Managing temporary staff
Israel’s Ubeya helps employers hire and manage temporary or shift workers. Clients include Wembley and soccer clubs including Arsenal, Chelsea, Tottenham, and Ajax. Events include the UEFA Champions League final, Wimbledon tennis tournament, and Foo Fighters and Taylor Swift concerts.
Changing the world, one wave at a time
Israel’s Eco Wave has updated its agreement with I-Ke International Ocean Energy (part of Lian Tat, see previously) to install a 100kw (was 20kw) wave energy generation unit in Taiwan. Eco Wave’s CEO is confident that it will lead to the adoption of wave energy all over Asia.
Buy Israeli wine
Several Northern Israel wineries need support to keep them in business as they experience daily rocket attacks from Hezbollah terrorists in Lebanon. Please seek out the wines from Dalton, Tulip, Uriel, Pelter, Galil Mountain, and Mika. Also, Underdog winery, whose owner served six months in the IDF.
$17 million order for flying car
Israel’s AIR ONE (see previously) has won $17M in purchase orders for the autonomous cargo version of its flying car. Air EV generated more than $1M in revenue in 2023 and expects to reach $7M revenue in 2024.
Talicia launches in the UAE
Israel’s RedHill Biopharma has launched its Talicia (omeprazole magnesium, amoxicillin and rifabutin) in the United Arab Emirates – making it available by prescription to treat adults with Helicobacter pylori (H. pylori) infection.
Personalized campaign really works
Israel’s Clinch (see ) has sold its Flight Control marketing campaign software to leading companies such as Coca-Cola, J.P. Morgan Chase, Hyundai, L’Oréal, Mars Wrigley, and Tesco. It now includes Copilot - an AI-powered guide to automate much of the campaign.
Tel Aviv to New York flights
Issta, an Israeli charter airline, has rented a jet for return flights from Tel Aviv to New York, direct - with a refueling stop in Ireland.
100 startups launched
Cornell Tech – the school established by Cornell University and Israel’s Technion Institute have reached a significant milestone – creating more than 100 companies through its Runway Startups program. Those startups are now valued at $660 million and have created 500 new jobs in New York City.
$80 million fund begins investing
Israeli venture capital fund New Era Capital Partners has closed the first $80 million of its target $150 million 3rd fund so that it can start investing in new Israeli startups. Its primarily focus will be on enterprise software, with strong emphasis on cyber companies with breakthrough technologies.
Average wages are still growing
In July 2024, the average monthly wage in Israel was NIS 13,683, up 6.7% from July 2023 and far in excess of inflation. In contrast, Israeli hi-tech monthly salaries (June figures) averaged NIS 32,215, up 8.1% from a year ago.