Israel Active

This article contains the “rags to riches” story of Israeli online retailer KSP, now valued at £650 million.

Intel-backed Ignite Deep Tech (see previously) is launching new acceleration programs to support deep technology startups at various stages of development.

During a meeting with Indian Prime Minister Narendra Modi at the White House, President Donald Trump announced a major trade corridor connecting India, Israel, Italy and the United States. The project aims to reshape global trade with huge investments in ports, railways and undersea cables.

Led by Minister of Economy and Industry Nir Barkat, Israel’s largest business delegation of its kind (over 100 companies) travelled to India. Barket said, “The combination of Israeli innovation and the vast Indian market constitutes a tremendous growth engine for the Israeli economy.”

Azerbaijan State Oil Company (SOCAR) is acquiring a 10% stake in Israel’s offshore Tamar natural gas reservoir from Union Energy, owned by Israeli businessman Aaron Frenkel. The stake was worth around half a billion dollars when Union Energy bought it in 2022.

"My Tree in Israel." connects global Israel supporters with Israeli farmers, allowing them to adopt olive trees and grapevines. In return, supporters receive six bottles of exclusive olive oil and wine delivered to their doorstep. Trees have also been adopted by VIPs, synagogues and in honor of fallen soldiers.

Morocco has switched to Israel’s Elbit Systems as its main defense partner, signing a contract to purchase 36 Atmos 2000 self-propelled artillery systems. It follows repeated technical failures in the Caesar artillery systems, which Morocco ordered from France’s KNDS that were partially delivered in 2022.

Israel’s Energy Ministry has launched an interactive website to give everyone the potential to generate solar energy on every roof, park, parking lot, sports ground and cemetery in Israel. It calculates the profitability of installing solar panels, channeling the electricity into the national grid.

Israeli companies Check Point and Wiz have signed a strategic partnership agreement to offer the industry's most comprehensive cloud security solutions. It combines Wiz’s cloud security expertise with Check Point’s extensive customer base and a strong reputation.

Two Israeli companies, Pagaya and CyberArk have each reported the key milestone of $1 billion dollars of annual revenue.