JTA NEWS
2 April 2015 - 13 Nisan 5775 - י"ג ניסן ה' אלפים תשע"ה
JTA NEWS :
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Moshe Safdie launching ‘Project Jewel’ in Singapore E-mail

Renowned Israeli architect Moshe Safdie is working on a new project in Singapore, the bio-dome at Singapore’s Changi Airport.

A cascading circular waterfall is one of the rich features in the bio-dome extension. Dubbed ‘Project Jewel’, the complex will house five stories of high-end retailers, adorned by a lush indoor garden and a waterfall on the top floor.

The donut-shaped glass and steel structure will be connected to the Changi Airport’s three terminals through glass walkways. The project is expected cost around 1.5 billion Singapore dollars when completed.

Safdie is well known in Singapore and the world for fusing together the realms of nature and architecture in his 85 projects spread over 5 continents. At the Canada World Fair in 1967, Safdie broke ground with his Habitat 67 project, which was also his master’s thesis, reinventing the apartment building to make each unit feel like a separate home.

Safdie has also constructed the Holocaust Memorial Museum, Yad VeShem, in Israel, the United Institute of Peace in Washington D.C., and the Skirball Cultural Center in Los Angeles.

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Foreign Direct Investment in Israel still attractive according to report E-mail

The Israeli economy is still one of the world’s most attractive targets for foreign direct investment (FDI), according to the annual Organisation for Economic Co-operation and Development (OECD) report.

Foreign direct investment refers to investments in companies and production outside the realm of the stock market. Whenever a foreign company buys an Israeli start-up, it is counted as FDI.

According to the latest report, Israel is in fourth place in the world as a target for foreign investment in proportion to GDP. With FDI totaling 4% of GDP in 2013, behind Luxembourg, Ireland and Chile.

Israel’s ratio of FDI to GDP was significantly higher than the OECD aggregate ratio of 1.4%, the euro bloc’s aggregate ratio of 1.4%, and the 20 most important countries’ aggregate ratio of 1.6%. Furthermore, Israel’s ratio of incoming FDI was higher than the aggregate ratio for emerging markets, including the aggregate ratio for the BRICs countries (Brazil, Russia, India, and China), which attracted most of the FDI over the past decade.

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Catalyst Cel Fund acquires a controlling stake in Lamina Technologies E-mail

Catalyst CEL Fund and Lamina Technologies announced on 21 August that they have entered into a series of definitive agreements. Under which the fund will invest approximately US$42 million in Lamina, consisting of US$10 million of new capital to fuel global expansion and up to US$32 million to be distributed to Lamina’s existing shareholders.

Through this transaction, Catalyst CEL will have a controlling stake in Lamina in partnership with Lamina’s current management team, led by Peleg and Yuval Amir, who cofounded the Company in 2001.

The Amir brothers will remain in their leadership position, and will collectively be the second largest group of shareholders in Lamina. The Chairman of the Company is Luc Muller, CEO of the Otto Group, which was the founding seed financier of Lamina Technologies. Additional financial terms of the transaction were not disclosed.

Lamina Technologies is a Swiss manufacturer of state-ofthe-art, precision carbide metal cutting tools, specialising in milling and turning inserts made of sub-micron grades and PVD coatings.

End users of the company’s products include metalworking and machinery manufacturers and suppliers across a diverse array of industries, including the general engineering, aerospace, defense, automotive, transportation, die & mold, machine tool, light machinery, heavy machinery and other sectors.

The company is headquartered in Yverdon-les-Bains, Switzerland, enjoys diversified global sales and has offices in Europe, the Pacific Rim, China, Japan and North America.

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Shield Square to compete at Start Tel Aviv E-mail

Israel’s Embassy in India in partnership with TIE DelhiNCR recently organised the Start Tel Aviv – India Finals, to find the Indian entry for the event that will take place in Israel in September.

The event was a huge success in India, receiving more than 70 entries from all over the country. The jury included Jaspreet Bindra, CEO, Getit. com; Dev Khare, Venture Investor at Lightspeed Ventures and Kunal Bajaj, Serial Entrepreneur and Tech Evangelist. The winner was Pawan Thatha, Co-Founder & CEO of Shield Square from Bangalore. Thatha will travel to Tel Aviv in September to participate in Start Tel Aviv during the DLD Festival week. Participants will have the opportunity to meet the smartest and the most innovative companies, techies, startups, designers, artists, scientists, investors, and cultural drivers from Israel and abroad.

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RISCO to protect ATMs in China Print E-mail

The Israeli technology security firm RISCO will protect thousands of Automatic teller Machines (ATMs) in China, according to a Times of Israel report.

In a deal signed between the company and Chinese banks, Chinese ATMs will be equipped with sensors to alert security personnel if someone is trying to steal money.

RISCO’s security sensors were recently used in the World Cup in Brazil, providing protection against unauthorised entries and counterfeit tickets. RISCO Group is a security company founded three decades ago.

(Issue September 2014)

 

 
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