisor Pro supports personalized insulin therapy planning for people with Type 1 diabetes that use insulin pumps.



NICE Systems posts 14% EPS growth for 2017

Thu, 15 Feb 2018 19:11:32

CEO Barak Eilam: Our addressable market has increased five-fold.



Gastro-intestinal endoscopy co SMART raises $8m

Thu, 15 Feb 2018 16:26:50

The Israeli company's G-EYE is a novel add-on balloon device that works with standard endoscopes to assist visualization of the colon.



Zion Oil jumps on signs of oil in Jezreel Valley

Thu, 15 Feb 2018 16:11:35

Zion Oil CEO Victor Carrillo said he was "enthusiastic about seeing clear signs of hydrocarbons," at the Megiddo-Jezreel well.



Why did Israel not deploy F-35s in Syria?

Thu, 15 Feb 2018 14:45:53

"Defense News" speculates that the Israel Air Force erred in its calculations in not deploying the stealth jets.



Israel AI co CommonSense Robotics raises $20m

Thu, 15 Feb 2018 14:40:52

The company uses AI and robotics tech to help online grocery retailers speed up sorting and processing inventory, taking orders, and delivering them.



Teva closing Netanya plant, laying off 220

Thu, 15 Feb 2018 13:59:57

The activities of the Plantex plant, which produces complex API, will be transferred to China or India.



Zisser’s heirs to pay Hapoalim NIS 95m

Mon, 19 Feb 2018 17:41:31

Business intelligence firm Black Cube uncovered family assets.



Japan's Miniso to open first Israeli store in Tel Aviv

Thu, 15 Feb 2018 17:14:38

50% of the design and accessory chain's products will be sold at prices of up to NIS 20.



Shekel bounces back on dollar weakness

Thu, 15 Feb 2018 11:25:21

The Israeli currency continues to weaken against the euro.



Honigman files for court protection from creditors

Thu, 15 Feb 2018 11:27:56

The retail fashion chain has over 1,000 employees and 150 branches throughout Israel.



Buffett boosts Teva with $358m investment

Thu, 15 Feb 2018 07:57:03

Teva's share price is soaring after Berkshire Hathaway reported buying a 1.8% stake in the Israeli pharmaceutical company.



Galmed plunges after failed AIDS drug trial

Wed, 14 Feb 2018 20:11:56

The company is still testing its drug for treatment of fatty liver.



Gil Shwed raises Check Point stake to 18.9%

Wed, 14 Feb 2018 20:10:18

The company's CEO, Shwed is paid only the minimum wage, but receives generous remuneration in shares.



Israel tax chief gave evidence on "Milchan Law"

Wed, 14 Feb 2018 18:06:03

Moshe Asher wants to repeal the law, which police allege was enacted by Benjamin Netanyahu's government to give tax exemption to Arnon Milchan.



InterContinental to open Downtown Jerusalem hotel

Wed, 14 Feb 2018 17:11:47

The new hotel on King George Street will compete with the King David Hotel for high-end customers.



Sodastream beats analysts on 2017 revenue and profit

Wed, 14 Feb 2018 16:59:44

Revenue was up 14.1% and profit grew 67%.



Shekel losses continue

Wed, 14 Feb 2018 15:08:46

The shekel is at its weakest for two months against the dollar and for 20 months against the euro.



Raviv Zoller to be appointed Israel Chemicals CEO

Wed, 14 Feb 2018 14:23:26

Zoller will replace acting CEO Asher Grinbaum.



China's Ogawa sets up Israel investment fund

Wed, 14 Feb 2018 13:42:05

The $10 million fund will invest in digital health and quality of life.



Magal buys Israeli video security co ECS BAZ

Wed, 14 Feb 2018 14:34:06

BAZ products include a wide range of modular and customizable medium and long range surveillance systems for distances from 500m up to 25km.



Nitsba to build hotel at Airport City

Wed, 14 Feb 2018 12:58:02

The company has requested a permit to build a 250-room hotel at the entrance to the Airport City business park near Ben Gurion Airport.



Idan Ofer increases stake in Atletico Madrid to 32%

Wed, 14 Feb 2018 12:27:03

The Israeli businessman is buying a 17% stake in the Spanish soccer club for a reported €50 million.



Israel Chemicals profit soars in 2017

Wed, 14 Feb 2018 12:02:10

The company reported a fourfold rise in profit for the fourth quarter.



Wix sees 40% revenue growth in 2018

Wed, 14 Feb 2018 10:52:47

The Israeli cloud-based web development platform has reported 47% revenue growth for 2017 and expects 40% growth in 2018.



Israeli cannabis analysis co GemmaCert raises $2.25m

Wed, 14 Feb 2018 09:53:42

GemmaCert allows any person to analyze and obtain accurate results on potency and quality in about 30 seconds.



Voluntary disclosure has hidden fines

Wed, 14 Feb 2018 00:00:57

Taxpayers unable to prove the source of their unreported capital will have to pay a fine.



Police recommend indicting Netanyahu

Wed, 14 Feb 2018 06:06:00

Yair Lapid told police that Benjamin Netanyahu wanted to enact a law giving tax exemption to Arnon Milchan and other wealthy returning Israeli residents.



Gov't gives green light for Elbit to acquire IMI Systems

Tue, 13 Feb 2018 18:32:06

The government will reportedly receive NIS 1.9 billion from the sale of shares in the privatization of Israel Military Industries.



New Ben Gurion airport wing to open Thurs

Tue, 13 Feb 2018 18:07:04

The fourth passenger wing at Israel's major airport will increase capacity at Terminal 3 by 1,800 passengers per hour.



Momenta receives approval for 40mg generic Copaxone

Tue, 13 Feb 2018 17:18:50

IBI Investment: The new competition will cost Teva $0.15 per share in profit in 2018.



Philips Healthcare expanding its Israel workforce

Tue, 13 Feb 2018 16:33:49

The company is hiring employees for its cancer informatics division in Israel.



Israeli B2B fintech co Tipalti raises $30m

Tue, 13 Feb 2018 15:17:09

Tipalti’s cloud-based payables automation platform helps CFOs scale payable operations for rapid and global growth.



Cybersecurity co Perception Point raises $8m

Tue, 13 Feb 2018 13:37:30

The Israeli company already offers an advanced email protection solution, and will use the funds to expand its global presence and product portfolio.



Knesset approves rise in disability allowance

Tue, 13 Feb 2018 13:11:53

The first stage of the rise will go into effect on March 1. The disabled organizations say they will continue their campaign.



Dead Sea level falling 1.2 meters per year

Tue, 13 Feb 2018 12:47:50

The level of the Dead Sea was only falling by 0.7 meters annually 40 years ago reports the Ministry of Environmental Protection.



Eni CEO: Cypriot gas reservoir could contain 230 BCM

Tue, 13 Feb 2018 10:54:47

Speaking in Egypt, Claudio Descalzi said the region could become a natural gas power if it pooled resources.



Demand for Fattal IPO over NIS 1b

Mon, 12 Feb 2018 19:37:56

The minimum company value for the offering is NIS 3.4 billion, before money.



Banks may be instructed to pass credit data to fintech cos

Mon, 12 Feb 2018 19:34:49

The Bank of Israel and the Ministry of Finance want to facilitate price comparisons and competition.



Ganor, Shimron and the Caucasus submarine deal

Mon, 12 Feb 2018 19:08:45

German businessman Michael Herzog: Miki Ganor seemed to regard David Shimron as his business partner.



Israel signs tenders agreement with NATO

Mon, 12 Feb 2018 18:54:06

Israeli companies can now bid for defense tenders worth an estimated $4.5 billion.



Sapiens slumps on profit warning

Mon, 12 Feb 2018 19:18:36

A large project in Japan was called off, resulting in streamlining and layoffs by the company.



Swiss co Uster buys Elbit Vision Systems for $32m

Sun, 18 Feb 2018 13:01:23

Based in Caesarea, the Israeli company has developed machine vision inspection for textile fabrics and technical webs.



Teva CFO promises better days ahead

Mon, 12 Feb 2018 14:36:13

With generic drug prices falling sharply in the US and a potential delay in FDA approval for Teva's migraine treatment, Michael McClellan insists the company will soon be on solid ground.



Eni confirms Cyprus gas discovery

Tue, 13 Feb 2018 12:40:35

The size of the "promising" Calypso 1 discovery is not yet known.



Chinese bike-sharing co Ofo opens in Israel

Mon, 12 Feb 2018 12:42:17

Ofo has appointed Imri Galai to head its Israel branch.



Weekend fighting seen tipping balance on defense budget

Mon, 12 Feb 2018 10:53:08

Minister of Defense Avigdor Liberman is demanding more money to meet new threats, despite the accord reached with the Finance Ministry two years ago.



Prico: BoI using foreign bank in forex market to weaken shekel

Mon, 12 Feb 2018 08:31:32

Prico CEO Yossi Fraiman says the Bank of Israel is working with major players in the foreign currency market to raise the shekel-dollar exchange rate above NIS 3.60/$.



New central bus station bothers Tel Aviv mayor

Sun, 11 Feb 2018 17:49:08

The Tel Aviv municipality wants the bus station moved elsewhere within a decade.



Wizz Air becomes Israel's most popular foreign airline

Sun, 11 Feb 2018 17:47:15

Wizz Air flew 74,500 passengers to and from Israel in January, 90% more than in January last year.



Apartments sold and rented

Sun, 11 Feb 2018 16:37:44

A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Herzliya, Holon, Ness Ziona, Netanya and Beersheva.



Home sales slow in 2017

Sun, 11 Feb 2018 14:24:49

99,171 homes were sold in 2017, down 10.5% from 110,806 in 2016, the Chief Economist of the Ministry of Finance reports.



Israeli co PolyPid files for $86m Nasdaq IPO

Sun, 11 Feb 2018 13:11:07

PolyPid is a clinical-stage pharmaceutical company with an initial focus on antibiotics for the prevention and treatment of post-surgical site infections.



Isrotel leases new Tel Aviv hotel

Sun, 11 Feb 2018 12:28:08

The new 234 room hotel on Tel Aviv seafront, adjacent to the Isrotel Royal Beach, will be built by 2021.



Capital Research reaches 12% stake in Teva

Sun, 11 Feb 2018 10:14:38

Foreign parties at interest now own 28.5% of the company.