Ambassador (ret.) Yoram Ettinger,
“Second Thought: a US-Israel Initiative”
Straight from the Jerusalem Boardroom #196, July 25, 2014
1. $1.6bn was raised by Israeli high tech companies during the first half of 2014, 81% higher than the first half of 2013. Israeli high tech companies raised $930mn during 2014’s 2nd quarter – the highest total since 2000, 30% higher than the 1st quarter and 109% higher than 2013’s 2nd quarter (Globes Business Daily, July 16, 2014).
2. Israel’s new investment Angels’ Law – introduced by the Minister of Economy, Naftali Bennett – is the world’s most daring, including a 100% deduction for tax purposes during the first year (Globes, July 17). The $86bn Los Angeles-headquartered Oaktree Capital Management acquired the Israel operations of France’s Veolia Environment for $341mn (Bloomberg, July 10). The $36bn San Diego-based Qualcomm acquired Israel’s Wilocity for $300mn, made its 5thIsraeli acquisition following DesignArt ($130mn), iSkoot ($75mn), CSR’s camera division ($45mn) and EPOS for $30mn Globes, July 4).
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