Monthly Archives: September 2021

General Motors expands in Israel

The General Motors Technical Center in Israel is expanding its activities in the electric and autonomous vehicle market. To house its 600 staff, it is paying NIS 300 million to rent office space in Herzliya for the next 10 years. … Continue reading

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Make-up take-over

Israeli startup Voyage81 has been acquired by US-based cosmetics company Il Makiage. Voyage81’s AI-based hyperspectral imaging technology for smartphones will be used by Il Makiage to enhance its own PowerMatch algorithm for matching a consumer’s skin tone to the company’s … Continue reading

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Direct flights from Bahrain and Cairo

Gulf Air, Bahrain’s national airline, is launching twice-weekly flights to Tel Aviv beginning 30 Sep. And EgyptAir the national airline of Egypt, is reportedly going to operate direct flights between Cairo and Tel Aviv from early Oct. https://www.israelnationalnews.com/News/News.aspx/313238 https://www.timesofisrael.com/egyptair-to-launch-direct-tel-aviv-cairo-flights-next-month/

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Gulf Port of Haifa opens

Israel has officially inaugurated the new port terminal in Haifa Bay (see here previously).  It aims to fuel competition, decrease import costs, and remove handling delays that have been costing some NIS 700 million every month.  It will hopefully be … Continue reading

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Startup job vacancies skyrocket

Job vacancies at the 240 portfolio companies of Israel’s OurCrowd soared by 300% in Q2 2021. Nearly two-thirds of the startups planned to recruit more staff in the remainder of 2021. 80% had implemented hybrid working models (home and office). … Continue reading

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Record currency reserves; deficit down again

During August, Israel’s foreign currency reserves rose by over $4 billion to almost $206 billion. Israel’s cumulative fiscal deficit fell from 9.2% at end July (see here previously), to 8% at the end of August. https://www.boi.org.il/en/NewsAndPublications/PressReleases/Pages/05-09-21.aspx https://en.globes.co.il/en/article-israels-fiscal-deficit-narrows-to-8-1001384647

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Transform your text into video

Israel’s Hour One enables users to create a video without having any background in video production. The AI-based video production platform creates content from text, using computer-generated synthetic characters based on real people, for professional and commercial use. https://www.calcalistech.com/ctech/articles/0,7340,L-3916957,00.html https://www.hourone.ai/ … Continue reading

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Extending the EV range

Israel’s Silib is developing technology to increase the battery capacity of electric vehicles by 40%. It adds pure silicon to existing Li-ion batteries, while avoiding the common industry problem that causes them to swell and lose capacity.   https://www.si-lib.com/ https://jewishbusinessnews.com/2021/08/29/breakthrough-silib-increases-electric-vehicles-range-by-40/

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How to get a hi-tech job in Israel

Three new Olim (immigrants to Israel) describe how they obtained employment in Israel’s hi-tech industry. Read about Keren Starobinski, 24, from Newton, Massachusetts; Lilly Liebman, 22, from San Diego; and Gavin Coulson, 27, from Colorado. https://www.jpost.com/jpost-tech/meet-the-hi-tech-olim-finding-job-success-677791

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Send an experiment on Israel’s moon mission

SpaceIL is requesting proposals for researchers worldwide to offer experiments to be used in the Israeli non-profit’s upcoming Beresheet 2 mission to the moon. Proposals must be submitted by Nov 15, 2021, with the mission scheduled to be launched in … Continue reading

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