Israel Active

Israel's fiscal deficit narrowed in the twelve months to the end of Feb 2025, for the fifth consecutive month, to 5.3% of GDP, or NIS 107.9 billion. Tax revenues rose from record Israeli bank profits. Foreign exchange reserves rose over $4 billion to a near record $220 billion.

Google’s parent company, Alphabet Inc. is to acquire Israeli-founded cybersecurity startup Wiz for at least $32 billion. It marks the largest acquisition in the tech giant’s history and over twice the previous record Israel exit (Mobileye by Intel for $15.3 billion in 2017).

Israel’s BeeFree Agro (see previously) delivered its first fleet of “autonomous flying cowboys” in January to a paying customer in Brazil, where it currently manages around 3 million cattle. It is also in trials or negotiations with with three of the “big four” multinational meat processors.

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Google’s parent Alphabet acquired Israel’s for . Insurance giant Munich Re (subsidiary ERGO) is acquiring Israeli-founded startup for in cash. US AI specialist Tray.ai has acquired Israel’s Vanti.ai () for .

Israel’s H2Pro (see previously) has signed an agreement with Latvenergo, Latvia’s national electricity company, to test the integration of H2Pro's decoupled electrolysis technology for green hydrogen production with Latvia’s renewable energy sources.

The port of Ashdod has launched a technology hub to find supply-chain solutions. It has already invested $3 million in Makalu Optics, Treedis, FLYZ Robotics, Spinframe, and Salvador Technologies.

United Airlines became the first US carrier to resume its daily New York to Israel service since flights were suspended due to the Israel-Hamas war. It will start an overnight service on 29 March. Delta previously announced it will renew its New York to Tel Aviv service in April.

At the recent annual Israel Bonds leadership conference, Yechiel Leiter, the newly appointed Israeli Ambassador to the United States, highlighted Israel Bonds’ record-breaking global sales of some $4.5 billion since the beginning of the war on Oct. 7, 2023.

Singapore has emerged as an extremely attractive market for Israeli entrepreneurs in recent years, as tech relations between the two nations grow. Singapore has increased its investment in Israel's tech ecosystem, especially in cybersecurity, AI, and fintech.