Israel Active

As reported previously, a new Free Trade Agreement with (South) Korea came into effect on 5th Dec 2022. This article lists many of the benefits for Israeli imports and exports.

Israel’s Orca Security (see previously) has been chosen as Amazon Web Services’ global security partner of the year for 2022 in recognition of its contribution to the web giant’s cloud computing platform and its customers.

French water company CAPI is employing Israel’s Kando (see previously) to implement smart wastewater data management for 22 municipalities serving 100,000+ customers in south-east France.

Israel’s Wasteless (see previously) is rolling out its dynamic pricing systems across 70 Hoogvliet stores in the Netherlands. The Wasteless algorithm will automatically update prices on the shelf, within Hoogvliet’s store operations app, and at the checkout.

Israel’s Autotalks (see previously) is partnering Germany’s Afusoft to deploy Autotalk’s V2X chipsets at roadside traffic signals along Germany’s autobahn. It will be Germany’s first fully functional V2X (Vehicle to Anything) project in Germany, aimed at saving lives on the federal highway.

Israel’s Eco Wave Power (EWP - see previously) is to build the world’s largest-ever wave power plant at Ordu, on Turkey’s Black Sea coast. EWP signed a deal with Turkey’s Oren Ordu Enerji that will eventually create a 77MW plant costing $150 million.

Israel’s TopGum (see previously) says it has inked a five-year agreement to develop nutritional supplements for a “large international corporate worth of over $150 billion that produces and markets its products in about 200 countries”.

Israel’s 10D Venture Capital focuses on investing in Israeli companies based on deep technology and new business models. 10D has just raised $245 million for two new funds, including a $185 million early-stage fund that has already made investments in four companies currently still in stealth mode.

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Israeli and United Arab Emirates parliaments have formally ratified the free trade agreement that they signed in May. The FTA eliminates or reduces tariffs on 96% of products traded between the two countries.