Flight training systems for the UK
Israel’s Elbit has won a $713 million deal to supply the UK Ministry of Defense with an 18-year training program for its air crew.
Israel hostels are a bargain
Here are five hostels in Tel Aviv, Jerusalem and Haifa which are promoted for groups and lone explorers who want the comforts of a good hotel, but without the hefty bill.
Working with Shenzhen Stock Exchange
The chairmen of the Tel Aviv Stock Exchange and Shenzhen Stock Exchange have signed a Memorandum of Understanding. They will share experience in SME and technology financing, cooperate in index-based product development and explore market linkup.
The largest fund ever raised in Israel
FIMI, the leading private equity firm in Israel, has just completed a $1.1 billion financing round for its sixth fund - the largest fund ever raised in Israel. FIMI's strategy is to acquire control of Israeli companies with sales of $75 million or more.
The first joint Israeli-Chinese VC fund
Israel’s Catalyst Private Equity and China Everbright Limited have launched the first dedicated Israel-China private equity fund. The $200 million fund will invest in mid-to-late-stage companies with a special focus on pushing their tech in China and emerging markets.
The King is back
After a six-year absence, Burger King has re-opened in Tel Aviv. It sold its franchise to Israel’s Burgeranch in 2010 after Muslim groups boycotted it. Now it plans to open 10 branches in 2016 and fifty in the next five years. In response, Burgeranch is partnering with discount coffee chain Cofix.
WeWork opens Israeli R&D center
Co-working space WeWork has opened an R&D center. It already has office space in Tel Aviv, Herzliya and Be’er Sheva.
Testing services for HP customers
Israeli cybersecurity startup NorthBit has struck a deal with Hewlett-Packard Enterprise to develop test automation software for mobile application developers. NorthBit’s 20 researchers are graduates of the top technological units in the Israeli army.
Low cost hospital food machines
The price of food in Israeli hospitals will no longer make you sick. Minister of Health Yaakov Litzman has just inaugurated the first set of cheap food vending machines at Sourasky (Ichilov) Hospital. You should get soft drinks, water, juice, hot drinks and a variety of snacks for 5 shekels each.
NIS 28 billion railway project
Israel is to spend NIS 28.3 billion to overhaul its railway system over the next 4 years. NIS 12 billion will electrify the system The rest will go to add new lines, expand and build new stations and replace signaling communication and maintenance systems.