Articles

High demand for Teva's bond raising. The pharmaceutical company completed $ 2.1 billion in bond raising, compared to $ 1.5 billion originally planned. The company enjoyed high demand in the bond markets for low-rated debt that carries a relatively high interest rate in the environment of falling interest rates. Teva's $ 1 billion dollar bond will carry 7.125% and the euro denominated $ 1.1 billion will carry 6% Both series were aimed at cheaper debt recycling that was raised with the acquisition of Actavis in 2016 when Teva had a higher rating. Teva CEO Kar Schultz said, "Upon the...

The tax authority has started chasing Israelis holding accounts abroad. The Authority began investigations following information transmitted to Israel as part of the extensive exchange of information with European countries. The Tax Authority has arrested three Israelis - Aharon Winkler, Shai Tzur and Maya Bankov-Tzur - on suspicion of failure to report overseas bank accounts and other tax offenses. The three were arrested as part of two different investigations conducted by Diamond Unit and Mole Investigator Haifa and Northern Investigations, after their names were included in a list of...

The Syrian human rights organization reports that at least 23 people were killed in the Israeli attack, most of them Syrian soldiers. According to the organization, seven of those killed are foreign nationals, probably Iranians. They emphasized that IDF attacked Iran's headquarters base in Syria. Lebanese newspaper Al-Akhbar, close to Hezbollah, reports from Syrian security officials that most of Israel's positions attacked have been cleared beforehand because there was an expectation that Israel would respond to the shootings from Syria in the Golan Heights earlier this week.The paper...

Income inequality in Israel increased in 2018 after three years of decline - according to data on households' expenditure and income published by the Central Bureau of Statistics on Tuesday. According to the data, the Gini income inequality index rose to 0.355 points (up from 0.351 points in 2017). The figures also show that the most significant increase was recorded in the average health expenditure of an average family in 2018, and that the share of Israel's top decile in net monetary income increased, approaching a quarter of the total income of the deciles. In the lower three deciles,...

Israel Aerospace Industries earnings increased in the third quarter of the year, to $ 32 million, compared to a net loss of $ 21 million in the corresponding quarter last year, according to the company's financial statements for the third quarter of the year. The reports show that the IAA's operating profit increased by $ 42 million in the last quarter, compared with an operating loss of $ 19 million in the corresponding period last year. In the last quarter, IAI sales totaled more than $ 1 billion, an increase of almost 17 % Compared to the corresponding quarter in 2018. The IAI says...

The cessation of train traffic between Hadera and Herzliya from Wednesday night until Sunday morning significantly affected the northern residents who work in the center of the country, who had to decide this morning whether to fight traffic jams or stay home. Many residents complained about the situation, claiming they were under siege. The closures of Netanya, Netanya-Sapir, Beit Yehoshua and Caesarea-Pardes Hana are being carried out as part of an annual maintenance program, which will include upgrades and replacements of parties and devotees, whose job is to divert the train from one...

The government is expected to approve an additional NIS 44 million on Sunday to budget security and rescue components in Judea, Samaria and the Jordan Valley. The addition consists of a security grant of NIS 34.5 million for the region; Boosting first aid stations in Judea, Samaria and NIS 5.5 million; And continued operation of resilience centers in Judea and Samaria - NIS 3.6 million. Prime Minister Benjamin Netanyahu summoned the Yesha Council leaders to his office on Thursday, announcing his decision to approve the budget. Finance Minister Moshe Kahlon and Interior Minister Aryeh Deri,...

On Sunday, the OECD released a new report on ways to reduce the congestion of traffic in Israel. In recent months, the issue of congestion fees has returned to public discourse, and as the new Transport Minister at Bezalel advances steps to reduce road congestion in favor of public transport, the new report provides insights and conclusions about the effectiveness of the block toll systems and their use in various cities around the world, In Milan, Singapore and Stockholm congestion fees have significantly reduced the load, and New York is now also planning a similar program

Israeli cyber security company Checkpoint has announced the acquisition of Israeli cyber company Protego from Israel. According to Checkpoint, the acquisition will extend cloud protection services to customers using serverless cloud applications (Cerberles). The purchase amount is estimated at $ 40 million. Check Point announced that it would "integrate technology as part of its unified Infinity defense architecture" and that the acquisition will help Checkpoint "help organizations protect themselves from fifth and sixth generation cyber attacks." Protago was founded in 2015 under the...

About two weeks ago, Tesla registered a wholly-owned subsidiary called "Tesla Motor Israel". The reason for listing the company is probably the vehicle import regulations in Israel, which require a car importer to be a company, registered in Israel. According to the Companies Registrar, the Company's description is "Import, Distribution, Sale, Maintenance and Repair of Electric Vehicles and Stationary Energy Storage Equipment Systems, Energy Production Equipment, including Solar Panels, Solar Energy Systems, and / or Other Solar Energy Conversion Systems, and General All other energy...