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Home Category Economy Business & Finance

Business & Finance

UAE seeks $1 trillion in economic activity with Israel by 2031

UAE seeks $1 trillion in economic activity with Israel by 2031

by Reuters and ILH Staff

Israel Export Institute chairman hails "window of opportunity" opened by Abraham Accords. "The economy is changing the face of the region and will offer a diplomatic infrastructure for strengthening bilateral ties,” he says.

Israeli tech exits in 2019 doubled to nearly $10 billion

Israeli, Mexican manufacturers' associations seek to triple bilateral trade

by Eran Bar-Tal

Two organizations sign a first of its kind strategic cooperation agreement with aim of seeing business ties between Israel and Mexico exceed $1 billion annually.

Israel expects US-mediated Lebanese sea border talks in weeks

Israel's Delek finalizes sale of Tamar gas stake to Abu Dhabi's Mubadala

by Reuters and ILH Staff

"On completion, the deal will represent one of the largest transactions between an Israeli entity and an Arab entity, which shows how Israel's natural gas resources can be a source of collaboration between nations," says Delek Drilling CEO Yossi Abu.

Bank of Israel demands customer data from banks, credit firms

Bank of Israel demands customer data from banks, credit firms

by Gilad Zwick

Customer data necessary to establish big data database, Bank of Israel says. Data will not include identifiable information, central bank says, noting database to be established in accordance with Justice Ministry guidelines.

Israel Aerospace Industries sees midyear profits skyrocket

Israel Aerospace Industries sees midyear profits skyrocket

by JNS and ILH Staff

According to figures released by the defense company, sales in the first six months of 2021 have reached around $2.2 billion.

Amazon brings back free shipping to Israel

Amazon brings back free shipping to Israel

by Hili Yacobi-Handelsman

After pause in service following coronavirus outbreak in 2020, retail giant restores free shipping on orders of select items totaling $65 and over. Offer will only apply to Amazon's US website.

Viva el sol! Israel's Enlight acquires solar energy projects in Spain

Viva el sol! Israel's Enlight acquires solar energy projects in Spain

by ILH Staff

Potential capacity of projects is some 490 MWdc. Enlight VP Zafrir Yoeli: New portfolio will add significant solar power in high-radiation areas and will diversify our production sources in the Iberian region.

Report: At $14.5B, Israeli startup exits nearly double in first half of 2019

Hot commodity: Israeli startups raise $2.4B in July

by ILH Financial Desk

High tech industry shows strong annual performance, raising $14.3 billion in the first seven months of 2021, up almost 50% from 2020's record $10 billion in financing rounds. 

Leading Israeli PR firm opens UAE division

'Export potential to Morocco could reach $250M annually'

by Hili Yacobi-Handelsman

A Report by the Regional Cooperation Ministry and the Israel Export Institute says exports to the North African country should focus on agriculture, water technology, digitization and smart industries, cyber, healthcare, and security.

Will US anti-BDS laws cause financial meltdown for Ben & Jerry's?

Will US anti-BDS laws cause financial meltdown for Ben & Jerry's?

by Sean Savage, JNS and ILH Staff

"By virtue of its wayward subsidiary, Unilever – a massive international conglomerate – risks potentially crushing financial consequences in terms of its ability to receive investments from, or do business with, the majority of US states,” said Brooke Goldstein of the Lawfare Project.

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