Nestle has decided to acquire the remaining stake of 36.3% in Osem and take the Israeli food company fully private. An offer of $840 million has been made to buy out the shares, and a shareholder meeting has been scheduled in March which should reveal the final decision arrived at by the company.
Tags: Israel
New Venture Capital Fund Takes $5M Investment toward Haredi Startups
An ultra-Orthodox Israeli start-up incubator organization – KamaTech, launched a venture capital fund focused exclusively to entrepreneurs and start-ups from the haredi community in a seasonally appropriate setting – a succa – a temporary hut as a symbolic shelter commemorating the time when the Israelites lived in the wilderness after they were freed from slavery in Egypt.
Accel Announced New $500 Million Fund Targeting European and Israeli Startups
Palo Alto-based venture firm Accel has raised a new fund. The fund is targeting the next generation of entrepreneurs in Europe and Israel.
U.S. Firms are Attracted to Invest in Israeli Cannabis R&D
Firms in United States are looking into Israeli cannabis research and development. Israel, the pioneer in high tech agriculture is now leading the medical marijuana R&D.
Chinese Venture Capital Firm Pando Group is Investing $2 Million in Israeli Fintech Hub The Floor
Israeli fintech hub initiative is receiving $2 million investments from Chinese venture capital firm Pando Group. The partnership is expected to build the bridge between Israel companies and the Asian markets.
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Palestinian-American entrepreneur Zahi Khouri teamed up with Palestinian investors to build a Coca-Cola manufacturing plant in the Gaza Strip. This new factory would provide direct jobs for 250 people and indirectly support 1,000 local families. This move is one of the first and most significant economic development in Gaza after the end of the war in 2014.
ISIS (Islamic State in Iraq and Syria) has begun selling Iraqi crude oil to Syria, against which the Islamic militant group has been fighting to take over the country.
It appears that a supergiant gas field was recently discovered in an Egyptian coast by an Italian oil group called 'Eni'. According to a recent report by Telegraph, "a supergiant gas field holding the equivalent of 5.5 billion barrels of oil has been discovered off the coast of Egypt, the largest ever find in the Mediterranean."
Western and Middle East insurance specialists see Iran as an appealing $8 billion (£5 billion) market in the wake of its nuclear deal with world powers, though uncertainty over when sanctions on Tehran will be lifted means they are treating the country with caution.
Google-owned online mapping company Waze is launching a carpooling pilot program in Israel where commuters pay fellow drivers a small fee for a ride to and from work.
Mariah Carey is now very open with relationship with the billionaire James Packer. Mariah even went to Israel to meet James' spiritual leader to seek for blessing. Meanwhile, Mariah Carey and Nick Cannon's mansion was sold; Mariah now lives at Caesars Palace in Las Vegas.
Anonymous Hackers attacked Israeli websites with minimal success. However, breached military computer networks.
An upset victory by Israel's centre-left opposition in Tuesday's election could be a welcome change for a business and corporate sector eager for the "peace dividend" that might come with a government willing to talk with the Palestinians.
Israel's defense minister arrived in India on Wednesday to help sell his country's arms industry to the world's largest defense importer and promote deepening military ties between the two nations.
