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Latest News Israel

Middle East cooperation highlights wonders of the Dead Sea

Israel, Jordan and Palestine are working together to ensure the Dead Sea is recognised as one of the New7Wonders of nature. The Dead Sea, promoted as the world’s largest natural spa, is one of 28 finalists in the international competition. It is contending against stiff local competition, including The Great Barrier Reef and Uluru for […]

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Latest News Israel

Israeli companies keen to list on ASX

During his upcoming visit to Australia, (February 27 – March 2) the Israeli Minister for Industry, Trade and Labour, Shalom Simhon will meet with ASX chairman David Gonski and Deputy CEO Peter Hiom to explore opportunities for Israeli companies interested in listing on Australia’s stock exchange. Both the Australian and Israeli economies have prospered during […]

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Latest News Israel

Better Place readies commercial launch

As reported by Globes: Electric car venture Better Place LLC today unveiled its national battery recharging and replacement infrastructure. The network already includes 33 stations in operation or under construction, a nationwide network of recharging points, a command and control center, and a fleet management system. Better Place says that by the time of the […]

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Latest News Israel

Summary of Israeli Private Equity Deals – 2011

As reported by IVC: IVC Reports: $2.88 billion in private equity deals in 2011, up 18% from 2010 Buyout deals up 150% in 2011 The following are the findings of the IVC-GKH Quarterly Private Equity (PE) Survey conducted by IVC Research Center, which for more than 15 years has been at the forefront of private […]

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Latest News Israel

Can-Fite unit hires Nobel Laureate as director

As reported by IVC: Prof. Roger Kornberg won the 2006 Nobel Prize in Chemistry for his work on the mechanism of eukaryotic gene transcription Can-Fite BioPharma Ltd. (TASE:CFBI) subsidiary OpththaliX Inc. (Bulletin Board: OPLI) has appointed Nobel Prize Laureate in Chemistry Prof. Roger Kornberg to its board of directors. Prof. Kornberg won the Nobel Prize […]

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Latest News Israel

Private equity deals up 18% in 2011

Private equity deals rose 18% to $2.88 billion in 65 transactions in 2011 from $2.44 billion in 2010, according to IVC and Gross, Kleinhendler, Hodak, Halevy, Greenberg & Co. law firm. Ten deals, each more than $100 million, accounted for 75% of the total in 2011. In 2010, there were only five deals totaling more […]

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Latest News Israel

OECD : Israel is world’s second most educated country

As reported in port2port: Israel is ranked second most educated country in the world, among OECD member countries in terms of the number of academics. New Organization for Economic Co-Operation and Development (OECD) report places Israel in second place in terms of the number of its academics. The country in first place is Canada. The […]

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Latest News Israel

Israeli Cabinet Approves Construction of a Tel Aviv-Eilat Railway Line

As reported in port2port: Israel plans to build railway line linking its Eilat Red Sea port and Mediterranean ports. The project is due to begin operations five years from the start of construction The Cabinet approved the construction of a railway line from Tel Aviv to Eilat.  The 350-kilometer line will be for passengers and […]

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Latest News Israel

Finance Minister abolished customs duty on imported personal items

As reported in Port2port: Private citizens will be able to purchase low-cost products from abroad tax-free over the Internet The Finance Ministry abolished last Monday customs duty on imported items worth NIS 1,200 (goods + shipping costs via mail or courier does not exceed $325) thus opening an era of competition to Israeli retailers. The […]

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Latest News Israel

Better Place delivers first 100 Fluences electric vehicles in Israel

As reported in Port2Port: Better Place has commenced delivery of the first 100 electric Renault Fluences with lithium ion batteries to Israeli customers, as part of its target of 45,000 fleet vehicles in Israel. After years of tests and trial programs, the deliveries mark a big step in the company’s efforts to build out an […]