Born in Israel and resident of the U.K., Teddy Sagi has been an integral facet of recent rounds of funding in Israel. Chiefly, Sagi invested $3 million in SmartGreen Ltd., which was announced by Sagi’s business group. He’s something of a British business magnate. His mobile ad firm, Glispa Global Group, generates considerable revenue, as does his online gambling game developer, Playtech PLC.
The world’s affluent elite have, for all intents and purposes, been ravaged by a Bermudan law firm’s release of the so-called Paradise Papers. The international scandal cast a brilliant light on the dark recesses of the global economy: tax havens shielding billions upon billions of dollars from the tax codes of various countries.
The Israeli tourism industry continues to smash old records well into 2017. In the first 10 months of this year approximately 3.2 million visitors came to Israel. This represents a 27% increase from the same period in 2016.
Yissum Research Development Company has brought a great deal of attention to Hebrew University of Jerusalem in the past week with their introduction of new technology capable of 3D-printing customized food. The personalization of printed food relies on nano-cellulose, which is a naturally occurring, calorie-free fiber. It is arguably the most intriguing aspect of this already attractive prospect.
This year’s third quarter marks an impeccable period for fundraising deals in the Israeli tech industry. The sector raised $1.44 billion, which represents a 54 percent increase from the same quarter last year according to the latest report from the Tel Aviv law firm, Zysman Aharoni Gayer & Co., and IVC Research Center. Software companies accounted for a fourth of total market capital, which is actually a considerable decline from the two-year average of 35 percent albeit still significant.
Tourism is one of the largest industries around the world and for just about any country it’s essential to their very survival. For Israel, this is actually becoming even more important and it’s actually becoming even more profitable as well. In fact, in the last three months the country hit an all-time high in the amount of people who visited as a tourist in the region.
For many countries, research into the potential medicinal effects of marijuana is relatively new, but for others, like Israel, the research has been ongoing for decades. In fact, Israel seized 10 pounds of the drug all the way back in the 1960’s and has been researching its psychoactive ingredients and medicinal properties ever since.
Israeli Prime Minister, Benjamin Netanyahu, is set to embark on an historic visit with some of the more moderate majority Muslim countries. This is an effort to reach out to Muslim nations so as to foster diplomacy and, perhaps, even open up some further avenues for trade. While visiting, Netanyahu also plans to meet with important figures within the Jewish communities of these respective nations.
The election of Donald Trump as president of the United States has caused a number of countries to reevaluate the relationship that they have with the country and the agreements which they operate under. One of those countries is Israel and its own people aren’t the only ones concerned about some of the actions that have recently occurred regarding the president elect.