The OECD has accepted Israel as its newest member, following the approval by the 31 national ambassadors on the OECD Council. Israel began the OECD accession process exactly three years ago. The formal accession ceremony will be held at the organization’s Paris headquarters on May 27.
Canada’s Enablence Technologies Inc, which supplies optical components, is acquiring Israel’s Teledata Networks Ltd for $50 million to expand in the global broadband market. Teledata Networks is a leading provider of products and services enabling telecom companies to migrate to Next Generation networks. Using Teledata’s Multi-Service Access Platform and VDSL capabilities Enablence’s international customers will […]
Incoming tourism to Israel enjoyed a new March record in 2010. The Ministry of Tourism reported that 313,000 tourists visited Israel in March, 9% higher than the previous record set in March 2000, when a special millennial tourist campaign led to record numbers of visitors. The number of tourists was 56% higher than in March […]
Deere & Company is buying Israel’s Beit Hashita Metal Industries Ltd. (BHC) and intends to retain the majority of BHC’s employees, including its general manager. BHC is a manufacturer of cotton picker repair parts for all makes of equipment and a supplier of cotton picker row units for other equipment manufacturers. BHC is John Deere’s […]
Swiss drugmaker Roche Holding AG acquired 100% of Israel’s Medingo Ltd., the medical innovator of a new semi-disposable insulin patch pump. The Medingo patches can be stuck on to the skin, without the need for tubes, making it easier for patients to administer insulin. Roche is the world’s No. 2 company in the insulin delivery […]
“The big picture remains that thanks to its sound macroeconomic and structural fundamentals, the Israeli economy appears well positioned to recover from the global crisis and return to respectable growth rates earlier than many other EMEA economies,” – UBS analyst Reinhard Cluse UBS raised its growth forecast for Israel to 3.5% from 3% in 2010, […]
More than one million Israelis made overseas trips in January-April, 10% more than during the corresponding period of last year The Central Bureau of Statistics (CBS) announced last week that 1.08 million visitors entered Israel between January and April 2010. The number, according to the CBS, represents some 44% increase compared to the corresponding […]
Israeli company MS Tech recognized for the scientific advancement of a breakthrough sensor technologies and integrated detection solutions Ness-Ziona, Israel, May 17, 2010 – MS Tech, a world class designer, manufacturer and innovator of advanced detection sensors announced today that it has been named as a Finalist for the Red Herring 2010 Europe Top 100 […]
As reported in IVC: LabPixies handpicked group of angels share insights about their Israeli company’s acquisition by Google. Google’s announcement last week that it was acquiring Tel Aviv-based LabPixies for a rumored $25 million caught some Israeli analysts by surprise. That’s a tidy sum for a small startup with just 12 employees that has raised […]
As reported in IVC: Technion teams dominate Microsoft’s Imagine Cup Israel competition held in Rishon Lezion. Teams from the Technion-Israel Institute of Technology took first and second place in Microsoft’s Imagine Cup Israel, which challenges students worldwide to solve the world’s toughest problems with technology. The competition, held at the College of Management, Academic Studies […]
