News

Israel Aerospace Industries and Phoenix Underwriting have made a debt settlement proposal that will leave the former in control of the satellite company.

The CPI rose 1.1% in April, which compares with market expectations of a 0.6-0.7% rise, bringing the annual rate of inflation to 3.6%.

First quarter results were ahead of analysts' estimates, and the company announced a share buyback program.

The Hungarian low-cost carrier is only one of a handful of foreign airlines that have resumed flights this month, with most repeatedly extending their suspensions, some of them for long term periods.

Trophy is designed to enhance the defense capability of tanks and armored vehicles against anti-tank missiles, UAVs, and other threats.

The new entrance will shorten the journey to Ben Gurion airport by 10 kilometers for drivers approaching from the west.

Sources tell "Globes" that until most recently, Azerbaijan has been pushing for a three-way summit in Baku with President Ilham Aliyev hosting Netanyahu and Turkish President Recep Tayyip Erdogan.

"Globes" charts the remarkable nearly 20-year journey of the Israeli online trading platform, which culminated on Wall Street on Wednesday.

The proposal was put forward by shareholders out of geopolitical considerations.

There were 23,600 housing deals in Israel in the first quarter of 2025, down 9% from the first quarter of 2024, and down 6% from the preceding quarter.

European countries are demanding a review of whether Israel remains committed to Article 2, on human rights, of its Association Agreement with the EU.

Mortgages totaling NIS 8.05 billion were taken last month, up from NIS 5.95 billion in April 2024, according to preliminary figures from the Bank of Israel.

The project has an overall budget of NIS 500 million including a government grant of NIS 160 million from the Israel Innovation Authority.

The funds raised by the Israeli online trading platform could increase by $93 million, if the underwriters exercise the option to purchase additional shares at the offering price within 30 days.

However, Wizz Air has decided to resume its Tel Aviv flights from tomorrow.

According to the venture capital fund website PitchBook, Group 11's fifth fund raised $197 million, now worth, as reported today, only $191.7 million.

Greenbids’ technology creates custom bidding algorithms, tailored for each brand.

Somite AI is building DeltaStem, a platform and foundation model designed to revolutionize the production of human cells.

Germany's Lufthansa Group, which includes Lufthansa, Swiss, Austrian Airlines, Brussels Airlines and EuroWings, announced today that the suspension of flights to Israel is being extended until May 31.

Israeli online trading platform eToro will begin trading on Nasdaq tomorrow, market sources believe, after it will report the results of its pricing.

Jerusalem District police are accused of harassing workers and refusing to safeguard sites in their demands for reinforcements and higher pay.

The US special envoy was speaking at Ichilov Hospital in Tel Aviv during his meeting with released hostage Edan Alexander.

Holtzman's stake in the company, which owns the Il Makiage cosmetics brand, falls to 23%, but he retains a majority of the voting rights.

The US diagnostics giant will pay $80 million for the company, which will become its Israeli development center.

Psagot Investment House's new trading system offers a broad range of AI-based advanced technology tools, with exemption from management fees and attractive trading commissions.

The fund has sold its $7 million stake in Paz because "The company owns and operates infrastructure supplying fuel to Israeli settlements in the occupied West Bank."

The owner can only live in the apartment for three months a year and must rent it out for the rest of the year but the restriction is not enforced.

With the Shenandoah gas reservoir about to come on tap, Gideon Tadmor and his partners expect annual royalties in the hundreds of millions of shekels.

The fiscal deficit narrowed in the twelve months to the end of April 2025, to 5.1% of GDP, or NIS 104.7 billion, the Ministry of Finance accountant general reports.

Classiq’s platform and enterprise solution is suited to designing scalable quantum programs, and addresses the widening gap between quantum hardware and quantum software.

Pharma companies everywhere have been hit by the US president's announcement that he will cut prices of drugs to their lowest prices globally.

The Trump administration plans to replace the restrictions with bilateral agreements, but sees Israel as low priority.

Market sources believe that the rate of layoffs in Israel will be similar to the general rate worldwide.

As the Israeli army drafts reservists for an expanded operation in Gaza, the cabinet has approved incentives worth NIS 3.4 billion for reservists called up for combat duty.

Having signed a huge NIS 14 billion deal to buy the Arrow 3, Germany is now eager to procure the Arrow 4, which is under development, "Hartpunkt" reports.

A selection of recent real estate deals in Israel in Tel Aviv, Holon, Kfar Saba, Rosh Ha'ayin, Karmiel, and Kiryat Shmona.

The Israeli AI systems developer is focusing on reducing hallucinations in generative AI, which would make LLMs more reliable.

The list of foreign airlines opting for longer-term suspensions is lengthening.

The credit rating agency notes the strengths of Israel's economy, but sees current geopolitical risks as decisive.

Bercleys Group is building City Atlantic, a 110,000 square meter hotel, commercial, and conference complex at Ein Bokek.

According to a report by Reuters, the US president is no longer making normalization with Israel a condition of cooperation on a civilian nuclear program.

The size of the planned flotation has not yet been published but market sources believe that Ampa Group will try to raise NIS 700-800 million at a company valuation of NIS 3-3.5 billion.

Both local and international market factors are boosting the Israeli currency.

Pakistan claims intercepting 12 of the Israel Aerospace Harop drones launched into their territory by India.

The company, with the Intel CEO on its board, and set up by Mellanox veterans, tracks chip performance, monitors specific problems and fixes them remotely.

Details have been published about the fast lanes, along the Coastal Highway and the Ayalon Highway, which will be opened at the start of next year.

Israel’s foreign exchange reserves at the end of April 2025 rose to $222.035 billion, an increase of $3.224 billion from their level at the end of March, the Bank of Israel reports.

Foreign airlines continue to review their operations on routes to Israel.

In December US Judge Phyllis Hamilton ruled that the Israeli spyware company had violate WhatsApp for 'malicious purposes.'

The company's technology, called Code Projection, essentially analyzes the behavior of the code and ranks vulnerabilities according to their level of risk.

The bid for Discount Bank's 72% stake in credit card company Cal is non-binding at this stage. Several foreign investment firms have also expressed interest.

The Insight Partners cofounder and managing director has been in Israel to meet entrepreneurs, investors and senior figures in the tech industry.

The donation, from Blackstone president Jon Gray and his wife Mindy, will enable the university's Faculty of Medical and Health Sciences to expand both in medical studies and research.