I reported previously (see Sep 20 2015) the discovery by Israeli company Afek of oil in the Golan Heights. Afek Oil and Gas chief geologist Dr. Yuval Bartov now says that the oil strata is 350 meters thick – over … Continue reading →

Israeli IT giant Mellanox has bought Israeli microprocessor manufacturer EZchip for around $811 million. The combined businesses currently have 2,400 employees, and generated combined revenue of $668 million for the year ended Jun 2015. Both firms are located in Yokneam … Continue reading →

Global bank Barclays is opening an accelerator in Tel Aviv for startups in financial-tech and cyber security. Barclays Derek White said “We’re excited about the prospect of tapping into Tel Aviv’s hot-bed of innovation, connecting some of the world’s most … Continue reading →

For the 4th year, MasterCard is offering a $25,000 prize for an Israeli startup to help the international giant improve its electronic payments and financial services. The winner can also join the MasterCard Start Path global program, the company’s financial … Continue reading →

Israeli bio giant Teva has purchased Mexico’s Representaciones e Investigaciones Médicas, S.A. de C.V. (Rimsa) for $2.3 billion. Teva expects the deal will yield substantial and achievable synergies and offer a platform for growth in the region. http://www.globes.co.il/en/article-teva-buys-mexican-pharmaceutical-co-rimsa-for-23b-1001071201  

The Mexican government has purchased an advanced intelligence-gathering drone made by Israel’s Aeronautics. The Dominator XP is based on a DA-42 twin star commercial plane, and is designed to provide intelligence, surveillance, and reconnaissance flight missions. http://www.jpost.com/Breaking-News/Mexico-purchases-Israeli-drone-for-domestic-security-missions-419744 http://www.globes.co.il/en/article-israeli-co-aeronautics-wins-30m-mexican-drone-deal-1001070772  

A new non-profit organization Start-up Nation Central has been launched to connect companies and countries to the people and technologies in Israel that can solve their most pressing challenges. Founded by US hedge fund billionaire Paul Singer with Dan Senor, … Continue reading →

Tennessee Governor Bill Haslam has returned from taking an 18-person delegation to Israel. He said there already have been second and third connections since the business venture. Tennessee provides a low-cost location compared to New York, San Francisco and L.A. … Continue reading →

Hila Oren is CEO of Tel Aviv Global (TAG) a city-run company whose goal is to turn Tel Aviv into a global hot spot for innovation. Here are some of the key initiatives TAG has implemented to cultivate the ecosystem … Continue reading →