Skoda accelerates in Israel

Czech car-maker Skoda has revealed that it is working with two Israel-based startups - Chakratec and UVeye and already testing their technologies. Skoda started seeking Israeli innovation in 2017 and has already partnered with Israel’s Anagog, XM Cyber, Guardian, and Otonomo.

Israel is a hot spot for tourism

Having broken the all-time record for tourist numbers to Israel, the Israel Hotel Investment Summit some of the top world hoteliers have come to Israel and are ready to invest.  In particular, the number of tourists visiting Jerusalem rose by 38% in the past year.

Salary growth declines, except in Israel

The Global Wage Report 2018/19 finds that the world’s average wage growth slowed in 2017 compared with 2016 and is considered the lowest rate since 2008. But in Israel, the average real wage has increased every year since 2013 when the rise was 1.4%. In 2017 wages rose 3%.

Direct flights to Vietnam

Vietnam Airlines has announced that it will start direct flights, twice-a-week, from Hanoi to Tel Aviv from Sep 2019. Vietnam Airlines CEO Thanh Tri Duong was reportedly in Israel in November for meetings on the new operation. He also signed a code-sharing agreement with El Al.

Israeli security and water for UN African Peacekeepers

The United Nations has signed an $8 million agreement Israel’s MER for defense sensors in Africa where 61 peacekeepers were killed last year. In addition, Israeli water treatment technology company Odis has won a UN tender worth $42 million.

Radar protection for South Korea

ELTA Systems Ltd., a subsidiary of Israel Aerospace Industries (IAI), has won a deal reported to be worth $292 million to supply two long-range warning systems to South Korea. The mobile, ground-based Green Pine radar systems detect and track long-range missiles.

Keeping Chinese eyes on the road

New regulations come into force in Shenzhen, China in 2019 that require all heavy trucks to have driver monitoring systems. So, China’s Exsun has partnered with Israel-based motion recognition startup EyeSight Technologies to integrate its systems with Exsun’s truck fleet management tools.

German firm acquired for $100 million

Israeli companies don’t exit as much as they did a few years ago., Israeli gaming giant Playtika has just bought out its German rival Wooga (makers of puzzles) for $100 million. Playtika’s annual revenue following the acquisition will surpass $1 billion.  No small shakes!

Moving from Cloud to Cloud to IBM

Israeli startup NooBaa’s technology makes it easy for companies to move data from one Cloud location to another or manage it in multiple locations as if in a single coherent data set. Anyway, NooBaa’s software is so good that Red Hat Inc (owned by IBM) just had to buy the company.

Free cybersecurity for the hotel industry

Israeli cybersecurity startup ITsMine is to provide its AI-based Data Loss Prevention solution free of charge to the worldwide hotel industry through the end of 2019. It follows Marriott hotel’s recent data breach that exposed the financial data of approximately 500 million guests.