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Latest News Israel

The Waze of the Future

Imagine never having to sit in a traffic jam again. And that’s without having to listen to the local radio station to get annoying traffic updates. A free mobile app from Israeli startup Waze is changing the way people drive. Approximately 50,000 users daily are flocking to this user-friendly app. Only a year ago, there […]

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Latest News Israel

Water wise

Improving mining outcomes with the help of Israeli technology Israel has almost no domestic mining industry. This fact has not stopped an increasing number of Israeli companies from successfully adapting their technologies in water, communications, robotics and even defense sectors to create better mining solutions in Australia and internationally. Technology must be in the centre […]

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Latest News Israel

Beating swords into plowshares

Improving mining outcomes with the help of Israeli defense technology What does the Israeli defense technology sector have to offer Australian mining companies? Surprisingly, there is significant overlap in the industries; operating in remote locations, the need for self-sufficiency, challenging environments and terrain, safety issues and more create an unlikely, but successful, synergy. “If you […]

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Latest News Israel News

Unemployment rate at historic low in Q4 2011

The unemployment rate fell to 5.4% of the civilian labor force in the fourth quarter of 2011 from 5.6% in the preceding quarter. The unemployment rate fell to an all-time low of 5.4% of the civilian labor force in the fourth quarter of 2011 from 5.6% in the preceding quarter, the Central Bureau of Statistics […]

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Latest News Israel News

Half of gas royalties to be invested abroad

The newly established sovereign fund will provide a “security cushion” for dealing with wars and national disasters. On the basis of the recommendation of the committee established to review the sovereign fund, half of state revenues from oil and gas resources (incomes from the tax on excess profits) will be deposited in a fund that […]

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Latest News Israel News

Buffett: Iscar continues to amaze us

“Iscar’s managers – Eitan Wertheimer, Jacob Harpaz and Danny Goldman – are brilliant strategists and operators.”http://platform.linkedin.com/in.js Warren Buffett heaped praise on Iscar Ltd. (IMC Metalworking Companies), calling it one of “the fabulous five” in his annual letter to Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B) shareholders, published as part of the company’s financial report for 2011. […]

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Latest News Israel

Organic food, is it kosher?

Two of the world’s fastest growing food sectors are the kosher and organic segments. Although these two consumer groups have not traditionally had much in common there is movement towards some overlap, and a growing range of products available that are both kosher and organic. Israel’s organic food sector is growing at an astonishing 25% […]

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Latest News Israel

Beating swords into plowshares

Improving mining outcomes with the help of Israeli defense technology What would the Israeli defense technology sector have to offer international mining companies? Surprisingly, there is significant overlap in the industries; operating in remote locations, the need for self-sufficiency, challenging environments and terrain, safety issues and more create an unlikely, but successful, synergy. Technology must […]

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Latest News Israel

Israel’s 18-year-old high-tech whiz kid

As reported in Israel21c: He’s only 18, but Ben Lang is already a serial entrepreneur. Now he’s co-founded Innovation Israel — a community for startups, entrepreneurs and investors Ben Lang gets a kick out of sharing the story of how he received a cease-and-desist order from the New York Times for making a website called […]

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Latest News Israel

The IMF Consultation Mission to Israel Today Submitted its Preliminary Concluding Statement

The IMF Consultation Mission to Israel under mission chief, Mr. Peter Doyle, today presented its preliminary report on Israel’s economy to the Minister of Finance, Dr. Yuval Steinitz, and the Governor of the Bank of Israel, Prof. Stanley Fischer. The IMF is expected to publish its final report on the Israeli economy at the end […]