Author Archives: MichaelOrdman

Good news disguised as bad

Posted on January 8, 2023

This negatively headlined article on Israel in 2022 is mostly comprised of good news. Productivity increasing; hi-tech booming; unemployment decreasing; job vacancies increasing; education results improving; life expectancy rising. Can’t these journalists lighten up a bit? https://www.jpost.com/business-and-innovation/article-726058

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Preventing financial crime in the UAE

Posted on January 8, 2023

Dubai-based NOW Money is to use the AI anti-money laundering (AML) platform from Israel’s ThetaRay to help prevent financial crimes on its payments systems. ThetaRay’s SONAR cloud-based AML solution will monitor cross-border payments processed by NOW Money. https://www.businesswire.com/news/home/20221213005555/en/

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Tourist numbers surge

Posted on January 8, 2023

Over 2.6 million foreign tourists visited Israel in 2022, compared to 397,000 in 2021 and 831,000 in 2020, during the Covid-19 pandemic. Israel opened its borders to tourists in Mar 2022 and all restrictions were dropped in May. Israelis enjoyed … Continue reading →

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Unemployment falls to 4.1%

Posted on January 8, 2023

Israel’s rate of unemployment fell in November to 4.1% from 4.3% in October. The fall was mainly due to the rise in workforce participation to 60.6% (60.3% Oct). https://en.globes.co.il/en/article-despite-slowdown-unemployment-in-israel-falls-1001433181

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Israel’s resilient economy

Posted on January 8, 2023

Excellent short article by Prof. Micheal Humphries of the Jerusalem College of Technology and Touro College Israel. He gives six key reasons why (except for 2020 – Covid), Israel has had positive economic growth every year since 2003, including during … Continue reading →

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Eros C-3 launched

Posted on January 8, 2023

Israel’s ImageSat (see here previously) successfully launched its EROS-C3 observation satellite into space from a SpaceX Falcon 9 rocket at Vandenberg Space Force Base in California. Built by Israel Aerospace Industries, the EROS-C3 is one of the world’s most advanced … Continue reading →

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Israel’s quantum consortium

Posted on January 8, 2023

Israel’s Innovation Authority is investing NIS 115 million over 3 years to create the largest consortium in its history. IAI’s Elta Systems, Quantum Art, Classiq, Qedma, and Rafael will develop some of the most advanced quantum computing processor technologies and … Continue reading →

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Cybersecurity startup is cool

Posted on January 8, 2023

Israel’s accSenSe has been named a “Cool Vendor” in Gartner’s Identity-First Security category.  Gartner Cool Vendors are chosen if they have innovative and transformative products, services or initiatives. accSenSe enables customers a fast recovery after a major security breach. https://www.globenewswire.com/en/news-release/2022/12/07/2569543/0/en/accSenSe-Named-a-2022-Gartner-Cool-Vendor-in-Identity-First-Security.html … Continue reading →

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Green light for Begin Highway cover

Posted on January 8, 2023

Jerusalem has approved a NIS 1.5+ billion plan to cover the Begin Highway. The highway cover will include a 14.25-acre park with pedestrian access but no vehicles. It will create over 50 acres of new land for thousands of homes, … Continue reading →

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Don’t forget to drink

Posted on January 8, 2023

Israel’s Impacx (previously water.io) has developed a smart water bottle that illuminates and vibrates to encourage people to stay hydrated. Impacx also makes smart medicine boxes that remind people to take pills, auto-replenishing them and generating valuable medical data. https://nocamels.com/2023/01/vibrating-water-bottle-reminds-users-to-drink/ … Continue reading →

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