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Latest News Israel News

A lollipop to banish bad breath

As reported in Israel 21C:  Israeli startup Breezy has developed a patented mint candy to keep breath fresh for up to four hours, with the help of microcapsules that gently clean the tongue. Those old mouthwash commercials had it right: Bad breath, as clichéd as it sounds, really is a big problem. If it weren’t, […]

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Latest News Israel News

Nano Retina develops bionic retina for visually impaired

As reported in Israel 21c: A two-year-old Israeli company is pairing electrodes with living neurons in the eye to create bionic sight for the vision impaired, in a nanotech development that sounds more like science fiction, than real life. Nano Retina, operating since 2009 in Herzliya, is now manufacturing an R&D prototype of the development. […]

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Teva signs $4b credit line to fund Cephalon acquisition

As reported in Globes: Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) has signed a $4 billion credit with a banking syndicate to finance its $6.8 billion acquisition of Cephalon Inc. (Nasdaq: CEPH). HSBC Holding plc (LSE: HSBA; HKSE: 005; NYSE, Paris: HBC) is heading the syndicate of European, US, Canadian, and Israeli banks, which […]

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Latest News Israel

Israel’s big four arms cos had $7.2b export sales in 2010

As repprted in Globes: The Defense Industries Report for 2010 released today by Hemda Mark, economic advisor to the Ministry of Defense, reveals that sales by Israeli defense companies in 2010 totaled $9.6 billion, 3% more than in 2009. Most of the sales are accounted for by Israel’s four biggest defense companies, Israel Aerospace Industries […]

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Latest News Israel News

Raising fish in a barrel

An Israeli innovation for raising seafood anywhere – including the desert – could be the answer to the world’s growing problem of over fishing and water shortages. “Our technology is totally independent of the sea,” says Dr. Yossi Tal of Israel’s Grow Fish Anywhere (http://growfishanywhere.com ), a company that invented a way to raise fish […]

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Stratecast Names LogNet Systems as a Top OSS/BSS Vendor to Watch in 2011

LogNet Systems recognized for its innovative approach to customer management and billing solutions in multiple service environments  LogNet Systems, a global provider of customer management and billing solutions for multiple play service providers, today announced that the company has been recognized by Stratecast, a division of Frost & Sullivan, for its approach to help service providers […]

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Latest News Israel News

Let Peace Begin with Water

As reported in Israel21C: Named a Hero of the Environment by TIME magazine, Israeli lawyer Gidon Bromberg and his colleagues in Friends of the Earth Middle East are also heroes of peacemaking. In the early 1990s, a young Israeli lawyer doing a master’s thesis on environmental international law concluded that the environment could and should be […]

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Latest News Israel

Ness Technologies bought by Citi unit for $307m

As reported in Globes: IT services and solutions company Ness Technologies Ltd. (Nasdaq: NSTC; TASE: NSTC) announced on Friday that Citigroup Inc. (NYSE: C) unit Citi Venture Capital International (CVCI) will acquire the company for $307 million in cash. CVCI will pay $7.75 per share for Ness, 17.6% over the company’s closing price on Nasdaq […]

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Latest News Israel News

Ormat wins largest ever geothermal deal

As reported in IVC: Ormat Technologies will build the Ngatamariki geothermal project in New Zealand for $130 million. Ormat Industries Ltd. US subsidiary Ormat Technologies Inc. has won a $130 million order in New Zealand – the largest ever in the company’s history. Ormat signed a supply contract and an engineering, procurement and construction, (EPC) […]

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Latest News Israel

Permira buys 61% of drip irrigation co Netafim

As reported in Globes: Permira Funds LLC has acquired 61% of drip irrigation company Netafim Ltd. from Kibbutz Yiftah, Kibbutz Magal, Tene Investments Ltd., and Markstone Capital Partners Group LLC at a company value of $900 million in cash and assumption of loans. Kibbutz Hatzerim owns the rest of Netafim and has first refusal rights […]