Monthly Archives: February 2014

Foreign investors flock to Israel

Posted on February 23, 2014

Overseas investment in the Israeli Stock Exchange tripled in 2013 from $410 million in 2012 to $1.5 billion. Bio-techs, banks and communications companies were the most popular. http://www.jpost.com/Business/Business-News/Foreign-investment-in-Tel-Aviv-Stock-Exchange-tripled-in-2013-340834

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Google buys advanced Israeli security

Posted on February 23, 2014

IT giant Google has acquired the staff and intellectual property of Israeli start-up SlickLogin. The Israeli company is developing applications using ultrasound and smartphones, to allow users more easily to login securely. SlickLogin’s founders served in the IDF elite cyber … Continue reading →

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Israel is a manufacturer of innovation

Posted on February 23, 2014

(Thanks to algemeiner) Ten of Israeli Economy Minister Naftali Bennett’s former colleagues at Cyota have built companies of their own. One, Michal Tzur, co-founded open source video platform Kaltura, which has just raised an additional $47 million of capital. http://www.algemeiner.com/2014/02/12/after-another-start-up-success-economy-minister-bennett-praises-israel-as-manufacturer-of-innovation/

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How isolated is Israel?

Posted on February 23, 2014

Good economic summary by Yoram Ettinger. http://theettingerreport.com/Overseas-Investments/How-Isolated-is-Israel-.aspx

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The largest Israeli buyout by an Asian company

Posted on February 23, 2014

Japanese Internet giant Rakuten has just bought Israeli-developed video and voice communications app Viber for $900 million. Viber allows users to make free phone and video calls within its network, and has over 200 million users all over the world. … Continue reading →

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More passengers, more trains, better reliability

Posted on February 23, 2014

Israel Railways has reported a new record in the number of passengers. Israeli trains carried 45 million passengers in 2013, 12% more than in 2012. The growth was due to the opening of new lines plus more new double-decker carriages. … Continue reading →

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Connecting Canadians

Posted on February 23, 2014

(Thanks to Size Doesn’t Matter) Toronto’s Porter Airlines and Israel’s EL AL have signed an agreement. They will co-ordinate operations at Newark International Airport in New Jersey to connect passengers between Tel Aviv and Billy Bishop Toronto City Airport and … Continue reading →

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Jordan is first country to buy Israeli natural gas

Posted on February 23, 2014

Noble Energy has signed a 15-year agreement in the Jordanian capital of Amman, to sell at least $500 million of gas from the Tamar field to two Jordanian companies. It is the first export deal for Israeli natural gas. A … Continue reading →

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Israel’s economy index is up again

Posted on February 23, 2014

Israel’s Composite State of the Economy Index for Jan 2014 increased by 0.3 percent. Exports of goods and services rose significantly. The IMF also said that Israel’s economic fundamentals remain strong, with solid GDP growth and low unemployment and inflation. … Continue reading →

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Israel links to UN Pacific Alliance

Posted on February 23, 2014

Israel was awarded observer status to the United Nation’s Pacific Alliance group. As an observer state, Israel will be invited to take part in the staff work of the Pacific alliance and attend its conferences, which will facilitate the advancement … Continue reading →

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