5 November 2019 - 7 Heshvan 5780 - ז' חשון ה' אלפים תש"פ
Strong turnout for GoforIsrael conference in China E-mail

Firms in the fields of biotech, water tech, environmental tech, IT, and energy headed to the Chinese city of Jinan for the annual GoforIsrael conference in May. It was organised by the Cukierman & Co Investment House (a leading Israeli investment company), and the Catalyst CEL Fund (a private Israeli equity firm).

Organisers claim that 108 Israeli companies participated in the event, including pharmaceutical company Raziel Therapeutics, cervical cancer-detecting sensor firm MobileODT, green pest control company Biofeed, and 3D printing company Xjet.

GoforIsrael (previously known as GoforEurope) has been one of the most influential business conferences held between Israel and China annually. The Conference addresses current issues in fundraising, and establishes strategic alliances globally between Israeli companies, businesses, and financial institutions. Around 1,400 participants, over 1000 Chinese investors and around 100 of the most innovative Israeli technology companies, gathered for the occasion.

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Israel Diamond Pavilion at Hong Kong Jewellery & Gem Fair E-mail

The Israel Diamond Pavilion hosted 30 companies this year at the June Hong Kong Jewellery & Gem Fair, which recently took place from 20 – 23 June at the Hong Kong Convention & Exhibition Centre.

The pavilion, which is organised by the Israel Diamond Institute (IDI), was located in the diamond area in Hall 3BC. As in previous years, it included a spacious loungethis time a renovated, modern designwith refreshments served throughout the day. Convenient “Get Diamonds” terminals enable buyers to search a computerised database in both English and Chinese of all goods offered by Israeli exhibitors at the show. Buyers are also able to access the Get Diamonds Show system on their smartphones.

Asia is Israel’s second largest market for polished diamonds, representing about 30% of total polished diamond exports, with the greatest share going to Hong Kong. Israel is also an important supplier of pol ished diamonds to China, India, Thailand, Singapore, Taiwan, Japan and other Asian markets.

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India looking to acquire SPICE bombs E-mail

According to local media, the Indian Air Force is looking to acquire an advanced version of the SPICE-2000 bombs from Israel to strengthen its arsenal.

SPICE stands for ‘smart, precise-impact and cost-effective’ and is manufactured by the Israeli defence technology company Rafael Advanced Defense Systems.

“The Air Force is looking to buy an advanced version of the SPICE-2000 bombs which can destroy bunkers,” sources told India Today TV.

The bombs acquired would be able to destroy buildings using the explosive warhead. The earlier version was capable of penetrating and then bursting inside buildings. The penetration warheads, SPICE-2000s, were used by the Indian Air Force in Balakot airstrikes, during which Jaish-e-Mohammed’s (JeM) terrorists hiding inside the building were killed.

The bombs created holes and then entered the terrorists hideout where intelligence agencies had estimated that close to 300 Jaish cadres were hiding one day before the airstrike, which took place in the early hours of 26 February. The airstrikes in Pakistan’s Balakot were conducted days after JeM carried out a terror attack in Jammu and Kashmir’s Pulwama.

The Indian Air Force is also planning to equip the fleet of its Sukhoi 30 fighter aircraft with the SPICE-2000 bombs to give them more teeth during aerial conflicts with enemy forces.

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Israel receives three bidders for huge desalination plant E-mail

As reported by Reuters, Israel has received bids from three groups interested in building and operating a desalination plant that will supply more than a fifth of the country’s household water, and help battle shortages that could arise from climate change.

Israel issued the tender last November when it said five years of low rainfall had overtaxed its system. The head of Israel’s water authority said the addition will help ensure Israel’s “ability to supply water in light of climate changes that are impacting our region.”

The facility will produce about 200 million cubic metres of water a year in the area of Sorek, central Israel. IDE Technologies currently operates a desalination plant in the area. Once online, 85% of total household and municipal water will come from desalination.

The plant will be the biggest in the world to use reverse osmosis technology, Israel’s Finance Ministry said on 16 May, and will join an unrivaled array of five desalination plants that already dot the country’s Mediterranean coast. Bids were received from Israel’s IDE Technology, Hutchison Water, whose main investor is Hong Kong’s CK Hutchison Holdings, and a partnership of Afcon, Acciona and Allied Investments.

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IsCham opens a Tel-Aviv Office E-mail

Israel Chamber of Commerce in China (IsCham), a nonprofit organisation launched in 2008 in Beijing to promote trade relations between China and Israel, has established an office in Israel.

Ariel Briskin, the General Manager of IsCham, spoke at the inauguration ceremony in Tel-Aviv in April. The two countries had established diplomatic and trade relations 25 years ago, including mutual investments, infrastructure projects, and export and import agreements.

However, the relationship holds greater potential, he said.

“The opening of the TelAviv office represents a new dawn for the relationship between China and Israel,” Nechemia Peres claimed at the event, a co-founding partner at Israel-based venture capital firm Pitango Venture Capital.

His father, the late Israeli President Shimon Peres, launched IsCham over a decade ago in an effort to nurture the academic and commercial collaborations between the countries, Peres said.

“Israelis tend to think of the US as the main market for growth,” said Tal Badt, former director of business development for startup incubator X-Lab, operated by Tsinghua University in Beijing.

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