Israel Active

Israel’s myInterview allows companies to see and hear recruitment candidates without the need for face-to-face meetings - useful in these coronavirus times. Candidates record videos to promote themselves and the recruitment team can watch, review and agree whom to invite to a live interview.

Israel’s reserves of foreign currency soared again last month. At the end of November, Israel held nearly $167 billion of foreign currency – over $6 billion more than at the end of October.

The Israeli government has approved plans to lower housing costs throughout the country. Housing units subsidized by the government will be listed alongside properties on the free market. It will create competition and lower the cost of living for eligible Israelis on low income.

Israel’s InvestiNation is a new equity crowdfunding platform, offering accredited US investors access to Israeli early-stage startups in fintech, ed-tech, construction and property technology.

An unnamed US institution just bought $50 million of shares in Israel’s eToro (reported previously). It values the company at a staggering $2.5 billion, turning it into another Israeli Unicorn. eToro’s clients now number over 16 million, who use eToro’s platform to trade stocks, commodities, FX etc.

Israeli medical AI triage platform Diagnostic Robotics (reported previously) used the coronavirus pandemic to successfully change its focus and operations. It split its workforce into two, to reduce the risk of infections and formed a digital health partnership with Israel’s Ministry of Health.

Israel’s Propdo AI develops technology capable of predicting residential real estate property prices. Its algorithm and data-based tools produce a projected valuation of a prospective purchase.  The company will initially operate in the Israeli real estate market.

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Israel’s Watergen is bringing its revolutionary water solutions to the United Arab Emirates and other countries in the region. Watergen’s partnership with Emirati Al-Dahra will cover hotels, offices and apartment buildings, agriculture, industry and more.

The Dubai Multi Commodities Center Authority has opened a representative office inside the Israel Diamond Center in Ramat Gan, north Tel Aviv. The new office will support Israeli businesses, from all industries and sectors, interested in setting up a presence in Dubai.