Israeli cyber security solutions provider Check Point Software Technologies (Nasdaq: CHKP), reported financial results for Q3, beating market expectations. The company's profit and revenue have once again surpassed projections, despite the current economic climate....
ICL to build $400M lithium battery factory in U.S.
ICL (TASE: ICL) has been awarded a contract worth $400 million to build a plant that will produce material for the lithium battery in St. Louis, United States. The company received $197 million in funding following the approval of President Biden's Bipartisan...
Fattal acquires iconic London hotel
Fattal Holdings (TASE: FTAL) has announced the acquisition of the Dilly Hotel in London and is aiming to invest an additional £90 million. Instead of scaling back in times of uncertainty, the Israeli based hotel chain made a bold purchase of a lucrative asset. Opened...
Perion Network beats market’s expectations
Digital advertising and Internet search company Perion Network anticipates to deliver $158 million in revenue in the third quarter, which is 31% higher than the same period in 2021. Following the release of preliminary results on Thursday morning that exceeded market...
Elbit Systems wins deals worth $135 million in just two days
Elbit Systems (TASE: ESLT), has been awarded a $76M contract to supply an electronic warfare training capacity to an air force in the Asia-Pacific region. The deal will be in effect for two years. Elbit Systems will deliver a solution to the Air Force in the Asia...
Fattal raises this year’s financial outlook
Fattal Holdings, reported a triple-digit jump in revenues and a net profit of 107 million shekels in the second quarter. The largest Israeli hotel chain that owns 243 hotels in twenty countries, went through a bumpy ride during the corona period as virtually all...
Nice shows double-digit growth in revenues and profits
Even throughout the stormy times on Wall Street, the software company Nice, which has been led for the past eight years by Barak Elam, has seen business stability. One of the oldest Israeli high-tech giants, Nice specialises in the creation and marketing of systems...
ZIM delivers great profitability in Q2
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) reported a $1.3 billion net profit for the second quarter of 2022, an increase of 50% from Q1 of 2021. However, it is 24% less compared to the previous quarter. As shipping prices skyrocketed in the aftermath of...
Max Stock: despite drop in net profit, Europe is on horizon
The largest stock chain in Israel has recorded growth in sales, and distributes a dividend to shareholders of NIS 40 million • The company announces that it will soon open branches in Portugal, and is considering entering Spain The MaxStock chain, the largest in the...