The Shanghai Diamond Exchange has agreed with the Israel Diamond Exchange to transfer the processing of large stones to Israel; 15 Israeli startups covered several high-tech areas at Innovate Israel 2018 in the UK; Up to 100,000 passengers are estimated to pass through Tel Aviv’s Ben Gurion airport during the busiest days of July and August, and much more!
By: Michael Ordman
ECONOMY & BUSINESS
Cutting Chinese diamonds
The Shanghai Diamond Exchange has agreed with the Israel Diamond Exchange to transfer the processing of large stones to Israel. Many Chinese diamond processing companies may transfer some of their processing to Israel and some Chinese diamond cutters will relocate to central Israel.
15 Israel startups pitch to 200 UK corporates
I previewed (24th Jun) Innovate Israel 2018, hosted by UK Israel Business (UKIB) on 3rd July. The 15 Israeli startups covered the areas of artificial intelligence (AI), vison enhancement, drones, big data, cybersecurity, marketing technologies and nanosatellites.
100,000 passengers a day
Up to 100,000 passengers are estimated to pass through Tel Aviv’s Ben Gurion airport during the busiest days of July and August, according to Israel’s Ministry of Transportation. The expected total of 5.3 million summer passengers represents a 15% increase on the same period last year.
Easier US-Israel travel for new business investors
The US and Israel have agreed mutual visa arrangements for potential investors to visit each other’s country. The US E-2 Investor visa and the Israeli B-5 equivalent are to be launched imminently.
Where submarine technology is going
I reported previously (May 2017) on Israeli startup Tevva Motors and its UK-based electric trucks that use Israeli submarine technology. Auto component giant Bharat Forge has just invested $13 million in the company, aiming to bring the concept to India.
Round three of Barclays accelerator program
I reported previously (Oct 2015) about multinational bank Barclays and its financial startup accelerator. Barclays has just initiated the 3rd cycle of its RISE program, now mentoring 10 startups from Israel and overseas.
Audi to use Israeli autonomous simulator
I reported previously (29th Oct) that Israel’s Cognata had built a 3D Artificial Intelligent (AI) simulation platform to test autonomous cars. Now German car maker Audi AG is partnering with Cognata to integrate the simulator at all stages of development and production of its vehicles.
Hyundai connects with Autotalks
Korea’s Hyundai Motor and Israel’s Autotalks (see here) are partnering to develop the next generation V2X chipset for connected cars. V2X (Vehicle to external systems) technology improves vehicle and road safety, mobility and is vital for autonomous driving.
Baidu links up with Mobileye
Chinese tech giant Baidu is adding Mobileye as a technology provider to its Apollo autonomous driving platform. Mobileye’s Israeli-developed Responsibility Sensitive Safety model – a set of rules for how cars minimize the chance of an accident – will be integrated into Apollo.
Mindspace expands to Romania
I reported previously (21st May) that Israeli co-working real estate company Mindspace had opened business in a sixth country (the Netherlands). It didn’t take long for Mindspace to move into a seventh country – it has just leased 3 offices in Bucharest, Romania.
Mortgage decision-making for U.S. Bank
The fifth largest commercial bank in the US – U.S. Bank – has selected DECISION Manager from Israel’s Sapiens International to help service its mortgage customers. U.S. Bancorp has 74,000 employees and will use DECISION within its Home Mortgage group.
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