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Latest News Israel

Cleantech VC reaches $1.9B in 1Q10

As reported by IVC Online, transportation attracted $704M this past quarter, while energy efficiency and solar remain key sectors to watch, according to latest Cleantech Group data. Cleantech venture capital investment was up 29 percent in the first quarter of 2010 compared to last quarter, and 83 percent higher than the same quarter a year […]

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Israel: Defying all odds

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Latest News Israel News

Agreement Signed for 150 Million Cubic Meters a Year Desalination Project – Likely to be the Largest of its Kind in the World

The Soreq desalination plant will be constructed under the Build-Operate-Transfer (BOT) process. SDL, comprised of IDE and Hutchinson Water, was announced as the winner in the tender. SDL undertakes to plan, build and operate the desalination plant for an overall period of 26.5 years, after which the plant will be transferred to State ownership. SDL […]

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Latest News Israel News

Better Place Opens First Electric Vehicle Demonstration Center in Israel

The Better Place Center is located just outside Tel Aviv, constructed inside a refurbished oil tank, symbolizing the transition to electric transportation. The tour also gives visitors the opportunity to drive an electric vehicle on a specially-designed test track. (For more info)

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State of Israel Sells 5% of Discount Bank Equity to Deutsche Bank

The State of Israel sold a 5% stake of Israel Discount Bank to the Deutsche Investment Bank, which won a closed tender. Deutsche Bank pledged to buy a 5% stake in Israel Discount Bank and received an option to purchase up to 3.33% more shares at a 0.5% discount to their bid price.(for more info)

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Latest News Israel

Israel signs trade agreement with South America

As reported by port2port, Israel is the first country outside South America to sign a free trade agreement with the regional Mercosur bloc. Brazilian President Lula da Silva visted Israel last week Israel signed last week a new free trade agreement with Brazil, and the rest of the Mercosur bloc – Argentina, Paraguay and Uruguay […]

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Latest News Israel

Car safety co Mobileye raises $37m

As reported in IVC , Investors include Goldman Sachs, Leumi Partners, and Menorah Mivtachim. Sources inform ”Globes” that Advanced Driver Assistance Systems (ADAS) developer Mobileye Inc. has raised $37 million from Israeli and foreign investors, at a company value of $740 million after money. Investors included Leumi Partners, which increased its stake in the company […]

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Latest News Israel

Teledata Networks Unveils Compact BroadAccess -300E FTTX System

As reported in IVC ,Teledata Networks Unveils Compact BroadAccess -300E FTTX System Teledata Networks, a leading global provider of innovative Multiservice Access solutions for NGN (Next Generation Networks), announced the release of the new BroadAccess-300E system, a compact FTTX MSAG designed for the delivery of Triple Play and Carrier Ethernet services. As reported in IVC […]

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Latest News Israel

Israel and India Move Toward Free-Trade Agreement

Indian Prime Minister Manmohan Singh has accepted an Israeli proposal to begin negotiations on a free-trade agreement. In a meeting held between Ben-Eliezer, Minister of Trade, Industry and Labor and the Indian Minister of Commerce and Industry, the decision of the Prime Minister of India to accept Israel’s proposal for Free Trade Zone negotiations by […]

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Latest News Israel

MEDICAL AESTHETICS LEADER SOLTA MEDICAL BUYS AESTHERA CORP

As reported in Invest In Israel, Aesthera Corporation, an Israeli company that uses photo pneumatic or light-based technology for the treatment of skin conditions, was acquired by Solta Medical of Hayward, California, for $5.3 million. Aesthera’s flagship product, the Isolaz platform, is the only laser or light-based device with FDA marketing clearance for the treatment […]