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Israir in Talks to Acquire Czech Airline ‘Smartwings’

Smartwings has more than 40 aircraft and flies some six million passengers annually. Israir has just six aircraft and 400 employees at present.

El Al, ISSTA to Create Joint Venture Within 90 Days

Once the deal is finalized, El Al and ISSTA will own equal shares – 40 percent each – and the airline’s controlling shareholder, Kenny Rozenberg, will own 20 percent.

Confused in Ramat Gan

A massive PLO flag was hung on on the Tel Aviv Stock Exchange building on Wednesday.

Tel Aviv and Abu Dhabi Stock Exchanges Sign MOU on Cooperation

One of the main purposes of the MOU is to examine opportunities for possible collaboration, including cross-listing of securities, mutual trading between members of the stock exchanges, investor access to both markets, the establishment of fintech and other market infrastructure technologies, and the sharing of data and other information for the development of new products.

Yitzhak Ezer, Chairman of Israel’s Paz Oil, Resigns

Paz Oil is 61 percent owned by a conglomerate of Israeli financial institutions led by Clal Insurance, Meitav Dash, Phoenix Holdings, Harel Insurance, Menora Mivtachim and Migdal Insurance.

Israel Gets NIS 17.6 Trillion Valuation

TASE conducted an initial estimate of the valuation the State of Israel would achieve if it were floated on the exchange.

Israel Securities Authority to Bar Bitcoin on TASE

Two firms that have moved to bitcoin and are currently listed on the TASE, Blockchain Mining and Fantasy Network, a gaming company, may be suspended due to the new rules.

El Al Continues to Drop, Dollar Rises

The major indices on the Tel Aviv Stock Exchange (TASE) traded almost unchanged Tuesday with the TA-35 moving 0.03 percent and the TA-125 edging up 0.21 percent.

Delek Drilling LP Sells Rights in Tamar Gas Field

The “floatation” is worth about $1.2 billion, the biggest ever to be offered on the Tel Aviv Stock Exchange (TASE).

Oded Kobo’s, Roman Abramovich’s Shellanoo Planning TASE IPO

Shellanoo investors include music industry leaders including them Will.i.am, David Guetta, Tiesto, Nicki Minaj, Avicii, Benny Andersson (of ABBA fame).

New Israeli Gas Field Discovered, ‘Greatest Potential Since Leviathan’

A new natural gas reservoir has been discovered off the coast of Israel, about the same size as the Tamar gas field.

Gaza Clash Had Limited Impact on Israel’s Economy

Economic facts about Israel in the aftermath of Operation Pillar of Defense.

Hackers Shut Down Stock Exchange, El Al Sites

Hackers followed through with their pledge to step up their cyber war with Israel, shutting down the websites of the Tel Aviv Stock Exchange and El Al Airlines on Monday.

Tel Aviv Stock Exchange Up

The Tel Aviv Stock Exchange (TASE) rose strongly in trading Sunday.

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Printed from: https://www.jewishpress.com/news/business-economy/israir-in-talks-to-acquire-czech-airline-smartwings/2023/06/28/

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