WeWork Faces U.S. Inquiry Over Possible Financial Rule Violations, Report Says
The Securities and Exchange Commission's preliminary inquiry examines company's actions in the run-up to its abandoned IPO
Israel business news
Israeli Startup Seeks to Cool Your Home Using Sunlight
SolCold’s paint has great potential for cooling cars, buildings and planes, but still faces commercial challenges
The ‘Silent Genius’ Who Controls Israel’s Toiletries Market
With a death grip on imports of critical categories, Noam Weiman plays a large part in the high cost of living here
Chinese Corporation Wants to Regain Control of Israeli Partner Cellular Firm
China's Hutchinson is waiting for approval from Israel’s regulator for a strategic, long-term investment in Partner, some 10 years after it sold its controlling share in that company for billions of shekels in profit
Winter Flights From Israel to U.S. Going for Rock-bottom Prices
Cheap fares are due to low demand on routes to the United States during the winter, as well as stiff competition
Is This the Revolution? A Guide to Amazon’s Israeli Site
The American commerce giant is trying to bite into the profits of its Chinese competitor Alibaba, offering its own Singles Day version in Hebrew and adding free deliveries to Israel on orders over $49
At The Phoenix, Agent’s Interest Can Trump That of the Customer
One client discovered that he had inadvertently become property of his agent
Tesla to Launch Operations in Israel
Tesla’s Israel operations manager will be responsible for its service strategy, sales and supply
Australian Drugstore Mulls Entering Israeli Market
A new player such as Chemist Warehouse could shake up Israel’s drugstore sector, known for its limited competition and high prices
Teva Pharm Nudges Up Earnings Forecast, Names New CFO
A drop in profit was expected, but despite the optimism, Teva is nowhere near out of the opioid scandal
WeWork, ex-CEO Neumann Sued Over IPO Failure and Plunge in Value
Proposed class action suit filed this week accuses board of directors of breaching duties to minority shareholders after initial public offering pulled and value drops 87 percent
Domestic Passenger Traffic at New Eilat Airport Experiences Worst Ever Plunge
Numbers on flights to and from the Tel Aviv area and Haifa hit by largest month-to-month drop in October since the airport north of the southern Israeli city opened at the end of March
Alan Dershowitz, Former FBI Director Lobbying for Sanctioned Israeli Billionaire
Diamond and mining tycoon Dan Gertler has been under U.S. sanctions since 2017 for corruption, human rights abuses in the Democratic Republic of Congo
Analysis Israeli Treasury Officials in a Panic Over the Deficit
Accountant General Rony Hizkiyahu has sparked a revolt by freezing government spending as this year's deficit approaches a far-higher-than-planned 4%
Cab Fares to Rise in Israeli Cities, Intercity Tab to Drop
On the surface, the new fare structure should also save passengers in relatively rural areas a lot of money, but there’s a catch
Israeli E-security Startup Riskified Raises $165 Million, Reaches $1 Billion Valuation
Last year, Riskified had revenues of more than $100 million, being profitable for the past two years
Two Elected Officials Arrested for Corruption in the Galilee
The investigation fingered nearly 20 suspects, including the mayor of the Haifa suburb of Kiryat Ata
Oracle Wants Israeli Firms to Give Up Basement Servers for Cloud Farm
The U.S. software giant plans to grow from 16 server farms worldwide to 40 by the end of 2020, with Israel's high-tech sector a choice target
High-tech Lacks Experienced Workers. Should Israel Pay to Train Them?
The Israel Innovation Authority thinks it has the solution, and is currently launching a pilot that offers a subsidy for companies that train new university or seminary graduates
Tel Aviv Ranked 5th Worst in World for Traffic Congestion
Israel has 'significant infrastructure needs,' said International Monetary Fund officials
Energy Investors Rejoice: Israel-Egypt Gas Pipeline Deal Finally Expected to Go Through
Texas-based Noble Energy, Israel’s Delek Drilling and Egyptian East Gas Co. have partnered in a venture called EMED ■ Deal expected to start in January
Israeli Politicians Inappropriately Involved in Media, Special Report Finds
Report examining political influence on the Israel's media finds 'failure' to create an independent communications authority, warns of damage to freedom of expression
How SoftBank Made WeWork an Offer It Couldn’t Refuse
With questions swirling around WeWork’s chances of survival in the wake of its failed IPO, the bankers told Neumann they needed some time to sound out investors first
Ministry Proposes Nixing Tariffs on Imported Butter
Shortages of domestic butter prompt Economy Ministry to seek unfettered access for imported brands
Israel Panel to Monitor Chinese Investments Following U.S. Pressure
Although the proposal is framed as 'supervision over foreign investment,' the real goal is create a mechanism for screening investments by Chinese companies and investment funds in strategic Israeli assets
Israeli Retailers Discover the Joys of Christmas
Amid growing competition from overseas websites, Israel's big retail chains are joining the global shopping frenzy
After U.S. Pressure, Security Cabinet Weighs Plan for Vetting Foreign Investment in Israel
Although the proposal is framed as 'supervision over foreign investment,' the real goal is create a mechanism for screening investments by Chinese companies and investment funds in strategic Israeli assets
Israel’s Hotels Resist the Star-rating System
The industry says the criteria are no longer relevant when guests can rely on websites like TripAdvisor
WeWork’s Chairman Defends Payouts to Founder Adam Neumann
Executive Chairman Marcelo Claure said there is now 'zero risk of the company going bankrupt,' Neumann deserves right to sell shares like any other shareholder
Israeli Businessman Submits Bid for Barneys, Lining Up Investors to Back His Offer
Fashion mogul Samuel Ben-Avraham challenges a $271 million bid for the bankrupt luxury department