Canada Israel Chamber of Commerce - CICC

07/01/2022

Happy Canada Day!

06/29/2022

Which Israeli company is the best to work for?

Globes and Statista want your help to find out. They are currently taking nominations for “Israel's Best Employers”.

You can learn more here:

06/28/2022

Despite forecasting low growth globally, the Organization for Economic Co-operation and Development sees a bright spot in Israel.

The OECD predicts GDP growth will stay high in Israel at 4.8% this year, and 3.4% in 2023.

Some of the reason for this optimism comes from Israel's technology sector, which is “expected to strengthen with growing exports and investments in the industry, if at a slightly lower rate than in previous years.” Employment numbers are also coming back after the pandemic.

06/28/2022

Another massive step for Israel-Arab relations came at the end of May.

Just 20 months after the signing of the Abraham Accords, Israel signed a free trade agreement with the United Arab Emirates in Dubai.

"This is an event of historic importance for economic relations between the State of Israel and the UAE - the first free trade agreement with an Arab country,” said Orna Barbivai, Israel's Minister of Economy and Industry. “The free trade agreement that we signed this morning will strengthen trade between the two countries, remove barriers and promote new business opportunities and partnerships, which will represent a robust base for our joint journey."

We will continue watching developments closely.

Economy Minister Orna Barvivai, Emirati ministers sign agreement in Dubai, marking 'new era of trade and investment' in region

06/23/2022

Israeli startups have now raised $8.1 billion since the new year, though the number is a conservative estimate.

This is slightly off last year’s pace, but already growing closer to 2020’s total of $10 billion.

This article includes a summary of major financing rounds by companies launched in Israel.

https://en.globes.co.il/en/article-israeli-startups-raised-175b-in-may-1001413955

06/08/2022

A significant step has been taken to build economic ties between Israel and Morocco.

Business and government agencies from both countries signed 13 memorandums of understanding (MOUs), pledging to look into collaborating on innovations in the areas of agriculture, water technology, logistics and more.

Moroccan officials are looking to learn best practices from Israel on developing their own startup ecosystem. Morocco’s Minister of Commerce and Industry, Ryad Mezzour, said his country has “an amazing opportunity [to learn] from one of the most innovative countries in the world to show us the way.”

The MOUs comes 18 months after the signing of the Abraham Accords.

https://www.timesofisrael.com/in-casablanca-morocco-and-israel-see-the-beginning-of-a-beautiful-tech-friendship/

Organizations ink 13 agreements, as representatives declare that historic ties have become economic opportunities -- though full diplomatic ties are still on hold

06/07/2022

One of the largest adtech companies in Canada - ClearPier - has just made its biggest acquisition in Israel.

ClearPier is purchasing adtech startup PubPlub, which will continue to be an independent company based in Tel Aviv.

“Israel has always been considered a global trailblazer in the adtech field, and the current acquisition will help us provide a broad suite of solutions to our customers and enable us to expand into new markets,” said Sunil Abraham, ClearPier’s founder and CEO.

https://www.calcalistech.com/ctechnews/article/s1txkpiwc

The Israeli company’s platform enables real-time analysis of content effectiveness and content optimization based on profitability and financial performance