Hainan Airlines returns to Israel
I was one of the first passengers to fly from Tel Aviv to Shanghai on Hainan Airlines in 2018 when my daughter was working in China. It is great to read that the airline is resuming the service in Dec after an 18-month hiatus.
Air France resumes Israel flights
Air France has restarted its Tel Aviv - Paris route. It will operate seven weekly flights between Tel Aviv and Paris. Israeli travelers can connect via Paris to more than 300 destinations worldwide - one of the largest such networks available to Israelis, to reach cities in Europe and North America.
Joint economic council with NYC
New York City Mayor Eric Adams and Israel’s Economy and Industry Minister Nir Barkat are to create the New York City-Israel Economic Council. It aims to “strengthen economic ties and promote innovation between the two governments. It will create jobs and bring Israeli startups to NYC.
Stepping on the gas
Since Israel began profiting from gas production, it has collected almost $8 billion in revenues, with little effort. Annual revenues are expected to double from $1.3 billion in 2024 to $2.6 billion in the next few years. The gas companies made around $700 million in profit last year, but had to do all the work.
Israel’s resilient climate tech
The 2024-2025 Climate Tech Status Report from Israel’s Innovation Authority and its subsidiary, PLANETech, reports that Israel’s climate tech ecosystem has demonstrated remarkable resilience, sustained growth and strong international trust. The 946 active companies include 49 new in 2024.
Startup investment – to 25th May 25
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Exits, takeovers, and mergers to 25th May 25
Israel’s has London’s AdvantageGo.
US Fortinet has acquired Israeli SaaS security startup .
The most valuable property sold in Israel
A mansion in Caesarea has been sold for $22 million – the highest real-estate deal of 2025 in Israel thus far. The anonymous buyer is a resident of the United States.
Modernizing San Marino’s oldest bank
Israel’s HUB Cyber Security (see previously) has won a 20 million Euros contract to modernize the oldest bank in San Marino - Cassa di Risparmio della Repubblica di San Marino. HUB will fully overhaul the bank’s core, mobile and online banking platforms.
Protecting financial institutions from fraud
Israel’s BioCatch (see previously) has partnered with Alloy.com to help protect Alloy’s 700 top financial and fintech customers from fraud attacks.