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Canada Free Press: Israel’s economy – an island of stability

Published on Jul 29 2016 // Business and Financial News, Economy, Market, Opinion

July 28, 2016 – According to a study conducted by the University of Lausanne, Israel is one of the top five world high-tech powers, as indicated by a 2015 $1bn investment, in Israel, by Apple, creating a hardware development center. The USA, China, Russia and India are, actively, soliciting high-tech cooperation with Israel. India and Israel negotiate a free trade zone, which would increase their current $5bn trade balance. Israel is second only to Russia in the exportation of military systems to India (Jerusalem Post, July 24, 2016).

$245mn raised by Israeli companies in July, 2016; $2.9bn raised, so far, in 2016 ($1.7bn in the 2nd quarter and$1.1bn in the 1st quarter). For example, SafeBreach (cyber) raised $15mn from HP, Deutsche Telecomm, etc.; Prospera (agricultural tech) raised $7mn from the Silicon Valley-headquartered Bessemer Venture Partners; PowerLinx (business matching) raised $7mn from Dun & Bradstreet, France; and Engie (car maintenance) raised $3.5mn from the San Francisco-based 8Partners, the San Francisco Peninsula-based Motus Ventures. (Globes Business Daily, July 27, 2016), etc………Read More >>

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