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Globes: Intel buying Mobileye for $15b

Published on Mar 14 2017 // Business and Financial News, Market
13 March, 2017 13:16 – The deal is the biggest ever exit in the history of Israel’s high-tech industry. US semiconductor giant Intel is buying Israeli vehicle safety and automation systems company Mobileye (MBLY). Market sources put the size of the deal at $15 billion, which makes it the...

Reuters | Shekel’s gains a result of strong Israel economy: finance minister

Published on Mar 06 2017 // Business and Financial News, Market
Mon Mar 6, 2017 | 5:24am EST – The strong shekel is not a crisis but rather the result of a robust economy, Israeli Finance Minister Moshe Kahlon said on Monday. “Israel’s economy (in 2016) ended one of its best years ever and the strengthening of the shekel is a direct result of the...

Reuters: Partners in Israeli Leviathan gas field okay $3.75 bln investment

Published on Feb 23 2017 // Business and Financial News, Market
Thu Feb 23, 2017 | 2:43am EST – Feb 23 The partners in the Leviathan natural gas field said on Thursday they approved a $3.75 billion final investment decision (FID) in the first phase of the giant reservoir, the largest energy project in Israel’s history. The reservoir, located 100 kilometres...

Haaretz: Israel’s Economic Growth Surged 6.2% Higher in Fourth Quarter

Published on Feb 17 2017 // Business and Financial News
Feb 17, 2017 8:44 AM – Unexpectedly strong figure, which nears Chinese growth rate, causes shekel to strengthen against the dollar. Israel’s economy ended 2016 with a bang, as surging exports and higher consumer spending and investment boosted gross domestic product a preliminary 6.2% on an...

Globes: Teva Q4 results provide badly needed boost

Published on Feb 14 2017 // Business and Financial News, Economy, Market
13 Feb, 2017 17:18 – The Israeli pharmaceuticals company saw its share price jump after its financial results beat the analysts and it reaffirmed its 2017 guidance. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) was given a badly needed boost this afternoon by its fourth quarter...

New York Post: Why Israel has the most technologically advanced military on Earth

January 29, 2017, 12:37pm – In 1950, just two years after the state of Israel was founded, the country’s first commercial delegation set off for South America. Israel desperately needed trading partners. Unlike its Arab adversaries, Israel did not have natural resources to fund its economy....

Times of Israel: BMW, Intel, Mobileye pledge self-driving fleet by end 2017

The future is right around the corner, as partners join forces to convert recent significant advancements into fully autonomous driving BMW Group, Intel and Israel’s Mobileye said Wednesday that a fleet of about 40 autonomous BMW cars will be on the roads by the second half of 2017. The announcement,...

Washington Post: Israel harnessing sunshine with world’s tallest solar tower

Published on Jan 05 2017 // Business and Financial News
January 5, 2017, 2:17 am –  ASHALIM, Israel — In sunny Israel, solar energy supplies only a small percentage of the nation’s power needs, leaving it far behind countries with cloudier and colder climates. Now the fledgling solar industry is trying to make a leap forward with a large-scale...

Cleveland Jewish News: Ohio 14th state to pass anti-BDS bill

Published on Dec 20 2016 // Business and Financial News
December 19, 2016 – Ohio Gov. John Kasich signed a bill on Dec. 19 that will prohibit a state agency from contracting with companies that boycott or disinvest from Israel. House Bill 476 would require companies to sign contracts declaring they are not boycotting or disinvesting from Israel, which...

Nikkei Asian Review: Japanese companies show keen interest in Israeli startups

Published on Dec 15 2016 // Business and Financial News
Focus on cyber security, fintech and self-driving software. TEL AVIV — Investment by Japanese companies in Israel is soaring in expectations of tapping into technologies such as autonomous driving through a business partnership with local startups. The value of investment by Japanese firms totaled...