With Iran resuming enrichment of 20% uranium at an underground nuclear facility, in breach of the 2015 nuclear pact and potentially complicating efforts by U.S. President-elect Joe Biden to rejoin the deal,Israeli prime minister Benjamin Netanyahu stated, the move is… Read More ›
Israeli
Israel-UAE trade could reach $4 billion in 1 year: Israel’s Intelligence Minister Eli Cohen
On Monday, in a statement Israel’s Intelligence Minister Eli Cohen stated, the annual trade between Israel and the United Arab Emirates is likely to touch $4 billion. The development comes in the wake of an announcement by both countries that… Read More ›
Israeli defense firm Elbit Systems Ltd wins $136M contracts in Asia-Pacific region
On Monday, Israeli defense firm Elbit Systems Ltd stated, it has won contracts worth $136 million to provide customers in Asia-Pacific with airborne laser direct infrared countermeasure (DIRCM) systems. The DIRCM systems are designed to protect aircraft against heat-seeking ground-to-air… Read More ›
French-Israeli billionaire Patrick Drahi to acquire auction house Sotheby for $3.7 billion
The acquisition is being routed though BidFair USA. In a deal worth $3.7 billion, Patrick Drahi, has agreed to purchase art auction house Sotheby. The billionaire tycoon behind telecoms and media group Altice has signed a definitive agreement to be… Read More ›
U.S.-Israeli startup GameEffective raises $11 million in new funding round
The startup aims to enhance employee performance and learning by using real time feedback through digital motivations, psychology and gamification. On Wednesday, GameEffective, a U.S.-Israeli startup stated which has created a digital platform to boost workforce performance, stated it has… Read More ›
Japan’s No.3 property and casualty insurer, Sompo, sets up base in Israel
Sompo is looking to invest in Israeli startups which specialise in cyber security, life sciences and agriculture. Sompo Holdings Inc, one of Japan’s top three property and casualty insurers, has become the first Japanese insurer to set up a fintech… Read More ›
Snapchat to acquire Cimagine Media for $30-$40 million
The deal, being Snapchat’s first Israeli acquisition, was supposedly driven by Cimagine Media’s skilled workforce rather than its augmented reality technology. Calcalist financial daily has reported that Snapchat is all set to acquire Cimagine Media, an Israeli augmented reality startup,… Read More ›