Latest News Israel

Going beyond street view

Friday, December 30th, 2011

Israel’s VisionMap makes advanced 3D aerial photo systems for applications from disaster relief to security to urban planning.  If you’ve successfully located a specific pizza parlor; the source of a forest fire; or an accident victim needing rescue, VisionMap may be the company to thank. The Israeli company founded by a computer-science whiz kid makes [...]

Identical Twins Saved After Separation Inside Womb

Friday, December 30th, 2011

Identical twins were separated in their mother’s womb through an innovative treatment in Israel. The twins were dying when their 25-year-old mother arrived at Hadassah hospital in Jerusalem and were saved through a procedure that penetrated the uterus and separated the twins’ shared blood vessels. “We are talking about identical twins sharing the same placenta, and [...]

Technion and Cornell to build campus in New York

Friday, December 30th, 2011

PM Netanyahu congratulates Technion on New York campus decision (Communicated by the Prime Minister’s Media Adviser) Prime Minister Benjamin Netanyahu spoke with Technion Executive Vice President and director General Dr. Avital Stein and congratulated her on the selection of the Technion, along with Cornell University, to build an applied science and engineering campus in New [...]

IEC agrees $8b gas deal with Tamar partners

Sunday, December 25th, 2011

As reported in Globes.co.il; The agreement was needed by Delek and Alon in order to receive bank financing to develop the Tamar gas field.  The Israel Electric Corporation (IEC) (TASE: ELEC.B22) board of directors this evening approved a $8 billion agreement to buy natural gas from the Tamar partners. The agreement concludes two years of negotiations [...]

Super strain argan oil now made in Israel

Sunday, December 25th, 2011

Argan oil, the much-in-demand product of the endangered Moroccan argan tree, is now available in a hardy ‘super’ strain developed in Israel. There isn’t much left for chefs to discover in this world. With cheap flights and international commerce, our global village has been combed over with a fork, quite literally. Most of the best [...]

Apple to Set Up Israel Development Center

Monday, December 19th, 2011

As reported in Globes.co.il: Aharon Aharon will head Apple’s first ever development center outside of its California headquarters. Sources inform “Globes” that Apple Inc. has decided to open a development center in Israel focusing on semiconductors. The decision was taken even before the company entered into talks to acquire Herzliya-based flash storage solutions provider Anobit [...]

Why Apple is Buying Israeli Company Anobit

Monday, December 19th, 2011

As reported in ZDnet: Calcalist says that Apple is making its largest hardware acquisition ever: Israeli firm Anobit. Who are they and what would they do for Apple? I’ve spoken to Anobit’s CTO, Avraham Meir, and studied the technology. Here’s what they’re buying – and why. If the story is correct, Apple is not only getting [...]

Summary of OECD 2011 Economic Review of Israel

Tuesday, December 13th, 2011

A report by the Economic and Development Review Committee (EDRC) of the Organization for Economic Co-operation and Development (OECD) on the State of Israel was released today (December 12, 2011). The report has provided focus-areas where further responsiveness is desirable, and scenarios where Israel has and continues to display economic resilience. Topics raised by the [...]

Agreement Signed to Expand the Financial Protocol with Vietnam to 250 Mil

Tuesday, December 13th, 2011

As reported in Port2port: In light of the strong demand for Israeli products in Vietnam, it was decided to increase credit lines to East Asia At a ceremony held today in the presence of the President of the State of Israel, Mr. Shimon Peres, the President of Vietnam, Mr. Truong Tan Sang, and the Deputy [...]

Government approves customs duties exemption on online purchases

Tuesday, December 13th, 2011

As reported in Port2port: The Israeli cabinet approved last week one of the Trajtenberg social reform committee report recommendations to increase market competition. The cabinet approved last week exempting from customs duties for online purchases of goods- ordered for private use and sent by either mail or air freight – from duty up to a [...]