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Globes (83 most recent articles)
Markets in Israel show sharp declines as fears of an attack on Iran grow. Shekel weakens against the US dollar and euro amidst rising tensions.
easyJet extends flight suspension to Israel until August 1, affecting Israeli travelers with limited low-cost options. Other airlines like Ryanair, British Airways, and Air Canada have also canceled flights to Israel until later dates.
Ormat led gains while Tower led declines on the Tel Aviv Stock Exchange, which remained flat. The Tel Aviv 35 Index rose slightly while other indices fell slightly.
eToro's share price has surged 32% since its IPO in mid-May, reaching a record high of $68.70. The online trading platform is gaining attention from investors and analysts alike.
Layam, a veteran company in the duty-free sector, will enhance the flight experience for passengers flying out from Haifa Airport by providing an international-quality shopping experience. The store is expected to open within a few weeks and will offer a 'Keep and Fly' service for passengers.
Israeli data loss prevention company MIND secures $30 million in funding to enhance its platform designed to stop data leaks before they happen. The startup, founded in 2013, plans to use the funds to accelerate growth and expand its customer base.
Cantor sees potential for Wix to be acquired as its stock price falls, despite positive analyst recommendations and a premium price target. Wix's financial results for the first quarter of 2025 disappointed investors, leading to speculation about its future.
Florentin's housing prices and rents are increasing, making it difficult for young people to afford living in the neighborhood. New real estate projects in Florentin are selling at prices exceeding NIS 70,000 per square meter, indicating a significant rise in prices in the area.
Morocco is looking to upgrade its military capabilities and increase production independence by potentially sourcing turrets from Elbit Systems. The Moroccan army has previously procured artillery guns from Elbit and is now exploring options for turrets for their armored vehicles.
Zero Networks secures $55 million in funding to support growth and innovation in its agentless, automated cybersecurity solution. Company aims to expand sales and marketing efforts globally and continue developing award-winning solutions.
The Tel Aviv Stock Exchange saw gains in major indices today, with foreign investors buying Israeli stocks in May. Nova and banks like Bank Leumi and Bank Hapoalim performed well, while insurance companies reported strong first quarter results.
Nvidia's Israeli-acquired networking division, powered by technologies from Mellanox, experienced a substantial revenue surge in the first quarter of the company's 2026 fiscal year, hitting $5 billion. This growth positions the networking division as the second most significant revenue contributor for Nvidia, after the GPU division.
Israel Tax Authority eases tax exemption rules for heirs distributing dividends from inherited companies, ensuring they can benefit from tax exemptions even when balancing assets between themselves.
Strauss Group's first quarter results showed a boost in profit due to higher revenue and cost-cutting measures. The company's management accounts revealed a rise in sales volume, particularly in sweets, snacks, and coffee sales, despite challenges like currency differences and higher raw material costs.
Air France will restart Tel Aviv - Paris flights, providing Israeli travelers with extensive global connectivity. Other airlines have also resumed or extended flight cancellations to Israel due to security concerns.
Lufthansa Group has extended its cancellation of flights to Tel Aviv until June 15, inclusive, due to safety concerns. Other airlines, such as British Airways, Ryanair, and easyJet, have also adjusted their flight schedules to Israel.
Real estate investors in Israel are buying pricier apartments, with a 14% increase in prices between December 2023 and June 2024. State revenues from real estate taxes have also risen, but are down from peak levels in 2022.
Exclusion from the Horizon program could have a major negative impact on Israeli science and technology, affecting research funding and international collaboration. The Israel Academy of Sciences and Humanities has expressed concerns about the future of scientific cooperation between Israel and Europe.
Recent real estate deals in Israel include the sale of second-hand apartments in different cities with various features and prices, as reported on the Israel Tax Authority website.
US tax changes are hitting renewable energy companies as tax benefits for projects are being canceled, impacting companies like Enlight Energy and Doral Energy. SolarEdge is facing a 25% share price drop due to the changes.
SoftBank has earned a significant profit from its investment in eToro, with estimates suggesting a threefold return on the fund's original investment. The company's market cap has increased to $5.6 billion following its recent IPO on Nasdaq.
Elbit Systems' revenue and profit have seen substantial growth in the first quarter of 2025, with the company's orders backlog reaching $23.1 billion. The company is well positioned to benefit from increasing defense budgets globally.
Regulators are closely examining Google's acquisition of Wiz, which could take up to a year for approval. Concerns about the deal include potential antitrust issues and the impact on Wiz's competitors.
Bank Leumi's Q1 profit rose by 12% year-on-year, excluding a real estate transaction. The bank declared a dividend of NIS 961 million, with intentions to raise it to 50% of profit.
Following a rating upgrade, Teva is taking steps to address its high debt obligations by raising new funds to repay bondholders. Moody's raised Teva's debt rating from Ba2 to Ba1, signaling a positive outlook for the company.
Nvidia CEO Jensen Huang signed a huge chip deal with Saudi Arabia, boosting Israeli development centers. Nvidia's Israel-based centers produce communication chips for data centers and AI processing. The NVLink server rack switch chips developed in Israel will be crucial in supplying components to Saudi Arabia.
Deputy Attorney General criticizes bill by Minister of Communications for threatening press freedom and freedom of speech in Israel. The bill seeks to reform broadcasting regulation but has faced opposition due to concerns of political interference in the media.
Check Point is building a 100,000 square meter office campus in Tel Aviv to expand its global headquarters. The new campus will accommodate 6,000 employees and will include an AI research and development center.
Tower CEO reveals company ended collaboration with Adani, reports positive first quarter results, and receives 'outperform' recommendation from Oppenheimer with a target price of $60.
A variety of second-hand apartments were sold in different cities across Israel, with prices ranging from NIS 1 million to NIS 10 million. The deals were reported on the Israel Tax Authority website.
Doral secures $1.3 billion for large solar projects in Indiana, increasing production capacity significantly. Major banks and Truist Bank are involved in the financing deal.
IAI and Phoenix Underwriting have made a debt settlement proposal that would leave IAI in control of Spacecom, which has been struggling with debt for over two years. The plan includes issuing a $155 million bond secured by Spacecom's satellites to pay off existing bondholders.
Nice exceeded expectations in Q1 with revenue growth and increased net profit. The company's stock price has fallen despite positive analyst ratings.
Finland has reached an agreement with Rafael's EuroTrophy joint venture to integrate the Trophy Active Protection System onto the Patria AMV XP 8×8. The system has been operational since 2010 and has been chosen by various countries for their armored vehicles.
Azerbaijan's efforts to host a three-way summit in Baku between Israel and Turkey have been stalled, impacting diplomatic relations. Azerbaijan seeks to join the Abraham Accords to enhance defense imports and cooperation with the US and Israel.
Housing deals in Israel dropped by 9% in the first quarter of 2025, continuing a downward trend. Major cities saw decreases in both new and second-hand apartment purchases, leading to an increase in unsold new apartments across the country.
Nebius, founded by Arkady Volozh, will construct Israel's supercomputer with 16,000 petaflops of processing power. The company has been marked as a stock with growth potential and will provide discounted computing power to meet the country's needs.
President Trump's close ties with Mohammed bin Salman and acceptance of gifts from foreign countries, along with his recent decisions regarding Syria, Gaza, and Israel, are causing concern and confusion in the Middle East.
Jerusalem District police are accused of causing delays and harassment on the Jerusalem Light Rail construction sites due to demands for more job slots and higher salaries. The Ministry of Finance has offered tens of millions of shekels in bonuses to resolve the situation.
Cancellation of chip export rules unlikely to benefit Israel soon, as US focuses on other countries for bilateral agreements.
The shekel is strengthening against the US dollar and the euro, influenced by positive market factors. Local seasonal activity, such as wage payments, is also contributing to the shekel's appreciation.
Israel's forex reserves hit an all-time high of $222.035 billion in April 2025, driven by a revaluation that added $4.842 billion. This increase marks a significant rise from the previous record of $220.377 billion in September 2024.
Ox Security completes a $60 million Series B financing round, bringing total funding to $94 million. The company's technology, Code Projection, analyzes code behavior to rank vulnerabilities by risk level.
State Comptroller Matanyahu Englman uncovers misuse of government statutory funds, with funds diverted for purposes other than their original aims. The Ministry of Finance manages the funds in a problematic manner, using them as a cash reserve to plug budget holes.
El Al and Israir stocks surge as foreign airlines suspend flights to Israel, creating confusion among travelers. Controlling shareholders Rozenberg and Levy profit from the increased demand for Israeli airlines.
Israeli startups raised $500 million in April 2025, with a total of $2.6 billion raised in the first four months of the year, indicating a strong investment trend in the Israeli tech sector.
A four-room apartment near the Prime Minister's residence in Rehavia was sold for NIS 5.35 million, reflecting the high demand for properties in the prestigious neighborhood. The price surge is linked to the central location and potential renovations made to the apartment.
Greece is mulling the purchase of Israeli unmanned submarines to protect its territorial waters from Turkey, as part of its arms buildup in response to Turkish threats. The Blue Whale autonomous underwater vehicles, manufactured by Israel Aerospace Industries, would enhance Greece's capabilities to monitor and protect its maritime borders.
Gasoline prices in Israel will decrease by NIS 0.18 per liter, starting Thursday night.
Palo Alto Networks confirms acquisition of Protect AI for an estimated $650-700 million, expanding its capabilities to protect the dynamic new attack surface created by the explosion of AI.
The Tel Aviv Stock Exchange fell today, while the All Bond corporate bond index rose. The Bank of Israel set higher representative shekel-dollar and shekel-euro rates.
Israel's military spending increased by 65% in 2024, the largest jump since 1967, according to a report by the Stockholm International Peace Research Institute. The Middle East saw a 15% increase in military expenditure, and globally, defense spending grew to $2.718 trillion.
Virgin Atlantic has permanently canceled flights between London Heathrow and Tel Aviv. The airline's codeshare partnership with El Al will continue, allowing for connections between the two cities. British Airways and easyJet have already resumed flights to Israel.
The main indices on the Tel Aviv Stock Exchange rose slightly today, with Bank Hapoalim leading trading.
Sentrycs teams up with Xtend to strengthen drone security and develop new capabilities to combat the threat of hostile drones.
Intel's new CEO Lip-Bu Tan is set to announce a 20% workforce cut in an effort to revive the struggling company, according to 'Bloomberg'. The impact on Intel's workforce in Israel is uncertain.
Germany's Ministry of Defense partners with Israeli firms to equip the German Army with loitering munitions (suicide drones). The partnerships with Rheinmetall and MBDA will enable swarm attacks and the ability to launch from land and sea platforms. The program represents a strategic shift in how new weapon systems are adopted and integrated into operational use.
Israir has received temporary approval to operate flights between Israel and the US, increasing competition on the Tel Aviv - New York route.
Ella-Tamar Adhanan, head of SVB's Israel Market, has become one of the most influential Israeli bankers on the New York tech scene after helping SVB recover from a crisis in 2023.
Israeli commuters are imposing a 45-minute limit on their daily travel, causing challenges for employers and the job market. Most Israelis do not want to commute for more than 45 minutes each way, limiting the distance at which employers can find workers and workers can find jobs.
Israel's CPI rose 0.5% in March 2025, bringing annual inflation to 3.3%. Price increases were seen in clothing, footwear, culture, entertainment, fresh fruit, and housing services.
Foreign airlines returning to Israel have led to affordable last minute Passover flight deals, with round-trip flights available for less than $250 to nearby destinations and less than $1,000 to faraway destinations. Online sites offer lower prices, but may have disadvantages and difficulties with changes or cancellations.
Israeli startup Element Labs, founded by serial chip entrepreneur Avigdor Willenz, has raised $50 million in a funding round led by Fidelity. The company is developing AI processors for inference, the stage in which AI models are activated after training.
Elbit Systems has secured a $100 million contract to supply its UT30 MK2 unmanned turret systems to General Dynamics European Land Systems (GDELS) for installation on ASCOD armored fighting vehicles.
Former US National Security Agency head Michael Rogers discusses intelligence, geopolitics, and Israel's tech industry.
The Dayan committee is expected to recommend no cut in gas exports and to leave the obligation to reserve gas for the local market unchanged. Israel's natural gas reserves are estimated to run out in 2045, after which most of the natural gas consumed in Israel will have to come from imports.
Israel's fiscal deficit narrows in March, reaching 5.2% of GDP, with state revenues growing impressively.
Netanyahu fails to persuade Trump to exempt Israel from tariffs, while Trump announces direct talks with Iran on nuclear program.
The FBI is investigating the CEO of Nakash Group Israel, Avi Hormaro, following a complaint alleging that he took tens of millions of dollars in rights for himself. The Nakash Group holds assets worth hundreds of millions of dollars and owns Arkia Airlines and about 20 hotels in Israel and Europe.
The shekel weakened against the US dollar and euro due to the slide in the US market and Trump's tariffs program announcement.
Israeli autonomous frontend co AutonomyAI has raised $4m in funding for its platform that accelerates development and improves team productivity.
The TASE fell sharply today, influenced by Wall Street's recent losses.
ZIM Integrated Shipping Services Ltd. experiences a significant drop in share price due to the impact of trade tariffs and a planned policy in the US to impose a tax on ships manufactured in China.
Minister of Finance Bezalel Smotrich met with the wrong person in Washington in an attempt to soften the tariff blow on Israel.
Israeli startup Combatica has launched a next-gen VR AI training platform with 50 AI generated scenarios and 3D printed weapons.
Israel will face higher tariffs on its exports to the US compared to Turkey and the UAE. The US is Israel's main export country, and the potential cost of the 17% duty on Israeli exports is around $2.9 billion per year.
APM law firm has merged with 12 lawyers from Doron, Tikotzky Kantor, Gutman, expanding their team and expertise in high-tech and the capital market.
Big Tech 50 reports major write-downs in startup valuations, including Orcam and Voyager Labs, with a 55% drop in holdings overall.
Israel's National Licensing Authority has approved the first package of works on the Tel Aviv Metropolitan Metro for the construction of the M2 line depot in Petah Tikva. Concerns have been raised about the government's NTA Metropolitan Mass Transit System meeting the schedule for publishing tenders for the construction of the line's excavations.
The Mossad and the Ramat Hasharon Municipality are requesting the construction of a railway station near the Mossad headquarters in Glilot, just north of Tel Aviv.
Prime Minister Benjamin Netanyahu has been summoned to testify in the Qatar-gate affair, as two of his aides are arrested over alleged payments received from Qatar.
Gasoline prices in Israel will increase on Monday night, with the maximum price of 95 octane gasoline rising to NIS 7.31 per liter.
Profits in almost every sector on the Tel Aviv Stock Exchange grew in 2024, largely due to increased government spending. However, concerns about the future include a decline in investment and exports, as well as the permanent nature of current government spending.