18 February 2019 - 13 Adar I 5779 - י"ג אדר א' ה' אלפים תשע"ט
IDE officially launches new Innovation Center, Diamond Tech E-mail

During the 7th International Diamond Week (IDWI), held from 5 to 7 February, the Israel Diamond Exchange (IDE) officially launched its new Innovation Center, Diamond Tech. The technological incubator, located within the IDE complex, will host and support diamond-related startups in a variety of fields.

Through this initiative, IDE will promote new technologies that will bring added value to the diamond industry, as well as to other sectors. CARATS.IO, the diamond-based crypto-currency, is the first company to move into the incubator. Among the startups being considered are projects dealing with robotics, lasers and other advanced technologies for diamond manufacturing, virtual reality for innovative marketing platforms and more.

At the dedication ceremony, IDE President Yoram Dvash said: “This is something one can only dream about and we have been able to make it a reality. We are marrying the expertise and experience of the Israeli Diamond Industry with the originality and creativity of the Start-Up Nation. I believe that if the diamond industry wants to take off, this is the runway.”

Please login or register to see the full article
ISA approves dual-listing of companies on Singapore, HK, Toronto stock exchanges E-mail

The Israel Securities Authority (ISA) officially approved a bill in January to allow companies traded on the Singapore, Hong Kong and Toronto Stock Exchanges to dual-list on the Tel Aviv Stock Exchange (TASE).

The bill, put forward by the Chairman of the ISA, Shmuel Hauser, aims to expand duallisting to the stock exchanges of Hong Kong, Singapore and Toronto. The authority has enabled dual-listing on the London and New York Exchanges since 2000, allowing companies listed on these exchanges to also trade on TASE.

Hauser first announced his intention to expand the recognised dual-listing in May 2017. About 60 companies listed on the TASE today are also listed on London or New York, the authority said in a statement, adding that in recent years, dual-listed companies have made up 40%-60% of the Israeli exchange’s market capitalisation value. In a statement, the authority said that there is a growing interest among Israeli companies in listing on Asian exchanges, which are considered attractive markets for raising capital.

Please login or register to see the full article
Marubeni Corporation looking for expansion E-mail

As reported by Japan Times in January, Japanese trading house Marubeni Corporation is planning to establish an office in Israel, where cutting-edge technologies and information technology companies have gathered, according to Fumiya Kokubu, the company’s president.

Through the move, Marubeni aims to respond to the rapid advances of digital technologies, such as artificial intelligence, big data and “the internet of things”.

“We would like to establish a base from the perspective of new technology and new business models,” said Kokubu in a recent interview with Japan Times. The trading house has yet to decide on details, including when to open the office.

Also in Silicon Valley and China, the company will consider strengthening the functions of its existing offices and taking other measures to cope with changes in the business environment. In the spring of 2017, the company set up a cross-section strategy department on internet-of-things technology and big data.

Please login or register to see the full article
Japan’s Daiso stores to enter Israel E-mail

Japanese retail chain Daiso has announced it will open the first of two stores in Israel this summer. Union Group, the franchise holder for H&M and COS in Israel, which is the official importer for Japanese cars Toyota and Lexus, will operate the stores.

Daiso, founded in 1977, is a chain of stores using the model of “every item for a dollar”. In Israel, it will compete with chains such as Max Stock and Hastock, due to its combination of large stores and cheap products.

The chain is expected to market up to 100,000 products at a fixed low price, including design and accessories products for different areas of the home. Most of the products to be offered in the stores are made exclusively for the Japanese chain’s private label.

Please login or register to see the full article
NTT Docomo Ventures invests in Otonomo E-mail

Japan’s NTT Docomo Ventures Inc recently announced a US$3 million investment in Otonomo, an Israeli developer of personal car data systems, which provides a cloud-based platform.

NTT Group says Otonomo complements its connected car platform business and vehicle data service development, and thus it is expected to contribute to future business creation. Based in Herzliya and California in the US, the Israeli company is developing a connected car ecosystem to share and integrate vehicle data.

Ultimately, Otonomo will sell that data to insurance companies, retailers, car manufacturers, municipalities, etc. Founded in 2015, the company raised US$25 million last year, and with the latest investment has raised US$41 million to date.

Please login or register to see the full article
<< Start < Prev 11 12 13 14 15 16 17 18 19 20 Next > End >>

Warning: Parameter 1 to modMainMenuHelper::buildXML() expected to be a reference, value given in /home/joomla789/domains/jewishtimesasia.org/public_html/libraries/joomla/cache/handler/callback.php on line 99
Jewish Times Asia is published by Jewish Times Asia Ltd. © Copyright 2019.
Material in the newspaper or on this site may not be used or reproduced in any form or in any way without permission from the editor.
While every effort has been made to ensure the content is true and accurate, the publisher is not responsible for any errors or omissions in the printed text.