Israel’s National Council for Civilian Research and Development (NCCRD) has recommended that Israel’s top five research and development priorities should be bio-convergence (merging engineering and medicine); food tech; renewable energy and energy storage; civilian space industry and blue tech (using the sea as a national resource). The committee also recommended continuing government support for two […]
Author: Idan Nishlis
Bahrain, a signatory to the Abraham Accords, has already been successful in diversifying its economy by reducing the share of oil and gas to comprise less than 20%, down from 42% twenty years ago, while growing sectors such as manufacturing, financial services and tourism. This offers potential for Israeli businesses. Read more here in Jerusalem […]
The figures show a steady rise in the volume of civilian trade since then, reaching USD 4.7 billion in 2019 and jumping to USD 6.6 billion in 2021. The trend has continued in 2022, with trade reaching USD 3.7 billion in the first half of this year. The biggest item in trade between the two […]
Eyal Ofer, chairperson of Ofer Global, one of the controlling shareholders in Mizrahi Tefahot Bank and a shareholder in the Royal Caribbean Group cruise line company, is taking advantage of market conditions to invest in early-stage technology companies. Ofer has invested USD 400 million of his personal capital to set up a second fund of […]
Cellcom Israel Ltd. has completed a NIS 400 million public debt financing through the issuance of a new series of public bonds listed for trading on the TASE. Due to high demands in the preliminary tender the scope of the public debt financing was increased from an in initial NIS 150 million to NIS 400 […]
Bank Leumi has raised NIS 2 billion as part of an expansion of existing series of contingent convertible bonds (“COCO”), as well as the issuance of a new series of commercial papers. Agmon & Co. Rosenberg Hacohen & Co. acted for Bank Leumi, led by partner Ran Shalom and associate Marom Bouznah of the Capital Markets Department.
One Peak has led a USD 70 million investment in Cymulate, with other investors including Vertex Ventures, Vertex Growth, SGE and Dell Technologies Capital. It takes the total raised by Cymulate to USD 141 million. According to TechCrunch, the cost of cybercrime has been growing at an alarming rate of 15% per year, projected to […]
Two years after the signing of the normalization agreement between Israel and Morocco, Minister of Economy and Industry Orna Barbivai has announced a further substantial step in the warming of relations between the two countries: the opening of an economic attaché’s office in Morocco in 2023. Read more here in Globes.
The recent frightening developments in the economy, which may be found to be exaggerated, concern many in the high-tech industry. Companies are required to cut costs, investors are sitting on the fence and waiting for the crisis to demolish their investments, creditors are starting to sharpen their sword, vendors are getting edgy on the credits […]
1,328 insolvency petitions relating to companies were filed in Israel’s courts in 2021, 11% more than in 2020, when 1,200 such petitions were filed. The figures are from a report published this morning by the Administrator General, the Commissioner of Insolvency Proceedings, and the Succession Cases Registrar at the Ministry of Justice. In 2021, debts […]
