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On February 24-27, Israel will host the world's largest industrial innovation week, the "II4.0" Conference - led by "Start-Up Nation Central" (SNC), Grove's venture capital fund and international consulting firm Deloitte. The conference will discuss machine communication issues, secure production lines and 3D printing and will present lectures, forums and professional panels led by industry executives. Significant international companies are expected to announce new activities to take place in Israel, as well as new collaborations with Israeli companies and startups. Yariv Lotan, SNC's...

The Prime Minister, the Minister of Finance and the Minister of Innovation agreed on a basket of benefits for the advancement of the Israeli high-tech industry. The government will promote three legislative amendments designed to strengthen and promote Israeli high-tech as a key engine of growth in the economy. The Ministry of Finance has issued a memorandum of law for public comments that includes three legislative amendments: 1. "Angel Law": granting a tax credit to an investor in a start-up company. This is first and foremost in order to encourage first-round investments ("pre seed"...

The Israeli payment company Pioneer (Payoneer) was fined $ 1.4 million by the US Treasury Department for violating 2,260 different sanctions in a large number of countries, including Iran and Syria. Other countries include Ukraine, Sudan and violations of sanctions against individuals who are defined as barriers to money transfers by US authorities. According to the Ministry of Finance report between 2018-2013, Pioneer processed 2,241 payments to entities located in the Crimea, Iran, Saudi Arabia and Syria as well as 19 violations of sanctions by individuals who are blocked by the US...

.148 people were diagnosed with Corona patients in the past day, according to (Tuesday) Health Ministry data released (Tuesday). The data also shows that 32 have recovered in the last day, and the number of active patients is currently 2,722. According to data and a report from the Corona National Information and Knowledge Center, affiliated with the IDF Intelligence Division, 166 patients were added in Tel Aviv as of June 1. According to the Ministry of Health, 18,180 people have contracted corona in Israel, of which 15,159 have recovered. 31 of the active patients are defined as in...

The Israeli start-up Innoviz, which develops Lidar sensors that help autonomous vehicles identify their surroundings, announced today (Friday) that it will be listed for trading on NASDAQ in early 2021. The registration will be done by a merger with SPAC called Collective Grot. (Collective Growth) Collective is a content public company that has raised $ 150 million for one purpose - locating a private merger company. In such a merger process, Invis is expected to gain access to the Spock funds and another $ 200 million from investors, including institutional entities such as the Phoenix...

For the second time in a year, the Administrative Court canceled a plan to build 3,000 apartments southeast of Ashdod Port, which was twice approved by the National Planning and Building Committee and promoted by the Israel Lands Authority. This is a huge plan to build a new neighborhood known as Lachish Park, on a 612 acre site where Ashdod's new football stadium is to be built. The ruling will force the state to appeal to the High Court or completely cancel the plan. At the beginning of the year, the Be'er Sheva Administrative Court received a petition from the Manufacturers...

The housing cabinet met today (Tuesday) for the first time since the government was formed, and approved a grant program for the purchase of second-hand apartments as part of lotteries and the increase in grants for the purchase of apartments as part of the "discounted apartment" program in the periphery - the two main proposals of the Ministry of Housing and the Israel Land Authority that were announced yesterday

"US Comtech acquires Gilat Satellites for $ 577 million: The deal will be made in cash and shares, with the share price at $ 10.25 - the price at which the stock closed yesterday's trading at $ 10.11. The consideration - 70% cash and the remainder of Comtech. The main beneficiaries of the deal are the Ishi Davidi Phimi Fund, which holds 34.1% of the company's shares and will receive $ 181 million for them. Mivtach Shamir is the second largest shareholder in Gilat, with a 9.7% stake in the company's shares - you will receive $ 52 million for the shares. Gilat shareholders, including the...

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...