CTech’s Daily Israeli Tech News Roundup
Did India cancel a $500 million deal with Israel-based arms developer Rafael, or didn’t it? Also: Israel’s new tax regulations fail to entice tech multinationals; medtech companies raise money, and what can we learn from the fidget spinner craze?
Deal or no Deal? India’s Defense Ministry has canceled a $500 million deal to purchase anti-tank guided missiles from Israel-based arms developer Rafael Advanced Defense Systems according to a report published Monday in the Indian Express. Rafael released a statement saying it knows of no change to the deal. Read more
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Big Tech Bails on Treasury's party. The Israeli Ministry of Finance was headed to the U.S. to convince tech multinationals to register their intellectual property in Israel following a change to local tax regulations. Big Tech wasn’t interested. Read more
The Fidget Spinner, an Economics Perspective. What was the Fidget Spinner. Now that the spinners are history, it’s time to understand what exactly happened and what lessons can be learned. Read more
Israel wants the money ThyssenKrupp owes, willing to get paid in factory. The German conglomerate is committed to spend $220 million in Israel as part of a 2015 submarine and ship deal, which has since become the center of a high-profile criminal investigation. Read more
Cancer treatment company POs. Nasdaq-listed VBL Therapeutics wants to raise $18.75 million in an offering of 2.5 million shares last week. Read more
Robotic exoskeleton company makes strides towards $7.2 million. Nasdaq-listed ReWalk Robotics Ltd. announced a public offering.The company develops a battery-powered, wearable walking aid device for people with spinal cord injuries, invented by an electrical engineer who became a quadriplegic following a car accident.Read more
Imaging analysis company DiA is scooping up partnerships. The Israel-based company announced a new multi-year partnership with General Electric subsidiary GE Healthcare. Read more
Blockchain on the high seas. Israeli shipping company ZIM has completed a pilot program replacing traditional bills of lading with electronic, blockchain technology-based shipping documents. Read more.
