Business & Finance

Transportation Minister Merav Michaeli said the plan balances the government's responsibilities with those of the controlling shareholders in El Al, Arkia, and Israir.

Bilateral trade reached roughly $610 million between January and July 2021, while imports from the UAE to Israel totaled $400 million.

Investments in Israeli cyber have so far reached $6 billion, Prime Minister Naftali Bennett says. Israel has recently been named as one of the strongest cyber powers in the world by the International Institute for Strategic Studies.

Elbit Systems Emirates "will seek to foster a long-term cooperation with the United Arab Emirates Armed Forces." Abraham Accords "provide a sound basis for business collaborations in the region," an Elbit official says.

Survey by e-commerce giant reveals that over 20,000 Israeli businesses began exporting goods through its platform.

"The Dubai Airshow provides IAI with the opportunity to come together with the UAE, the Gulf countries more broadly, and other global companies to share its innovative world-class solutions and develop new collaborations," defense contractor says.

IAI, Korea Aerospace Industries ink deal on a new program involving loitering munitions. The expanded cooperation between the two space-related entities will offer the South Korean military new technologies.

El Al in 2018 had sought to buy Israir, another small Israeli carrier that flies to the southern resort of Eilat and a host of European cities, but Israel's competition regulator would not allow the merger.

Israeli jeweler Avi Tavisal, who was invited to create a collection for the historic show, produces the AlSakhra line, inspired by Muhammad's famous Night Journey and the Dome of the Rock.

Facebook first unveiled cryptocurrency project "Novi" in June 2019, as part of an effort to expand into e-commerce and global payments, but US lawmakers warn the social media giant's plans "are incompatible with the actual financial regulatory landscape."