Israel is expanding its foreign worker quotas to address persistent labor shortages across retail, food production, and service industries. The move enables major supermarket chains, factories, and service providers to recruit workers from Thailand, Sri Lanka, and India to fill essential roles. The government has approved around 19,800 new permits for employment in commerce and […]
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Israeli biotechnology company Kadimastem Ltd. has completed its merger with Switzerland-based NLS Pharmaceutics AG, creating NewCelX, a newly combined biotech company now traded on NASDAQ. The merger strengthens cross-border collaboration between Israeli innovation and the global life sciences capital markets, uniting Kadimastem’s stem-cell-based therapeutics with NLS’s neuroscience research and commercialization capabilities. Pearl Cohen represented Kadimastem, […]
Axon Enterprise Inc., the U.S.-based public-safety technology company behind TASER and Axon Cloud, has agreed to acquire Israel’s Carbyne Ltd., an emergency-communications platform specializing in cloud and AI technology, in a transaction valued at USD 625 million. The deal is subject to customary closing conditions and is expected to complete in the first quarter of […]
OPC Energy Ltd., an Israeli-listed power and renewable energy company, has secured a USD 300 million cross-border syndicated term loan facility to finance its equity contribution to CPV Group LP for the development of a new power plant in Texas. The transaction bridges Israeli and U.S. project finance structures, harmonizing market standards across both jurisdictions […]
After two years of intensive work, Matrix IT Ltd. and Magic Software Enterprises Ltd. have signed a definitive merger agreement, marking the largest merger in Israel’s IT sector. The deal, structured as a reverse triangular merger, will see Matrix acquire Magic in exchange for newly issued Matrix shares, creating a combined IT powerhouse valued at […]
Founded in Israel in 2015 by Ariel Cohen and Ilan Twig, Palo Alto-based travel-tech firm Navan, Inc. raised approximately USD 923 million, giving the company a valuation over USD 6 billion, and is to be listed on Nasdaq. Navan’s IPO marks a striking revival for a company that came close to collapse in 2020, when […]
The Phoenix Group has completed an issuance of deferred undertakings (COCOs), which are additional Tier 1 capital instruments of Phoenix Insurance Company Ltd., linked to the index, raising NIS 500 million. The issuance drew exceptional demand exceeding NIS 500 billion, with participation from many of Israel’s leading institutional investors. This follows Phoenix’s 2023 milestone as […]
Israeli defence-tech company Controp Precision Technologies has secured approval to establish a regional subsidiary in the Abu Dhabi‐based Abu Dhabi Global Market (ADGM) free zone under the supervision of Israel’s Defence Ministry and Government Companies Law. The new entity, initially to be named Controp (UAE) Ltd., will market, sell, develop and maintain its electro-optical surveillance […]
OfekTech, a new Israeli accelerator, has been launched to empower IDF and national-service veterans to develop high-impact technology ventures. Created by Masa El HaOfek (Journey to the Horizon) in collaboration with the Israel Ministry of Defense, the program offers mentorship, legal and financial guidance, and access to Israel’s thriving tech ecosystem. The accelerator supports veterans […]
Israeli innovation continues to power New York’s economy, with Israeli-founded companies generating USD 19.5 billion in gross economic output in 2024, according to the 2025 Economic Impact Report by the United States–Israel Business Alliance (USIBA). Across New York State, 648 Israeli-founded firms supported 57,145 jobs, paying USD 8.6 billion in employee earnings and adding USD […]
