The largest acquisition in the Israeli robotics field was announced. Mazor Robotics, a Caesarea based company founded in 2001, was sold for $1.64 billion dollars to Medtronic plc, a medical technology company which sits in Dublin, Ireland. Mazor Robotics is known for their highly advanced medical devices to assist in spinal procedures. The relationship between…
The Japanese Israeli relationship is kicking into new gear, as the Japanese External Trade Organization, or JETRO, is dedicating one of its dozen international startup hubs to support Israeli entrepreneurs aiming to grow within the Japanese ecosystem. The Global Acceleration Hub, centered in Tel Aviv, will be a business center of sorts, providing free temporary…
While global warming is known to be destroying the lives of coral reefs around the world, the Red Sea is the one place where the hot climate is creating a thriving environment for the underwater garden. A surviving species of coral reef grew naturally in the Bab-el Mandeb straight, which runs between Yemen and Ethiopia,…
PepsiCo digested the Israeli powerhouse company of Soda Stream days ago for a whopping $3.2 billion dollars. This means that the company which once helped boost the Tel Aviv Stock Exchange (TASE) will leave the dual market and be placed with PepsiCo at the New York Stock Exchange. A recent announcement from CEO Itai Ben…
Global tourists contribute over 20 billion New Israeli Shekels to the Israeli tourism industry, and visitors have increased about 25% from 2016 to 2017 alone. Last year brought in 3.6 million tourists, and 2018 is predicted to expect the same if not more. With such an influx of people must come a more supportive infrastructure.…
