Israel Active

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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.

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A 1980 Hebrew University of Jerusalem library management project was commercialized into Aleph-Yissum and taken over several times. Now called Ex-Libris, it is still headquartered in Jerusalem. Ex-Libris’ remote learning systems are used by 7,500 academic institutions in 90 countries.

Venture capital firm Entrée Capital has now fully raised its $125 million Israel Opportunity Fund.  The new fund will target early growth Israeli-founded startups, focusing on areas such as deep technology, SaaS, fintech and digital health.

Tulsa, Oklahoma is seeking to help Israeli startups with remote hiring and US market entry. Tulsa has diversified from oil & gas into hi-tech. Its work from home (WFH) program “Remote” has attracted skilled professionals escaping from crowded coastal cities. Several Israeli startups have already moved in.

The expanded Free Trade Agreement between Israel and Ukraine (reported previously) will go into effect on 1st Jan 2021. Ukrainian President Vladimir Zelensky praised the closer cooperation with Israel. “Relations between our countries are rising to a new level,” he wrote.

In January, the United Arab Emirates is to open an Educational Hebrew Institute in 4 locations in Abu Dhabi and Dubai. Israelis will teach the Hebrew language and Israeli culture to acquaint local businesspeople with Israeli-style communication and cuisine in “a fun and interactive way.”

The Israeli Economy Ministry is investing some NIS 50 million in ventures to help businesses recover from the pandemic.  They include a crowdfunding platform that provides loans to small businesses and a company helping to establish an online trading platform for businesses.