Tel Aviv Stock Exchange joins Europe
The General Assembly of the Federation of European Securities Exchanges (FESE) unanimously approved the application of Tel-Aviv Stock Exchange (TASE) to become an Affiliate member. FESE has 21 Full members, 20 Affiliates and two Observer members.
We’re at war, and the stock market is up? Go figure!
Jon Medved, CEO of Israel’s OurCrowd is extremely bullish about the financial resilience of Israel’s economy during the current fighting against Hamas terrorists.
China boosts Israel ties
A Chinese delegation, headed by Ren Zhiwu - deputy director-general of the High-Tech Industry Department of the National Development and Reform Commission (NDRC) - arrived in Israel, the first time the high-level government team has come to Israel.
Vietnam’s trade with Israel surges 53 per cent
Trade between Vietnam and Israel increased significantly during the first half of this year, reaching US$426 million or increasing 53 per cent year-on-year.
Unlimited coffee is now available in New York
Israeli start-up “Cups” is expanding its virtually unlimited coffee supply to New York. Using Cups app, individuals pay a fixed rate of $45 dollars a month to receive a coffee of their choice at participating shops every half hour. Or $27 dollars a month buys one coffee per day.
25 Israeli start-ups to watch
Forbes magazine has listed 25 Israeli startups to keep your eye on in 2014. It says that Kaltura is most likely to be “one of the next billion-dollar exits” thanks to its wide-ranging video solutions platform. It also likes Petbnb, which pairs traveling pet owners with caretakers for their pets.
Israel signs first-of-its-kind R&D agreement with Japan
Japan’s Minister of Economy, Trade and Industry, Toshimitsu Motegi has signed an industrial research and development collaboration agreement with Israel’s Minister of Economy Naftali Bennett. Israel is the first country with which Japan has signed such an agreement.
And Egypt says Israeli gas is vital for their economy
Egypt’s Minister of Petroleum and Mineral Resources Sherif Ismail does not mind allowing British BG Group to import gas from Israel. “Whatever is in Egypt’s interest must be implemented immediately as we are dealing with an energy crisis,” the minister said.
Israel’s best quarter for a decade
Israeli high-tech firms raised $930 million from Apr to Jun 2014, the sector’s strongest three-month period in more than ten years. Israeli high-tech firms raised $1.6 billion in the first half of 2014, which is the strongest capital raising period on record for Israel’s high-tech industry.
Record trade with Turkey
Israel's exports to Turkey are currently surpassing 2013’s record level. In the first fiscal quarter of 2014 there was a surge of nearly 25% to $949.2 million, compared to the same period in 2013.