News

In an unprecedented move the Cabinet in its final meeting before the Passover holiday today approved a flat budget cut in all ministries despite resolute opposition by the Minister of Finance.

The company provides an Industry 4.0 based fully automatic manufacturing solution that makes the process faster, safer, and, environmentally friendly while both improving quality and reducing cost.

H&O invested NIS 500,000 in opening the 110 square meter store in the Azrieli mall in Modi'in.

The company has told "Reuters" that it has secured orders for 46 million of its EyeQ6 Lite assisted-driving chips over the next few years to make new vehicles safer and easier to drive.

The underground mapping company heads this year's list of ten outstanding startups with technologies from metabolism monitoring to autonomous tractors.

The Ghost Soldier system is designed to assist ground forces in monitoring and discovering the enemy during warfare in open terrain.

Israel-Iran tensions and the strength of the dollar worldwide have the exchange rating touching NIS 3.80/$.

Microwave and laser systems to down swarms of drones have negligible costs compared with interception systems like Iron Dome.

Mekorot CIO Eran Ravid told the Globes Tech IL Conference about the company's support for startups and its ability to cope with national emergencies.

Gal Bar Dea told the Globes Tech IL Conference that a bank's role is not only to look after customers' money but also to promote their economic welfare.

Israeli company Mentee Robotics expects the first robots, which can perform household chores and warehouse tasks, to come off the serial production line in the first quarter of 2025.

Silk Security has developed a platform that allows data security managers to identify a range of vulnerabilities and repair them.

As its most promising startups for 2024 are named, "Globes" looks back at how promising startups from recent years have fared.

Richard Francis's compensation cost $25.7 million in 2023, although that includes incentives for him to join the company.

The International Monetary Fund sees Israel GDP growth of just 1.6% in 2024.

At the Globes Tech IL Conference, KPMG Israel senior executives provided insights into the dramatic race to provide digital currencies.

Tel Aviv-based Entitle has developed a privilege management solution that discovers, manages, and automates just-in-time (JIT) access and identity governance.

Team8 Capital managing partner Sarit Firon and Vintage partner Hamutal Meridor told the Globes Tech IL Conference about the difficulties of raising investment during the war.

The March CPI reading was higher than forecast, but that is not necessarily the main reason for estimating that an interest rate cut by the Bank of Israel is not imminent.

Israel's Consumer Price Index rose 0.6% in March, higher than expected, while apartment prices rose for the third consecutive month.

The financing round was completed at a company valuation of $180-200 million, half of the $400 million valuation given to Snappy when it raised $70 million in 2021.

The Israeli currency appreciated strongly this morning but gave up much of the gains, after today's representative rate was set, on US reports that Israel might retaliate today for Iran's attack.

While many airlines are resuming flights, UK low-cost carrier easyJet has announced a halt in flights until October 27.

The sales, for a total of NIS 100 million, were chiefly to More Investment House and Meitav. Private equity firm FIMI remains the controlling shareholder.

Turkey is the fourth largest source of vehicles imported into Israel. Trade relations with China are looking less rosy as well.

RevitalVision's products treat certain eye conditions by retraining the brain.

The Negev tech incubator has also established an impact fund for new startups to help with the rebirth of the region.

Sigma CEO Yair Shani: Iran has done excellent sales promotion for Israel's defense companies.

In February 2024, 7,490 homes were sold, according to the Central Bureau of Statistics, up 27.4% from February 2023.

A selection of recent real estate deals in Israel in Tel Aviv, Or Yehuda, Elad, Pardes Hana-Karkur, Nof Hagalil and Beersheva.

The main indices are down but not sharply falling, while Elbit Systems and other defense stocks are gaining.

The reported $500  million acquisition price is below Noname Security's valuation in its last fund raising round.

The new home market is resurgent, but purchases of secondhand homes are stagnant, and mortgage loans are still below the multi-year average.

99% of the threats were intercepted, but some damage was caused to a military base in the south of Israel, and a Bedouin child was injured by falling debris.

At this stage, the plan is budgeted at NIS 3 billion. Confrontation Line Forum Moshe Davidovich: The plan still falls short.

Zim had proposed that Group Psagot should buy his stake in Rani Zim Shopping Centers. He controls both companies.

The company is adapting its quad cycles and quad boards for remote control military use.

Delta Brands has opened its first two lingerie branches in the country in Petah Tikva and Haifa.

Until now only Israeli households with a remote meter were able to switch suppliers but from July all consumers will be able to do so.

Prico: If an exceptional security incident does not happen and due to the consistent supply of foreign currency, the dollar will resume depreciating against the shekel.

"Globes" examines some of the growth companies, which could start trading in the US from later this year.

Israeli importers mull bringing in Turkish goods via Slovenian ports, "Globes" has been told by sources close to the matter.

40 million cubic meters of earth will be excavated in constructing the Gush Dan Metro. Could it be used to build an island off Israel's coast?

Wiz has confirmed the $350 million acquisition of Gem Security, in which Team8 was one of the main investors.

Active in over 80 countries, Tel Aviv-based Guesty has developed a comprehensive and easy-to-use platform for the short-term rental property management market.

The Israel Tax Authority has imposed a NIS 850,000 financial sanction on Ezra who was caught at Ben Gurion airport in 2022 with €475,000 in cash in his suitcase.

A high salaries expense, lack of clarity about the real estate, and exposure to taxation of the Postal Bank, have deterred potential buyers.