Israeli chocolatier Max Brenner opened its first branch in China. The Beijing branch, located at THE PLACE mall in the city’s financial district, is the latest of 65 worldwide storefronts.  The company also recently opened the doors of its fifth … Continue reading →

Global microprocessor manufacturer Intel spends an annual average of $1 billion on procurement from 1,000 different Israeli suppliers.  The company has spent $10 billion on procurement in the Israeli market over the past decade. http://www.globes.co.il/en/article-intel-israeli-procurements-worth-10b-in-past-decade-1001114133

The latest estimate of Israel’s Hatrurim oil reservoir, north of the Dead Sea, is 7 million barrels – worth around $321 million at today’s prices. http://unitedwithisrael.org/oil-field-near-dead-sea-found-to-contain-7-million-barrels/

Israel’s reserves of foreign currency shot up another $900 million at the end of April to another record – $95.685 billion.  The Bank of Israel is trying to counter the strength of the Shekel. http://www.boi.org.il/en/NewsAndPublications/PressReleases/Pages/05-05-2016ForexReserve.aspx http://www.globes.co.il/en/article-israels-foreign-currency-reserves-rise-sharply-1001122288

Israel’s Alon MedTech Ventures incubator, is signing a cooperation agreement with Tsinghua University, one of China’s leading universities. This is the first cooperation agreement of its kind between an Israeli technology incubator and a Chinese entity. http://www.globes.co.il/en/article-israeli-incubator-teams-with-chinese-university-1001113554

China’s Hainan Airlines has begun operating a direct Beijing – Tel Aviv route three times a week. Hainan Airlines is China’s largest privately-owned airline. Israel is to increase its annual marketing budget for China from 1 million to 15 million … Continue reading →

Israel’s Hype Start-Up Foundation is offering a 100,000 Euro ($113,000) prize to attract startups, entrepreneurs and veteran companies to develop apps and technology that will enhance the Olympic experience for fans, broadcasters, players, and anyone else connected with the games. … Continue reading →

Israel’s Frutarom has paid $8.2 million for Germany’s Extrakt Chemie – maker of natural extracts including some used to treat liver diseases, digestive problems and prevent infections.  Frutarom’s fifth acquisition of 2016 is active in Denmark, Switzerland, France, Austria and … Continue reading →

Israel’s Magal S3 has acquired Canada’s Aimetis for around $14 million. Aimetis’ IP video management software will enhance the state-of-the-art perimeter intrusion detection systems developed by Senstar – a subsidiary of Magal. http://www.globes.co.il/en/article-magal-acquires-canadian-co-aimetis-for-14m-1001114468