Space Council to be Established to Advise Government

Electronics News report A Space Industry Innovation Council will be established to give the Australian Government strategic advice as it develops a national space policy and boosts support for space science and technology. Senator Kim Carr, Minister for Innovation, Industry, Science and Research, said in a statement announcing the council, that it is a part ofContinue reading “Space Council to be Established to Advise Government”

IMF SAYS ISRAEL SAFE HAVEN AMID GLOBAL CRISIS

“Since early 2008 it seems that Israel acquired the status of a safe haven, with sharp growth in the movement of capital into the market and the revaluation of the real exchange rate.” So says the IMF in its world review. The International Monetary Fund (IMF) praised Israel’s response to the recent economic crisis andContinue reading “IMF SAYS ISRAEL SAFE HAVEN AMID GLOBAL CRISIS”

Oil Refineries’ Completes Acquisition of Balance of Carmel Olefins from Israel Petrochemical Industries

As reported in by Standard and Poor’s , following completion of the transaction, ORL holds 100% of CAOL, while IPE increases its holding in ORL to 30.7%, and the Israel Corp. and the public will respectively hold 37.1% and 32.2% of the Company. In parallel to the completion of the transaction, the Israeli Government hasContinue reading “Oil Refineries’ Completes Acquisition of Balance of Carmel Olefins from Israel Petrochemical Industries”

SECURITY COMPANY GETS “MOST PROMISING STARTUP” AWARD AT GLOBAL SECURITY CHALLENGE COMPETITION

Adaptive Imaging Technologies (AIT), an Israeli security start-up, won the “Most Promising Startup” award at the Global Security Challenge in London for its digital surveillance system that allows a single device to provide the same functionality as a large number of conventional wide-angle and telescopic cameras. The so-called “Panoramic Telescope” continuously monitors a 180 degreeContinue reading “SECURITY COMPANY GETS “MOST PROMISING STARTUP” AWARD AT GLOBAL SECURITY CHALLENGE COMPETITION”

ISRAEL OPENS TWO CLEANTECH R&D CENTERS IN THE SOUTH

To boost entrepreneurial activity and encourage further innovation in the cleantech sector, Israel’s Ministry of Industry, Trade and Labor is creating a renewable energy center and a water technology center in the Negev. The centers will be established following a tender procedure including Israeli and international investors and have an approved 5-year budget of 100Continue reading “ISRAEL OPENS TWO CLEANTECH R&D CENTERS IN THE SOUTH”

BOOK REVEALS HOW ISRAEL BECAME A START-UP NATION

A new book called “Start-Up Nation: The Story of Israel’s Economic Miracle,” explores the culture behind Israel’s economic success and maintains that those same factors which allowed Israel to excel would ensure its continued growth among the economic leaders of the world. The book’s authors, Dan Senor and Saul Singer, who interviewed more than 100Continue reading “BOOK REVEALS HOW ISRAEL BECAME A START-UP NATION”

FITCH MAINTAINS ISRAEL’S CREDIT RATING DESPITE GLOBAL CRISIS

“Israel is one of only four A-rated countries that will emerge from the recession in 2009” – Fitch Credit rating agency Fitch Ratings reiterated Israel’s sovereign debt rating at A with a “Stable” outlook, while Israel’s domestic bond rating was maintained at A+ with a “Stable” outlook. Fitch follows Moody’s Investors Service and S&P, bothContinue reading “FITCH MAINTAINS ISRAEL’S CREDIT RATING DESPITE GLOBAL CRISIS”

IBM BUYS ISRAELI START UP GUARDIUM FOR $225 MILLION

US computing giant IBM is acquiring database security company Guardium for $225 million. Guardium, which was founded in 2002 as a subsidiary of Israel’s Log-On Software, has been headquartered in Boston, Massachusetts since 2003.
Over the past few years IBM has acquired more than 20 Israeli companies, alongside its large investment in its Israeli research and development facilities . IBM has over 2000 employees in Israel located in Haifa, Rehovot and Jerusalem.

Green energy scheme ‘a fraud’

The  Sydney Morning Herald reports that KEVIN RUDD’S environmental agenda is under attack on two fronts, with the country’s biggest private renewable energy business declaring his green power target at risk of failure. As criticism of the emissions trading scheme grows bolder after the fractured Copenhagen summit, AGL has labelled the administration of the theContinue reading “Green energy scheme ‘a fraud’”

Water concerns still strong in cities

As seen on the Smart Watermark website, the annual Newspoll WATER SAVING SURVEY conducted for Smart WaterMark indicate that Australia’s capital city residents are less concerned about water than they have been for the past two years, although more than 90% of respondents surveyed still think the situation is pretty serious. Adelaide and Melbourne residentsContinue reading “Water concerns still strong in cities”