In a week that saw a range of anniversaries and key dates, the UAE Foreign Minister landed in Israel to mark the two-year anniversary of the Abraham Accords, and Herzog Fox & Neeman celebrated its 50th birthday.
As we gear up for Rosh Hashana and the dipping of apple and honey, there were some sweet moments this week also as many financings were completed. Cymulat attracted USD 70 million in a Series D financing with Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron acting for investors and Shibolet for the company. Cellcom raised NIS 400 million in a public debt financing, with Gornitzky . acting for Cellcom, while Bank Leumi has raised NIS 2 billion as part of an expansion of existing series of COCO bonds, with Agmon & Co. Rosenberg Hacohen & Co. advising the Israeli bank.
Internationally, commercial optimism was high for the Israel-UAE—India triangle, as well as the relationship with Bahrain, and a planned new commercial office in Morocco. Domestically, company insolvencies up 11% in 2021 and Israel sets five national R&D priorities for future investment.
Last, A recent survey, conducted by Nishlis Legal Marketing, of global law firms with Israel Desks has produced a fascinating set of results for Israeli firms to be aware of, when it comes to their referrals, approach to Israel, and their marketing and BD efforts.
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