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Last updated on April 24, 2014 at 16:36 EDT

Latest Economy of Israel Stories

2013-11-28 04:20:19

TEL AVIV, Israel, Nov. 28, 2013 /PRNewswire/ -- Delek Group Ltd. (TASE: DLEKG, OTCQX: DGRLY) (hereinafter: "Delek Group" or "The Group") announced today its results for the three and nine month period ended September 30, 2013. The full financial statements will be available in English on Delek Group's website at: www.delek-group.com. FIRST NINE MONTHS 2013 HIGHLIGHTS -- Group operating profit of NIS 1.5 billion, an increase of 69% compared with...

2013-11-26 08:32:50

TEL AVIV, Israel, November 26, 2013 /PRNewswire/ -- Elbit Imaging Ltd. (the "Company") (TASE, NASDAQ: EMITF) announced today, further to the Company's announcement on November 14, 2013 (the "Previous Announcement"), the results of the meeting (the "Meeting") of the Company's unsecured financial creditors that voted on the general terms of agreement to be entered into with Bank Hapoalim B.M. (the "Bank") as described in the Previous Announcement (the "Proposed Refinancing")....

2013-11-25 08:22:55

TEL AVIV, Israel, November 25, 2013 /PRNewswire/ -- Elbit Imaging Ltd. (NASDAQ: EMITF) ("Elbit") announced today that its subsidiary, Plaza Centers N.V. (LSE: PLAZ, WSE: PLZ/PLAZACNTR) ("Plaza"), has announced the availability of a financial analysis report, prepared by external independent advisory firm Baker Tilly, in support of Plaza's restructuring plan, on Plaza's website. A full copy of the report is available to view on Plaza's website:...

2013-11-20 04:20:13

TEL AVIV, Israel, November 20, 2013 /PRNewswire/ -- Elbit Imaging Ltd. (NASDAQ: EMITF) ("Elbit") announced today that its subsidiary, Plaza Centers N.V. (LSE: PLAZ, WSE: PLZ/PLAZACNTR) ("Plaza"), has announced that further to the announcement dated November 14, 2013, that Plaza has filed for reorganization proceedings with the District Court of Amsterdam in the Netherlands (the "Court") and submitted a restructuring plan to the Court. Pursuant to Dutch reorganization...

2013-11-19 16:30:58

PARAMUS, New Jersey, November 19, 2013 /PRNewswire/ -- SOURCE Ceragon Networks Ltd

2013-11-14 08:34:55

TEL AVIV, Israel, November 14, 2013 /PRNewswire/ -- Elbit Imaging Ltd. (NASDAQ: EMITF) (the "Company") announced today that, with reference to the Strategic Joint Venture and Shareholders Agreement (the "Agreement") entered into between the Company and its subsidiary Plaza Centers N.V. ("Plaza") with respect to joint venture projects in India (as detailed in the Company's announcement of August 26, 2008), it had received notice from Plaza demanding full and immediate...

2013-11-14 04:22:11

TEL AVIV, Israel, November 14, 2013 /PRNewswire/ -- Elbit Imaging Ltd. (NASDAQ: EMITF) ("Elbit") announced today that its subsidiary, Plaza Centers N.V. (LSE: PLAZ, WSE: PLZ/PLAZACNTR) ("Plaza"), has announced that as consistently reported in Plaza's statements to shareholders, Plaza has faced challenging market conditions for some years. As indicated by Plaza, these have primarily been caused by the underlying economic situation in many of the countries in which Plaza...

2013-11-13 08:21:24

AZOUR, Israel, November 13, 2013 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the amount of NIS 0.60 per share or $0.17 per share, totaling approximately NIS 12.6 million or US$3.5 million. The dividend will be paid to shareholders of record as of December 23, 2013. The Company will pay the dividend out on January 8, 2014. In its decision to approve the distribution...

2013-11-13 08:21:10

Record Operating Income of $10.8m and EPS of $0.33 AZOUR, Israel, Nov. 13, 2013 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN, TASE: ITRN), today announced its consolidated financial results for the third quarter ended September 30, 2013. Highlights of the third quarter -- A 19 thousand increase in net subscribers in the quarter, to a record of 721 thousand as of September 30, 2013; -- Record gross margin at 51.8% and record operating margin at 25.5%;...

2013-10-31 08:22:35

AZOUR, Israel, Oct. 31, 2013 /PRNewswire/ -- At the Extraordinary general meeting of the shareholders of Ituran Location and Control Ltd. (NASDAQ: ITRN) (TASE: ITRN), (the "Company"), held on October 31, 2013, the following resolution was adopted: 1. To approve the Company's Compensation Policy, as more fully described in the proxy statement. A total of 12,806,412 ordinary shares (83.5 %) voted FOR this resolution, 2,501,109 (16.3%) ordinary shares voted AGAINST this resolution and...