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Monthly Archives: July 2014
Leviathan gas field is larger than expected
The estimated size of Israel’s largest natural gas reserve was raised by 16 percent. An updated analysis based on 3D seismic surveys has calculated the field to hold 21.93 trillion cubic feet (620 billion cubic meters. http://www.jewishpress.com/news/breaking-news/leviathan-natural-gas-field-16-larger-than-expected/2014/07/16/
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Mobileye is a $3-5 billion company
Israeli collision avoidance solutions developer Mobileye is looking to raise $150 million in funding from its US public listing. Mobileye has developed a camera-based system mounted in vehicles that reads the road ahead and is designed to help drivers avoid … Continue reading
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Google’s $100m Europe fund to invest in Israeli startups
Five years after launching its Google Ventures investment fund, the Internet giant announced yesterday that it was launching a similar fund in Europe. sources informed “Globes” that Google will also use the fund to make investments in suitable Israeli start-ups. … Continue reading
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25 Israeli start-ups to watch
Forbes magazine has listed 25 Israeli startups to keep your eye on in 2014. It says that Kaltura is most likely to be “one of the next billion-dollar exits” thanks to its wide-ranging video solutions platform. It also likes Petbnb, … Continue reading
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Unlimited coffee is now available in New York
Israeli start-up “Cups” is expanding its virtually unlimited coffee supply to New York. Using Cups app, individuals pay a fixed rate of $45 dollars a month to receive a coffee of their choice at participating shops every half hour. Or … Continue reading
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Vietnam’s trade with Israel surges 53 per cent
Trade between Vietnam and Israel increased significantly during the first half of this year, reaching US$426 million or increasing 53 per cent year-on-year. http://vietnamnews.vn/economy/257701/trade-with-israel-surges-53-per-cent-in-h1.html
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China boosts Israel ties
A Chinese delegation, headed by Ren Zhiwu – deputy director-general of the High-Tech Industry Department of the National Development and Reform Commission (NDRC) – arrived in Israel, the first time the high-level government team has come to Israel. http://www.timesofisrael.com/high-level-visitors-boost-israel-china-business-ties/
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We’re at war, and the stock market is up? Go figure!
Jon Medved, CEO of Israel’s OurCrowd is extremely bullish about the financial resilience of Israel’s economy during the current fighting against Hamas terrorists. http://ourcrowd.ontraport.net/c/s/szj/zG6e/6/9P/sW4/62eN1b/szfaOQ8oaP
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Tel Aviv Stock Exchange joins Europe
The General Assembly of the Federation of European Securities Exchanges (FESE) unanimously approved the application of Tel-Aviv Stock Exchange (TASE) to become an Affiliate member. FESE has 21 Full members, 20 Affiliates and two Observer members. http://www.tase.co.il/Eng/NewsandEvents/PRArchive/2014/Pages/PR_20140618_2.aspx
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Israel employment rate rise is highest in the OECD
The Organization for Economic Cooperation and Development (OECD) has reported that between 2010 and 2014, Israeli employment rose 13% compared to the OECD average of 2%. The employment rate for Israeli women was 6.5% higher than the OECD average. http://www.globes.co.il/en/article-israels-employment-rate-rise-highest-in-oecd-1000955483
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