Globes (Rishon LeZion, Israel)

Publisher

Latest documents

• IAI, Rafael withhold gov't dividend to cover Defense Ministry debt

  The Ministry of Defense debts to Israeli defense manufacturers recently exceeded the NIS 10 billion threshold and in response, "Globes" has learned, government owned Israel Aerospace Industries (IAI) and Rafael Advanced Defense Systems have halted dividend payments to the state. This is not an official decision that has been taken by the companies' boards but an ad hoc decision in response to the growing debt.

• Robel Innovation launches counter drone system

  Robel Innovation, which specializes in the development of defense solutions and advanced protection and homeland security technologies, has launched Black Raven - a system based on AI and multi-sensor data fusion, developed to provide a response to the threat of assault drones.

• Upwind fills vacuum left by Google's acquisition of Wiz

  March 2025 saw the biggest exit in the history of Israeli tech: Google's $32 billion acquisition of Wiz. The sale led Wiz's longtime partners, Amazon and Microsoft, to seek out other cybersecurity companies not affiliated with their rival. Into the breach stepped Amiram Shachar's cloud cybersecurity startup Upwind Security, which is now among the contenders for Wiz's top spot in providing cybersecurity to tech giants.

• Election economics? Netanyahu wants to cut VAT

  Prime Minister Benjamin Netanyahu through his senior economic advisor Prof. Avi Simhon, has asked Minister of Finance Bezalel Smotrich to consider cutting VAT from 18% to 17%. Sources in the Ministry of Finance believe the feasibility of implementing such a move before the elections is low, and see this as "another attempt to hoodwink the public before the elections, without any real plan behind it other than grabbing media headlines, while ultimately, the officials who vetoed a benefit for the public will be blamed."

• Israeli digital insurer Honeycomb raises $40m

  Israeli digital insurer Honeycomb Insurance, which specializes in apartment buildings and condo associations, today announced the completion of a $40 million financing round. The round was led by Zeev Ventures, with participation from existing investors Ibex Investors, and new investors Peakline, Alpha Partners, Meitar Partners, Practical VC, and former San Francisco 49ers NFL champion Harris Barton. This brings Honeycomb's total funding to date to $95 million.

• Layoffs of low-paid workers skew average pay higher

  According to initial estimates by the Central Bureau of Statistics, the average monthly gross wage of Israeli workers in April this year was 4% higher than in April 2025, at NIS 14,409. This represents a decline in comparison with the average wage in March this year, when war with Iran broke out, which was NIS 15,921, 8.8% higher than in March 2025.

• Marvell unveils optical communications chip developed in Israel

  Marvell Technology (Nasdaq: MRVL) has seen its share price rise nearly 300% snice the start of the year. Last week the company was further boosted by the launch of the most efficient processor for optical communication in data centers designed for AI technologies, which is capable of transferring huge volumes of data at record speed.

• "We decided to exert a little pressure on Israel"

  Michael Mann, the EU ambassador to Israel, finds himself at the center of an increasingly sharp confrontation, after the EU officially adopted sanctions last week on the Regavim and Amana organizations and "extremist settlers", as Brussels describes them, operating beyond the Green Line. The measure met with a strongly worded condemnation from Israel's Ministry of Foreign Affairs.

• 30 interceptions a minute: An Israeli startup's drone solution

  The threat from Hezbollah's drones has aroused concern in Israel and represents a considerable challenge for the IDF in protecting its ground forces and settlements on the northern border. In addition to the Iron Beam laser interception system from Rafael that was delivered to the army five months ago, "Globes" now reveals another Israeli laser system for countering drones. This is Dronelight, developed by Omer-based Esh-Tech Systems, which up to now has operated below the radar.

• US, Indian companies bid for Metro tenders

  The prequalification stage for the Tel Aviv Metropolitan region Metro tenders has ended and NTA Metropolitan Mass Transit has published initial details about the 20 international and Israeli consortia, which include 33 companies, which filed requests to bid in the tender. For the first time there are two US companies (previously US companies have not bid for Israeli infrastructure projects) and nine Indian companies (which until now have not participated in NTA tenders). There were also 11 Israeli companies, six Chinese companies and five from Europe in the prequalification stage.

Featured documents

• Eli Azur wins Tamar board battle after NeoGames exit

  Israeli businessman Eli Azur was busy last week succeeding in the vote on the composition of the board of directors of Tamar Petroleum (TASE: TMRP). On Wall Street, Azur and his partners completed the sale of online gambling company NeoGames (Nasdaq: NGMS) to Australian gaming and betting company...

• Teddy Sagi seeks Best of the Best buyout

  Last month Israeli tech and real estate billionaire Teddy Sagi completed the delisting process for Israeli cybersecurity and privacy protection company Kape Technologies from London's Alternative Investment Market (AIM) after buying the public's shares for $515 million. Now he is planning a similar ...

• Could the Palestinian Authority control Gaza?

  About two years ago, Palestinian Authority (PA) President, Mahmoud Abbas (Abu Mazen) embarked on a judicial reform of his own, one that would not put the reform in Hungary or Poland to shame. Unlike those countries, or the reform the Israeli government tried to pass at the beginning of the year,...

• Sequoia bets on Israel because of the war

  "I am incredibly optimistic about Israel's tech economy and the broader economy," says Shaun Maguire, a partner at Sequoia Capital, one of the world's largest venture capital funds, which returned to Israel this year, after an absence of a decade in the local market. "I believe strongly in Israel's ...

• A trip to better management skills?

  The substances described in this article are illegal in Israel and their use, even in a controlled manner, may cause physiological and mental disorders....

• "People don't come to Nvidia just to earn a little more"

  In recent months, Amit Krig, SVP networking software and site leader of Nvidia's Israel development center (formerly Mellanox), has found himself traveling a great deal between lower Yokne'am, where the company's renovated headquarters are located, and the nearby Mevo Carmel Science and Industry...

• Nir Zuk fears mass exodus of talent from Israel

  Nir Zuk has never shied away from challenges. Twenty years ago, when he was told he didn't stand a chance of competing with the existing cybersecurity giants, he founded Palo Alto Networks, which became the world's largest cybersecurity company with a market cap of more than $125 billion, five...

• "We'll be a global media company"

  In his youth, Nadav Topolski, chairperson of Israeli television channel Reshet 13 and a shareholder in it (13.5%), played basketball for his high school team at The Hebrew Reali School of Haifa. On one occasion, his team was playing in Hungary against players from Croatia, Hungary, and Italy - all...

• "Most of my liquid capital is spent on philanthropy."

  Micha Kaufman has been flying light aircraft for the past 30 years. He has tried his hand at most types of aviation: helicopters, Cessna planes, Piper planes, and challenging ultralight aircraft. He says that he gets a feeling of freedom and optimism in both flying and entrepreneurship, together...

• "We want Israel in the driver's seat in dealing with China"

  In the 1870s, the US overtook Great Britain as the world's leading economy, a title it bears alongside "Leader of the Free World". But all that could change within the next ten years, if the predictions come true and it is overtaken by China, its most significant economic rival. There are some...