Israel Active

Just after Israel delivered the first of its $3.5 billion Arrow 3 long-range missile defense system to Germany, the German parliament approved a $3.1 billion expansion of the deal to increase production of Arrow 3 interceptors and launchers.

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US  giant ServiceNow is acquiring Israel’s for cash (Israel’s 4th biggest exit). Dell Technologies has acquired Israel’s for cash. US-based Zendesk has acquired Israel’s , an AI-powered enterprise search company, for an estimated .

Israel’s NextVision (see previously) has reported the largest deal in its history, valued at $76.8 million. NextVision shares surged by over 10% following the news and are up by more than 185% so far this year, giving the company a market cap of NIS 16 billion (approximately $5 billion).

nVIDIA has chosen Kiryat Tivon as the site for its new R&D campus, (its 8th Israeli site) for up to 10,000 employees. Jensen Huang, nVIDIA’s Founder and CEO, said, "Israel is home to some of the world’s most brilliant technologists and has become nVIDIA’s second home.

Greek airline Sky Express has launched a new route connecting Tel Aviv and Athens. It also offers connections to popular Greek destinations such as Santorini, Rhodes, Crete, Thessaloniki, Corfu, and Zakynthos, as well as onward to Paris, Rome, Milan, London, Berlin, and Frankfurt..

Viola Ventures, one of Israel’s leading venture capital firms, has announced the raising of two new funds totaling approximately $250 million, aimed at investing in Israeli startups at different stages of growth. One fund is for portfolio startups and the other for new investments.

Israel and the US inked a new agreement to remove import duties on about 300 US food and agricultural items. The two countries are in advanced talks to seal a deal that would include some concessions on Trump-initiated tariffs imposed on Israeli exports.

In Aug (see previously) Israel agreed to supply 130bcm of natural gas to Egypt for $35 billion.  That deal almost fell through, but it has now been signed by both countries. Of the 112 billion shekels paid by Egypt, 58 billion shekels will go into the State of Israel’s coffers.

Although not a pro-Israel publication, the UK’s Economist has rated Israel’s economy as the third strongest in the world.  It rates Portugal top and Ireland second, so I have my doubts about accuracy. IMHO don’t pay for a subscription just to read the original article.