JTA NEWS
19 February 2019 - 14 Adar I 5779 - י"ד אדר א' ה' אלפים תשע"ט
JTA NEWS :
Business
Strong interest expected for Hong Kong Jewellery & Gem Fair E-mail

The Israel Diamond Pavilion at this month’s Hong Kong Jewellery & Gem Fair, organised by the Israel Diamond Institute (IDI), will feature an auction of special stones offered by exhibitors.

The goods up for auction will be on view, bids may be placed during the first few days of the Fair, and progress on the bidding will be shown on screens located within the pavilion.

To ensure a high level of interest, IDI will award several free trips to Israel to buyers participating in the auction. The trips will be timed to coincide with International Diamond Week in Israel at the end of January 2019.

The Fair will take place from 12 to 16 September at AsiaWorld-Expo, and from 14 to 18 September at the Hong Kong Convention and Exhibition Centre.

The Israel Diamond Pavilion, in Hall 9 of AsiaWorld-Expo, will be one of the largest at the Fair. Encompassing 978 square metres, it will feature 66 Israeli diamond companies. There will also be 13 additional Israeli companies exhibiting at different locations throughout the show.

The IDI Lounge at the heart of the pavilion will feature a 360-degree bar outfitted with three “Get Diamonds Show” search terminals and a charging station for smartphones and other devices. Get Diamonds Show is a search platform innovated by IDI that enables buyers to search a database of all goods offered by Israeli exhibitors at the show. Accessible on smartphones and featuring both a Chinese and an English version, the search platform has proven to be popular with buyers at previous Fairs.

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Aeronautics wins a contract with Thai Ministry of Defense E-mail

Israel-based Aeronautics Ltd. reported on 30 July that it will supply Dominator unmanned aerial vehicles (UAVs) to the Thai Ministry of Defense. The value of the deal, which includes UAVs, land equipment and accompanying services, is US$27 million over three years. Payment will be according to the milestones set in the agreement.

The Dominator, developed by Aeronautics on the basis of a manned aircraft converted by the company into a UAV, can carry up to 1,900 kilograms in special payloads (such as a camera, radar or bomb) simultaneously, and can stay airborne for 20 hours.

Aeronautics said the Thai Ministry of Defense was one of its veteran customers and that the Thai army had been using the company’s UAVs for the past decade.

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Israel issues statistics on overseas work visas E-mail

At the end of 2017, Israel had about 100,000 foreign workers with valid work visas, according to a statement from the Israeli Central Bureau of Statistics on 30 July.

The holders of work visas who entered Israel in 2017 were from about 100 different countries, with 61% of them from Asian countries and 35% from Europe.

Most of the workers from Turkey, China and Thailand were employed in construction and agriculture. By contrast, most of those from Nepal and the Philippines were employed in nursing.

In addition, about 67,000 workers came as tourists and stayed to work illegally in Israel.

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Israel incubator partners with South Korean venture capital firms E-mail

OurCrowd Labs/02, a leading Israel-based seed-stage incubator focused on deep-tech innovation, has signed collaboration agreements with two of South Korea’s leading venture capital firms, DTNI and Yozma Group Korea.

The agreements, facilitated by the Korea-Israel Industrial R&D Foundation (KORILRDF), are aimed at strengthening bilateral strategic collaboration and investments, and promoting partnerships between companies in the two countries. The areas of collaboration specifically identified focus on rapidly growing deep-tech startups.

Moshe Raines, CEO of OurCrowd Labs/02, said: “The collaboration between OurCrowd Labs/02, DTNI and Yozma Korea, seeks to establish ‘landing pads’ in Israel and South Korea, with the intention of providing startups from both countries the network to establish themselves, connect with the local startups and innovation ecosystems, and forge meaningful collaborations.”

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Chinese bike-sharing company Ofo closes Israel operations E-mail

Chinese bicycle-sharing company Ofo has decided to leave the Israeli market after conducting a few pilot schemes in universities in Israel over the past year.

Initially, after a successful pilot scheme at Bar-Ilan University in Tel Aviv, Ofo opened a representative office in Israel, and appointed Imri Galai as general manager of the Israeli branch earlier this year. Ofo’s launch at Bar Ilan University received great support from the student union, teachers and students, and Ofo placed 100 bikes at 19 parking sites around the campus. There was also enormous interest in Herzliya after the launch of the mobile app.

The app enables a user to pick up and leave a bicycle at any point by scanning a QR code for unlocking and locking it. The user then returns the bicycle by locking it and reporting via the app that the bicycle is no longer in use. The app can also be used to monitor the use of the bicycles, the routes travelled, and more.

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