Globes (Rishon LeZion, Israel)

Latest documents

Elbit Systems unveils AI-powered assault rifle
Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) has unveiled its ARCAS AI-powered assault rifle. The rifle has a built-in computerized artificial intelligence (AI) powered system that interfaces with the rifle's electro-optical (EO) sight, with a helmet mounted eyepiece and with the rifle's assemblies, providing soldiers with real-time intuitive actionable combat information.
Indian military inaugurates use of IAI's missile defense system
The Indian Armed Forces has inaugurated the integration and operational use of Israel Aerospace Industries (IAI) Barak 8 MRSAM Air & Missile Defense System. MRSAM is an advanced path-breaking air and missile defense system that provides ultimate protection against a variety of aerial platforms and includes an advanced phased array radar, command and control shelter, mobile launchers and interceptors with an advanced RF seeker. MRSAM is jointly developed by IAI and DRDO in collaboration with India and Israel for the Indian forces.
Court denies Teva's motion to dismiss Copaxone kickbacks case
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) will stand trial accused of transferring illegal royalties to third party charitable foundations in order for the foundations to finance treatment of multiple sclerosis with its Copaxone drug. Massachusetts District Court Judge Nathaniel Gorton rejected Teva's petition to have the case dismissed and Teva's argument that its contributions to the charitable foundations could not represent a breach of the law since the company did not control the way the contributions were used.
Amot pays NIS 1.52b for Tzrifin logistics center
The company that manages the pension funds of Jewish Agency employees announced last week that Amot Investments Ltd. (TASE:AMOT), controlled by Nathan Hetz, had won the auction of the logistics center at Tzrifin. The real estate company will pay NIS 1.518 billion for the center. The proceeds of the sale will be used for the benefit of the Jewish Agency pension funds and will secure their rights.
Apartments sold and rented
Second-hand apartments sold
Court dismisses petition against Sde Dov long term rental homes
Tel Aviv Administrative Court Judge Yael Blecher has dismissed a petition by the Sde Dov landowners against land being allocated for construction of long-term rental housing and instructed Tel Aviv Municipality to expropriate land for the purpose. These apartments will be expropriated from the landowners and registered to the Tel Aviv Municipality at the landowners' expense.
Israel Aerospace IPO postponed until 2022
Israel Aerospace Industries (IAI) IPO on the Tel Aviv Stock Exchange is not expected to take place this year, even though the four underwriters were chosen three months ago.
Barak family to become partner in WeSure, Ayalon for NIS 270m
Digital insurance group WeSure Global Tech (TASE: WESR) has reported another important strategic agreement, in which Caesarea Medical Electronics (CME), controlled by the Barak family, will become its partner in the controlling interest in insurance and finance group Ayalon Holdings Ltd. (TASE: AYAL) when the acquisition of that company is completed, and will also become a substantial shareholder in WeSure Global Tech itself.
Papaya Global raises $250m at $3.7b valuation
Israeli startup Papaya Global, which has developed a payroll platform for cross-border management of human resources and employee salaries, has tripled its valuation within six months. The company has announced that it has raised $250 million at a valuation of $3.7 billion. In March, Papaya Global raised $100 million at a company valuation of $1.2 billion, after money. Papaya Global's valuation has risen ten-fold since completing its $40 million financing round last September.
Global-e files for $857m secondary offering
Israeli e-commerce platform Global-e (Nasdaq: GLBE) has filed a prospectus to sell 12 million shares worth $857 million, at the time of filing on Tuesday. All the shares being sold in the secondary offering are by existing shareholders and Global-e itself will not receive any new proceeds from the offering.