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3251652	无图 <p> </p> <p> The National Wages Council Convenes to Develop Annual Guidelines <p> <time>19 August 2025</time> </p> <p>1. The National Wages Council (NWC), a tripartite body comprising employer, employee and government representatives<sup>1</sup>, will convene on 1 September 2025 to develop its annual guidelines (covering 1 December 2025 - 30 November 2026) on wage and employment-related issues.</p><p>2. In its deliberations, the NWC will take into account Singapore"s economic competitiveness, labour market conditions, inflation, productivity growth, as well as the global economic outlook. The NWC will also continue to set out its annual guidance on the range of Progressive Wage growth for lower-wage workers. The NWC aims to release its guidelines by November 2025.</p><p>3. Members of the public are welcome to share their views on wage-related issues, and their suggestions on the upcoming guidelines. Feedback can be submitted to the NWC Secretariat at https://go.gov.sg/nwc25-26publicfeedback by 1 September 2025.</p> <p> ANNEX </p> <p> <p> <p> <p> Share this page Share this page on facebookTweet this pageEmail this pagePrint this page </p> <p> Last Updated: 19 August 2025</p> </p> </p> 0819 NWC Convenes To Develop Annual Wage Guidelines	查看 1664	新加坡人力部	2025-08-19 08:00:00 2025-08-19 10:30:17	word
3251651	有图 <p> With the deadline passed, the US chip giant must choose from dozens of offers from the Israel Land Authority, municipalities, local and regional authorities, and even the Agriculture Ministry. <p>Dozens of proposals from many authorities throughout Israel have been submitted to US chip giant Nvidia over the past few weeks after it issued a request for information (RFI) last month for a new development center. The Israel Land Auhority (ILA) alone offered 14 locations it thought suitable for Nvidia"s new campus.</p><p>The deadline was a week and a half ago for companies, authorities and various bodies to provide Nvidia with information on a land plot that would meet the criteria defined in the request - including an area of 70 to 120 dunams (17.5-30 acres), and a zoning plan that allows for the establishment of a center in a built-up area of up to 180,000 square meters.</p><p>The number of applicants was large. One of the intriguing applicants, which did so in the last week for submitting applications, is the Ministry of Agriculture, which is offering Nvidia a partnership in land at the Volcani Institute"s research center in Neve Yaar in Ramat Yishai. The Ministry of Agriculture"s director general Oren Lavie sent a letter to the Israel Land Authority, requesting that it rezone agricultural land in for building Nvidia"s campus. "Globes" has learned that the Ministry of Agriculture hopes that building the new development center on the institute"s grounds will enable cooperation between the company and the institute on AI and agricultural research.</p><p>Campus named after Nvidia</p><p>The Afula Municipality also submitted an interesting proposal to Nvidia to build the development center in the city"s new high-tech campus, and suggested that the entire campus be named after the company. The municipality offered Nvidia specific land, which it said was "available for construction immediately and covers an area significantly larger than the company requires." It is also offering the company "particularly significant discounts" on local taxes.</p><p>The Harish Municipality has also put itself forward as a candidate, and is included in the list of locations submitted by the ILA to Nvidia, even though it is slightly outside the search area defined by Nvidia.</p><p>Even though Nvidia specified it will build its campus in northern Israel, it has also received a proposal from the Sha"ar HaNegev Regional Council, which is part of the Gaza border area. The area is located near the Sderot railway station, in the OfirTech innovation park, currently under construction and named after the late former council head Ofir Libstein, who fell in battle on October 7. The land does meet the criteria for transport accessibility, but not the criteria for area and construction size. The area covers 18 dunams, and offers approximately 21,000 square meters of built-up space - much less than the numbers defined by Nvidia.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1602055390/direct/%D7%A0%D7%91%D7%99%D7%93%D7%99%D7%94_EIZ_0518__11_sezknw.jpg" rel="noopener noreferrer"> ILA offers Nvidia 14 sites for new R&D campus </p> <p> In Israel, Intel fires while Nvidia hires </p> <p> Nvidia embarks on huge investment in Israel </p><p>The deadline for submitting proposals has passed, and Nvidia is currently reviewing dozens of different types of applications - a process that is expected to take some time until a final decision is made on the most suitable location for building its development center.</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 5, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Battle heats up to house Nvidia's Israel campus - Globes	查看 3934	Globes	2025-08-05 20:22:00 2025-08-19 09:34:09	word
3251650	有图 <p> The Israeli shopping malls and offices giant, which will buy a 67% stake in the residential development and construction company, raised its valuation by NIS 18 million. <p>Israeli shopping malls and offices giant Azrieli Group (TASE: AZRG) is set to buy residential real estate development and construction company ZMH Hammerman (TASE: ZMH). After protracted negotiations lasting a month and a half, Azrieli Group chairman Danna Azrieli, who has a controlling 56% stake in the company, has reached agreement with institutional investors to raise the value of the deal by NIS 18 million to NIS 873 million.</p><p>As part of the agreements, which should receive support at ZMH Hammerman"s general meeting, Azrieli agreed to an increase in value in exchange for the support of the institutional bodies that threatened to vote against the agreement. In doing so, Azrieli has removed the final obstacle on the way to acquiring the company, which will add residential development activity to its real estate empire, and will result in ZMH Hammerman delisting from the TASE.</p><p>Azrieli Group said, "After direct and transparent discussions, we reached respectful agreements that will enable the closing of the deal. As part of the understandings, we reached an agreement that the company"s value will be linked to the consumer price index from March 2025, with an addition of NIS 5 million shekels, as a sign of goodwill to complete the move. We appreciate all parties involved for their flexibility and commitment to the success of the deal."</p><p>It was also agreed that accounting firm Ernst & Young (EY) partner Yuval Ganani, who mediated between Azrieli and ZMH Hammerman, would waive about half of the brokerage fee, which was supposed to be NIS 13 million, which Azrieli planned to pay from ZMH Hammerman"s funds.</p><p>The institutional investors threatened to scupper the deal</p><p>The agreements between the parties come after Azrieli reported in June that it had signed an agreement to acquire control of ZMH Hammerman at a valuation of about NIS 855 million. Under the terms of the agreement Azrieli was to buy 67% of the shares of the company for NIS 559 million, while the remaining shares would stay with ZMH Hammerman controlling shareholders Haim Feiglin and Ran Ben-Avraham.</p><p>However, the TASE rally and sharp jump in the share price of the company, reshuffled the deck, and led the institutional entities invested in ZMH Hammerman to demand a much higher value. Opposition to the deal was led by the Brosh activist investment fund (4.9%) managed by Amir Efrati, which joined the other institutional entities (Phoenix, Harel and Clal), which hold 30% of the shares.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1731231610/COT_Pic/8700_phijiq.jpg" rel="noopener noreferrer"> Rush to real estate triggers risk warnings </p> <p> Azrieli Group seeks slice of Israeli residential market </p><p>The fact that the Tel Aviv Construction Index jumped by over 30% in the month following the launch of the Iran operation led the institutional bodies to demand a value of about NIS 1 billion, about 17% higher than the original value. "We always thought that the value of ZMH Hammerman should be over NIS 1 billion, even higher than the updated value in the deal with Azrieli," said a source who was among the group of opponents at the time. At one stage ZMH Hammerman"s market cap on the TASE exceeded its valuation in the deal. On the other hand, Azrieli resolutely declared that it had no plans to increase the valuation in the deal, even if the deal had to be abandoned. In the end both sides compromised, with Azrieli adding to the valuation.</p><p>Expanding Azrieli"s real estate empire</p><p>ZMH Hammerman, managed by Haim Feiglin, develops and builds real estate projects, mainly in the residential market. The company was founded in 1997 and was floated on the TASE ten years later. By the end of 2024, it had built over 10,800 apartments around Israel, as well as 356,000 square meters of commercial, office and industrial space.</p><p>Over the past year, the company"s stock has been volatile, among other things due to the negotiations for the deal and the renewed interest of investors in development companies following the Iran operation. Since the start of 2025, the company"s stock has risen by about 11%, completing a jump of about 61% in the past year and is currently trading with a market cap of NIS 829 million.</p><p>Azrieli Group said after the agreement was reached. "Our entry into the world of residential development in Israel complements the group"s diverse areas of activity and strengthens our commitment to continuing to build and develop the country - a Zionist value that has accompanied us all along the way. We believe that by combining the group"s experience and capabilities, with the expertise of ZMH Hammerman, we will be able to further expand our contribution to the Israeli economy and the local real estate industry."</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 6, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Azrieli Group to buy ZMH Hammerman at NIS 873m valuation - Globes	查看 5351	Globes	2025-08-06 21:11:43 2025-08-19 09:34:09	word
3251649	有图 <p> A logistics center spanning tens of thousands of square meters will be built for it on land owned by Tidhar and Harel (75%) and Delek Group (25%), "Globes" has learned. <p>Rafael Advanced Defense Systems is set to lease a large logistics center close to one of its existing offices, "Globes" has learned. A logistics center spanning tens of thousands of square meters will be built for it on land owned by Tidhar and Harel (75%) and Delek Group (25%).</p><p>"Globes" understands that the rent Rafael will pay will be NIS 22 million per year, for 25 years, totaling more than NIS 500 million. As part of the company"s expansion, due to major growth in the defense industries, Rafael has decided to merge several logistics complexes into a hub to be built in Akko. Rafael is the biggest employer in northern Israel, and the choice of location stems from its proximity to the David Institute in Haifa Bay, the main plant in the company"s production division.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1750837499/direct/%D7%94%D7%93%D7%9E%D7%99%D7%99%D7%AA_%D7%A4%D7%A8%D7%95%D7%99%D7%A7%D7%98_%D7%A7%D7%95%D7%A1%D7%9E%D7%95%D7%A4%D7%95%D7%9C%D7%99%D7%98%D7%9F_%D7%A7%D7%A8%D7%93%D7%99%D7%98_%D7%90%D7%A0%D7%93%D7%95_%D7%A1%D7%98%D7%95%D7%93%D7%99%D7%95_uvo0br.jpg" rel="noopener noreferrer"> Rafael buys Tel Aviv office space for NIS 521m </p> <p> Rafael wins $2.2b Romanian air defense deal </p> <p> Rafael unveils three versions of Iron Beam laser system </p><p>As part of the deal, Rafael, led by CEO Yoav Tourgeman, will be given an option to buy part of the logistics center at a later date.</p><p>Tidhar and Harel purchased their 75% share from Delek in 2021 for NIS 150 million. The land has remained vacant since 2003 due to soil contamination, and the companies will have to clean up the soil before construction can begin.</p><p>Rafael said: "Rafael is growing at a very fast pace and its activity is increasing significantly year by year. The company plans to establish a large logistics center that will provide a response to a variety of needs that are currently dispersed between various sites. The project in Akko was found to be the best alternative both in terms of geographical proximity to Rafael"s central institute, which will ensure accessibility and efficiency, and due to the price and viability of the deal.</p><p>In June, Rafael announced that it will purchase 6.5 floors in the Cosmopolitan project in Tel Aviv"s Hassan Arafa district from Acro Real Estate, Phoenix Financial, Yuvalim, City Boy and Shabbat Moshe for NIS 521 million.</p><p>No comment on this report has been forthcoming from Rafael.</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 7, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Rafael to lease Akko logistics center for NIS 500m - Globes	查看 3035	Globes	2025-08-07 21:38:00 2025-08-19 09:34:09	word
3251648	有图 <p> "Globes" examines several studies that shed light on the value of a protected room in the sale price of a home and the rent that can be charged. <p>Have the prices of homes with protected rooms risen compared with the prices of homes without a protected room, since the war began in October 2023? Two weeks ago, the Bank of Israel published a surprising study, which found that the premium on a protected room since the start of the war - the price difference that the market prices for an apartment with a protected room compared with an apartment without a protected room - has actually decreased when it comes to buying apartments, but has risen significantly in the rental market.</p><p>However, another study commissioned by "Globes", and conducted by the Israel Real Estate Appraisers Association, did not compare time periods, but rather home prices as of now, and it shows much bigger differences than those found by the Bank of Israel study.</p><p>Bank of Israel: 99,000 deals since 2023</p><p>In the Bank of Israel study, researchers, Yossi Yakhin and Aya Talmon, examined some 99,000 deals carried out since 2023, two-thirds of which were second-hand apartments, as well as ads for the sale and rental of apartments.</p><p>The study found that on the eve of October 7, 2023, apartments with a protected room were about 8.2% more expensive than similar apartments without a protected room, and that this premium had fallen to about 6.4% by the end of 2024. However, initial findings from the Iran operation indicate that this premium jumped to levels of 11%, although the significance of this data is not yet fully clear.</p><p>In contrast, the rent sought in apartment rental ads showed a slight increase in the premium with the outbreak of the war, and starting in May 2024, after the first missile attack from Iran, continued to rise. From May 2024 until December 2024, the premium for a protected room was 3.7%-4.1% higher than its level in the first nine months of 2023, before the outbreak of the war.</p><p>The Bank of Israel study did not examine the reasons for these results, which contradict the accepted narrative that the price difference widened between apartments with a protected room and those without a protected room. In their assessment, during the period studied, there was an expectation of an improvement in the security situation after the end of the war, and considering that the date of occupying the apartments was estimated by the buyers as coming after the end of the war, this lowered the premium for the protected room.</p><p>On the other hand, rental deals are for shorter terms, and therefore tenants examined the situation according to current criteria and were willing to raise the rent they pay, for an apartment with a protected room.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1753176835/direct/shutterstock_1470061748_qzt0he.jpg" rel="noopener noreferrer"> High-end home prices rising regardless of protected rooms </p> <p> "After 33 years it"s time to rethink protected rooms" </p><p>The study also conducted an initial examination of apartment prices during the Iran operation, and found a certain increase in the premium for the protected room, both in apartment prices and in rent, but at least at this stage their statistical significance is unclear.</p><p>When the Bank of Israel researchers examined the big cities, they found a significant decrease in the premium for protected rooms received in Tel Aviv and Ashdod, and a significant increase in Beersheva and Netanya. In the remaining places, the findings are described in the study as non-significant, but there were places, such as Haifa and Jerusalem, where a strange situation is described, in which apartments receive a premium for not having a protected room. The researchers have no answer as to why this occurs.</p><p>"Globes" possible explanation for this is that apartments with a protected room are often located in relatively new neighborhoods, while apartments without a protected room tend to be located in older and more sought-after neighborhoods, where apartment prices are higher. For example, the expensive Rehavia and Beit HaKerem neighborhoods in Jerusalem, most of which do not have protected rooms, compared with Kiryat Yoval, where there is a wave of urban renewal with relatively cheap apartments.</p><p>At the same time, the researchers also found that the owners of apartments with protected rooms, who put them up for sale started with high initial prices, which represented a very high premium for protected rooms, and later lowered them when it became apparent that they had no buyers at these prices.</p><p>Real Estate Appraisers Association: 4-room apartments in five cities</p><p>The second study, which was conducted exclusively for "Globes," was by the Real Estate Appraisers Association was different in almost every aspect, from the examination method to the final conclusions.</p><p>The Real Estate Appraisers Association examined the price differences of four-room apartments with a protected room versus without a protected room in five cities: Tel Aviv, Jerusalem, Haifa, Ashkelon and Nahariya, over the last three months. Nahariya and Ashkelon experienced more rockets from Gaza and Lebanon, while Jerusalem largely remained "out of the war."</p><p>The association did not make do with just comparing prices, but made the comparisons based on prices per square meter, because the higher absolute price of apartments built in recent decades stems, among other things, from the differences in apartment sizes.</p><p>The Association explains, "Apartments built in the 1950s, 1960s and 1970s usually have a smaller number of square meters, with an average of about 80 square meters for a four-room apartment. In contrast, the more modern construction of the 2000s and onwards produced an average four-room apartment with an area of about 100 square meters. Therefore, the more correct comparison is the average cost per square meter."</p><p>The Association further explains that there are additional parameters that affect apartment prices, primarily age, since apartments without a protected room are also older. The focus on the last three months was intended to try to eliminate additional parameters that could affect the price of the apartment.</p><p>The study found that the highest price difference per square meter between apartments with a building permit and apartments without a building permit is in Tel Aviv, at about 20%. Haifa, Ashkelon and Nahariya show gaps of about 19%. These are cities that were hit by many missiles during the war, but since the defeat of Hezbollah in Lebanon and the elimination of Hamas"s rocket capability from the south, there have been almost no missile alerts in Ashkelon and Nahariya.</p><p>Apart from this, even in Iran operation, Ashkelon and Nahariya were not targeted by Iranian missiles, compared with Haifa, which suffered several direct hits. This may have had a slight impact on the relative price gap, which is slightly higher in Haifa.</p><p>In Jerusalem, there is a significantly smaller difference in the gaps between the prices of apartments with and without protected rooms, compared with other cities examined. The explanation for this is that there were very few missiles targeting the city.</p><p>In addition, the Association explains, "There are neighborhoods and areas in Jerusalem that are in greater demand, and new construction is less substantial there, and therefore the lower the supply there and the higher the demand, the price difference narrows, even though these are old apartments without protected rooms."</p><p>This explanation, which applies primarily to the haredi neighborhoods, can probably also explain the negative premium received by apartments with a protected room in Jerusalem.</p><p>A similar study conducted by "Globes" on apartment prices in the last six months in Tel Aviv"s 3rd and 4th (rova) districts revealed findings similar to those of the Appraisers Association. New apartments and apartments with a protected room reached prices of about NIS 71,000 per square meter, while apartments without a protected room cost about NIS 54,000 per square meter. In these places, the differences found were higher, but these are two of the most expensive neighborhoods in the city, so it is reasonable that the differences are also greater.</p><p>The question is whether increasing the price difference between apartments with a protected room and apartments without a protected room could lead to a reduction in tenants" demands in urban renewal projects, for adding space. The chairwoman of the Appraisers Association chair Nehama Bogin, does not believe so. "We are not at a stage where tenants will give up on changes in the urban renewal process. For tenants, urban renewal is an opportunity to improve the quality of life and not just an economic return on paper. Following the war, there is a certain acceleration on the part of tenants who realize and understand the importance of an apartment with a protected room and a new building and do not delay the process, and neither do they give up on increasing the size."</p><p>The chief economist: Demand grew after the missile hits</p><p>Another study conducted by the Ministry of Finance chief economist found that demand for apartments with a protected room increases mainly after significant missile damage.</p><p>The chief economist"s May review of the housing market found that the Iranians are the best promoters of sales of apartments with a protected room, since after each time missiles were launched from there in May and October 2024 and as part of the Iran operation in June 2025, sales of apartments with a protected room increased. Between attacks, the homebuyers reduced demand for protected rooms.</p><p>This indicates that our memory is probably shorter than we thought during the war, and that already today people are willing to compromise on unprotected apartments, but in places that suit their tastes and needs. If this is indeed the case, and the relative calm from missiles continues, the price differences between protected and unprotected apartments that the Bank of Israel found will continue to narrow.</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 7, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> How much does a protected room add to the value of a home? - Globes	查看 10597	Globes	2025-08-07 14:40:00 2025-08-19 09:34:09	word
3251647	有图 <p> The buyer plans, after demolishing the existing house, to build a new 700 square meter detached house on the land, with a large garden and swimming pool. <p>A 1,500 square meter plot on Partizanim Street in the Kfar Ganim neighborhood of Petah Tikva, on which an old detached house stands, was recently sold for NIS 25.3 million. According to realtor Yaniv Shitrit of Gold Properties and Developments, which specializes in the luxury market in this area, says that the asking price had been NIS 26 million, and the buyer is an Israeli businessman who currently plans, after demolishing the existing house, to build a new 700 square meter detached house on the land, with a large garden and swimming pool.</p><p>The lot has building rights for three houses and the price reflects this. Shitrit says, "A huge house can be built on the land, and in the future the buyer can build another house on the land, for his children or for business purposes."</p><p>The land itself cost a little over NIS 25 million, but the buyer still has to demolish the existing structure and build the new house. According to estimates, based on a construction cost of at least NIS 20,000 per square meter built in the luxury market, building a new house will cost about NIS 14 million, meaning the cost of the entire transaction, plus the cost of the land, will be about NIS 40 million.</p><p>The Kfar Ganim A and adjacent Neve Oz neighborhoods of Petah Tikva have many detached houses. About a decade ago, Moti Zisser"s estate, which was built on land spanning 5,000 square meters in the neighborhood was sold for NIS 28 million.</p><p>Shitrit, who has been worked in the city for 20 years, says, "The two neighborhoods have recently been enjoying some of the highest demand ever here. Land for houses and gardens is among the most expensive in Gush Dan today, in my opinion - around NIS 20,000 per square meter of land, before construction. Quite a few deals are made in these neighborhoods for houses and gardens, meaning there is a certain supply of such lots, but there are not that many and the demand is enormous."</p><p>Previous deals: The Neve Oz and Kfar Ganim neighborhoods have seen quite a few deals in the past year for high amounts. At the end of 2024, an 11-room, 428 square meter detached house, with a 576 square meter garden and two parking spaces, was sold for NIS 12.392 million. In May 2024, a 648 square meter lot on HaKeshet Street in Neve Oz was sold for NIS 11.15 million. Shitrit himself recently brokered the sale of a 650 square meter lot in this area for about NIS 13 million and the sale of a 354 square meter lot, for semi-detached house, for about NIS 12 million. In Ramat Verber, slightly north of this area, a lot slightly bigger than 1,000 square meters was sold last March for NIS 7.5 million.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1754403243/direct/01_eiu7td.jpg" rel="noopener noreferrer"> Two Tel Aviv penthouses for sale at NIS 160m each </p> <p> The Tel Aviv street 60% dearer than Sde Dov </p> <p> Florentin becoming too expensive for many young people </p> <p> Ramat Hasharon house sells for NIS 12.4m </p><p>Prices of land in the area are skyrocketing. "I expect the price increases to continue," says Shitrit, "because prices are mainly influenced by foreign residents, who are constantly looking for apartments here. Although in the not-so-distant past it was customary to see purchases by foreign residents in Israel only in the coastal area and in Jerusalem, this trend has changed a lot recently. Today there are quite a few foreign residents who are looking for a community, rather than proximity to the coast, and these neighborhoods in Petah Tikva - in Neve Oz and Kfar Ganim - offer exactly that. I receive calls almost every day from foreign residents from the US, France, Belgium and more, who are interested in an apartment in these areas of the city, in order to move and settle here. I definitely think that we are facing more price increases, which will be dictated by foreign residents."</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 10, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Petah Tikva house and lot fetches NIS 25.3m - Globes	查看 4475	Globes	2025-08-10 20:09:33 2025-08-19 09:34:09	word
3251646	有图 <p> High interest rates, high taxes and home price falls are driving investors away from the home market, the Ministry of Finance chief economist reports. <p>The number of apartment investors, Israelis who own at least two homes, was about 386,000 as of June 2025. This is about 18% of homeowners in Israel, in addition to 1.73 million Israelis who own one home. About 25% of the investors, 92,000, own at least two homes for investment, in addition to the apartment in which they (probably) live. The figure does not include apartment heirs, whose exact number the Ministry of Finance and the Israel Tax Authority are unable to calculate.</p><p>Investing in homes has been a very popular trend in Israel in recent decades. Low interest rates and price rises in the real estate market encouraged tens of thousands of Israelis to buy apartments for investment every year. But now this trend has ground to a halt.</p><p>The Ministry of Finance chief economist reports that while the number of apartments purchased by Israelis as their only home fell 11% in the first half of 2025 compared with the first half of 2024, the number of homes bought by investors fell 17%, to an average of 1,000 apartments per month. The trend gained momentum in the second quarter of 2025, with sales falling to a historic low. The monthly average fell to 875 homes purchased by investors. In the last 15 years, only twice has the monthly average not exceeded more than a thousand apartments: during the first Covid lockdown and in the first months of the war.</p><p>The number of deals has fallen by 50% from last year</p><p>According to data from the last decade, about 13,000 new real estate investors were added to the number of home investors each year. But while in the peak year of 2021, almost 30,000 new investors were added to the market, according to the sales rate in the first six months of 2025, the increase in investors this year will be only 8,000.</p><p>Those leading the decline are those referred to by the Ministry of Finance as "veteran investors." Those with a history of buying and selling investment homes. According to the chief economist, between January 2023 and April 2024, they dominated the investment housing market and were responsible for about 70% of deals, buying about 10,000 homes. In this group, multi-asset investors who own at least two investment homes stood out, accounting for about 40% of all purchases.</p><p>However, since May 2024, there has been a sharp decline in the relative prevalence of veteran and multiple asset investors within the investor circle. The proportion of veteran investors in the market stabilized at 40% in the first half of 2025, purchasing roughly 2,400 apartments, down over 50% compared with the purchases made in the first half of 2024.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1638444393/direct/P2290722_k8zjtf.jpg" rel="noopener noreferrer"> How much does a protected room add to the value of a home? </p> <p> Tax Authority closing in on rental tax evaders </p> <p> Sellers outnumber buyers for Tel Aviv homes </p><p>Negative incentives and high taxes have left their mark</p><p>What has caused this heavy fall and why is the share of long-time investors in the fall so high? The chief economist attributes this, among other things, to the first missile launches from Iran in April 2024, but it is difficult to see this as a central or sufficient reason.</p><p>Other negative incentives keeping investors away are: high apartment prices, and especially the talk and predictions of a possible change in trend in the housing market (the Central Bureau of Statistics has already reported three consecutive months of price declines, albeit at a relatively slight rate of 0.6%); high interest rates in the market, as well as the restrictions imposed by the Bank of Israel and the Supervisor of Banks on financial transactions by contractors.</p><p>Furthermore, at the end of 2024, the Knesset Finance Committee approved continued high purchase tax on home investors, which is a minimum rate of 8% (compared with 5% in the past). In a situation where the average gross return reaches roughly 2.5% on renting out an apartment (gross return does not include associated expenses for tax, lawyers, brokers, maintenance, renovation, etc.), this is a tax bracket equivalent of more than three years" returns that is written off at the time of purchase.</p><p>The alternatives: The capital market or property abroad</p><p>"There are alternatives to investing in real estate, especially for veteran investors," says Nahi Finkelstein, an investor advisor - another popular profession that has seen better days. "An investor has no reason to put money in a market where prices are stable with a tendency to decline. The market today is less attractive and that same investor will often prefer to invest in the capital market or even in an apartment in Portugal, for example.</p><p>"Even given that there will be no significant price drop, investors purchase apartments and assume that they will benefit from increases and have capital gains from the purchase. If they anticipate that there will be no such increases, they will not buy. There is currently a relatively high degree of certainty that apartment prices will not rise, but only in certain places."</p><p>Investment advisor Tzahi Kvatinsky agrees, "Prices, taxation and interest rates have led to a change in trend. A veteran investor tells himself that even if he can allocate 50% equity to an apartment, he will still have to spend thousands of shekels a month on the mortgage compared the the rent, and this weighs. For such investors, the capital market today gives excellent returns, or they can choose to invest abroad."</p><p>The situation is likely to harm those renting apartments</p><p>The mirror image is, of course, rents. A decrease in the number of investors in the market means fewer apartments available for rent, which could put pressure on rents. All the more so after the Iran operation in June, which damaged tens of thousands of apartments and increased almost overnight the already high demand for renting an apartment.</p><p>Last month, the Central Bureau of Statistics reported a 5.9% increase in rents for new contracts, a figure we haven"t seen in a long time. The Bank of Israel Governor also referred to this in order to justify keeping high interest rates. About a quarter of the Consumer Price Index consists of changes in rental prices, which certainly doesn"t help to cool inflation.</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 13, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Investors shunning Israel's homes market - Globes	查看 6924	Globes	2025-08-13 20:55:37 2025-08-19 09:34:09	word
3251645	有图 <p> The data from property websites and anecdotes from real estate agents show a market in decline. <p>"Globes" reported a month ago that a penthouse in Tel Aviv"s well-heeled Lammed neighborhood in the north of the city was sold for NIS 7.95 million, shortly before the Iran operation in June. The initial asking price was NIS 10.5 million, but the sellers dropped the price by 24%. Since the penthouse did not have a protected room, it could be seen as something isolated, related to the general security situation, but that is not the case.</p><p>A quick browse of the Yad 2 website reveals many homes in Tel Aviv that have dropped in price. For example a three-room 76 square meter apartment on Lillian Street near Kikar Hamedina, has cut its asking price from NIS 6.5 million to NIS 6.1 million. A 109 square meter, four-room apartment in Nahalat Yitzhak, has come down from NIS 4.65 million to NIS 4.49 million. A 100 square meter four-room, ground floor apartment on Tiomkin Street in the heart of the city, has come down from NIS 4.31 million to NIS 4.19 million, and a 180 square meter, 5.5-room, ground floor apartment in the Mishtala neighborhood, has come down from NIS 7.15 million to NIS 6.99 million.</p><p>There yet clearer examples of price declines, which experienced real estate agents working in Tel Aviv told "Globes" about, with the unequivocal message: the slowdown in the city"s residential market is being clearly felt.</p><p>A million-shekel drop from the initial asking price</p><p>Some of the realtors operating in Tel Aviv said that they felt a decline in activity, and with it a decline in prices, even before the war. But the actual decline in prices, throughout the city, began in 2024. Data from the Madlan website show that the average price for an apartment in the city peaked at NIS 4.61 million in March 2024, and that by June 2025 it had fallen 8% to NIS 4.21 million.</p><p>In deals for new apartments, the decline is slight, from an average of NIS 5.3 million before the war, according to the Madlan website, to an average of NIS 5.261 million in June 2025. In the second-hand market, the decline is clearly felt: from a peak of NIS 4.13 million in March 2022, to NIS 3.363 million in June 2025. Since the end of 2022, there has been an 18% decrease in prices.</p><p>"We are marketing an apartment in the Old North of the city, where the owners asked NIS 6.5 million in September 2024. I believed then that it could have been sold for NIS 6 million, but today it is being marketed and will be sold for around NIS 5.5-5.6 million, down about NIS 1 million from the original asking price, and about NIS 500-600,000 from what it was really worth," says Yaron Rosenbaum of RE/MAX-Win Tel Aviv.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1740324508/direct/shutterstock_2437057467_dcc9ny.jpg" rel="noopener noreferrer"> Sellers outnumber buyers for Tel Aviv homes </p> <p> High-end home prices rising regardless of protected rooms </p> <p> Tel Aviv penthouse by Yarkon Park sold for NIS 24m </p> <p> Tel Aviv Park Bavli penthouse sells for NIS 43m </p><p>"For another apartment in the Old North, the owner asked NIS 3.15 million in November 2024. It sold in April for NIS 2.6 million, a fall of more than half a million shekels."</p><p>Shirli Werner, a realtor at RE/MAX Ocean, tells of an apartment in District (Rova) 3 that was also sold for less than the initial asking price: "The owner of the property insisted that we put it up for sale for NIS 7.5 million," she says. "We told him that the upper range was NIS 7 million, but we advertised for two weeks at the price he asked for, so that he could feel the market. When he saw that nothing was happening, we revised the asking price to NIS 6.95 million and then the apartment was sold. You can see this as a decrease, but we asked a high price to start with, but with transparency with the property owner who knew that we would update to the real market price. This creates a different level of interest from potential buyers, once apartments are priced correctly.</p><p>"What is for sure is that, two years ago, at a time when the market was overheating, the situation was exactly the opposite. You could put it on the market at a price of NIS 7 million, and sell for NIS 7.5 million. That"s exactly what happened to us at the time, with an apartment on one of the quiet streets of Tel Aviv near the sea. Nothing like that would happen today."</p><p>Anglo-Saxon real estate company director of urban renewal in Tel Aviv Ron Weissberg talks in the same vein. He recalls, "In 2021, the market was absolutely crazy. People felt that if they didn"t buy an apartment, they would miss out. Today, experts are talking about 9,000 apartments ready for marketing and not sold in Tel Aviv, and back then it was a case of much smaller numbers, and for sure not at such levels.</p><p>"I prefer not to share specific details about deals in which there was a price drop, but I say and stand behind it that there are apartments that were sold in the city which were clearly cut by hundreds of thousands of shekels. You see it in ads, in actual marketing, and in deals that were completed. You see significant falls, even taking into account Tel Aviv"s high price levels."</p><p>Eldar Marketing CEO Ronny Cohen says, "We see price falls throughout the city. There is interest, and there are sales. Marketing is more difficult and challenging, there is no doubt about that, but things are happening and apartments are also being sold in Tel Aviv. By the way, an interesting phenomenon that I"ve been seeing recently, and that I still can"t give a precise explanation for, is that at present more special apartments (penthouses, mini-penthouses and garden apartments) are being sold. As you know, these are the more expensive apartments, but they are currently being successfully marketed in larger numbers. I assume that in the not-too-distant future we will understand the exact reason for this."</p><p>Correction and stabilization, or a 3-year trend?</p><p>Cohen describes the lower prices as "one-off, non-dramatic" price corrections, mainly in projects approaching occupancy. "In these projects, the developers and contractors cut prices so as not to be left with unsold apartments when they are occupied, and they do this either through real price drops or through offers of some kind. In general, I have felt these declines mainly in the last year, and especially since the beginning of 2025, but not before."</p><p>The view that the current situation is a market correction is also backed up by the numbers. Although home prices in Tel Aviv fell 8%, according to Madlan, this decline must viewed with the correct perspective. At the end of 2020, according to Madlan, the average home price in Tel Aviv was NIS 3.562 million, so even today, after the declines, the average home price in the city is 18% higher than it was four and a half years ago.</p><p>"There was a disproportionate rise in 2021, which continued into 2022," explains Werner, "and the market simply underwent a correction in 2022 and 2023. Between 2023 and 2024, prices were generally stable, and there was no real decline. In 2024, there was even an increase of almost 20% in the number of deals, according to data from the Tax Authority. There is no doubt that sellers today are more realistic, and understand that the buyer knows how to check things out and understand how much similar apartments were sold for. Those motivated to sell will price correctly and sell, and this is in contrast to 2021-2022, when the market operated according to the principle of "any price will hit the mark." People can look at this as a decline, but it is not really a decline; it"s a market that is stabilizing after a disproportionate rise."</p><p>However, some argue that the downward trend began three years ago, when the government"s judicial reform began, and the political-social tension that came with it. The slowdown was then mainly manifest in a steep decrease in activity, but it also brought with it a decline in prices that continues to this day.</p><p>"We have been feeling a significant change in activity for three years now," says Rosenbaum. "The main trigger was the interest rate hikes that began in the US and Israel, and to this was added the political instability, the reform, and, of course, the war that began on October 7, 2023. In the past 18 months, there has been a clear decline in prices in second-hand apartments, in most areas of the city, and especially in the Old North, the city center and the heart of the city, where the decline is between 10% and 15%. Until a few months ago, it wasn"t written about. The statistics showed that prices continued to rise, but we brokers clearly felt the decline."</p><p>Weissberg adds, "The last three years have been bad for the economy, for understandable reasons and they have been especially bad for the housing market in general, and for Tel Aviv in particular. Tel Aviv is an expensive city, and an expensive product is more affected during such periods, especially when you take into account that in Tel Aviv a major portion of the purchases were made by investors, many of whom came from abroad. We saw a halt to this during the reform days, and even more so during the war. We can say that about 90% of foreign investors left the market, and although the vacuum was filled somewhat by Israeli investors, there is no comparison in terms of volume. Activity has clearly decreased significantly."</p><p>"The market has bottomed out and has started to rise"</p><p>Will activity in the Tel Aviv housing market continue to slow? Will we continue to see significant price declines, or will we see the market recover? The industry believes that the trend is likely to reverse.</p><p>"About a year ago, buyers started returning to the market, even in larger numbers than on the eve of the war, but the actual number of deals being closed is still low," says Rosenbaum. "It takes much longer to close deals, and many of them "fall" during the process, and many buyers withdraw. But in the long term, I am optimistic. I believe prices will rise, and a clear distinction will be created for apartments in good condition, renovated and new, the prices of which will increase more easily. Owners of apartments in old buildings, 30-40 years old, without a protected room or shelter, will have a much harder time raising the price."</p><p>"The demand for apartments in Israel, and in Tel Aviv in particular, will not disappear so quickly," adds Cohen. "The birth rate, the increasing immigration rate, the shortage of apartments carried over from previous years, all guarantee that there will continue to be demand and that people will buy apartments. Anywhere else, from a cold and neutral perspective, the current situation should have led to zero sales in the market, but here this is not happening, because of the pressures of demand. They are materializing more slowly, but it is happening."</p><p>Weissberg says, "In recent months, there has been an increase in enquiries, in responses of potential clients to ads, and even a certain increase in deals, but it is a tiny increase. There are more enquiries, but we cannot say we are seeing a surge in sales. It is clear that, looking ahead, this market will revive at some point. There have already been price declines in real estate, this is not the first time there has been a decline and a slowdown, and as soon as the security situation improves significantly, it will happen, and Tel Aviv will maintain its strength and uniqueness."</p><p>Werner concludes, "Last July, we did more than 30 deals in the office. This is a crazy amount that shows the market is picking up. I feel that there has been a radical change for the better in the market, because people understand that the market has reached a point where it is starting to rise. There is a lot of contact with foreign residents. We receive many enquiries from the US, South Africa, and European countries, from Jews looking for a safe haven home.</p><p>"It is true, today there is still an opportunity, because the market is calmer, and it is still possible to buy an apartment without getting into "bidding wars" with other buyers that will increase the price. I believe that, in the coming months, the market will clearly return to being a seller"s market."</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 14, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Tel Aviv home prices falling sharply - Globes	查看 12815	Globes	2025-08-14 14:37:00 2025-08-19 09:34:09	word
3251644	有图 <p> The company has developed a fully designed and simulated architecture capable of scaling to 1 million qubits in a single cryostat. <p>Israeli quantum computing company QuamCore has announced the completion of a $26?million Series?A financing round led by Sentinel Global, with participation from Arkin Capital, as well as existing investors Viola Ventures, Earth & Beyond Ventures, Surround Ventures, Rhodium, and Qbeat. The Israel Innovation Authority contributed a $4?million non-dilutive grant. This brings the total funding raised by the company to $35?million.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1652696331/direct/%D7%AA%D7%9E%D7%99%D7%A8_%D7%94%D7%99%D7%9E%D7%9F_ma7mta.jpg" rel="noopener noreferrer"> Israel-US plan $200m quantum fund with UAE, Saudi Arabia </p> <p> Innovation Authority chief: Israel top for deep tech investment </p> <p> Israel launches first domestically-built quantum computer </p><p>QuamCore is a deep-tech startup tackling quantum computing’s hardest scalability challenges. The company has developed a fully designed and simulated architecture capable of scaling to 1 million qubits in a single cryostat. This milestone, long considered out of reach, fundamentally changes the economics of quantum computing by eliminating the need for massive multi-cryostat infrastructure.</p><p>QuamCore’s innovation lies in tightly integrating superconducting digital control logic directly into the cryostat. This reduces the cabling burden by orders of magnitude and eliminates the primary thermal bottleneck that has blocked large-scale adoption. The design also includes built-in error correction, a critical feature for achieving fault-tolerant quantum computing.</p><p>QuamCore CEO Alon Cohen said, "From day one, we focused on the minimum viable system to unlock real-world quantum advantage - and that number is 1 million qubits. We chose to radically rethink the architecture of the most mature and performant platform: superconducting qubits. The result is a blueprint that can scale, stay compact, and remain aligned with where the industry is already headed. This funding allows us to accelerate both chip production and prototype integration. The quantum industry is maturing - and with our approach, superconducting qubits will remain in the lead."</p><p>QuamCore’s founding team blends deep expertise in quantum information, superconducting devices, and large-scale semiconductor systems. With this funding, the company will move from design to fabrication of its first-generation processors, establish a dedicated quantum lab, and scale up operations.</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 4, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Israeli quantum computing co QuamCore raises $26m - Globes	查看 3008	Globes	2025-08-04 21:00:00 2025-08-19 09:34:09	word
3251643	有图 <p> Capitolis has developed a platform enabling banks and financial institutions to optimize their efficiency in capital markets through synergy and collaboration. <p>Israeli fintech company Capitolis has announced the completion of a $56 million strategic financing round backed by some of the world’s leading banks - new investors Barclays, BNP Paribas, and JPMorgan and previous investors Citi, Morgan Stanley, State Street, and UBS. Venture capital firms including Canapi Ventures, 9Yards Capital, and Greenfield Partners, all of which took part in the company’s Series D round in 2022, also participated in this round. This latest financing round brings the total amount raised by Capitolis to $350 million.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1599740590/direct/1786628%D7%92%D7%99%D7%9C_%D7%9E%D7%A0%D7%93%D7%9C%D7%96%D7%99%D7%A1_-_%D7%A7%D7%A4%D7%99%D7%98%D7%95%D7%9C%D7%99%D7%A1_-_%D7%90%D7%99%D7%99%D7%9C_%D7%98%D7%95%D7%90%D7%92_rqc9dt.jpg" rel="noopener noreferrer"> Israeli fintech co Capitolis buys UK co Capitalab </p> <p> Fintech co Capitolis raises $110m at $1.6b valuation </p><p>Capitolis, founded in 2017, has developed a platform enabling banks and financial institutions to optimize their efficiency in capital markets through synergy and collaboration. The company works closely with the world’s leading banks and financial institutions to help solve their core optimization needs.</p><p>Capitolis founder and CEO Gil Mandelzis said, "These investments will help us further accelerate our growth and expansion in the capital markets as we continue our strong business momentum."</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 6, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Israeli fintech co Capitolis raises $56m - Globes	查看 1981	Globes	2025-08-06 20:00:00 2025-08-19 09:34:09	word
3251642	无图 <p> Founded two years ago, the Tel Aviv based company has become an AI lab that produces revenue from three main areas, involving AI applications for the individual user. <p>Decart, one of the only Israeli companies developing a large language model (LLM), has ignited the enthusiasm of investors and raised $100 million from existing investors, on much better terms than in the past. Less than a year after its last funding round in December 2024, AI company Decart AI is receiving a $3.1 billion valuation, a more than six-fold increase.</p><p>This is a rare move for an early stage startup. Companies are usually eager to add new investors with each new funding round in order to attract higher-profile investors and bring a larger number of strategically valuable experts to the investor table. In this case, these are existing investors, including Sequoia, Valley Capital, Benchmark and Zeev Ventures - the venture capital fund of the Israeli investor Zeev Ventures, in which Peter Thiel, the first investor in Facebook and Palantir, is also invested. New investors, such as the Israeli Aleph Fund, joined the financing round - apparently due to the connection of partner Michael Eisenberg to Benchmark, in which he previously served as a partner.</p><p>Decart explains that although it has raised $153 million so far - it has actually used less than $10 million of the investors" money because it has covered the heavy costs for graphics processors, which amounted to tens of millions of dollars, from its revenue.</p><p>The Tel Aviv-based company has transformed from a startup that developed a model that reduces the costs of training and operating LLMs, into an AI lab that produces revenue from three main areas, involving AI applications for the individual user: an optimization service that is capable of performing more training and operating operations on the same graphics processor - in other words, reducing the cost of Nvidia processors (optimization); a model development service that interfaces with customers" existing models (API) and is provided to the end user via their cloud; and a new product - research or model development services in the video field, a niche in which the company has positioned itself through the launch of the Oasis and Mirage video generators. The company also plans to launch language models for the audio field, and does not limit itself to a specific format, but calls Decart an AI lab that studies the behavior of AI models as well as the interface between humans and machines.</p><p>The company"s latest video language model, Mirage, has received positive market feedback after demonstrating the ability to generate virtual reality using real-time text queries (prompts) faster than models like OpenAI"s Sura or Google"s Veo3. This feature is advantageous, for example, in creating personalized advertisements, video games, or other commercial experiences based on the user"s characteristics, interests, and query content.</p><p>Decart was founded in 2023 by CEO Dr. Dean Leitersdorf, CPO Moshe Shalev, both veterans of the IDF 8200 intelligence unit. Over the past year the company has grown from 15 to over 60 employees most working in the Tel Aviv headquarters as well as in offices in northern Israel, San Francisco and New York.</p><p>Decart says it became profitable almost from day one. The company generated millions of dollars in revenue through agreements for use of the GPU optimization technology it developed, which is deployed by prominent cloud providers and AI labs. This technology also forms the basis of the company"s video models, and enables a significant reduction in costs, from tens to thousands of dollars (such as $1,400 per hour for producing a prompt-based video, in advanced models) to less than 25 cents per hour in Decart"s models. This cost reduction opens the door to a new era of real-time applications - from the worlds of gaming, through personalized entertainment experiences to advanced robotics. This has led to strong demand for the model"s API, which is expected to be launched soon and join the company"s optimization activities as another key growth engine.</p><p>Investor enthusiasm for the company"s achievements may also spill over to potential buyers. Last year, Nvidia completed a billion-dollar acquisition of two companies in Israel that have some similarities to Decart: Run:AI, which developed technology to streamline calculations on GPUs and extract more training and execution capabilities from the same GPU; and Deci AI, which developed algorithms to "shrink" large language models. Nvidia is increasing its presence in Israel by expanding its software team, and a company like Decart could once again whet its appetite for AI acquisitions in Tel Aviv.</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 7, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Israeli AI co Decart raises $100m at $3.1b valuation - Globes	查看 4995	Globes	2025-08-07 19:32:00 2025-08-19 09:34:09	word
3251641	有图 <p> Ron Miasnik, formerly CEO of BCV"s portfolio company Duality Labs, becomes the US venture capital fund"s newest partner. <p>US venture capital fund Bain Capital Ventures (BCV) is opening an office in Israel and has appointed 26 year old Ron Miasnik as a partner and to manage Israel operations. BCV is best known because one of its founders was the former Republican presidential candidate Mitt Romney. Miasnik has already been a product manager at Microsoft and Houzz and had a junior role at Israel"s Aleph venture capital fund.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1741179414/direct/grain_zpvlnu.jpg" rel="noopener noreferrer"> Israeli forex optimization co Grain raises $33m </p> <p> Israeli co Dream Security raises $100m at $1.1b valuation </p> <p> Permira buys control of BioCatch at $1.3b valuation </p><p>In 2024 alone BCV invested $150 million in Israeli tech companies including former NSO Group CEO Hulio Shalev"s Dream Security as well as Grain, Daylight, Armis and Redis.</p><p>Miasnik was born in the US to Israeli parents and attended high school in Mountain View, in the heart of Silicon Valley. He completed his undergraduate degree with honors at Princeton University, and stood out in the Israeli venture capital scene when he led delegations of Israeli executives to Silicon Valley during his studies, and then served as chief of staff at the Aleph venture capital fund. Miasnik founded AI company Duality Labs, and two years ago joined BCV, where he has been leading the application of AI technologies in traditional industries that have not yet undergone digital transformation, such as law and insurance</p><p>For this reason, Miasnik also invests outside of Israel, and has so far made several key investments in companies such as Crosby, an online law firm that raised $6 million to develop technology for scanning and processing legal documents and Indian company Pronto, which offers professional services to households. According to PitchBook, BCV manages $10 billion, of which $1.16 billion is available for investment. Among its exits: the sale of its stake in Biocatch to Permira, and of Armis to Insight Partners, as well as Observe IT to ProPoint.</p><p>Mitt Romney himself no longer holds a position at the fund. He officially left its operations in 2002.</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 11, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Bain Capital names 26 year old to manage Israel operations - Globes	查看 2708	Globes	2025-08-11 22:29:32 2025-08-19 09:34:09	word
3251640	有图 <p> Uri Levine has teamed with former Hanaco Ventures partner Pasha Romanovski to invest in Israeli growth stage companies. <p>Uri Levine, cofounder of traffic navigation app Waze, which was acquired by Google for $1.1 billion in 2013, is setting up a $40 million new venture capital fund. He is founding the fund with former Hanaco Ventures partner Pasha Romanovski, who managed the investments in companies like Lightricks, Redefine Meat, and Vesttoo, which is under investigation by the US authorities for fraud. Romanovski was a director of the company but is not under any suspicion in the affair. He left Hanaco last year after the affair blew up and after he was sued by the singer Omer Adam and investor Ran Nussbaum over allegations of deceiving investors at foodtech company Infarm.</p><p>Levine, who currently lives in Madrid, is a serial entrepreneur that raises money for his own companies. The new fund called Double Down Is also for investment in Levine"s companies and will focus on growth stage startups that have reached the revenue threshold of tens of millions of dollars, some of which are even operating profitably. "Globes" has learned that members of the new fund will not join the boards of directors of the companies following investments.</p><p>Launch of operations - towards the end of 2025</p><p>Double Down is an opportunity fund raising capital to support existing portfolio companies, and will not make investments in new companies. So far, it has raised, according to estimates, about $20 million of its target, and the launch of its operations is planned towards the end of 2025. Levine and Romanovski are not working to raise capital from institutions in Israel, but are focusing on private investors and wealthy families (family offices) in Europe, the US and South America.</p><p>Among the companies targeted for investment by the fund: Pontera (formerly FeeX), a pension plan management platform for agents and financial advisors in the US - which raised $60 million 18 months ago at a company valuation of $550 million, according to PitchBook; Oversee (formerly Fairfly,) which provides organizations with a platform that tracks changes in airfares for ticket purchased for employees and managers - and re-tickets when the price falls. Oversee has overcome challenges posed by the Covid pandemic and war, and is now a growing company.</p><p>Other investment targets are: the WeSki tourism platform, which organizes vacations at ski resorts and currently generates millions of dollars in revenue - in the ski tourism market worth $100 billion annually; Cahun Medical, which structures clinical knowledge for Gen-AI use; farming management company Citrii, which provides AI-based information on agricultural produce; software company Dynamo; and the parking app Pumba.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1633532850/direct/shutterstock_1407910778_vyx3i0.jpg" rel="noopener noreferrer"> Fintech co Pontera raises $60m at $550m valuation </p> <p> Waze founder raises $3m for FeeX </p> <p> Google confirms Waze acquisition </p><p>Levine was Waze CEO on its founding, and later decided to relinquish the position in favor of hired CEO Noam Bardin, who ran the company until the sale to Google. He then served as president and shortly after the exit, left the company to found companies with young entrepreneurs and raise capital for them. Among other things, he was one of the early investors in Moovit and its first board member, before it was sold to Intel. Levine lectures on entrepreneurship at a university in Madrid, and he has written a book on technological entrepreneurship.</p><p>No response has been forthcoming from either Levine or Romanovski.</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 12, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Waze founder sets up $40m venture capital fund - Globes	查看 4104	Globes	2025-08-13 00:03:23 2025-08-19 09:34:09	word
3251639	无图 <p> The Israeli company has developed a direct-to-consumer (DTC) platform for mobile game publishers to maximize profits through owning player relationships. <p>Israeli mobile games sales platform Appcharge has completed a a $58 million Series B finance round led by IVP, with participation from Playrix, as well as existing investors including Creandum, Play Ventures, Glilot Capital Partners, Smilegate Investment, Moneta Ventures, BITKRAFT Ventures and Corundum. The new capital brings the total amount raised by the company to $89 million.</p><p>Appcharge has developed a direct-to-consumer (DTC) platform for mobile game publishers to maximize profits through owning player relationships. The company will use the round to scale its platform with new products to meet the global industry demand and to lead the next era for the mobile games’ customer engagement.</p><p>Appcharge has grown rapidly of late and is currently processing more than $500 million in transactions and has grown 14 times year over year. The raise comes nine months after the company raised $26 million in its Series A financing round.</p><p>Appcharge cfounder and CEO Maor Sason said, "Court rulings and policy changes have blown the direct-to-consumer doors wide-open. Publishers are increasingly moving to direct-to-consumer as a fundamentally stronger model. We are at the forefront of this evolution, helping build the era beyond app stores - and even beyond web stores - for better economics for consumer apps and more options for customers."</p><p>Appcharge powers stores for more than 100 games, with publishers reporting significant gains in retention and average profit 35% higher.</p><p>The funding round follows the launch of Appcharge’s iOS Payments SDK and AppDirect, two products that expand the company’s suite of seamless, compliant, and scalable direct-to-consumer solutions. These new tools, alongside Appcharge’s widely-adopted Payment Links, further equip publishers to adopt a holistic DTC model, which frees them from platform fees and unlocks more meaningful and financially rewarding interactions.</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 13, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Mobile games sales platform Appcharge raises $58m - Globes	查看 2333	Globes	2025-08-13 19:00:00 2025-08-19 09:34:09	word
3251638	无图 <p> The Israeli company has helped governments identify billions of dollars in the shadow economy in offshore assets and illicit financial activity. <p>Israeli non-compliance exposure company IVIX today announced the completions of its $60 million Series B financing round led by O.G. Venture Partners (OGVP) with participation from Insight Partners, Citi Ventures, Team8, Disruptive AI, Cardumen Capital, and Cerca. This brings the total amount raised by the company to $85 million.</p><p>Founded in 2020 by Mattan Fattal and Doron Passov, IVIX has developed am AI-powered platform to help governments combat financial crime at scale using LLMs, advanced graph analytics and publicly available data. The company says that the financing round follows five consecutive years of rapid growth and customer acquisition, as IVIX has helped customers identify billions of dollars in offshore assets and illicit financial activity. IVIX has 60 employees at its headquarters in New York, R&D offices in Israel and other offices in Europe, the US, South America and Asia to serve governments around the world.</p><p>IVIX will use the capital raised to accelerate its research and development capabilities and the widespread adoption of its AI-powered solution to illuminate and combat financial crime at scale. IVIX has already been deployed by government authorities in the US, Europe, and Asia.</p><p>Fattal said, "For decades, publicly available data has been underutilized in combating complex financial crime due to its scattered, opaque nature and challenges in deriving actionable insights. At IVIX, we"ve embraced this mission. By assembling top-tier tech talent, investing in focused research, and leveraging the new era of LLMs combined with modern graph algorithms, we deliver impactful results to our customers. This is the most complex technology I"ve ever worked on, and it"s a true pleasure."</p><p>He added, "Our Series B success positions us to advance our capabilities and help more authorities around the world stay ahead of the rapidly evolving shadow economy. Together with our investors and partners, we"re committed to delivering innovative solutions that create meaningful impact at scale and serve the greater public good."</p><p>Law enforcement agencies have long faced the challenges of traditional methods of evasion, such as shell companies, offshore accounts, and layered money laundering schemes. Today, these challenges are compounded by modern innovations such as sophisticated cryptocurrency networks, high-speed micro-transactions, anonymity and pseudonymity in blockchain, and the explosion of global e-commerce. Illicit activity in these industries and many others has resulted in a $20 trillion global shadow economy that operates largely beyond the reach of traditional investigative methods.</p><p>IVIX combats this global problem at scale by utilizing publicly available business data and graph analytics to index the internet from a financial perspective, giving authorities full visibility into financial crime and criminal networks that traditional methods often miss. In short, IVIX is the intelligence layer that makes hidden financial networks visible - using its OSINT-driven AI and graph analytics to uncover the unseen connections that power financial crimes.</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 18, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> IVIX raises $60m to use AI to uncover tax evasion - Globes	查看 3537	Globes	2025-08-18 19:00:00 2025-08-19 09:34:09	word
3251637	有图 <p> Starlink provides Internet services from anywhere in the world, in the most remote and underserved locations on land, in the air and at sea. <p>Elon Musk"s low orbit satellite company Starlink has launched services in Israel to the general public directly from its Internet site. The SpaceX division will offer Israelis fast Internet at download speeds between 40 and 200 Mbps and upload speeds between 8 and 25 Mbps.</p><p>Starlink is the only company worldwide currently providing high-speed low-latency relatively stable Internet services from anywhere in the world in the most remote and underserved locations on land, in the air and at sea. The company will offer private stationary users a package starting at NIS 230 shekels per month for up to 200 Mbps, and packages that allow internet on the go as well as for businesses at customized prices. The company has inaugurated services in Israel in a manner reminiscent of Tesla: sales are made directly through the website without mediation by an Israeli importer.</p><p>Israeli Internet Service Providers need not worry</p><p>Starlink has not invented satellite Internet. This form of communication has been operating for many years, but it has been done inefficiently using distant satellites orbiting earth at an altitude of 35,000 kilometers. As a result, the data transfer time between users and the satellite - or the latency - is long and can reach up to 600 milliseconds. Therefore, it has difficulty supporting high-volume data transfer such as streaming, gaming or video calls.</p><p>Musk"s satellites cruise at a much lower altitude, about 550 kilometers, and are therefore also called "low-orbit satellites" (LEO), so the latency is lower and reaches, according to the company, about 25 milliseconds. Starlink is the world"s largest low-orbit satellite company in the field of Internet connection, with over 8,000 satellites. Musk"s biggest rival, Amazon"s Project Kuiper, has launched only 54 satellites into space so far.</p><p>Based on Starlink"s prices, Israeli Internet Service Providers (ISPs) need not be worried. Prices are expensive compared with Israeli providers - therefore, most Israeli customers are expected to be heavy users who require online connection on flights, although more and more airlines are offering Starlink connection themselves. Most of the use in Israel is likely to come from the business sector and provide redundancy - that is, the ability to enable connectivity in emergency situations or during power or internet outages.</p><p>Israel"s Ministry of Communications has confirmed that Starlink has begun Israel operations and described this as "important news for authorities, businesses and the public at large. Following the license granted by Communications Minister Dr. Shlomo Karhi to Starlink in 2024, and after completing all the required coordination with the company, Starlink began providing a basic service in Israel today, which includes the establishment of fixed stations for households and public buildings that will enable satellite internet connections. The ministry will continue to work to expand services, including the operation of mobile stations and more."</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1701082351/direct/WhatsApp_Image_2023-11-27_at_12.36.32_zcjnyt.jpg" rel="noopener noreferrer"> Musk in Israel: Repairing the image, promoting business </p> <p> Communications minister says agreement reached on Starlink </p><p>Will Gaza also be connected?</p><p>Karhi and Musk have crossed swords in the past. At the beginning of the war, the Ministry of Communications was in talks with Musk’s Starlink to connect Israeli settlements in the south and north using a satellite connection. Musk then also agreed to connect up Gaza when responding to a tweet by Democratic Congresswoman Alexandria Ocasio-Cortez, in which she wrote that "Cutting off all communications to a population of 2.2 million people (in Gaza) is unacceptable. Journalists, medical personnel, humanitarian aid, and innocent people are all at risk."</p><p>Karhi responded to Musk, writing that Israel would use "all means at its disposal to fight this decision, and that Hamas would use it for terrorist activity." Musk hit back, saying that they were "not that naive," and that "not a single Starlink terminal has attempted to connect from Gaza." He also noted that they would verify that these terminals were only used for purely humanitarian reasons.</p><p>Afterwards, and in the wake of a visit by Musk to Israel during the war, Karhi announced that the two had reached agreements in principle, according to which the only way to operate the terminals is with the approval of Israel"s Ministry of Communications, "including in the Gaza Strip."</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 8, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Elon Musk's Starlink launches Israel Internet services - Globes	查看 5118	Globes	2025-08-08 16:12:00 2025-08-19 09:34:09	word
3251636	有图 <p> The Israeli technology company is establishing a dedicated GenAI & Data division, which will deeply embed AI into Amdocs" DNA. <p>Almost every year Israeli telecom technology company Amdocs (Nasdaq: DOX) implements a round of layoffs and this year is no different. Market sources believe the company is set to lay off hundreds of employees including many in Israel.</p><p>The company, led by CEO Shuky Sheffer, is linking the current move to a transformation process to prepare for the world of AI. Amdocs reported today that it is establishing a dedicated GenAI & Data division, which will deeply embed AI into Amdocs" DNA, positioning it as a global leader in the field.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1717505228/direct/WhatsApp_Image_2024-06-04_at_15.27.39_vqmpbk.jpg" rel="noopener noreferrer"> "Amdocs is the only high-tech co in Sderot" </p><p>Amdocs, which provides solutions for telecom and media companies, notes that the new division will bring together all of its capabilities in the areas of product, engineering, strategy and go-to-market, and will work with the entire organization to implement advanced AI solutions in all activities in the company, to improve performance, accelerate innovation and create added value for customers. The division will be headed by Ilan Sade, who said that the goal is to integrate GenAI capabilities into every product, service and process in the company.</p><p>Preparation for AI will also include a reduction in the number of employees. As of the end of September 2024, Amdocs had 30,695 employees, including 16,500 in the Asia-Pacific region.</p><p>Amdocs said, "Amdocs frequently adapts its activities to the opportunities and challenges in its business environment. As part of a strategic process that we have been working on for the past two years, we recently announced the establishment of a dedicated GenAI & Data division, to lead the field for our customers and integrate innovative technology into the core of the company. This transformation process, aimed at strengthening our leadership in the global IT and telecom market, requires adjustments to our organizational structure and human resources. Therefore, the company is currently examining steps aimed at ensuring its competitive strength and business efficiency, in order to optimally support growth in the new core areas."</p><p>Amdocs share price fell 3.31% yesterday to $86.45, giving a market cap of $9.615 billion. The share price has lost over 6% since the start of 2025.</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 12, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Amdocs to lay off hundreds to adjust to AI - Globes	查看 2866	Globes	2025-08-12 17:20:35 2025-08-19 09:34:09	word
3251635	有图 <p> Agent Rewind was developed with the assistance of Rubrik"s Israel development center. <p>Cybersecurity and AI company Rubrik (NYSE: RBRK) has unveiled Agent Rewind, which was developed with the assistance of its Israel development center. Powered by Predibase AI infrastructure, Agent Rewind will allow organizations to undo mistakes made by agentic AI by providing visibility into agents" actions and enabling enterprises to rewind those changes to applications and data.</p><p>Rubrik has had a strong presence in Israel over the past two years, following its acquisition of Israeli startup Laminar and the subsequent launch of its local site.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1691551524/direct/laminar_if0db3.jpg" rel="noopener noreferrer"> Rubrik buys Israeli data security co Laminar for $250m </p><p>Rubrik Israel VP strategy and security Amit Shaked said, "AI agents are becoming more powerful and independent, but because they operate autonomously, their errors often go undetected until they’ve disrupted critical systems or compromised sensitive data. Agent Rewind will change the game by giving you the full story: what the agent did, why it did it, and a quick and easy way to reverse the impact. AI adoption won’t scale unless organizations can trust it won’t quietly break their business, and Agent Rewind will be the missing piece that brings accountability to agentic AI."</p><p>Agent Rewind offers context-enriched visibility, safe rollback and broad compatibility to integrate seamlessly with a wide range of platforms, APIs, and agent builders.</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 13, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Rubrik launches Agent Rewind to undo AI errors - Globes	查看 1918	Globes	2025-08-13 21:53:30 2025-08-19 09:34:09	word
3251634	无图 <p> The Tel Aviv-based company has developed a platform that scans supplier systems in organizations with long supply chains and can quickly diagnose problems in areas of compliance. <p>UK compliance solutions company Diginex (Nasdaq: DGNX) has announced that it has signed a memorandum of understanding to acquire Israeli cybersecurity company Findings for $305 million. Findings is a small Tel Aviv-based firm with 30 employees, which has raised just $15 million.</p><p>Findings has developed a platform that scans supplier systems in organizations with long supply chains and can quickly diagnose problems in areas of compliance, with various regulations and laws in the field of cybersecurity and sustainability. The company"s executives say that the system is able to shorten the process of managing supply chain risks in large enterprises from several weeks, as is currently performed manually, to just 20 minutes. The platform is sold to information security managers (CISOs) in companies that are required to comply with certain regulations and rules, such as defense companies, government agencies, banks and industrial corporations, to check whether they or their suppliers are in compliance and receive recommendations for required changes.</p><p>Unlike many supply chain risk management companies, Findings has developed a platform that acts as a digital marketplace for many applications in a way that eliminates the need for vetting for many customers. Once a particular application or company is regularly scanned by its system, new partners can quickly connect to it. Findings has established many networks of such suppliers on its platform in various content areas, such as security, aviation, government, critical infrastructure and finance, and can thus quickly recruit additional customers by verticals.</p><p>Competitive market</p><p>Findings has maintained a low profile in Israel, without raising tens of millions of dollars each year, competing for talented employees with high salary offers, and without sending out press releases.</p><p>Diginex specializes in risk analysis in the field of sustainability and financial sustainability. The company allows clients to ensure that they meet the required carbon emission thresholds. Among other things, it helps companies meet the required sustainability, social diversity, inclusion and good governance (ESG) rules to attract relevant investors. Diginex sought a partner in the field of cyber risk management in supply chains and found Findings, which has proven that it can work in a variety of industries and countries.</p><p>Among the Israeli company"s clients and partners are NEC and Mitsui in Japan; Nasdaq and the London Stock Exchange (LSE), the South African Stock Exchange in Johannesburg; the Polish Industry Organization and the Polish government; IBM, and ST Engineering in Singapore.</p><p>Findings is active in a competitive market for software companies in the field of risk management in value chains - that is, companies that require monitoring and securing supplier activity. The company takes a partner platform approach - a system to which suppliers, companies and technology partners such as Amazon, Google and Microsoft can connect to undergo a faster risk management process or share revenue from customers in the field.</p><p>Millions of dollars revenue</p><p>15% of the acquisition amount, about $45.7 million, will be paid to shareholders in cash, and the rest, about $260 million, will be transferred to them in Diginex shares. The large sum will be divided between the company"s two founders - Kobi Freedman and Jonatan Perry, who hold over 50% of the company"s shares, the 30 employees and managers who hold options and shares worth about 10% of the total shares in the company, and the rest will be transferred mostly to the company"s main investor, an Israeli-Japanese venture capital fund called Magenta Venture Partners, which raised most of the capital in Japan from investors such as the giant Mitsui Corporation. Magenta led the company"s $5 million seed round in 2022. Magenta was founded by Giza Fund veteran Ori Israely and Ran Levitzky, together with two Japanese partners, and has raised about $300 million to date. It initially invested in auto-tech investments - in companies such as Valens and Autotalks, and later in companies in cybersecurity, AI and software.</p><p>Findings was founded in 2019 in Modi"in and was initially called IDDRA. The company, which then moved to Itzhak Sadeh Street in Tel Aviv, produces millions of dollars in revenue and is estimated to have surpassed $10 million in annual recurring revenue (ARR) from government agencies, critical infrastructure, national security, finance, manufacturing, and the chip manufacturing sectors.</p><p>One of the company"s founders and CEO is Kobi Friedman, a serial entrepreneur who previously founded Comilion, which raised capital from Shlomo Kramer and Mickey Bodai, which he sold to Dell-EMC, and later sold Consienta to Yael Software. In addition to his role at the company, he serves as a member of the New York State Department of Finances Financial Innovation Advisory Board. The other founder at Findings, Jonatan Perry, has served in several senior positions at fintech companies since 2011.</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 13, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Diginex buys Israeli cybersecurity co Findings for $305m - Globes	查看 5516	Globes	2025-08-13 10:51:00 2025-08-19 09:34:09	word
3251633	有图 <p> The Israeli defense tech company is set to inaugurate its first gaming park in Uganda with a platform based on metaverse glasses. <p>Israeli defense-tech startup Combatica has made a name for itself, since it was founded four years ago, as a leading brand in simulated defense training. At the same time, the security sector has been gaining momentum towards dual use - military and civilian. Recently, Combatica redefined dual use, with the inauguration of its first gaming park, in Busika, Uganda.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1743072810/direct/photo_2025-03-27_11.36.58_b9juje.jpg" rel="noopener noreferrer"> Combatica launches next-gen VR AI training platform </p><p>In the coming months, a park based on a similar model to the Ugandan facility will open in the US, while a park in Europe is scheduled to begin operating in the first quarter of 2026. Such a facility is also due to be built in Israel. The potential in the US is also great because of the scope of weapons, and the need for an available and convenient ability to train and not necessarily at live ranges.</p><p>Combatica is used to train combat units using advanced AI capabilities. About six months ago, the company unveiled its 2.0 version, which includes more than 50 scenarios, seven maps and even modes for activating night vision devices. Since then, the system has advanced to Combatica 2.1, which includes improved analytics and data, and allows fighters to check the duration of the response and obtain details of the locations of the damage on or in the enemy.</p><p>The variety of options presented by the system instead of "dry" exercises in the army, leads to more effective training, with the use of metaverse (virtual reality) glasses, and the ability of the operator to introduce new threats during the exercise. To operate it in the field, only two suitcases are required, which makes it practical and convenient. In recent months, the growing Israeli company"s sales have tripled, both in Israel and abroad.</p><p>Meanwhile, consulting firm Frost & Sullivan recently recognized Combatica as the global market leader for 2025 in the field of tactical training platforms. Frost & Sullivan found that Combatica excels in its ability to adapt strategic initiatives to market needs.</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 14, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Defense training company Combatica opens gaming park - Globes	查看 2633	Globes	2025-08-14 20:55:00 2025-08-19 09:34:09	word
3251632	有图 <p> Arkia will compete with El Al and Thai Airways on the Tel Aviv - Bangkok route and will be the only carrier offering direct Tel Aviv - Hanoi flights. <p>One of the most popular destinations for Israeli tourists is Thailand but only El Al and Thai Airways offer direct flights between Tel Aviv and Bangkok. Now Israeli carrier Arkia is rejoining the fray, with flights starting at the end of November.</p><p>At this stage, Arkia will operate two weekly flights on Mondays and Wednesdays, switching to Mondays and Fridays in January 2026. The flights will be operated on an Airbus 330 aircraft with business class, and return fares will start at $998, including baggage (suitcase in the hold and trolley bag on board) and two meals.</p><p>For comparison, for a departure date in November and a return in early December, the price of a flight on El Al will be $860, but with trolley and meals only. Adding a suitcase, which is almost necessary when flying to long haul destinations, raises fare to $955, according to the company"s website. The price of a direct round trip flight from Tel Aviv to Bangkok on Thai Airways is $1,126, including baggage (suitcase and trolley), according to the company"s website.</p><p>In addition to direct flights, connection flights with one or two stops are available which make fares much cheaper but are less convenient and can take much longer.</p><p>400,000 Israelis visit Thailand each year</p><p>In a launch event for the new route held by Arkia, Thailand"s Ambassador to Israel Boonyarit Vichienpuntu said that more than 400,000 Israelis visited Thailand in 2024, which "makes it the most popular long-haul destination for Israelis after the US."</p><p>Direct flights to Vietnam</p><p>Arkia is also launching flights for the first time between Israel and Vietnam with flights from Tel Aviv to Hanoi on A330 aircraft. Arkia CEO Oz Berlowitz says his company will be the only airline operating direct Israel-Vietnam direct flights.</p><p>From January 2026 Arkia will operate one weekly flight to Vietnam with the frequency rising to two weekly flights in March 2026. Return fares including baggage and two meals begin from $1,398.</p><p>Vietnamese Ambassador to Israel Ly Duc Trung said, "The route will strengthen bilateral relations between Vietnam and Israel in the areas of tourism, trade, business, and people-to-people and cultural exchanges. It comes just in time, as the Vietnam-Israel Free Trade Agreement (VIFTA) came into force in November 2024. Due to it, doing business in Vietnam is easier and more accessible, with high-tech, innovation, and startups at the top of the list of priorities."</p><p>Strategic Expansion</p><p>The new routes to East Asia are part of Arkia"s strategic expansion plan, which began with the launch of a route to New York last January.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1733736887/direct/%D7%9E%D7%98%D7%95%D7%A1%D7%99_%D7%90%D7%A8%D7%A7%D7%99%D7%A2_%D7%A7%D7%A8%D7%93%D7%99%D7%98_%D7%90%D7%A8%D7%A7%D7%99%D7%A2_2_umsw6v.jpg" rel="noopener noreferrer"> Arkia cuts Tel Aviv - New York April fares </p> <p> Wizz Air"s resumption of Israel flights helps cut fares </p> <p> Israelis stranded abroad in June still await compensation </p><p>Berlowitz said, "Hanoi and Bangkok is not just a commercial business move, but another key step in a careful plan, aimed at placing Arkia on a par with the major international airlines." Another goal, he said, is to "establish the company"s status both in the transatlantic arena and in the East Asia arena, which is very popular with Israelis."</p><p>Berlowitz added, "The launch of the route to New York marked the beginning of the road for us - a significant step that allowed us to learn, improve and prepare for a large-scale move like the one we are now launching. After two difficult years of war and dealing with unprecedented crises, Arkia is looking ahead and is working on all fronts: expanding the offer and availability of destinations, upgrading the service experience and creating real competition in Israel"s aviation industry."</p><p>Arkia also announced that the route to Sri Lanka will continue to operate in September and October, as well as from December to February.</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 12, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Arkia to launch flights to Bangkok and Hanoi - Globes	查看 4620	Globes	2025-08-12 22:47:00 2025-08-19 09:34:09	word
3251631	有图 <p> Teddy Sagi"s Layam has opened a 200 square meter duty free store, which offers practically all the tax free goods available at Ben Gurion airport but without the long lines to pay. <p>At a festive ceremony earlier this week, the first-ever duty free store was opened at Haifa airport by Teddy Sagi"s Layam Group. The 200 square meter store will offer practically all the tax free goods available at Ben Gurion airport but without the long lines to pay.</p><p>The reopening of Haifa airport last December was good news for israel"s travel industry and especially resident in the north. If in the past the airport only served aircraft flying out to gas rigs, it is now open to international tourism.</p><p>Data from the Israel Airports Authority showed that 67,694 passengers passed through Haifa airport on international flights in the first half of 2025. June was impacted heavily by the operation in Iran and July, August and the holidays are peak season. An additional 21,953 passengers used the airport for domestic flights.</p><p>The renewal of international tourism from Haifa airport is due to the operations of Air Haifa, a new airline set up by Nir Zuk. Previously the airport had been virtually abandoned for years, except for occasional operations over a short period of time like that of Cypriot airline TUS.</p><p>Air Haifa operates flights to international destinations including Larnaca and Paphos in Cyprus and Athens and Rhodes in Greece as well as domestic flights to Eilat. While Ben Gurion airport is crowded during the peak summer season, passengers at Haifa airport report quick check-in that sometimes takes just 15 minutes.</p><p>Eshet Tours VP Shirley Cohen Orkaby explains, "Haifa airport provides an excellent solution for a very significant region of the country and for the residents of the north. It is a small and efficient airport, the waiting time is short, there is no congestion and you do not have to arrive three hours before the flight. The destinations that can be flown to are very popular among Israelis. I really hope that they will invest in it, so that it will be possible to fly larger planes from it."</p><p>Does the additional airport reduce fares?</p><p>"Globes" checked the Air Haifa website and found there are almost no last-minute tickets left for August, especially for return flights. Starting fares for Cyprus in August start at $298 for a round-trip ticket. For September, with the decline in demand, there are round trip tickets for $198. In Greece, fares between destinations vary. Last minute round trip tickets to Rhodes start at $448, and in September fares drop to $298. For Athens, fares are slightly higher, starting at $478 for last minute tickets compared with $358 in September.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1742900913/direct/3_h8sqmn.jpg" rel="noopener noreferrer"> Air Haifa to launch Rhodes flights </p> <p> Teddy Sagi"s Layam to open duty free store at Haifa airport </p><p>At Ben Gurion airport last minute ticket fares are much higher but in September prices are much more attractive than at Haifa airport because of the much wider choice of destinations.</p><p>A major advantage at Haifa Airport over Ben Gurion Airport is the parking at the airport, which is currently free. Although the airport is not directly connected to a train railway, it can be reached via shuttles from the Lev Hamifratz railway station. For residents of the north, travel costs to Ben Gurion Airport may reach amounts that justify choosing a more expensive flight from Haifa, especially if it saves time and other expenses.</p><p>Air Haifa will remain alone</p><p>Currently, Air Haifa has three ATR 72-600 aircraft. As part of the company"s expansion plan, a fourth aircraft will begin operations in early September, and a fifth aircraft by the end of December. These are aircraft with a relatively small number of about 80 seats, and they were chosen for a reason. Currently, the length of the runway at the airport is too short for large aircraft such as those operated by most airlines - 1,200 meters in total. However, if the runway is extended to 1,500 meters, it would be possible to operate flights from it to nearby destinations and the Greek islands, and if it is extended the runway to 1,900 meters, it will be possible to fly to Europe.</p><p>According to Haifa Municipality, the plan to extend the runway at the airport has not been abandoned. The Israel Airports Authority is also working to extend the runway by 300 meters - but even then, its length will not be sufficient for wide-body aircraft. In order to implement the plan, budgetary investment and a new statutory procedure in the planning committees are required - a process that could take years.</p><p>There is capacity to operate additional flights</p><p>In its current form, the airport has the capacity to operate additional flights, but its limitations in space and infrastructure make it less attractive to many airlines, which will not allow significant competition to exist at the airport. In the foreseeable future, Air Haifa is the only carrier expected to operate flights, and the company plans to expand its fleet of aircraft and add additional destinations in the East Mediterranean region.</p><p>In the past, the airport has already proven its importance. During and after the Iran operation, the splitting of flights between two airports, including rescue operations in which Air Haifa also participated, contributed to the operational capacity of the aviation system in an emergency situation.</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 14, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Duty free store opens as Haifa airport tries to take off - Globes	查看 5925	Globes	2025-08-14 15:45:48 2025-08-19 09:34:09	word
3251630	有图 <p> In Ryanair"s continued absence from Israel, the Hungarian low-cost airline has announced flights to Venice and Thessaloniki. <p>Hungarian low-cost airline Wizz Air has announced two new destinations from Israel: Venice and Thessaloniki. The Venice route will begin operating on December 1 with two flights weekly. The return fare will be $265. The Thessaloniki route will open on October 28, with three flights weekly. The return fare will be $187. The new routes are in addition to Wizz Air’s existing destinations in Italy (Rome, Naples, Milan) and Greece (Athens, Crete, and Rhodes).</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1754231992/direct/shutterstock_2208009139_ebfc90.png" rel="noopener noreferrer"> Wizz Air"s resumption of Israel flights helps cut fares </p> <p> Regev set to decide on Wizz Air Israel hub </p> <p> Ryanair CEO "losing patience" on Israel security disruptions </p><p>At present, Aegean Airlines and TUS Airways fly from Israel to Thessaloniki, while only El Al flies to Venice. Before Ryanair cancelled operations in Israel, it flew to both places. Ryanair is not expected to return to Israel until the end of October, and has thus foregone the summer vacation season. That generally raises the chances of cancellations being extended to the less profitable winter season as well.</p><p>Wizz Air’s decision and its choice of these new routes may indicate that it is pinning hopes on Ryanair not returning to Israel. If it does do so as planned, then there will be welcome competition that should lead to lower fares to these two destinations.</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 14, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Wizz Air poaches two Ryanair routes - Globes	查看 1983	Globes	2025-08-15 01:02:00 2025-08-19 09:34:09	word
3251629	有图 <p> "Defense Blog" reports, "The appearance of the aircraft in Wakayama Prefecture comes amid growing interest from the Japan Ground Self-Defense Force in large reconnaissance and attack UAVs." <p>Israel Aerospace Industries (IAI) Heron Mark II unmanned aerial vehicle has been seen at Shirahama airport in Japan undergoing trials conducted by Kawasaki Heavy Industries, "Defense Blog" website reports.</p><p>"The Heron MK II is an advanced medium-altitude, long-endurance UAV developed by Israel Aerospace Industries (IAI). It is designed for intelligence, surveillance, target acquisition, and reconnaissance (ISTAR) missions, as well as electronic warfare roles when equipped with the appropriate payloads," the article says.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1641387357/direct/%D7%94%D7%A8%D7%9E%D7%A1_900_%D7%A6%D7%91%D7%90_%D7%91%D7%A8%D7%96%D7%99%D7%9C_2_kphlfs.jpg" rel="noopener noreferrer"> The Israeli weapons controlling Iranian skies </p> <p> Germany wants Israeli UAVs to thwart Russian strikes </p> <p> IAI agrees $500m missile defense systems deal with Morocco </p><p>The Japanese interest in the drone comes despite Israel"s declining international image, due to the fighting in the Gaza Strip. Japan may well have been impressed by the performance of Israeli drones, and the Heron in particular, during Israel"s operation in Iran.</p><p>"Defense Blog" reports, "The appearance of the aircraft in Wakayama Prefecture comes amid growing interest from the Japan Ground Self-Defense Force (JGSDF) in large reconnaissance and attack UAVs. Japan is currently evaluating the Heron MK II alongside the Turkish-made Bayraktar TB2 as part of a wider study into expanding its unmanned aerial capabilities."</p><p>The website also reported, "Images shared on X by defense watcher Shiki Kuroha show the UAV, registered as 4X-NBB, fitted with electronic surveillance equipment. Under each wing, the aircraft carries electronic support measures (ESM) antennas for electronic reconnaissance."</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 10, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Japan testing Israel Aerospace's Heron UAV - report - Globes	查看 2411	Globes	2025-08-10 21:32:58 2025-08-19 09:34:09	word
3251628	无图 <p> Ministry of Defense director general Gen. (res.) Amir Baram has signed orders for airborne munitions for the Israel Defense Forces. <p>Ministry of Defense director general Gen. (res.) Amir Baram has signed orders with Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) worth about $260 million for airborne munitions for the Israel Defense Forces. Production of the munitions will be undertaken by Elbit"s plants around Israel, which have been operating with extra staff since the start of the war, according to the requirements of the Ministry of Defense.</p><p>These deals are a main element of the Ministry of Defense"s policy to expand the Israeli defense production base, as part of the lessons of the war and to fully support all the needs of the IDF both in the current campaign and in the future.</p><p>For Elbit, this is reassuring news, a day after the partial German embargo on arms exports to Israel and other developments focused on expectations about the Trump-Putin summit in Alaska, and hopes of a ceasefire in Ukraine. All this saw Elbit"s share price fall 5.8% yesterday on the TASE, following a sharp fall on Wall Steeet on Friday.</p><p>Just two weeks ago, Elbit won a contract worth $260 million to supply DIRCM self-protection systems for Germany"s A400M aircraft fleet. The contract was signed with Airbus Defence and Space and as part of it Elbit will supply self-defense systems against infrared guided missiles (DIRCM) for installation on the German Air Force’s A400M transport aircraft. The contract will be delivered over six years, and Elbit notes in its announcement that it follows the procurement decision by the Federal Office for Equipment, Information Technology and Operations of the Bundeswehr (BAAINBw).</p><p>Elbit Systems president and CEO Bezhalel Machlis said, "We continue supporting the Israel Ministry of Defense with advanced solutions that enhance the operational readiness of the Israel Defense Forces. These new contracts underscore our commitment to delivering cutting-edge technologies that meet the evolving needs of Israel’s defense forces. These newly developed products join Elbit Systems" growing portfolio of cutting-edge solutions, and I believe they will attract interest from armies around the world, given their relevance to emerging operational needs."</p><p>Baram said, "The important partnership between the Ministry of Defense, the IDF, and the defense industries constitutes a significant force multiplier in the force-building processes and ensures the ability to self-supply in a challenging period. We must look ahead, increase production rates, and accelerate the development of the next generations of combat systems in order to ensure the IDF"s qualitative-strategic advantage in the region."</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 11, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Elbit wins $260m IDF airborne munitions deal - Globes	查看 3031	Globes	2025-08-11 19:27:00 2025-08-19 09:34:09	word

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