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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...

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...

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,...

Times of Israel: Airline group seeks Israeli tech to improve travel

October 31, 2016, 12:45pm – British Airways’s parent company, IAG, searching for sabra startups to join accelerator program for aviation industry. Sometimes taking a flight can be a torment and arriving at a gate a real odyssey. Many flight companies are investing significant amounts of money...

Globes: Jordan signs $10b Leviathan gas deal

Published on Sep 26 2016 // Business and Financial News, Market
September 26, 15:03 – Leviathan partners have signed a huge agreement to provide Jordan’s National Electric Power Company with 45 BCM of natural gas. Trading was suspended in the shares of the Leviathan partners today, after they announced that a huge deal for the sale of natural gas to Jordan...

Bloomberg: Bank of Israel Holds Interest Rate Amid Economic Improvement

Published on Sep 26 2016 // Business and Financial News, Economy, Market
September 26, 2016, 9:06 AM EDT – The Bank of Israel held its interest rate at a record low as the economy picked up steam, and raised its economic growth forecasts for this year and next. The central bank’s monetary policy committee left its benchmark interest rate at 0.1 percent for a 20th...

Globes: Teva completes $40b purchase of Allergan generics arm

Published on Aug 03 2016 // Business and Financial News, Market
August 3, 2016, 8:21 am – CEO of Israeli drugs giant says deal, which puts it among top 10 global pharmaceutical firms, won’t push up medicine prices. PETAH TIKVA (AFP) — Teva Pharmaceutical Tuesday completed its $40 billion acquisition of the generics arm of rival Allergan, a move the Israeli...

Canada Free Press: Israel’s economy – an island of stability

Published on Jul 29 2016 // Business and Financial News, Economy, Market, Opinion
July 28, 2016 – According to a study conducted by the University of Lausanne, Israel is one of the top five world high-tech powers, as indicated by a 2015 $1bn investment, in Israel, by Apple, creating a hardware development center. The USA, China, Russia and India are, actively, soliciting high-tech...