CTech's Monday Roundup of Israeli Tech News
Snap, NSO to take part in Calcalist’s Mind the Tech Conference in Tel Aviv; The Israeli economy's greatest growth generator is also its biggest enemy
Mind The tech | Snap, NSO to take part in Calcalist’s Mind the Tech Conference in Tel Aviv. Data, artificial intelligence, and the rising stars of tech and innovation will meet on the same stage at Calcalist’s Mind the Tech Conference. Read more
The Israeli economy's greatest growth generator is also its biggest enemy. The biggest boost to Israel’s economy in 2019 came from new car purchases, but these are also the main inhibitors of economic growth, due to the loss of work hours caused by traffic jams. Read more
Udi Levy (left) Einat Guez, and Sagi Dagan
On target | Legal tech: do AI lawyers dream of digital contracts? Artificial intelligence technology is promising to revolutionize the legal profession, but it might also cost some lawyers their jobs. Read more
Israel is lagging behind on climate legislation, report says. A new report by Israeli advocacy group the Israel Union for Environmental Defense names Israel among the only four OECD member countries that have no relevant legislation. Read more
Wages predict career advancement expectations, new data shows. Almost 30% of Israelis who make over $4,000 a month consider promotion possible, while only 11% of those who earn less than $1,700 do. Read more
Teva’s Israeli plant receives FDA stamp of approval for migraine drug manufacturing. The Israeli drugmaker’s manufacturing facility in Kfar Saba, already experienced with manufacturing cash cow Copaxone, will oversee the process of filling the syringes with the biological drug and also conduct quality control tests. Read more
Matomy signs seal to offload debt-causing subsidiary. The Israel-based digital marketing company will sell Team Internet to London-listed Centralnic Group for almost $60 million. Read more
Satellite operator Spacecom's AMOS-17 reaches orbit point. AMOS-17 was launched in August from the Cape Canaveral Air Force Station in Florida on the back of a SpaceX Falcon 9 rocket. Read more
