Resilience & adaptability
The 2024/5 Israel Life Sciences and Health-Tech Industry Report published by the Israel Advanced Technology Industries Association (IATI) and Israel’s Innovation Authority, predicts a rosy future for Israel’s life sciences. 92% registered in Israel; 25% increase in investment.
2025 growth to exceed global average
The Organization for Economic Co-operation and Development (OECD) expects Israel’s economy to rebound this year. Assuming fighting in Gaza and Lebanon will ease, the OECD forecasts that Israel’s economy will grow at a rate of 3.4 percent in 2025 and 5.5% in 2026,
Huge income from natural gas
Israel earned record revenues of NIS 2.37 billion from royalties on natural gas and minerals in 2024 - 8.2% more than in 2023. Israel has earned nearly NIS 30 billion from royalties and taxes on profits. The Sovereign Wealth Fund (or Citizens’ Fund) is worth nearly $2 billion.
Delta resumes flights to Israel
Delta Air Lines has restarted daily flights from New York’s JFK airport to Tel Aviv, adding 2,000 weekly seats on the popular New York route. The move comes two weeks after chief rival United Airlines resumed its service to Tel Aviv, and ahead of the busy Passover and Easter travel season.
Startup investment – to 6th Apr 25
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Exits, takeovers, and mergers to 6th Apr 25
Israel’s has acquired Brazil’s UPPay for .
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Lemonade’s $1 billon of fizz
Israel’s Lemonade, the AI-powered digital insurance firm (see previously) has passed $1 billion of In Force Premium (IFP). It marks a significant milestone for the company, achieved just 8.5 years after selling its first policy.
New El Al route to Albania
El Al is launching direct, nonstop flights, 3 times a week, between Tel Aviv and Tirana, Albania, through its low-cost subsidiary, Sundor. Albania only has 60 Jewish citizens, but is building two Jewish museums, in Tirana and Vlora. Other sites include a Holocaust museum and Shimon Peres Square.
More flights to Bucharest
Israeli airline El Al has signed a codeshare agreement with Romanian state-owned TAROM Airlines. The number of weekly flights on the Tel Aviv to Bucharest route will increase to 18, and the first flight under the new agreement was scheduled to begin on Apr 1.
AI translating all TASE reports into English
The Tel Aviv Stock Exchange (TASE) has commissioned Israel’s TipRanks, to develop a AI-based system to translate listed company reports into English. It is part of the initiative to increase global investors' exposure to the 487 TASE-listed companies.