Business news
Israel's business and economic news in English, from the country's financial press. Hebrew headlines are translated; every story links to the publisher.
Clal Insurance renews pursuit of investment bank Value Base
Clal Insurance is in early-stage negotiations to acquire investment bank Value Base at a valuation of NIS 600 million.
Globes · 1 day ago · Clal Insurance, Value Base
During the Crisis: Mitrani Aquatics Recalls Product Due to Fire Risk
Mitrani Aquatics, a pool products manufacturer, is recalling the Niya Aquasweep S10 pool cleaner after discovering that water could enter the device and cause electrical shorts and fires. The recall comes during a difficult period for the company, which is experiencing losses and declining sales while seeking investment from venture funds.
Clal Insurance exploring investment in one of Israel's veteran investment banks
Clal Insurance is examining an investment in Willow Base, acquiring 18-20% of the company at a valuation of NIS 600 million pre-money. Willow Base, founded in 2013, is controlled by Victor Shmarich and Ido Neuberger, with the remainder held equally by Nathan Hetz, Dudi Wertheim, and Mitav investment house.
Curse or Trend: What History Teaches Us About September and October in the Markets
The article examines the historical pattern of negative returns in summer months on Wall Street and a series of major global events that have occurred in September and October, exploring what lessons investors can draw and whether similar risks lie ahead for Israeli and global markets.
Buy and sell stocks around the clock: global exchanges prepare to extend trading hours
Nasdaq plans to launch 23-hour daily trading within months, while stock exchanges worldwide from Seoul to Tel Aviv are considering similar moves to extend trading hours.
Competition Authority puts Discount Bank's Cal sale in doubt
The Israeli Competition Authority has ordered the Horesh family's Union Investments to sell Super-Pharm if it wants to proceed with acquiring Cal from Discount Bank.
A selection of recent real estate deals in Israel across multiple cities including Tel Aviv, Rehovot, Beit Shean, Afula, Sderot and Yerucham.
Goldman Sachs invests $400m in Cyera
Goldman Sachs has invested $400 million in Israeli cybersecurity company Cyera, extending the company's $600 million Series C round announced in June at a $12 billion valuation.
Cognex buys Israel-based RealSense for over $600 million
Cognex has acquired RealSense, the Israel-based 3D vision company that was previously owned by Intel, for over $600 million. The RealSense division was purchased by its employees for $50 million after Intel decided to close it two years ago.
Tower crane company Skyline in NIS 340m exit
ILift, a provider of hoists for building sites, has acquired control of Skyline Cranes and Technologies from its founder Baruch Parnas for NIS 340 million.
Direct Finance buying control of Sigma City
Direct Finance is acquiring control of Sigma City, a company specializing in mezzanine finance for residential real estate projects, as part of Direct Finance's expansion into real estate activities.