Israel’s Mindspace provides beautiful and inspiring office space for startups in prime locations in Tel Aviv and Germany. Mindspace has just raised $15 million to fund the opening of five new locations and expand within Europe and to the US. … Continue reading →

The Israeli city of Eilat is to expand massively with the construction of 7,000 hotel rooms, 18,000 new homes, industrial zones, an international sports center, municipal parks, and a waste facility. http://www.globes.co.il/en/article-eilat-to-double-in-size-1001179982

Chinese electronics giant Midea Group has acquired control of Israel’s Servotronix at a company value of $170 million. Servotronix develops automation solutions focused on motion control for robotics, printing, medical equipment, renewable energy etc. Development will continue in Israel. http://www.globes.co.il/en/article-chinas-midea-buys-israeli-co-servotronix-1001176475

Israel’s Carmit Candy Industries launched its new vegan “milk” chocolate snacks, coins and buttons at the Natural Product Expo West, Anaheim USA. The product line is fully dairy-free, gluten-free and has no artificial colorings, flavorings or preservatives – addressing most … Continue reading →

Israeli startup HiBob is developing a computer system for UK insurance giant Aviva, whose market cap is $20 billion. The system allows small and medium-sized businesses to simplify the establishment of a pension plan for their employees. http://www.globes.co.il/en/article-hibob-teams-with-uk-insurance-co-aviva-1001179482

Accounting software giant Sage has ranked Tel Aviv University eighth in the world for training the founders of so-called unicorns – startup firms worth more than $1 billion. Tel Aviv alumni have founded seven such companies, including ForeScout, ironSource and … Continue reading →

I reported previously (Nov 13) that Air India was commencing flights between Tel Aviv and Mumbai.  They have just announced a new service to New Delhi, commencing in May. Air travel between India and Israel increased by 22.8% in 2016 … Continue reading →

Israeli Finance Minister Moshe Kahlon and Japanese Foreign Minister Fumio Kishida signed a bilateral investment treaty, in another move to strengthen diplomatic and trade ties between the two nations. http://www.israelhayom.com/site/newsletter_article.php?id=40041

Venture capital investments in Israel last year bucked the downward trend elsewhere because (a) realistic values of Israeli companies; (b) Israel’s focus on frontier technologies; (c) the growth in Israel of late stage funding rounds; (d) a new influx of … Continue reading →

Israel’s foreign exchange reserves at the end of Feb stood at $102 billion – an increase of $420 million from their level at the end of Jan, and another all-time record. http://www.boi.org.il/en/NewsAndPublications/PressReleases/Pages/7-3-17ForexReserve.aspx