Intel navigates another Israeli buy-out
Chipmaker Intel Corp. has agreed to acquire Israel-based mobile navigation software maker Telmap. Israeli media said Intel was paying about $300 million.
Israeli biotechs hit the China road
Eleven Israeli life-science companies, plus Israel’s Chief Scientist, embarked on a road show in China. US investment is at a premium and China offers big funding opportunities.
Angola buys broadband from Israel
Israel’s Alvarion has won a $2 million order from Angola Communications Systems for its high-speed wireless broadband network within the capital, Luanda.
Abercrombie & Fitch to open in Israel
The American fashion retail chain is on its way to Israel.
eBay buys Israeli startup The GiftsProject
The GiftsProject has created a social commerce application, enabling users to vote, comment and buy a gift together as a group. It will become eBay’s Israel Social Centre.
“Safer investments in times of uncertainty”
That’s the view from Barclays Capital regarding Israeli technology stocks. Among its tips are Amdocs, Ceva, EZchip, Mellanox and NICE. (NB no advice from me)
Citigroup to set-up R&D centre in Israel
The US bank is already seeking high-tech employees for the centre, which will receive a NIS 93 million five-year Israeli government grant.
Another improvement
Israel’s latest Consolidated State of the Economy index increased by 0.3% in August. July and June’s CSE historical indices were also adjusted upwards to reflect latest revised statistics.
Brazil and Israel develop UAVs together
In a joint venture, Israel’s Elbit Systems will build Unmanned aircraft systems, avionics and simulators in Brazil’s capital Brasilia.