Israel Active

Nebraska Gov. Jim Pillen led a 4-day trade and solidarity mission to Israel. The delegation initiated strategic partnerships between Nebraska and Israeli institutions and saw firsthand how America’s alliance with Israel was critical in the war against Hamas, Hezbollah, and Iran.

Another top-performing Israeli company is JFrog. Since it floated on Nasdaq (IPO) five years ago, it has risen in value from $3.9 billion to $7 billion. JFrog employs more than 1,600 people, around 1,000 of whom are based in Israel. It has taken over three companies since the IPO – all Israeli.

Global credit rating agency Standard & Poor’s upgraded Israel’s credit rating outlook to stable from negative. S&P said it “could raise the ratings if Israel’s growth and fiscal outcomes proved much stronger than we currently project…. and from a significant and lasting reduction in regional geopolitical and security risks”

A report by the Organization for Economic Co-operation and Development (OECD) praised Israel for maintaining stability in its agricultural sector despite the prolonged war. It highlighted the lowering of water costs to farmers and the hiring of foreign workers.

In the last 2 months, Israel’s Silynxcom (see previously) has received four orders from the IDF, totaling $2 million for its innovative headsets.

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US public safety giant Axon has acquired Israel’s emergency call service startup for ; US-based HubSpot has Israel’s . Israel’s has Israel’s .

Isrotel’s Kayma hotel is the first new Dead Sea hotel to open in 20 years. It has just 44 rooms and suites and cost NIS 128 million to build. Construction took eight years.

Israel’s SPYDER air defense system has become one of the world’s most popular ground-based air defense systems. Its modular design allows it to be tailored to the specific needs of client nations, contributing to its widespread appeal. Worries about Ukraine have superseded political rhetoric.

The 9,300 Israeli employees of Intel Corporation will see their benefits soar, once special Israeli bonuses are absorbed into basic salaries, boosting them by some 10%. It will increase other bonuses, pensions, training funds, compensation etc. as these are dependent on basic salaries.