Middle East > Israel > Press Releases

Israel News

  • Ethiopian Israelis Could Be Israel’s Best Ambassadors In Africa

    ISRAEL, 2016/06/28 Until recently, Israeli efforts in Africa have been notable but have not been deployed to scale. With Prime Minister Benjamin Netanyahu set to visit four East African nations this summer, there is a golden opportunity for Israel to strengthen diplomatic, humanitarian and commercial ties with the continent. Only 3 % of Israeli trade today is with Africa.

  • Izzy Tapoohi spotlights some of the factors contributing to the phenomenal success and value of Israel Bonds.

    ISRAEL, 2016/05/16 Israel “Izzy” Tapoohi’s five-year term leading the Development Corporation for Israel – better known as Israel Bonds – has been unquestionably consequential. In that time period, the broker-dealer has gone from underwriting and selling $600 million worth of Israeli government bonds in the US annually to yearly domestic sales exceeding $1 billion. The 65-year-old organization has been transformed from a specialty investment vehicle primarily for supporters of Israel into a significant option for investors looking to balance and diversify their portfolios. With six months left before he steps down and turns the reins of Israel Bonds over to Israel Maimon, a former cabinet secretary, Tapoohi talked to What has changed over the course of his term, the accomplishments he is proudest of, and why he thinks Israel’s economy is still a great bet.

  • Teva set to win EU okay for $40.5-billion Allergan deal

    ISRAEL, 2016/04/16 Teva Pharmaceutical Industries is expected to win EU antitrust approval for its $40.5-billion (U.S.) (£24.4-billion) bid for Allergan’s generics unit next agreeing to sell off some of its products to appease regulators, three people familiar with the matter said on Wednesday. Teva, the world’s biggest generic drugsmaker, will divest some drugs by presently on the market and others in the pipeline to address competition concerns by the European Commission, the people said. The package includes products from both Teva and Allergan.

  • Streaming Giant Netflix Comes to Israel

    ISRAEL, 2016/02/14 The online streaming website Netflix announced on Wednesday that it was expanding its availability to 130 additional nations, inclunding Israel, causing millions in the country to rejoice as the long-awaited service finally arrived. Before available in only 60 nations worldwide, Netflix, the world’s leading streaming site with 70 million subscribers, was launched in the US in 2007 and expanded to Canada, Latin America, Europe, Australia, New Zealand and Japan, leaving most of the world without access.

  • NASDAQ Teams Up with Tel Aviv Stock Exchange to Nurture Israeli Start-Ups

    ISRAEL, 2016/02/13 The Tel Aviv Stock Exchange (TASE) and NASDAQ, the world’s second-major stock exchange, announced a joint venture on Tuesday to build a private market for Israeli startup companies before they go public. The venture, which will be based in Tel Aviv, will be run by management selected by both exchanges. It will provide Israeli startups with strategic counseling and mentoring, exclusive networking, and a private, secondary market for financing, in an effort to help small Israeli companies get the support they need to face the challenges of building a business in Israel’s difficult market.

  • Experts Downplay Israeli Mission Closings, Say U.S.-Israel Bonds Not Affected

    ISRAEL, 2016/02/13 Israel’s Foreign Ministry on Wednesday announced the next closure of five diplomatic missions abroad due to budgetary considerations. Despite the Israeli consulate in Philadelphia’s presence part the closures, public policy experts say the development will not adversely affect U.S.-Israel relations. “In the last decade a lot of nations, inclunding the United States, have closed consulates. It’s at no time a good thing, but we should not exaggerate the impact. This will have no impact on U.S.-Israel diplomatic or political relations,” Elliott Abrams, a senior fellow for Middle Eastern Studies at the Council on Foreign Relations think tank inclunding a former official in the George W. Bush and Ronald Reagan presidential administrations,

  • Israeli Exports to US Down, Up Elsewhere

    ISRAEL, 2016/02/13 In advance of the Foreign Trade Conference that takes place in Israel Wednesday, the Economy Ministry published the Israeli exports data, revealing that the market that has shown the sharpest increase in absorbing Israeli exports was China, rising from 2% of Israel’s in general exports to 6%. The Turkish market has as well shown a significant increase. However, the US market has experienced a relative drop: in 2000 the US bought 32% of Israel’s exports, presently they’re down to only 24%. The Asian markets have as well gone down, with the exception of China and India.

  • Despite Anti-Israel Stances, European, Asian Countries Clamour to Buy Israeli Wines

    ISRAEL, 2016/02/13 As the Israeli wine industry continues to expand, additional international markets are opening up to the variety of wines that Israel’s winemakers have to offer. The 2016 Sommelier Wine Exhibition, organized by the Israel Export Institute (IEI) featured 80 different Israeli wineries that displayed their goods in Tel Aviv’s Culture Palace on Wednesday, January 27. The exhibition drew representatives from around the world who attended the event, with several signing contracts with Israeli wineries.

  • By Improving Access To Basic Necessities, Israeli Technologies Transform Africa, Save Lives

    ISRAEL, 2016/02/12 Israeli innovation has long been the center of attention – products like the USB flash drive or the electric epilator, inclunding apps like Waze and Viber, are used by millions of people around the world. However, Israeli-developed technologies that help rural societies in Africa don’t always receive the attention they deserve, even though they’re saving the lives of millions.

  • January budget booms to NIS 3.9 billion surplus on tax revenues

    ISRAEL, 2016/02/09 The Finance Ministry's January budget statement, which typically exhibits a surplus for seasonal reasons, showed a hefty NIS 3.9 billion surplus resulting from unusually high tax revenues. The in general 2016 budget plans a NIS 35 billion deficit, amounting to 2.9% of GDP. The rolling deficit over the last 12 months stood at just 2.2% of GDP, higher than the final deficit for 2015, which stood at 2.15% of GDP. The revenue haul for the month came out at NIS 27.4 billion, a nominal 7.8% higher than last January. Expenses came out at NIS 23.8 billion, plus an extra NIS 4.3 billion in deficit payments and 0.1 billion in National Insurance payments.
Trending Articles