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3230020	有图 <p> Luxury apartments on Tel Aviv"s Hayarkon Street are fetching over NIS 150,000 per square meter, with one factor propelling prices upwards. <p>A two-room apartment on the seventh floor of the Madarin Oriental project at 2 Hayarkon Street in Tel Aviv (opposite the former dolphinarium) was sold in April for NIS 9.79 million, according to the Israel Tax Authority website. The deal, for a 79 square meter apartment, works out at NIS 123,924 per square meter.</p><p>At 7 Hayarkon Street, according to the Madlan website, an apartment was sold in February for NIS 6.67 million. This deal, for a 53 square meter apartment, gives a price per square meter of NIS 125,759. In October 2024, another apartment in the Mandarin Oriental project sold for NIS 13.38 million, or NIS 132,475 per square meter.</p><p>These are just three examples. At a time when the real estate industry, certainly in Tel Aviv, is mainly asking itself what prices apartments in the new neighborhood by the sea on the site of what was Sde Dov Airport in north Tel Aviv will fetch, there’s an area that is also on the first line from the sea where the numbers would have seemed absurd in the not too distant past.</p><p>"The average for deals on Hayarkon Street in the past year has surpassed NIS 130,000," says real estate appraiser and lawyer Ran Wiernik, a former chairperson of the Real Estate Appraisers Association. "If you try to compare this area with Sde Dov, you realize that it’s simply not the same product. Hayarkon is much more central than Sde Dov, the sea is within walking distance along the entire street, the Carmel market is close by, the city center is close by. The supply there is also different. At any given moment there is usually just one project selling new apartments, and it’s a seller’s market. You could say that it’s almost a monopoly. Comparing today’s prices, Hayarkon is 60% dearer."</p><p>"There are projects at NIS 150,000"</p><p>"There are also projects on this street for which average prices are over NIS 150,000 per square meter," adds Oren Katz, a realtor who specializes in the luxury end of the market, with an emphasis on Tel Aviv. "The Mandarin Oriental project, for example, where incidentally all the apartments have been sold. The Herbert Samuel 6-8 luxury towers fetch these prices, but smaller projects can also offer the extras that attract the luxury buyers. Only very high-end projects can reach such prices - those that incorporate a hotel, with a swimming pool, on the sea front. Old, less sophisticated buildings on the street are priced in the range of NIS 70,000 to NIS 80,000 per square meter."</p><p>Yehuda Avron, a realtor who also works in the luxury market, says that these prices are characteristic of the whole coastal strip. "At Jaffa Port too, you can see prices of NIS 100,000 per square meter and more, and in Herzliya Pituah as well of course. It depends on the project, the property, the degree of luxury they offer. Prices can start at NIS 15 million, and reach NIS 100 million or more. Rents on Hayarkon Street, on the sea front, reach as much as NIS 60,000 monthly. Hayarkon Street is very much in demand these days, and prices are to suit. There aren’t many bargains, and so the pricing reaches these levels."</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1749040186/direct/%D7%A4%D7%A8%D7%95%D7%99%D7%A7%D7%98_VOGUE_%D7%A9%D7%9C_%D7%92%D7%99%D7%A0%D7%93%D7%99_%D7%91%D7%A9%D7%93%D7%94_%D7%93%D7%91_%D7%94%D7%93%D7%9E%D7%99%D7%94_viewpoint_guj1ec.jpg" rel="noopener noreferrer"> Gindi undercuts rivals with much lower Sde Dov prices </p> <p> Sde Dov land prices down over 40% </p> <p> Could UK tax policy drive aliyah? </p> <p> Why haven"t Israeli home prices plunged? </p><p>"Diplomats’ families and overseas residents"</p><p>"These prices reflect the market," says Katz. "This is what happens when there are no reserves of land, when everything has been built, when there isn’t much supply. When I sell apartments at prices like these, I too raise an eyebrow, but that’s what the market decides. I don’t know if we’ll reach NIS 200,000 per square meter, but in my view it will at least stay at current levels, because of one factor: overseas residents. Many of them have come to look at apartments in the area recently, mainly from Britain, incidentally, partly because of antisemitism, but also because of heavier taxation there.</p><p>"British Jews who aren’t scared of the situation in Israel, who find it hard with the rising tide of antisemitism and high taxation in the UK, are deciding to come here, and Hayarkon is one of their preferred locations. They’re looking for the city of Tel Aviv. Overseas residents are changing the rules of the game, and that’s how prices have got to where they are."</p><p>"Overseas residents and diplomats’ families are the main factors generating the demand on Hayarkon Street," adds Avron. "There has been very intense activity by foreign residents recently. The situation in Israel may not be good, but when it isn’t good here, for Jews overseas it’s even harder. Antisemitism is on the rise, and they’re looking for a refuge."</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 22, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> The Tel Aviv street 60% dearer than Sde Dov - Globes	查看 5553	Globes	2025-07-22 23:02:00 2025-08-04 05:48:42	word
3230019	有图 <p> In response to the tech giant"s request for information to buy a plot of land for a new campus, the Israel Land Authority (ILA) has proposed a range of options. <p>In response to Nvidia"s request for information (RFI) to buy a plot of land, the Israel Land Authority (ILA) has in a major move offered the US tech giant, 14 sites that would be suitable for the company to build its R&D campus, sources close to the matter have told "Globes."</p><p>Nvidia said in the announcement it made at the beginning of this month that it is seeking land in northern Israel between 70 and 120 dunams in area (17.5-30 acres), with construction rights to build 80,000-180,000 square meters. This is a huge construction project, reflecting the largest-ever in Israel"s tech industry, as well as for the authorities in the region.</p><p>ILA has offered Nvidia a range of options for suitable land, in the region in which Nvidia defined its search area - between Zikhron Yaakov, Migdal HaEmek, Kiryat Ata and Haifa. "Globes" has learned that among the authorities within whose jurisdiction the land is being offered are Akko, Yokneam, Nof HaGalil, Afula and the Megiddo Regional Council. It can be assumed that these are sites in existing industrial zones, including the Mevo Carmel Industrial Zone (Megiddo), the Zipporit Industrial Park (Nof HaGalil), Ofer Park in Yokneam and the industrial zone in Afula.</p><p>The preferred location, according to experts, due to its high suitability for Nvidia"s requirements, is the Mevo Carmel Park, which is very close to the company"s Israel headquarters in Yokneam, near Road 6. It has large land reserves, low taxation, and, in its planned expansion, proximity to a high-voltage line and a private power plant.</p><p>According to industry sources, signs indicate that Nvidia may be exploring the option of purchasing land at several sites and not just one.</p><p>Tender exempt land</p><p>The various sites being offered by the ILA to Nvidia for building its R&D campus will be exempt from a tender process. This is a procedure that the ILA regularly carries, which in practice it means a significant benefit for Nvidia, certainly when it comes to land of the size that the tech giant is looking for. This benefit will be one of many that the company will receive in order to build the new center.</p><p>Providing land exempt from a tender, (which is usually granted in national priority areas), eliminates the need for Nvidia to compete with others for the land it wants to buy. The price of the land is set in advance, according to certain criteria, and not according to the highest bid, as is the case in regular public tenders, which result in final bids that are higher than the original land value. So in most cases, exemption from a tender means a significantly lower price.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1736945612/direct/IMG-20250115-WA0006_bjipla.jpg" rel="noopener noreferrer"> Mevo Carmel in pole position to house Nvidia Israel campus </p> <p> Nvidia embarks on huge investment in Israel </p> <p> In Israel, Intel fires while Nvidia hires </p><p>For example, take a tender for 3.9 dunam of land in the industrial area of Nof HaGalil (an industrial area within the city, not the Zipporit Industrial Park), which closed in March 2025. 11 bids were submitted for the land, and it was successfully marketed for NIS 8.8 million, compared with the assessment of NIS 3.9 million - more than double.</p><p>The very fact that Nvidia is looking for a new location in the northern region, where many locations are defined as national priority areas, will earn it a very large discount. In National Priority Area B, which is included in the search area, Nvidia will pay only 51% of the land value but only for the expansion of the center. When building a new center, it will have to pay full lease fees.</p><p>Either way, these benefits could easily ensure that the cost of purchasing the land will amount to NIS 400 million at most, according to estimates.</p><p>There is another major incentive that Nvidia can benefit from, within the framework of the Law for Encouragement of Capital Investments: a company that is defined as a preferred company - especially if its operations are in the periphery - can benefit from a reduced corporate tax, which will be 16% instead of 23%, and in Development Zone A, which is actually a national priority zone, it will benefit from a tax of only 7.5%. However, a Globes investigation finds that Nvidia could benefit from an even more significant benefit: if it meets the criteria for recognition as a "specially preferred technology enterprise", corporate tax could drop to 5%.</p><p>It seems Nvidia does meet the main criteria for recognition as a preferred technology enterprise. One criterion is annual consolidated revenue higher than NIS 10 billion (Nvidia"s revenue in the first quarter of 2025 was $44.1 billion). Salaries of 20% of the company"s employees must be classified as R&D expenses, or the plant must employ at least 200 R&D employees. Since the company"s new site is for a development center, it will easily be able to meet this criterion too.</p><p>The local authorities are waiting in line</p><p>Many local authorities are competing to house Nvidia"s new campus. Nvidia Israel senior country director Nati Amsterdam said days after the RFI was published that the company had received inquiries from heads of authorities "from Dan to Eilat." Globes has learned that the Sagi 2000 industrial zone in the Jezreel Valley and Tziporit near Nof HaGalil, as well as the Afula Municipality, have also submitted documents to Nvidia. Migdal HaEmek Municipality was quick to say that Mayor Yaki Ben Chaim had already begun talks with representatives of the company.</p><p>Even further north, in areas beyond Nvidia"s search area, efforts are being made to attract the company. Safed Mayor Yossi Kakon sent a letter to Prime Minister Benjamin Netanyahu asking him to work to bring Nvidia"s campus to the city. Eighteen heads of authorities in the Eastern Galilee cluster announced that they were working together to attract the company to the Tzahar industrial zone near Rosh Pina and Hatzor HaGlilit. Head of the Mate Asher regional council and chairman of the Forum of Conflict Line Settlements, Moshe Davidovich, said that bringing Nvidia to the conflict line area would be "more important than anything else that has been here in the past decade and will be here in the next 20 years."</p><p>The very idea of housing Nvidia in a particular city or region incentivizes the authority to offer the tech giant sweeping benefits. Such benefits can include a large discount on local authority taxes (arnona), bureaucratic relief to shorten processes for the company, assistance in establishing necessary infrastructure, and even financial grants according to the authority"s capabilities. For example, in the past, the Afula Municipality offered a 50% discount on local taxes for three years, to tech companies that would move their headquarters there.</p><p>From the outside, this is a huge package of benefits for the company, which could reflect savings of billions of shekels. The benefit to the Israeli economy from the establishment of the new center may be even greater.</p><p>Nvidia currently has about 5,000 employees in five development centers in Israel. Construction of the new, particularly large center, could boost the number of company employees to about 10,000 by the end of the decade, making it one of the largest employers in Israel"s tech sector - a huge boost for the area where the new campus is built as well as the entire Israeli economy.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 23, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> ILA offers Nvidia 14 sites for new R&D campus - Globes	查看 8075	Globes	2025-07-24 01:32:03 2025-08-04 05:48:42	word
3230018	有图 <p> Data from two indices that track Israel"s real estate market found Tel Aviv and other central cities were buyers" markets, while peripheral cities were sellers" markets. <p>Areas of demand have become areas of supply, and homebuyers now have a good opportunity to get a bargain when purchasing homes, especially new apartments, in and around Tel Aviv - this is shown by two indices that attempt to track the state of the market.</p><p>The first index is based on data from Yad2"s online bulletin board, and refers to the ratio between the number of ads for home sales and the number of online views of them. The second index has been developed by "Globes," and examines the supply of new homes against their monthly sales rate.</p><p>The Yad2 index is being published ahead of its large "Nadlan Nation" housing fair, which will be held at Expo Tel Aviv this weekend, and will bring together, according to the organizers, "Hundreds of projects from all over the country, with discounts that can reach NIS 500,000 per apartment," with supporting professional advice.</p><p>The indices: Every city was measured by two segments</p><p>The index called by Yad2 the "market heat index," is based on the ratio between supply and demand in numbers ranging from 0 and up. The higher the value, the more interest there is on average for each listing for sale. Higher numbers mean the market is more in favor of sellers, with high demand relative to the existing supply. A low number shows the reverse situation, with fewer buyers interested in available homes. This can result from both low demand and high supply, but regardless it is a "buyer"s market."</p><p>Because the heat index is primarily focused on second-hand apartments, there are sometimes contradictions between it and the Central Bureau of Statistics apartment supply data, but these can be explained: there are cities like Beer Yaakov, Kiryat Ono, Kiryat Bialik, Sderot, Netivot and Ofakim where new construction has completely taken over the market and second-hand apartment deals are few.</p><p>On the other hand, in cities like Kfar Saba, Holon, Hadera and Haifa, the bulk of the market comprises second-hand apartments, because there is relatively little new construction there.</p><p>When the heat index is particularly high - 70 or higher, it means that demand far exceeds supply. The places that characterize this situation are mainly haredi cities like Beitar Illit, Modi"in Illit and Beit Shemesh, and peripheral cities like Yokneam, Netivot, Sderot and Kiryat Yam.</p><p>In Netivot and Sderot, many deals are by young couples purchasing new apartments, especially as part of government subsidized programs. Consequently those looking for second-hand apartments or apartments at market prices have difficulty finding them.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1727080667/direct/WhatsApp_Image_2024-09-23_at_10.45.26_dhuxbf.jpg" rel="noopener noreferrer"> Why haven"t Israeli home prices plunged? </p> <p> Inflation again rising, but home prices continue to fall </p> <p> Leumi mortgages chief: Foreigners" home purchases back to peak </p><p>A strong seller"s market is one that receives a score of 55-69 on the heat index. Yad2 notes that in such a market, a more moderate excess demand can be seen than in a "very strong seller"s market." Examples of this can be seen in cities like Afula, Hadera, Kiryat Motzkin, Dimona, Kiryat Gat and Petah Tikva.</p><p>A neutral market is one that receives a score of 44-55 and includes cities such as Kiryat Malachi, Beer Yaakov, Rishon LeZion, Rosh Ha"ayin, Rehovot, Ashdod, Netanya, Beersheva, Harish and Kiryat Ono, where supply of apartments matches demand.</p><p>The data is more interesting from the buyers" perspective when it comes to cities with scores of 28-44. Yad2 describes these as a "strong buyers" market," because of the large supply in relation to demand. In this category are cities such as Holon, Ramat Gan, Givatayim, Kfar Saba, Bat Yam, Or Akiva, Kfar Yona, Herzliya, Caesarea and Ra"anana.</p><p>The final category is "very strong buyers" market," with a score of 27 and below. In this category are cities like Tel Aviv, Hod Hasharon and Ramat Hasharon, where there are a large number of apartments for sale (second-hand and new), but few buyers or those interested.</p><p>Second-hand: The "expensive" cities are hit harder</p><p>The index"s findings are very interesting. "The prolonged war is affecting almost every aspect of the housing market from high interest rates, to the shortage of construction workers, to the growing concern among buyers, especially in expensive areas that were hit harder by the war. The result is a non-homogeneous market, in which there are clear gaps between areas with excess supply and those with excess demand," says Yad2 CMO Ayelet Nitsan.</p><p>Nitsan says, "Yad2"s "heat index" data illustrates the trend: in cities like Tel Aviv, Ramat Hasharon and Hod Hasharon, which are among the most expensive in Israel, a very strong buyers" market can be seen, meaning there are many apartments for sale but less demand.</p><p>"A similar phenomenon is also seen in cities like Raanana, Herzliya, Ramat Gan and Kfar Saba. It is precisely in these areas, where the prevailing feeling is that "prices are too high," that the greatest opportunities for negotiations, discounts and benefits from developers arise."</p><p>"At the same time, there are cities in the periphery or the periphery of the center where there is still excess demand - such as Petah Tikva, Kiryat Gat, Hadera and Dimona - and haredi and cities with very young populations like Modi"in Illit and Beitar Illit, where the heat indices are particularly high.</p><p>"Once you understand what"s out there and know where to look, you can come up with particularly lucrative deals."</p><p>New apartments: Cities where it will take four years to sell inventory</p><p>While the focus of Yad2"s heat index is mainly second-hand apartments, "Globes" examined another index based on data from the Central Bureau of Statistics and the Israel Tax Authority to examine market sentiment for new homes.</p><p>This index is based on the ratio between the existing supply of new apartments and the monthly rate of sales of new apartments in the last six months.</p><p>The resulting ratio is the theoretical number of months that it will take to sell the existing inventory of apartments. The bigger the number means the market is a "buyer"s market." The supply of new homes in Tel Aviv reached 10,140 at the end of May, according to the Central Bureau of Statistics, while the monthly sales rate of new apartments in the city reached 201. According to "Globes" index, this large inventory is enough for 50 months of sales.</p><p>This is an unbearable situation for developers, and a situation in which homebuyers can bargain with both developers and homeowners. Tel Aviv is "marked" by both indices as the most convenient city for buyers, and consequently apartment prices in the Tel Aviv district have recorded a cumulative decline of almost 3% in the last three price indices.</p><p>Ramat Gan is also marked by the Yad2 index and "Globes" index as a strong buyer"s market, with a stock of new 3,477 apartments of 3,477 should take 48 months to sell. Bat Yam ranks stronger in the "Globes" index than the Yad2 heat index, in terms of the buyers" ability to bargain, on the purchase of a new home.</p><p>Rehovot came top of the "Globes" index, with an inventory of 1,289 new apartments for sale, which according to the rate of sales of new apartments in the city, should take 52 months to sell. In the heat index, Rehovot had a neutral rating, because potential apartment buyers prefer second-hand apartments. But in Rehovot buyers are in a strong situation when bargaining with real estate developers for new homes.</p><p>However, even in cities that came in low in the "Globes" ranking - Rishon LeZion, Hadera, Herzliya and Ashdod - it seems that buyers can bargain with developers in purchasing an apartment, since ultimately developers do not want to wait too long before selling their inventory.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 23, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Sellers outnumber buyers for Tel Aviv homes - Globes	查看 8520	Globes	2025-07-23 20:36:00 2025-08-04 05:48:42	word
3230017	有图 <p> "Globes" examines five exclusive neighborhoods in Israel to see how the existence or absence of a protected room is reflected in prices. <p>In April 2025 a very special apartment was sold in Jerusalem. The 296 square meter, ground floor, five-room apartment in the Nahlaot neighborhood was sold for NIS 16.15 million, even though it has no protected room. The price clearly illustrates the high demand for apartments in the prestigious central Jerusalem neighborhood, which has its own historic character. However, despite the many special features of the neighborhood, it has a notable disadvantage - it is old, and so many of its buildings do not have protected rooms.</p><p>This drawback is not unique to Nahlaot. In many cities in Israel, especially in areas of high-demand, there are quite a few high-end neighborhoods with buildings that were constructed decades ago without protected rooms, which are still considered highly desirable and prestigious. So while on the one hand, the value of such high-end real estate is skyrocketing, on the other hand, the apartments lack a basic element of security.</p><p>"Globes" looks at five such neighborhoods, using data from the Madlan real estate website, citing the median construction year - the year in which 50% of the apartments in each neighborhood had already been built.</p><p>According to the Civil Defense Regulations introduced in 1992, every new building that is constructed is required to include either a protected room for each apartment, or a shared protected space for each floor, and an institutional protected space for public, office and commercial buildings. This means that buildings put up before 1992, and which have not added additional construction of a protected room, do not include a protected space within the building. However, many pre-1992 buildings offer underground shelters, beneath or adjacent to the building. The median construction year indicated whether most of the buildings in a neighborhood are old and do not include a protected space within the building.</p><p>Following the recent war with Iran, which clearly demonstrated the shortfalls in protection in old residential projects in Israel, the question arises, if the shortage of protected rooms in such neighborhoods will lead to a fall in demand for them?</p><p>Madlan CEO Tal Kopel believes it won"t. He says, "Although the importance of protected rooms has been on the rise recently, we believe that their absence will not harm demand for these neighborhoods. The biggest attraction of these neighborhoods is the population that lives in them and the communities that have been created as a result. More than any constraint of one kind or another, Israelis like to live with people similar to themselves, in addition to the advantages that made these neighborhoods attractive in the first place, first and foremost its location. So, we believe the absence of protected rooms will not harm their popularity. On the other hand, it may accelerate their renewal."</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1620901985/direct/%D7%99%D7%A9%D7%A8%D7%90%D7%9C_%D7%93%D7%95%D7%93_%D7%9E%D7%9E%D7%9C%D7%90_%D7%9E%D7%A7%D7%95%D7%9D_%D7%99%D7%95%D7%A8_%D7%90%D7%99%D7%92%D7%95%D7%93_%D7%94%D7%9E%D7%94%D7%A0%D7%93%D7%A1%D7%99%D7%9D_%D7%9C%D7%91%D7%A0%D7%99%D7%94_%D7%95%D7%AA%D7%A9%D7%AA%D7%99%D7%95%D7%AA_%D7%A7%D7%A8%D7%93%D7%99%D7%98_%D7%99%D7%97%D7%A6_rblc30.jpg" rel="noopener noreferrer"> "After 33 years it"s time to rethink protected rooms" </p> <p> Why haven"t Israeli home prices plunged? </p> <p> Construction costs in Tel Aviv double those in periphery </p> <p> Foreign residents dominate Jerusalem city center housing market </p><p>Real estate appraiser Saar Peled, who has been working in the Sharon region for many years, with an emphasis on Herzliya, observes that adding a protected room to an existing apartment represents a double increase in value: "Firstly, adding a protected room increases the size of the apartment, and through this alone it increases the value, certainly in high-end neighborhoods. Secondly, there is a general effect on the apartment. Today, projects with a protected room are undoubtedly more sought after, even in high-end neighborhoods. Estimates are that a protected room adds between 5% and 10% to the value of the apartment, and in terms of high-end neighborhoods, this is an addition of hundreds of thousands of shekels, while the cost of building a protected room is the same for every neighborhood, everywhere. This is a very significant improvement in value."</p><p>Neve Avivim, Tel Aviv: Dozens of projects in the pipeline</p><p>Median construction date: 1970</p><p>Area: 776 dunams (194 acres)</p><p>Population: About 13,000</p><p>Neve Avivim is in North Tel Aviv, north of Einstein Street, south of Keren Kayemet Boulevard, east of Derekh Namir and west of Haim Levanon Street. Most of the buildings in the neighborhood was built in the 1960s and 1970s. In Neve Avivim dozens of TAMA 38 earthquake strengthening projects are currently being promoted as well as some urban renewal (demolition and reconstruction) projects.</p><p>The price of apartments in the neighborhood five years ago were an average of NIS 4.187 million, according to Madlan, while today the average apartment sells for NIS 5.431 million - a rise of 30%. The average price per square meter is NIS 49,200 and the most expensive sale of an apartment in the neighborhood has been NIS 13.5 million, for a 151 square meter ground floor, four room apartment built last year, thus including a protected room.</p><p>A 98 square meter, four-room, first floor apartment was sold in May 2025 for NIS 4.95 million in a building constructed in 1970.</p><p>Rehavia, Jerusalem: The average price has fallen</p><p>Median construction date: 1960</p><p>Area: 124 dunams (31 acres)</p><p>Population: About 8,000</p><p>Rehavia is one of Jerusalem"s most exclusive and in-demand neighborhoods, among other things because it houses many important national institutions like the prime minister"s residence, and the president"s residence. The neighborhood was built in the first half of the twentieth century and most of the buildings are decades old.</p><p>Rehavia is the only one of the five neighborhoods examined here where the average price has fallen over the past five years due to the uncertainty on the future of the church-owned land, much of which is located in the neighborhood. This uncertainty has led to price declines in the neighborhood for years. According to Madlan, five years ago the average apartment price in the neighborhood was about NIS 3.1 million shekels, today it is NIS 2.956 million - a 4% decrease.</p><p>The average price per square meter in the neighborhood is NIS 49,500, and the highest deal reported this year, in January 2025, was NIS 7.8 million for a 138 square meter four-room apartment built in 1993, with a protected room.</p><p>A master plan for the Rehavia neighborhood, which came into effect in 2014, is currently being implemented. It also includes parts of the Kiryat Shmuel, Talbiya and Shaarei Hesed neighborhoods, covering an area of 650 dunams (162.5 acres). The plan gives new construction rights and additions to 300 of the 650 housing units in the neighborhood, which will also allow for additional protected rooms. The plan also designates about 150 buildings for preservation.</p><p>Veteran Jerusalem RE/MAX agent Alyssa Friedland says: "People don"t choose a neighborhood based on the number of protected rooms it has. They choose a neighborhood because of its community, because of its education, because of its synagogues. Otherwise new neighborhoods would be more in demand, because all the homes have protected rooms. But that"s not the consideration guiding buyers."</p><p>Nahlaot, Jerusalem: NIS 16 million for a home without a protected room</p><p>Median construction date: 1955</p><p>Area: 200 dunams (50 acres)</p><p>Population: About 12,000</p><p>Nahlaot is one of the best known neighborhoods in the capital, and in all of Israel, built as part of the process of Jerusalem residents moving outside the Old City walls. It extends over the area between Jaffa Street to the north and Bezalel Street to the south. The first houses in the neighborhood were built in the late 19th century, and the area is characterized by low-rise homes, built of the famous Jerusalem stone, and of course most of them without a protected room.</p><p>According to Madlan, apartment prices in the neighborhood have risen 46% in the last five years, and the average price per square meter NIS 45,300.The most expensive apartment sold this year was for NIS 16.15 million, which as it was built in 1960 does not have a protected room. The Jerusalem Municipality drafted a detailed master plan for the south of the Nahlaot neighborhood, which was approved in 2016. The plan includes an addition of 470 apartments to the existing 960, and aims to balance development while preserving the neighborhood"s character and values.</p><p>Friedland observes that today, even in Jerusalem"s high-end neighborhoods, buyers are primarily interested in the protection available in the apartment. "One of the first things people ask is whether there is a protected room," she says, "even when it comes to apartments worth more than NIS 10 million, and even when the buyers are foreign residents. The protected room is now the most important thing. "There"s an apartment that I"ve been renting out for years, and I easily rent it from one tenant to another and now for three months I haven"t been able to find a tenant, because there"s no protected room, and the nearest shelter isn"t in the building, but a few minutes away."</p><p>Lamed neighborhood, Tel Aviv: No plan for Rova 1</p><p>Median construction date: 1970</p><p>Area: 837 dunams (209.5 acres)</p><p>Population: About 10,000</p><p>The Lamed neighborhood is considered one of the most community and family orientated in Tel Aviv and is at the northernmost extreme of the city. It is east of the currently under construction Sde Dov, west of Ramat Aviv A and Derech Namir, south of the New Ramat Aviv and Nofei Yam neighborhoods, and north of the Kochav Hatzafon neighborhood.</p><p>Construction began a little later than the first homes in the Neve Avivim neighborhood, but it was also built mainly in the 1970s. The average price for an apartment in the neighborhood five years ago, according to Madlan, was NIS 3.743 million, and is today NIS 4.381, up 17%. The average price per square meter in the neighborhood is NIS 48,300.</p><p>A penthouse in the neighborhood, on Levi Eshkol Boulevard, without a protected room, was recently sold for NIS 7.95 million. The highest deal in the neighborhood this year was NIS 8.85 million for 146 square meter, five-room apartment in March. This is a new apartment due to be completed in 2028, so it will have a protected room. Lamed is not currently enjoying a major renewal boom, partly because the plan for Rova 1, in which it is included, has not yet been approved.</p><p>Herzliya Bet, Herzliya: Most of the homes are houses with gardens</p><p>Median construction date: 2004</p><p>Area: 1,250 dunams (316.5 acres)</p><p>Population: About 4,000</p><p>Herzliya Bet is a narrow strip surrounded by Road 2 to the west and the railway line to the east, very close to Herzliya Pituah, a very high-end neighborhood in itself. Construction began in the 1960s, but over the last decade, much land has been cleared for single-family houses - a development that affects the median construction year data. In any case, many residential buildings in the neighborhood are quite old, 50 years old or more, and they do not include a protected room.</p><p>According to Madlan, the average price for an apartment in the neighborhood five years ago was NIS 3.913 million, while today it is NIS 4.602 million up 17.5%. The price per square meter is NIS 51,100. These figures are impacted by the construction of houses with gardens in the neighborhood in recent years, which of course include a protected room.</p><p>The biggest deal this year in the neighborhood this year was for NIS 7.35 million, for a 124 square meters, five-room, seventh floor apartment to be completed in 2028, which will of course include a protected room.</p><p>At the end of April 2025, an apartment was purchased in the neighborhood in a building built in 1970, so it does not have a protected room. The apartment, 84 square meter, four room apartment was sold for NIS 3.55 million. Appraiser Saar Peled believes that the current situation will lead to accelerated renewal in Herzliya Bet. He says, "In such neighborhoods, it will be easier to promote renewal projects because the residents have the financial ability. I don"t believe that the absence of protected rooms will affect the demand for such a neighborhood. The residents will not run away from it but will work to renew it. These are neighborhoods that will remain exclusive and sought-after one way or another."</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 24, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> High-end home prices rising regardless of protected rooms - Globes	查看 13449	Globes	2025-07-24 17:32:00 2025-08-04 05:48:42	word
3230016	无图 <p> Ampa CEO Zohar Levi: There’s nothing more new, interesting and fascinating than what has happened with WeWork. <p>After a three-year dearth of IPOs on the Tel Aviv Stock Exchange, certainly of large companies, Ampa (TASE: AMPA) came along and carried out the biggest equity offering since 2022 in terms of valuation (NIS 3 billion post-money) and since 2017 in terms of the offering itself (NIS 600 million). After a 15% rise in the share price within two weeks, Ampa’s market cap is now NIS 3.4 billion.</p><p>Besides the historical milestones, the flotation of Ampa, controlled by the Nakash brothers (owners of Jordache Enterprises) and Shlomi Fogel (co-owner and chairperson of Israel Shipyards) also provides a window onto the changes that the Israeli economy in general and the real estate market in particular have undergone in recent decades.</p><p>A company that started life in 1937 under the British mandate as an agency for imports of trucks and cranes (Ampa stands for America Palestine Automobile), and later became active in industry as well, is now mainly identified with the construction and letting of office buildings housing local and global technology companies, alongside the tangential activity of shared workspaces, through WeWork Israel.</p><p>"We are the most sensitive sensor for the office market," says Zohar Levi (59), who was appointed CEO of Ampa last year after two decades in charge of its real estate business. Interviewed after the IPO, Levi says that the office market, which has been stagnant for two years because of the war and the decline in fund raising by technology companies, could be on the verge of a turning point.</p><p>Four years ago, when WeWork, which was founded by Israeli Adam Neumann, encountered financial difficulties, it gave Ampa the franchise for operating shared workspaces (mainly for technology companies) in Ampa’s properties in Israel, and the right to construct new workspaces under the WeWork brand.</p><p>"In the past two months we have felt a rise in the number of leads and inspections (by potential tenants, E.G.). It feels better than the position we were in six months ago when it comes to site traffic," Levi says. "We all believe and hope that when the war ends there will be a significant improvement in the local economy in general and in high-tech in particular. As far as we are concerned, we’ll see considerable growth in the number of startups, which usually begin by renting workspace."</p><p>Will you continue to develop this activity?</p><p>Levi: "We’ll expand WeWork. Today, every real estate player realizes that every large office project should allocate 5-10% of the space to shared workspaces. It’s a complementary product that generates customers for the property owner that grow within the building. We have had many customers that grew and there was no room to give them, so they took regular office space from the property owner."</p><p>What’s your advantage over the many other shared workspace sites that now operate in Israel?</p><p>"WeWork, unlike its competitors, is global, and that’s a huge advantage. It’s also the reason that it has customers like Salesforce, Microsoft, and TikTok. These companies won’t go to the competition for the simple reason that the agreements are signed in the US, and they just have to do copy and paste here."</p><p>Ampa’s IPO revealed WeWork Israel’s figures for the first time. Ampa currently operates fourteen shared workspace sites in Israel, nine of them in Tel Aviv. The total area is 102,000 square meters, with over 15,000 workstations. Average occupancy last year was 81%, which compares with 92% in 2022.</p><p>Last year, the revenue from the WeWork business, NIS 280 million, accounted for 40% of Ampa’s total revenue. The operating profit on that activity, however, was just NIS 9 million out of a total of NIS 414 million. This was because of downward revaluations of the shared workspace properties of over NIS 300 million, together with the decline in occupancy.</p><p>Nevertheless, Levi’s eyes sparkle when he talks about his plans for the shared workspaces activity. "This is the first time in history that there’s some kind of movement in the real estate business, which is an old business that doesn’t change," he says. "I believe that we’re a progressive company in the sense that we like change, we like technology, we like new things, to try things out. And there’s nothing more new, interesting and fascinating than what has happened with WeWork."</p><p>Exploiting the brand</p><p>Many preparative steps preceded Ampa’s IPO, among them the purchase of minority holdings that its owners held in various businesses that the company controls, for NIS 76 million in total, paid out of the offering proceeds. Levi himself sold to Ampa his 3.3% stake in WeWork Israel and a 5% stake in a renewable energy partnership for a total of NIS 15.5 million. Levi’s annual compensation cost is NIS 3.9 million.</p><p>Levi stresses that the deals were in important preparatory step for the IPO, simplifying the way the investment institutions could analyze the company. "The media coverage we received was not accurate," Levi says. "It’s true that some of the proceeds of the offering went to the owners, but this was part of a required restructuring, because it was impossible to continue to run things that way," he tries to explain.</p><p>One of the areas in which Levi says Ampa aspires to expand is residential development, with an emphasis on urban renewal. In the background is the growing interest is this field lately in the wake of the war with Iran, and the assumption that it will lead to greater momentum in projects around Israel.</p><p>How will you do this?</p><p>"We think that we have a company that, with its platform, is capable of a greater volume of activity that it has. In housing, it’s clear to everyone that urban renewal is something that will keep growing, and at the moment we’re there on a small scale, and we certainly plan to grow that activity. We think that it’s possible and necessary to exploit the Ampa brand to that end as well."</p><p>In offices, the company is pinning its hopes mainly on the building rights it holds in high-demand areas. "The critical mass of our income-producing real estate (85%) is in sought-after Herzliya and Tel Aviv," Levi says, adding, "The new plans we promoted vis-à-vis the planning authorities dramatically increased our building rights.</p><p>"In the existing buildings there are building rights of hundreds of thousands of square meters, and we don’t have to go looking far for growth potential. Just in Herzliya we have more than 200,000 square meters, in Tel Aviv we have another 50,000 square meters. Our historical assets are centrally located with great potential."</p><p>Nevertheless, Levi stresses that it will take time to harvest the fruits of the investment. "Real estate is something that takes time," he says, giving as an example the story of a Tel Aviv landmark, the Electra Tower on Yigal Alon Street. Among the tenants in the 59,000 square meter office building are Google, and law firms Goldfarb Seligman and Agmon & Tulchinsky. The building does not bear Ampa’s name, but it holds 75% of the rights in it, the remainder belonging to the Nakash family. Ampa was Electra’s partner in constructing the building, and later bought the latter’s share.</p><p>Levi says that when the building was built, at the height of the global financial crisis in 2008, the owners had no idea how the space would be let. "But when we received the Form 4 (the municipality’s approval for occupation of the building), we were practically a monopoly in the market for any company that wanted to rent 4,000-5,000 square meters or more of office space.</p><p>"Despite that, it took us almost two years to complete occupation. But since 2012, occupation rates have been almost 100%. Letting new office buildings is a business that takes time. Filling a tower takes several years, but I’m pretty sure that that the existing supply will be absorbed."</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 27, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> After IPO, Ampa plans expanding WeWork, urban renewal - Globes	查看 8289	Globes	2025-07-27 19:24:00 2025-08-04 05:48:42	word
3230015	无图 <p> After an appeal against the auction process and VAT liability, the price of the properties has fallen to NIS 501 million. <p>The dispute in the Michakashvili family, which seemed to be over a year ago, still managed to persist for several more legal proceedings, but now looks finally over. Sources familiar with the situation tell "Globes" that the sale of dozens of the Michakashvili family properties in Tel Aviv and Herzliya, began in recent days, after a ruling by the Tel Aviv District court has ended the saga.</p><p>In September 2024, "Globes" reported that several properties belonging to the family were put up for sale after about 30 years of disputes over the inheritance of their father Aharon Yashar Michakashvili. The properties included the Ismailov Hotel on Yavne Street in Tel Aviv built in 1925 and Michakashvili House on Eilat Street, which was the first courthouse of the Tel Aviv District Court. The properties were sold in an auction conducted by the Mazor Hakim Beit Halachmi law firm, as part of a receivership and partnership dissolution process and by court decision.</p><p>Last September, it was reported that the properties were ultimately sold to the Michakashvili family. But it turns out that this was not the end of the story. The buyers (family members) objected to the receivers" request for the sale in the Tel Aviv Family Court, after the sale had already been published in the media, and when the court rejected their request, they appealed to the Tel Aviv District Court.</p><p>Not liable to pay VAT</p><p>The petitioners had two main claims. Firstly that their offer of NIS 501 million excluding VAT, could have been lower if the receivers had not chosen to conduct the auction in the final stage using the "best and final offer" method - asking bidders to submit an additional bid - the best they could offer. The petitioners claimed that if the receivers had conducted the procedure according to the normal bidding rules, they could have purchased the properties for NIS 477 million, since the other bidder, Union Live, submitted a bid for NIS 476 million.</p><p>Another main claim of the buyers was that they were not obligated to pay VAT on the purchase, and demanded that the sales agreements not be approved "until all necessary inquiries have been made with the VAT authorities and local authorities." Both claims were rejected by the district court, although it was decided by the VAT authorities that the buyers are not liable to pay VAT. Thus the buyers will pay NIS 501 million, compared with NIS 591 million if they were liable to VAT.</p><p>The receivers had ordered an appraisal opinion from appraiser Dr. Assaf Gastfreund, who estimated that the value of the 10 properties in a quick sale is NIS 390.5 million, and NIS 459.5 million in the sale by a voluntary seller to a voluntary buyer.</p><p>In August 2024, according to the Family Court ruling, the buyers signed an offer to purchase all ten properties for NIS 318.5 million. During the bidding process, their first offer rose to NIS 465 million, and in the end the properties were sold to them for NIS 501 million - an amount more than NIS 40 million higher than the appraisal report.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 31, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Michakashvilis buy historic Tel Aviv buildings for NIS 501m - Globes	查看 3429	Globes	2025-07-31 18:58:00 2025-08-04 05:48:42	word
3230014	无图 <p> The company"s Security Micro-Agents Builder enables teams to generate unlimited security micro-agents for specific tasks like managing identity access, investigating unknown alerts, patching vulnerabilities, managing devices, and more. <p>Israeli micro-agents security company BlinkOps today announced the completion of a $50 million Series B financing round led by O.G. Venture Partners. Existing investors Lightspeed Venture Partners and Hetz Ventures participated in the round with Vertex Growth.</p><p>This brings to $90 million the total amount raised by the company since it was founded by CEO Gil Barak and Zion Zatlavi, who previously founded Secdo, which was acquired by Palo Alto Networks.</p><p>Earlier this year BlinkOps launched its Security Micro-Agent Builder, which generated major momentum and persuaded BlinkOps to speed up its fundraising leverage demand from enterprises seeking to enhance security operations through custom AI security micro-agents.</p><p>The Security Micro-Agents Builder enables teams to generate unlimited security micro-agents for specific tasks like managing identity access, investigating unknown alerts, patching vulnerabilities, managing devices, and more. BlinkOps micro-agents can also communicate with each other to handle complex workflows. The product is already being used by many of the largest organizations in the world, BlinkOps says.</p><p>Barak said, "Following the massive demand since launching our security micro-agents builder, we decided to expedite our next round of funding to accelerate our go-to-market efforts and help everyone automate security workflows. We expect to see thousands of security micro-agents deployed in the next couple of months."</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 28, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Israeli micro-agents security co BlinkOps raises $50m - Globes	查看 1951	Globes	2025-07-28 20:00:13 2025-08-04 05:48:42	word
3230013	无图 <p> Jerusalem-based Teramount, led by CEO Hesham Taha from the Arab town of Bu"eine Nujeidat, has developed scalable fiber-to-chip interconnect solutions for AI, data centers and advanced computing. <p>Israeli fiber-to-chip company Teramount today announced the completion of a $50 million financing round led by new investor Koch Disruptive Technologies (KDT). Existing investors Grove Ventures and new strategic investors, including AMD Ventures, Hitachi Ventures, Samsung Catalyst Fund and Wistron, also participated the round. Jerusalem-based Teramount has developed scalable fiber-to-chip interconnect solutions for AI, data centers and advanced computing,</p><p>To meet escalating performance and power demands, the industry must adopt advanced optical interconnects to pass data between compute and networking components. Teramount makes this possible with its TeraVerse solution: a detachable, serviceable connector that links optical fibers coming from outside the rack to the silicon photonics chips inside Co-Packaged Optics (CPO) systems.</p><p>Teramount was founded by CEO Hesham Taha and CTO Avi Israel. Taha is an unusual figure on the Israeli tech scene. He did not grow up in a privileged suburb in Greater Tel Aviv or serve in the elite IDF 8200 intelligence unit. He grew up in the Arab town of Bu"eine Nujeidat in the foothills of Mount Turan in the Galilee - the fifth of eight children. His father is a building worker and his mother a housewife.</p><p>He recalls, "I didn"t connect with many subjects at school, but I felt a special connection to physics. Although he graduated with a high school diploma in physics, he went to work like many in the village in construction, most of it in the Sharon region - hard work that involved long trips in each direction. "In the early 1990s, there was an impressive construction boom in Israel - I made a lot of money there, and I asked myself: Why not actually continue? But physics attracted me."</p><p>Although he is from the north, he did not enroll in the Technion in Haifa but in the Hebrew University of Jerusalem due to the attraction to applied physics and the institute"s specialization in combining physics and mathematics. The studies were difficult and challenging for him, mainly due to the language barrier and the need to express himself in Hebrew at a high level.</p><p>"I was the first of my brothers to go to study at university," he says, "But after that, I encouraged my three younger brothers to enroll and some of them have already completed their master"s and doctoral degrees."</p><p>Taha continued his studies in applied physics until his doctorate but had difficulty finding work outside academia. "I looked in many places, but I always felt that there was a language and cultural barrier, of people not like me and it was always there in the background. They don"t say that, you just get a laconic negative answer: "We"re sorry." He finally found himself at a company that was spun off from his research group at the university, Nanox in Jerusalem, where he worked alongside his future partner in founding Teramount, Dr. Avi Israel, whom he has known since his undergraduate days</p><p>Teramount, which is located in Har Hotzvim, Jerusalem, currently employs 40 people, at least eight of whom are from Arab society, some from neighborhoods in East Jerusalem. "There"s a different landscape here than the natural landscape of Israeli high-tech," says Taha. "People who come here for job interviews from the east of the city get a different feeling that they don"t get at other companies, of someone who is close to them and knows how to speak their language. The mere fact that the company has founders from both nations creates a place that may not solve the problems of the Middle East, but brings together people from different backgrounds to solve a problem in the field of data, heat dissipation, and light transmission."</p><p>KDT Israel managing director Isaac Sigron says, "Optical interconnects are critical components of the future of AI infrastructure, and Teramount is poised to be a leading supplier of these solutions. We are very impressed with the position Teramount has established in the market and its partnerships with key industry players."</p><p>The funding will enable Teramount to expand its team and increase production, ahead of the market adoption of CPO (co-packaged optics).</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 29, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Israeli fiber-to-chip co Teramount raises $50m - Globes	查看 4626	Globes	2025-07-29 20:02:00 2025-08-04 05:48:42	word
3230012	无图 <p> The Israeli company has developed a browser extension AI SOC companion that turns in-house expertise into scalable automation. <p>Israeli browser-native AI Security Operations Center (SOC) platform Legion today emerged from stealth and announced it has completed seed and series A finncing totaling $38 million. The latest round was led by Coatue, with participation from Accel and Picture Capital (co-leads on the earlier seed round), along with angel investors from leading tech companies, including Google, Crowdstrike, and Wiz.</p><p>Legion is introducing a browser extension AI SOC companion that turns in-house expertise into scalable automation. It trains within an organization, observes team"s investigations, learns patterns, and helps improve them. Then, it automates them at any pace, any scale, and without requiring any integrations or APIs.</p><p>Legion was founded in 2024 by security veterans CEO Ely Abramovitch, VP R&D Michael Gladishev, and CTO Eyal Fisher, alumni of Microsoft Sentinel and Cambridge AI research. The platform uses vision models and a lightweight browser extension to record analyst workflows, capturing both light and complex investigation patterns and the decision-making processes of top-performing analysts. It then shows teams the workflows it learned and helps optimize them. With permission, Legion investigates and responds to threats 24/7 using your existing tools, either with human-in-the-loop or completely autonomously.</p><p>Abramovitch says, "Most AI-driven SOCs still require complex integrations, and even then, they fail to adapt to each organization’s unique environment, making them difficult for enterprise teams to fully trust. Legion is the first browser-based platform designed to scale your team’s best instincts into AI-driven workflows. It’s fully trained within your environment, by your team, for your team. Our goal is to turn your expertise into scalable automation, letting the security team focus on what’s really important."</p><p>The company has 25 employees in Israel and New York and already cooperates with Fortune 500 companies in the energy, healthcare and finance sectors.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 30, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Browser-native AI security co Legion raises $38m - Globes	查看 2389	Globes	2025-07-30 20:00:00 2025-08-04 05:48:42	word
3230011	无图 <p> The Japanese investment giant has resumed direct investments in Israel at a sensitive time with public opinion in Japan leaning against Israel. <p>SoftBank has resumed direct investments in Israel. The Japanese investment giant has invested in Israel quantum software company Classiq, which raised $110 million in May in a financing round led by Entrée Capital.</p><p>The investment was managed directly by the investment team in Tokyo on behalf of SoftBank"s Vision 2 Fund, in collaboration with the US team in New York, and with the knowledge of those responsible for the Israeli market at the fund - former Mossad head Yossi Cohen and veteran partner Amit Lubovsky. This is an expansion estimated at $20-30 million to the existing round (Round C) that gave the company an estimated valuation of $400 million. Four Japanese corporations have now invested in the Israeli company as part of the fundraising round - SoftBank, Sumitomo"s IN Venture, telecom company NTT, and another large company that asked not to be named due to the geopolitical situation.</p><p>The investment comes at a sensitive time with public opinion in Japan leaning against Israel and the Japanese government wary of pro-Israeli statements due to concerns about the Arab world"s reaction. The Italian government"s investment fund, CDP, also joined the expansion of the round at a sensitive time for Italians who express mixed positions on Israel"s war in Gaza. In Italy, it is expected that the investment will lead to Classiq promoting the quantum industry in the country.</p><p>Although SoftBank has made several investments in Israel including Claroty, Cato Networks and Wiz, in the last two years the Japanese giant has disappeared from the investment map here. This is the Japanese team"s return to direct investments in Israel, as well as the fund"s first-ever quantum investment.</p><p>The connection between the Israeli company and SoftBank was made due to Classiq"s activities in Japan - one of the most advanced countries in investing in quantum computing. Classicq has a branch in Japan that provides its operating system for quantum computers for clients such as Mitsubishi, Deloitte Japan, NTT, Itochu and Sumitomo.</p><p>SoftBank"s Japanese team conducted a due diligence process that included comparisons with rivals, and later published the findings, which prove Classiq"s superiority over other quantum companies such as IBM and Quantinuum in the quantum computing operating system category. SoftBank sees the quantum computing industry and its investment in Classiq as another avenue through which it can gain a foothold in government organizations, academia and large companies.</p><p>Classiq, which was ranked by "Globes" as one of Israel"s 10 most promising startups in 2022, calls itself the Microsoft of the quantum software world due to an operating system it has developed that allows complex algorithms to be run on quantum computers of any type. The operating system is indifferent to the variety of quantum machines being developed by dozens of companies in different technologies.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 30, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> SoftBank invests in Israeli quantum software co Classiq - Globes	查看 3319	Globes	2025-07-30 22:59:18 2025-08-04 05:48:42	word
3230010	无图 <p> This financing round will help the Israeli company speed up innovation in AI and agent security, further expand marketing operations in North America and EMEA and more rapidly grow its product, R&D and research teams in Tel Aviv. <p>Israeli unified platform for AI and agent security Noma Security today announced the completion of a $100 million Series B financing round led by Evolution Equity Partners, with previous investors Ballistic Ventures and Glilot Capital. No valuation was disclosed but sources say that the money was raised at a valuation of $400 million.</p><p>Noma Security came out of stealth in November of 2024 with $32 million in funding and ended 2024 with a strong portfolio of customers in production. Noma Security increased annual recurring revenue (ARR) more than 1,300% over the last year with dozens of customers in financial services, life sciences, retail, and technology.</p><p>Noma Security was founded in 2023 by CEO Niv Braun and CTO Alon Tron, both graduates of the IDF 8200 intelligence unit. The company has 40 employees in Israel and the US. </p><p>Noma Security helps its customers unlock the value of agentic AI wrapped in robust governance, security and compliance. These organizations identify millions of AI and AI agent risks while simultaneously prioritizing and mitigating novel threats at scale. One Noma Security customer processes hundreds of millions of AI prompts every month while scanning thousands of model artifacts and AI environments including cloud, code repositories and AI agent development platforms.</p><p>This financing round will help Noma speed up innovation in AI and agent security, further expand marketing operations in North America and EMEA and more rapidly grow its product, R&D and research teams in Tel Aviv.</p><p>Noma Security cofounder and CEO Niv Braun said, "AI agent adoption is exploding within our customer base and CISOs understand that AI innovation must be thoughtfully deployed with full guardrails. Noma Security is the only cybersecurity vendor to offer an end-to-end platform purpose-built to identify and mitigate the uniquely advanced risks of agentic AI. Alongside our customers and partners we built the most-comprehensive security and governance solution for both AI and agents."</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 31, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> AI and agent security co Noma raises $100m - Globes	查看 2516	Globes	2025-07-31 20:31:00 2025-08-04 05:48:42	word
3230009	有图 <p> Carbyne"s system is used in six countries, among them the US, where it is active in 23 states. <p>Israeli company Carbyne, a developer of artificial intelligence systems for managing emergency incidents, has announced that it has raised $100 million.</p><p>According to the company, the system it has developed is used in six countries, among them the US, where it is active in 23 states, and altogether at nearly 300 sites worldwide, by over 7,000 calltakers.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_desktop_article_content_header_800%2A392/v1662553132/direct/%D7%94%D7%A0%D7%94%D7%9C%D7%AA_%D7%A7%D7%A8%D7%91%D7%99%D7%99%D7%9F_%D7%A6%D7%99%D7%9C%D7%95%D7%9D_%D7%A0%D7%99%D7%A8_%D7%90%D7%A8%D7%99%D7%90%D7%9C%D7%99_ewbd1l.jpg" rel="noopener noreferrer"> Israeli smart emergency contact co Carbyne raises $56m </p><p>The system has an AI agent that functions as a first response when no human calltaker is available, and that can gather critical information from the field. The company says that its platform cuts response times and improves the efficiency of public emergency call centers.</p><p>Carbyne competes with veteran players such as Motorola and Intrado in a global market estimated at $10 billion annually.</p><p>Carbyne founder and CEO Amir Elichai, a veteran of the IFD’s Egoz commando unit, says that evens such as October 7 illustrate the need for a technological response for the home front. "The question is not what the army did, but what would have happened if there was better control on the home front. What’s the value of a strong army if it’s blind at the moment of truth?"</p><p>Elichai says that Carbyne works on a B2G model. It recently signed contracts with the New Orleans municipality, in Florida, and in Colombia. In Israel, it works with the Tel Aviv and Jerusalem municipalities, and with shared electric scooter company Wind.</p><p>Participants in the financing included AT&T Ventures, Axon Enterprise, Cox Enterprises, Global Medical Response, Hanaco Growth, Hercules Capital, RCM Private Markets Fund managed by Rokos Capital Management (US) LP, and Silicon Valley Bank (SVB), a division of First Citizens Bank. The company has so far raised a total of $200 million. It employs 230 people, 80 of them in Israel.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 31, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> AI emergency response co Carbyne raises $100m - Globes	查看 2588	Globes	2025-08-01 02:02:00 2025-08-04 05:48:42	word
3230008	有图 <p> The networking unit"s employees in Israel are in offices in Jerusalem, Haifa and Petah Tikva. <p>Intel has announced that it is spinning off its networking chip unit, as part of its plans to shed activities that are not part of its core business. Intel is currently in the process of identifying strategic investors, with the aim of spinning off the division but is committed to remain a major shareholder in the new company. Beyond the plan to spin off the division - no date for the move was given and no valuation for the activity was published.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1752656706/one%20time%20use%20only/2025-04-29T163249Z_1745944365_DPAF250429X99X687499_RTRFIPP_4_INTERNET-TECHNOLOGY-COMPUTER-TELECOMMUNICATIONS-USA-CEO_z0qsdp.jpg" rel="noopener noreferrer"> How has mighty Intel fallen? </p> <p> Intel Kiryat Gat expansion frozen for foreseeable future </p> <p> Intel selling 8% Mobileye stake </p> <p> Intel begins hundreds of layoffs in Israel </p><p>The networking division, which develops advanced communication and network cards for data centers and AI, employs thousands of employees, of which about 400 are in Israel, in the company"s offices in Petah Tikva, Jerusalem and Haifa. One of Intel"s vice presidents in Israel is the division"s local development manager, Sharon Elmosnino-Almog.</p><p>Intel"s networking unit competes, among others, with Mellanox, which was acquired by Nvidia, as well as Marvell and Broadcom.</p><p>The Networking and Edge Division (formerly: NEX) is considered the third most important at Intel, after the PC chip division, the company"s leading division, and the server core processor division. The division reported last year separately from the other activities, but was merged with the server division in the first quarter of 2025 and its revenue was not known. In 2024, the division"s revenue was $5.8 billion, up 1% from 2023. In the fourth quarter, revenue increased by 10% compared with the corresponding quarter the previous year.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 27, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Intel spins off networking unit with its 400 Israeli employees - Globes	查看 2444	Globes	2025-07-27 18:04:00 2025-08-04 05:48:42	word
3230007	有图 <p> The acquisition combines Nice"s purpose built customer service AI platform with Cognigy"s conversational and agentic platform, which will enable organizations to accelerate AI adoption in customer experience. <p>Israeli customer service automation solutions company Nice (Nasdaq: NICE; TASE:NICE) today announced that it is to acquire Cognigy, which has developed a conversational and agentic AI platform, for 955 million. This is the company"s first major acquisition under CEO Scott Russell. The acquisition combines Nice"s purpose built customer service AI platform with Cognigy"s platform, which will enable organizations to accelerate AI adoption in customer experience across the front and back office.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1723716018/direct/Scott-Russell-CRO-SAP_mkyv7k.jpg" rel="noopener noreferrer"> Nice raises EPS guidance but stock slides </p><p>Russell said, "This is a landmark moment for Nice, a strategic move that fast-tracks our AI innovation agenda and sets a new standard for customer experience in the AI era. By bringing a market leader in enterprise-grade conversational and agentic AI into the fold, we are accelerating global AI adoption, expanding into new global markets, and creating game-changing value for our customers, partners, and shareholders. Together, we are significantly advancing the future of AI-first customer experience."</p><p>Cognigy cofounder and CEO Philipp Heltewig added, "This transaction represents a pivotal step forward for Cognigy, one that brings immense opportunity for our customers and employees. NiCE is an exceptional organization whose global reach, deep expertise, and relentless focus on innovation will accelerate our growth and enhance the value we bring to our customers and partners. Together, we are uniquely positioned to shape the future of customer experience, uniting the best of trusted AI and human interactions."</p><p>Nice will finance the acquisition from its own resources. At the end of the first quarter the company had $1.6 billion in cash and debt of $460 million. </p><p>Nice"s share price is up 5% on the Tel Aviv Stock Exchange and in premarket trading on Nasdaq. On Friday, at close of trading on Wall Street, the company had a market cap of $10.273 billion. </p><p>Published by Globes, Israel business news - en.globes.co.il - on July 28, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Nice acquires AI co Cognigy for $955m - Globes	查看 2611	Globes	2025-07-28 18:57:00 2025-08-04 05:48:42	word
3230006	有图 <p> The Nagel committee on setting up an AI directorate will recommend the formation of an "AI factory." <p>On Tuesday, former head of the National Security Council Brigadier General (res.) Professor Jacob Nagel is due to present the conclusions of the committee he heads on the formulation of an artificial intelligence directorate in the Prime Minister’s Office.</p><p>This is at least the third time that Prime Minister Benjamin Netanyahu has ordered such a plan to be drawn up, after the two previous ones - drafted by Prof. Isaac Ben-Israel and Dr. Orna Berry - were not given high priority by the government. Ben-Israel’s plan completely melted away, while Dr. Berry’s was partially adopted, but the way that the government implemented it was deficient.</p><p>The committee’s recommendations have been put together in the past few months by a special forum appointed by Prof. Nagel, separately from the committee on the defense budget of which he is also in charge.</p><p>"Globes" has learned that among the committee’s recommendations are the allocation of a NIS 25 billion budget to the plan as a whole, over five years; the formation of an "AI factory", a large, 250 megawatt, server farm for training AI models, at an investment of NIS 8.5 billion, to be offered to Israeli and foreign providers; construction of a sovereign natural language model in Hebrew and English; and investment in infrastructure of various kinds.</p><p>On paper, this is an ambitious and important plan, formulated by a committee that, besides Prof. Nagel, comprises former army and intelligence officers such as Brigadier General (res.) Omer Dagan, Colonel (res.) Ryan Gity, and Lieutenant Colonel Eti Ben-Zeev, and two professors of computer science, Shmuel Peleg of the Hebrew University of Jerusalem and Sarit Kraus of Bar-Ilan University. The committee has come in for criticism for the fact that it does not include government representatives or professional representatives from the technology industry or public policy experts, unlike the committee examining the defense budget, on which representatives of various government ministries sit.</p><p>There is also no involvement on the committee by the Israel Innovation Authority, the Ministry of Science Innovation and Technology, or the Planning and Budgeting Committee of the Higher Education Council, apart from consultations, and it has no economic experts that could help formulate budgetary recommendations. Moreover, the proposal for a huge budget that will be presented to the prime minister is not backed by any staff work by the Ministry of Finance that would assist in understanding the budgetary sources that can be allocated to it.</p><p>On the other hand, those familiar with the work of the committee say that it is not intended to be a budgetary steering committee but "a forum meant to think as openly and creatively as possible, and only later enter into a more orderly process."</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1747214949/direct/Arkady_volozh_ufldwo.jpg" rel="noopener noreferrer"> Nebius to build Israel"s national supercomputer </p> <p> Businesses face heavy penalties for cybersecurity lapses </p> <p> Nvidia embarks on huge investment in Israel </p><p>Supporters of the plan argue that there is a need to build a server farm for training AI models that will allow financial and scientific independence and will prevent Israeli companies from being dependent on foreign technologies and countries. They also argue that there is room for setting up an "AI factory", as in Saudi Arabia and the UAE, for the use of academic institutions, industry, the government, and the military, even though the government has already committed to building a computer with 4,000 Nvidia Blackwell B200 processors through Nebius Group.</p><p>The assessment is that there is a need for Nvidia’s NVLink interconnect with tens of thousands of graphics processors to answer future demands. Opponents of this plan argue that the supercomputer about to be built will be more than enough, and in any case many companies will rent AI training services on the cloud and will not require physical infrastructure for that purpose.</p><p>There are also conflicting views on the recommendation for developing a new language model. Opponents say that the language model developed in Hebrew was shelved before ChatGPT was launched, after heavy expenditure in 2022, while supporters argue that there is a need for a sovereign language model to prevent data leaks and dependence on foreign entities.</p><p>The AI plan outlined by Dr. Orna Berry at the beginning of the decade has so far been partially implemented, chiefly in the computing budget for government ministries, construction of the national supercomputer by Nebius, and the formation of a national AI laboratory.</p><p>As far as planning of government policy on the matter and constructing regulation are concerned, there is a very large shortfall that the market hopes will be addressed by the Nagel committee. The lack of an orderly approach is manifest in the drafting of different, sometimes contradictory, laws and regulations by entities such as the Privacy Protection Authority, the National Cyber Directorate in the Prime Minister’s Office, the Ministry of Justice, and other bodies that are not coordinated with one another.</p><p>The Nagel committee declined to comment on the report.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 31, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Draft national AI plan calls for spending NIS 25b - Globes	查看 5802	Globes	2025-08-01 00:40:00 2025-08-04 05:48:42	word
3230005	有图 <p> Alphabet and Nvidia are leading the financing round in the hybrid data storage company at a valuation of up to $30 billion, "Reuters" reports. <p>Hybrid data storage company VAST Data, which was founded by Israeli entrepreneurs and has a development center in Tel Aviv, is in advanced talks with Alphabet (Google) and Nvidia to raise several billion dollars at a company valuation of up to $30 billion, two sources have told "Reuters." If such a financing round is completed, VAST Data will become the second-most valuable privately-held Israeli tech company after cybersecurity company Wiz.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1619544215/direct/shutterstock_1062915266_pl5zdc.jpg" rel="noopener noreferrer"> VAST Data seeks to raise funding at $25b </p><p>The round will be led by CapitalG, the investment arm of Alphabet, together with Nvidia, which is an existing investor. VAST Data is developing advanced storage technology for AI data centers, allowing swift and efficient data transfer between GPU chips, a key component of infrastructures for running smart models like ChatGPT. Its customers include companies like Elon Musk’s xAI, cloud company CoreWeave, and leading enterprises in the security, healthcare, and finance sectors.</p><p>Despite operating in stealth for nearly a decade, VAST Data has become a key player in the AI sector, including through ongoing strategic partnerships with Nvidia. According to industry sources, Nvidia CEO Jensen Huang mentions the company in almost every speech, due to its critical role as a connector between Nvidia"s GPU chips and the cloud services that run smart models.</p><p>VAST Data currently has 1,000 employees, half of whom are in Israel, where the main development center is at the Tel Aviv Exhibition Center. The company is led by two Americans - CEO Renen Hallak from the US, together with president Mike Wing, a former Dell executive.</p><p>Since it was founded in December 2015, the company has shown impressive growth. Last January it reported annual recurring revenue (ARR) of $200 million, with a forecast for a jump to $600 million in the coming year. In recent weeks, VAST Data has positioned itself as an integral part of Nvidia"s strategic AI programs, including the AIQ platform that allows AI agents to access any type of data, such as tables, texts, images and videos, and process the data in real time. Market sources estimate that the company is preparing for an IPO, which will likely be one of the biggest flotations in the coming years.</p><p>"Reuters" said that Nvidia declined to comment, while No comment was forthcoming from Vast Data and CapitalG.</p><p>Published by Globes, Israel business news - en.globes.co.il - on August 1, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Storage co Vast Data raising several billion dollars - report - Globes	查看 2982	Globes	2025-08-01 22:58:00 2025-08-04 05:48:42	word
3230004	无图 <p> While M&A activity in the AI sector is booming, these deals require a deeper understanding of the target’s technology and have a higher risk profile. <p>M&A activity in the AI sector is booming and Israel is a major player. From autonomous systems to predictive cybersecurity, Israeli-founded AI startups are at the forefront of global innovation. As both strategic acquirers and financial investors race to secure emerging technologies, a distinct category of transactions is gaining ground: cyber-AI deals that combine machine learning, threat detection, and large-scale data processing.</p><p>But acquiring an AI company presents a very different set of challenges compared to traditional software or tech businesses. These deals require a deeper understanding of the target’s technology, risk profile, and market dynamics - particularly when it comes to the following key areas:</p><p>1. Algorithm ownership Is often ambiguous</p><p>AI models are rarely developed in isolation. They often draw on a mix of proprietary code, open-source tools, customer data, and even academic research. This creates real complexity around who owns the resulting model-and whether the company has the rights to commercialize and license it. Disputes over IP ownership, licensing limitations, or unclear contributions can undermine the value of a deal if not thoroughly vetted.</p><p>2. Regulatory uncertainty adds risk</p><p>AI regulation is evolving rapidly with the EU AI Act, US policy proposals, and new frameworks emerging globally. Many AI companies, especially early-stage startups, lack formal compliance structures. Buyers need to assess not only current compliance, but also the company’s ability to adapt to future legal and ethical standards. This mismatch between today’s diligence and tomorrow’s liability makes regulatory risk a growing concern in AI transactions.</p><p>3. Revenue concentration is a common theme Unlike more mature SaaS companies, AI startups often depend heavily on a handful of customers or pilot projects. That means any misrepresentation about the status, renewability, or terms of key contracts can have an outsized impact. Understanding the durability of those relationships- and their legal enforceability - is essential.</p><p>4. Cyber risks can be hidden even in cyber companies</p><p>Ironically, companies specializing in cyber-AI may themselves be exposed to cybersecurity issues. Past breaches, poor data governance, or overstated claims about compliance with security standards can lead to unexpected liabilities. It’s critical to go beyond surface-level checks and assess whether security practices align with customer expectations and legal obligations.</p><p>Looking ahead</p><p>With Israel’s AI and cybersecurity sectors increasingly overlapping, the surge in cyber-AI M&A is expected to accelerate. These deals offer exciting opportunities - but also demand careful navigation of risks that are still poorly understood in many corners of the market.</p><p>As these complexities grow, dealmakers are responding with smarter diligence and tailored protections. One tool increasingly used in this space is Representations & Warranties Insurance (RWI), which can offer recourse for unknown breaches of key contractual representations, including those tied to IP, regulation, and cyber.</p><p>Ultimately, successful AI M&A requires more than just traditional deal-making. It calls for a cross-disciplinary approach that blends legal, technical, and commercial insight. For those who get it right, the upside is significant.</p><p>The author is a Head of M&A at WTW (Willis) Israel. He specializes in advising global buyers and Israeli sellers on the use of M&A insurance in domestic and cross-border transactions.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 28, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> AI M&A differs from other M&A deals but risks can be minimized - Globes	查看 4008	Globes	2025-07-28 22:06:50 2025-08-04 05:48:42	word
3230003	有图 <p> Not all the airlines in the group, which includes Lufthansa, Swiss, Austrian Airlines, Brussels Airlines and EuroWings, will restart Israel flights in August. <p>Lufthansa Group, the world"s biggest airline group, will only partially resume Tel Aviv flights next week on August 1. Not all the airlines in the group, which includes Lufthansa, Swiss, Austrian Airlines, Brussels Airlines and Eurowings, will restart Israel flights in the summer.</p><p>Lufthansa Group officially announced the resumption of flights on August 1 two weeks ago, after suspending services on May 4 when a missile fired by the Houthi rebels in Yemen hit the grounds of Ben Gurion airport. The suspension was further suspended after the outbreak of Israel"s operation against Iran in mid-June. Lufthansa Group said it would be resuming Israel operations gradually from August 1 and it has now published specific details for its renewal of activities at Ben Gurion airport.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1710771399/direct/shutterstock_2353222173_apelfr.jpg" rel="noopener noreferrer"> easyJet extends suspension of Israel flights to 2026 </p> <p> United resumes Israel flights but fares stay high </p> <p> Air Canada postpones renewal of Israel flights </p> <p> Foreign airlines returning to Israel faster than expected </p><p>Initially, Lufthansa and Austrian Airlines will resume flights from Frankfurt, Munich, and Vienna to Tel Aviv on August 1. Brussels Airlines will resume its operations to Tel Aviv from Brussels on August 13. All routes will be operated with at least seven weekly flights. As part of the initial flight schedule, there will be 44 weekly flights to and from Tel Aviv operated by the airlines during August.</p><p>On the other hand, Eurowings, which operates direct flights to Hamburg and Düsseldorf, is extending the suspension of flights until October 25, after the holidays. Swiss, which operates flights between Tel Aviv and Zurich, has initially suspended flights until the end of October but now says it will resume Israel operations at the end of September but has yet to detail the frequency of the flights.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 24, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Lufthansa Group to partially resume Israel flights - Globes	查看 2569	Globes	2025-07-24 12:05:00 2025-08-04 05:48:42	word
3230002	无图 <p> Hagag Group has announced that the Tel Aviv District Planning and Building Committee has approved construction of its luxury hotel in the Herzliya Marina, which it is developing in partnership with Leonardo DiCaprio. <p>Like many before him, Hollywood actor Leonardo DiCaprio has learned the hard way that the world of Israeli planning requires patience. The Hagag Group (TASE: HGG) recently announced that the Tel Aviv District Planning and Building Committee has approved the construction of its luxury hotel in the Herzliya Marina. This is a project in which the famous actor has a 10% stake, and the rest is owned by the Hagag Group and the brothers Ahikam and Lior Cohen.</p><p>The announcement of the partnership was published back in 2018. In April 2024, the plan was approved for deposit, and has now been finally approved. One of the reasons why the project has taken so long to gain approval has been the Hagag Group"s request to significantly increase the building rights for the hotel. However, even taking this into account, this is an unusually long period. The increase is from 10,000 square meters initially, to 51,000 square meters on final approval, which will allow for the construction of a 14-floor hotel with 365 rooms. Construction of 8,000 square meters of underground parking space has also been approved.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 27, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Leonardo DiCaprio's Herzliya Marina hotel approved - Globes	查看 1565	Globes	2025-07-28 02:16:53 2025-08-04 05:48:42	word
3230001	有图 <p> Ben Gurion airport"s Terminal 1 will reopen on Monday, August 3. <p>Ben Gurion airport"s Terminal 1 will reopen on Monday, August 3. This will be the first time Terminal 1 has resumed regular operations since Israel"s operation against Iran in June, and after a long period of uncertainty in which foreign airlines have been hesitant about flying to Israel. In the first stage only Israeli airlines El Al, Arkia and Israir will use the terminal together with Georgian Airways and shortly after Hungarian low-cost carrier Wizz Air will also use Terminal 1. The hope is that major low-cost foreign airlines Ryanair, easyJet and Transavia, which have flown to Israel in the past, will soon be back.</p><p>During August about 500 international flights are scheduled to use Terminal 1, a considerable achievement given the circumstances of the war, but much lower than activity during normal times. In August 2023 over 1,800 flights operated there.</p><p>The reopening of the terminal is planned, among other things, to ease congestion in Terminal 3 in the middle of August, as well as to deal with a shortage of employees at the Israel Airports Authority that led to exceptional delays last week. The move is also intended to encourage foreign airlines to return to Israel, due to the lower airport taxes in Terminal 1 compared with Terminal 3, a fact that makes operating there particularly attractive for low-cost carriers.</p><p>However, apart from Wizz Air, major low-cost carriers Ryanair and easyJet have not yet resumed operations in Israel. easyJet has even suspended its Tel Aviv operations until the end of March 2026, a dramatic step that indicates a lack of confidence in the certainty of operating flights from Israel. Since it is a UK company, British public opinion may have had an influence on the decision. Ryanair also extended the suspension of its flights until the end of October, but the possibility of an early return remains in question. Ryanair has spoken out strongly in the past about not reopening the terminal, even though the company passes on the cost of airport taxes to passengers.</p><p>Terminal 1 serves domestic flights alongside international flights</p><p>Terminal 1 is the home terminal for domestic flights to Eilat, but airlines also operate international flights from it, mostly to nearby destinations in Europe and the Mediterranean basin. El Al unit Sun D"Or will operate flights from Terminal 1 to Belgrade, Tbilisi, Batumi, Tirana (Monday-Wednesday), Paphos, Larnaca, Heraklion, Santorini, Mykonos, Rhodes, Thessaloniki and Lefkada. Georgian Airways will operate to Tbilisi. Israir and Arkia currently do not have fixed destinations departing from Terminal 1 (except Eilat), and passengers are asked to check in advance which terminal their flight will depart from.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1724076291/COT_Pic/800_m0izxy.jpg" rel="noopener noreferrer"> United resumes Israel flights but fares stay high </p> <p> El Al CEO to depart with NIS 20m in pocket </p> <p> Wizz Air to restart Tel Aviv flights in August </p><p>Low-cost airline Wizz Air is also expected to begin moving some of its flights from Terminal 3 to Terminal 1, but it has not yet announced which flights will be moved to Terminal 1. All of the company"s destinations can depart from both terminals: Budapest and Larnaca from August 8, London from August 22, and a number of additional destinations, including Vienna, Bucharest, Iasi, Rome, Milan and Sofia. Wizz Air"s remaining routes will resume operations on September 15. The airline recommends checking in advance which terminal the flight is departing from.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 31, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Terminal 1 to reopen - Globes	查看 4049	Globes	2025-07-31 17:10:00 2025-08-04 05:48:42	word
3230000	有图 <p> The Israeli defense electronics company will supply DIRCM self-protection systems for Germany"s A400M aircraft fleet. <p>European countries are continuing to arm themselves and Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) is benefitting from the move. Today the company reported it has been awarded a contract worth $260 million to supply DIRCM self-protection systems for Germany"s A400M aircraft fleet. The company"s share price is up 1% on the Tel Aviv Stock Exchange (TASE).</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1745919653/direct/PULS_qk7ys7.jpg" rel="noopener noreferrer"> Elbit wins Peruvian PULS artillery system tender </p> <p> Elbit now upsets Swiss on TK A radios deal - report </p> <p> Swiss mull cancelling $380m Elbit drone deal - report </p><p>The contract has been 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>The system Elbit will supply to Germany is part of the company"s suite of air defense solutions (MUSIC), designed to protect aircraft from infrared-guided missile threats, particularly those launched from mobile anti-aircraft systems. According to the company, the combination of advanced laser technology with high-performance imaging systems allows the system to identify, track and disrupt incoming missile threats in real time while providing autonomous protection without crew intervention. Elbit"s DIRCM solutions are in operational use on a variety of aircraft and among its air forces and defense ministries customers, including Israel, Germany, the Netherlands, Italy and Brazil.</p><p>Elbit president and CEO Bezhalel Machlis said: "This contract further strengthens Elbit Systems" position as a leading global provider of DIRCM solutions. Our systems are already trusted by numerous air forces and defense organizations around the world, and we are proud to support Germany in enhancing the protection of their strategic air assets. Our successful collaboration with Airbus DS on this important program is highly valued, and we are pleased that our advanced self-protection systems will contribute to the safety and operational readiness of the German A400M fleet."</p><p>Elbit is traded on the Nasdaq and the Tel Aviv Stock Exchange at a market cap of $21 billion, after a 76% increase in share price since the beginning of the year.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 28, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Elbit wins $260m German air defense contract - Globes	查看 3115	Globes	2025-07-28 19:42:21 2025-08-04 05:48:42	word
3229999	有图 <p> As the US unveils the Golden Dome multi layered defense system, Israeli companies have much to offer the ambitious project. <p>The most expensive defense system of all time, the US Golden Dome promoted by President Donald Trump, is getting underway, even though nobody knows exactly what it will look like, what threats it will protect against and how much it will cost. The estimated budget ranges from $150 billion to $500 billion. Trump wants to complete the defense system by the end of the administration"s term in 2029, and the Missile Defense Agency will soon issue a call for proposals for defense industries to apply for inclusion in the huge project, announced over the weekend.</p><p>The Golden Dome multi layered system will protect against some of the most serious threats to the US, including hypersonic missiles launched from the ground or from space, swarms of drones, and even "engineered asteroids" - giant missiles designed to crash into the ocean and create tsunamis.</p><p>Despite Trump"s grandiose declarations, the birth of the system has been characterized mainly by chaos. The threats Golden Dome will address and the structure of the system have not yet been defined, and it was only a week ago that the Senate confirmed the appointment of General Michael Gottlieb as head of the project. He officially assumed office only this week.</p><p>The budget is controversial. While Trump promised to allocate $175 billion to operate the system within three years, it now appears that it will stand at about $150 billion spread over a decade, while according to a May congressional estimate, the budget could swell to about $500 million over 20 years. However, the first Congressional bill for the project stands at $25 billion "only" for the purpose of starting it.</p><p>Israeli companies cannot compete for tenders by themselves</p><p>The name of the futuristic missile defense system is similar to Iron Dome but it has nothing in common with the Israeli system. While Iron Dome was developed to deal with short-range ballistic missiles such as the Kassam and Grad missiles, the US aims to design Golden Dome to deal with maneuvering hypersonic missiles that cruise on an unpredictable trajectory at supersonic speed (the expected threat scenario from a superpower like China), as well as against other aerial threats such as drones and missiles fired from space.</p><p>Over the weekend, it was learned that the Pentagon will issue a call for relevant companies that will be able to compete in the tenders when they are announced, within 60 days, General Gottlieb will present the basic architecture of the system.</p><p>Estimates in Israel are that several Israeli companies are already getting ready to participate in the tenders but they will not be able to compete by themselves but only in partnership with US companies.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1752160281/direct/%D7%9E%D7%A9%D7%94-%D7%A4%D7%AA%D7%90%D7%9C-800_dc22jd.png" rel="noopener noreferrer"> Israel"s missile defense chief: Results exceeded expectations </p> <p> Rafael unveils three versions of Iron Beam laser system </p> <p> THAAD"s Israel deployment proves effective but expensive </p> <p> Israel has negated Iran"s suicide drone threat </p><p>Israeli Aerospace Industries (IAI) is interested in taking part in the radar and threat detection tender. IAI"s Elta unit develops and manufactures the Oren Adir detection radar system, which is at the heart of the Arrow long-range missile defense system. IAI also sees itself as a relevant supplier in the field of interception, having developed Arrow 3 missiles to intercept long-range ballistic missiles launched in space, as well as subsequently interception missiles that also deal with maneuvering hypersonic missiles, which require greater sophistication in their interception.</p><p>IAI highlights its long-standing experience in dealing with ballistic missiles, demonstrated recently during Iranian attacks, but Lockheed Martin"s THAAD missiles have also gained some experience. But the cost of detecting and intercepting missiles by the Arrow is estimated to be 25% of that by the US system. The Arrow 3 has also proven effective in operations outside the atmosphere, a prerequisite for Golden Dome, which aims to operate interceptor launchers in space.</p><p>Rafael Advanced Defense Systems, another Israeli company interested in Golden Dome tenders, offers knowhow and experience in laser interception. Rafael develops and produces the Iron Beam laser interception system, which will be delivered to the Israel Air Force by the end of the year and will be deployed for operational use in early 2026. Rafael will compete with laser manufacturers from the UK and South Korea, but will try to convince senior Pentagon officials that it is the only system to have so far demonstrated operational laser interception during a war.</p><p>The dispute with Trump could harm SpaceX"s chances</p><p>As for US companies, several have already officially expressed interest in the project, including Lockheed Martin, Raytheon and Northrop Grumman. Software and intelligence systems provider L3 Harris has also announced interest in participating.</p><p>Anduril, which is challenging the defense industries by developing aircraft and cruise missiles for the US Ministry of Defense has a low chance of participating because it does not specialize in air defense. But Palantir is considered a leading candidate in the satellite intelligence systems category and well positioned to develop the command and control system for the entire program.</p><p>Elon Musk’s SpaceX is a natural candidate to launch satellite systems and intelligence satellites into space, but deteriorating relations with Trump have led Golden Dome executives to talk to rivals like Amazon’s Project Kuiper and emerging companies Stoke Space and Rocket Lab, Reuters reports. But SpaceX is still the leading provider in the field with over 9,000 satellites launched into space to date.</p><p>Raytheon and Lockheed Martin - the companies responsible for developing the THAAD, Patriot, and Aegis naval systems - may block competition from young companies by claiming that they are the only experts in intercepting ballistic missiles in the US. However, it is estimated that the players will be chosen who can offer systems that include not only a high threat detection rate but also a low cost per interception. Furthermore, Lockheed Martin and Raytheon know how to deal with ballistic missiles but not with the newer and more sophisticated threats, including missiles that can maneuver in the air, or fall from space.</p><p>"Americans must think outside the box"</p><p>"The US challenge is twofold. The Chinese and Russians today have twice the number of interceptors that the US will be able to produce in the next five years, and they are selling hypersonic missiles to their allies, so the Americans must think outside the box and not produce more than they already have," says Dr. Moshik Cohen, a former senior developer of the David"s Sling, Barak 8, and Iron Dome systems and currently CEO of defense-tech company AIPHEX, which deals with drone and hypersonic missile interception technologies.</p><p>Cohen explains that the level of threats has increased. "It"s no longer just about ballistic missiles with a predictable trajectory, but about extremely fast hypersonic missiles that maneuver in the air, swarms of drones that can even include hundreds of thousands of units, and missiles that are launched vertically from space."</p><p>There is also a new threat: "engineered asteroids." According to Cohen, these are tungsten blocks weighing about a hundred tons that may be launched into space and from there to selected points in the ocean. "The explosion could create a huge tsunami wave that could reach a height of 400 meters. Existing systems are not capable of handling all these threats, so fresh thinking and leadership are required to harness the defense industry and US leadership to produce something new, in large quantities and cheaply."</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 29, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Israeli firms eager for role in US Golden Dome defense system - Globes	查看 8517	Globes	2025-07-29 19:43:00 2025-08-04 05:48:42	word
3229998	有图 <p> Over the next decade, IEC will purchase gas from Tamar worth $8.2 billion - between 2 and 3 billion cubic meters (BCM) each year. <p>Israel Electric Corp. (IEC), which even after the energy reform remains the country"s biggest electricity producer, has signed a memorandum of understanding (MoU) with some of the Tamar partners for the supply of natural gas to its power stations over the next 10 years. IEC said that the agreements in the MoU, "Reflect savings expected to amount to about NIS 800 million and up to NIS 1 billion, compared with the current Tamar agreement the existing alternatives." However, this is not yet a final agreement, but only a non-binding MoU, and changes may occur before the final agreement is signed with the Tamar gas field partners.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1600259631/direct/%D7%90%D7%A1%D7%93%D7%AA_%D7%9C%D7%95%D7%95%D7%99%D7%AA%D7%9F_1_yi7fls.jpg" rel="noopener noreferrer"> Gas heist or windfall? </p> <p> Azerbaijan"s SOCAR completes acquisition of 10% Tamar stake </p><p>Over the next decade, IEC will purchase gas from Tamar worth $8.2 billion - between 2 and 3 billion cubic meters (BCM) each year. The agreement was signed with only some of the partners, in accordance with the principle of separate sales, which is designed to create competition in the gas market, even though the two largest reservoirs (Tamar and Leviathan) are both operated by US energy major Chevron. The IEC"s MoU was signed with most of the Tamar partners, with the exception of Tamar Petroleum and investments by SOCAR (the National Oil Company of Azerbaijan). But these partners are also in negotiations, and according to the IEC announcement, they will be able to join the agreements within 30 days.</p><p>Due to the IEC’s extensive production, its gas agreement is the largest gas agreement in Israel, and is also part of what makes the Tamar reservoir so oriented towards local production (72% for the domestic economy). This is in contrast to the Leviathan reservoir, which is export oriented (81% exports).</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 27, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> IEC signs huge gas supply MoU with Tamar partners - Globes	查看 2426	Globes	2025-07-27 20:19:49 2025-08-04 05:48:42	word
3229997	有图 <p> The Reindeer power station due to be built near Kfar Saba, subject to cabinet approval, has encountered another obstacle. <p>The Reindeer power station due to be built near Kfar Saba, subject to cabinet approval, has encountered another obstacle. Minister of Finance Bezalel Smotrich, who has been pushing hard for the power station in previous cabinet discussions, is now insisting that an interchange between Road 6 and Road 55 (Kfar Saba to Nablus) also be built to serve Jewish settlers in Samaria who work in the Sharon region and central Israel.</p><p>According to Smotrich, these are agreements that were already reached in the previous cabinet talks on the power station, but were not supported by the Ministry of Finance budget division in the National Planning Commission. At the same time, the Sharon region local authorities that oppose construction of the power station, filed a lawsuit in the Supreme Court against the National Planning Commission"s decision to build the power station.</p><p>Smotrich says, "I was the one who promoted the power stations, I pushed it in the cabinet in defiance of NIMBY and political pressure from other ministers. Each minister had objections, and I helped reach agreements so the plan would be sent back to the National Planning Commission and be approved with amendments. The plan was sent back but without one of the major amendments, which is the construction of the interchange next to the power station. I am also angry with people in the Ministry of Finance, because I overcame the ministers" objections, and there is a cabinet decision, which says what the plan would be sent back with."</p><p>Senior political figures have indeed opposed the power station in the past. On the Facebook page "Fighting the construction of the "Reindeer" power plant in Sharon," there are statements by former Minister of Energy Eli Cohen, saying, "I don"t know what role I will be in, but in any role I will be in favor of this important issue about the power station, I will be here at your side." The Facebook page also has a statement by Prime Minister Benjamin Netanyahu, saying "We will not build this plant in the place we are talking about." On the other hand, a cabinet decision on the electricity sector development stresses the need to build power stations, close to centers of demand, to ensure a reliable electricity supply at reasonable prices.</p><p>Head of the South Sharon Regional Council: A dangerous plan</p><p>Smotrich says, "I"m not willing that after there were agreements, we do not stick to them. One of the comments was that granting the permit would involve planning and budgeting for the interchange that connects Road 55 to Road 6, and everyone who comes from the Samaria region will benefit from it. I had to do that to get it through the cabinet, reach an agreement, and then the officials do whatever they want."</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1632406027/direct/%D7%AA%D7%97%D7%A0%D7%AA_%D7%94%D7%9B%D7%95%D7%97_%D7%91%D7%97%D7%93%D7%A8%D7%94-OPC_zhjsah.jpg" rel="noopener noreferrer"> Gov"t decides not to decide on Reindeer power plant </p> <p> C"ttee approves power stations over ministers" objections </p><p>Smotrich is demanding, in principle, that the construction of the interchange be conditioned on the construction permit for the power station, but this is a problematic precedent on a legal level. Therefore, he would only be willing to compromise if "The planning director reserves a location for it, because otherwise, the station could be built where the interchange should be, and a budget summary is also needed, and then I might be willing to give up anchoring it within the plan. In any case, we need to make sure that happens." From Smotrich"s perspective, the burden of proof lies with the planning director, the Ministry of Energy and Infrastructure, the Ministry of Transport, and also the budget division of the Ministry of Finance, which he heads.</p><p>At the same time, the local councils in the area (Kfar Saba, Alfei Menashe and South Sharon) have filed a petition with the Supreme Court against the decision of the National Planning Commission to approve the power station. South Sharon Regional Council head Oshrat Gani Gonen says "Despite widespread public opposition, the National Planning Commission has again approved the plan, but we will not stop sounding the alarm and fighting until this dangerous plan, which appears to be motivated by outside interests, is canceled. It is impossible for them to approve the construction of two power stations in the same local authority, with one of them adjacent to Kalkilya on the one hand and to residents" homes on the other." According to her, "The security risk is serious and I call on the cabinet to stop this dangerous move for the health and security of all of us."</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 31, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Smotrich links power station approval to Samaria interchange - Globes	查看 5208	Globes	2025-07-31 11:48:31 2025-08-04 05:48:42	word
3229996	有图 <p> As Azerbaijan"s gas begins to flow to Syria, its national energy company SOCAR sees Israel"s pipeline infrastructure as one that could connect to Turkey via Syria. <p>Azerbaijan has positioned itself as a major regional player by branding itself as the focus of normalization talks between Israel and Syria. But the country is not stopping there. Azerbaijan"s Minister of Economy and national oil and gas company SOCAR chairman Mikayil Jabbarov, recently signed an agreement with Syria"s Minister of Energy, Mohammed al-Bashir, to supply natural gas to the country as it strives to rebuild and repair the damage of the civil war. The agreement guarantees that gas will be exported to northern Syria, as early as next month.</p><p>According to UN estimates, the 14 years of civil war in Syria have resulted in damage of $250-400 billion, while over half of the population is still displaced, and 90% live below the poverty line. A particularly significant challenge for Syrian President Ahmed al-Sharaa"s regime is to provide electricity to citizens. Qatar has pledged to invest $7 billion in building power plants, but fuel is needed. The Qataris could supply LNG (liquefied natural gas), but it is much more expensive than regular pipeline supplies.</p><p>The Azerbaijanis are interested in exporting natural gas to Syria via Turkey, as is routine in supplying Europe. At the same time, Azerbaijan exported to Turkey itself about 4.77 billion cubic meters (BCM) of natural gas in January-May of this year, up 1.9% year-on-year. Of the total, in May alone, about 1.05 BCM was exported. Turkish gas imports from Russia in the same month fell by about 62% year-on-year to about 1.19 BCM, and Iran supplied a much smaller amount.</p><p>The Israel connection</p><p>Exporting Azerbaijani energy to Middle Eastern countries via Israel is not new at all, and its roots lie here. Israel imports oil from Azerbaijan via the BTC (Baku-Tbilisi-Ceyhan) pipeline, which is then transported by tanker to Israel. According to "Al-Monitor," Azerbaijan provides about 40-60% of Israel"s consumption. Despite its declared embargo against Israel, Turkey avoided disrupting oil supplies to Israel during the war, either due to its dependence on oil and gas from Azerbaijan or due to royalties worth $1.27 per barrel it receives for transit through its territory, according to reports.</p><p>The Syrian case is much more straightforward for the Turks, since al-Sharaa heads a regime that operates under is patronage and is interested in its stability. "The agreement signed with SOCAR on the supply of natural gas to Syria is a step towards energy independence and building a strategic cooperation that will serve our citizens," said Syria"s Minister of Energy. Azerbaijan"s President Ilham Aliyev has already expressed his desire to assist Syria "in all areas." Azerbaijan sees Syria as an important means of weakening Iran, which borders it and served as a major supporter of the Assad regime.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1635162248/COT_Pic/60_aejpiw.jpg" rel="noopener noreferrer"> Azerbaijan"s SOCAR completes acquisition of 10% Tamar stake </p> <p> Azerbaijan sought Erdogan-Netanyahu summit in Baku </p> <p> Azerbaijan"s SOCAR set to sign Israel gas exploration agreement </p><p>This is also very beneficial to it economically, since according to official data, more than 90% of Azerbaijan"s total exports in 2024 were oil and gas. In the field of natural gas alone, there was a 5.8% increase in exports to 25.2 BCM. The destinations for the natural gas were Europe (12.9 BCM), Turkey (9.9 BCM) and Georgia (2.4 BCM), and now Syria is seen as an opportunity for a large-scale and long-term customer.</p><p>Connecting existing infrastructures</p><p>The Azerbaijani-Syrian agreement includes roughly 2 BCM annually to be conveyed via existing infrastructure of the Turkish national energy company BOTAS, along the Kilis-Aleppo pipeline. Only 1.2 BCM will begin to flow to the Aleppo and Homs region in August, due to the limitations of the existing infrastructure. The policy of exploiting opportunities in existing or mostly existing infrastructure, at least, could have been identified earlier in Azerbaijan"s conduct in general and SOCAR in particular in Israel.</p><p>In March, the Azerbaijani national company signed the work plan for gas exploration in Block I of Israel"s northwest exclusive economic zone. The Azerbaijanis accepted the tender in a move led by NewMed (TASE: NWMD) CEO Yossi Abu even before the war. SOCAR sees Israel"s current pipeline infrastructure as one that could connect to Turkey via Syria and create a circle.</p><p>Israel is currently connected to Jordan and from there to Syria and Lebanon via the Arab Gas Pipeline. The initial Azerbaijani vision included expanding the Arab Gas Pipeline, which currently reaches Homs, and from there branches off to Tripoli in Lebanon and Banias in western Syria. The distance from Homs to Turkey is about 150 kilometers, and the Azerbaijanis would have been happy to connect to its gas pipeline, with an estimated investment of $200 million.</p><p>On the way to realizing the vision</p><p>Another major step in Israel, also revealed by "Globes", occurred last month with the completion of SOCAR"s acquisition of 10% of the Tamar reservoir from Aaron Frenkel, in a deal worth an estimated $1.25 billion.</p><p>All this reflects Azerbaijan"s grandiose ambitions. The growing regional consolidation in oil and gas serves these ambitions and if in time it manages to reach a situation where all regional gas infrastructures are connected to each other through Syria, all parties will benefit, and Azerbaijan will benefit most of all.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 31, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Azerbaijan sees Israel as integral part of regional energy market - Globes	查看 6107	Globes	2025-07-31 11:54:00 2025-08-04 05:48:42	word

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