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Globes (118 most recent articles)

The Phoenix Holdings buys Wobi, an Insurtech platform for comparing insurance prices, in a NIS 150 million deal. Wobi focuses on vehicle insurance and will be expanded to other insurance products in the future.
Tel Aviv stocks have surged to all-time highs following President Trump's peace plan announcement for the Gaza Strip. The Tel Aviv 35, 125, and 90 indices have all seen significant increases, with top advancers including Priortech, Camtek, Shikun & Binui, and Bet Shemesh Engines.
Reports by Start-Up Nation Central and IVC-LeumiTech reveal a contradictory trend in the Israeli tech industry, with a peak in M&As but a decrease in private capital raising. The market is shifting towards bigger financing rounds for mature companies, while early-stage startups face challenges attracting investors.
Winvia Entertainment to relist on London's AIM with a £200 million valuation, seeking funds for acquisitions. The company operates prize draws on its website and is not classified as a gambling company.
Bank of Israel Governor Prof. Amir Yaron clarifies that the interest rate decision is not directly influenced by the end of fighting and discusses the factors affecting future decisions, including inflation trends and market uncertainty.
The shekel is strengthening ahead of Trump's meeting with Netanyahu, driven by positive Gaza ceasefire prospects, US market gains, and robust Israeli macroeconomic data. Analysts warn of unrealized risks if an agreement is not reached.
The Tel Aviv 35 Index rose 2.70% to 3,116.75 points, with turnover totaling NIS 1.91 billion in equities and NIS 4.08 billion in bonds.
Spain has canceled a €207 million arms deal with Israeli company Rafael Advanced Defense Systems to procure Litening 5 targeting and navigation pods for 46 Eurofighter Typhoon fighter jets, marking the third arms deal cancellation in protest at the continuing war in Gaza.
Tel Aviv's Kikar Hamedina is being revitalized with the construction of three residential towers and a park. The project, which includes upgrading infrastructure and public spaces, aims to bring new life to the area.
Tipalti secures $200 million in debt financing for growth and development, despite recent layoffs. The company reports continued business growth, with annual recurring revenue surpassing $200 million and a significant increase in payment processing volume.
The Tel Aviv 35 Index fell 1.58% today, with turnover totaling NIS 2 billion in equities and NIS 2.91 billion in bonds. The market reopens Thursday after the holiday.
Bank Hapoalim offered customers a NIS 100 grant or two shares, currently worth NIS 125.7, resulting in 240,000 new customers entering the capital market. CEO Yadin Antebi opened trading on the Tel Aviv Stock Exchange to mark the share distribution.
The proposed arms package includes $3.8 billion for 30 Apache AH-64 helicopters and 3,250 infantry assault vehicles worth $1.9 billion. The Trump administration is working to secure Congressional approval for the deal.
Discount Bank will sell its majority stake in ICC-CAL to Union Investments and Harel for NIS 3.75 billion, with the possibility of First International Bank joining the deal for a total stake. The sale could impact ICC-CAL's ability to obtain a 'small banking' license.
The main indices on the Tel Aviv Stock Exchange rose today, with notable advancers including Camtek, Priortech, and Next Vision. Turnover totaled NIS 4.94 billion in equities and NIS 4.43 billion in bonds.
Greece is facing delays in an arms deal with Israel due to the conflict in Gaza. The deal includes various munitions and joint production in Greece, but officials are cautious about appearing to manufacture offensive weapons amidst the conflict.
A study by the Taub Center for Social Policy Research shows a concerning trend of rising tech unemployment and fewer job vacancies in Israel's tech sector. The use of AI and the effects of the war are cited as main reasons for the shift.
The European Commission proposes trade and other sanctions against Israel, including suspending the free trade agreement and establishing a fund for Palestinians, to address the humanitarian situation in Gaza.
Tel Aviv University and the Technion, Israel Institute of Technology, have been recognized for their excellence in producing entrepreneurs, with Tel Aviv University ranked seventh and the Technion ranked tenth globally by PitchBook.
Minister of Transport Miri Regev is facing backlash for considering allowing Uber to operate in Israel, a move that has sparked controversy and opposition from taxi drivers. Regev's push for reform comes amidst criticism of delays and budget issues in long-term transportation projects.
HBO Max will bring popular series like The White Lotus and Game of Thrones to Israel after negotiations with major providers for subsidized packages.
Stocks on the Tel Aviv Stock Exchange are declining following the Prime Minister's speech and reports of Israeli ground forces in Gaza City. Leading banks are down, while some stocks are seeing gains.
Israeli drone camera company NextVision is raising $400 million from investors, with the majority coming from overseas. The company has seen a significant increase in share price and is set to join the Tel Aviv 35 Index.
Three key executives leave One Zero as the bank faces challenges in achieving profitability. New appointments are made as the bank aims to streamline operations and focus on technological development.
Nesher mayor threatens legal action over benefits offered to Nvidia for new development center, but legal sources say petition unlikely to succeed based on past state practices.
Israel's tallest residential tower project in Ramat Gan includes a mix of offices, rental housing units, and student dormitories. The development is led by Israel Canada, BSR, and Clal Insurance Enterprise Holdings, with construction expected to be completed by 2030.
Enav partners with Phoenix Financial to finance four urban renewal projects, totaling 1,027 housing units in key cities across Israel. Enav is a pioneer in the urban renewal sector, with a backlog of over 25,000 housing units to be built in the coming years.
Via's successful IPO marks the beginning of Israeli companies considering Wall Street flotations. Anticipated interest rate cuts and economic growth in the US are driving this trend.
A selection of second-hand apartments were sold in different regions of Israel, with prices ranging from NIS 1.6 million to NIS 6.75 million. The deals were reported on the Israel Tax Authority website.
Via Transportation and investors raised $493 million in an IPO, with shares priced at $46 each. The company's valuation is now $3.65 billion.
Ryanair CEO questions return to Israel due to ongoing issues with Israel Airports Authority, casting doubt on planned flight renewals.
IAI's Barak 8 system, part of India's defense plan, aims to provide full security coverage to strategic facilities by 2035. The system was the source of Israel's biggest-ever defense deal with India between 2017 and 2023.
The Tel Aviv light rail system faces obstacles such as low passenger numbers, limited station accessibility, and delays in completing additional lines. Despite improvements in travel times, challenges remain in fully realizing the system's potential.
Shufersal and Big Shopping Centers have agreed to a deal involving the sale of land for a new mall development. The agreement signals a new direction for Shufersal and potential growth opportunities for both companies.
Israeli venture capital funds are facing a major decline in fundraising, with only $260 million raised by 12 funds so far in 2025. Foreign investors are also reducing their investments in Israel, impacting the country's tech industry.
Nadav Abrahami, co-founder of Wix, is launching a new company called Dazl that focuses on vibe coding and generative AI technology. Dazl aims to simplify the process of creating apps and websites for users through text instructions and is currently raising $10 million in funding.
Banks are lowering mortgage rates despite no cut from Bank of Israel. Falling bond yields and unsold homes are driving the adjustment. The decline in rates is due to expectations of a future rate cut and lower financing costs for banks.
Aviv Shapira, CEO of Xtend, shares his entrepreneurial journey from childhood to founding a successful defense company. Xtend has raised $90 million, secured almost $100 million in contracts, and developed AI-driven drones and software for various missions.
Israeli company Vectorious Medical Technologies, known for its therapies for structural heart disease, has been acquired by Edwards Lifesciences at a $497 million valuation. The acquisition marks Edwards' continued investment in Israeli companies and Vectorious' innovative approach to heart disease treatment.
Nvidia is moving forward with plans for a new campus in northern Israel, with executives currently visiting potential sites. The chosen location will host thousands of employees and be in close proximity to the company's current headquarters.
The Tel Aviv Stock Exchange experienced gains today with multiple indices rising, while turnover in equities and bonds was notable. The shekel-dollar and shekel-euro rates also saw decreases.
Ryanair is selling tickets at attractive prices from Tel Aviv to destinations such as Paphos, Vienna, Bucharest, and Saloniki. The airline's fare-setting algorithm adjusts prices based on demand and booking date, potentially indicating a decline in demand for flights to and from Israel.
Varonis Systems acquires SlashNext to expand its security offerings and increase market reach. The acquisition will allow Varonis to provide comprehensive data security solutions to its customers.
Scandinavian airline SAS is returning to Israel after a nine-year absence to offer direct flights to Copenhagen. The new route comes as demand for Denmark among Israeli tourists has fallen in recent years.
Eyal Ron has been appointed as Rubrik Israel site lead, taking over from Amit Shaked who has been promoted. Ron's background in cybersecurity and leadership roles will be valuable in driving Rubrik's strategic initiatives and security capabilities globally.
Israeli defense electronics company Aryt Industries has experienced a significant rise in its stock price and net profit in 2025, driven by strong financial results and large orders from the Ministry of Defense. The company is also expanding its operations in Europe, the US, and India.
IEC's NIS 8 billion deal with Tamar may be cancelled, prompting negotiations with Leviathan. Rising gas prices due to high demand and export agreements pose a threat to the Israeli economy.
El Al, a profitable airline in Israel, has not paid taxes since privatization due to past losses. However, the company is close to covering its losses and can now distribute dividends to shareholders, including controlling shareholder Kenny Rozenberg.
WSP is shutting down its Israel office, sparking fears about the impact on the Israeli market and competition for infrastructure projects. The decision comes amid concerns about pressure on western companies to halt operations in Israel due to the conflict in Gaza.
New home sales in Israel have dropped by 28% in the first half of 2025, impacting major cities like Ashkelon, Petah Tikva, and Beersheva. The decline in new apartment purchases contrasts with a minimal decrease in second-hand sales, leading to concerns about the real estate market in these areas.
Morocco has completed a successful trial of an Israeli-made guided missile, marking a significant step in its defense modernization. The country continues to expand its military procurement from Israel, moving away from previous French suppliers.
Carasso Motors chief executive Itzik Weitz has led the company to record growth and financial success, selling shares worth NIS 122 million. Strong sales of Chinese car brands have driven a surge in revenue and market share.
Rafael will supply 90 advanced targeting pods to the German Air Force in a €358 million deal. The system promises improved surveillance and weapon guidance for Typhoon aircraft. German officials highlighted its advanced capabilities and operational benefits.
Gad Dairies is planning an initial public offering at a valuation of seven hundred and twenty-five million shekels, aiming to finance a move to a new production site. The company also announced an acquisition in the plant-based food sector and detailed several insider deals in its prospectus.
Turkey has blocked an Israeli-owned ZIM ship from docking in Istanbul as part of new anti-Israel measures. The ship was forced to continue to Greece, and Turkish ports are now prohibiting any Israeli connections. International shipping companies are seeking guidance amid the expanding restrictions.
Tower and Clal Insurance led gains on the Tel Aviv Stock Exchange, while Elbit systems and Teva declined. Key indices rose sharply, and Alony Hetz surged outside the main index.
Competition among airlines has led to more flight options and lower fares from Israel to Southeast Asia. Direct flights and increased connections via the UAE are making travel more accessible and affordable.
Xtend has won a tender to supply 5,000 assault drones to the Israeli army, with an option for more. The deal has sparked industry debate over cost and foreign components. Experts question whether the move is timely enough compared to global trends.
El Al will restart flights between Ben Gurion airport and Eilat after more than ten years, beginning October 21. The renewed service aims to improve connectivity for Eilat residents, though airlines note the route remains unprofitable outside peak seasons.
New home prices in Israel may rise by up to 10% due to a sharp increase in construction costs. Developers and contractors are facing higher expenses, and buyers are expected to absorb these costs. Further increases in the building inputs index are anticipated in the coming months.
Thoma Bravo is in talks to acquire Israeli cybersecurity firm Armis for $5 billion. Insight Partners could receive up to $3 billion for its stake if the deal closes.
The Tel Aviv Stock Exchange closed mixed, with banking stocks leading declines and technology shares rising. Key indices posted small losses, while corporate bonds edged higher. Azrieli Group shares fell after its chief executive officer resigned.
Israel's economy shrank by 3.5% in the second quarter after a two-week shutdown in June. All major economic indicators fell, but there are early signs of recovery in consumer spending. The government has lowered its growth forecast for 2025.
Israel's inflation rate edged up in July, nearing the central bank's target, while home prices continued to fall for the fourth month in a row. Annual inflation now stands at 3.1%. Housing prices, despite recent declines, remain higher than a year ago.
Israel Discount Bank posted higher quarterly profits and announced plans to speed up the sale of its ICC-CAL credit card business. Three groups are interested in acquiring the stake. The bank will also distribute dividends to shareholders.
Mizrahi Tefahot Bank will pay a 50% dividend from its steady quarterly profit, granting controlling shareholders NIS 300 million. The bank posted strong returns despite a slight dip in performance.
Appcharge has raised $58 million to expand its direct-to-consumer platform for mobile game publishers. The company has seen rapid growth and aims to help publishers boost profits and engagement by owning player relationships.
Norway's sovereign wealth fund has divested from eleven Israeli companies and ended contracts with local financial institutions, citing the humanitarian crisis in Gaza. The move follows intense public and political pressure in Norway, but does not mark a full exit from Israeli investments. Further details are expected at a press conference on Tuesday.
Elbit Systems has secured a $260 million contract to supply airborne munitions for the Israel Defense Forces. The deal aims to boost local defense production and support military readiness amid ongoing regional challenges.
Israel's Ministry of Finance has cut its 2025 growth forecast due to ongoing conflict, but predicts a strong recovery in 2026. Experts warn that the latest estimates may already be outdated given recent developments.
A roundup of recent apartment sales in Jerusalem, Bat Yam, Ramat Hasharon, Rosh Ha'ayin, Hadera, and Beersheva shows a range of prices and property sizes. The deals were reported by the Israel Tax Authority.
Israeli artificial intelligence company Decart has raised $100 million at a $3.1 billion valuation, with most funding coming from existing investors. The company has seen its valuation surge more than six-fold in under a year.
Norway has ordered its sovereign wealth fund to review investments in Israeli companies amid concerns over ethical guidelines and links to the Gaza conflict. Officials highlighted unease about holdings in Beit Shemesh Engines, which is reportedly connected to military activities in Gaza.
Two adjacent seafront penthouses in Tel Aviv are for sale at NIS 160 million each and can be combined into one property. These are among the city's priciest listings, featuring large spaces and luxury amenities. The market for such homes remains slow despite ongoing interest.
The shekel weakened sharply today due to local political and security concerns, but analysts expect it to recover in the medium to long term. Israeli stock indices also declined, contrary to global markets.
The Tel Aviv Stock Exchange closed lower on Monday, with most major indices falling. Teva led the declines, while Elbit and Tower gained. The shekel strengthened against the dollar but weakened against the euro.
Israel's Transport Ministry is debating whether to let Wizz Air open a hub at Ben Gurion Airport, a move that could lower fares but threaten local airlines. The decision pits increased competition against protecting Israeli carriers, with a final verdict expected soon.
A roundup of recent apartment sales in cities across Israel shows a wide range of prices and property sizes. Deals were reported in Givatayim, Hod Hasharon, Rosh Ha'ayin, Haifa, Kiryat Motzkin, and Ofakim. All transactions were listed by the Israel Tax Authority.
Palo Alto Networks is in talks to acquire CyberArk Software for over twenty billion dollars. The deal could be finalized this week, sending CyberArk's shares to a record high.
Israeli defense firms are seeking roles in the United States' new Golden Dome defense project, which targets advanced missile and drone threats. The system's design and budget are still being defined, and international partnerships will be key to its development.
The European Commission has proposed partially suspending Israel's participation in the Horizon research program as a sanction for its actions in Gaza. The move targets Israeli companies in security-related fields and awaits approval from European Union member states. The sanction is intended as a warning and does not affect academic collaborations.
Elbit Systems has won a $260 million contract to supply self-protection systems for Germany's A400M aircraft. The deal with Airbus Defence and Space will be delivered over six years, boosting Elbit's market value.
Apartments in Jerusalem, Tel Aviv, Netanya, Rehovot, and Harish were recently sold, with prices varying by location and size. The deals reflect ongoing activity in Israel's real estate market. All transactions were listed by the Israel Tax Authority.
Ampa has completed a major stock market offering and plans to expand its WeWork operations and urban renewal projects. CEO Zohar Levi sees positive signs in the office market and aims to leverage Ampa's assets for future growth. The company is focused on both shared workspaces and residential development.
Mobileye exceeded analyst expectations in the second quarter and raised its 2025 revenue outlook. The company's shares rose after the announcement, despite a reported net loss.
Tipalti is laying off dozens of employees globally, including 40 in Israel, as part of a major restructuring. The company is focusing on mid-market clients and reducing support for smaller customers.
Lufthansa Group will partially restart flights to Tel Aviv from August 1, with some airlines resuming service while others delay until later in the year. The group will operate 44 weekly flights in August.
The Tel Aviv Stock Exchange hit new record highs, led by insurance stocks and Fattal. The shekel strengthened against major currencies, while Isracard shares dropped sharply.
The Tel Aviv Stock Exchange closed flat, with Bezeq and El Al leading gains while Tower and Nova declined. Trading volumes were strong, and market indices saw only minor changes.
Datadog is in advanced talks to acquire Israeli cybersecurity company Upwind Security for up to $1 billion. The deal would be Datadog's largest in Israel and would boost its cloud security offerings.
United Airlines has resumed Tel Aviv-New York flights earlier than planned, signaling renewed confidence in Israel's security. Fares remain high due to limited supply, but new competition may help lower prices soon.
The shekel is weakening due to domestic concerns and global economic factors. Foreign investors are returning to the local market, but the exchange rate is expected to remain stable for now.
El Al CEO Dina Ben-Tal Ganancia is resigning after leading the company through turbulent times. She has been credited with achieving record profits but has also faced public criticism for increased airfares.
Israel's Missile Defense chief Moshe Patel reflects on the exceptional results of the country's air defense systems against Iranian threats and outlines plans for future enhancements and developments in response to evolving security challenges.
The technology industry in Israel is experiencing a surge in jobseekers, particularly affecting experienced workers in core roles. The rise in unemployment is not limited to peripheral jobs, with mid-career employees hit the hardest.
SpaceX and Israel Aerospace Industries are teaming up for the launch of the Dror 1 satellite, which aims to provide communications independence for Israel. The satellite will orbit in geostationary orbit and is equipped with advanced communication systems.
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