Trade talks with China
Israel and China have begun negotiations on a proposed Free Trade Agreement (FTA) with Israel. China’s Ministry of Commerce spokesman said that Israel is one of China's major economic and trade partners in the Middle East and an FTA will lift bilateral cooperation to a new height.
World’s largest hotel group holds Israeli conference
60 general managers and senior executives of InterContinental Hotels visited Israel for their annual conference. They also enjoyed pitches from Israeli hotel-related start-ups EyeOnn, Bizzabo, Vatbox, Howazit, SevenPop and EatWith.
EasyJet starts Tel Aviv to Amsterdam route
From Oct, low-cost airline EasyJet will begin its tenth route from Tel Aviv - direct flights to Amsterdam Schiphol Airport, from $107 return. Tickets are now on sale.
More fruit for Frutarom
Israel’s Frutarom, one of the world's 10 largest companies in the field of flavors and specialty fine ingredients, has purchased Australia’s Taura, a world leading player in concentrated and texturized fruit ingredients. Taura has factories in New Zealand and Belgium, with offices in the US and UK.
Revolutionizing the music business
Israeli startup Sound Better allows different artists and sound producers to collaborate from all over the world to make music online. Musicians can record themselves at home instead of in a studio. Sound Better has 10,000 participants worldwide.
The future of Mapme is mapped out
Mapme, developed by Israel’s Ben Lang when he served in the IDF, has just raised $1 million in venture capital. The community mapping technology is used in “” and which shows the locations of Israeli startups in Israel and Manhattan.
Crowds flock to Israeli water companies in Thailand
The Israeli events at the Thai Water event in Bangkok were an “unprecedented” success. The participating Israeli companies were Aqwise, ATC, Atlantium, Bermad, IDE Technologies, A.R.I. Optimal Flow Solutions, RWL Water Supply, Talis Group, and Watermatic.
IMF upbeat about Israeli economy
The International Monetary Fund (IMF) released its preliminary report on Israel’s economy on Wednesday, noting that the country’s economy is “performing well” and that the economic outlook is positive.
Amazon hiring 100 Israeli engineers
At the AWS Tel Aviv Summit, Amazon announced to 2000 IT professionals that it will hire over 100 Israeli technologists in the next 18 months. Amazon bought the Israeli microelectronics firm Annapurna Labs in Jan 2015, for $350 - 370 million, for its Web Services division.
SolarEdge is worth $1.5 billion
The share price of Israel’s SolarEdge has more than doubled since its March NASDAQ listing, valuing the company at $1.5 billion. Revenue grew nearly 18% last quarter. SolarEdge has just released a new solar energy storage system for residential buildings and expanded its commercial products.