Israel Active

The US, Israel and UAE have established the Abraham Fund. It aims to mobilize more than $3 billion in private sector-led investment and development initiatives, to promote regional economic cooperation and prosperity in the Middle East and beyond. Its development office will be based in Israel.

Yeshiva student Eli Rozenberg, son of Naftali, now officially controls Israel’s national airline El Al through his father’s company. Naftali is not an Israeli citizen (one of the ownership requirements for El Al) but his son is. Naftali’s company is Kanfei Nesharim - Hebrew for “The wings of eagles”.

Israel’s Zero Egg, developer of a vegan substitute for eggs (reported previously), has now launched in the US to food service operators and manufacturers. Zero Egg contains soy, potato, pea, and chickpea, is low fat, has no cholesterol, and just 15 calories compared to 65 for an actual egg.

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During the recent Israeli lockdown, only certain essential businesses can stay open. To avoid closure, some businesses have used creative “chutzpa”. A flower shop sells “agricultural products” and herbs. A falafel shop delivers to the closest bench. A clothing store sells fruit and veg.

Israel’s Curv (reported previously) has partnered French banking giant BNP Paribas to complete a proof of concept of Curv’s process for transferring security tokens securely between market participants.

At the peak of the coronavirus crisis, with businesses around the world paralyzed, Israeli application security company Checkmarx pulled off a massive $1.2 billion exit and maintained its independence in the process. Israeli founder and CTO, Maty Siman, explains.

Back in Feb 2016 Israel’s Tipalti was one of seven Israeli “startups to watch” . Hopefully, you read it, because the developer of automation solutions for global payments is now worth $2 billion. Its clients include Amazon Twitch, Twitter, GoDaddy, Fiverr and Vimeo.

Legendary San Francisco 49ers quarterback Joe Montana has invested in Israeli startup Walnut which develops an application for customized sales demos. Walnut enables a seamless, effective, sales process while working remotely without reliance on professional designers or developers.

When Arab countries boycotted Israel, major oil companies did the same. As the Arab world makes friends with Israel, so major oil companies feel free to invest in Israel’s successful economic future. Chevron will now help extract Israel’s natural gas deposits, for mutual benefit.