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? Wednesday, June 20, 2018


Israel Defense Ministry: New US Aid Agreement May Crush Israeli Firms

Every U.S. dollar of foreign aid must be spent on items from U.S. companies. Israel may seek an amendment to the agreement under the new American administration.

Air India Direct Flight to Land in Tel Aviv Thursday

The Tourism Ministry’s Inbound Tourism Survey shows that the Indian tourist stays an average of 6.2 nights in Israel, spending on average $1,066.

Rafael Reveals Products on Display at India’s Land, Naval & Homeland Security Systems Exhibition

Defexpo India prides itself on "clearly steering the path of steady growth" in the business of killing enemies. The 2016 exhibition was attended by 63 delegations from 58 countries.

Elon Musk Tells Netanyahu ‘Negev is Israel’s Energy Future’

"You could spread solar systems here [in the Negev] that would give you more energy than you need or could need. Clean energy," Elon Musk told Netanyahu.

Bad News: 2017 Data Show Dramatic Drop in Construction Starts

During the same period in 2016 there were 13,829 new apartment starts, reflecting a 26.3 percent decline over a 12-month period.

Gies College ‘James Scholars’ Visit Israel to Learn Business Tools from ‘Innovation Nation’

"This unique program kick-starts their learning and gives them the tools they need to continue our University’s legacy of innovation.”

KLA-Tencor to Purchase Yavne Based Orbotech for $3.4 Billion

Orbotech was founded in 1981 by a team of engineers at Electro-Optical Industry led by Shlomo Barak, who was developing electro-optical systems for military use.

Israel to Get Shorter Working Week

Israelis currently work among the highest number of hours among OECD member nations.

Israel is First Country to Grant Health Ministry ‘Medical Device’ Certification for Cannabis Vaporizer

Kanabo has also initiated pre-clinical trials on its first patented formula to test its efficacy in treating sleep disorders.

Cloudflare Data Center Comes to Tel Aviv

According to its site, Cloudflare makes websites, Saas products, mobile apps, e-commerce stores, and APIs all faster and safer.

2019 Israeli Budget Increases Spending on Unprecedented Scale – While Lowering Taxes

The budget for next year will stand at 479.6 billion shekels ($140 billion), an increase of 4.3% compared to the 2018 budget, and an increase of 24.9% compared to the 2015 budget.

Elbit Gets $65 Million Contract Providing Search and Rescue to Asian-Pacific Country

Elbit will install Airborne Locator Systems and Emergency Locator Transmitters onboard various mission aircraft and rotorcraft platforms in use by the customer’s Air Force, Army and Navy,

Israeli Researchers Warn Many Common Smart Devices Easy to Hack

"We hope our findings will ... help alert both manufacturers and consumers to the dangers inherent in the widespread use of unsecured IoT devices."

Plan Slowly Progresses for Southern Railway to Gaza

"Implementation of the double rail, which comes off of the Ashkelon-Be'r Sheva line, would dramatically reduce the cost of transporting cargo that is now trucked to and from Gaza."

Tourism Ministry Launches Negev Initiative to Entice Tourists to Southern Israel

The contest is taking place in Finland, Sweden, Germany, Poland and Spain with the target tourist population being millennial independent travelers seeking that “off-the-beaten-path experience.”

Israel to Tax Electronic Cigarettes as Regular Cigarettes

The move came after a year-long struggle by the Israeli “Avir Naki” (“Smoke Free Israel” organization and Likud MK Yehuda Glick.

OECD: Israeli Economy’s Performance ‘Remarkable,’ But Reforms Needed to Curb Inequality, Raise Living Standards

“The Israeli economy has grown faster and more consistently than nearly any other in the OECD for the past 15 years.”

Thank You, Mr. Kahlon – You Finally Killed Israel’s Real Estate Business

Summing up the past year, the share of investors in real estate purchases declined, adding up to only 17,400 apartments, a sharp drop of 22% compared to 2016, which marked its own sharp decline of 29% compared with 2015.

First Disneyland-Style Park with Own Nuclear Bombs Planned for Dimona

Malul insists that the World of the Jewish Nation will not feature Jewish tradition, and instead will present “life and what surrounds us with values that are not only Jewish but universal.”

Finance Minister Ups Ante: By Passover Seder, No Budget – No Kahlon

In response, UTJ Chairman Moshe Gafni said during a Knesset Finance Committee discussion: "Then there will be a Seder night without a finance minister."

Air India Signs Deal to Fly Over Saudi Arabia En Route To & From...

The direct flight between Tel Aviv and Mumbai will take the same amount of time when traveling through Saudi airspace as it does from Tel Aviv to London.

Knesset Calling on Germany, Israel, to Raise Pensions of Survivors ‘Who Can’t Live in...

According to the Holocaust Survivors' Rights Authority at the Finance Ministry, some 6,200 Holocaust survivors who live in Israel receive pension payments from Germany.

Israel Bank at War with Merrill Lynch, Morgan Stanley, over Shekel Speculative Buying

The result of the bank's exceptionally large single purchase was a steep decline in the value of the shekel, from just over 3.3 NIS to the dollar to as much as 3.5.

Leonardo DiCaprio Partner in Herzlia Luxury and Marina Hotel

The Herzlia hotel will comply with the US Green Building Council (USGBC) and be certified by its Leadership in Energy and Environmental Design (LEED) green building rating systems.

No Gasoline or Diesel-Run Car Imports to Israel After 2030, Says Energy Minister Steinitz

By 2030, the Energy Ministry is aiming for production of electricity using a mix of 83 percent natural gas and 17 percent renewable energy “with zero pollutants.”

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