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United States

Tova Cohen

Mexichem launches Israel tech hub, building on Netafim deal

Nov 28 2018

TEL AVIV Mexican industrial group Mexichem is establishing an innovation hub in Israel, building on this year's acquisition of Israeli drip irrigation pioneer Netafim.

Israel to invest billions to get rail and roads up to speed

Nov 28 2018

TEL AVIV Israel is unrolling a major pipeline of investments to get rid of persistent traffic jams that are hampering economic growth. To unclog the developed world's most congested roads, the government will partner with private contractors and banks, both Israeli and foreign, marking a shift in policy after a series of transport projects were criticized for delays and mismanagement.

Israel's Elbit Systems benefits from rising U.S. defence spending

Nov 20 2018

TEL AVIV Israeli defense firm Elbit Systems reported a 4 percent rise in third-quarter net profit on Tuesday, boosted by higher sales in North America and Asia as well as its acquisition of U.S.-based Universal Avionics Systems Corp.

UPDATE 1-Bank Hapoalim Q3 profit tops estimates, dividend on hold

Nov 15 2018

TEL AVIV, Nov 15 Bank Hapoalim, Israel's largest lender, reported higher quarterly net profit that beat estimates, but again decided not to pay a quarterly dividend due to an ongoing U.S. tax evasion investigation.

Franklin Templeton taps into Israel's $67 billion retail market

Nov 13 2018

TEL AVIV Franklin Templeton Investments entered the $67 billion Israeli retail market on Tuesday after the government allowed foreign firms to offer offshore products directly to investors.

Teva Pharm raises 2018 profit outlook, sees strong migraine drug launch

Nov 01 2018

TEL AVIV Teva Pharmaceutical Industries raised its 2018 earnings outlook, said it was seeing "a very strong launch" for its long-awaited migraine treatment Ajovy and expects to launch generic EpiPen in the fourth quarter.

Chipmaker TowerJazz sees fourth-quarter revenue missing forecasts

Oct 29 2018

TEL AVIV TowerJazz revenues will miss expectations in the fourth quarter after falling in the previous three months, the Israeli chip manufacturer said on Monday, citing weakness in the market and a switch to higher-margin products.

Check Point profit tops estimates, buys cloud security firm

Oct 24 2018

TEL AVIV Network security provider Check Point Software Technologies reported quarterly net profit that beat expectations and acquired Israel's Dome9 to strengthen its cloud security position but its fourth quarter outlook sent shares falling.

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