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CTech's Wednesday Roundup of Israeli Tech News

CTech's Wednesday Roundup of Israeli Tech News

Warburg Pincus closes deal to acquire Israeli credit card issuer Leumi Card. Former Israeli chief scientist Avi Hasson to raise $100 million fund

CTech | 17:35  25.07.2018
Warburg Pincus closes deal to acquire Israeli credit card issuer Leumi Card. Leumi Card is a subsidiary of Israel-based Bank Leumi, which must divest the card issuer by 2020. Read more

 

Timothy Geithner, president of Warburg Pincus. Photo: Bloomberg Timothy Geithner, president of Warburg Pincus. Photo: Bloomberg Timothy Geithner, president of Warburg Pincus. Photo: Bloomberg

Former Israeli chief scientist Avi Hasson to raise $100 million fund. The former chief scientist at the Israeli Ministry of Economy is raising a $100 million fund backed by Chinese investors in partnership with former colleague and founder of Emerge Fund Dovi Ollech. The two announced the new fund, called Emerge II, in a press conference in Beijing on Friday, alongside several of the fund's largest Chinese investors. Read more

 

Israel hotel occupancy up 2.5% in first half of 2018. Tel Aviv had the highest rate of hotel room occupancy in the country with 76.8%. Jerusalem, the Dead Sea, and the southern resort town of Eilat followed with 70%, 69.8%, and 69.3%, respectively. Read more

 

In pivot, AudioCodes to pay dividends. Revenue grew 12.3 percent to $43.5 million compared to the second quarter of last year. Read more

 

Human rating gains popularity in the Israeli job market, says venture capitalist. Nimrod Kozlovski, a partner at Jerusalem Venture Partners (JVP) and Israel-based law firm HFN, spoke on Tuesday at a conference on human resources hosted by Calcalist. Read more

 

Blockchain Mining listed on the OTCQX. The Israeli shelf company turned crypto mining outfit traded on OTC Pink, the lowest tier of the three over-the-counter marketplaces, before filing to trade on OTCQX, the top tier of the three. Read more

 

News Briefs

 

After 20 years, new hotels to be added to Israeli Dead Sea shore. Read more

 

Wix.com reports higher revenue and improved yearly forecast. Read more

Tel Aviv and Jerusalem among top 10 most expensive destinations on Airbnb. Read more

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