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Ceragon buys Norway’s Nera Networks

As reported in Globes.co.il: Nera’s operations in Latin America and Africa complement Ceragon’s position in Europe, Asia and North America. Wireless backhaul equipment and network developer Ceragon Networks Ltd. is buying Norwegian company Nera Networks for about $48.5 million.Nera is a manufacturer of microwave radio systems. The company is one of three business units of Eltek […]

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Government sells 5% of Bank Leumi

As reported in Globes.co.il: UBS bought the shares, which it will distribute to investors. Sources inform ”Globes” that UBS AG  bought 5% of Bank Leumi from the government for NIS 1.3 billion. UBS will resell the shares to mostly foreign investors in off-floor transactions.UBS paid NIS 16.95 per share, a 0.9% discount on Bank Leumi’s closing price […]

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Perrigo buys Paddock Laboratories for $540m

As reported in Globes.co.il: The private Minneapolis-based company produces specialty generic drugs. Perrigo Company  will acquire generic drug maker Paddock Laboratories Inc. for $540 million in cash. The private Minneapolis-based company produces specialty generic drugs. Perrigo estimates that it will receive a net tax benefit of $95 million on the deal, reducing the net purchase price […]

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Latest News Israel

Israeli brew may be your cup of tea

As reported in Israel21c: How about some Israeli tea with those scones? A British distributorship has introduced herbal tea infusions from the Galilee and they’re proving to be a hit with London tea-drinkers. “Our teas are based on dried fruit that gives them a fruity taste, and you can eat the fruit after you finish […]

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Latest News Israel

Global Interest in Eilat Rail Project

As reported by Ynet: Companies from Russia, China, Kazakhstan, Belarus and Georgia respond to Transportation Ministry’s call to submit proposals for project’s planning, construction and operation. Companies from Russia, China, Kazakhstan, Belarus and Georgia have expressed an interest in Israel’s Eilat rail project, Yedioth Ahronoth’s ecomic supplement Mamon, has learned. In a bid to include the […]

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Latest News Israel

Israeli Polished Diamond Exports Up 48% in 2010

As reported in Port2Port: Net rough diamond exports grew 62.1% to $3.1 billion in 2010, while polished diamond imports rose 68% to $4.2 billion and rough diamond imports grew 51% to $3.8 billion According to figures published last Tuesday by the Israel Ministry of Industry, Trade and Labor the Israeli diamond industry showed an impressive […]

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Latest News Israel

Jasper Opens Israel R&D Center

As reported in the Israeli Semiconductors portal: Jasper Design Automation, provider of advanced formal technology solutions, today announced the opening of its fourth international R&D Center in Haifa, Israel. Jasper also has R&D Centers in Belo Horizonte, Brazil; Goteborg, Sweden; and at its headquarters in Mountain View, Calif. Jasper Israel is located in the Matam […]

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Latest News Israel News

Finance Ministry: Last year’s fiscal deficit lower-than-expected

As reported in Port2Port: The Government deficit in 2010 totaled NIS 30.2 billion, or 3.73% of gross domestic product, compared with the original budget plan of 5.5% The Finance Ministry reported last Thursday that the Government deficit in 2010 totaled NIS 30.2 billion, or 3.73% of gross domestic product (GDP), compared with the original budget […]

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Israel Institute of Technology to Teach in English

The Technion – Israel Institute of Technology now offers semester and summer opportunities for engineering and science students, taught entirely in English.   To view their Spring/Summer 2011/12 booklet, click here   Courses are offered from a variety of engineering and science disciplines including: Aerospace Engineering Civil and Environmental Engineering Chemical Engineering Electrical Engineering Food and […]

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Latest News Israel

Water, water everywhere and every drop to drink

As reported in Israel21c: Following a major earthquake in Taiwan in 2009, humanitarian aid workers from Israel brought along locally made WaterSheer products to ensure a steady stream of potable water for the survivors and to transport drinking water quickly to where it was needed most. “You need high quality water in every circumstance, and […]