Israel Active

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Google’s parent Alphabet acquired Israel’s for . Insurance giant Munich Re (subsidiary ERGO) is acquiring Israeli-founded startup for in cash. US AI specialist Tray.ai has acquired Israel’s Vanti.ai () for .

Israel’s H2Pro (see previously) has signed an agreement with Latvenergo, Latvia’s national electricity company, to test the integration of H2Pro's decoupled electrolysis technology for green hydrogen production with Latvia’s renewable energy sources.

The port of Ashdod has launched a technology hub to find supply-chain solutions. It has already invested $3 million in Makalu Optics, Treedis, FLYZ Robotics, Spinframe, and Salvador Technologies.

United Airlines became the first US carrier to resume its daily New York to Israel service since flights were suspended due to the Israel-Hamas war. It will start an overnight service on 29 March. Delta previously announced it will renew its New York to Tel Aviv service in April.

At the recent annual Israel Bonds leadership conference, Yechiel Leiter, the newly appointed Israeli Ambassador to the United States, highlighted Israel Bonds’ record-breaking global sales of some $4.5 billion since the beginning of the war on Oct. 7, 2023.

Singapore has emerged as an extremely attractive market for Israeli entrepreneurs in recent years, as tech relations between the two nations grow. Singapore has increased its investment in Israel's tech ecosystem, especially in cybersecurity, AI, and fintech.

Despite the war Israel's GDP grew by 1% in 2024, above forecasts by the OECD, Moody’s and S&P. Signs of recovery were evident in the fourth quarter annualized growth of 2.5% driven primarily by a 9.5% jump in private consumption and a 14.7% increase in fixed asset investment.

Israeli government raised $5 billion in two series of bonds over five and ten years. Demand was very high - 4.6 times oversubscribed. The interest rates were closer to those of US Government bonds than last year’s issue, highlighting increased global confidence in Israel’s economy.

Two Israeli companies, Brenmiller Energy (see previously) and Baran Energy (part of Israel’s largest engineering company) are jointly to accelerate Brenmiller’s bGen ZERO thermal energy deployments in Israel. Baran has completed 1,000+ global projects.