Israel Active

The energy companies extracting natural gas from Israel’s Tamar field are investing $24 million to increase production. The additional gas will raise daily output to 1.2 billion cubic feet and by 2025 to 1.6 billion cubic feet, helping to meet Israel’s future energy needs and export gas to Egypt.

To avoid ships being attacked by Houthi terrorists, Israel-based firms transporting goods from the Far East (China and India) run trucking routes from the ports of Dubai and Bahrain to Haifa. They pass through Saudi Arabia (despite not having diplomatic relations with Israel) and Jordan.

Israel’s female-led Venture Capital firm iAngels has raised $70 million for its second fund, iAngels Ventures 2. It will invest in early-stage startups, with investments ranging between $2-4 million for seed rounds. iAngels’ previous Israeli investments include Oddity, Hello Heart, BeeHero, WSC & Immunai.

As it has since 2003 (see previously), the US State of Ohio has bought Israel Bonds - $30 million this time. Ohio is one of the country’s largest buyers of Israel Bonds, now holding $262.5 million. Ohio’s treasurer, Robert Sprague, said the bonds were good for Israel and good for Ohio.

Apart from US universities, Israeli universities are top of the world for producing alumni who launch startups that grow into billion-dollar companies. Tel Aviv was number 1 with 31 founders; Technion - 3rd (27); Hebrew U - 5th (23). BGU and Reichman were 10 & 11.

On his first visit to Israel, Argentinian President Javier Milei signed an agreement with the Israel Latin America Network (ILAN) to develop innovative software and technologies. The President saw it as a major opportunity to advance Argentina’s economy.

Canada has given Israel’s Remilk approval to sell its animal-free milk protein, marking the first time the country has authorized such a product. Remilk previously received similar approvals in the US, Israel, and Singapore.

US cyber giant F5 has acquired Israeli cybersecurity for “.” Israel’s is acquiring British payroll platform Pento for . Israel’s has acquired US-based CTCI for .

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The Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation has granted $9.6 million to 10 joint projects. The Israeli companies are Celleste Bio, CENS Materials, Diptera.ai, Opmed.AI, Hypervision, Imagindairy, IAI, LahakX, Tissue Dynamics and Sheba hospital.