Israel's Economy Growth Comes in Slower Than Expected
Weighed down by a steep drop in exports and a decline in consumer spending, Israel’s economy grew an annualized 1.8% in the second quarter
Business News
Israeli Housing Market Falls to Lowest Levels Since 2010
The Central Bureau of Statistics reveal that the pace of construction is at 44,000 units a year, 21% less than last year
TechNation: Freightos Raises $44 Million in Fundraiser Led by Singapore Exchange
Freightos said on Monday it had raised $44.4 million in a funding round led by Singapore Exchange to further scale its online international freight marketplace
The Ticker Business in Brief: Switzerland Seeks Access to Israeli Financial Markets
Analysts laud Teva migraine approval, but stock falls ■ Switzerland wants its banks to trade funds in Israel despite not being part of EU ■ Tel Aviv shares end higher as dollar strengthens
Business in Brief: Delek Energy Shares Soar as Parent Makes Another Attempt to Buy Out Minorities
SEC allegations of share-price manipulation ■ Mizrahi to sell 540m shekels of mortgages ■ Delek Group denies reports CEO about to step down ■ Tel Aviv shares post big gains, led by Teva and telecoms stocks
After Delays, Teva Wins Approval From U.S. for Migraine Treatment
Beleaguered Israeli drug company banking on Ajovy to boost sales, profits and offset the decline of its Copaxone MS treatment
Finance Minister Urges Patience as Home Prices Continue Rising
Latest data show an 0.3% increase for June-July, putting the finance minister it difficult position politically
Pelephone Abandons Multi-million-shekel Project After Four Network Failures
The plan to install new servers from the U.S. company Hewlett Packard Enterprise was dropped after the latest network breakdown
Business in Brief: Foamix Soars on Trials for Acne Treatment
Opko chief, ex-Teva chairman Phillip Frost charged with share manipulation in U.S. ■ Generation Capital takes 50% stake in power plant operator Rapac Energy ■ TASE ends lower after long holiday weekend
Discount Bank in Bid to Buy Dexia Israel for $187 Million
The tie-up is likely to win approval by Dexia’s shareholders but could be blocked by the antitrust authority
TechNation: U.S.-Israeli AI Startup Sisense Raises Another $80 Million
IAI in tie-up with Britain’s Effective to make space drones ■ Israel’s Flytrex offering snack deliveries by drone on U.S. golf course ■ Ex-police chief Yohanan Danino investing in cybersecurity startups
Support Growing for Rate Hike at the Bank of Israel
Two of six members of the monetary policy committee say the 0.1% in force since 2015 is too low now that prices are rising
Teva to Hold Generic Opioid Addiction Drug Launch Pending U.S. Ruling
The Israeli pharmaceutical giant in engaged in a legal battle over the release of Suboxone Film, an opioid addiction drug
Business in Brief: Carolina Lemke Seeks to Hire Kim Kardashian
Carolina Lemke seeks to hire Kim Kardashian ■ Shekel strengthens to record levels ■ Fantasy Network investing in online cannabis products company
Israeli Communications Ministry to Review Rami Levy’s One-shekel Cellular Offer
A ministry official said this deal 'could create cannibalism in the market and lead to chaos'
TechNation: Virtual Crypto Technologies Offers Software for Bitcoin Transactions at Regular ATMs
Local financial tech sector heating up with entry of global financial service firms ■ Virtual Crypto Technologies offers software for bitcoin transactions at regular ATMs ■ Sports Events 365 signs season ticket deal with Atletico Madrid
Israeli Finance Chief Avoids Making Unpopular Decision to Raise Dairy Prices
The dairy giant Tnuva claims that Kahlon is stone-walling price increases to regulated dairy products in order to avoid being portrayed as someone who agrees to price hikes
Israel Delays Decision on Bonuses for Security Personnel in Favor of Talks
Netanyahu sought to pass a resolution that the security forces are ineligible to receive a bonus for 'lack of job security' – despite the linkage between their salary and the salary of standing army personnel
Business in Brief: Banks Pull Down Tel Aviv Stock Exchange
Delek Group selling an additional 4.9% of insurer Phoenix ■ Strauss gets a new CEO ■ Big Shopping Centers going bigger into Serbia
Business in Brief: Israeli Government Gained $275 Million by Delaying Leumi Share Sale
Teva offers to buy back $400 million in bonds ■ RADA cashes in on drone-threat fears ■ TASE closes in the red, dragged down by Wall Street
In Israeli Schools, Less Science and English, More Jewish Studies
Figures reveal that the number of hours allocated to English, math and science for grade schoolers has been cut under Education Minister Bennett
Israeli Government Operating Flagship Housing Lottery Without Permits
Lapse leaves state open to possible lawsuits from failed applicants, Justice Ministry says
Netanyahu Corruption Probes Will Take 'Months' to Complete, Prosecutor Says
'Additional inquiries' being made in luxury gift case and quid pro quo case, Liat Ben Ari Shwekey says
Analysis 'Economic Interests Trampled the Community Idea': Why WeWork Sold Its Flagship Space to Microsoft
Companies that rent out shared workspaces are multiplying at a dizzying pace, offering not just floorspace but also a sense of community. But what if a tempting offer comes from a huge conglomerate that wants the building?
Do Israeli Startups Even Count on the World Scene? Q&A With David Rosenberg
Only America and Israel can lay claim to achieving technological leadership, but nothing that has changed the world came out of Israel
