ChemChina completes Makhteshim Agan buy
Koor will report a net profit of NIS 582-674 million on the sale. Makhteshim CEO Erez Vigodman will receive NIS 16 million for his options.
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Debt recycling fund Origo to lend packaging co Tadbik NIS 50m
Origo has an option to buy 8.66% of Tadbik unit Tadbik Pack at NIS 40 per share, and an option to sell the shares at NIS 53.8 per share.
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Tnuvas numbers revealed
In 2010 Tnuva’s had sales of NIS 750 billion, and made a NIS 450 million profit.
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Shekel strengthens after surprise interest rate cut
The shekel-dollar exchange rate fell 0.39% in morning inter-bank trading to NIS 3.71/$.
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Elbit Systems to buy back shares
After a 27% drop in its share price since January, buyback on the TASE will amount to NIS 135 million.
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Netanyahu approves NIS 3 billion cut in Defense Ministry's budget
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Shekels strengths against dollar, euro
The shekel-dollar exchange rate is trading at over NIS 3.70/$ for the first time in seven months.
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Nitsba to build 800-room Tel Aviv hotel
The developer won an Israel Land Authority tender with a NIS 50.5 million bid.
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Green courthouse planned for Tel Aviv
The new building is scheduled to be ready in 2014 and will cost around NIS 300 million.
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Discount Bank beats analysts
Second quarter net profit rose 48% to NIS 231 million.
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Hapoalim second quarter profit up 43%
Earnings per share of NIS 0.54 handily beat the consensus estimate of NIS 0.48.
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Menorah results presage large insurance sector losses
Menorah Mivtachim reported a net profit of NIS 56 million in the first half of 2011 down 52% from the corresponding half of last year.
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Africa-Israel posts NIS 32m Q2 profit
Operating profit rose to NIS 307 million for the second quarter from NIS 12 million for the corresponding quarter.
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Gazit-Globe Q2 profit up
Net profit attributable to shareholders rose to NIS 251 million from NIS 149 million for the corresponding quarter.
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IEC switches to profit
Israel Electric Corporation made a profit of NIS 506 million in the first half of 2011, on revenue of NIS 10.18 billion.
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Strauss net profit halved on higher revenue
Strauss posted a net profit of NIS 26 million on NIS 1.81 billion revenue for the second quarter.
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Koor sells NIS 918m of Credit Suisse shares
Koor reported that after the sale it still holds shares worth NIS 3.2 billion in the Swiss bank.
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Shekel weakens as US reaches debt deal
The shekel-dollar exchange rate rose 1.1% in morning inter-bank trading to NIS 3.449/$.
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Water consumption drops 7.5% in first six months of year
Mekorot says despite drop, “water crisis is still not behind us,” announces plans to invest NIS 3b. to “change direction of water supply.”
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As Bibi Jettisons Oil Spike, Coal Prices To Shoot Up and more
Coming soon, a spike in coal taxation will lift the sum to NIS 1b in 2012. The excise hike at NIS 66 per ton of coal will see the electricity rate raised 4 percent. In article in Globes compares the tax excise to a recent Bibi gas price spike earlier this year, when gas prices [...]