Few aspects of Israeli society are dearer to the national identity than its high-tech sector — a class of entrepreneurs so churning with ideas and innovation that they have earned Israel the title of “startup nation.” But can this legacy last forever? Research from the last few years has shown that Israel’s startup model is […]
Category: Top Stories
The Australian Federal Police has awarded a $35 million contract to Elbit Systems of Australia Pty Ltd for an advanced information management system. The company is a subsidiary of the Israeli firm Elbit Systems Ltd based in Haifa. President and CEO of Elbit Bezhalel [Butzi] Machlis told media: “Australia is a very significant market for […]
Categories
10 Impressive Tel Aviv Tech Startups
As reported in the Huffington Post: With more than 700 early-stage startups, and as many as 5,000 overall, it’s no surprise that Tel Aviv has been ranked second only to Silicon Valley in terms of being a leading tech epicenter. Tel Aviv has established itself as one of the most innovative and entrepreneurial cities in […]
Australia’s biggest solar energy plants have been given the funding go-ahead, clearing the way for the installation of 2 million photovoltaic panels at two sites in the NSW outback. AGL Energy Limited (AGL) was selected by the Australian Government as the successful proponent in the solar photovoltaic (PV) category of the Solar Flagships Program independent […]
As reported in the Australian: Woodside upbeat on Israeli gas deal despite hurdles. WOODSIDE Petroleum chief executive Peter Coleman has left no doubts over his desire to move into Israel’s giant offshore Leviathan gas field, but remains silent on the extent of hurdles the group is facing in its non-binding $US1.3 billion-plus buy-in deal. Speaking […]
As reported in Globes: Tourism income from foreign visitors rose to $5.1 billion in 2012 from $5 billion in 2011. Despite Operation Pillar of Cloud and missiles falling from Gaza in November, which hit tourism to Israel at the end of the year, income from foreign tourism reached a record $5.1 billion in 2012, according […]
“The deepest oil well drilled in Israel’s 65-year history may be the most important,” says “Bloomberg” in a report on the new Leviathan well, which will target oil-bearing strata, 6,500 meters below the Mediterranean seabed. The strata may have as much as 1.5 billion barrels of crude oil, equal to about 15 years of Israeli […]
As reported in the Jerusalem Post: A committee headed by former Supreme Court justice Jacob Turkel approved Jacob Frenkel to be the next Bank of Israel governor on Wednesday, paving the way for President Shimon Peres and the cabinet to finalize his appointment. The committee did not take into account a salary scandal, in which […]
Categories
Google Confirms Waze Acquisition
As reported in Globes: Google VP Geo Brian McClendon: The Waze product development team will remain in Israel. Google Inc. has confirmed the acquisition of navigation and traffic report app Waze Ltd.. The deal was first reported by “Globes” on Sunday. The amount of the acquisition was not disclosed but sources believe it was for […]
Categories
Google to buy Waze for $1.3b
As reported in Globes: The acquisition follows months of speculation involving Google, Facebook and Apple. Sources inform ”Globes” that Google Inc. will acquire Waze Ltd. for $1.3 billion. The acquisition of the Israeli navigation app and traffic report start-up will be completed after months of reports that Waze would be sold to either Google or […]
israeltrade.org.au 