Articles by July, 2019

Chinese-Israeli group will purchase  Alon Tavor power plant from  IEC for NIS 1.9 billion
1678 Views Details

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
755 Views Details

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"
622 Views Details

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
639 Views Details

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
1326 Views Details

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
709 Views Details

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

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

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
950 Views Details

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

 Bezeq International: 300 employees will leave  the company in the next 5 years
767 Views Details

by Ifi Reporter

Category: Financial

Bezeq International employees signed an agreement with management, according to which over 300 employees will leave the company in the next five years - about 25% of the company's employees. According to the agreement, the cost of the workers' provision will reach more than NIS 50 million. The management will increase the various welfare payments and grant a special bonus to the employees on the basis of the cooperation between the subsidiaries. These are agreements for the voluntary retirement of hundreds of employees. The cuts in Bezeq International are made against the backdrop of a...

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Jul 12, 2019

First time since the establishment: Yes and Bezeq International offer a triple bundle service
869 Views Details

by Ifi Reporter

Category: Hitech

For the first time since the establishment of YES, yes and Bezeq International have announced a triple triple service in which the customer will be able to receive, in one package: television services, Internet at 100 megabytes (infrastructure and supplier) and home telephone. The new triple will be marketed together with Bezeq International, but the brand that will accompany the activity will be yes, in order to respond competitively to its competitors in the television market, which has long offered triple packages and thus had a significant advantage over it

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Jul 14, 2019

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