Israel Active

The insurtech platform of Israel’s Faye (see previously) for US citizens, includes a smartphone app that sends real-time alerts, 24 x 7 expert help, plus fast, digital claims processing. It will resolve missed connections, cancelled flights, lost passports and much more.

Israel’s ExitValley launched in 2015 (see ) as a mechanism for the general public to invest in early-stage Israeli startups. Seven years later it has dozens of successful companies in its portfolio. The founders say that Israeli start-ups are still a significant growth engine in Israel and globally.

The Dubai International Chamber of Commerce is to open an office in Tel Aviv. Its President and CEO, Hamad Buamim, said that Israel was a “strategically important” market for Dubai, and was expected to become one of Dubai’s top 10 trading partners “within a few years.”

Israel’s budget deficit as a percentage of GDP was a mere 0.04% for the 12 months till the end of May - the lowest in 14 years. Government revenues increased and expenditures fell amid the ongoing rebound from the coronavirus pandemic.

Just two years after the historic Abraham Accords, the new UAE-Israel free-trade agreement removes tariffs on 96% of goods between the two countries. It is expected to increase bilateral non-oil trade to over $10 billion within five years.

Israel’s Tourism Ministry has received 107 applications for grants to build new hotels or expand existing ones. The ministry has a budget of NIS 165 million for such grants, to support the rehabilitation of the country’s tourism industry in the wake of the global COVID-19 pandemic.

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Israel’s Elementor has acquired Israel’s Strattic, a web development and hosting solutions company for several million dollars.

Israel’s Truvid is an online video platform that connects content creators with media providers such as websites, applications, connected TV etc. Publishers use Truvid to monetize their sites and distribute content around the globe. Truvid gets the right video to the right audience.

Israel’s Duve helps hoteliers and hospitality professionals customize guest journeys and build a digital personalized experience. Prospective guests allow Duve to pass on details such as reason of visit, type (e.g., family/business/romantic) interests, language, travel method, food preferences etc.