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Minister of Finance and Minister of National Infrastructures sign agreement with Mekorot for the construction of a desalination plant in the City of Ashdod

On completion of the Ashdod plant, desalination plants will supply around 75% of the domestic water consumption   Minister of Finance, Dr. Yuval Steinitz, Minister of National Infrastructures, Dr. Uzi Landau and Mekorot Chairman, Mr. Alex Vijneitzer signed today a franchise agreement for the Ashdod desalination project with Mekorot subsidiary Mekorot Development & Enterprise, which will […]

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Latest News Israel News

Logica and TaKaDu Form Partnership to help UK Water Utilities Reduce Water Loss and Increase Efficiency

Logica, a business and technology service company, and TaKaDu, a world leader in Water Infrastructure Monitoring, announced today they are partnering to offer the UK water industry TaKaDu’s Water Infrastructure Monitoring solution, enabling utilities to reduce water loss and drive efficiency and savings.   In the UK, twenty four water companies manage water distribution networks with […]

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Latest News Israel News

Advanced cell therapy for chronic wounds

Israel’s MacroCure helps the body heal itself with a unique product based on white blood cells from healthy donors.  The physical deterioration of old age and illness is often manifested in what doctors call chronic wounds – wounds that just will not repair themselves. Petah Tikvah-based MacroCure has a product that aims to do what […]

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Latest News Israel

Tax Treaties Signed between Israel and Malta and initialed with Panama

A treaty for the avoidance of double taxation has been signed between Israel and Malta, and a treaty for the avoidance of double taxation has been initialed between Israel and Panama. The treaties will enter into effect on completion of ratification proceedings in the two countries. The treaty signed with Malta includes a clause for […]

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Abu Ghosh – the home of hummus

A little Arab town on the road to Jerusalem has gained fame as the hummus capital of Israel after one of its residents won the lottery in Chicago. The town of Abu Ghosh, a mostly Arab town in the green hills outside of Jerusalem, is the “hummus capital” of Israel. And the most well-known of […]

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Latest News Israel News

A clean, green Israel showcase

The CleanTech 2011 mega-event in Tel Aviv displays Israel’s advanced water, solar, wind and natural gas energy solutions.  The 15th annual CleanTech Exhibition in Tel Aviv. Judging by the number of companies that have already signed on for next year’s expo, Haim Alush, CEO of CleanTech 2011, says this year’s event must have been a […]

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Latest News Israel News

PwC MoneyTree: Israeli VC investment up sharply

Second quarter investment was 77% higher than in the corresponding quarter in 2010. Israeli venture capital-backed companies raised $364 million in the second quarter of 2011, according to the quarterly PwC Israel MoneyTree Report, 6% more than the first quarter of 2011, and 77% more than the corresponding quarter in 2010.76 Israeli venture capital-backed companies […]

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Latest News Israel

What would you do for $5? An Israeli website finds out

As reported by Israel21c: At Fiverr, you can quickly buy or sell anything from a bedtime story to vacation advice, all for five bucks. “What would you do for a fiver?” That’s the question Israeli startup Fiverr asks in big letters on the site’s home page. The answer: A lot of really weird stuff. Ever […]

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Latest News Israel

Gilat enters new market with contract potentially worth $70m

As reported in IVC: Gilat will supply European satellite operator SES Astra with network equipment and Ka-band end-user terminals. Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) is entering a new market with a contract potentially worth $70 million over the next five years. Under the contract with European satellite operator SES Astra SA, Gilat […]

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Latest News Israel

Foreign investment rose in June

As reported in IVC: Direct foreign investment totaled $500 million in June, mostly in high tech, above the monthly average of $410 million in the first half Net foreign investment in Tel Aviv Stock Exchange (TASE) stocks totaled $440 million in June, 9% more than in May, and well above the $240 million monthly average […]