New immigrants (Olim) are currently eligible for income-tax deductions for up to three and a half years. A new bill going through the Knesset (Israeli Parliament) will add NIS 223 per month to the amount that Olim can earn before … Continue reading →

Israel’s Amdocs reported record revenue totaling $1.1 billion in the last quarter of 2021, 11% higher than Q4 2020. It has also given its 29,000 employees a flexible vacation model that means they can take an unlimited number of vacation … Continue reading →

Israel’s Central Bureau of Statistics reported that Israel’s rate of unemployment fell to 4.1% in December from 4.6% in November, as the economy continued to recover from the Covid crisis.  There was a continuing rise in the number of job … Continue reading →

Israeli startups raised a total of $2.1 billion in Jan 2020. And the UAE has just confirmed it is to invest $10 billion in Israeli companies. It includes the ADG (Abu Dhabi Growth) Fund which plans to invest $200 million … Continue reading →

Israeli cybersecurity firms raised a record $8.8b in 2021, eclipsing the $2.9 billion raised in 2020. Meanwhile, Israeli Export Institute estimated Israeli cybersecurity exports at $11 billion in 2021. Israel’s cyber directorate stated that a third of all cybersecurity unicorns … Continue reading →

Israel’s Trigo Vision (see here previously) has launched a pilot of its checkout-free shopping technology with Wakefern Food Corp, the largest retailer-owned cooperative in the United States. Shoppers will be able to fill their carts with groceries and then just … Continue reading →

Tel Aviv has given approval for the construction of the Spiral Tower (see here and here previously). The 91-floor 350-meter-high skyscraper will be Israel’s 2nd tallest. Its 150,000 sq meters of space is equal to the combined total of the … Continue reading →

Israeli cybersecurity giant Check Point Software has bought Israel’s Spectral for $60 million. Check Point will use Spectral’s security tools to extend its cloud solution, Check Point CloudGuard. Meanwhile Israeli-founded Forescout is acquiring Israel’s CyberMDX for $80 million. https://www.calcalistech.com/ctech/articles/0,7340,L-3928399,00.html https://www.calcalistech.com/ctech/articles/0,7340,L-3928397,00.html

Two puns for the price of one, as Israel’s Rapyd (see here previously) has completed the acquisition of Hong Kong-based NEAT, a cross-border trade-enabling platform for SMBs (Small/Medium Businesses) and startups. It will help expand Rapyd’s Fintech-as-a-Service business. https://www.calcalistech.com/ctech/articles/0,7340,L-3928361,00.html

Lane Bess is the new chairperson of Israeli cybersecurity Sepio (see here previously). Together with his son Cameron, they are the only parent/child duo to go to space, having taken an 11-minute flight aboard Jeff Bezos’ Blue Origin ship in … Continue reading →