Bank of Israel spikes Wertheim succession at Mizrahi Tefahot
The Bank of Israel is not granting a bank control permit to Mozi Wertheim’s children David and Drorit. The Bank of Israel is not granting a control permit to the children of Moshe (Mozi) More...
BioLight and Integra Join in XL Vision Treating Eye Diseases
BioLight and Integra will invest one million dollars in a new firm which will develop drugs for the treatment of eye diseases. Together they will own a 40% stake in X.L. Vision. Technology, designed to improve More...
Idan Ofer’s Israel Corporation Approves Spin-Off of Kenon
Kenon Holdings announced that the shareholders of Idan Ofer’s Israel Corporation Ltd., its board of directors and two committees of the board, have approved the spin-off of Kenon to Israel Corporation More...
Israel’s Formula Systems to Pay Out $8 Million in Dividends
Israel’s Formula Systems, a provider of software consulting services, computer-based business solutions and proprietary software products, announced that its Board of Directors has declared a cash dividend More...
Africa Israel Expects to Lose Money In Russia Due to Ruble’s Fall
Africa Israel Investment is concerned that the collapse of the Russian Ruble will cost the company dearly. This according to a statement that it presented to the Tel Aviv Stock Exchange last week. The firm has More...
Shefa Yamim drilling finds potential for precious stones
– A drilling test near Haifa revealed corundum, sapphire, rubies, and moissanite. – Shefa Yamim Ltd. (TASE: SEFA) today published the findings from the second stage of its drilling plan in More...
Kushner family withdraws from Phoenix acquisition
– The Kushner family was unable to agree on terms with Delek Group. “Since the Kushner group was unable to reach agreement with Delek Group Ltd. (TASE: DLEKG) on the binding terms for acquiring More...
Bronfman Group Sells Off Final Discount Bank Stake
The Bronfman Group has sold off its final holdings in Israel Discount Bank (TASE: DSCT). Sources inform “Globes” that last night the remaining 4.5% stake in the bank held by Matthew Bronfman worth More...
Israeli Startup N-Trig Pursuing Original Investors, Killing IPO Plans
Israeli Startup N-Trig which produces digital pens and chips for touchscreens, has announced that it will not be pursuing an IPO ion the Tel Aviv Stock Exchange after all, according to a report in the Hebrew More...
Russian woes send Africa-Israel tumbling
– The company’s share price is at a historic low, and yields on its bonds are at junk level. – The share price of Africa-Israel Investments Ltd. (TASE:AFIL), controlled by Lev Leviev, More...