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Globes: Orbotech signs biggest ever Chinese deal

December 5, 2016, 16:39 – The Israeli inspection solutions company has signed a $61 million deal with BOE Technology for very large TV screens. Electronic device inspection system company Orbotech Ltd. (Nasdaq: ORBK) reported today that BOE Technology, a leading Chinese manufacturer of flat panel...

Globes: Mobileye, Delphi, Intel team on cars

November 29, 2016  – The Israeli sensor company and the UK car parts company will develop self-driving systems using Intel’s chips. Israeli collision avoidance sensor developer Mobileye (NYSE: MBLY), has teamed with auto parts maker Delphi Automotive Plc and Intel in self-driving cars to...

Globes: Delta Galil profit up 31% to $18m

Published on Nov 17 2016 // Business and Financial News
Novemebr 17, 2016, 10:40 – Defense company Elbit Systems’ orders backlog rose 6% year-on-year. Israeli defense company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) reported its third quarter results this morning.Revenue in the third quarter of 2016 totaled $780.8 million, which compares...

Globes: Marius Nacht founds $100m life sciences fund

November 15, 2016, 15:44 – “I’m wishing for the creation of another Teva or another Check Point in healthcare.” Marius Nacht, one of the three cofounders of Check Point Software Technologies Ltd. (Nasdaq: CHKP) and the company’s chairman in the past few years, is founding an...

Business Recorder: FITCH RAISES ISRAEL’S CREDIT RATING TO ‘A+’, ‘OUTLOOK STABLE’

Published on Nov 14 2016 // Business and Financial News, Economy
November 11, 2016 – JERUSALEM: Fitch Ratings said on Friday it had raised its sovereign credit rating for Israel to “A+” from “A”, citing an improved fiscal picture. Fitch said its outlook for Israel was “stable”. The move brings Fitch into line with Standard...

Times of Israel: Airline group seeks Israeli tech to improve travel

October 31, 2016, 12:45pm – British Airways’s parent company, IAG, searching for sabra startups to join accelerator program for aviation industry. Sometimes taking a flight can be a torment and arriving at a gate a real odyssey. Many flight companies are investing significant amounts of money...

NoCamels: Israeli Startups Raise Nearly $1B In Third Quarter Of 2016

Published on Oct 28 2016 // Business and Financial News
October 27, 2016 – Israeli high-tech and startup companies raised $982 million in the third quarter of 2016, in line with the $1 billion quarterly average raised in the past three years, according to a report by Israeli research firm IVC Research Center and accounting firm KPMG Somekh Chaikin....

Jewish Business News: Israel’s Pluristem Brings In $30 Million Investment From Chinese –Stocks Soar

Published on Oct 27 2016 // Business and Financial News
October 26, 2016 – Pluristem, an Israeli biotech startup, has sold a 17% stake in the company to the Chinese firm Innovative Medical. The company’s stock soared 8% in trading on the NASDAQ on Tuesday in response to the news. Under the deal, Innovative will acquire 16,890,000 shares of Pluristem...

NoCamels | World Economic Forum: Israel Is 2nd Most Innovative Country In The World

Published on Oct 24 2016 // Business and Financial News
October 24, 2016 – Israel is the second most innovative nation in the world, according to the World Economic Forum’s Global Competitiveness Report 2016-2017, which ranks countries’ competitiveness based on 12 categories, including innovation, technological readiness, business sophistication...

Globes: “Chinese investment in Israeli tech is just beginning”

Published on Oct 18 2016 // Business and Financial News
October 18, 2016, 16:11  – China Galaxy Investment Management president Wang Xuejun seeks to expand Israeli-Chinese cooperation. A Chinese delegation organized by SIMBA (a partnership between Shirat Enterprises, IVC Research Center and Chinese-based private equity fund Mingda Group), which assists...