Israel’s economy grew by 15.4% in the second quarter of 2021 (Apr to Jun). This was more than most other OECD countries (e.g., Canada 13.8% and the United States 12.2%). https://www.jns.org/israeli-economy-jumped-15-4-percent-as-corona-restrictions-eased/

International data center solutions giant EdgeConneX has acquired Israel’s Global Data Center (GDC – see here previously) for an estimated $300 – $400 million (approximately NIS 1 million). GDC has only 20 employees and operates only in Israel. This may … Continue reading →

Brain.Q raised $40 million; Browzwear raised $35 million; Imubit raised $30 million; Circles raised $8 million; retrain.ai raised $7 million; CASTOR raised $3.5 million;

Israeli cloud server monitoring startup Epsagon (see here previously) has been taken over by US giant Cisco for $500,000. It is Cisco’s second-largest acquisition of an Israeli company, following the purchase of NDS for $5 billion in 2012. https://www.calcalistech.com/ctech/articles/0,7340,L-3915194,00.html

Jared Kushner is reported to be in the final stage of launching an investment firm, Affinity Partners, based in Miami. He is also looking to open an office in Israel to pursue regional investments connecting Israel’s economy with those of … Continue reading →

Boutique airline La Compagnie is launching a business-class-only service to New York via Paris.  All 76 seats on the plane are Business Class.  The service will commence on 5th Sept – if the pandemic situation allows for it. https://www.timesofisrael.com/boutique-airline-to-launch-all-business-class-tel-aviv-paris-new-york-flights/

Sales at Israel Aerospace Industries (IAI) during the first half of 2021 rose by 22% to a record $2.2 billion. IAI employs around 15,000 people and is responsible for the Beresheet lunar lander, the Ofek 16 satellite and the Arrow … Continue reading →

Israel’s government has partnered the American Communities Helping Israel (ACHI) organization to sell Israeli products in the US and Canada. Israeli businesses can join the scheme, under the slogan “Think Israel – Buy Israeli”, if they have a permit to … Continue reading →