Minister of Foreign Affairs Eli Cohen and United Arab Emirates Ambassador to Israel Mohamed Al Khaja, in the presence of Prime Minister Benjamin Netanyahu, signed a customs agreement between Israel and the UAE this week. The signing will make it possible for the free trade agreement between the two countries, signed in May 2022, to take effect […]
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Global investment fund Warburg Pincus has sold the credit card company Max to Clal Insurance Enterprises Holdings. Gornitzky advised Warburg Pincus on the deal, which sees Clal buying all of Max’s shares for NIS 2.47 billion, which it will operate as part of the insurance and finance company. Of the valuation put on Max, Clal will […]
Zephyrus Wing Energies has completed its IPO, based on a company valuation of approximately NIS 1 billion. The company raised a sum of NIS 150 million through the offering. Zephyrus Wing Energies is a leading renewable energy investment company controlled by Israel Infrastructure Fund (IIF), Israel’s leading infrastructure investment firm. Agmon with Tulchinsky advised Zephyrus […]
Metropoline Public Transportation has reached a NIS 930 million financing agreement to finance the establishment and operation of the transportation cluster – The New Sharon, which Metropoline won as part of a tender published by the State. Arnon, Tadmor Levy acted for Metropoline, led by attorneys Shai Margalit, Or Perel and Tomer Tzach.
Gas giants British Petroleum and Abu Dhabi National Oil Company (ADNOC) have placed a USD 4 billion offer to purchase half of Israel’s NewMed Energy. The participation of Emirati firm ADNOC is the latest sign of the quickening normalisation of relations between Israel and the UAE since their opening of diplomatic ties in 2020 and […]
With female leaders accounting for approximately 10 percent of Am Law 200 chairs and managing partners, Schwartz now becomes one of the few women in the nation currently leading a major law firm. She will also continue to lead Herrick’s powerhouse Real Estate Department. Read more.
Cyberint Technologies Ltd., an Israel-based company specializing in cyber-intelligence, announced on Wednesday that it has inked an agreement with United Arab Emirates-based telecom company etisalat by e& to protect its infrastructure from cybercriminals. Cyberint focuses on tracking cyber-mercenaries and threat actors, exposing them and alerting entities both public and private of their presence to provide early warning to thousands […]
Israeli climate-tech start-up BladeRanger and Alpha Solar, one of Bahrain’s leading energy providers, have announced a new partnership to assist solar site owners in the Gulf region to maximize power generation by utilizing the former’s autonomous solar-panel cleaning robots. Read more here in Jerusalem Post.
Israeli online trading platform eToro has completed a USD250 million financing round at a company valuation of USD3.5 billion. eToro raised capital for the first time since 2018, after failing to go public in 2022 through a SPAC merger. FinTech Acquisition Corp. V and eToro mutually agreed eight months ago to terminate a proposed $10.4 billion deal […]
Israeli geothermal energy company Ormat Technologies Inc. has raised USD 300 million on the NYSE. Ormat operates in two sectors of activity in geothermal energy: in the electricity sector it builds power plants and operates them under its own ownership, and in the products sector, it builds power plants for others. At the same time, the company […]
