Israel Active

Back in 2018, Israel’s Assembrix (see previously) protected Boeing’s intellectual property during the 3D-print manufacturing of parts. Assembrix has now signed an agreement with Boeing to develop a platform that physically prints airplane and space station parts.

A free trade agreement (FTA) between Israel and South Korea goes into effect on Dec 1st. The FTA was signed by Israeli and Korean officials in May (see previously) and has now been ratified by both parliaments. Over 95% of Israeli goods will be duty free – a NIS 0.5 billion economic boost.

Israel’s OurCrowd and the World Health Organization Foundation have launched a $200 million joint Global Health Equity Fund. It will focus on breakthrough technology solutions that can improve healthcare around the world.

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Israel’s acquired Europe’s ,

Israel’s SensePass is using the hi-tech revolution to innovate the credit card business. Its payments network operates around any digital payment method or digital wallet. It services the unbanked and younger generation, while reducing costs for retailers.

The opening of the Tel Aviv Stock Exchange by UAE’s Ambassador to Israel Mohamed Al Khaja was another sign of the close ties between Israel and the United Arab Emirates.  A rare positive article about Israel, from the BBC.

Israel's GDP grew 6.8% on an annualized basis in the second quarter of 2022 thanks to recoveries in the tourism, aviation, hospitality, restaurant, and transport services sectors. GDP is 7.4% higher than at Jun 2021 - the highest growth recorded of any OECD country.

Latest news about Israel’s Wasteless (see previously). It is now saving supermarkets in seven countries from throwing out expired food by using its AI to reduce prices dynamically as the expiry date approaches.

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