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...
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...
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...
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...
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...
Teva, the second largest generic pharmaceutical firm in the world by revenue, is on the brink of settling thousands of opioid claims. The terms of a countrywide settlement worth $4.25B have been finalised. Teva was the number one corporation during its prime as it...
Palo Alto Networks Inc. (NASDAQ: PANW), one of the leaders in the cybersecurity space, signed an agreement to buy Israeli cybersecurity start-up Cider Ltd. for $195M. Cider Security provides a platform that helps software teams find and resolve vulnerabilities in...
The Israeli construction firm Shikun & Binui (TASE: SKBN) is continuing to move its infrastructure-related operations to the USA. The Pennsylvania Department of Transportation has given permission to a development group that includes Shikun & Binui to...
Nano Dimension (NASDAQ: NNDM), an Israeli 3-D printing technology company, reportedly got an offer from its largest shareholder to buy out the company for $1 billion, as reported by Bloomberg. Murchinson Ltd, which is based in Toronto, Canada, made a non-binding...
Israeli firm Ormat Technologies Inc. (NYSE: ORA), a market leader in the geothermal, energy storage, solar PV, and recovered energy power industries reported Q3 financial results. The company exceeded the market’s expectations over key parameters. Revenue for the...