Israel Active

Unemployment in Israel fell in July to 3.4%, the same as it was in Feb 2020 before the Covid crisis. The employment rate for Haredi men in Israel is at an all-time high of 55.8%

Amazon.com has announced plans to invest 26 billion shekels (about $7.2 billion) in Israel through 2037. It also heralded the launch of its Amazon Web Services (AWS) data centers in Tel Aviv, which gives customers the option of running their applications from data centers in Israel.

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Israel’s has been acquired by U.S. company Rubrik for an estimated . UK’s Wireless Logic is acquiring Israel’s for at least . Israel’s has acquired Israel’s for around .

European smart T-shirt developer AccYouRate is to establish a data analysis center in Tel Aviv to analyze the extensive big data collected by AccYouRate's wearable devices. The move further solidifies Israel's reputation as a destination for data analysis and management advancements.

Leading electronics firm LG has selected the chipset from Israel’s Valens (see previously) to be used in its next generation of cameras for self-driving vehicles. The chipset will be used to connect multiple camera sensors with LG’s camera system to enhance passenger safety.

Around 100 000 people took advantage of a day of free travel on the first day of Tel Aviv’s light rail Red Line on August 18. This followed an official inauguration by the Prime Minister the previous day. The 24km line has 34 stops - 10 of them underground.

The prestigious Seatrade Cruise Awards competition has selected Haifa as one of the three outstanding cruise destinations worldwide for 2023. 235 cruise ships from 31 companies are expected to arrive in Haifa this year, bringing some 250,000 tourists.

New statistics show that numbers of US tourists visiting Israel in the first six months of 2023 were 12% higher than the same period in 2019, before the pandemic. High levels of tourism were also recorded from France, Russia, the United Kingdom, Germany, and Italy.

Israel’s fourth solar energy farm at Ashalim in the Negev Desert has started operating and will supply power at a record low price in the electricity market. The 2.2 cents per kwh price is less than electricity production using fossil fuels, and less than similar projects around the world.