Business & Finance

In 2018, UN agencies purchased $66 million worth of Israeli goods and services in the field of security, water desalination, and medicine.

The partnerships with Israel’s state-owned Rafael Advanced Defense Systems and Elta Systems, a subsidiary of Israel Aerospace Industries, give the Israeli companies access to US military tenders.

Acquisition is expected to be completed later this year. Herzliya and Santa Clara-based Elastifile will join Google Cloud upon finalization of the acquisition. “We’re excited to join Google for the next part of our journey," says Elastifile CEO Erwan Menard.

Leading business analysis firm IVC–Meitar says 66 exit deals, which include initial public offerings, mergers, acquisitions, and buyouts, set a five-year record. Report finds 23 deals were made in amounts ranging from $100 million to $1 billion.

Israeli retailers are hoping to see Amazon Israel up and running by Prime Day in mid-July, but it is more likely that the new site will launch in August, ahead of the new school year and High Holidays.

Between 2009 and 2018, 436 Israeli companies were founded and maintained offices across New York state. Five Israeli startup companies whose valuations exceed $1 billion are considered New York born and bred.

Samaria Regional Council head Yossi Dagan, "Entrepreneurship is in Samaria's DNA." Nearly 2,000 small and medium-sized businesses, many in the tourism industry, operate in Judea and Samaria.

American multinational computer technology corporation plans to lay off dozens of employees working for cloud computing solutions maker Ravello. Move follows Oracle's decision to close its Tel Aviv-based accelerator after two years. Layoffs are part of a cross-organizational move, Oracle is expected to fire 10% of its employees worldwide.

"Ignite" project aims to assist Israeli companies develop technologies in artificial intelligence and autonomous systems. Intel is one of the biggest employers and exporters in Israel, where many of its new technologies are developed, and plans to invest $11 billion in 2019 to expand its manufacturing operations in the Jewish state.