Israel Active

Maryland Governor Larry Hogan led a trade delegation of around 25 private-sector representatives to Israel. Successful business transactions included a partnership with Cyberbit for a cybersecurity training center in Baltimore that will employ about 100 people.

The estimated growth of Israel’s economy has been revised upwards again.  Growth in the second quarter is now calculated at 4.2% (revised from 4%).  Exports of goods and services increased by 13.7%. Private consumption increased by 7.2% and investments in fixed assets soared 13.4%.

Tens of millions of Wi-Fi chipsets from Israel’s Celeno are used by service providers in home gateways, routers and set-top boxes to deliver Wi-Fi speed, coverage and reliability. Celeno has just raised $38 million to fund R&D and raise global presence.

Daniel Rubin and Doron Maman have launched PubHub at Rosa Parks Bar in Tel Aviv.  The night-time bar is converted into co-working office space during the day. Their second location is planned to open early November.

I’ve reported on Israel’s Nano Dimension and its amazing nano-inks and 3D printers.  It is to open a new production facility, co-located at its HQ in Ness Ziona, that will increase its commercial growth.

There are close to 40 Israeli commercial drone startups – most of which were established in the last three years.  This excellent article summarizes the different categories and companies.

The wines of Israel feature in the October issue of The Wine Spectator.

Israeli startup Cybewrite is helping to underwrite the new business of cyber-insurance - policies that cover companies in the event of a cybersecurity breach. Cybewrite’s cloud-based platform estimates the risk to the insurer, decides the type of coverage to offer and the premium to set.

Israel’s reserves of foreign currency increased in September by $789 million to a new all-time record of $98.415 billion.

The United Nations acquired goods and services from Israel totaling $91.8 million in 2015 - double the amount it spent in 2013. 29% of Israeli goods were medical equipment and 17% were IT and communications equipment.