Articles by July, 2019

The Israel Postal Company and Swiss Post will invite e-commerce start-ups for cooperation
221 Views Details

The Israel Postal Company and Swiss Post will invite e-commerce start-ups for cooperation

by Ifi Reporter

Category: Government

The Israel Postal Company begins their first cooperation with Swiss Post, which aims to identify technological solutions to the common challenges facing postal companies worldwide in the field of online commerce and logistics. The company is currently inviting start-ups and Israeli enterprises to offer advanced technological solutions that will meet the needs of both postal companies. This move is led by Maya Calderon, VP of Innovation & Business Development, Israel Postal Company, as part of the strategy to promote technological solutions, local business development and embracement of...

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Jul 1, 2019

Chinese-Israeli group will purchase  Alon Tavor power plant from  IEC for NIS 1.9 billion
311 Views Details

Chinese-Israeli group will purchase Alon Tavor power plant from IEC for NIS 1.9 billion

by Ifi Reporter

Category: Government

The Chinese-Israeli MRC Group, consisting of China's China Harbor and Israel's Mivtach Shamir and Rafak, is the winner of the giant tender for the purchase of the Alon Tavor power plant. The company beat six competitors and will purchase the station for NIS 1.9 billion. This is the first time a Chinese company has been entering conventional electricity generation in Israel. The station is supposed to be transferred to the group until the end of 2019. There is a large gap between the price offered by the group and the estimated shelf price of the station, which is around NIS 800 million....

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Jul 2, 2019

Exits in the first half of 2019 totaled $ 14.48 billion in 66 deals
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Exits in the first half of 2019 totaled $ 14.48 billion in 66 deals

by Ifi Reporter

Category: Financial

Exits in the first half of 2019 totaled $ 14.48 billion in 66 deals, including the acquisition of Ananeda by Mellanox (a deal of $ 6.9 billion not yet completed). Without the Mellanox deal, the total amount of exits in the first half of the year was $ 7.58 billion, according to the IVC research report and the firm Meitar for the first half of 2019. Compared to the first half of 2018, the number of exits decreased slightly from 73 to 66 this year. On the other hand, the average value of the exit rose to $ 116.6 million without the Mellanox deal, and almost doubled compared to $ 63 million...

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Jul 3, 2019

"47 policemen were wounded by vilence of Members of the Ethiopian community"
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"47 policemen were wounded by vilence of Members of the Ethiopian community"

by Ifi Reporter

Category: Government

Demonstrations of Ethiopian Jews and their supporters in the wake of the death of Salomon Tekka from the shooting of a policeman in Haifa deteriorated on Tuesday evening to vandalism, anarchy, police and property damage. The riots continued all night. Rioters threw stones at a bus in Petach Tikvah and its windows were smashed, police cars in Kiryat Malachi were stoned, and policemen were attacked after midnight in Afula. Following riots on Route 431, near the Ramle junction, 10 wounded were evacuated to Assaf Harofeh Hospital, nine of whom were released to their homes. In the disturbances...

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Jul 3, 2019

The Ministry of Communications wasnts to  increase the number of possible Internet addresses
108 Views Details

The Ministry of Communications wasnts to increase the number of possible Internet addresses

by Ifi Reporter

Category: Hitech

The Ministry of Communications is revising the licenses of telecommunications companies and obliging them to adapt their networks to fully support the IPv6 protocol (IP address pool) in order to increase the number of possible Internet addresses. The transition to the new protocol is a complex process, since the core systems of the Internet and the replacement of the end equipment are required, and not all entities currently see a worthwhile return on investment. According to the Ministry of Communications, these are only a few million. The intention is to increase the number of IP...

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Jul 3, 2019

 Israel Advanced Industries Association signed in China a strategic cooperation agreement
173 Views Details

Israel Advanced Industries Association signed in China a strategic cooperation agreement

by Ifi Reporter

Category: Politics

The Israel Advanced Industries Association (IATI) has signed a strategic cooperation agreement in China that will serve as a bridge between Israeli and Chinese industries. The cooperation was signed during the Nanjing Techweek 2019 Conference held in China's Jiangzhou Province. The provincial capital of Nanjing is considered one of the three most important cities in China's economy The cooperation will be expressed in promoting and strengthening the economic relationship in the field of innovation between the two countries, developing business relations between Israeli companies with...

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Jul 6, 2019

Bird, The US-Israel Binational Fund fapproved a $ 8.2 million investment in 9 ventures
151 Views Details

Bird, The US-Israel Binational Fund fapproved a $ 8.2 million investment in 9 ventures

by Ifi Reporter

Category: Government

The US-Israel Binational Fund for Industrial Research and Development (BIRD) recently approved a $ 8.2 million investment in nine joint ventures between Israeli and US companies. In addition to the grants, the projects will receive financing from the private sector, so that the total investment in the projects will reach $ 20 million. The BIRD Foundation works to encourage cooperation between Israeli and American companies in the various fields of technology

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Jul 7, 2019

Bank of Israel: the interest rate is expected to rise to to 1% by the end of 2020
205 Views Details

Bank of Israel: the interest rate is expected to rise to to 1% by the end of 2020

by Ifi Reporter

Category: Banking

The Monetary Committee of the Bank of Israel, headed by Governor Amir Yaron, decided to leave the interest rate unchanged for the sixth time in a row, and it will be 0.25%. At the same time, Bank of Israel economists kept the interest rate forecast unchanged for the rest of the year and next year. This means that the interest rate will rise once at the end of the third quarter of 2019 and twice in 2020. The rate of the basic interest rate in the economy has been 0.25 percent since the end of November 2018. At that time, the acting deputy, Nadine Bodo-Trajtenberg, decided to raise the...

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Jul 8, 2019

Google buys Israeli startup Elastifile that develops storage solutions for more than $ 150 million
128 Views Details

Google buys Israeli startup Elastifile that develops storage solutions for more than $ 150 million

by Ifi Reporter

Category: Hitech

Google buys Elastifile for more than $ 150 million. Elstify develops storage solutions for enterprise environments and cloud services. According to the search giant, the deal is expected to be approved this year. Elastifil was founded by Amir Aharoni, Ronny Luxenburg and Shahar Frank, and currently employs 70 people. The company is headed by Erwan Menard. The company is developing a system that makes it easier for large organizations to access cloud storage systems and build applications that can run in the cloud environment. "Elstifile's service is useful for high-performance cloud tasks,...

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Jul 9, 2019

 US Bridge Point acquired the Israeli Qualitetest for an estimated $ 420 million
156 Views Details

US Bridge Point acquired the Israeli Qualitetest for an estimated $ 420 million

by Ifi Reporter

Category: Financial

The private US investment fund Bridge Point acquired control of the Israeli Qualitet from another US fund - Merlin Equity Partners; The purchaser announced today. The deal was not disclosed, but market sources estimated it at $ 420 million. The figure represents a multiple of five times for the seller. Qualitast is a software testing and quality assurance company established in 1998 by Eli Margolin and Eyal Zilberman. It is considered the second largest QA company in the world. In recent years, Qualitast has established its software testing activity on automation and artificial...

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Jul 10, 2019

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