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Alcatel Lucent opens global cloud unit in Israel

As reported in Globes.co.il: Alcatel Lucent appointed Dor Skuler, 34, as VP cloud enablement to manage the center. Alcatel Lucent SA  today officially launched its global cloud computing center in Israel, keeping its promise made when it recently closed its optics R&D center and fired scores of employees. The new business unit will include an R&D […]

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Idan Ofer leads peace delegation to Ramallah

As reported in Globes.co.il: The former Israel Corp. chairman met PA President Mahmoud Abbas who conveyed a message to the Israeli government. Idan Ofer, the former chairman of Israel Corporation met Palestinian Authority President Mahmoud Abbas (Abu-Mazen) at the Mukataa in Ramallah today, at Abbas’s request. Ofer is part of a delegation of Israel Initiates (“Yisrael […]

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JERUSALEM LIGHT FESTIVAL 2011

AN INTERNATIONAL LIGHT FESTIVAL IN THE OLD CITY 15 – 22 JUNE, 20:00 – 24:00. FREE ADMISSION Following the success of last year’s Jerusalem Festival of Light, Jerusalem’s Old City will once again form the magnificent backdrop for lighting installations, exhibits and tours in the Light in Jerusalem 2011 festival, 15 – 22 June 2011 […]

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Talks progress on gas pipeline to Greece

As reported in Globes.co.il: A pipeline from Leviathan would be a technically complex project that could cost over $6 billion. Sources inform ”Globes” that Israel and Greece have made real progress toward a memorandum of understanding on an agreement to export natural gas from the Leviathan field via Greece. The parties also agreed to make a […]

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Tel Aviv 25 hits new record

As reported in Globes.co.il: The previous all-time high of the Tel Aviv Stock Exchange’s benchmark index was reached on January 19. The Tel Aviv 25 Index rose 0.2% today to close at 1,341.89 points, breaking the previous all-time high of 1,340 points reached on January 19. The Tel Aviv 100 Index rose 0.41% to 1,221.59 points.Trading […]

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Will Israel’s Electric Cars Change the World?

<img class="ali buy kamagra jelly gnnone size-full wp-image-7059″ title=”better place” src=”http://www.israeltrade.org.au/wp-content/uploads/2011/05/better-place.jpg&#8221; alt=”” width=”223″ height=”116″ /> As see in TIME Magazine: Shai Agassi, the founder of Better Place, the most sophisticated electric-car enterprise in the world, projects the ebullient confidence of a man facing a giant wave of money. “Within less than this decade the No. […]

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Israeli Hi Tech Capital Raising in Q1 up 39%

In the first quarter of 2011, 140 Israeli Hi-Tech companies raised $479 million from venture investors – both local and foreign. This was the highest quarterly amount raised in the last two years, 39% above the amount raised by 100 companies in the previous quarter. The average company financing round was $3.42 million. To read […]

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Work begins on largest private power station

As reported in Globes.co.il: The $870 million project for Dorad Energy is being built by Wood Group, the UK company’s first activity in Israel. Scotland-based Wood Group plc (LSE: WG) has begun construction of Israel’s largest private power station that Dorad Energy Ltd. is establishing on land owned by Eilat Ashkelon Pipeline Company Ltd. (EAPC) in […]

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Unemployment falls to 6%, near all-time low

As reported in Globs.co.il: The unemployment rate fell from 6.1% in January and 6.2% in December 2010. The unemployment rate fell again in February 2011 to 6% of the civilian labor force from 6.1% in January – close to the all-time low of 5.9% reached in mid-2008. There were 192,000 unemployed in February, the Central Bureau […]

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Pipe dreams

As reported in The Economist: ANY industry that mislays 25-30% of its product in the process of delivering it might reasonably be thought to have a problem. Yet that, according to the World Bank, is the case for the world’s water companies. Though water is cheap, it is not free. According to a report published […]