Articles

VC Innogy Innovation Hub along with ConTech, an innovative program by the Israel Builders Association, in partnership with the Ministry of Housing and Construction and the Ministry of Economy, have all recently conducted a joint research to examine processes in the PropTech field over the last decade , including development in construction tech, asset insurance, property management, real estate exchange, and digitalization of construction processes, to name a few. The research found more than 100 different startup companies operating in this scope, with the last five years marking a...

The Ministry of Finance published a memorandum to increase the retirement age for women, now 62 years. According to the proposal, this is a gradual move that will take place over a period of 11 years, starting next April. In the first three years, the retirement age will be raised at a rate of 4 months per year, and for the rest of the years - 3 months per year. Then the retirement age will be linked to life expectancy when the retirement age for women can not exceed that of men. The first stage in which the retirement age will be raised in 4 months per year will apply to the children born...

The Ministry of Transport published the identity of the winners in four service taxis in Beer Sheva, Ramle-Lod, the southern suburbs of Tel Aviv and Netanya. The use of the multi-line on these lines will only be possible on weekdays, but taxi service operators will be able to offer travel on Shabbat as well. All in all, there are dozens of service taxi lines, half of which are new lines, which will begin operating within a few months. In each of these plans, dozens of municipal and interurban taxis will be operated, doubling the number of taxis in these areas. Passengers in service taxis...

43 employees were killed in work accidents in the first half of 2019 - an increase of 30% over the same period last year, and the highest figure for this period in the last five years. Kav La'Oved, a report published by the Kav LaOved organization, is working to eradicate the scourge of work accidents in general and in the construction industry in particular. The main cause of fatal work accidents is falls from heights - with about 40% of these accidents. The second factor is the fall of heavy objects - with 26% of the fatal accidents, and the third of the injuries to vehicles (18%) most...

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....

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...

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...

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...

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...

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