It s not right that Israeli high tech is foreign owned
BATM CEO Zvi Marom warns about Israel s high tech future, while the sector is mainly foreign owned, and says the vaccination won t beat Covid-19.
BATM Advanced Communications Ltd. (LSE: BVC) CEO Zvi Marom is ending six years as chairman of the Israeli High-Tech Association. This position, along with his company’s areas of expertise - which includes infectious diseases and testing equipment for infectious diseases - as well as his close relationship with Prime Minister Benjamin Netanyahu, have put him close to the decision-making centers of power during the Covid-19 crisis. But he provides a harsh assessment of Israel s handling of the Covid-19 pandemic and also warns about the precariousness of Israel s high tech future, while most of the sector remains under foreign ownership.
Abu Dhabi Ports tade agreement marks turning point in UAE and Israeli business relations
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The summit, co-hosted by Gulf News and TheMarker, heard how both countries are seeking mutual investment opportunities following the normalisation of bilateral ties after the Abraham Accord in August. The UAE has a multibillion-dollar accelerator programme for start-ups, with Hub 71 as its flagship project. Over two-thirds of start-ups in the Middle East and North Africa are based in the UAE. Israel meanwhile has had a record breaking year for its tech companies, seeing investments of $10 billion, said Uri Gabai, co–general manager and vice president of strategy at Start-Up Nation Central, Israel.
Netalie Nadivi, Partner, Triventures Venture Capital Fund, Israel, said the global health crisis of 2020 has shown tech-led solutions have become “must-have” instead of just “nice to have”. She added that remote care and tele health are ripe for funding now. “We are interested in the verticalisation of healthcare, seeing fintech solutions for healthcare, changing how and where