Israel advances first Climate Bill, with the draft legislation headed for the Knesset, as it looks to commit emissions to 27% by 2030. The bill reflects a compromise reached after a tough battle between the Environmental Protection Ministry, which wanted more ambitious targets for emissions cuts, and the Finance Ministry, which fought against including any […]
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According to the Wall Street Journal, Jared Kushner has raised USD 2 billion from the Saudi sovereign wealth fund to invest in Israeli tech companies, with two unnamed tech companies targeted.The amount is part of a USD 3 billion private equity fund, Affinity Partners, set up to invest in Israeli companies. The deal would mark […]
Israel’s national water company, Mekorot has raised NIS 1.2 billion in bonds. Ranked at the maximum credit rating of ilAAA for 19 consecutive years, Mekorot, until 2018, had made investments reaching only NIS 800 million a year. With the signing of the reform in 2019, the investment plan was increased to NIS 1.5 billion a […]
Israeli AI-based machine health monitoring company Augury is to acquire Israeli AI-based process intelligence company Seebo in a cash and stock deal estimated at appx. USD 140 million. Augury’s machine health solutions help companies ranging from Colgate and PepsiCo to ICL and Essity predict machine reliability and performance issues to eliminate downtime and increase production […]
Abdel Wahid Rakal, director general of Morocco’s Ministry of Industry, Trade and the Digital Economy visited Israel at the head of a delegation of 18 CEOs of some of Morocco’s biggest technology companies. He spoke exclusively to Globes and you can read it here.
Gornitzky represents Fattal Group, Israel’s largest hospitality group, in the establishment, alongside Israeli institutional investors, of a new investment venture for the establishment, acquisition and renovation of hotels in Europe to be operated by the Fattal Group, in an aggregate amount of up to Euro 1 billion. The initial capital commitments raised amounts to Euro […]
Altshuler Shaham has recently completed a reverse triangular merger and an IPO, under which Altshuler Shaham Finance’s shares were listed on the Tel Aviv Stock Exchange, while Altshuler Shaham Provident Funds and Pension’s shares were delisted from the Tel Aviv Stock Exchange. As a result of the merger and IPO, Altshuler Shaham Provident Funds and Pension became […]
It seems that every week we hear news of a new Israeli unicorn and mega round of investment. Israeli high-tech funding reached a record $25 billion in 2021, with $18.93 billion (74% of total capital) raised in rounds over $50 million, according to the latest data from Israeli research institute IVC. 2021 also saw 33 […]
The Israel Innovation Authority (IIA) has been working overtime. The R&D-focused government branch is involved in a slew of new programs in the month of April, several of which were announced just this week. Two of those programs are related to the government’s recent decision to promote a national plan for smart transportation. Read more […]
The Israel Innovation Authority has granted USD 18 million in funds for the “world’s largest” consortium for cultivated meat development” – made up of 14 companies including leading Israeli food tech startups, and 10 universities and research institutions. Read more here.
