Articles by March, 2019

The International Bank has signed a cooperation agreement for the issuance of credit cards with Leumi Card and will offer the cards under all of the Group's brands: the International Bank, Otsar Hahayal, Massad, Ubank and Pagi, in addition to the existing credit cards of Isracard and CAL. Upon completion of the transaction, the Bank will comply with the requirements of the law, and no additional credit company will be required, since it already works with CAL and Isracard, and will actually work with all existing credit companies in the market

The Supreme Court accepted Tnuva's petition and instructed Minister of Finance Moshe Kahlon and Agriculture Minister Uri Ariel to adopt the recommendation of the Government Prices Committee from March 2018 and raise the maximum price of supervised dairy products by 3.4 percent. According to estimates, this is an average increase of NIS 10 a month per household

A business delegation from India, the fastest growing economy in the world, arrived in Israel. This week, the "India Week in Israel" events are being held under the leadership of the Innovation Authority, the Indian Embassy in Israel and the Foreign Trade Administration of the Israeli Ministry of Economy in New Delhi. During the events, a delegation of 30 CEOs and chairmen of leading companies in the Indian high-tech and technology industry arrived in Israel for a cooperation conference in the field of innovation

"eBay-Israel" initiated the opening of a branch of "she codes" in its offices in Netanya, in order to provide as many Israeli women with the opportunity to be exposed to the programming and code world as possible, and to open doors to the technological world. The initiative received great response, and brought about 100 women to the eBay offices in Netanya, which met for the opening session of she codes courses. Starting this week, will be held every Sunday afternoon, under the guidance of staff members; And eBay workers who have been harnessed to this initiative

SAP announced the launch of its first SAP.iO Foundry for Tel Aviv. The Tel Aviv location is designed to help and support early stage business-to-business (B2B) startups build innovative software and deliver high value for SAP customers. The 12-week startup accelerator program commences in July 2019 and will comprise of up to 10 start-ups focused on deep technology and the intelligent enterprise to deliver incremental value to SAP’s customers. The official announcement was made on the main stage at OurCrowd Summit 2019, Jerusalem, by Ram Jambunathan, senior vice president and managing...

The Investment Authority of the Ministry of Economy and Industry, will implement a program to integrate interns from the Arab population in the industrial and high-tech sectors. The program is designed to help employers from the high-tech industry integrate students and graduates of higher education institutions in Israel from the Arab population, including Druze, Bedouin and Circassians studying technological subjects. The course is intended for corporations from all over the country dealing with elite technologies, companies in the pharmaceutical industry, electronic components,...

Mellanox, one of the largest chip companies in the world, was sold to US chip giant Anbidia for $ 7 billion. This is the second exit of the company's founder and CEO, hi-tech entrepreneur Eyal Waldman, after his Galileo was floated on the stock exchange about 20 years ago. Under the terms of the agreement, Anbidia will acquire all the issued and outstanding ordinary shares of Mellanox for $ 125 per share in cash, representing the total value of the Company's operations. The acquisition will bring together two of the world's leading high performance computing (HPC) companies. Together,...

The annual demo event of the Start-Up Accelerator of Kama-Tech, the leading organization for the integration of ultra-Orthodox in Israeli high-tech, took place. The event was held on Google's new campus in Tel Aviv, with the participation of US Deputy Ambassador to Israel Terry Davidson, Google's global vice president and director of Google's development center in Israel, Prof. Yossi Matias and Moshe Friedman, founder of Kama-Tech. KAMA-TECH's Exelter Program is a unique program that completed the fourth year of the year. The nine start-up companies of the ultra-Orthodox entrepreneurs and...

The State Comptroller published a harsh report on the state of public transportation, stating that the density of traffic on Israel's roads is 3.5 times higher than the average in the OECD countries. Over the years, the use of public transportation has remained small, and the use of private cars has increased. State Comptroller Yosef Shapira described the state of transport in a special and severe criticism report on the crisis and harshly criticized the conduct of the Ministry of Transportation.

Pointer is sold to I.D. Systems. That you pay for Pointer, in a share transaction and in cash, an amount of $ 140 million. The deal is expected to close in the summer. After completion, the company will be traded on the Tel Aviv Stock Exchange and the NASDAQ, and will be called PowerFleet. This is a combined cash and equity transaction, with a cash component of $ 72 million, based on loans of $ 40 million from Bank Hapoalim. Pointer provides mobile asset management services and products, such as technological solutions for fleet management. Pointer provides mobile resource management...