Prior to a planned IPO, Israel’s Freightos (see here previously) has received private funds including from Qatar Airways, the world’s largest air cargo carrier. Freightos’s platform connects multiple airlines, shipping and trucking companies, freight forwarders, importers and exporters. https://www.calcalistech.com/ctechnews/article/ryzdg54dq

In the last year, trade with the United Arab Emirates has increased from $270 million (see here previously) to 2.5 billion. The two countries have just signed a Free Trade Agreement. https://www.arabianbusiness.com/politics-economics/uae-israel-bilateral-trade-crosses-2-5bn-within-two-years-of-abraham-accords-uae-minister https://www.arabianbusiness.com/politics-economics/uae-israel-sign-trade-agreement-to-boost-non-oil-trade-to-over-10bn-in-five-years https://www.youtube.com/watch?v=cYov1P-BJqU

Israel’s Liquidity Group is partnering with Japan’s MUFG Group and US Spark Group to set up a $2 billion investment fund. It plans to invest $25 – $30 million in individual growth companies, mainly late-stage tech startups. https://www.calcalistech.com/ctechnews/article/bkfmz11lo9

Over 60,000 passengers departed from Terminal 1 at Ben Gurion Airport on its first day of re-opening after being shuttered due to the Covid-19 pandemic and reduced air traffic.  75,000 were due to leave from Terminal 1 the following day. … Continue reading →

Israeli institutional investors increased their allocation to the Israeli start-up scene, for the first time in decades. Astoundingly, the capital allocated to the Israeli tech start-up sector in 2021 increased 6.5-fold and is estimated at $864m, compared with just $134m … Continue reading →