Israel Active

Chinese online retail giant AliExpress has established warehouses in Israel in Airport City near Ben-Gurion International Airport. Customers can order items online and if they are already in Israel’s warehouses, it will shorten delivery wait times and lower costs.

In 2011, Israel’s Jackie Zitelman and her two American sisters have turned Israeli tahini into a hugely successful product, available in 900+ US stores. Soom tahini is produced in Northern Israel, in a factory owned by an Israeli Muslim.

Israel’s Cipia (formerly EyeSight Technologies – see previously) has added SAIC Motors and Chery to the three other motor manufacturers using its Driver Sense driver monitoring system. Driver Sense will be used in a Chery SUV to be produced in late 2023.

Telecom giant Vodafone has deployed zero-emission fuel cell technology from Israel’s GenCell Energy (see previously) in Romania as part of a pilot project aimed at powering remote cell towers. The GenCell FOX alkaline fuel cell’s only byproducts are water, nitrogen, and heat.

Israel’s Peregrine Ventures has established a consortium of leading companies that will jointly develop and invest over NIS 300 million in startups and graduates of Peregrine’s technology incubator. They include Bristol-Myers Squibb, Elbit, and Tel Aviv & Ben Gurion Universities.

Kiwi expat supporters of Israel are invited on 5th Sept to meet in Jaffa, to network and strengthen Israel’s relationship with New Zealand (email for info). The link to the New Zealand Israel Innovation Hub, has info about forging new partnerships between Israel & New Zealand.

Israel’s natural gas production surged 22% in the first half of the year, as the government implemented its plans to export gas via Egypt to Europe. 10.85 billion cubic meters was extracted in the last 12 months from the Tamar and Leviathan fields, of which 42% was exported.

Israel's fiscal surplus in July 2022 was NIS 2.6 billion, resulting in a cumulative surplus of NIS 9.7 billion for the year. It is the first annual surplus since 2007, resulting from reduced Covid-19 expenditure and higher tax revenue from increased economic activity.

Israel’s Eco Wave Power (see previously) is installing its first US deployment in September at the 35-acre campus AltaSea eco-friendly business center in Los Angeles – the busiest seaport in the US. The Israeli startup has a total projects pipeline of 327.7MW.

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