Bar Refaeli accused of concealing income of NIS…

The taxation and economic section of Israel's State Prosecutor's Office has notified super-model Bar Refaeli and her parents, Tsipi and Rafael Rafaeli, that prosecuting them for tax offenses is being considered, subject to a hearing.…

Shekel extends gains on volatile markets

The shekel is strengthening for the second straight day despite global market volatility provoked by Apple's profit warning. The shekel is strengthening today against both the dollar and the euro. In afternoon inter-bank trading, the…

Elbit Systems awarded Raytheon laser deal

The Israeli defense electronics company has won a contract from Raytheon to provide the Two Color Laser System (TCLS) for the Multi-Spectral Targeting System. Israeli defense electyronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT)…

Tel Aviv metro delayed by elections

The decision about the Tel Aviv metro, the mass transit subway system connecting many cities in central Israel designed as a true solution to the problem of traffic jams in the region, will be delayed…

Kitov Pharmaceuticals soars on US distribution agreement

Kitov Pharmaceuticals (TASE: KTOV; NasdaqCM: KTOV) has announced an exclusive marketing and distribution agreement with Coeptis Pharmaceuticals for the US market. Coeptis will commercialize Kitov’s combination drug, Consensi, intended to treat osteoarthritis pain and hypertension…