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Globes English | Israel Business Arena
21.11.2024
Tolls have risen 65% since the tunnels were opened in 2010, despite government subsidies.
The airline posted a net profit of $187 million for the third quarter, on record revenue of $1 billion.
Cyera has more than doubled its valuation since its most recent financing round in April 2024, when it also raised $300 million.
The driving safety system developer claims a huge potential market, but has so far posted meager revenue and large losses.
The solar energy company is seeking tenants for its new campus in Glilot, which it has leased from Azrieli.
Communications Minister Shlomo Karhi and MK Tally Gotliv call for privatization of the Israel Public Broadcasting Corporation (Kan), and for shutting it down if no suitable buyer is found.
Wix's share price, up 50% since the start of 2024, is over 13% higher today after the company reported strong revenue and profit growth.
Half the space allocated for offices in the southeast section of Rishon Lezion’s Eleph complex has been rezoned for the construction of 113 small apartments.
20.11.2024
The project covers 10 acres in Aventura and comprises three office buildings and three car parks as well as building rights for 500 apartments.
Israel's Ministry of Finance and Histadrut trade union movement have reached a final agreement on a package of economic measures that will be part of the 2025 state budget.
The bank's mortgage portfolio grew 10% year-on-year, outstripping growth in lending to any other sector.
CEO Bezhalel Machlis: We are developing an airborne laser, and are about to inaugurate a new UAV factory.
Israel's car market may be tiny, but it's an excellent test case for Tesla's ability to recover market share as rival brands pour in.
The Israeli company's systems will monitor any damage to the aerospace vehicles parts during flight trials.
19.11.2024
Propellor Drones will use its partner Bladeranger’s technology to clean Electra's solar energy fields.
Bank Hapoalim's board has declared a dividend of 40% of the third quarter profit, partly in cash and partly as a share buyback.
While the war continues on two fronts, the job market remains tight and at full employment.
After rising for nine consecutive months, the Housing Price Index is again falling and additional data published last week suggests the trend will continue.
The bank will buy back shares up to a total of NIS 500 million.
The contracts are for the supply of PULS rocket launchers and rockets and Hermes 900 UAVs to a European country.
Ministry of Finance Budgets Division head Yogev Gradus talked to Globes' Oren Dori at the Globes Investment Conference.
Israel's markets have been over-performing in the past few weeks as investors see a ceasefire agreement with Lebanon moving nearer and the 2025 budget moving forward.
18.11.2024
The reason for the closure is probably to do with problems at the US health insurance giant itself, which has seen its share price fall 15% in the past month.
A selection of recent real estate deals in Israel in Rishon Lezion, Ramat Hasharon, Hod Hasharon, Netanya, Ashdod and Tirat Carmel.
Initial estimates show 3.8% growth, on an annualized basis, in the third quarter of 2024, the Central Bureau of Statistics reports.
The French government has filed an appeal with the administrative court in Paris to overturn the ruling that allowed Israeli defense companies to participate in the Euronaval exhibition.
16.11.2024
Inflation remains above the Bank of Israel's annual target range, while housing prices fell after nine consecutive months of rises.
Greece is negotiating with Israel to develop its own Iron Dome air defense system, as part of an ambitious plan to modernize its military capabilities, "Reuters" reports.
US cyber risk management company Bitsight will pay $115 million for the Israeli cyber threat intelligence data company.
15.11.2024
In the third quarter of 2024, 24,350 homes were sold in Israel, up 31.3% from the third quarter of 2023, the Central Bureau of Statistics reports.
Valued at $1 billion two years ago, the company is mainly being bought for its $150 million in cash and less for its API platform.
The bank will charge fees for customers who receive more than NIS 25,000 in a calendar year.
CEO Ygal Trichter: Closing the activity in Israel has become the only realistic option for Yokohama Rubber.
The Israeli airlines plan to compete with El Al and cut fares by leasing planes but are demanding an amendment to the law on compensation for canceled flights.
The bill proposes a new legal status in addition to the traditional categories of salaries employee and independent contractor.
Built by Thyssenkrupp, the INS Drakon costs €500 million with one third of the cost financed by the German government.
14.11.2024
The Dutch retail chain's plans to open a store in Beersheva have fallen through leaving the Kfar Saba store as the only branch, although talks are underway for outlets in Tel Aviv.
Alliance Tires in Hadera, which since 2016 has been owned by Japanese company Yokohama Rubber, is set for a large wave of layoffs and could even be shut down.
The Bank of Israel held a meeting yesterday to explain to financial service companies how to ward off the planned cyberattack by Iran's Anonymous for Justice group.
Tel Aviv District Court Judge Ariel Zimmerman: The petition complains of an infringement of rights that do not exist.