Israel Active

Typical of any one of hundreds of Israeli high-tech companies, Magic Software Enterprises continued eight consecutive highly successful quarters with a 34% increase in revenue and a 60% increase in profit.

Israel’s Teva Pharmaceuticals and International giant Procter & Gamble have formed a joint venture called PGT Healthcare. It expects to generate $4 billion revenue by 2020.

Israel’s Composite State of the Economy Index increased by 0.3% from its August figure. Exports of Goods and Services rose, following declines in August.

The Government approved the set-up of a National Plan by May 2012 for “socio-economic growth and development that promotes the efficient, cost-effective and lasting use of natural resources”. The goal is to generate billions of shekels for the Israeli economy, as well as to save billions combating environmental and health hazards.

The gourmet chocolate scene in Israel is expanding and boutique chocolatiers are going international with their fine hand-crafted delights.

Noble Energy has announced a natural gas discovery at the Karish prospect in the Alon C license, with a gross mean of 1.8 trillion cubic feet (TCF) of gas. Total discovered gas in the Levant Basin is now estimated at 38 TCF.

Israel’s Ormat Technologies, has signed a power purchase agreement to develop, own and operate a 10 MW solar photovoltaic (PV) power station in Imperial Valley, California. The project will generate approximately 24,500 annual megawatt-hours of energy.

In this list, the top company has grown six thousand percent in the last five years.

The Central Bureau of Statistics’ Consumer Prices Index for September fell by 0.2% due to lower food prices. Fresh fruits cost 16.5% less than the previous month.