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 […]
Category: Latest News Israel
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 […]
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 […]
As reported in Globes: Yosef Maiman’s biggest customer, Idan Ofer, is about to defect to Yitzhak Tshuva. Israel Corporation (TASE: ILCO) has resumed negotiations with the Tamar partners – Tshuva-controlled Delek Group Ltd. (TASE: DLEKG), Noble Energy Inc. (NYSE: NBL), Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L), and Alon Natural Gas Exploration Ltd. (TASE: ALGS) – […]
As reported in Globes: Mobile ads company Amobee Ltd. has been in acquisition talks with a number of companies for several months at a value of $300-350 million, including negotiations with Singapore Telecommunications Ltd. (SGX: T48, ASX: SGT) (SingTel). SingTel was in talks to invest in Amobee last year. Amobee has raised $55 million from […]
As reported in Port2Port: Israel’s total net polished diamond exports increased 23.5% in 2011 over 2010, reaching US$7.2 billion The Israeli Diamond Industry reported last week that it concluded 2011 with 23.5% growth in exports. This was achieved despite a slowdown in activity reported in the global diamond industry in the fourth quarter of 2011. […]
As reported in Globes: Israel, Finland and Sweden top the McAfee cyber-defense survey of leading experts’ perception of a nation’s defenses, with a score of 4.5 out of 5. The rankings are based on the perceived quality of a country’s cyber-readiness – the ability to cope with a range of threats and attacks. Israel tops […]
As reported in IVC: State-owned electric company hopes to roll out nationwide, high-speed broadband network in coming months, aiming to put Jewish state at forefront of next generation of Internet technology Israel is often referred to as “Startup Nation,” thanks to its long history of high-tech breakthroughs produced by scrappy little companies. But in one […]
As reported in IVC: Organizers of Universal Exposition in Milan calling on Israelis to take part in bids for site’s construction in order to enjoy greater exposure, as well as bigger and more attractive pavilion The Expo Milano Universal Exposition will only be held in 2015, but its organizers are already calling on Israeli companies […]
Siemens Concentrated Solar Power Ltd. (formerly Solel Solar Systems) built Israel’s first solar energy field that Arava Power Company inaugurated at Kibbutz Ketura last summer. The German giant Siemens AG (DAX: SI; NYSE: SIE) also acquired 37% of Arava Power for $15 million in 2009. Siemens acquired 100% of Solel Solar for $418 million in […]
