Cisco acquires Israeli cloud security start-up Lightspin for $200M
US-based multinational technology conglomerate Cisco Systems has announced its acquisition of Israeli start-up Lightspin, a cloud security platform company, for an estimated $200 million. CEO Vladi Sandler and CTO Or Azarzar, the founders of the Israeli company, both...
BP and Abu Dhabi National Oil Company offer to acquire 50% of Israel’s NewMed Energy
A joint offer was made by British Petroleum (BP) and the Abu Dhabi National Oil Company (ADNOC) to acquire 50% of NewMed Energy (TASE: NWMD), which is owned by the Delek Group (TASE: DLEKG). The offer is at a price higher than the peak NewMed Energy reached on the Tel...
Shekel rises as Netanyahu pauses judicial overhaul: Will the momentum hold?
The recent news of the Prime Minister's decision to freeze legislation has had a positive impact on the Israeli market, with the shekel climbing to a one and a half month high against the US dollar. This marks the seventh consecutive day that the shekel has...
Falling disposable income: a looming challenge for Israel’s economy
Israel is currently facing a challenge in terms of falling disposable income, which could have a significant impact on the economy in the coming months. According to the Central Bank's Information and Statistics Division, about 50% of households are in the red on...
Tel Aviv ranks second in Europe for start-ups, boasting $393B enterprise value
Israel's tech industry has been making waves around the world for quite some time now, and the latest report from Dealroom shows just how far it has come. Tel Aviv, Israel's largest tech hub, has been ranked second in Europe in terms of its start-up ecosystem, with a...
Israel’s Electreon secures agreement with Toyota to develop wireless charging tech for EVs
Electreon Wireless, a technology company specializing in wireless charging solutions for electric vehicles (EVs), has entered into a strategic agreement with Toyota Motor Corporation and automotive component manufacturer DENSO to develop wireless charging technology...
Headlines
Cisco acquires Israeli cloud security start-up Lightspin for $200M
US-based multinational technology conglomerate Cisco Systems has announced its acquisition of Israeli start-up Lightspin, a cloud security platform company, for an estimated $200 million. CEO Vladi Sandler and CTO Or Azarzar, the founders of the Israeli company, both...
BP and Abu Dhabi National Oil Company offer to acquire 50% of Israel’s NewMed Energy
A joint offer was made by British Petroleum (BP) and the Abu Dhabi National Oil Company (ADNOC) to acquire 50% of NewMed Energy (TASE: NWMD), which is owned by the Delek Group (TASE: DLEKG). The offer is at a price higher than the peak NewMed Energy reached on the Tel...
Shekel rises as Netanyahu pauses judicial overhaul: Will the momentum hold?
The recent news of the Prime Minister's decision to freeze legislation has had a positive impact on the Israeli market, with the shekel climbing to a one and a half month high against the US dollar. This marks the seventh consecutive day that the shekel has...
Falling disposable income: a looming challenge for Israel’s economy
Israel is currently facing a challenge in terms of falling disposable income, which could have a significant impact on the economy in the coming months. According to the Central Bank's Information and Statistics Division, about 50% of households are in the red on...
Tel Aviv ranks second in Europe for start-ups, boasting $393B enterprise value
Israel's tech industry has been making waves around the world for quite some time now, and the latest report from Dealroom shows just how far it has come. Tel Aviv, Israel's largest tech hub, has been ranked second in Europe in terms of its start-up ecosystem, with a...
Israel’s Electreon secures agreement with Toyota to develop wireless charging tech for EVs
Electreon Wireless, a technology company specializing in wireless charging solutions for electric vehicles (EVs), has entered into a strategic agreement with Toyota Motor Corporation and automotive component manufacturer DENSO to develop wireless charging technology...
The fragile state of the global banking system: JP Morgan’s chief strategist sounds a warning
The global banking system is currently facing a crisis, with banks collapsing and markets becoming increasingly turbulent. Inflation is also high, making the situation even more complicated. According to Marco Kolanovic, the chief strategist for global markets at JP...
Israel’s economy: shekel continues to weaken while inflation anticipation rises
The recent depreciation of the shekel and rising inflation expectations in Israel have raised concerns regarding the potential effects on the economy. Inflation projections from capital markets for this year have risen beyond the target range of the Bank of Israel,...
What is causing shekel’s recent weakness?
The Israeli shekel is currently experiencing a period of weakness against major currencies such as the US dollar and the euro. The reasons behind this trend are complex and multifaceted, with both domestic and international factors contributing to the shekel's...
UBS to acquire Credit Suisse amidst crisis
The financial world was shaken by the news that Credit Suisse was on the brink of collapse, leading to the Swiss bank's acquisition by UBS. The deal, which is expected to be signed soon, is worth up to one billion dollars and will be entirely in shares. According to...
Israel’s housing market: newly built properties decline in price while rents rise at highest pace since 2008
The Israeli real estate market is allegedly experiencing a price decrease for newly constructed properties, as stated in recently published reports. The broader market trend appears to be also heading in this direction in the not-too-distant future, despite the fact...
Israel’s inflation rises higher than expected in February
In February, Israel's inflation rate fell to a four-month low of 5.2%, down from 5.4% in January. While this may appear to be good news, it was actually higher than expected, suggesting that the Bank of Israel may raise interest rates again next month. The consumer...
Leading Israeli banks report record profits for 2022
Israeli banks Bank Leumi (TASE: LUMI) and Mizrahi Tefahot (TASE: MZTF) reported record profits for 2022, citing a growth in the credit portfolio and an increase in interest rates as the main reasons behind the great performance. Leumi Bank's net profit for 2022...
Zim’s 2022 success paves the way for strong 2023 results amid tough environment
ZIM Integrated Shipping Services (NYSE: ZIM), the Israeli shipping company, reported an outstanding year in 2022. Under the management of Eli Glickman, the company reported a 17% growth in revenue to $12.56 billion and came very close to the record profits it recorded...
SVB’s bank run: a warning sign for Israel’s tech industry and venture capital
Silicon Valley Bank, a start-up focused lender, suffered a sudden bank run last week and collapsed on Friday morning, being taken over by the U.S. federal regulators. The bank had specialized in banking for tech start-ups since 1983 and provided financing for almost...
Edible oils to real estate: Shemen Industries’ transformation leads to 350% share price gains
Shemen Industries (TLV: SMNIN), a company that has been in operation for over 100 years, recently changed its business focus. The company, which was previously known for producing edible oils under the brands "Olive Tree" and "Milomor," has now turned its attention to...
Wall Street falls as Federal Reserve plans further interest rate increases in coming months
On March 7, 2023, Federal Reserve Chairman Jerome Powell gave a semi-annual monetary policy testimony to the US Senate Banking Committee, indicating that the Federal Reserve is planning to raise interest rates in the coming months. Powell stated that if the economic...
Dr. Doom: Israel may face economic upheaval if government presses on with legal changes
Nouriel Roubini, an American economist and professor at New York University known as Dr. Doom for correctly forecasting the 2008 financial crisis, has warned that the government's proposed legal reforms could cause a recession in Israel. According to Roubini,...
El Al soars to profitability: Israel’s national airline bounces back from pandemic losses
El Al Israel Airlines (TLV: ELAL), Israel's national carrier, reported a profit in 2022 after a two-year loss of nearly $1 billion. Following the pandemic, which resulted in organizational restructuring and new ownership, the airline ended 2022 with a $109 million net...
Israeli high-tech: American computing giant HPE acquires Axis Security for $500M
Despite concerns about changes in Israel's legal system affecting the high-tech industry, Israeli cyber company Axis Security has been acquired by American computing giant HPE for half a billion dollars. Founded in 2018 by veterans of Unit 8200, Dor Knafo and Gil...
Fitch reaffirms Israel’s credit rating but remains concerned about judicial reform and increased public spending
Fitch, the international ratings agency, has reconfirmed Israel's A+ rating and stable outlook, but expressed concern about the government's planned judicial reform and the independence of the central bank. In assessing Israel's economy, Fitch noted a high debt-to-GDP...
Will Bank of Israel intervene in FX markets to prop up shekel?
The recent depreciation of the shekel against foreign currencies has sparked speculation that the Bank of Israel will intervene in the foreign exchange market. The shekel has fallen by 8% against the dollar in just over a month since the government's push for judicial...
As Federal Reserve looks to raise interest rates, Israel is gearing up to deal with repercussions
Inflation in the United States is on the rise and it is expected to impact Israel's economy. The recent release of the Private Consumption Expenditure Index (PCE) data, the preferred inflation index of the Fed, showed that inflation is not decreasing as expected....
U.S. housing market is in its worst decline since 2008
The housing market in the United States has lost $2.3 trillion in value, the largest loss since the global financial crisis of 2008. According to data from real estate brokerage Redfin, the total value of U.S. homes dropped by 4.9%, after reaching a peak of $47.7...
While many are focusing on appreciating dollar, it is this currency that gained 20% against shekel
Despite hitting a low in 2022, the euro has made a remarkable recovery. For the first time in 20 years, its value dropped below that of the US dollar. Breaking out of the war, the resultant energy crisis, and the reluctance of the European Central Bank (ECB) to take...
World’s largest sovereign wealth fund has investments in 70 Israeli companies
The Norwegian sovereign wealth fund, the world's largest of its kind, revealed its portfolio holdings in a filing with the US Securities and Exchange Commission (SEC) at the end of 2022. According to the filing, the fund had billions of dollars invested in 70...
Bank of Israel takes a hawkish stance, increasing interest rates by 0.50%
As was anticipated by some experts, the Bank of Israel raised the interest rate by 0.5% and not by 0.25% as was the consensus earlier last month. The official interest rate now stands at a fifteen-year high of 4.25%. The prime rate, which is relevant to the general...
Innovation
Israel’s Electreon secures agreement with Toyota to develop wireless charging tech for EVs
Electreon Wireless, a technology company specializing in wireless charging solutions for electric vehicles (EVs), has entered into a strategic agreement with...
Artificial Intelligence war: Google unveils rival to Microsoft backed ChatGPT
Artificial intelligence (AI) has recently been the topic of much discussion in the tech world. In an effort to gain a foothold in the market, the world's leading companies have invested billions of dollars in the area. ChatGPT, a Microsoft-backed system developed by...
Israel’s Apollo Power opens world’s largest flexible solar panel factory
Apollo Power (TASE: APLP.TA), the Israeli solar energy company, has opened a factory to mass-produce solar panels. According to the company, the new facility is unique in that it is the first of its kind and is the largest in the world. Amazon, the world's leading...
Israeli start-up develops AI that co-writes essays and cites sources
AI21 Labs, an Israeli artificial intelligence (AI) start-up, is developing and preparing to launch what could be a game-changer in academia and education. It aims to do what its competitor, ChatGPT, is not capable of doing: enable AI to write articles with proper...
Israeli company launches ultra-fast power booster for EVs
While Israel is making steady progress toward the adoption of electric vehicles (EVs), a more pressing challenge is emerging. The availability of infrastructure for recharging cars and the speed at which it is achieved. On the one hand, doing so in the comfort of...
Economy
Shekel rises as Netanyahu pauses judicial overhaul: Will the momentum hold?
The recent news of the Prime Minister's decision to freeze legislation has had a positive impact on the Israeli market, with the shekel climbing to a one and...
Falling disposable income: a looming challenge for Israel’s economy
Israel is currently facing a challenge in terms of falling disposable income, which could have a significant impact on the economy in the coming months. According to the Central Bank's Information and Statistics Division, about 50% of households are in the red on...
Tel Aviv ranks second in Europe for start-ups, boasting $393B enterprise value
Israel's tech industry has been making waves around the world for quite some time now, and the latest report from Dealroom shows just how far it has come. Tel Aviv, Israel's largest tech hub, has been ranked second in Europe in terms of its start-up ecosystem, with a...
Israel’s economy: shekel continues to weaken while inflation anticipation rises
The recent depreciation of the shekel and rising inflation expectations in Israel have raised concerns regarding the potential effects on the economy. Inflation projections from capital markets for this year have risen beyond the target range of the Bank of Israel,...
What is causing shekel’s recent weakness?
The Israeli shekel is currently experiencing a period of weakness against major currencies such as the US dollar and the euro. The reasons behind this trend are complex and multifaceted, with both domestic and international factors contributing to the shekel's...
Company Reporting
Cisco acquires Israeli cloud security start-up Lightspin for $200M
US-based multinational technology conglomerate Cisco Systems has announced its acquisition of Israeli start-up Lightspin, a cloud security platform company,...
Leading Israeli banks report record profits for 2022
Israeli banks Bank Leumi (TASE: LUMI) and Mizrahi Tefahot (TASE: MZTF) reported record profits for 2022, citing a growth in the credit portfolio and an increase in interest rates as the main reasons behind the great performance. Leumi Bank's net profit for 2022...
Zim’s 2022 success paves the way for strong 2023 results amid tough environment
ZIM Integrated Shipping Services (NYSE: ZIM), the Israeli shipping company, reported an outstanding year in 2022. Under the management of Eli Glickman, the company reported a 17% growth in revenue to $12.56 billion and came very close to the record profits it recorded...
Edible oils to real estate: Shemen Industries’ transformation leads to 350% share price gains
Shemen Industries (TLV: SMNIN), a company that has been in operation for over 100 years, recently changed its business focus. The company, which was previously known for producing edible oils under the brands "Olive Tree" and "Milomor," has now turned its attention to...
El Al soars to profitability: Israel’s national airline bounces back from pandemic losses
El Al Israel Airlines (TLV: ELAL), Israel's national carrier, reported a profit in 2022 after a two-year loss of nearly $1 billion. Following the pandemic, which resulted in organizational restructuring and new ownership, the airline ended 2022 with a $109 million net...
Stock Market
BP and Abu Dhabi National Oil Company offer to acquire 50% of Israel’s NewMed Energy
A joint offer was made by British Petroleum (BP) and the Abu Dhabi National Oil Company (ADNOC) to acquire 50% of NewMed Energy (TASE: NWMD), which is owned...
UBS to acquire Credit Suisse amidst crisis
The financial world was shaken by the news that Credit Suisse was on the brink of collapse, leading to the Swiss bank's acquisition by UBS. The deal, which is expected to be signed soon, is worth up to one billion dollars and will be entirely in shares. According to...
Israeli real estate vs stock market: Which is better?
Housing prices in Israel have risen rapidly over the last five years. It would be less surprising if this phenomenon was limited to Tel Aviv and its suburbs, but when the national average rise reaches 37%, it just emphasizes the extent of the recent property market...
Will tomorrow’s US inflation report cause market rally?
US stocks are still going up on Wednesday, as markets are eagerly waiting for tomorrow's release of the consumer price index (CPI) report for December, which might demonstrate if Wall Street's recent surge in optimism was justified or exaggerated. The current...
Taboola shares soar following Yahoo’s move to buy 25% stake in advertising deal
The share price of Israel based company Taboola.com skyrocketed to an all-time high when Yahoo Inc. purchased a 25% stake in the artificial intelligence (AI) driven advertising company as part of an exclusive 30-year advertising arrangement. Following the announcement...
Portfolio
The fragile state of the global banking system: JP Morgan’s chief strategist sounds a warning
The global banking system is currently facing a crisis, with banks collapsing and markets becoming increasingly turbulent. Inflation is also high, making the...
Israel judicial reform: Is investment environment beginning to deteriorate?
For many years, Israel’s capital market have been relatively immune to domestic political and security developments, instead being heavily connected with global markets movements. However, professionals at local and foreign financial firms are beginning to express...
Dow Jones leaves bear market territory. Here is why investors should be cautious
When Jerome Powell hinted during his last speech that the Federal Reserve was going to slow the pace of raising interest rates to 0.5% at its December meeting, the markets rallied and all three key indices registered substantial gains on the day. For Dow...
With interest rates rising, companies with low debt preparing to reap rewards
Warren Buffett once famously said, “Only when the tide goes out do you discover who's been swimming naked.” In other words, one should not judge companies and investors based on their track record during bull markets. The true nature of success becomes evident when...
How does lower inflation in US impact Israeli capital market?
The better-than-expected inflation numbers released in the United States last Thursday caused a shift in sentiment on Wall Street. Growth firms, which saw steep drops this year, have surged as prices skyrocketed, while defensive sectors, which were previously...
Real Estate
Israel’s housing market: newly built properties decline in price while rents rise at highest pace since 2008
The Israeli real estate market is allegedly experiencing a price decrease for newly constructed properties, as stated in recently published reports. The...
Israel’s apartment sales time doubles in eighteen months, indicating property market upheaval
The Israeli real estate market is dealing with a new economic reality: high interest rates that have not been seen in a decade. The number of transactions has been rapidly declining over the last six months, as there are now fewer buyers on the market due to an...
Leumi does not anticipate big price declines in Israel’s property market next year
According to the latest data released by Israel's Bureau of Statistics on Friday, house prices have registered an increase of 20.3%, making it the fastest annual rise in a decade. However, Leumi, the largest Israeli bank, anticipates seeing this trend change within...
Is Israel’s property market cooling?
According to data released by the Bank of Israel (BOI) this afternoon, the Israeli real estate market is continuing to contract. It shows that the overall value of mortgages obtained in November was NIS 7.6B, a 31% drop from the number of mortgages issued in the same...
Shikun & Binui win 4B contract to build largest IDF compound
Shikun & Binui (TASE: SKBN), one of the largest construction companies in Israel, won a tender to build and operate "Ofek Rahav" project. According to it, the company will plan, construct, and operate the compound for a period of 25 years. Subject to signing of...
BP and Abu Dhabi National Oil Company offer to acquire 50% of Israel’s NewMed Energy
A joint offer was made by British Petroleum (BP) and the Abu Dhabi National Oil Company (ADNOC) to acquire 50% of NewMed Energy (TASE: NWMD), which is owned by the Delek Group (TASE: DLEKG). The offer is at a price higher than the peak NewMed Energy reached on the Tel...
Shekel rises as Netanyahu pauses judicial overhaul: Will the momentum hold?
The recent news of the Prime Minister's decision to freeze legislation has had a positive impact on the Israeli market, with the shekel climbing to a one and a half month high against the US dollar. This marks the seventh consecutive day that the shekel has...
Falling disposable income: a looming challenge for Israel’s economy
Israel is currently facing a challenge in terms of falling disposable income, which could have a significant impact on the economy in the coming months. According to the Central Bank's Information and Statistics Division, about 50% of households are in the red on...
Tel Aviv ranks second in Europe for start-ups, boasting $393B enterprise value
Israel's tech industry has been making waves around the world for quite some time now, and the latest report from Dealroom shows just how far it has come. Tel Aviv, Israel's largest tech hub, has been ranked second in Europe in terms of its start-up ecosystem, with a...
Israel’s Electreon secures agreement with Toyota to develop wireless charging tech for EVs
Electreon Wireless, a technology company specializing in wireless charging solutions for electric vehicles (EVs), has entered into a strategic agreement with Toyota Motor Corporation and automotive component manufacturer DENSO to develop wireless charging technology...
The fragile state of the global banking system: JP Morgan’s chief strategist sounds a warning
The global banking system is currently facing a crisis, with banks collapsing and markets becoming increasingly turbulent. Inflation is also high, making the situation even more complicated. According to Marco Kolanovic, the chief strategist for global markets at JP...
Israel’s economy: shekel continues to weaken while inflation anticipation rises
The recent depreciation of the shekel and rising inflation expectations in Israel have raised concerns regarding the potential effects on the economy. Inflation projections from capital markets for this year have risen beyond the target range of the Bank of Israel,...
What is causing shekel’s recent weakness?
The Israeli shekel is currently experiencing a period of weakness against major currencies such as the US dollar and the euro. The reasons behind this trend are complex and multifaceted, with both domestic and international factors contributing to the shekel's...
UBS to acquire Credit Suisse amidst crisis
The financial world was shaken by the news that Credit Suisse was on the brink of collapse, leading to the Swiss bank's acquisition by UBS. The deal, which is expected to be signed soon, is worth up to one billion dollars and will be entirely in shares. According to...
Israel’s housing market: newly built properties decline in price while rents rise at highest pace since 2008
The Israeli real estate market is allegedly experiencing a price decrease for newly constructed properties, as stated in recently published reports. The broader market trend appears to be also heading in this direction in the not-too-distant future, despite the fact...