As reported by Israel21c: It takes a village to educate kids properly, according to an old saying – but in Israel, it takes a high-tech company, in the form of global technology giant Intel, which is now in its eighth year of leading a program called “Think Positive+” (Choshvim Chiyuvi), which gives students all over […]
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FDA approves use of ‘Rewalk’
As reported in Israel21c: The Israeli made ‘Rewalk’ recently received FDA approval, and will soon help the paralyzed population get back on their feet. The device is a set of mechanical legs attached to a backpack battery system that allows a paralyzed patient to “walk” all day. Designed and developed in Israel, the ‘Rewalk’ was […]
As reported by the Federation of Israeli Chambers of Commerce: Economic growth in 2011 will be lower than the growth rate in 2010 (which has been revised to 4.5%), at and will reach 3.5%. Although this is below the growth potential of the Israeli economy, it is still impressive in comparison to most of the […]
As reported in Globes.co.il: Nera’s operations in Latin America and Africa complement Ceragon’s position in Europe, Asia and North America. Wireless backhaul equipment and network developer Ceragon Networks Ltd. is buying Norwegian company Nera Networks for about $48.5 million.Nera is a manufacturer of microwave radio systems. The company is one of three business units of Eltek […]
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IMF Staff Report on Israel
Israel passed through the global recession swiftly. The challenge now is to sustain growth and low inflation while boosting medium-term prospects—in the context of continued global uncertainty, shekel appreciation, and a housing market that is overheating. Buoyant activity and employment alongside incipient inflation pressures calls for the overall stance of policies to be tightened more […]
As reported in Globes.co.il: UBS bought the shares, which it will distribute to investors. Sources inform ”Globes” that UBS AG bought 5% of Bank Leumi from the government for NIS 1.3 billion. UBS will resell the shares to mostly foreign investors in off-floor transactions.UBS paid NIS 16.95 per share, a 0.9% discount on Bank Leumi’s closing price […]
As reported in Globes.co.il: The private Minneapolis-based company produces specialty generic drugs. Perrigo Company will acquire generic drug maker Paddock Laboratories Inc. for $540 million in cash. The private Minneapolis-based company produces specialty generic drugs. Perrigo estimates that it will receive a net tax benefit of $95 million on the deal, reducing the net purchase price […]
As reported in Israel21c: How about some Israeli tea with those scones? A British distributorship has introduced herbal tea infusions from the Galilee and they’re proving to be a hit with London tea-drinkers. “Our teas are based on dried fruit that gives them a fruity taste, and you can eat the fruit after you finish […]
As reported by Ynet: Companies from Russia, China, Kazakhstan, Belarus and Georgia respond to Transportation Ministry’s call to submit proposals for project’s planning, construction and operation. Companies from Russia, China, Kazakhstan, Belarus and Georgia have expressed an interest in Israel’s Eilat rail project, Yedioth Ahronoth’s ecomic supplement Mamon, has learned. In a bid to include the […]
As reported in Port2Port: Net rough diamond exports grew 62.1% to $3.1 billion in 2010, while polished diamond imports rose 68% to $4.2 billion and rough diamond imports grew 51% to $3.8 billion According to figures published last Tuesday by the Israel Ministry of Industry, Trade and Labor the Israeli diamond industry showed an impressive […]
israeltrade.org.au 