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December 28, 2014 / 6 Tevet, 5775
 
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Business and Economy
Facebook reportedly is considering shelling out $1 billion for the Israel-based Waze company
 

Posted on: May 9th, 2013

News & ViewsBusiness and Economy

Waze may be Facebook’s third purchase in Israel, not for the Waze maps but for the traffic it can generate through Facebook, at Google’s expense. But the buyout is far from certain.

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Posted on: May 9th, 2013

News & ViewsBusiness and Economy

Prime Minister Binyamin Netanyahu and his wife Sara visited the Great Wall of China on Thursday, allowing him to make the obvious comparison with Israel’s security fence, dubbed by leftists as the “Apartheid Wall. Unlike the Chinese Great Wall, the “wall” in Israel extends less than 10 percent of the total length of the fortification, […]

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Warren Buffett is paying $2 billion to complete a $6 billion purchase of the Israeli Isracar tool making company.
 

Posted on: May 1st, 2013

News & ViewsBusiness and Economy

Warren Buffett’s Berkshire Hathaway is paying $2.05 billion for the remaining 20 percent of IMC International Metalworking Co, otherwise known as Isracar, completing the buyout that began with the giant $4 billion purchase of 80 percent of the company in 2006. “We are delighted to acquire the portion of the company that was retained by […]

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Posted on: April 25th, 2013

News & ViewsBusiness and Economy

Canadian fertilizer giant Potash Corp. has given up on its $15 billion offer to buy Israel Chemicals following strong opposition in Israel, where fears also were raised that Potash would move some local production to Jordan. Potash, which already has a 14 percent stake in Israeli Chemicals, stated that although it maintains that the proposed […]

Israeli Finance Minister Yair Lapid addressing the Knesset, April 22, 2013.
 

Posted on: April 23rd, 2013

News & ViewsBusiness and Economy

It was that kind of a parliamentary confrontation, stormy, angry, and deliciously witty.

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Lobbyist Bill Clinton and Israeli lobbyist Ehud Barak
 

Posted on: April 18th, 2013

News & ViewsBusiness and Economy

Bill Clinton’s wealth is more than $55 million. He gets a double dividend as a paid energy lobbyist and being a “friend” of Israel by lobbying against the government’s taxing newly-found gas.

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fairway-market
 

Posted on: April 17th, 2013

News & ViewsBusiness and Economy

I think this means they're doing fabulously well.

A protester in front of the Greek parliament holds up a poster depicting German Chancellor Angela Merkel as a Nazi.
 

Posted on: April 14th, 2013

News & ViewsBusiness and Economy

There is no doubt Germanophobia exists, look at Greece, at Italy, even Ireland.

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Posted on: April 8th, 2013

News & ViewsBusiness and Economy

Bank of Israel Governor Stanley Fischer launched a new war on the falling shekel-dollar rate Monday and ordered the purchase of $100 million of greenbacks, soon after the rate dropped close to 3.59 shekels to the dollar for the first time in nearly two years. The massive purchase catapulted the rate from the 18-month low […]

 

Posted on: April 7th, 2013

News & ViewsBusiness and Economy

Claiming the 2-year budget concept a failure, the country will revert to the 1 year budget system.

The Israeli Tamar drilling rig, 56 miles off shore.
 

Posted on: March 30th, 2013

News & ViewsBusiness and Economy

The use of the gas will commence within 24 hours.

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Ramallah multi-million dollar mall runs up PA debts for Israeli electricity
 

Posted on: March 29th, 2013

News & ViewsBusiness and Economy

The wise men of Chelm have a nifty solution to pay off Palestinian Authority debts for electricity. Use funds collected for the PA or use US aid? Nope. Just make Israelis pay more for electricity.

 

Posted on: March 28th, 2013

News & ViewsBusiness and Economy

A billionaire from Turkey, whose relations with Israel have gone from bad to worse until last week’s attempt by Prime Minister Binyamin Netanyahu to end the crisis over the May 2010 flotilla clash, is to serve as the chairman of the new the Jerusalem Arbitration Center (JAC), set up to settle disputes between the Palestinian […]

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Outgoing Finance minister Yuval Steinitz (R) introducing his successor Yair Lapid. Steinitz, the Likud party and Netanyahu may regret giving Lapid this post.
 

Posted on: March 24th, 2013

News & ViewsBusiness and Economy

Undoubtedly, it would have been easier for the flashy television journalist to strut his right stuff as foreign minister.

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Street life in Manhattan, New York City
 

Posted on: March 11th, 2013

News & ViewsBusiness and Economy

An Israeli-made pill may be on its way to make the world slimmer. The “slim pill” to reduce obesity could go on the market as a medicine, with the help of a major pharmaceutical company.

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Posted on: March 7th, 2013

News & ViewsBusiness and Economy

The United States told Israel the sequester axe fell lightly on Israel and that the cut in military aid will amount to $144 million or 5 percent, instead of the originally planned 8 percent of the $3.1 billion aid program. Finance Ministry sources told the Globes business newspaper that “reliable sources” notified Finance Minister Yuval […]

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The New Chinese-Israeli Qoros compact sedan
 

Posted on: March 7th, 2013

News & ViewsBusiness and Economy

“Made in Israel” won’t appear anywhere in the new Chinese Qoros sedan, but blue and white brains are under the hood. Israel Corp, which is also behind an electric car, holds 51 percent of Qoros.

 

Posted on: March 4th, 2013

News & ViewsBusiness and Economy

New York Mayor Mike Bloomberg’s worth is now around $27 billion, according to Forbes, placing him as the 13th richest billionaire in the world. At the top of the list for the second year in a  row is Mexico’s telecom entrepreneur Carlos Slim Helu and his family, whose worth is an astonishing $73 billion. Oracle […]

 

Posted on: March 3rd, 2013

News & ViewsBusiness and Economy

Finance Minister Yuval Steinitz expressed concern Sunday that U.S. financial difficulties would affect Israel’s economy. “We are very worried about the financial difficulties in the U.S., and I hope they won’t hurt us,” he said at the weekly Cabinet meeting. Steinitz’s comments came after Obama on Friday night ordered $85 billion in automatic, across-the-board cuts, […]

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Posted on: February 28th, 2013

News & ViewsBusiness and Economy

The Canadian Potash fertilizer company is determined to buy Israel’s huge Israel Chemicals Ltd. (despite opposition among lawmakers and employees of the Israeli company. Over 20 Israeli lawmakers met in Jerusalem Wednesday to discuss the issue, with some voicing strong opposition to the deal, according to Bloomberg. “The sale of ICL to a foreign company […]

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