Israel Active

El Al Israel Air Lines and Delta Air Lines have announced a “strategic partnership” that they say will make traveling easier for passengers flying between Israel and the United States. It offers more flights, convenient connections, reciprocal air miles and more.

Icelandic flag carrier Icelandair has launched Tel Aviv - Reykjavik flights. The new seasonal service will operate on Weds, Fri, and Sun until end-Oct. Estimated flight time is seven hours. There is a high demand from Israeli tourists wanting to visit Iceland, and for connections to North America.

Two Israeli banks are to pay interest to customers with credit balances in their current accounts.  Bank Leumi has many conditions, but Bank Mizrahi Tefahot will pay 2% on balances up to NIS 25,000 provided the customer has at least NIS 50,000. Both banks are to reduce interest on overdrafts.

The Israel Innovation Authority’s “State of High Tech” annual report show that in 2021, Israel’s hi-tech industry earned 50% more than the next sector – trade & retail.  In 2022 the gap was 90%. Israeli hi-tech is worth 18.1% of GDP - in the USA it is only 10%, and in Europe it’s under 6%.

Israeli digital insurance company Lemonade (see previously) is claiming a new record after settling a claim in just two seconds to a customer whose bicycle was stolen in the UK. Lemonade’s AI system assessed, checked, and paid the customer in just two seconds.

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Israel’s ThetaRay won Best in Class Compliance Solution at the 2023 RemTECH Awards for its AI-powered transaction monitoring technology. The award is part of the United Nations-led Global Forum on Remittances, Investment and Development.

Israel’s Exodigo (see previously) was used by Coles Rail to scan and map a project in Birmingham UK for part of a light rail expansion that will connect to the city’s Curzon Street Station. It detected over 280 underground utility lines, including 51 that no other locator or records had found.

For the first time Israeli programs have been sold for broadcasting in Saudia Arabia and Turkey. Saudi broadcasting network MBC bought the docu-series "Cassandra's Prophecy". And the Turkish broadcasting network Kanal D bought "Special", the drama series about autism.

Israel’s More Foods (see previously) has partnered with Tivall, the Israel-based vegetarian frozen food brand owned by food giant Osem-Nestlé. It will help More Foods expand distribution of its pumpkin and sunflower seeds meat alternatives to meet the growing demand for plant-based products.