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08 December 2024

Defense tech credit: Shutterstock, Tali Bogdanovsky, IDF Spokesperson Jump in Defense Ministry orders from Israeli startups

In the first year of the war, the Ministry of Defense placed orders worth NIS 601 million with 86 startups and small companies - five times more than in the previous year.

Marketing panel, Israel Business Conference 2024  credit: Cadya Levy Playtika VP marketing Laura Keren: Good creative is still key

On a marketing panel at the Globes Israel Business Conference, the panelists talked about breaking through globally, and what makes the Israeli ecosystem special.

Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Tel Aviv, Holon, Yehud, Ness Ziona, and Holon.

08/12/2024 14:29 Real estate Nir Weiss-Vadraru
Syrian rebel fighter in Aleppo  credit: Reuters/Rami Alsayed Israel must recognize Turkey as powerbroker in Syria

As Israel did the Syrian rebels' work for them in neutralizing Hezbollah, Turkish president Erdogan stood by rubbing his hands.

08/12/2024 13:59 Politics Dean Shmuel Elmas
Bezeq chairman Tomer Raved credit: Shlomi Yosef Bezeq chairman: Over NIS 2b infrastructure investment during war

Tomer Raved told the Globes Business Conference that Israel can bridge between east and west for communications infrastructures.

08/12/2024 13:36 Market Idan Eretz
Dave Waiser  credit: Dan Taylor Gett founder Dave Waiser unveils invitation only venture

Accumulator enables company founders to turn their shares into a diversified portfolio, but not everyone can join.

05 December 2024

Israeli tech M&A deals reach new peak - report

According to Vintage Investment Partners, M&A deals reached a new record of this year of $10.5 billion, 22% higher than the previous peak in 2021.

Cielo Blu shareholders approve takeover by Tshuva and Zvida

Yitzhak Tshuva and David Zvida will reach a 47% holding in the real estate company in exchange for an injection of NIS 110 million.

05/12/2024 18:51 Real estate Hezi Sternlicht
SolarEdge appoints new CEO

Chief marketing officer Shuki Nir will replace interim CEO Ronen Faier, and will face the task of turning around the energy technology company that has switched to losses and seen its share price collapse.

05/12/2024 15:42 Energy Shiri Habib-Valdhorn
Bezeq fails to dissuade Norwegian fund from disinvesting

Norway's sovereign wealth fund sold its shares in Bezeq despite the company's argument that it operates in the West Bank under the Oslo Accords.

05/12/2024 14:45 Politics Assaf Uni, Berlin
Israel slumps in int'l maths and science tests

Prof. Michal Zion of the Bar-Ilan University Faculty of Education: There are no teachers. Minister of Education Yoav Kisch denies responsibility.

05/12/2024 11:52 Economy Yael Odem, N12

04 December 2024

Amnon Shashua's AA-I unveils new approach to AI

In a paper published today, the company describes its aim of "integrating domain-specific expertise with critical, precise reasoning capabilities akin to those of top human experts."

04/12/2024 18:45 Start ups Meytal Vaizberg
2025 budget bill gives Ben-Gvir extra NIS 2b

Itamar Ben-Gvir's Ministry of National Security and the Prime Minister's Office both receive higher budgets than in the proposal approved by the government a month ago.

04/12/2024 16:38 Economy Oren Dori
OECD undercuts Treasury growth forecasts

The OECD now sees GDP growth of just 2.4% in Israel in 2025, which compares with a 4.4% projection by the Ministry of Finance.

04/12/2024 12:30 Economy Aharon Katz

03 December 2024

Israeli fintech co Capitolis buys UK co Capitalab

The $46 million acquisition will allow Capitolis, a market leader in the optimization and compression space, to offer more optimization and compression solutions to the industry.

BoI governor: No immediate interest rate cut

Talking to "Globes" editor Naama Sikuler at the Israel Business Conference, Governor of the Bank of Israel Amir Yaron said cutting interest rates now would be like putting out a fire with gasoline. He also criticized the make-up of the 2025 budget.

03/12/2024 16:34 Economy Hezi Sternlicht
Adam Neumann admits mistakes, reveals plans

In a rare public appearance, Neumann told the Globes Business Conference what he learned from WeWork's collapse, discussed his new venture Flow, and explained why he is investing in Israel.

03/12/2024 16:00 Real estate Bar Lavi
Check Point CEO warns on escalating cyberattacks

Gil Shwed told the Globes Israel Business Conference that the level of attacks worldwide has increased and that they are much more complex and cause much more damage.

03/12/2024 13:18 IT Shiri Habib-Valdhorn
Ceasefire brings Air Haifa back to Haifa

The new Israeli airline has been operating from Ben Gurion Airport because of wartime aviation restrictions in the north.

03/12/2024 12:30 Tourism Stav Livne
Hapoalim chair Krupik: We need deep reform

Reuven Krupik spoke at the opening of the Israel Business Conference of the unquantifiable issues that will affect Israel's economic recovery and growth.

03/12/2024 11:27 Economy Bar Lavi

02 December 2024

Paris gathering told trade prospects with Israel looking up

CCFI President Henri Cukierman: The best way to counter anti-Israel criticism is to strengthen economic ties between France and Israel.

02/12/2024 20:23 Economy Brett Kline, Paris
Staunch Israel supporter Pat Gelsinger steps down as Intel CEO

Intel's share price rose more than 4% on the announcement of Gelsinger's departure, but it may not be good news for Intel Israel and its nearly 10,000 employees.

02/12/2024 19:51 IT Assaf Gilead
Trial success boosts NovoCure

The company's share price is up over 30% after it announced the results of the trial of its product in treating pancreatic cancer.

02/12/2024 18:19 Healthcare Gali Weinreb
Upwind Security raises $100m at $900m valuation

The Israeli company has developed a comprehensive cloud security platform

02/12/2024 15:19 Start ups Globes correspondent
Former IDF chief joins Canadian VC fund AWZ

Aviv Kokhavi's appointment comes at a crucial time as demand for advanced defense technologies is growing due to the wars in Israel and Ukraine.

02/12/2024 14:43 Start ups Meytal Vaizberg
Smotrich reduces hike on EV purchase tax

Purchase tax on electric vehicles will rise from 35% to 45% next month, instead of the planned 83%.

02/12/2024 12:36 Economy Dubi Ben-Gedalyahu
Hedge funds sell El Al stock amid profit-taking

After rising 240% in the past 13 months, El Al’s share price has been falling following the ceasefire with Hezbollah, as foreign airlines announce resumption of Israel flights.

02/12/2024 11:04 Tourism Shiri Habib-Valdhorn
BoI, Treasury push for more retail banking competition

The Bank of Israel and Ministry of Finance have set up an inter-ministerial team, which will focus on strengthening competition in the deposits and credit sector for small businesses and households.

02/12/2024 09:30 Financial services Aharon Katz

01 December 2024

SolarEdge share price soars 50% from last month's low

The company has been coping with changes in the solar energy market that have hit its results.

01/12/2024 21:02 Energy Shiri Habib-Valdhorn
Israeli startups raised over $700m in November

Israeli privately-held tech companies have raised about $9 billion in the first eleven months of 2024.

01/12/2024 16:42 Start ups Globes correspondent
Goldman Sachs and UBS see shekel gaining sharply

The ceasefire agreement between Israel and Lebanon has seen investment banks and rating agencies issuing more positive forecasts for the Israeli economy.

01/12/2024 16:27 Market Aharon Katz
Apartments sold and rented

A selection of recent real estate deals in Israel in Ramat Gan, Herzliya, Tzur Yitzhak, Ness Ziona, Yavne and Kiryat Motzkin.

euroAtlantic Airways asked to operate Tech-Air’s Israel-US flights

The Portuguese charter airline told “ch-aviation” website that it had received a request from multiple brokers to operate Tel Aviv - New York JFK flights.

01/12/2024 13:12 Tourism Stav Livne

28 November 2024

Stripe founder Patrick Collison's Israel visit stirs strong feelings

Many responses to Collison's post about his visit on X were virulently anti-Israel. The question, though, is what is Stripe looking for here?

28/11/2024 18:24 Financial services Assaf Gilead
IAI unit launches new facility in India

The HELA Systems facility will specialize in maintenance of radar systems.

Fitch: Ceasefire could reduce fiscal risks

Following its downgrade of Israel's rating in August, Fitch has issued an update assessing the impact of the ceasefire with Lebanon, expressing very cautious optimism.

28/11/2024 15:42 Economy Aharon Katz
Bank Leumi board elects Uri Alon chairperson

Alon was chosen ahead of former Ministry of Finance director general Ram Belinkov and former Mercantile Bank chairperson Esther Deutsch.

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