Category: cos
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Israeli autotech cos will have to disclose Chinese connections
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Dozens of Israeli companies that provide devices and programs for the global auto industry will be asked to disclose information about their relations with China as a condition for participating in future supply contracts with Western cars manufacturers. This is followed by new American regulations designed to prevent the import…
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After court victory, 5 Israeli cos exhibit at France’s Euronaval
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Five Israeli companies participated today in the prestigious Euronaval exhibition, which opened in France, five days after the Paris Commercial Court overturned the French government’s decision to ban Israeli companies from participating in the event, following a petition filed by the Israel Manufacturers Association, Israel Shipyards, and the Chamber of…
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French court overturns Euronaval ban on Israeli cos
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For the second time in the past four months, the Paris Commercial Court overturned a decision by the French government to ban Israeli companies from participating in a defense exhibition and ruled that they can participate in the Euronaval event, which opens on Monday. The court was responding to a…
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Chip equipment cos Nova, Camtek slip from peak
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Until two weeks ago, Israeli chip testing companies were Kamtech (NASDAQ: CAMT, TSE: CAMT) and Nova Co., Ltd. (NASDAQ:My soul; level:My soul) have been shining on Wall Street since the start of 2024, each rising just over 100% to record highs, also helping lift the Tel Aviv 35 Index this…
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Israeli defense cos signed export orders worth record $13b in 2023
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Israeli defense companies signed new export orders worth a record $13.073 billion in 2023, the Defense Ministry’s Directorate for International Defense Cooperation (SIBAT) said. This is the third year in a row that the record has been broken with new orders worth $12.5 billion in 2022, and $11.3 billion in…
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Margin Expansion of IT Cos. in FY25 Faces Significant Hurdles By Investing.com
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The latest Jefferies report casts doubt on the expected expansion in EBIT margins for IT companies in FY25. The consensus forecast is for an increase of 80 basis points year-on-year, to 20.3% for the sector. However, while there is optimism for a significant improvement of 380 basis points (240 basis…
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Edeltech buys Turkish co’s Ashdod – Ramat Negev Energy stake
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Edeltech Group announced that it has signed an agreement to acquire Zorlu Energy’s entire stake in Ezotech Electric, the joint venture through which Edeltech and Zorlu own power plants through Ashdod Energy and Ramat Negev Energy. The joint venture has cogeneration production licenses and a total electricity production capacity of…
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Two chip cos pull TASE upwards
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Two companies active in the international semiconductor industry that are traded on the Tel Aviv Stock Exchange have become shock absorbers for the local market, accounting for a large part of its rise this year. The two companies, Camtek (TASE: CAMT; Nasdaq: CAMT) and Nova (TASE: NVMI, Nasdaq: NVMI) (known…
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Int’l cos reluctant to bid for new TA light rail tenders
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Exactly one year ago, the NTA Metropolitan Mass Transit System published a multi-billion-shekel tender to operate the green and purple light rail lines in the Tel Aviv metropolitan area, which should start before the end of the decade. The tender required cooperation between Israeli and foreign companies and there was…