CTech’s Daily Israeli Tech News Roundup
Israeli exports were up 5% in 2017. Another SoftBank-Israel connection. Israel’s state-run oil pipeline company, once co-owned by Iran, will remain classified
Top secret. Israel’s state-run oil pipeline company, founded in partnership with Iran 50 years ago, will continue to be shrouded in secrecy after its reorganization is completed next year, the Israeli parliament’s Foreign Affairs and Defense Committee decided Monday. Publishing classified information about the company is punishable by a prison sentence of 15 years to life. Read more
Israeli exports were up 5% in 2017. Israeli export is expected to pass $100 billion for the first time this year. Troubled pharma company Teva was Israel’s largest exporter in 2017, according to preliminary data from the Ministry of Economy and the Israel Export Institute, which was reviewed by Calcalist. Read more
Another SoftBank-Israel connection. The Japanese telecom company is launching an Internet-of-Things collaboration with Vayyar Imaging, an Israel-based sensor developer. Read more
New cybersecurity chief. Israeli Prime Minister nominated Yigal Unna, who headed the technology division of Israel’s internal security agency, for the country’s top cyber post. Read more
Forecasting how Israeli capital markets will fare 2018. Steven Schoenfeld writes that he is expecting a renaissance for capital markets as more and more Israeli companies are tapping global markets, and investors are finally comprehensively viewing Israeli equities, scrapping the artificial distinction between companies listed in Tel Aviv and those listed abroad. Read more
