Omnibus-Bill USA and Israel. What’s in for Abraham Accords? Not much

From Israel’s point of view, the omnibus decision by the US Congress was quite considerable. The only realm that needs a robuste improvement is the Abraham Accords, which the Biden administration doesn’t particularly appreciate.

However, if you want peace in the Middle East, you need the Abraham Accords once brokered by Trump and Netanyahu.

The AIPAC writes in a statement on Twitter: “The bill promotes peace by supporting and expanding the Abraham Accords. America is stronger when Israel is secure.“

In sum, the US-administration will provide about $4 billion on behalf of security – in the broad sense – of Israel. In detail, it looks like this: $3.3 billion goes directly to the defense of Israel without further conditions and reservations. Read more on VonNaftali

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Israel: Huge Profits of Government-owned Companies

State-owned companies tend to have a reputation for running deficits. It’s different in Israel: Overall, these are highly profitable companies. The third quarterly report from about 70 government-owned companies raises some questions: Is it the duty of the state to make profits in monopolistic markets? This may explain partly the high living costs in Israel.

In the press release of the Ministry of Finance you get explained: “The government owned companies in Israel recorded an aggregate net profit (including non-recurring profits) of approximately NIS 3.4 billion in the first three quarters of 2022, the increase is mainly due to non-recurring events.

The revenue of the government owned companies amounted to approximately NIS 72 billion, the operating profit amounted to of about NIS 2 billion. The operating profit rate is 3% and the net profit rate is 5%. Read more on VonNaftali

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Quartz Stone from Israel for Mesmerizing Home Design

Caesarstone will transform the countertop industry in North America in 2023 with the monumental launch of its multi-material surfaces portfolio: Porcelain and Natural Stone will join the Quartz and Outdoor Quartz portfolio for which the company is so well-known. It is an art that Ceaserstone is presenting.

For over 35 years, Caesarstone from Israel has been turning design dreams into reality as the global leader in premium surfaces, specializing in countertops that create dynamic spaces of inspiration in the heart of any home.

The expanded portfolio of more than 100 colors tastefully combines the company’s innovative technology with its powerful design passion, empowering consumers to design with freedom. The new additions to the Caesarstone portfolio will debut at the ‘Kitchen & Bath Industry Show (KBIS)’ at the Las Vegas Convention Center. Read more on VonNaftali

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Gilat (Israel) and Intelsat Expand Their Strategic Partnership for the Americas

Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the company and Intelsat are expanding their strategic partnership with multimillion-dollar agreements to increase in-flight connectivity (IFC) in the Americas.

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Quantum Supremacy Israel: Israel Start to Build ‘National Quantum Computing Center’. Where is Philosophy? (D/E)

Israel is already in the Top 10 Club of Quantum Supremacy as VonNaftali reported. The State of Israel selected now the company that will build the National Quantum Computing Center. A company that is also well known to readers from VonNaftali: Quantum Machines.

The press release gives details: “Quantum Machines, the provider of breakthrough quantum control solutions that accelerate the development and implementation of quantum computers, announced that it has been selected by the Israel Innovation Authority (IIA) to lead the establishment of the Israel Quantum Computing Center.

A consortium should bring Israel in the race of Quantum Supremacy into the lead. For all the enthusiasm and justified optimism and professionalism on board, the consortium does not seem complete without the philosophy. Read more on VonNaftali

FREE E-Letter Business Israel&Abraham Accords by VonNaftali

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