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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 […]

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Latest News Israel News

Israel’s unemployment rate at historic all-time low

A similar unemployment rate of 5.9% was recorded on the eve of the financial crisis in 2008 Data provided last week by the Central Bureau of Statistics, based on monthly trend data calculations from the Labor Force Survey, show that the unemployment rate for May 2011reached 5.7% of the total civilian labor force – a […]

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Latest News Israel News

Israel to allow more dairy imports in bid to increase competition

Finance Minister Yuval Steinitz and Industry, Trade and Labor Minister Shalom Simhon agreed last week to allow more dairy imports in order to increase competition. Prime Minister Benjamin Netanyahu accepted the recommendations. In a statement issued by the Finance Minister he noted “The right way to reduce prices is through true competition in the milk […]

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Latest News Israel News Tourism News from Israel

June tourism to Israel – record high

The Ministry of Tourism announced that a record 262,000 tourists and day visitors entered Israel in June, 1% more visitors than in June 2010. Cruise travel to Israel also reached an all-time high in June with the confirmed arrival of 50,000 tourists and crew docking in the Israel port cities of Ashdod and Haifa   […]

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Israel’s Medfly hope

As reported in the West Australian Newspaper;  With a ban on chemicals dimethoate and fenthion imminent, the Mediterranean fruit fly (Medfly) is poised to take centre stage in fruit bowls across the State. WA fruit grower Garrie Vincenti was so worried about the ban he travelled to Israel in search of a holy grail to […]

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Israeli Water Technology for the Mining and Resources Industries

The Israeli Water Technology for the Mining and Resources Industries Catalogue Australia is a dry continent with competition for scarce water resources.  Water is therefore a key business risk for top companies. From a broad Australian perspective, drought, over-allocation, inefficient water supply (loss driven) and climate change has resulted in a strong focus by many […]

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Latest News Israel News

CBS released data related to imports by country of origin 2010: USA & China lead the table

Data released last week by the Central Bureau of Statistics (CBS) on imports of goods by country of purchase in 2010 show that the countries of origin from which imports were above one billion US$ were: U.S.A., China, Germany, Belgium, Italy, Japan, Turkey, India, U.K., Switzerland, France, South Korea, Hong Kong and Russia. Imports from […]

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Latest News Israel News

Cabinet approved new NIS 1.6b Timna int’l airport

Israel’s cabinet approved last week plans to build at a cost of NIS 1.6 billion ($478 million) the nation’s second international airport, to be located in Timna, in the south of the country near the resort city of Eilat. The existing Eilat airport is a small facility literally inside the city of Eilat. Timna, where […]