Egged, Israel’s largest bus operator, has won the 10-year tender to operate and maintain Tel Aviv’s Green and Purple light rail lines, with an option for a 10-year extension. The Green Line will connect Herzliya to Holon, while the Purple Line will link Tel Aviv with Yehud and Kiryat Ono, significantly expanding the city’s public […]
Author: Idan Nishlis
The UK and Israel continue to strengthen their collaboration across science, technology, and trade, fostering innovation and economic development. In 2024, the two nations launched their first government-funded bilateral research initiative, investing NIS 9 million (USD 2.4 million) in projects spanning food technology, quantum technologies, and artificial intelligence for drug discovery. Economic ties have also […]
Israel’s cybersecurity sector achieved a 56% increase in funding in 2024, raising USD 3.79 billion, up from USD 2.42 billion in 2023, according to a Cybertech Global and IVC report. The industry’s resilience amid geopolitical and economic challenges highlights Israel’s continued dominance in global cybersecurity innovation. Early-stage investments grew, with 58 seed deals, reflecting a […]
Israel’s high-tech sector continues to thrive in 2025, with startups across artificial intelligence, cybersecurity, quantum computing, and fintech securing substantial investments. According to Calcalist Tech, numerous companies have raised funding to scale their technologies and expand into global markets. Notable rounds include Quantum Machines, which secured USD 170 million at a USD 700 million valuation […]
Israel’s Energy Ministry has officially awarded natural gas exploration licenses to a BP-SOCAR-NewMed Energy consortium, marking BP’s first venture into Israel’s gas sector. The 12 licenses, covering 1,700 square kilometers in the Mediterranean Sea near the Leviathan gas field, were initially granted in October 2023 but formally signed on March 17, 2025, in the presence […]
Alphabet Inc., Google’s parent company, has agreed to acquire Israeli cybersecurity firm Wiz for USD 32 billion, marking the largest acquisition in its history. This is also the largest exit in Israel history and biggest-ever cybersecurity acquisition. This move strengthens Google’s cloud security offerings as it competes with Amazon Web Services (AWS) and Microsoft Azure […]
Armis, a US-based leader in cyber exposure management, has acquired Israeli cybersecurity firm Otorio for approximately USD 120 million. The deal enhances Armis’ capabilities in securing operational technology (OT) and cyber-physical systems (CPS), reinforcing its presence in critical industries such as energy, utilities, and manufacturing. Otorio’s Titan platform will integrate into Armis’ Centrix suite, enabling […]
Aaron Shapira has sold his stake in Rimon Consulting and Management Services Ltd., a Tel Aviv Stock Exchange-listed company, back to the firm. Avi Cohen, the remaining shareholder, will continue his partnership. The transaction unfolded in a challenging environment following Intel’s cancellation of a major project with Teva Tash, significantly affecting the expected exit valuation […]
Matrix, a leading Israeli IT services provider, has signed a MOU to acquire all outstanding shares of Magic Software Enterprises Ltd. The deal, structured as a reverse triangular merger, will make Magic a private subsidiary of Matrix. Upon completion, Magic’s shareholders will hold approximately 31.125% of Matrix’s share capital. The transaction remains subject to due […]
The Israel-China Chamber of Commerce and Israel-Asia Chamber of Commerce held their inaugural public event, “Doing Business in China in the Year of the Snake,” drawing over 100 participants. The conference focused on economic opportunities for Israeli companies, with Chinese Ambassador H.E. Mr. Xiao JunZheng advocating for stronger bilateral ties and a potential free trade […]
