“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 and […]
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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 has […]
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 degree […]
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 100 […]
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 100 […]
“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, both […]
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.
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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 the […]
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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 residents […]
MSCI Barra, the leading provider of investment decision support tools to investment institutions worldwide, will reclassify the MSCI Israel Index to Developed Markets coinciding with the May 2010. Upgraded Israel from emerging market to developed market is a proof of the great achievement of the Israeli economy and is going to have a big impact on […]
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