The deal that severs Israel’s dependence on oil
The owners of the giant Tamar natural gas site have signed a 15-year supply contract with Israel’s Electric Company. Delek Drilling chairman Gideon Tadmor said, "This morning, we signed the largest agreement ever signed in Israel… severing of the electricity market from oil, and the supply of clean and cheap power to the Israeli people."
EU & Israel sign joint research agreement
Prime Minister Benjamin Netanyahu met with visiting European Union President José Manuel Barroso in Jerusalem on Monday to oversee the signing of a new water and energy cooperation deal on technological development.
Another record for tourism to Israel
Nearly a quarter of a million tourists visited the Jewish State in June. 1.4 million tourists arrived in Israel during the first half of 2012. Both figures are up 6% on 2011 equivalents.
Singapore shows off Israeli water technology
A delegation of 13 Israeli water technology companies are exhibiting at Singapore International Water Week (SIWW) 2012. Specialities include purification, advanced filtering, transport infrastructure, biological monitoring, and energy-efficient desalination solutions.
Waze reaches 20 million customers
The navigation app from Israel’s Waze has been downloaded by millions of Americans, Europeans and Israelis. Muslim Malaysia has 600,000 subscribers. Waze is now targeting Japan, Korea and China.
Phillips has a healthy future in Israel
Phillips CEO met with Israeli President Shimon Peres following his visit to Phillips’ 600-employee development team in Haifa. Peres said, "Phillips occupies a central place in Israel's high-tech industry”.
Recharging Australia’s cars
Better Place Inc. has teamed up with Australia carmaker GM Holden Ltd. to provide battery recharging services and equipment for the Volt electric car. Customers who choose to install a Better Place Charge Spot can charge their Volt in under four hours.
Elbit Systems wins $62m contract in Korea
Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) has won a $62 million contract to upgrade Korean Air Force C-130 transport aircraft with various types of advanced electronic systems.
Tel Aviv’s Mayor’s road show hits Silicon Valley
Ron Huldai, the mayor of Tel Aviv, visited Google’s headquarters to talk Tel Aviv technology with Silicon Valley’s Israeli compatriots. Huldai hosted a dialogue about the Tel Aviv Global City initiative to position the city as a global center of business and culture.
Richard Branson sells Israeli water filters
UK entrepreneur Richard Branson is marketing Israel’s Strauss water filters as “Virgin Pure”. The device sits on your kitchen surface and dispenses filtered hot or cold water on demand. Branson hopes it will rival the Hoover vacuum cleaner as the gadget that changed British homes.