Monthly Archives: March 2017

Life’s too short for a boring office

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

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Eilat to double in size

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

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Servotronix exits for $170 million

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

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Gluten-free vegan chocolate

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

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Pension policy selection for Aviva customers

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

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Tel Aviv Uni is a startup start-up

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

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Flights to New Delhi

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

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Investment treaty with Japan

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

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Global Venture Capital slowdown – but not in Israel

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

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Currency reserves continue to rise

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

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