Two Israelis - Yael Kochman and Alla Foht, have partnered with eBay to launch “Re: Tech”, a Retail Tech Hub in the heart of Tel Aviv. It has attracted 170 Israeli startups and over 2,000 entrepreneurs and investors who use offices for up to 16 people and an open space with 20 workstations.
I reported previously on two investments by Leonardo DiCaprio in Israeli startups. Now he has become a partner in the building of a new eco-friendly hotel at the Herzliya Marina. DiCaprio, runs the Leonardo DiCaprio Foundation, which promotes environmental awareness.
Switzerland’s Edelweiss Airlines, which is part of the German Lufthansa group, will offer direct flights from Zurich to Eilat beginning October 28th. “Eilat, the southernmost city in Israel, offers numerous possibilities for active and varied holidays,” Edelweiss announced.
Whisky Live is an international exhibition held at locations around the globe and is considered the premier industry trade event. The convention arrived at Tel Aviv’s Azrieli Mall, where Israeli distilleries displayed their increasingly popular products to the world.
Hundreds of English-speaking men and women participated in the Anglo-Israeli Empowerment Conference in Jerusalem. The Orthodox Jewish Chamber of Commerce’s Israel branch brought dozens of VIP presenters to help Anglo-Israeli entrepreneurs and professionals.
Israel’s OurCrowd, a global leader in equity crowdfunding, has opened a new office in London - its 10th global location. OurCrowd expects to add thousands of new UK investors and help Israeli startups penetrate the UK market. OurCrowd also made Fast Company's Most Innovative Companies list for 2018.
I often report on Israel’s reserves of foreign currency which increased by $14.6 billion in 2017 to a record $113 billion. The Bank of Israel invested this, earning a 3% return – nearly twice the average rate of return for the previous three years.
Israel’s unemployment rate at the end of Jan 2018 stands at 3.7%, down from 4% at the end of Dec 2017. The last time unemployment was this low was in the early 1970s, before the 1973 Yom Kippur War, when it stood at 3.4 percent. For the first time, more women than men are in work.
HP Indigo employs 3,000 in Israel with $1 billion of annual exports. It recently flew in 750 customers from 50 countries to showcase HP’s newest technologies in digital printing, all of them made in Israel. For many it was their first visit to the Jewish State.
Six-time NBA All-Star Amar’e Stoudemire has launched a line of kosher-for-Passover Israeli wines. After 3 years of talks with the Israel Wine Producers Association Stoudemire realized the opportunity when he relocated to Israel in 2016 to play for the Israeli team Hapoel Jerusalem.