Globes (EN)


Israel's Business Arena

New CEO Kare Schultz plans shedding 20% of Teva's workforce worldwide. CSO Dr. Michael Hayden is expected to be replaced.
Posted: November 23, 2017, 11:24 am
The Israeli bank has now set aside NIS 960 million for fines to the US authorities for allegedly helping US citizens evade tax.
Posted: November 23, 2017, 11:08 am
A seven-floor building with 27 apartments is planned for the site.
Posted: November 23, 2017, 9:59 am
Association of Craft and Industry in Israel president Yossi Alkoby says small businesses suffer from a shortage of skilled workers.
Posted: November 23, 2017, 8:50 am
Parents of disabled children need no longer apply to Income Tax Offices or present medical certificates.
Posted: November 23, 2017, 8:47 am
Israelis investing abroad no longer need inform the Tax Authority about such investments in advance, instead the banks will provide data about overseas payments.
Posted: November 23, 2017, 8:46 am
PennantPark Floating Rate Capital Ltd. has priced an institutional offering of $138.7 million (NIS 490 million) on the TASE.
Posted: November 23, 2017, 8:35 am
The new Israeli bills are now available to the public through the commercial banks, automatic teller machines, and post office branches.
Posted: November 23, 2017, 7:11 am
Founder Hadar Goldman: The US rental real estate market is behind the times.
Posted: November 22, 2017, 9:01 pm
The company is setting up a farm and packaging plant for medical cannabis.
Posted: November 22, 2017, 6:25 pm
UK Defense Ministry: We selected Rafael for a £78 million contract to provide the main computer system and boost our defense of the Falkland Islands.
Posted: November 22, 2017, 5:10 pm
The Sand Cat enables 10 policemen to move safely in a vehicle that is no larger than an average family SUV.
Posted: November 22, 2017, 5:07 pm
Natural gas piped from Cyprus can either be used in Egypt or exported to Europe.
Posted: November 22, 2017, 4:58 pm
A price war is developing between the chains marketing the phone.
Posted: November 22, 2017, 3:58 pm
The international personal care and cosmetics company will receive a four-year option to acquire the entire company.
Posted: November 22, 2017, 1:14 pm
SK Capital has renamed the API company Wavelength Pharmaceuticals.
Posted: November 22, 2017, 12:47 pm
The Tel Aviv based company has also entered into a strategic agreement today with ELITE, London Stock Exchange Group's business support and capital raising program.
Posted: November 22, 2017, 12:27 pm
Trading in the Israeli carrier's share has been volatile in recent days.
Posted: November 22, 2017, 12:15 pm
The stronger euro and weaker dollar on world markets is reflected in shekel forex trading today in Tel Aviv.
Posted: November 22, 2017, 11:49 am
Floyd Mayweather: As soon as I saw Wild Poker, I knew I wanted to become part of it.
Posted: November 22, 2017, 11:43 am
CEO Nir Sztern: Cellcom tv operations shifted to profitability and to a positive contribution to the company's results in the third quarter of 2017.
Posted: November 22, 2017, 10:17 am
Canadian mining company Lucara Diamond mined the 813-carat diamond in Botswana, and sold it for $63 million.
Posted: November 21, 2017, 9:11 pm
The Israeli company has developed an app to manage complex construction projects and reports that it can speed up construction by 25%.
Posted: November 21, 2017, 8:45 pm
Over half of the municipality's employees have at least one other relative working there.
Posted: November 21, 2017, 6:45 pm
The company's goal is to provide a tool that will allow young people to control their virtual lives.
Posted: November 21, 2017, 6:00 pm
The acquisition of the ophthalmology products company will generate $23-27.3 million in cash flow for BioLight, IOPtima's controlling shareholder.
Posted: November 21, 2017, 5:35 pm
The Tel Aviv based company provides cybersecurity systems for industrial operational technology (OT) networks.
Posted: November 21, 2017, 4:00 pm
The Israeli carrier's share price has fallen over 50% in the past year although it has risen 250% over the past three years.
Posted: November 21, 2017, 2:49 pm
Histadrut chairman: Israel has revolutionized its nursing care.
Posted: November 21, 2017, 1:55 pm
The shekel remains robust after Israel's stronger than expected third quarter growth data.
Posted: November 21, 2017, 1:40 pm
The US activist investor says the Israeli big data connectivity company spends too much on R&D, reports the "Wall Street Journal."
Posted: November 21, 2017, 12:40 pm
Most of the money is designated for funding the company's upcoming clinical trial for stroke treatment.
Posted: November 21, 2017, 12:28 pm
30,000 subscribers have joined Partner's television service.
Posted: November 21, 2017, 11:05 am
Frutarom president and CEO Ori Yehudai: We are raising our target sales for 2020 to US$ 2.25 billion.
Posted: November 21, 2017, 10:50 am
The corresponding quarter's profit reflected material one-time income. The bank has raised its dividend.
Posted: November 21, 2017, 9:41 am
DiA has developed automated imaging analysis technology for ultrasound designed for non-specialist medical personnel.
Posted: November 20, 2017, 7:34 pm
Minister of Defense Avigdor Liberman: Major and dramatic change in the region entails reopening the accord on defense spending.  
Posted: November 20, 2017, 6:27 pm
The Indian Defense Ministry has pulled out of talks for the Israeli company's Spike antitank missile, the "Indian Express" reports.
Posted: November 20, 2017, 5:35 pm
The 13-floor hotel will be adjacent to the north beach's Herods Palace hotel.
Posted: November 20, 2017, 4:56 pm
The company has developed an efficient solution for hiring high-tech talent using big data, artificial intelligence and machine learning.
Posted: November 20, 2017, 4:29 pm
PennantPark and Starwood will join 30 other US companies that have raised debt worth NIS 18 billion on the TASE.
Posted: November 20, 2017, 2:45 pm
New customers will no longer have to visit a bank branch for identification before opening an online account.
Posted: November 20, 2017, 2:08 pm
From next March, Wizz Air will operate daily flights on the route instead of the current four flights a week.
Posted: November 20, 2017, 12:39 pm
If agreement is reached, it will allow the two mobile companies to avoid duplicated future deployment.
Posted: November 20, 2017, 11:14 am
Consumption of natural gas in Israel rose 5.6% in the first nine months of 2017. 
Posted: November 20, 2017, 10:29 am
Arik Shor and Eyal Arad have teamed with Miki Delicatessen to boost market penetration for Israel's smaller food companies.
Posted: November 20, 2017, 10:05 am
Just two weeks after launching flights to Israel, AtlasGlobal has announced daily flights from December 1.
Posted: November 20, 2017, 9:57 am
A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Haifa, Kfar Saba, Sderot and Dimona.
Posted: November 19, 2017, 6:25 pm
Price controls were removed on diesel in 1993 and that market has become much more competitive than the gasoline market.
Posted: November 19, 2017, 6:22 pm
Harel chief economist: The potential contribution of acquired companies moved overseas is lost to the Israeli economy.
Posted: November 19, 2017, 5:04 pm
The Israeli drug development company's lead product is a targeted anti-cancer gene-therapy agent to treat a wide range of solid tumors.
Posted: November 19, 2017, 4:40 pm
Despite no major announcements, Teva's share price has risen 23% since it hit a low point after the company's third quarter results.
Posted: November 19, 2017, 3:59 pm
The ruling relates to a drive-by shooting in August 2001 on Road 443 in which three Israeli Jews were murdered.
Posted: November 19, 2017, 12:34 pm
Missbeez is a mobile platform providing a variety of lifestyle and beauty services to busy entrepreneurs.
Posted: November 19, 2017, 12:02 pm
The shekel has been boosted by rising inflation and the expectation of interest rate hikes in 2018.
Posted: November 19, 2017, 10:46 am
IDI Direct Insurance's third quarter profit grew by 112% to NIS 58 million. 
Posted: November 19, 2017, 10:46 am
Steinmetz is allowed to travel to Spain, Greece, Germany, the Czech Republic, Belgium, and the Netherlands, and any other country not in Europe or Africa.
Posted: November 19, 2017, 9:34 am
The Israeli center's 25 employees will help develop the new generation of Mercedes-Benz autonomous cars, said Dieter Zetsche.
Posted: November 19, 2017, 9:13 am
Together with its cyber insurance policy and risk insights, the Israeli company allows clients and brokers to better manage and control cyber risk.
Posted: November 17, 2017, 10:33 am
The Israeli company will use the new funding to advance programs in anal fissure, fecal incontinence, radiation colitis/proctitis and pruritus ani.
Posted: November 17, 2017, 10:03 am
Samsung unit HARMAN says the new hub will test and certify automotive cybersecurity, autonomous driving and smart mobility technologies.
Posted: November 16, 2017, 8:45 pm
With Israel facing a fifth successive drought year, the desalination plants are stepping up output.
Posted: November 16, 2017, 5:08 pm
GDP jumped impressively last quarter after rising at annual rates of only 2.5% in the second quarter and 0.9% in the first quarter.
Posted: November 16, 2017, 4:24 pm
However, even though the ISA has recommended indicting him, Elovitch will continue as chairman of Bezeq's subsidiaries, except Yes.
Posted: November 16, 2017, 3:48 pm
The red NIS 20 bill and orange NIS 100 bill will be issued on Thursday, reports the Bank of Israel.
Posted: November 16, 2017, 2:58 pm
The trustees of three series of bonds announced last night that the majority of bondholders supported Saidoff's offer for the company.
Posted: November 16, 2017, 1:44 pm
The shekel continues to weaken against the euro as figures show that growth in the eurozone outstripped US growth in the third quarter.
Posted: November 16, 2017, 12:38 pm
Strauss CEO Gadi Lesin noted the Group's global growth drivers in the coffee and water companies, along with continued focus on efforts to improve Sabra's results.
Posted: November 16, 2017, 11:28 am
The 31 kilometer highway between the Shoket Junction and Arad has been one of Israel's most dangerous roads.
Posted: November 16, 2017, 11:05 am
The experienced Israeli will work alongside the content recommendation company's CEO and cofounder Yaron Galai.
Posted: November 16, 2017, 9:32 am
The Israeli businessman is buying 10%-15% at a valuation of $700-750 million for the Spanish soccer club.
Posted: November 16, 2017, 8:37 am
The announcement by the Egyptian energy minister eliminates the possibility of exporting Israeli natural gas to Egypt.
Posted: November 15, 2017, 9:14 pm
114 taxpayers in Canada's voluntary disclosure program say that the Israeli bank helped them evade taxes.
Posted: November 15, 2017, 9:12 pm
Price inflation has climbed to 0.6% since the start of 2017, the Central Bureau of Statistics reports.
Posted: November 15, 2017, 6:42 pm
The Energy Ministry has received bids from Energean and an Indian energy consortium for its new round of 24 offshore blocks.
Posted: November 15, 2017, 4:52 pm
The companies' wireless communications network will cover all railway traffic in Israel.
Posted: November 15, 2017, 3:33 pm
The company has triple revenue and the number of its customers over the past year.
Posted: November 15, 2017, 3:21 pm
Speaking to "Globes," a State Department spokesperson has poured cold water on the optimism expressed by Justice Minister Ayelet Shaked on a US visa waiver.
Posted: November 15, 2017, 2:30 pm
Net profit rose in the third quarter to NIS 313 million, up from NIS 188 million in the corresponding quarter of 2016.
Posted: November 15, 2017, 11:03 am
The new devices featuring the Android operating system will cost NIS 700-2,000.
Posted: November 14, 2017, 11:07 pm
Alltrade, which dominates Israel's electronic recycling industry, has canceled its planned TASE IPO.
Posted: November 14, 2017, 11:05 pm
If Horesh exercises his option, he is likely to lease the land to Amdocs, which wants to buy it.
Posted: November 14, 2017, 6:30 pm
The company also announced the launch of “Helena”, a groundbreaking AI-driven headhunter that automatically scouts, approaches and sources the best candidates on behalf of employers.
Posted: November 14, 2017, 5:35 pm
The Tel Aviv based digital health company secures the use of the millions of connected medical devices on healthcare provider networks.
Posted: November 14, 2017, 4:00 pm
Israeli UAV company Aeronautics is suspected of corruption in a major deal.
Posted: November 14, 2017, 3:53 pm
The engineering services company aims to deepen its involvement in Israel’s startup and innovation ecosystem.
Posted: November 14, 2017, 3:32 pm
Allergan has attached its shares in Teva in favor of the JP Morgan bank as security for a one-year loan of unspecified size.
Posted: November 14, 2017, 3:07 pm
Elbit CEO: We see ongoing increases in defense budgets, which we have been able to capitalize on in many of our target markets.
Posted: November 14, 2017, 2:18 pm
Hadas Klein says that the Netanyahus wanted Arnon Milchan's professionals to mend a leak in their house.
Posted: November 14, 2017, 1:43 pm
The Greek energy company is considering raising money in London to fund development of the Karish and Tanin gas fields, reports "Reuters."
Posted: November 14, 2017, 12:55 pm
Ishay Davidi's FIMI Opportunity Funds has signed an MOU to invest NIS 125 million in the Migdal Ha'emek-based electronics company.
Posted: November 14, 2017, 11:46 am
JNF chairman Danny Atar agreed contributions to the state budget.
Posted: November 14, 2017, 11:43 am
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