U.S. Investment Bank Morgan Stanley raised its growth forecast for Israel to 4.8% for both 2011 and 2012 from its previous growth forecast of 4.3%, noting that the Israeli economy “remains one of the robust and well managed among both the developed and the emerging market economies.” “Having shown an excellent track record in weathering […]
Category: News
Israel’s Ministry of Industry, Trade and Labor launched a new incentive to encourage and assist Israeli companies interested in trading in China and India. A company that is selected for the program can receive up to 700,000 shekels a year for three years. The funds are to be used to help the company establish and […]
Foreign direct investment (FDI) in Israel totaled $500 million in June, rising above the monthly average of $410 million for the first half of 2011. The majority of investments were made in the high tech sector. Net foreign investment in stocks traded on the Tel Aviv Stock Exchange (TASE) totaled $440 million in June, 9% […]
A year ago, at the 2010 OECD Ministerial Council Meeting, Israel was formally invited to become a member of the OECD, following three years of accession negotiations. Israel duly became the organisation’s 33rd member country a few months later, in September 2010. The OECD Observerasked the minister of finance, Yuval Steinitz, to outline his views […]
On completion of the Ashdod plant, desalination plants will supply around 75% of the domestic water consumption Minister of Finance, Dr. Yuval Steinitz, Minister of National Infrastructures, Dr. Uzi Landau and Mekorot Chairman, Mr. Alex Vijneitzer signed today a franchise agreement for the Ashdod desalination project with Mekorot subsidiary Mekorot Development & Enterprise, which will […]
Tourist entries in January-July up 4% to 1.9 Million Figures released last Thursday, covering the first half of 2011 show that 1.9 million tourists entered Israel in January-July 2011, a 4% increase on the corresponding months of 2010. As 2010 was considered a record year in the number of tourist arrivals to Israel (3.45 Million), the figures for the […]
Logica, a business and technology service company, and TaKaDu, a world leader in Water Infrastructure Monitoring, announced today they are partnering to offer the UK water industry TaKaDu’s Water Infrastructure Monitoring solution, enabling utilities to reduce water loss and drive efficiency and savings. In the UK, twenty four water companies manage water distribution networks with […]
Israel’s MacroCure helps the body heal itself with a unique product based on white blood cells from healthy donors. The physical deterioration of old age and illness is often manifested in what doctors call chronic wounds – wounds that just will not repair themselves. Petah Tikvah-based MacroCure has a product that aims to do what […]
A treaty for the avoidance of double taxation has been signed between Israel and Malta, and a treaty for the avoidance of double taxation has been initialed between Israel and Panama. The treaties will enter into effect on completion of ratification proceedings in the two countries. The treaty signed with Malta includes a clause for […]
A little Arab town on the road to Jerusalem has gained fame as the hummus capital of Israel after one of its residents won the lottery in Chicago. The town of Abu Ghosh, a mostly Arab town in the green hills outside of Jerusalem, is the “hummus capital” of Israel. And the most well-known of […]
