Israel Active

Israel has joined a group of 41 countries that have agreed to drop all customs duties on goods that contribute to a cleaner environment.  The global deal will also make Israel’s vast range of clean technology products cheaper abroad and thus help Israeli exports.

(Thanks to Atid-EDI) The Jordanian government said that its state-owned National Electric Power Company is expected to buy 250-300 million cubic feet per day of (Israeli) natural gas, which experts said will save around JD700 million annually of the energy bill.

Russian software giant Kaspersky Lab, known for its popular anti-virus system, will open a development center in Jerusalem next year - one of its few outside of Russia.

(Thanks to NoCamels.com) Israel’s Alexander Brewery tasted international success when its Black Beer beat 74 other brews to win the Robust Porter category at the World Beer Cup in Denver Colorado, USA.  The Israeli brewery has only been marketing beer for 3 years.

Nearly 1,000 Chinese business people visited Israel last year, including those at the first-ever Israel-China Economic Summit. For China, Israel is a great source of technology to help them develop their economy. For Israel, it’s a unique opportunity to gain entry into the biggest market in the world.

The United States Navy is acquiring Gulfstream jets which have been modified to carry the radar detection system developed by Israel Aerospace Industries (IAI)/Elta Systems for airborne Aerial Early Warning missions.

Israel is amending the Angel Investors Law, granting tax incentives to those investing in start-ups at the seed stage of research and development.  Economy Minister Naftali Bennett said it “will ensure that the New Year will be one of entrepreneurship and encouragement of investment in high tech.”

Bilateral trade between Israel and the UK rose by 28% between January and August, reaching record levels.  Israeli exports to the UK were worth £1.6 billion, up 38%.

International credit rating agency Moody’s reported that Israel’s investment grade remains at an A1 sovereign rating, and that the country’s economy maintains a stable outlook.  Moody’s attributes the favorable rating to Israel’s “resilient growth model and effective governance.”

The Israeli government has appropriated $360 million to communities adjacent to the Israel-Gaza border on top of the $114 million allocated to the south during Operation Protective Edge.  It is the biggest investment Israel has ever made in the south, funding factories, business support, developing tourism and benefiting all Negev residents, including the Bedouin community,” =