Hong Kongs Ion Pacific raises $30m Israel tech…

Hong Kong merchant bank Ion Pacific's Israeli subsidiary IL Pacific has raised $30 million for its debut structured secondaries fund. The fund is focusing on acquiring secondary positions in technology, venture and growth capital funds,…

Dov Moran: I want to be the worlds…

Dov Moran is one of Israel's best known breakthrough entrepreneurs. As founder and CEO of M-Systems, he invented the disk-on-key (USB Flash Drive), which he sold to Sandisk for $1.55 billion in 2006. Subsequently, he…

Shufersal rebrands New Pharm, launches as Be

Today, one year after completing the acquisition of New Pharm from Hamashbir 365 Holdings Ltd. (TASE:MSAH), Shufersal Ltd. (TASE:SAE) launched the new pharmacy chain Be in the Midtown Towers. Shufersal is trying to rejuvenate the…

Via teams with Dan to bring ridesharing to…

Israeli ridesharing company Via Transportation, which develops and operates smart public transportation in the US and Australia, today announced a ridesharing pilot in Israel. According to the announcement, the pilot will be launched in early…

Elbit opens fourth Romanian production plant

Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) today inaugurated a new Land Systems engineering and manufacturing facility near Bucharest, Romania. The ceremony was attended by senior officials and industry representatives. The…

Cannabis co Panaxia to merge into stock market…

Following cancelation of the deal for merging Brown Hotels into it, stock exchange shell Herodium (TASE: HROD) has found an interesting alternative: cannabis company Panaxia. Herodium's share price zoomed 80% following the announcement, pushing the…