Israel Active

Israel’s Finaloop offers a fast automated accounting and bookkeeping system. It can also provide a complete third-party financial management service.

Jerusalem’s construction boom will attract more businesses and residents to Israel’s capital. It includes the city entrance (1-3 million sqm), K complex (100,000sqm), Marom Tower (40,000sqm), plus the regional district, old Shaare Zedek, Givat Shaul, Talpiot, Har Hotzvim, Givat Ram, & East Jerusalem.

Despite the war, Tel Aviv moved up to 4th place in the 2024 Global Startup Ecosystem Report, by Startup Genome and the Global Entrepreneurship Network. The report evaluated 4.5 million companies in more than 300 entrepreneurial ecosystems worldwide.

Good news for Ozzy lovers of honey – Israel’s BeeHero (see previously) has partnered with local beekeeping and pollination company Monson’s Honey and Pollination, to help beekeepers assess the health of their colonies. Also, around one third of Australian food crops rely on honeybee pollination.

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Israel’s has with France's Kalray.

Israel’s Cipia (see previously) is to provide its Driver Sense driver monitoring system (DMS) to a leading European maker of components for commercial vehicles. There are now 10 global vehicle manufacturers that are using Cipia technology.

Israel is to purchase 25 F-35 ‘Adir’ fighter planes from the US for $3 billion. Up to five planes will be delivered each year from 2028, to complete three squadrons of F-35s and a total of 75 planes.

El Al Airlines has signed a codeshare and club sharing agreement with Richard Branson's Virgin Atlantic on the Tel Aviv to London Heathrow route. It comes into effect on Jun 19. El Al has code share agreements with Delta, Air France and Scandinavian. Virgin is a member of the Sky Team Alliance.

Israel’s Consumer Price Index (CPI) rose 0.2% in May, for an annual rate of 2.8% - much lower than economists' expectations. The cost of fresh vegetables and transport fell substantially.