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The Economist: Arabs and Jews in high-tech Israel–Bring them together

Published on May 16 2013 // Business and Financial News, Business and Innovation
May 18th 2013 | NAZARETH–ON A biblical outcrop overlooking the Jezreel valley near Nazareth, Israel’s largest Arab town, a state-of-the-art complex has opened its doors to high-tech companies. “We’ll be famed for computing as well as Jesus,” quips Ramez Jaraisi, mayor of the city where...

Globes: Caesarstone signs IKEA US deal

Published on May 16 2013 // Business and Financial News, Business and Innovation
16 May 13 16:16–Engineered quartz surfaces maker Caesarstone Sdot Yam Ltd. (Nasdaq: CSTE) has signed a contract with IKEA US to be its exclusive supplier of non-laminate countertops. Caesarstone said that the contract would have no material effect on its results in 2013, and was taken into account...

Globes: 2.8% Q1 growth dispels slowdown fears

Published on May 16 2013 // Business and Financial News, The Daily Pick
Globes: 2.8% Q1 growth dispels slowdown fears
16 May 13 13:33–Israel’s GDP rose by an annualized 2.8% in the first quarter of 2013, up from 2.6% in the preceding quarter, the Central Bureau of Statistics reported today, dispelling concern that the country is heading for a slowdown. In addition, private consumption rose by an annualized...

Globes: Lapid: Budget buys insurance economy won’t collapse

Published on May 16 2013 // Business and Financial News, Economy
16 May 13 12:08-”I will keep my promises. I will protect the middle class, and part of this is to ensure that the economy and all the services won’t collapse,” Minister of Finance Yair Lapid told “IDF Radio” (Galei Zahal) today. “Riki Cohen will lose NIS 290 from her monthly...

JPost: EMC World 2013: ‘Lead your transformation’

Published on May 16 2013 // Business and Financial News
05/16/2013 10:34-LAS VEGAS – Over 15,000 people descended on Las Vegas last week for EMC World 2013, the annual technology conference for industry leader EMC. The theme this year is “Lead your transformation,” with the hot topics being big data, security and cloud storage. EMC is the industry leader...

Globes: Thu: Mellanox and Teva lead market gains

Published on May 16 2013 // Business and Financial News, Market
16 May 13 16:56-The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.92% to 1,215.76 points, and the Tel Aviv 100 Index rose 1.12% to 1,089.06 points, and the BlueTech 50 Index rose 2.27% to 303.74 points. Turnover was NIS 1.32 billion. The TASE rose today, despite losses on European...

Globes: Significant signs of gas at Karish 1 well

Published on May 16 2013 // Business & Financial News: Middle East, Business and Innovation
16 May 13 09:37-Noble Energy Inc. (NYSE: NBL) and Delek Group Ltd. (TASE: DLEKG) have announced that significant signs of natural gas have been found in the target strata of the Karish 1 well in the Alon C license. The target strata are at a depth of 4,790 meters, including the depth of the water. “The...

Aaron Katsman, Seeking Alpha: Israeli Budget Cuts? Not Exactly

Published on May 15 2013 // Opinion
Published May 10, 2013–So after many zigzags and leaks to the media we finally get to see Finance Minister Yair Lapid’s budget. The headlines are screaming about the draconian budget cuts. In fact the Finance Ministry refers to this being the “biggest spending cut ever imposed.” Well, let’s...

Avi Temkin, Globes: Fischer stings shekel speculators

Published on May 14 2013 // Opinion
Published 13 May 13 16:51–Officially, today’s unexpected measures by Governor of the Bank of Israel Prof. Stanley Fischer are intended to combat what is known as the Dutch disease – a structural strengthening of the exchange rate following the discovery of natural resources. The direct...

Ynet: Nice sees boost after Boston bombing

Published on May 14 2013 // Business and Financial News, Business and Innovation
05.14.13, 09:10–Israel-based software provider Nice Systems expects an increase in demand for its video analysis systems in the wake of the Boston Marathon bombing, where suspects were tracked down from security camera footage. Nice has benefited from growing demand for tools to delve into large...
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