Acquisitions and IPOs of Israeli tech companies has totaled USD16.9 billion in 2022, an 80% decrease from 2021, when the figure was USD82.5 billion, PwC Israel reports. There were 72 deals in 2022, compared with 171 last year, a decrease of 58%.Read more in Globes. Meanwhile, Globes also looked at the investment challenges of Israel’s […]
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Israel’s banking regulator approved a conditional license and control permit for a group of entrepreneurs to establish a new online bank, the second addition to the highly concentrated banking sector in three years. Last January, One Zero Digital Bank received final regulatory approval for a full banking license, becoming the first new Israeli bank in […]
The ranking of the 34 OECD countries was based on five macroeconomic indicators: GDP growth, annual inflation, inflation breadth, share prices, and government debt. As “Globes” reported last week Israel’s debt: GDP ratio has fallen from 68% to 60% this year. Although inflation over the past 12 months has risen to 5.3%, this is about […]
In December 2022, Agmon & Co. Rosenberg Hachohen & Co. announced its significant merger with Tulchinsky Marciano Cohen Levitski & Co., giving the combined firm approximately 180 lawyers and further expanding the firm’s commercial offering in the VC and high-tech sectors, among many others. Among the multiple areas of expertise of the combined firm are […]
Revenue Management Solutions (RMS), a healthcare payment automation service provider based in Oklahoma City, has bought Israeli company OrboGraph, which provides advanced check recognition and fraud detection solutions and automated healthcare payment processing. Founded in 1995, OrboGraph, which is located in Rehovot and in Massachusetts, claims to be a world leader in AI-based check recognition. The USD […]
Israeli gaming unicorn and mobile games giant, Moon Active, which is behind successful titles such as Coin Master and Family Island, is to acquire the mobile game Zen Match from Turkish developer, Good Job Games. Zen Match was launched globally in September 2021 and is already a market leader in the Connect Tile category with […]
Phoenix Insurance and Clal Insurance have each made separate investments in Mayer Cars & Trucks, totaling in an amount of over NIS 800 million. As part of its investment, Clal will purchase 5.6% of Mayer Cars & Trucks for NIS 229 million, following the investment made recently by Phoenix for 14% of the company for […]
Businessman, Aaron Frenkel has purchased 11% of the Tamar gas reservoir, for approximately USD 520 million dollars, from Mubadala Petroleum, the government company of Abu Dhabi. Mubadalah Petroleum, owned by the Abu Dhabi government, had acquired a 22% stake in Israel’s offshore Tamar gas field through two special purpose companies – Tamar Investment 1 and […]
Yahoo Finance, in a recent article, took a look at the 15 biggest Israeli companies in the world. Forbes Global 2000 contains 13 companies from Israel, while Yahoo Finance also searched for other top companies in Israel to determine the 15 biggest companies in the country. For companies where data was not available on Forbes […]
A Dutch and a Spanish company signed a merger deal in Tel Aviv at the Abrahamic Business Circle’s Investors Roundtable. The deal between the Dutch artificial intelligence learning platform Knowingo and the Spanish Openspring cybersecurity company translates into jobs for 350 employees in eight offices around the world. The companies met through the circle and chose to sign […]
