Israel’s Teva is spending another half-a-billion dollars to buy Allergan’s Anda, the 4th largest distributor of generic treatments in the U.S. Teva will acquire distribution centers in Olive Branch, MS; Weston, FL and Groveport, OH, with a total of over … Continue reading →

Israel’s SoLoMoTo provides a digital platform to help small and medium businesses (SMBs) control their online trading. SoLoMoTo now has over 100,000 customers and is about to launch in the USA which has 30 million SMBs. http://www.businesswire.com/news/home/20160808005224/en/Reaching-100000-SMBs-Internationally-SoLoMoTo-Enters-Market https://solomoto.com/ https://www.youtube.com/watch?v=O73RPd914PA

I reported on Israeli startup Zeek previously (in Sep 2014). Zeek’s app and website allows users to buy gift cards and vouchers at a discount and sell unwanted gift vouchers for cash. Zeek has since expanded to the U.K. and … Continue reading →

Fintech firms flourish in Israel due to strong overseas interest, innovation and local talent devoted to addressing the specific needs of this industry. Israel has approximately 430 fintech companies.  Six are highlighted in this article, with “I Know First” and … Continue reading →

Fintech firms flourish in Israel due to strong overseas interest, innovation and local talent devoted to addressing the specific needs of this industry. Israel has approximately 430 fintech companies.  Six are highlighted in this article, with “I Know First” and … Continue reading →

Trade between Israel and Kazakhstan rose 36 percent in the first half of 2016 compared to the same period last year. Israel’s exports to Kazakhstan (mainly manufactured goods and chemical products) amounted to $18 million (16 million euros), up $2 … Continue reading →

Israel’s foreign exchange reserves at the end of August 2016 stood at a record $97,626 million – an increase of $233 million from their level at the end of the previous month. http://www.boi.org.il/en/NewsAndPublications/PressReleases/Pages/ForexReserves7-9-16.aspx

Israel’s exports continue powering ahead: in June-August 2016, the export of goods (excluding ships, planes and diamonds) rose an annualized 11.5%.  Exports of hi-tech goods and medicines were chiefly responsible for the increase. http://www.globes.co.il/en/article-israeli-exports-jumped-115-in-june-august-1001152220