Norway’s Fund Reinstates Boycott of Israeli Firms Linked to Yesha

Posted on: January 30th, 2014

Norway has reinstated its 2010 boycott of two Israeli companies because their operations included activities in Judea and Samaria, The Wall Street Journal reported Thursday. The Finance Ministry of Norway also said it secluded an Indian copper and metal producer due to “an unacceptable risk of serious environmental damage and serious violations of human rights.” […]

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Israeli Biotech Firm’s Diabetes Drug Passes FDA Phase 2 Trial

Posted on: January 30th, 2014

The U.S. Food and Drug Administration (FDA) has reported positive results in its Phase 2a trial of an oral insulin capsule produced by Israeli-based Oramed. The drug is for the treatment of Type 2 diabetes. The Phase 2b study will be carried out later this year, and Oramed also plans a Phase 2a study for […]

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Scarlett Johansson Left Oxfam

Posted on: January 30th, 2014

Johansson and Oxfam "have a fundamental difference of opinion in regards to the boycott, divestment and sanctions movement."

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Prime Real Estate Opening for Housing on Dismantled IDF Camps

Posted on: January 28th, 2014

It's a boom: some 100,000 housing units will replace military camps in the high-value center of Israel.

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Lockheed Martin to Help Launch Cyber Security Program in Israel

Posted on: January 26th, 2014

Lockheed Martin and EMC Corp. announced on Sunday an agreement to invest in cyber security and other technology projects based in the new Advanced Technologies Park at Ben Gurion University . The official launch ceremony for the agreement will take place tomorrow in Tel Aviv on Monday at the CyberTech 2014 International Exhibition and Conference. […]

Intel Says It Exported $35 Billion from Israel in 40 Years

Posted on: January 26th, 2014

Intel is celebrating its 40th year in Israel with a report that it has exported one billion silicon processors worth $35 billion . Last year, $3.5 billion worth of Intel products were exported from Israel, said the chip-making giant, which has received from the government billions of dollars in grants and enticements to locate and […]

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Yahoo CEO Marissa Mayer to Visit Israel in July

Posted on: January 22nd, 2014

Yahoo President and CEO Marissa Mayer told Prime Minister Binyamin Netanyahu in Davos Wednesday that she expects to visit Israel in July. Meeting at the 014 World Economic Forum Annual Meeting, the Prime Minister told her that whereas major powers were once measured in terms of territory, today they are measured by the number of […]

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Larry King Teams Up with Technion to Promote Israeli High Tech

Posted on: January 21st, 2014

Former CNN host Larry King and the Haifa-based Technion Institute are establishing the Israel Silicon Valley Chambers of Commerce to promote Israeli high tech and encourage multinational companies to open R&D centers in Israel. King will help finance the project with a $600,000 investment. The new chambers of commerce will be launched next month in […]

Netanyahu to Address Davos Forum on ‘Israel – Innovation Nation’

Posted on: January 21st, 2014

Prime Minister Binyamin Netanyahu will travel Wednesday to the 2014 World Economic Forum in Davos, where he will deliver an address under the heading “Israel – Innovation Nation,” with an emphasis on the cyber industry. He also will attend the IT session, in the presence of Cisco CEO John Chambers, and a cyber session that […]

Al Shabaka: Palestinian Business the Enemy of Palestinian Statehood

Posted on: January 21st, 2014

While most Arabs living under "occupation" are struggling to survive, Palestinian capitalists are thriving.

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Int’l Flavors to Buy Kibbutz Suppliers for $88 Million

Posted on: January 16th, 2014

The U.S.-based International Flavors & Fragrances (IFF) firm is buying Aromor Flavors, half-owned by Kibbutz Givat Oz, which is located southeast of Haifa. Former executives ion the Makhteshim phosphates and  chemical giant own the other half of Aromor, which manufactures and markets specialty ingredients that are used in fragrances and flavors. “We expect Aromor, with […]

Teva Names New CEO Three Months after Firing Jeremy Levin

Posted on: January 9th, 2014

Teva Pharmaceutical announced on Thursday that its new CEO will be Erez Vigodman, who until now has been the CEO for the huge phosphate and chemical producer Makhteshim Agan Industries. Vigodman replaces Dr. Jeremy Levin, who moved to Israel two years to take over the world’s largest generic drug company, which has been faltering since […]

Sinking Shekel-Dollar Rate Good News for Israelis Visiting the US

Posted on: January 1st, 2014

How low can you get? The shekel-dollar rate sank to a 28-month low Tuesday, and a dollar now is worth only a tad more than 3.46 shekels, compared with 3.50 shekels  a week ago and 3.75 a year ago. A shekel now is worth 29 cents, compared with 25 cents a year ago. That means […]

Lapid Puts Cheeses under Price Control; Consumers Say ‘So What?’

Posted on: December 30th, 2013

Finance Minister Yair Lapid called a press conference to announce great news for consumers – soft white cheese and whipped cream now will be under price control. Lapid’s move is a belated populist reply to the :”cottage cheese” protests of three summers ago, but Monday’s publicity stunt did not make an immediate positive impression on […]

Israeli Tax Authority Kills the Next Great Startup

Posted on: December 24th, 2013

In their eagerness to catch a few cheating taxi drivers, did the Tax Authority destroy the reputation of a promising Israeli start-up?

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Authority, Shmothority, Is Hebrew National Meat Kosher?

Posted on: December 24th, 2013

One judge wondered how meat could be considered kosher, if the employees of the kosher slaughtering firm "just passed on the cows."

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Four of Top Ten Net Worth Gainers Are Jewish

Posted on: December 23rd, 2013

Jews make up four of the 10 biggest gainers in net worth in 2013, as listed by Forbes. Among the Jews are Google co-founder Larry Page, whose mother was  Jewish, who was raised without religion and who intermarried. The biggest jump in bank accounts was that of gambling casino mogul Sheldon Adelson, whose net worth […]

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Knesset Bill Aims at Google to Pay Royalties on Israeli Content

Posted on: December 17th, 2013

Google will have to pay 7 percent on revenue from Israeli Internet content that is copyrighted if the Knesset approves a bill submitted by Labor Knesset Member Erel Margalit and now under discussion in the Knesset Finance Committee. The proposed legislation calls for the royalties to be deposited in an account managed by the Finance […]

Off-Shore Oil Field May Contain 3 Billion Barrels of Oil

Posted on: December 17th, 2013

Noble told analysts that drilling will not begin before the end of next year.

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Court Approves Haredi-Led Consortium to Take Over IDB Conglomerate

Posted on: December 17th, 2013

A Tel Aviv court Tuesday has rejected arguments from embattled billionaire Nochi Dankner and has given its stamp of approval to allow a consortium, led by a South American Haredi businessman, to take control of the mammoth IDF holding company. Dankner’s lawyers said they are considering whether to appeal the decision that accepted a creditors’ […]