Articles

Israel Natural Gas Lines Company inaugurated the natural gas pipeline to Jerusalem in a ceremony attended by Energy Minister Yuval Steinitz and Jerusalem Mayor Moshe Leon.This is an 18-inch, 34-kilometer-long pipe, costing NIS 290 million. The construction was done in two sections. The first part, the western one, starts close to the Sorek interchange on the Trans-Israel Highway and the second begins at the Zion Railroad station near Sha'ar Hagai. It ends at Beit Zayit. Only when this facility is completed can the gas flow to factories and consumers in the Jerusalem area. In 2020, the...

Alibaba announced that it is acquiring the Israeli company InfinityAR. The amount of the acquisition was not disclosed but is estimated at $ 10 million. In a statement issued by the Israeli company, she says that the company's employees will join Alibaba's machine vision lab in Israel after three years of partnership. Alibaba is the largest investor in the company alongside Moshe Singag's Singularity. So far, $ 25 million has been invested in the Israeli company, so the deal does not return the investment in a company established in 2012

Severe security breaches were discovered in the applications of the Likud and Labor parties, Check Point reported. The company did not examine applications by other parties as white blue, as they do not have official applications. Check Point researchers found that the Labor Party application extracts and maintains contact lists of its users without their knowledge and uploads them to an external server, mapping the social connections of users based on the names of the contacts, apparently in order to map the nature of the relationship between the user and the contacts His. In doing so,...

Elta Systems, a subsidiary and division of Israel Aircraft Industries, is acquiring 50% of the Eltam subsidiary of the MalamTeam group for NIS 42 million. The acquisition represents a step in the implementation of IAI's strategy to enter the IDF maintenance and outsourcing market in areas rich in technological equipment

The British chip company ARM is firing several dozen workers in Israel. The company refused to say how many workers would be fired, but it appears that this is a few dozen of the 200 employees employed by the development center in Israel. ARM said in response, "Like any business, ARM is constantly re-evaluating its resources and technology to ensure that we are ready to support our growth strategy." ARM recently re-evaluated our investment in the IoT Services Group to increase effectiveness And our ability to respond to customers and this may affect a small number of positions in Israel...

Israel's largest renewable energy project and one of the largest and most complex in the world, has completed the construction stage and is starting to operate commercially. From tomorrow, Negev Energy's thermal power plant at Ashalim will supply clean electricity to the national grid. Negev Energy received all the necessary approvals, including a permanent license for the generation of electricity from the Israel Electric Corporation, and it will begin tomorrow at the commercial operation stage of the nearby solar thermal power plant To Ashalim in the Negev. Negev Energy (50%), the Noy...

The competition authority decided to reduce the administrative fine it is considering to impose on Coca-Cola Israel for the abuse of monopolistic power and breach of the terms of a merger with Neviot. This emerges from a revised letter of hearing sent today to the Central Bottling Company, which markets Coca-Cola products in Israel. According to the amended version, the Authority decided to retract its intention to impose a fine of NIS 340,000 on the CEO of the distribution company, Nir Levinger.The decision on the amended fine is also subject to a hearing, according to the Authority, for...

According to the preliminary investigation of the Israeli spacecraft Beresheet's landing maneuver, following an IMU malfunction a command was uploaded to the spacecraft. This led to a chain of events in the spacecraft, which turned off the main engine and prevented proper engine activation. The SpaceIL and Israel Aerospace Industries (IAI) team continues to investigate what occurred during the mission. In the coming weeks, final results of the investigation will be released

Sightec announces a $ 2 million seed investment round from the "Sherpa" "InnoVentures" and "Playfair Capital" funds. The investment will be used to further develop a spatial orientation system based on computer vision and artificial intelligence. The system allows aircraft with full or partial autonomy to orient, navigate, land and perform complex tasks in real time at high accuracy, even when there is a communication limit such as GPS blocks. IAI is among the largest customers of the start-up company