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17 Adar I 5779 -
? Thursday, February 21, 2019


IKEA Israel to Open Small Store, Its Fifth One, in Tel Aviv

With just 21,500 square feet of floor space, it will focus on kitchens.

Terrorists Attack New Rami Levi Mall in Northern Jerusalem

The mall is a typical Rami Levi project, the epitomy of coexistence, with Jews and Arabs buying, selling and working together.

Rafael Sold US Army ‘Windbreaker’ Vehicle Defense System for $200 Million

The radar scans 360 degrees around the vehicle, and as soon as it detects a threat, it analyzes it and launches metal spheres that break the attacker while it is still in the air.

Elbit Awarded $15 Million Contract to Secure Karish-Tanin Floating Platform

The contract will be performed over an approximately two-year period.

Bank of Israel Keeps Rate Unchanged at 0.25%

The Monetary Committee has also cut the GDP growth forecast for 2019 from 3.6 percent to 3.4 percent.

Looking for Help Folding Laundry? Here’s An Idea from California

The robot doesn’t do baby clothes, and it doesn’t fold big items like bedclothes. It doesn’t come cheap, either: the price tag is $980.

Israel’s Monetary Committee Keeping Interest Rate at 0.25%

In the past six months, the annual inflation rate has ranged between 1.2% and 1.4%. In the coming months, inflation is expected to range around the lower bound of the target.

Trump WH Riding Israel Hard on Chinese Hi Tech Investments

"They just blew up at us," senior Israeli officials said last November about a meeting with US officials about the increased Chinese involvement in large-scale infrastructure projects in Israel.

Rami Levi Shopping Mall to Open in Northern Jerusalem

The new mall will feature about 50 stores in a space of some 25,000 square meters, built at a cost of approximately $53 million.

HSBC Divesting From Elbit Over Cluster Bombs, Not BDS

“HSBC has a banking operation in Tel Aviv and provides banking services to numerous Israeli companies. We have every intention of continuing to do so,”

Israeli Tech Companies Raise Record $6.1 B. in 2018

Israeli high-tech companies raised a record $6.1 billion in 623 deals in 2018, an increase of 16.5 percent compared to the $5.24 billion attracted in 2017.

Netanyahu, Chilean Pres. Pinera Meet in Brazil

Netanyahu told the Chilean president that he welcomes the opening of a direct route from Santiago to Israel.

Not So Fast: HSBC Bank May Not Be Boycotting Israel After All

“We have not gotten any note in this regard from HSBC, so I have to refer you to HSBC to see if there is any factual basis to the report you mention.”

IAI Producing Wing Components to Make F-35 Stealth Fighter Jets Invisible to Radar

The manufacturing process uses a state-of-the-art technology ... called Automatic Fiber Placement.

El Al to Launch Direct Flights from Las Vegas to Israel

“In recent years, Las Vegas has become attractive for the Israeli leisure travelers and among the business sector due to the many conferences and exhibitions held in the city,” said El Al CEO Gonen Usishkin.

Israel Grants $185 Million to Intel for Kiryat Gat Expansion

The new government grant is conditioned on Intel’s commitment to hire 250 new employees, as well as business arrangements with local vendors and retailers to the tune of NIS 2.1 billion ($555 million) a year.

Netanya Hi-Tech Company Raised $500,000 to Solve Irish Cow Pollution

The CropX recommendations will allow the dispersion of manure in optimal locations to improve grassland growth and reduce pollution.

Report: Virgin Airlines to Transport Eurovision Fans from UK, Launch Israel Route

Earlier this month, Israeli-born Shai Weiss was named as Virgin Atlantic's new CEO.

New Bank of Israel Governor: I Will Use Interest Rates To Direct Monetary Policy

"The current inflation target, within which the Bank of Israel operates, is a range of 1–3 percent per year."

US Fundraising Site Donorbox Shuts Down BDS Account

“Fundraising is oxygen to terrorists; we will use every legal way possible to choke off every platform they use to raise funds,” said Shurat HaDin president Nitsana Darshan-Leitner.

Sodastream Planning to Open Factory in Gaza

Sodastream CEO Daniel Birnbaum said simply, "Where there is prosperity, there can be peace."

Israel’s 2019 Price Increases Slashed Almost in Half

Israeli citizens are expected to go to the polls some time next year, and so far, Kahlon's Kulanu party is scratching the four-seat threshold in most public opinion surveys.

Netanyahu Tells Business World He Hopes to Prevent Second Yad Vashem, Maintain Free Market...

"Iran is responsible for almost all of the security problems that the State of Israel has."

Israel-Greece-Cyprus Summit to be Held in Be’er Sheva

The summit is to focus this time on cyber and innovation.

‘Yellow Vests’ Threaten Knesset Committee: Israelis Will Hit the Streets If Electricity Goes Up...

Last week, Israel's Electricity Authority announced a rise in the cost of electricity to consumers in 2019 of between 6% and 8%.

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