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3214867	有图 <p> The US company wants to double the current size of its Tel Aviv office as part of its expansion in Israel. <p>US cloud computing and cybersecurity company Akamai is in advanced talks to lease 15,000-20,000 square meters office space in Beyond Towers in Givatayim. The tower, owned by Tidhar and George Horesh"s Union Group, will include 72 floors and is scheduled to be occupied next year. The tower overlooks the Ayalon Highway near Tel Aviv Central Savidor railway station.</p><p>Akamai currently has offices in the ToHa 1 building on Yigal Alon Street in Tel Aviv and if the talks reach fruition the new space will be double its current office area, provide a solution to the tech company"s major expansion in Israel. According to industry estimates, rents in the Beyond tower are NIS 90-100 per square meter before interior design, so the deal (if signed) will be worth at least NIS 18 million per year, even before investment in finishing work.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1625046582/direct/Oz_Golan_and_Shay_Levi._Credit_-_Yossi_Zeliger_yczdue.jpg" rel="noopener noreferrer"> Akamai to buy Israeli API security co Noname for $450m </p> <p> Akamai to acquire Israeli API co Neosec </p> <p> FBC law firm leases 8 floors in Givatayim"s Beyond Towers </p> <p> Meitar leases 17-floors in Givatayim tower </p><p>To date, most of the large deals in the tower have been for law firms. Meitar signed an agreement to lease 30,000 square meters on 17 floors for 25 years for about NIS 54 million per year; Fisher FBC (located in Azrieli Town) has leased about 14,400 square meters with an option to expand, and Lipa Meir has leased four floors in the tower.</p><p>Beyond Towers is two towers under construction in Givatayim on the border with Tel Aviv and Ramat Gan. The second tower will include apartments, which uniquely will be for rent only. The office building was built using green construction and is set to be awarded a Platinum LEED standard - the highest level.</p><p>No response to this report was forthcoming from Tidhar and Akamai.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 10, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Akamai in talks to lease 20,000-sq.m. in Givatayim tower - Globes	查看 2498	Globes	2025-07-10 20:52:01 2025-07-23 02:44:48	word
3214866	无图 <p> There will be intensive construction above the highway including some 2,000 housing units, 250 units for assisted living, 300 hotel rooms, 30,000 square meters office and commercial space, and 75,000 square meters for public use. <p>The Jerusalem District Planning and Building Committee, headed by Shira Talmi Babay this week approved the plan to cover Begin Highway.</p><p>The plan, prepared by the Kolker Kolker Epstein architect firm, covers 215 dunams (53.75 acres) on a narrow strip 1,600 meters in length between the Beyt Interchange and the Wolfson Bridge. The area will serve as a "roof" over the highway and provide land for additional use. Major construction will be built on the edges of the roof, to prevent excessive load in its center. The roof will connect the Beit Hakerem neighborhood to the Hebrew University Givat Ram campus, which are currently separated by the busy traffic artery.</p><p>There will be intensive construction on the roof above the highway including some 2,000 housing units, 250 units for assisted living, 300 hotel rooms, 30,000 square meters office and commercial space, and 75,000 square meters for public use. The proposed construction is diverse, and includes structural construction of 6-15 floors, alongside towers up to 45 floors.</p><p>The Planning Administration says, "This is the first project in Israel to roof a road of such a scale and one of the largest engineering projects in Israel, the fruit of more than a decade of work." A dedicated administration will now be established to implement the project, as part of the roof agreement that the Jerusalem Municipality signed with the Israel Land Authority.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 10, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Jerusalem District C'ttee approves plan to cover Begin Highway - Globes	查看 1894	Globes	2025-07-10 19:38:00 2025-07-23 02:44:48	word
3214865	有图 <p> In Jerusalem, the number of new apartments purchased in March-May 2025 fell almost 60%, in Tel Aviv more than 50%, while most new apartments were sold in Ofakim. <p>Ofakim leads in sales of new apartments in Israel. The real estate significance of this is that on the eve of the outbreak of war with Iran, the real estate market, new apartments in particular, was in deep crisis.</p><p>In Jerusalem, the number of new apartments purchased in March-May 2025 fell almost 60%, in Tel Aviv more than 50%, and Beersheva did not even make the table. The supply of apartments continues to break records and has already reached 81,000 housing units, which is over a year of building starts, the Central Bureau of Statistics reports.</p><p>There is no data yet from June, the month in which the 12-day war between Israel and Iran raged, but from the months before it, it is clear how weakened the real estate market was going into the war. 6,820 deals were carried out in May, down 20% from May 2024 and up 4% from April, in which Passover fell. Usually, the months after Passover see a major rise in the number of deals, due to deals postponed from the holiday, but this year this did not happen.</p><p>Ofakim was the leading city in terms of new apartment sales. 532 apartments were sold there between March and May 2025, down 21% from the previous three months (December 2024-February 2025). Between December 2024 and February 2025, such a number would have put Ofakim fourth.</p><p>Low point in Tel Aviv and Jerusalem</p><p>Despite the decline, Ofakim leads the table because Tel Aviv and Jerusalem suffered a severe slump in sales in these three months. In Tel Aviv, sales of new apartments fell by 51% to only 461, which was still enough to put it in second place, while Jerusalem, where sales fell 59%, was fifth with 358 new apartments sold. Ashdod was third, with 461 apartments sold, and Lod was fourth with 392 apartments sold.</p><p>Overall including all apartments, the leaders in the real estate market in Israel are the big cities: Jerusalem, 1,218 apartments were sold between March and May, Tel Aviv, where 1,074 apartments were sold, Haifa, where 1,042 apartments were sold, and Beersheva, where about 900 apartments were sold. The data show that the southern city has been completely ousted from the top of new apartment sales - further evidence of the market"s slump, and probably one that strengthens the claim of Beersheva Mayor Rubik Danilovich that Ofakim, whose residents enjoy tax benefits, is "stealing" residents from Beersheva, who prefer to purchase apartments in the nearby small city, which are slightly cheaper but offer significant benefits to households.</p><p>In total 21,800 homes sold</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1700646669/direct/shutterstock_2267349237_cmpaka.jpg" rel="noopener noreferrer"> Sharp fall in new home sales after restrictions imposed </p> <p> Despite war, mortgage taking high in June </p><p>Looking at the total market, in the three months from March to May, 21,800 apartments were sold, down almost 25% from the previous three months, and down 14% from the corresponding period in 2024. The main declines were recorded in new apartments, down 365 from the previous three months and down 28% from March-May 2024. The main declines in the sale of new apartments were recorded in Tel Aviv (down 44%), Haifa (48%) and Jerusalem (44%). In the second-hand apartment market, the declines were much more moderate, totaling 14%.</p><p>All of this directly affects the supply of new apartments, which continues to break records, and in May it reached 81,000. To get rid of this inventory, developers will need 30 months, according to the current pace of purchases. This is a pace three times slower than 4 years ago, when the market was at its peak.</p><p>Tel Aviv continues to lead the supply of apartments with 10,140 new apartments for sale in the city, followed by Jerusalem with 7,774 apartments, Bat Yam with 4,405 apartments and Netanya with 3,699 apartments.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 14, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Israel's new homes sales reflect crisis in market - Globes	查看 4395	Globes	2025-07-14 20:18:00 2025-07-23 02:44:48	word
3214864	有图 <p> Tel Aviv-Yafo Municipality is selling the apartment of the late Mania Bialik, wife of national poet Hayim Nahman Bialik. <p>Tel Aviv-Yafo Municipality is selling the apartment of the late Mania Bialik, wife of national poet Hayim Nahman Bialik. The apartment is up for sale at a minimum price of NIS 12.5 million plus VAT (NIS 14.75 million). Such an amount reflects the most expensive price per square meter being asked for by sellers anywhere in the city.</p><p>The apartment is at 3 Melchett Street in the heart of the city, between Rothschild Boulevard and Allenby Street. It is a 145 square meter, four-room apartment, with a 30 square meter balcony and an eight square meter balcony, a storage room and parking in the building. The municipality, according to the auction brochure, has lease rights for the apartment for 999 years.</p><p>The threshold conditions included in the auction brochure say, "The financial offer of the auction participant will not be less than NIS 12,500,000, plus VAT as applicable. A bid that is lower than this amount will be rejected."</p><p>The minimum price is at least NIS 76,220 per square meter, similar to prices in the newest and most prestigious construction projects in the Sde Dov district, which is currently being built in the north of the city.</p><p>"We can certainly assume that there will be great interest in this auction," a real estate source tells "Globes," "but the minimum price that has been set is far above the real price of the apartment. With optimal planning, it could perhaps "scrape" this value from below, but in its current state, these are not its price levels in my opinion."</p><p>The auction was published by the municipality in recent days, and will remain open for bids until September 14.</p><p>"All the elements in the building have been restored to their originals"</p><p>The building in Melchett Street was built in the 1930s and is considered a Bauhaus classic and such is subject to a preservation order by the municipality. Rothstein Real Estate unit City People Urban Renewal renovated the building as part of a TAMA 38/1 urban renewal and earthquake strengthening project. The original building had six apartments on three floors with three more floors added with one apartment on each floor. A 273 square meter duplex on one of the new upper floors with a 127 square meter balcony was sold several years ago for NIS 25 million, reflecting NIS 74,300 per square meter. Slightly lower than the price now being asked by the municipality for the Bialik apartment.</p><p>City People Urban Renewal CEO and owner Ron Chen says, "This was a complicated project with very high construction costs, even by today"s terms, of around NIS 20,000 per square meter. Construction was completed 3-4 years ago, during which we raised the building in order to build a robotic parking lot. We carried out meticulous conservation work, in which all the elements of the building were restored to their original level. For example, the railing on the balcony in the famous photo of the late Mania Bialik was also restored to the same model and type.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1748162409/direct/%D7%A4%D7%A8%D7%95%D7%99%D7%A7%D7%98_HAGADA_%D7%A9%D7%9C_%D7%97%D7%91%D7%A8%D7%AA_%D7%A4%D7%A8%D7%A9%D7%A7%D7%95%D7%91%D7%A1%D7%A7%D7%99_%D7%A6%D7%99%D7%9C%D7%95%D7%9D_%D7%94%D7%93%D7%9E%D7%99%D7%94_%D7%A1%D7%A0%D7%90%D7%A4%D7%A9%D7%95%D7%98_%D7%9B%D7%94%D7%9F_dklodh.jpg" rel="noopener noreferrer"> Tel Aviv penthouse by Yarkon Park sold for NIS 24m </p> <p> Tel Aviv Park Bavli penthouse sells for NIS 43m </p> <p> US friends buy six Jerusalem apartments for NIS 30m </p> <p> Jerusalem records Israel"s most expensive housing deals </p><p>"This is a project in an excellent location, in the heart of Tel Aviv, where all the apartments are large apartments, 100 square meters or more in size. It took us a very long time to implement it, because of its complexity, and during this time, we can assume that the apartment in question was greatly improved."</p><p>The municipality had already sought to sell in 2009</p><p>The late Mania Bialik ordered before her death that her apartment be bequeathed for public use. For years, it housed a library and then a museum - the Theater Collection named after the late Yehuda Gabbay. A few years ago, the museum was vacated, and in 2009 it was announced that the municipality wanted to sell the apartment.</p><p>The request to sell the apartment itself was the focus of some controversy, as the late Mania Bialik had supposedly designated the apartment for public use only. In the past, the municipality addressed this and stated that there was no obstacle to selling the apartment. It should be noted that after the museum vacated the apartment, the municipality established the Woman"s House named after Mania Bialik, which is located behind the Beit Bialik complex, at 22 Bialik Street in Tel Aviv.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 15, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Mania Bialik's Tel Aviv apartment up for sale for NIS 14.75m - Globes	查看 5357	Globes	2025-07-15 18:09:39 2025-07-23 02:44:48	word
3214863	无图 <p> The Real Estate Appraisers Association has launched a mechanism for estimating construction costs by region and building type. <p>Constructing a building in central Tel Aviv costs twice as much as in the Negev, 50% more than in Ramat Gan and Givatayim, and 25% more than in Tel Aviv neighborhoods north of the Yarkon. The figures emerge from a new product launched by the Real Estate Appraisers Association in Israel today, designed to provide estimates of construction costs by geographical area and type of building. The Association explains that the estimates are intended as a tool to serve planning authorities, banks, finance companies, and developers.</p><p>The Association says that large gaps in the pricing of construction per meter had emerged between its members and planning committees, and that these had widened in the wake of the war. The differences in estimates of construction costs have in many cases led to projects becoming economically unviable, or being delayed, precisely at a time when there is an understanding of the need to boost new construction, and that construction of protected spaces is required throughout the country.</p><p>Nehama Bogin, chairperson of the Real Estate Appraisers Association in Israel, said: "The Association, as a professional, objective, and credible body, took upon itself to create an up-to-date pricing mechanism that will serve the relevant parties, reduce disputes, and lead to significantly shorter planning processes and improve planning certainty for vacate-and-build projects throughout the country."</p><p>The Association divided the country into fourteen regions, and buildings into three categories: low buildings (up to 9 meters high); high buildings (9-27 meters high); and multi-floor buildings (above 27 meters). Each region is also assigned a price list for constructing underground parking. The building costs are estimated per built square meter, but comprise direct costs only, and not elements such as design and consultancy, project management, fees and levies, and finance costs. The prices listed do not include VAT.</p><p>The lowest construction costs are in the Samaria region, ranging from NIS 5,000 per square meter for low buildings to NIS 5,400 for multi-floor buildings. The most expensive location is central Tel Aviv, where construction costs per square meter range from NIS 10,400 for low buildings to as much as NIS 12,000 for multi-floor buildings.</p><p>It was found that differences between parts of Gush Dan, and even within Tel Aviv, can be wide. For example, construction costs per square meter in Tel Aviv north of the Yarkon range from NIS 8,100 for low buildings to NIS 10,500 for multi-floor buildings. In south and east Tel Aviv, the range is NIS 7,500 to NIS 8,900.</p><p>Outside of Tel Aviv, costs fall further, to NIS 6,700-7,400 per square meter in Herzliya and Ramat Hasharon, and NIS 6,400-7,900 in Ramat Gan and Givatayim. The large gaps between Tel Aviv and neighboring cities could be part of the explanation for the gaps in apartment prices between these places.</p><p>The Association says that the estimates were compiled by twenty of the leading financial consultancies in Israel. Data were gathered from the past year, including from regular construction supervisors’ reports, that show actual costs, rather than relying on agreements only. The differences between regions are partly explicable by regulatory constraints, costs of transporting materials, manpower costs, different work times, and other factors.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 17, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Construction costs in Tel Aviv double those in periphery - Globes	查看 3761	Globes	2025-07-18 01:53:00 2025-07-23 02:44:48	word
3214862	有图 <p> Estimates are that the US investment bank has increased the investment in the enterprise browser security company by $30-40 million. <p>US investment bank J.P. Morgan has a joined as a strategic investor in the Series E investment round of Israeli enterprise browser security company Island, which was announced in March 2025.</p><p>In the financing round Island raised $250 million at a company valuation of $5 billion, which was led by Coatue Management. Estimates are that the bank has increased the investment by $30-40 million.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1742978174/direct/%D7%9E%D7%99%D7%99%D7%A7_%D7%A4%D7%99%D7%99_%D7%95%D7%93%D7%9F_%D7%90%D7%9E%D7%99%D7%92%D7%94_%D7%9E%D7%99%D7%99%D7%A1%D7%93%D7%99_%D7%90%D7%99%D7%99%D7%9C%D7%A0%D7%93._%D7%A7%D7%A8%D7%93%D7%99%D7%98_-_Antonio_Delucci_mw6vba.jpg" rel="noopener noreferrer"> Browser security co Island raises $250m at $5b valuation </p><p>J.P. Morgan, one of the world"s largest institutional players, is investing along with other prominent investors, including Sequoia, Insight Partners and Gili Raanan"s Cyberstarts. Since it was founded, Island has raised about $730 million.</p><p>Dedicated enterprise browser</p><p>Island has developed a dedicated enterprise browser, which replaces the regular browsers that employees use, such as Chrome, and essentially allows full control over what happens within the digital work environment. Using the browser, organizations can securely manage access of employees, suppliers and guests to internal systems, and track the data that enters and exits. The product also includes tools for managing data systems and improving work efficiency.</p><p>According to Island, its browser is currently installed in more than 450 organizations around the world, including eight of the largest banks in the US, along with hospitals, airlines, retail chains and more.</p><p>Island currently operates from Tel Aviv and Dallas, with about 500 employees, of which about 200 are in the development center in Israel. The company was founded in 2020 by former Symantec CEO Mike Fey and Israeli serial entrepreneur Dan Amiga.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 14, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> J.P. Morgan invests in Island at $5b valuation - Globes	查看 2469	Globes	2025-07-14 22:12:44 2025-07-23 02:44:48	word
3214861	有图 <p> The company has developed underground scanning systems for construction and infrastructure companies, based on technology developed by officers from IDF intelligence units. <p>Israeli startup Exodigo, which develops underground scanning systems for construction and infrastructure companies, based on technology developed by officers from IDF intelligence units 8200 and 81, has raised $96 million at an estimated company valuation of $600-700 million. As part of the round, investors are buying shares from veteran employees and the founders for $10-15 million in cash in a "secondary" deal. The company declined to comment on its valuation and secondary round, and only published the fundraising figures, but it represents a doubling of the company"s valuation compared with the previous round two years ago.</p><p>In an unusual move that is not common in the venture capital industry, the round is being led by existing investors: Oren Zeev"s Zeev Ventures, a fund that also includes Peter Thiel, one of the founders of PayPal, Palantir and the first investor in Meta, and the Israeli-US fund Greenfield, founded by Shai Greenfield and Yehuda Doron. Zeev has led the fundraising rounds since the seed round, and this is his third time leading the round, this time alongside Greenfield, which also led the previous Series A round.</p><p>Other existing investors participating in the round are Assaf Jacobi"s Jibe Ventures, Israel"s 10D, and Australia"s Square Peg, some of whom were seed investors in the company, and new investors Alan Feld"s Vintage Investment Partners and LeBlon Capital, a German venture capital fund that has invested in Israeli defense-tech companies, including Kela. The company aimed for an $85 million round, with investors willing to invest $150 million signing up, but ultimately the round closed at $96 million. US venture capital funds are conspicuous by their absence, and it is possible that they will lead the next round.</p><p>The round has been completed in the wake of a technological and business leap by Exodigo The company, which has developed a multi-sensor system and tools for scanning underground and decoding in the cloud, provides on demand field service has found a new way to make its service grow quickly by renting equipment to contracting companies throughout the US. This way, the company does not need to perform the service itself and can sign more deals. However, the product is not yet ready for rental for self-use and Exodigo is still required to provide training. The new round will allow the company to develop a kit that includes a trolley, drone and additional sensors with which companies can perform the work themselves. The second milestone that led to the financing round is the significant expansion in the US, an achievement over the past 18 months, after being active mainly in Israel when the previous round was completed.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1713171815/direct/%D7%90%D7%A7%D7%A1%D7%95%D7%93%D7%99%D7%92%D7%95_%D7%A6%D7%95%D7%95%D7%AA_2024_-_%D7%90%D7%99%D7%99%D7%9C_%D7%98%D7%95%D7%90%D7%92_x96aci.jpg" rel="noopener noreferrer"> "There are always surprises underground" </p> <p> "Globes"" ten most promising startup of 2024 </p> <p> Israeli underground mapping co Exodigo raises $75m </p><p>Exodigo, which was ranked first on Globes" list of ten most promising startups last year, has developed a system that scans and maps the subsoil at construction sites for housing, offices, or transport, gas, telecom and electricity infrastructure. A real estate developer or a railway company can save millions of dollars and months of delay by properly mapping the land on or beneath which it intends to build, pave a road, or railroad: Often, an electrical cable, water, or gas pipe that was not drawn on the original map can delay construction projects and make them significantly more expensive, and sometimes even lead to a lawsuit against the developer. Exodigo recently launched a new product - geophysical scanning of subsoil layers - the ability to identify clay, rock, or groundwater, information that can provide broader engineering options for the client.</p><p>The company"s two products - underground pipeline identification and geophysical identification - prepare the ground - literally - for a smart recommendation system that can extract insights from the scanner and present them to the client.</p><p>Exodigo cofounder and CEO Jeremy Suard says, "It"s not enough for the construction company to realize that it has a gas pipeline that wasn"t on the original maps under its construction plan, and it needs to move it. It basically needs a moving plan and using AI, we will help it with recommendations taking into account the excavation rate and the terrain." This model of hourly or project-based advice, combined with an AI product that provides recommendations for action, reminds many of Palantir and provides investors with an insight into the company"s future business model.</p><p>Exodigo"s services are not cheap. A contract can cost several hundred thousand dollars, but the savings in delays and legal processes discourages developers from taking the gamble of starting construction without adequate underground mapping. According to estimates, the company"s annual revenue is $20-30 million, and by the end of the year it plans to sign agreements worth $100 million spread over several years. The company benefits from government clients - infrastructure and transport companies - some of whom are repeat customers.</p><p>Suard adds, "Exodigo has set a new global standard for 3D underground intelligence. Since launching, we’ve worked closely with industry leaders to transition from the status quo of missing up to 50 percent of underground utilities to 99 percent accuracy without any digging. Our team has driven tremendous growth in just a few short years and we see unlimited potential for the expansion of our underground mapping innovations as leaders around the globe push to understand the underground and embrace AI to drive a new era of safety and efficiency."</p><p>Zeev Ventures founding partner Oren Zeev says, "Exodigo is leveraging AI technologies in geophysics to solve subsurface mapping challenges in a market estimated at $500 billion. An accurate picture of what is happening below the surface could save tens of billions of dollars in a variety of industries experiencing growth momentum around the world. The company"s leaders are global pioneers in AI and multi-sensing underground intelligence, who have created a completely new market and is driving unprecedented growth with infinite opportunities for expansion across underground investigation applications."</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 16, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Israeli underground mapping co Exodigo raises $96m - Globes	查看 7113	Globes	2025-07-16 20:00:00 2025-07-23 02:44:48	word
3214860	有图 <p> The rise in the number of jobseekers in the technology sector is largest among experienced, mid-level workers in what were once secure roles. <p>According to new report released by the Employment Service today, there were 14,961 jobseekers in Israel’s technology industry in April. The figure is not surprising; it represents the continuation of a trend that has become steadily worse since 2022, when the technology labor market experienced an exceptional boom.</p><p>The current figure is double the figure for job seekers in the sector in January 2019, when it was 7,058, and is 21% higher than the figure in September 2023, just before the outbreak of the Swords of Iron war, which was 12,355.</p><p>The rise in the number of unemployed people in the technology sector comes in a period in which the general labor market in Israel has been steadily recovering, and the overall unemployment rate has been falling. The report also shows that the rise in unemployment in technology is not limited to peripheral jobs in the sector or to people at the start of their careers, but is affecting the core of the industry. Growing numbers of developers, analysts, data experts, network specialists, and systems managers, roles that in the past were considered stable, are finding themselves without work.</p><p>The report also shows that the number of jobseekers in the technology sector as a proportion of all jobseekers reached 11% in April, an exceptionally high level that indicates deep change, not just in the number of layoffs but also in the profile of those laid off: more workers with experience, training, and advanced technological education, who are not necessarily managing to find new jobs.</p><p>Hit to veteran workers</p><p>The data indicate that those hardest hit are people in mid-career, aged 36-45. The Employment Service says that it could be that some junior workers do not appear in the statistics because they are not entitled to unemployment benefit, but even so, the rise in unemployment is most prominent among experienced workers whose jobs used to be considered safe.</p><p>Analysis of salary levels tends to confirm the picture. The average salary of technology job seekers has risen by 39% since the start of 2022, which is a steeper rise than the general rise in pay of workers in the sector in the same period, which was 24%.</p><p>It would normally be expected that among the jobseekers there would be a high proportion of starters or people on low pay, but the current statistics indicate the opposite. According to the report, the rise in the average salary of the jobseekers stems from the fact that it is mid-level employees, that is, experienced workers whose pay is not low but is also not the highest in the industry, who are being laid off most. The proportion of jobseekers earning NIS 25,600 to NIS 43,800 monthly shot up from just 15% in August 2022 to 40% in April 2025.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1625669431/direct/shutterstock_450970201_zxn0mw.jpg" rel="noopener noreferrer"> Jobs scarce for juniors in Israel"s tech industry </p> <p> What"s really happening in Israel"s tech job market? </p><p>The numbers are based on salary declarations of jobseekers registered with the Employment Service. They provide an insight not just into their personal situations, but also into the changing structure of the technology labor market.</p><p>The report finds that the rise in the number of technology jobseekers applies countrywide, but is most prominent in areas where the technology industry is concentrated, in Tel Aviv and the center of the country, where the number has risen by over 200% since 2019. There is also variation among sections of the population. Among haredi Jews, the number of unemployed technology workers has risen sharply, while the proportion of Arabs is actually falling, even though their number has risen slightly in absolute terms.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 13, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Tech layoffs affecting industry's core - Globes	查看 4288	Globes	2025-07-13 16:00:00 2025-07-23 02:44:48	word
3214859	有图 <p> Bezeq mobile telephony unit Pelephone has submitted the offer to Patrick Drahi"s Altice International, which owns Hot. <p>Bezeq Israel Telecommunications Company Ltd. (TASE:BZEQ) mobile unit Pelephone has notified the Tel Aviv Stock Exchange (TASE) that it has filed an offer to Altice International, owned by Patrick Drahi, to buy Hot Mobile for NIS 2 billion.</p><p>Bezeq says that the document of intent includes a non-binding initial business outline, and if a binding agreement is signed at the end of the process, its implementation will be subject to regulatory approvals - including from the Ministry of Communications and the Israel Competition Authority Commissioner. It has previously been reported that Drahi is looking for a buyer for the company.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1735734616/direct/WhatsApp_Image_2025-01-01_at_14.17.45_92a0abc8_pnt04x.jpg" rel="noopener noreferrer"> Cellcom sells stake in fiber optic cable co IBC </p><p>Pelephone, led by CEO Ilan Sigal, is part of the Bezeq Group and a sister company to Yes, has about 2.6 million subscribers, of which more than 1.5 million are on 5G - it was the first to operate an independent 5G network. Pelephone"s biggest rival is Cellcom, which has about 3.5 million subscribers, and which last November itself led a move to cooperate with Hot - but in the television field. Two companies requested an exemption from a restrictive arrangement for this purpose, and last month the Competition Authority Commissioner issued letters to Cellcom and Hot, referring to possible harm to competition in the Internet television market.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 15, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Pelephone offers NIS 2b for Hot Mobile - Globes	查看 1955	Globes	2025-07-16 01:39:00 2025-07-23 02:44:48	word
3214858	无图 <p> The fund has signed an MOU to sell telecommunications infrastructure company Exelera to Bezeq. <p>Last Monday, just before the end of trading, Aluma Infrastructure Fund (TASE: ALUMA) sprung a surprise when it announced the signing of an MOU for the sale of telecommunications infrastructure company Exelera, in which it has an 81.6% stake, to Bezeq (TASE: BEZQ), for $160 million.</p><p>If the deal is completed as planned, Aluma will receive $131 million (NIS 440 million), more than double its investment in the company. This is a first, and successful exit for Aluma, and investors were apparently pleased, sending its share price up 30% on the day. Even beforehand, trading in Aluma was positive. It has more than tripled its market cap in the past year, although it is still below the valuation at which it was floated in 2021.</p><p>Exelera provides telecommunications services via a fiber-optic undersea cable, and operates a data center. In Aluma’s financial statements, the company is described as its main core holding (the investment is recorded at a fair value of NIS 363 million). "This is our job: to enhance companies, sell them, and invest in new companies," Aluma chairperson and co-founder Ori Yogev told "Globes." "We’ll receive the cash, distribute a dividend to our shareholders, and make new investments."</p><p>Aluma was founded five years ago. It currently has four companies in its portfolio: Exelera, Tibar Communication Towers, energy efficiency company Esco Israel, and environment and waste treatment company Chen Hamakom.</p><p>The fund bought its shares in Exelera (formerly Tamares Telecom) from Poju Zabludowicz in 2021 and 2023 for cash and shares. The transactions made Zabludowicz the largest shareholder in Aluma, with a 20% stake.</p><p>Apart from Yogev, who in the past served as director of the Government Companies Authority and head of the Budgets Division of the Ministry of Finance, Aluma is led by another founder, Muli Ravina, and CEO Yair Hirsh. Ravina, who chairs the fund’s investment committee, says that Aluma will continue to seek new investments in its three areas of specialization: digital communications and telecommunications infrastructure; green energy, with an emphasis on energy efficiency; and environment, with an emphasis on waste disposal.</p><p>"We don’t rule out entering other sectors in this category, as long as he company is in a growing sector with a track record, profitable, and with the potential to exceed the growth rate of the sector " says Ravina. Aluma explains the negative cumulative return in its financial statements on its investment in Chen Hamakom as resulting from problematic timing of its entry into the sector, in which it still believes.</p><p>Yogev points out that Exelera was acquired when it had annual sales of $12 million and was making losses, whereas its annual sales are now $30 million, and it is profitable. "This is the business model - to find investments that are not very large, that are sufficiently mature and profitable, or nearly profitable, to identify the potential, and to grow."</p><p>Bezeq already has an undersea cable, through Bezeq International, one of three that connect Israel to Europe. Aluma is not, however, concerned that the deal will be ruled out because of competition considerations. "We checked with restraint of trade experts, who said that it would probably be approved, perhaps with conditions," says Yogev. "We wouldn’t have gone into the deal had we not thought that it would be approved."</p><p>In recent years, telecommunications cables have been in the headlines because of deliberate damage to cables in Europe in connection with the Russia-Ukraine war. "The mirror image of that is that part of the potential in Exelera lies in its combination of an undersea cable between Europe and Israel and extensions to it that will mostly be land cables. It thus represents an alternative to cables that go through the Suez Canal, the failure being that all the telecommunications cables go through there."</p><p>Yogev: "Today, 95% of the communications traffic between Europe and Asia goes via Suez, and for years there has been talk of the need for an additional traffic corridor. The most logical is via Israel."</p><p>Hirsh: "Today, Exelera is a telecommunications group. When we met the company more than four years ago, it had one main asset, which was the fiber-optic cable between Israel and Cyprus, and a small landing station at Tirat Hacarmel, which is the cable’s starting point. Today, the situation is different. We have grown and strengthened the core business, bought a share in a fiber-optic cable that expands the reach, from Cyprus to Europe, and bought a data center in Cyprus.</p><p>"The landing station at Tirat Hacarmel, which was 80 square meters in size, is now a 1,500 square meter server farm. Customers who receive services on the cable also buy storage services, and we’re talking about the biggest players: Amazon, Google, Microsoft, Facebook."</p><p>As mentioned, Aluma believes in the possibility of connecting Europe and Asia by means of telecommunications cables that go via Israel, which means connecting them to other countries in the Middle East, not all of which have ties with Israel, Saudi Arabia being one example.</p><p>"At the practical level, not only we, but many Israeli businesses have fruitful and good business connections with countries with which Israel does not have formal diplomatic relations," says Ravina. "The Saudis also need telecommunications services, which are at the core of any business. It would be very helpful if there were formal agreements that would make it possible to put the relationships on the table, but when it comes down to it, there are significant business relations with players who do not wish to be revealed in current geopolitical circumstances."</p><p>Connection to the state sector</p><p>Yogev: "We realized pretty quickly that the area most suitable for our skills is business development, buying infrastructure companies that are growing faster than the sector, getting involved extensively in the business, enhancing it, and expanding the companies. Most other investors in infrastructure - financial institutions and other funds - compete on our playing field, but more in infrastructure in the sense of toll roads, power stations, and desalination plants.</p><p>"We thought that the place where would know how to enhance value for investors would be telecommunications, green energy, and waste disposal, and the emerging exit of Exelera reflects that well."</p><p>Hirsh, formerly director general of the Ministry of the Interior, mentions the connection to government. "In the end, the private sector speaks a different language from the government, and sometimes doesn’t how to expand activity in that area. Our backgrounds combine the private and public sectors, which makes it easier for us to expand the companies in these fields with the government and local authorities. We have a deep understanding of regulation and government."</p><p>As an example of this, he mentions Esco, which was bought from Tadiran for NIS 67.5 million. The company won a contract with the Ministry of Health for energy efficiency work in government hospitals, for which it receives part of the saving in energy costs.</p><p>Yogev: "To deal with a government tender, to know the constraints on the government, the officials, and the consultants, to be capable of going through long processes and demonstrating to the state that it really is saving electricity and money - those are some of the capabilities that we offer. They also dramatically assisted the company in developing good relations of trust with the Ministry of Health. You have to remember that where there’s infrastructure, there are regulators, and if you don’t have an understanding of that, you earn less."</p><p>To what extent has the war affected you?</p><p>Hirsh: "The tough two years that the country has been through have not had an impact on the fund’s companies. We see powerfulness, strength, and stability, and even development despite the war, in part thanks to the dedication of the employees. In the hospitals project, employees actually worked under fire."</p><p>There are other funds and financial bodies that invest in infrastructure. What’s your advantage?</p><p>Ravina: "We’re not wizards who can spot all the opportunities, but the model of involvement and the ability to bring to bear the experience of each one of us - finance, global expansion, business development, and interface with municipal and government officialdom - that’s the advantage we bring to the table. We don’t have exclusivity on these things, but we assure the companies and the investors that we have come to work hard and to bring results."</p><p>Skeptical investors</p><p>Aluma recently recycled debt when it raised NIS 122 million in a bond offering at 6.56% annual interest, and redeemed a bond series from 2022 the balance of which was NIS 78.5 million and which bore annual interest of 8.25%. As mentioned, the fund’s share price has risen sharply in the past year, outperforming the other listed infrastructure funds - Generation and Keystone - but it is still traded at below its flotation valuation.</p><p>Do investors not understand or connect to Aluma’s model?</p><p>Ravina: "We’re aware of the criticism levelled at infrastructure investment funds. Sometimes, investment institutions don’t like the way the funds revalue their holdings, and there was the real estate investment trust benefit which would never have been realized without legislation.</p><p>"Like the other funds, we have taken criticism that is partly unjustified. Today, we say to investors ‘We’ve done what we said we’d do.’ We said that we wouldn’t dilute them at unreasonable prices, that we would improve our holdings and grow them not just through valuations but in actual exits, and that is what’s happening. That puts us, and our sector, on a path that can rebuild some of the lost confidence."</p><p>Yogev: "In the past, investors were skeptical, but they have seen that sales and EBITDA at our companies have grown, and now there’s also an exit. Our market cap is still considerably lower than our shareholders’ equity (NIS 440 million at the end of the first quarter, S. H-B.), which will grow after the Bezeq deal. Our job is to continue to give proof to investors."</p><p>In your view, how will the Israeli economy look in the next few years, and what significance does that have for your activity?</p><p>Yogev: "In Israel’s case, every infrastructure segment will grow in any economic situation, because the population is growing and the standard of living is rising, and that won’t stop. If there’s quiet here, then growth will certainly be even higher."</p><p>Ravina: "The potential of the Middle East to resume its historical role since time immemorial, as a crossroads linking east and west, is very real in my view, because it’s in the interests of all concerned - the countries of the region, the US and the powers - and then Israel could prosper as never before."</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 20, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Aluma Infrastructure Fund makes $160m first exit - Globes	查看 11360	Globes	2025-07-20 21:21:00 2025-07-23 02:44:48	word
3214857	有图 <p> Market sources believe Dina Ben-Tal Ganancia has offers to become CEO of a foreign airline. <p>El Al Israel Airlines Ltd. (TASE:ELAL) CEO Dina Ben-Tal Ganancia unexpectedly announced yesterday that she is stepping down before the end of the year. Ben-Tal Ganancia was appointed CEO three years ago during which period she has been highly successful for the company, its shareholders and herself, for which she has been well rewarded.</p><p>Although El Al"s share price has been falling over the past month, it has risen 160% over the past year and has a market cap of NIS 6.4 billion.</p><p>It is not yet known what Ben-Tal Ganacia"s next position will be and it is possible that the 50 year old CEO has already received offers, with the market betting on management of a foreign airline operating in Israel. As for the identity of El Al"s next CEO, the company"s board of directors will soon begin considering candidates for the position that will become vacant at the end of the year.</p><p>The big achievement: agreements with the company"s employees</p><p>Ben-Tal Ganancia was appointed CEO in April 2022, becoming the first woman to head the airline. She rose through the ranks at El Al, after 14 years at the company, previously serving as VP commercial and industry affairs and director of revenue management.</p><p>She took over as CEO during an especially challenging period. El Al had not yet recovered from the Covid pandemic, which had left it on the brink of collapse. During the two years prior to her appointment, the company recorded cumulative losses of almost $1 billion, reduced its fleet of aircraft, cut its workforce, and required financial support from the state and from the person who became the company"s controlling shareholder - businessman Kenny Rosenberg.</p><p>Since Ben-Tal Ganancia assumed office in May 2022, El Al has seen a sharp recovery in business, especially after the outbreak of the war, which left the Israeli carrier almost without competition on many routes to and from Israel. This dominance translated into soaring airfares and record revenue and profits. In total, the cumulative net profit that El Al has achieved under Ben-Tal Ganancia"s management to date, in just under three years, stands at NIS 2.8 billion. At the same time, the company"s stock has jumped by over 300%.</p><p>During Ben-Tal Gnancia"s first year in office, El Al faced a labor dispute over the Covid agreements with the state, which reduced pilots" wages and affected employment conditions. The dispute led to flight cancellations and an appeal to the Labor Court, but ended with a gradual wage agreement that restored pilots" wages to their previous level by January 2023, and ensured industrial peace.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1711286014/direct/shutterstock_1334302049_e3o5jo.jpg" rel="noopener noreferrer"> El Al seeks to avoid compensating stranded passengers </p> <p> El Al to begin rescue flights for stranded Israelis </p> <p> El Al revenue and profit keep climbing </p><p>In less than a year, Ben-Tal Ganancia settled labor relations at El Al, leading to the signing of agreements with the workers committees of the flight stewards, maintenance and engineering staff, and administrative employees, as well as the new wage agreement with the pilots, after a long crisis that culminated in the cancellation of more than 100 flights, many at the last minute.</p><p>Record profits during the war</p><p>In October 2023, the war broke out, disrupting scheduled flights to Israel. While many foreign airlines suspended services to Tel Aviv, El Al continued to operate flights as well as rescue flights for Israelis stranded abroad. The sharp increase in demand for the company"s flights also led to a significant increase in airfares which led to harsh public criticism that it was taking advantage of a state of emergency.</p><p>Due to lack of competition, El Al recorded the strongest year in its history in 2024 - a net profit of $541 million - five times the profit in 2023 (which was also an excellent year). But it also had to deal with a tarnished image that developed following its business success and public criticism of its high fares. The company published its price ranges for tickets in economy class by destination - an unusual move - designed to reduce public criticism and explain the pricing policy used in the aviation industry.</p><p>The first quarter of 2025 was also excellent for El Al. The company ended the first three months of the year with net profit of $93 million, up 17% from the corresponding quarter. El Al"s market share at Ben Gurion Airport in the first quarter was 44% of all flights, while on profitable routes to North America it was over 90%.</p><p>As for the second quarter, the company is expected to be affected by the 12 days of the Iran operation when Israeli airspace was closed. El Al was then mobilized for rescue flights for Israelis stranded abroad. Following the successful military operation, airspace has reopened, and competition is expected to return to Ben Gurion Airport. All of this seems to have led to a negative trend in the airline"s share price, which recently lost over 10% of its value from its peak.</p><p>Over NIS 20 million remuneration</p><p>Ben-Tal Ganancia"s remuneration has amounted to NIS 15 million over three years with her share options bringing this to a total of over NIS 20 million. In 2024 her salary was NIS 6.5 million, about half of which was a bonus from profits and the rest was salary and stock-based compensation. Ben-Tal Genancia"s bonus is 2% of the company"s profits, but it is limited to NIS 3 million per year. Without the limit, the bonus would have been NIS 36 million last year.</p><p>In January 2025, institutional shareholders at El Al thwarted a significant salary increase for Ben-Tal Genancia (a 25% salary increase) and the granting of options worth over NIS 10 million at an exercise price that was already "in the money" at the time.</p><p>At that time, there was criticism behind the scenes about the generous compensation offered to the CEO, as well as to the company"s chairman, Amikam Ben-Zvi. El Al, in the view of some institutional investors, enjoyed a sharp increase in its net profit due to exceptional circumstances resulting from the closure of the skies during the war.</p><p>In place of the options, which were canceled for the CEO, El Al compensated her and the chairman with a "special bonus for 2024." The bonus was equivalent to four monthly salaries, "Due to the unusual activity and special effort of the office holders in 2024." In December about three years ago, Ben-Tal Genencia was granted options for El Al shares. In March of this year, she exercised half of them for NIS 5.3 million (less their exercise price). She still has options worth about NIS 5.4 million at the current exercise price.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 14, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> El Al CEO to depart with NIS 20m in pocket - Globes	查看 7272	Globes	2025-07-14 23:13:00 2025-07-23 02:44:48	word
3214856	无图 <p> The decision expresses a lack of confidence in the ability to plan Israel operations, and leaves some high-demand destinations exclusively to the Israeli airlines. <p>British low-cost airline easyJet announced today that it would extend the suspension of its Israel flights to the end of the winter season, and would renew them only towards the summer of 2026. This is the longest period of suspension by a foreign airline since the start of the war with Iran. According to the announcement, the decision was made with the aim of proving certainty to customers.</p><p>The move is dramatic, but unsurprising, given the airline’s conduct since the start of the fighting in the region. easyJet cancelled its flights to Israel in 2023, and since then has repeatedly extended the period of cancellation, without any interval of renewed activity.</p><p>The company’s extension of the cancellation of its flights comes after several foreign airlines have brought forward the resumption of their Israel operations, among them United Airlines, Wizz Air, and the Lufthansa Group. This week, Aegean and Air Europa also returned to flying to Israel.</p><p>Vote of no confidence in Israel</p><p>easyJet had planned to return to Israel in early June, but following the hit by a Houthi missile on Ben Gurion Airport its return was postponed to the end of July. Then came Operation Rising Lion., the twelve-day war with Iran, and the airline postponed its return until the end of October.</p><p>Now the airline has announced a further postponement until the end of the winter, signaling that it does not intend to resume its Israel operations before the Spring of 2026, at the earliest, thus expressing a lack of confidence in the ability to plan activity in Israel in advance.</p><p>The destinations to which easyJet originally planned to operate include London (Luton Airport), Amsterdam, Berlin, Basel, Geneva, and Milan. Its cancellation leaves the Israeli airlines as exclusive operators on high-demand routes. At present, it is possible to fly from Israel to Amsterdam only with El Al and Arkia; to Berlin with El Al and Israir; to London, following the cancellation of flights by British Airways until the end of October, with El Al and Arkia only, although Wizz Air is due to join them at the end of this month.</p><p>Milan will be reachable with all three main Israeli airlines, thanks to Israir’s addition of the route for August. The routes to Basel and Geneva also remain the exclusive province of the Israeli airlines. The airlines say that demand is sky-high. There are almost no tourist class seats left on El Al flights to these destinations in August.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 15, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> easyJet extends suspension of Israel flights to 2026 - Globes	查看 2887	Globes	2025-07-15 17:13:00 2025-07-23 02:44:48	word
3214855	有图 <p> Even after the return of United Airlines later this month round trips to the US from Israel will be expensive in August. <p>Since October 7 Israeli have learned that foreign airlines cannot be taken for granted and even now it remains unclear what Israel"s aviation sector will look like even after the Houthis stop firing missiles, especially on Israel - North America routes.</p><p>US carrier United Airlines announced last week that it will resume flying to Israel on July 21. This is a vote of confidence in Israel after the airline initially planned returning at the start of August.</p><p>Delta Airlines remains steadfast in not returning until September 1 and is unlikely to bring that date forward, having already diverted planes to other routes and sold most of the tickets, Ministry of Transport sources say, although returning earlier is still a possibility.</p><p>On the other hand, American Airlines, which operated flights to Israel before the war, has yet to announce a return date and resuming flights to Tel Aviv does not seem to be in its plans. No flights can be booked on the airline"s website for the next year.</p><p>As of April 2025, the last month in which both Delta and United operated flights to Israel, 1.8% of passengers at Ben Gurion airport flew with United, which had resumed flights in March, and 0.78% flew with Delta, and together they carried 50,000 passengers to the US in April.</p><p>The addition of two US airlines on the high-demand route to New York is critical for Israeli passengers, on a route that has been dominated by El Al and Arkia. However, the additional flights and the partial return of United still do not come close to restoring the volume of direct flights to the US to pre-war levels.</p><p>Last summer, 97 weekly flights were operated between Israel and the US by four airlines - United, Delta, American and El Al - flying together to nine different destinations across the US. United alone operated 28 weekly flights, while El Al led with 42 flights to six destinations.</p><p>Today, El Al is the most dominant company on the route, with 52 weekly flights, of which about 30 are to New York, the rest to eight other destinations. Arkia and United will operate flights to New York only, and starting in September, if Delta returns, it is unlikely to resume flights to destinations other than New York.</p><p>This means that in August, the peak period for demand, there will be 26 fewer weekly flights compared with the pre-war level, and also passengers who need to get to Los Angeles or Boston will have to travel via New York, or on a direct El Al flight.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1725495507/one%20time%20use%20only/20240830_123512_c7qqal.jpg" rel="noopener noreferrer"> Foreign airlines returning to Israel faster than expected </p> <p> easyJet extends suspension of Israel flights to 2026 </p> <p> Wizz Air to restart Tel Aviv flights in August </p> <p> Israelis switch vacation plans as foreign airlines stay away </p><p>Return fares in August won"t fall below $1,600</p><p>To understand how United"s return might affect fares, "Globes" compared prices for the first week of July 2024 with the same week in July 2025.</p><p>With the absence of the American airlines, the fare increase on direct routes to New York was particularly pronounced. While last year a basic round-trip ticket could be purchased on United and Delta for less than $1,400, this year the airline offering the lowest fare is El Al, with starting fares of $1,611 - a high price compared to its rivals last year, but lower than Arkia"s this year, which has soared to over $2,200.</p><p>However, United has now opened tickets for sale for flights that had not been available for months. Since the company originally planned to resume operations only in August, tickets for this period were already available in the past and were gradually sold out.</p><p>In contrast, the tickets for the flights that will now be added following the early return are brand new - and therefore are sold at introductory pricing, and not at "last minute" prices that characterize limited availability. As a result, it is still possible to find individual tickets for a limited time window for the end of July at prices of about $1,200-1,300. In August, prices are already returning to higher levels (according to the pricing method in the industry).</p><p>The bottom line: The presence of American companies is critical to lowering ticket prices. The high prices of Israeli companies reflect the enormous demand, which outweighs supply.</p><p>Since the outbreak of the war, American Airlines has taken a particularly cautious approach to its operations in Israel, preferring to give advance notice of long-term cancellations. As operators of routes to long-haul destinations, US carriers need to plan ahead and have high operational certainty.</p><p>During the first year of the war, Delta was the most loyal US airline to the Israeli route, and resumed flights at a relatively early stage. However, in the past six months, United has taken the lead by being the first to return after flights were suspended, signaling continued trust in Israel.</p><p>Even so, American Airlines is careful to return only after there has been a lull in security tensions, which can last for weeks or months.</p><p>US airlines must also provide overnight accommodation for flight crews in Israel - due to the length of the route, which requires rest time. This demand, along with a critical attitude towards Israel by some US labor organizations, has made continuing operations in Israel even more sensitive. The bottom line: US airlines need certainty to return and remain.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 15, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Don't expect Tel Aviv-New York return fares under $1,600 - Globes	查看 6129	Globes	2025-07-15 22:00:32 2025-07-23 02:44:48	word
3214854	有图 <p> The airline cited continued geopolitical uncertainty in the region. <p>Air Canada has announced that it is deferring the renewal of its flights to Israel, which it had planned to restart on September 8, to October 9, 2025. The company cited continuing geopolitical uncertainty in the region as the reason for the postponement. It said that passengers holding tickets for flights to Tel Aviv between July 15 and October 8 would be informed of alternative possibilities, among them a change of travel date, credit, a cash refund, or a switch to a different destination of the airline.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1660225891/direct/shutterstock_1343519069_cfyulz.jpg" rel="noopener noreferrer"> Don"t expect Tel Aviv-New York return fares under $1,600 </p> <p> easyJet extends suspension of Israel flights to 2026 </p> <p> Travelling? How to pick a mobile package </p><p>Air Canada’s announcement came shortly after that of easyJet cancelling all flights to Israel until the end of March 2026.</p><p>Air Canada is the only airline that operates direct flights between Israel and Canada.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 16, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Air Canada postpones renewal of Israel flights - Globes	查看 1508	Globes	2025-07-16 17:52:00 2025-07-23 02:44:48	word
3214853	有图 <p> The Israeli airline plans to operate Airbus A330 aircraft on the route on a "dry" lease, with the company"s own flight and maintenance crews. <p>Israir (TASE: ISRG) has received a license to operate flights from Tel Aviv to New York. The airline joins fellow Israeli carriers El Al, which operates 28 weekly flights to New York and Arkia, which operates five weekly flights on the route. Next week, US carrier United Airlines will resume flights on the Tel Aviv - New York route with 14 weekly flights - recommencing a service that was halted at the beginning of May after a missile fired by the Houthi rebels in Yemen fell in the grounds of Ben Gurion airport.</p><p>In April Israir announced that it had received a temporary license from the US Department of Transport. The Israeli airline told "Globes" then that it expected to operate flights on the Tel Aviv - New York route "from Passover 2026, and perhaps earlier."</p><p>The reason for the delay, Israir then claimed, was that the Israeli airline plans to operate Airbus A330 aircraft that it will lease on a "dry" lease, with the company"s own flight and maintenance crews, and therefore it depends on the availability of the aircraft, and the preparation is expected to be long. Estimates are that the number of Israir"s weekly flights will be significantly lower than the regular airlines operating on this route.</p><p>Israir"s advantage</p><p>The advantage of Israir, which is controlled by Rami Levy, lies in the operating model it is planning, a "dry" lease - leasing a foreign aircraft while using the company"s own Israeli flight and maintenance crews. This is unlike Arkia, which operates the route on a "wet" lease - a foreign aircraft with foreign crews.</p><p>During the war, one of the main reasons that has caused foreign airlines to suspend operations in Israel was the refusal of foreign crews to come to the country. With the "dry" lease, Israir guarantees more independent and flexible operating capacity even in times of crisis, unlike Arkia, which may encounter operational difficulties if foreign crews refrain from flying to Israel.</p><p>In the past 18 months, US airlines have not operated reliably in Israel, and demand to fly to North America has exceeded supply. Delta Airlines is not expected to return before the beginning of September and American Airlines has not announced a date that it is returning.</p><p>At the start of the war, El Al was the only airline operating flights to the US. Subsequently, Arkia commenced US flights, making an important addition of service that allowed for increased competition, even when foreign companies were not flying to Israel.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1660225891/direct/shutterstock_1343519069_cfyulz.jpg" rel="noopener noreferrer"> Don"t expect Tel Aviv-New York return fares under $1,600 </p> <p> Air Canada postpones renewal of Israel flights </p> <p> El Al CEO to depart with NIS 20m in pocket </p> <p> easyJet extends suspension of Israel flights to 2026 </p><p>Not the first time</p><p>Israir has previously operated direct flights to New York. The service began in 2004, when the company operated charter flights. About two years later, the service was upgraded to a scheduled route, and the company leased aircraft for the purpose.</p><p>In 2008, the route was discontinued, together with its long-haul route to Bangkok, due to lack of economic viability. According to estimates, the route to New York resulted in Israir losses of about $14.8 million.</p><p>"Operating charter flights to the US and long-haul destinations is a dangerous model. This is a complex operation, involving high risks, both from a security and economic perspective," notes a senior industry official. "Competitor Arkia also tried to operate flights to Bangkok using this model in 2018, and they were discontinued for the same reason."</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 16, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Israir awarded US license for Tel Aviv - New York flights - Globes	查看 4309	Globes	2025-07-16 20:52:38 2025-07-23 02:44:48	word
3214852	有图 <p> The renewal of Israel services by United is seen as a vote of confidence in Israel"s security situation especially as the airline is returning a week earlier than originally planned. <p>United Airlines resumes flights on the Tel Aviv- New York route today. The US carrier suspended Israel flights in early May after a Houthi missile fired by the Yemen rebels hit the grounds of Ben Gurion airport and extended the suspension due to Israel"s operation against Iran.</p><p>The renewal of Israel services by United is seen as a vote of confidence in Israel"s security situation especially as the airline is returning a week earlier than originally planned.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1660225891/direct/shutterstock_1343519069_cfyulz.jpg" rel="noopener noreferrer"> Don"t expect Tel Aviv-New York return fares under $1,600 </p> <p> Israir awarded US license for Tel Aviv - New York flights </p> <p> easyJet extends suspension of Israel flights to 2026 </p> <p> Foreign airlines returning to Israel faster than expected </p><p>United Airlines will operate two daily flights between Tel Aviv and New York. According to the Israel Airports Authority, in April 2025, United Airlines had a 1.8% market share on US routes at Ben Gurion airport - some 20,000 passengers.</p><p>United is the first of the three major US carriers serving Tel Aviv to resume Israel flights. Delta Airlines plans returning to Israel from September 1, while American Airlines is yet to announce its resumption of flights.</p><p>United"s return comes at a time when supply on the Tel Aviv - New York route is still significantly lower than before the war, when there were 97 weekly flights between Israel and the US. Today, with United, there will be about 71 flights to the US each week, mainly to New York. The airlines competing on the route are El Al and Arkia.</p><p>"Globes found that those who purchase last-minute round-trip tickets to New York through United can find fares starting at $1,650. In most cases, fares climb to over $2,000, as is usual during peak demand periods for last minute bookings.</p><p>Good news is that last week Israir received approval to operate flights to New York, which could help increase competition on the route, and thus bring fares down.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 21, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> United resumes Israel flights but fares stay high - Globes	查看 2705	Globes	2025-07-21 19:23:00 2025-07-23 02:44:48	word
3214851	有图 <p> The launch was carried out this morning by SpaceX"s Falcon 9 satellite launcher at Cape Canaveral in Florida. <p>Israel Aerospace Industries (IAI) today successfully launched the State of Israel"s Dror 1 national communications satellite. The launch was carried out by SpaceX"s Falcon 9 satellite launcher at Cape Canaveral in Florida.</p><p>IAI has been leading Israel"s space program since the 1980s, when it launched the first Ofek 1 surveillance satellite. Since then the company has also developed, manufactured and launched additional communications and surveillance satellites for scientific, commercial and national missions in Israel and worldwide. Currently, the company is developing and building more than 10 satellites, with the successful launch using Falcon 9 making amends for the Amos 6 satellite that was destroyed on the launch pad in September 2016 as a result of a SpaceX malfunction.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1637003062/direct/shutterstock_2067380378_hhumwh.jpg" rel="noopener noreferrer"> Elon Musk"s SpaceX set to launch Israel"s Dror satellite </p> <p> Amos 6 satellite destroyed in SpaceX explosion </p><p>Will orbit the earth every 90 minutes</p><p>The Dror 1 communications satellite will provide Israel"s communications needs for the coming years. The satellite weighs about 4.5 tons, and has a wingspan of 17.6 meters. Before launch, a series of trials lasting eight months were conducted in Munich, Germany, and from there the satellite was transferred to the US about a month ago. IAI"s satellite includes in-house developed advanced and unique communication capabilities that will allow for flexibility throughout its years of operation. Once it is placed in orbit around the earth, IAI engineers will perform a series of tests on the satellite, designed to ensure its integrity. Dror 1 will operate at an altitude of about 36,000 kilometers.</p><p>IAI CEO Boaz Levy described the launch as "a special event for the State of Israel," after communications has been defined as a national asset. 560 IAI employees worked on the project, and once the satellite enters orbit, it is expected to move for about ten years at a speed of about 7.5 kilometers per second around the earth, orbiting the globe every 90 minutes.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 13, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Israel Aerospace launches Dror 1 satellite - Globes	查看 2642	Globes	2025-07-13 17:42:00 2025-07-23 02:44:48	word
3214850	有图 <p> "Declassified Australia" claims that the Australian government is secretly sending spare parts to Israel for the fighter aircraft. <p>For months the Australian government has been repeating that it will not send spare parts for F-35 fighter jets but an investigation by the newspaper "Declassified Australia" claims that Australia is secretly sending the parts to Israel, as reported on the "Consortium News" website.</p><p>Spare parts for Israel"s F-35 fighter jets are being exported directly from Australia to Israel, "These exports represent clear evidence of Australia’s complicity in Israeli war crimes," the report states.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1712037681/direct/shutterstock_1302186316_bu4ane.jpg" rel="noopener noreferrer"> US to approve $18b sale of 50 warplanes to Israel - report </p> <p> With US support, tide turns again Israel in Europe </p> <p> Violence against Israeli defense cos in UK escalates </p> <p> UK suspends some arms exports to Israel </p><p>The investigation found that cargo records of goods sent on flights from Sydney to Tel Aviv marked goods as "aircraft parts." It’s uncertain whether these documents show just two individual shipments, or are a glimpse of a much bigger Australian direct trade of F-35 parts to Israel."</p><p>One of these flights departed on July 4 and the records show aircraft parts were loaded into the cargo hold of Thai Airways flight TG472 at Sydney International Airport. The flight took off at 2:50pm for Bangkok to connect with El Al flight LY82 for Tel Aviv, which landed on Sunday, July 6.</p><p>It also states, the aircraft parts were described as "packing" and marked EAR99 - a classification under the US Export Administration Regulation 99 relating to dual-use goods (civilian/military). The package was listed as weighing only one kilogram.</p><p>The documents state that the source of the aircraft parts was Lockheed Martin, the manufacturer of the F-35 fighter jet. "Lockheed Martin retains ownership of parts and components of the F-35 Joint Strike Fighter, and manages the global supply chain and is responsible for all allocation of those components," the report explains.</p><p>The report continued, The shipping records state the supplier of the goods as "RAAF", the Royal Australian Air Force." The documents go on to list the sender’s location as Tindal, the pick-up location as "Williamtown", and after being sent off from Sydney Airport, the location of the receiver of the goods is simply "Tel Aviv-Jaffa, Israel."</p><p>The report said the information "Demonstrates that the federal government can no longer deny or hide behind the mechanism of "plausible deniability"." Plausible deniability is when an intelligence organization or government deliberately leaves ambiguity between itself and a problematic or illegal action so that it can deny responsibility. The article calls for a formal investigation into Australia"s support for "War crimes taking place in Gaza."</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 15, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Despite denials, Australia sending F-35 parts to Israel - report - Globes	查看 3414	Globes	2025-07-15 20:13:00 2025-07-23 02:44:48	word
3214849	有图 <p> Israel Aerospace Industries faces competition from a French-Italian joint venture, and from Turkish Aerospace Industries. <p>On Sunday, Israel Aerospace Industries (IAI), headed by Boaz Levy, celebrated the successful launch of Israel’s national communications satellite Dror 1 from SpaceX’s launch site at Cape Canaveral. "Globes" has now learned that IAI is one of a shortlist of four candidates in a tender for the purchase of a satellite issued by Azerbaijan.</p><p>Azerbaijan’s requirements are for a satellite of the highest international standard, similar to Dror 1.</p><p>Competition from Turkey and France</p><p>Defense sources told "Globes" that Azerbaijan’s investment would be between $300 million and $800 million, a wide range that stems from the range of elements that will be incorporated in the satellite.</p><p>IAI’s main competition in the tender is from Thales Alenia Space, a joint venture in which French company Thales holds 67% and Leonardo of Italy holds 33%. Thales is a large enough company to compete in the tender by itself, but it is clear to its management that, because of the close relations between France and Azerbaijan’s enemy Armenia, the chances of it being chosen are low. Hence the link with Leonardo, with the aim of exploiting Italy’s good relations with Azerbaijan.</p><p>Another interesting bidder in the tender is state-owned Turkish Aerospace Industries, which could emerge as an integrator using foreign equipment, particularly from South Korea.</p><p>Aspirations to global impact</p><p>A substantial difference between Israel and Azerbaijan lies in the purposes of the satellites. While Israel advanced the Dror 1 project primarily to answer Israeli needs, Azerbaijan sees in satellite communications a means of diversifying its economy and expanding its global influence. It seeks to cover Africa, the Middle East and other regions, in an attempt to become an international telecommunications hub.</p><p>Previous win in Azerbaijan</p><p>IAI doubtless derives optimism in the current tender from the fact that Azerbaijan’s space agency Azercosmos chose IAI in a previous satellite tender. On October 3, 2023, Azerbaijan signed a contract with IAI for the purchase of two OptSat500 observation satellites, in a deal worth $120 million according to Azerbaijani reports. The OptSat series consists of small observation satellites with long lifetimes and high imaging capabilities.</p><p>The first of these satellites is currently being built in Israel, and will be transferred to Azerbaijan next year for integration. In 2026, construction of the second satellite will begin in Azerbaijan. Both satellites are due to be launched in 2028. The contract arises from a long-term agreement between Azerbaijan and IAI on collaboration and academic training in space-related disciplines. Dozens of Azerbaijanis are currently in Israel working with IAI on construction of the satellite and acquiring know-how.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1752385367/direct/WhatsApp_Image_2025-07-13_at_08.10.01_3b9c1a46_hjbd6b.jpg" rel="noopener noreferrer"> Israel Aerospace launches Dror 1 satellite </p> <p> Azerbaijan"s SOCAR completes acquisition of 10% Tamar stake </p> <p> Azerbaijan tax breaks tempt Israeli tech firms to relocate </p> <p> Israel Aerospace sells two satellites to Azerbaijan for $120m </p> <p> Azerbaijan to procure Sky Dew system from Israel - report </p><p>It is worth mentioning that satellites are far from being the only products that Azerbaijan buys from Israeli defense companies.</p><p>IAI stated in response to the report: "The company has many years’ experience in observation and communications satellites. On the basis of this experience, the Dror 1 satellite was successfully launched, and is on its way to its designated position in the sky. IAI operates not only on the national plane, but also on the global business plane, and does not disclose details of its marketing activities."</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 15, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> IAI shortlisted in Azerbaijan satellite tender - Globes	查看 4436	Globes	2025-07-15 16:12:00 2025-07-23 02:44:48	word
3214848	有图 <p> Germany and Israel are in advanced talks for the sale of Israel Aerospace Industries (IAI) BlueWhale unmanned submarine, "Defense Network" website reports. <p>Germany and Israel are in advanced talks for the sale of Israel Aerospace Industries (IAI) BlueWhale unmanned submarine, "Defense Network" website reports. BluWhale was developed in a collaboration between IAI and German company Atlas Electronics. BlueWhale allows intelligence gathering using a telescopic mast that emerges from the water while diving (similar to a submarine periscope), on which radar and electro-optical systems are installed to detect targets at sea and on shore.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1715079756/direct/%D7%97%D7%A51_y39bfw.jpg" rel="noopener noreferrer"> Defense Ministry chief pushing for Israel Aerospace TASE IPO </p> <p> Israel Navy deploys unmanned submarines to protect gas rigs </p> <p> German naval commander in Israel to discuss unmanned sub </p> <p> Israeli unmanned sub seen deployed against Iran </p><p>The satellite communication antennas on the mast transmit the collected information in real time to designated command posts, which can be located anywhere, at sea and on shore. BlueWhale is reportedly 10.9 meters long, has a diameter of 1.12 meters, and weighs 5.5 tons. It is electrically powered, can reach a speed of seven knots and is capable of patrolling for at least ten days, depending on the configuration and missions. Submarine detection and acoustic intelligence gathering is carried out using a sonar tens of meters long, which is installed on both sides of the submarine.</p><p>German interest in the unmanned submarine was expressed in July last year, when the commander of the German Navy, Vice Admiral Jan Christian Kaack, visited Israel and met with his Israeli counterpart Vice Admiral David Saar Salama. Previously, about a week and a half before the October 7 attack, IAI and the German company Atlas Electronics presented BlueWhale at the Repmus NATO exercise, which involves testing unmanned naval systems in an operational environment. This was a demonstration of the device in front of about 200 academics, defense industries and the military from 30 countries.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 17, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Germany in advanced talks to buy Israeli unmanned sub - report - Globes	查看 2648	Globes	2025-07-17 15:04:06 2025-07-23 02:44:48	word
3214847	有图 <p> Romanian Minister of National Defense Ionut Mosteanu told the state television channel TVR that his country will sign a procurement agreement with Israel in the fall. <p>Romania is to become the first European country to procure Israel"s Iron Dome rocket defense system. The procurement was revealed in an interview that Romanian Minister of National Defense Ionut Mosteanu gave the state television channel TVR. He said that the country would sign a procurement agreement in the coming fall.</p><p>Mosteanu said that Romania needs the air defense system developed by Rafael Advanced defense Systems. "These are defensive missile batteries that we don"t have and we need them," he said.</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> Spyder - the air defense system overlooked in Israel </p> <p> Greece in talks with Israel on �2b Iron Dome - report </p> <p> US Marines complete live-fire Iron Dome maneuvers </p><p>"When we see pictures of Tel Aviv when the Iranians attack, and see the Iron Dome in action - this is a short-range defense system, and it protects Tel Aviv. It will also protect us, whether it"s airports, military bases or, God forbid, in the event that we have to defend our cities," said Musteanu, adding that Romania is expected to increase its military arsenal and strengthen regional cooperation.</p><p>The minister added that the new Romanian President, Nicusor Dan, will present "A new security policy that will emphasize partnerships with the EU, the US and Turkey in the Black Sea region."</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 20, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Romania to procure Iron Dome - Globes	查看 2130	Globes	2025-07-20 22:59:00 2025-07-23 02:44:48	word
3214846	有图 <p> After reports that Switzerland was mulling cancellation of a $380 million drone deal, Swiss newspaper "Die WeltWoche" now claims that TK A telecommunications equipment procured from Elbit is "unusable." <p>Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) has again reportedly disappointed the Swiss. After reports that Switzerland was mulling cancellation of a $380 million drone deal for six surveillance and reconnaissance unmanned aerial vehicles (UAVs) because they were dissatisfied with their capabilities, Swiss newspaper "Die WeltWoche" now claims that TK A telecommunications equipment procured from Elbit is "unusable."</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1726041277/direct/WhatsApp_Image_2024-09-11_at_10.53.42_jwwbct.jpg" rel="noopener noreferrer"> Swiss mull cancelling $380m Elbit drone deal - report </p><p>Elbit delivered radios for the TK A military telecommunications project, "worth estimated at 1.8 billion Swiss francs, in order to upgrade the Swiss army"s communications system," the paper reported. The component, estimated at 300 million francs, "needs to be integrated into all IT systems," but "it is unclear whether the product will be ready for operational use."</p><p>The Swiss newspaper wrote that "at the beginning of the year, the head of the cybersecurity department and project supervisor, Simon Miller, warned that "the company has difficulty ensuring the quality of its products and delivering on time."" He said, for example, that some of the components were supplied with the wrong cable length.</p><p>"It is still difficult to estimate how much the possible failure will cost the taxpayer, but public funds worth more than half a billion francs are at stake - once again," it said.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 20, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Elbit now upsets Swiss on TK A radios deal - report - Globes	查看 2103	Globes	2025-07-20 23:35:34 2025-07-23 02:44:48	word
3214845	有图 <p> Prime Minister Benjamin Netanyahu"s son has been appointed senior associate of the new venture of Dovi Frances"s Group 11 venture capital fund. <p>Avner Netanyahu, the son of Prime Minister Benjamin Netanyahu, has joined the Umbrella Corporation as a senior associate. Umbrella Corporation is the new venture led by Dovi Frances, who heads the Group 11 venture capital fund, which deals with breakthrough technologies in defense and innovation, through strategic partnerships and venture capital, the fund says.</p><p>In an announcement on his LinkedIn page, Avner Netanyahu writes, "I had an incredible time with Strategy & Israel as an associate. Now it"s time for a new chapter. Today I am excited to step into my new role as Senior Associate at the Umbrella Organization at Group 11." He says that the company will reshape the future of tech and adds, "Behind every breakthrough in tech lies a network. We are that network. The capital. The catalyst. We are The Umbrella Corporation.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1675177072/direct/WhatsApp_Image_2023-01-31_at_16.50.38_ifvzgw.jpg" rel="noopener noreferrer"> Dovi Frances Group 11 fifth fund shrinks </p> <p> Israeli co Dream Security raises $100m at $1.1b valuation </p> <p> Munich Re buys Israeli insurtech co Next at $2.6b valuation </p><p>Cybersecurity entrepreneur and expert Idan Keynan is also joining Umbrella Corporation. An announcement by Frances says, "Welcome Avner Netanyahu and Idan Keynan to the Group 11 family! We are delighted you are joining us for our important mission."</p><p>The fund raised $197 million in 2021</p><p>Frances" latest move comes in the wake of recent data released about Group 11"s fifth fund. According to PitchBook as of May, the fund, which raised $197 million in 2021, reported a current asset value of $191.7 million, down 8.4% from the previous report. The fund was raised during the height of the tech investment boom during the Covid pandemic, and, along with many other funds, was affected by market fluctuations after interest rate hikes and declines in company valuations after May 2022. The fund"s investments include Sunbit and Lily, along with other companies such as Masterschool, Healthee, SMBX and Venn.</p><p>According to the same report, income from IPOs and acquisitions has been limited, and expenses of the fund"s management company have increased in the past year. Now, The Umbrella Corporation, the venture that Avner Netanyahu and Idan Keinan are joining, is operating in parallel with the activities of Group 11"s sixth fund, which was raised a year after the fifth fund and continues to invest in startups. Sources close to the fund stress that despite market volatility, the fund is performing well. Among the fund"s portfolio companies are: Dream, owned by entrepreneur Shalev Hulio, which became a unicorn earlier this year, Next, which was recently sold, and Navan, which is expected to hold an IPO soon.</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 21, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Avner Netanyahu joins Umbrella defense tech fund - Globes	查看 3356	Globes	2025-07-21 16:04:00 2025-07-23 02:44:48	word
3214844	无图 <p> The Committee for the Preservation of Agricultural Land and Open Spaces will sanction only dual-use, agri-voltaic installations in the "granary of Israel." <p>In a close vote, the Committee for the Preservation of Agricultural Land and Open Spaces has ruled out plans for constructing solar fields at an investment of over NIS 100 million in four kibbutzim in the Gaza Strip border area. The rejection of the plans is contrary to decisions by the Israel Land Authority in November 2023, and will impede the lowering of electricity prices that projects of this kind could bring about.</p><p>The committee, which is part of the Planning Administration, justified its decision on the grounds that the Tekuma region "is the granary of Israel", and the Ministry of Agriculture also insists that construction of solar fields harms the future of local agriculture. For their part, the Ministry of Finance and the Israel Land Authority are pushing for the use of solar fields in order to meet Israel’s targets for power production from renewable sources.</p><p>In the background is a dispute in principle on the land usage mix: whether it is right to construct outright solar fields, or whether to prefer dual-use models (agri-voltaic) for growing agricultural produce under solar panels that are more expensive to construct and maintain.</p><p>"After October 7, as part of the state’s wish to benefit the Gaza border settlements, the Israel Land Authority decided to allow them to construct more solar fields. The quota rose from 250 dunams to 400 dunams," says Assaf Bavli, economic coordinator of Kibbutz Magen.</p><p>"We put forward a solar plan, and came to the District Planning and Building Committee. It approved the plan, but said that a decision was required from the Committee for the Preservation of Agricultural Land and Open Spaces," says Bavli. As mentioned, that committee rejected the plan. It approved the 250 dunam allocation from before the war, but insisted that the rest had to come in addition to agriculture (dual-use) and not at its expense. That decision also put an end to similar plans by Kibbutz Ein Hashlosha, Kibbutz Nir Yitzhak, and Kibbutz Erez, which is close to the northern Gaza Strip. According to market estimates, expansion of the solar field allocation would have meant NIS 1-2 million revenue annually to each of the settlements, from renting out the land.</p><p>On paper, the dual-use systems are an ideal solution, combining energy production and agriculture, but Bavli says that "it’s not good to mix them." In this context, the National Economic Council in the Prime Minister’s Office published a report in September 2024 that found that, in order to make significant progress in implementing power production from renewable sources, large solar fields should be constructed in the Negev alongside dual-use areas. According to the report, the cost per kilowatt of constructing a conventional solar field is NIS 2,000, versus NIS 4,500 in dual-use, agri-voltaic projects.</p><p>Finance Ministry takes sides</p><p>The government decision in December also stated that in settlements in the "Tekuma" area in which settlements are being rehabilitated after the October 7 attack, "advanced energy solutions" should be built. Significant projects were approved for several kibbutzim, including Kfar Aza, Kissufim, and Nir Oz, but when the Tekuma administration examined the matter in April 2024, it chose to be evasive: "The range of relevant considerations… and the required balance for preserving open spaces and the agricultural character of the area should be taken into account."</p><p>Meanwhile, the Ministry of Finance has taken sides. In December, the ministry demanded that the Planning Administration should advance solar installations "that facilitate electricity production in high volumes and at low cost." According to the Ministry of Finance, 65% of Israel solar power output is already produced from dual-use systems, and there is no justification for ruling out the cheap conventional alternative. This stance won official backing in session of the Planning Administration where it was decided that "plans for land-based installations will not be dismissed out of hand."</p><p>Against them, the Ministry of Agriculture has taken the opposite stance. In an official statement in July, it said, "To the extent that the land in the plan is suitable and can be farmed, it should be preserved, and only dual-use installations should be allowed."</p><p>Raanan Amoyal, head of the Ministry of Agriculture Planning Department, says, "The basis of agricultural production, which is the land, is being harmed on a huge scale." Amoyal fears a real food shortage in the future. "It’s difficult, but the country has to look to its land resources. You can’t ignore agriculture and look only at energy," he says.</p><p>The Committee for the Preservation of Agricultural Land and Open Spaces stated in response to the report: "The committee has regard for the preservation of the Tekuma region as the granary and produce resource of the State of Israel. For that reason, and in accordance with national planning policy, the committee gives priority to agri-voltaic installations that permit dual use of the land for agricultural crops and energy production, in preference to photo-voltaic installations that prevent any agricultural use of the land and thus harm open spaces, agricultural land, and food security. Accordingly, and in order to find a balance between all of the needs, the committee allocated 250 dunams to each settlement for construction of photo-voltaic installations, while the rest of the land will be zoned for agri-voltaic installations that can facilitate growing agricultural crops alongside energy production."</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 16, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> C'ttee nixes solar fields in Gaza border settlements - Globes	查看 6001	Globes	2025-07-16 22:16:00 2025-07-23 02:44:48	word
3214843	有图 <p> Ashtrom, together with Mega Or and Har Tuv will plan and build the Shimshon power plant at an investment of $1 billion. <p>The government has authorized Ashtrom Group (TASE: ASHG) to plan and build a power station fueled by natural gas at Har Tuv near Beit Shemesh. Ashtrom notified the Tel Aviv Stock Exchange (TASE) that it is setting up a subsidiary to build the Shimshon power station, together with Mega Or Holdings (TASE: MGOR) and Har Tuv Enterprises, with each company holding a one third stake. The approval process by the National Planning Committee will now begin. The investment in the power station will amount to $1 billion, and the power station will begin operations after 2030.</p><p>Currently, there are no significant power plants near Jerusalem. The closest stations are at Gezer and Tzafit, both in the southern coastal plain. To remedy this, two new stations are planned: a station owned by the Keystone Foundation that will be built in Jerusalem"s Atarot Industrial Zone, and was approved by the government last March, and Shimshon, which has now received approval. The two stations are currently in a preliminary planning stages, and only after approval by the National Planning Committee will they be able to apply for final government approval that will allow planning and construction to begin.</p><p>Electricity generation and energy storage</p><p>In its notification to the TASE, Ashtrom reported that the Shimshon station will produce electricity with a capacity of 830 MW, and will also incorporate a storage facility. Storage facilities are usually used by solar energy fields to bridge the gaps between peak daytime production and peak evening consumption, but storage can also be used by a conventional power plants to operate continuously and efficiently, by storing energy during off-peak hours and selling it when prices are higher during peak hours. In addition, such a facility can also buy energy from other sources, such as solar energy installations, and sell it in the same way.</p><p>The power station will be dependent on the construction of overhead supply lines (400 KV), which should be built in 2030. The power station will only be able to begin production after that. The station will also need construction of a gas pipeline, after the Israel Natural Gas Lines withdrew plans to build one in the region, after the company that was supposed to connect the plants in the region did not do so. A power plant as an "anchor customer" for gas will facilitate the deployment of such an infrastructure pipeline, which will also make it easier for the plants in the region to connect directly to the gas supply.</p><p>Ashtrom said, "The power station will provide a solution to the energy needs of the region, including Jerusalem, which currently suffers from a shortage of electricity infrastructure, and will contribute to the sustainability of the national grid." Ashtrom added, "This is a project of national importance that will improve electricity supply levels even in extreme scenarios, and strengthen the country"s ability to meet the challenges of peak demand." From Ashtrom"s perspective, this will be an important step for it in the field of conventional energy, together with a major solar energy field that it is building in Texas. Currently, there are five conventional power stations approved and undergoing approval procedures from the Ministry and Infrastructure. Three have already been approved are waiting to close financing before starting to construction (Kesem, Dalia 2 and Dorad) and two await final approval from the government (OPC Hadera and Reindeer). In addition to the Har Tuv plant there are four more power plants in an advanced stages before approval: Atarot Industrial Zone, Orot Pnina (Hagit), and an Intel power plant in Kiryat Gat. The construction of a large number of power plants is required to maintain the reliability of electricity supply, even during security and infrastructure emergencies, and to enable competition for production that can cut electricity prices.</p><p> RELATED ARTICLES <p> <img src="https://res.cloudinary.com/globes/image/upload/t_800X392/v1668681146/direct/direct/%D7%90%D7%A1%D7%93%D7%94_22_EIZ_3969_i30nxr.jpg" rel="noopener noreferrer"> Kesem Energy signs gas deals worth $2.8b </p> <p> Edeltech wins Sorek power station BOT tender </p> <p> Energean signs $2b gas contract with Eshkol power station </p> <p> C"ttee approves power stations over ministers" objections </p><p>Ashtrom chairman Rami Nussbaum said, "The collaboration with tMega Or and Har Tuv, who are among the strongest and leading players in the Israeli market, strengthens the financial and operational infrastructure of the Shimshon power station. The project constitutes a strategic milestone in the implementation of the Ashtrom Group"s growth and expansion plans in the energy sector for the coming years."</p><p>Published by Globes, Israel business news - en.globes.co.il - on July 16, 2025.</p><p>© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.</p> </p> Ashtrom to build power station near Beit Shemesh - Globes	查看 5279	Globes	2025-07-16 22:48:55 2025-07-23 02:44:48	word

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