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Globes (126 most recent articles)

Boston-based Battery Global Advisors is buying a 20 percent stake in Anan Data Centers at a 1 billion shekel valuation. The investment will help the company expand its data center projects in Israel.
Germany is negotiating with Israel Aerospace Industries for more Arrow 3 interceptors and an extension of its Heron drone program. The talks come as Germany strengthens its air defense amid rising security concerns in Europe. These deals mark deepening defense cooperation between Germany and Israel.
First International Bank will sell its stake in CAL-ICC for up to 1.1 billion shekels, pending regulatory approval. The deal could bring a substantial profit to the bank if completed.
The Tel Aviv Stock Exchange closed sharply lower, with major indices falling around 2 percent. The shekel weakened against key currencies, while a few companies bucked the downward trend with gains.
A seafront apartment in Tel Aviv's SIX 8 tower has sold for NIS 58 million, setting a new benchmark for luxury real estate in Israel. The tower, still under construction, is located in one of the city's most expensive areas.
Nvidia, Sheba Medical Center, and Mount Sinai Hospital are partnering to use artificial intelligence to decode the human genome. The initiative aims to unlock new insights into disease and health, with each partner contributing unique resources and expertise.
Mizrahi Tefahot Bank posted a third quarter profit of NIS 1.5 billion and will distribute half to shareholders. The bank saw double-digit growth in public credit and business lending, while maintaining a strong position in the mortgage market.
Elbit Systems surged after a major deal, but Nice and banks declined on a mixed day for the Tel Aviv Stock Exchange. Indices moved in different directions, and trading volumes remained high.
Itron is acquiring Israeli startup Locusview for $525 million in a deal expected to close in early 2026. Locusview's investors stand to gain significantly, and the acquisition aims to boost digital transformation in infrastructure management.
Ysrael Gurt, co-founder of Reflectiz, rose from self-taught programmer in a religious community to a leading figure in website security. He balances his high-tech career with a traditional lifestyle and aims to normalize the presence of religious entrepreneurs in the industry.
Chinese companies continue to win major infrastructure contracts in Israel, often by partnering with private firms. This trend persists despite Western concerns and increased scrutiny of foreign investments in strategic sectors.
Israel's economy grew by 12.4% in the third quarter of 2025, rebounding from a contraction caused by conflict. Growth was driven by strong gains in consumption, business activity, and investment.
Wonder Robotics will debut its new Prodigy assault drone, capable of vertical and horizontal attacks, at an exhibition in Tel Aviv. The drone uses advanced autonomous navigation and is being evaluated by security forces. The company is also enhancing its autonomous landing system for maritime use.
The Tel Aviv Stock Exchange rose today, led by gains from Tower and Nice, while Camtek declined. The shekel weakened against both the dollar and euro.
Israeli venture capital fundraising has rebounded, with $1.37 billion in new funds announced since the end of the war. Revised data shows $1.61 billion raised so far this year, signaling renewed growth in the sector.
Kazakhstan has joined the Abraham Accords, aiming to upgrade its security and economic ties with Israel and the United States. The move reflects Kazakhstan's strategy to balance global interests and attract investment, while impacting regional defense markets. The decision also highlights Kazakhstan's growing importance as a strategic partner in Central Asia.
Airfares from Israel have dropped sharply for European destinations but risen for long-haul flights, as more airlines resume service and demand shifts. Overall, ticket prices are about 5 percent higher than last year. Travelers are showing increased interest in city destinations ahead of the holidays.
Teva's strong third quarter results boosted the Tel Aviv Stock Exchange, despite declines in Elbit and the banks. The shekel also gained ground against major currencies.
New York's mayor-elect Zohran Mamdani plans to review the partnership between Cornell University and the Technion at the Cornell Tech campus. The Technion responded by stressing the campus's economic and technological contributions to the city.
The Tel Aviv Stock Exchange closed lower, led by declines in tech and banking shares, while insurance stocks outperformed. Trading volumes were robust, and the shekel strengthened slightly against major currencies.
Israeli airlines may resume direct flights to India if Oman allows access to its airspace, potentially reducing travel times and costs. Talks are underway to launch routes to major Indian cities. The decision could also benefit flights to other Asian destinations.
Prime Minister Benjamin Netanyahu is pushing a plan to use bank tax revenues to help homeowners with rising mortgage costs. The Ministry of Finance opposes the move, citing legal and fairness concerns. It is unclear if the plan will be part of the 2026 budget.
Despite the return of major US and European airlines to Israel, airfares between Israel and the US remain much higher than before the war. Increased demand, higher operating costs, and limited supply are keeping prices elevated, though more connecting options are now available through Europe.
Denmark has chosen not to buy Israel's Barak MX air defense system, opting to seek other solutions for its military needs. The decision follows military recommendations to prioritize rapid development of land-based air defense. Denmark has not yet announced which alternative system it will select.
American Airlines will resume flights between the United States and Israel in March 2026, starting with the Tel Aviv to New York route. The airline is preparing for the relaunch by hiring Hebrew-speaking cabin crew. It will join four other carriers operating on this route.
Anchor Browser, an Israeli AI startup, has raised $6 million in seed funding to automate organizational web tasks using AI agents. The company has already secured major clients and partnerships, aiming to transform how businesses adopt AI for routine operations.
CyberArk's acquisition by Palo Alto Networks has increased in value to $27 billion after a recovery in Palo Alto's share price. Shareholders will vote on the deal in November, with the final value subject to market changes.
Centerbridge Partners is in early talks about investing in Clal Insurance after exiting Phoenix Financial. The firm denies any deal is imminent but confirms discussions with key stakeholders. Regulatory challenges continue to shape the situation.
Prof. Elie Podeh analyzes the challenges and prospects of the Trump peace plan for the Middle East, highlighting obstacles such as Hamas's demilitarization and the formation of a new Gaza administration. He emphasizes the complexities of regional alliances and the potential for economic cooperation, while cautioning that significant hurdles remain on the path to peace.
Mega Or and Nebius have opened Israel's largest artificial intelligence data center in Modi'in, with plans for an even larger facility in Beit Shemesh. Rapid expansion is threatened by electricity shortages and a lack of national planning, prompting calls for government action.
Israel ranks fourth in life expectancy among developed nations, despite low health investment and ongoing conflict. Strong public health measures and efficient care drive these results, though smoking remains a significant challenge.
A variety of apartments were recently sold in cities across Israel, with prices ranging from NIS 500,000 to NIS 4.9 million. The deals reflect the diversity of the real estate market in different regions.
Deel has raised $300 million at a $17.3 billion valuation, strengthening its position in global human resources management. The company faces ongoing legal battles with competitor Rippling over allegations of corporate espionage.
A roundup of recent apartment and house sales in cities across Israel reveals a wide range of property types and prices. Deals were reported in Jerusalem, Ramat Hasharon, Rishon Lezion, Shoham, Kiryat Motzkin, and Ashkelon. All transactions were listed by the Israel Tax Authority.
Argentina is considering Israeli company Elbit Systems for the upgrade of its F-16 fighter jets. The move comes as part of a broader effort to modernize its armed forces. Talks with Elbit Systems are still in the early stages.
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.
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