Israel exports to Gulf states worth $1 billion

Israel's exports to Gulf Arab states were worth nearly $1 billion in 2016, despite their refusal to recognize Israel or have diplomatic relations with it. Israeli exports outstripped those to allies and giant economies such as Russia and Japan.

UK Centrica funds Israeli cyber company

I reported previously that UK Energy firm Centrica was investing in and acquiring Israeli startups.  It has now participated in a $18 million funding round for Israeli cybersecurity startup Indegy, which provides cybersecurity technology for industrial control systems.

More direct flights

China’s Sichuan Airlines is launching a new direct route connecting Tel Aviv with Chengdu, the capital of the Sichuan province in Southwest China. The twice-weekly service commences on 26th Sept and flight times are just 8 hours 20 minutes. Meanwhile, Delta Air Lines is to operate a second daily direct service from New York’s JFK to Tel Aviv, in Summer 2019.

More Russian broadband connectivity

I reported on previous deals won by Israel’s Gilat Satellite Networks with two Russian satellite operators. Now Gilat will install two SkyEdge II-c gateways for the Yamal 601 Ka satellite, operated by Gazprom Space Systems, to provide broadband services in remote areas of Russia.

BBC admits Israel is creating UK jobs

What a contrast to the BBC’s normal biased anti-Israel reporting.  BBC World’s “Talking Business” program included this feature by Jonathan Josephs. It highlights the UK-Israel Tech Hub as the ideal model to expand UK hi-tech business and create jobs post Brexit.

Visa invests in Israeli Fintech startup

I reported previously on Israel’s Behalf which provides short-term loans having used hi-tech to decide on a company’s risk profile. Now financial giant Visa is partnering Behalf to “support small business growth”.  Behalf’s clients receive a tokenized Visa Virtual Card.

Bringing Hungarians and Bulgarians to Eilat

Low cost Hungarian airline Wizz Air is commencing twice-weekly flights from November between Eilat and both Budapest and Sofia.  Wizz already operates services from Eilat to London, Vienna, Bucharest, Riga, and Warsaw.

Gett generates $1 billion of revenue

Israel’s Gett makes 100 million rides a year, mostly with its London and NYC taxis. This generates around $1 billion in mobility services, according to Stockholm-listed venture capital firm Vostok New Ventures Ltd in its latest financial report.

Warren Buffet buys more Teva shares

Warren Buffett’s Berkshire Hathaway Inc. has upped its stake in Israeli biotech Teva by another 6.7%. Berkshire Hathaway now owns nearly $1 billion of Teva shares.

More Israeli hostels

Good news for backpackers.  Latin American hostel and co-working company Selina and Israel’s Ampa Real Estate have been scouting locations in Tel Aviv, Jerusalem, Haifa and the southern Negev desert. Selina intends to open several hostels with a combined capacity of 5,000-7,000 beds within five years.