Israel Active

Israel’s economy saved more than NIS 316 billion (over $86 billion) in energy savings and environmental benefits over the past decade thanks to its natural gas discoveries. At the end of 2022, the price of electricity in Israel was nearly 50% lower than in Europe.

Fitch Ratings has affirmed Israel’s long-term rating at “A+” with a stable outlook, noting its diversified, resilient, and high value-added economy and strong external finances.

Israel and Vietnam have signed a Free Trade Agreement, Israel’s first with an Association of Southeast Asian Nations member. Direct flights to Hanoi are planned to start in Oct. Israel has also signed an agreement with Ivory Coast in agriculture, water, and tech.

Israel Chemicals Ltd (ICL) owns Boulby Mine in North Yorkshire, the UK’s deepest mine, and currently the world’s only polyhalite mine. Polyhalite, a naturally occurring crystal, is marketed as PolySulphate, a new eco-friendly fertilizer, used on the Wimbledon turf and exported worldwide.

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General Motors has Israel’s ORGOLiON (now renamed AIONZ). Israeli energy conglomerate is buying control of Israeli citrus fruit supplier and real estate investor . in a deal worth . Israel’s bought US-based AlterG for . Multinational Philip Morris is acquiring Israel’s for up to . France’s Thales is acquiring Israeli-founded for . EssilorLuxottica (makers of Ray-Ban sunglasses) Israel’s . Israel’s is acquiring PayU GPO for

TLV Partners (see previously) has raised $250 million in new funds to invest in innovative Israeli-founded early-stage startups. Its fifth fund will back up to 25 Israeli-founded startups engaged in AI, cybersecurity, fintech, biotech, and other fields.

Israel’s Appdome (see previously) is partnering with the U.S.-based Microsoft Azure DevOps to advance its Cyber Defense Automation Platform. It allows mobile app developers to rapidly detect potential cybersecurity threats and build secure Android and iOS applications.

The Agili-C knee implant from Israel’s Cartiheal has just been used for the first time in the United States. Dr. Ken Zaslav, a specialist in Orthopedic Surgery and Sports Medicine at Northwell Health in New York, was the first physician in the US to implant Agili-C in a patient.

Israel’s Electreon (see previously) has won a French public tender to install a 2km wireless Electric Road System (ERS) to charge passing electric vehicles. It will be built into a section of the A10 highway, Southwest of Paris. It will also include a stationary wireless charging station for all EVs.