Business in Brief: Israel’s Top Firms Lack Corporate Transparency, Report Says

Federal Circuit revives Amdocs’ data mediation software patents; Tel Aviv Stock Exchange closes with losses.

Stock prices flash on an electronic screen displaying world clocks at the Tel Aviv Stock Exchange (TASE) in Tel Aviv, Israel, on Thursday, Dec. 11, 2014.
Stock prices flash on an electronic screen displaying world clocks at the Tel Aviv Stock Exchange (TASE) in Tel Aviv, Israel, on Thursday, Dec. 11, 2014. Credit: Bloomberg

Report: Israel’s top firms lack corporate transparency

Israeli firms are characterized by a very low level of corporate transparency, and corporations and other bodies need to take far-reaching steps in order to improve this, according to research by the local branch of Transparency International into 16 of Israel’s largest companies.

Transparency relative to organizational structure is fairly good, but one-quarter of the companies checked did not reveal information on the matter, it stated.

The most troubling figures related to transparency in foreign operations, stated the report. The figures, which took the top 16 companies in the BDI rankings of 2015, placed Bank Hapoalim highest, and Alon Delek lowest, it stated. (Assa Sasson)

Federal Circuit revives Amdocs’ data mediation software patents

A long-running patent fight between network-software rivals Amdocs (Israel) Ltd and Openet Telecom Inc will go at least another round, after a U.S. appeals court overturned a ruling that had invalidated four of Amdocs’ patents.

A divided panel of the U.S. Court of Appeals for the Federal Circuit on Tuesday ruled that Amdocs’ patents on data mediation software, which helps internet service providers track their customers’ usage and bill them for it, included a technological breakthrough that saved them from being invalid. (Reuters)

Tel Aviv Stock Exchange closes with losses

The Tel Aviv Stock Exchange closed with losses in all the leading indexes Wednesday. The blue-chip Tel Aviv-25 Index lost 0.6% to close at 1,388 points — a four-month low — while the broader Tel Aviv-100 Index lost 0.6% as well to close at 1,217 points.

The Banks-5 lost 0.4%, led downward by the First International Bank, which was off 1.8%, and Bank Hapoalim, down 1.5% on high turnover after the news broke that the bank had hushed up accusations of sexual assault against the former CEO.

Oil and gas shares were down 1.75%, and the real estate index closed down 1.1%. Total turnover was 1.5 billion shekels. Notable shares included Nice, down 3.5%, and Opko Health, up 1%. (Omri Zerachovitz)

Click the alert icon to follow topics:



Automatic approval of subscriber comments.

Subscribe today and save 40%

Already signed up? LOG IN


United Arab List chairman Mansour Abbas in the Knesset on Monday.

Arab Voters Will Decide if Israel's Far-right Wins Power

נתניהו עם כיפה שחורה על הראש נשען בשתי ידיו על הכותל

Israel Is Heading for Its Most 'Jewish' Election Ever

An El Al jet sits on the tarmac at John C. Munro International Airport in Hamilton, Thursday, in 2003.

El Al to Stop Flying to Toronto, Warsaw and Brussels

FILE PHOTO: A Star of David hangs from a fence outside the dormant landmark Tree of Life synagogue in Pittsburgh's Squirrel Hill neighborhood in 2021.

American Judaism Is in Decline. That's Great News for American Jews

Crowds at Israel's Ben-Gurion International Airport, in April.

U.S. Official: West Bank Entry for Palestinian Americans Unrelated to Israeli Visa Waivers

Haaretz spoke with several people who said they had fled Ukraine, arrived in Israel,  and were asked to undergo DNA tests in order to establish paternity.

'My Jewish Grandmother Has a Number on Her Arm, Why Does Israel Greet Me This Way?'