Israel Pioneers Green Transportation Solutions
The Fuel Choices Summit, hosted by the prime minister, hopes to 'promote Israel's ambitious goal of reducing 60% of the country's oil consumption by 2025.' Some of the solutions presented there include a smart electric scooter and an all-electric six-person air taxi.
New Israeli Tech Will Standardize Diamond Grading
Sarine Technologies Ltd., the Israeli company that pioneered the world’s first software to automatically measure diamonds, has said it has now developed new machine learning technologies to automatically and objectively grade the clarity and color of the stones.
Gem labs today employ teams of experts to provide diamonds with certificates that define their characteristics, including the crucial four C’s: cut, color, clarity and carats; the teams scrutinize the diamonds for these traits and grade them. It is these grades that define the final value of the diamond.
Sarine’s technology aims to provide an accurate and automated color and clarity grading that is not subject to human perception.
Israel's Credit Rating Raised to A+ by Fitch
Credit rating agency Fitch last weekend raised the state of Israel's credit rating for its foreign currency debt to the level of A+ (with the top rating being AAA). The state is now rated A+ by all three of the world's largest credit rating agencies: Fitch, Moody's, and Standard and Poor's.
Despite Israel receiving praise for its stable growth and fairly low national debts, Fitch still mentioned that it sees the state of the Middle East as volatile, posing a risk to the Israeli economy.
How Will Trump's Election Affect the Israeli Economy?
Often, the world's stock markets react extremely to moments of uncertainty, as we saw after the Brexit vote, and Donald Trump's victory in the US presidential elections was no different, with markets across the world diving and rebounding the following day.
Ynet spoke to senior economists to see how they think Trump's election will affect the Israeli economy.
Israeli Start-Up Attracts Millions from US, Asia
An Israeli start-up recently attracted $7 million of investment from the US and Asia in its latest round of fundraising, making it one of the most promising companies produced by the Israeli market.
The company, Gauzy, has created technology using unique liquid crystal film which can be embedded into raw materials—with a current focus on glass—to perform a vast array of functions including, inter alia, providing users the ability to control its levels of transparency and opacity.
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