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Business / Trade in Israel

  • 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.

  • Israel, Egypt sign letter of intent for Leviathan natural gas export deal

    ISRAEL, 2015/11/26 The partners in the Leviathan gas discovery, Ratio Oil Exploration, Avner Oil and Gas LP and Delek Drilling, along with US company Nobe Energy, statement this morning that a non-binding letter of intent has been signed between Leviathan and Egyptian company Dolphinus Holdings in which the sides confirmed their intention of negotiating an agreement for the supply of gas from Leviathan to Dolphinus via the existing gas pipeline operated by EMG in Egypt. The basis for negotiations is an estimated supply of not additional than 4 BCM (billion cubic meters) of gas annually for 10-15 years. The intention is to transport the gas via the Israel Natural Gas Lines system to Ashkelon and from there to Egypt via EMG's pipeline. According to the statement, the price of the gas that will be set will be similar to prices in other agreements for the export of gas from Israel to regional markets, and will be linked to the price of Brent crude oil, inclunding a floor price.

  • Israeli PM Netanyahu Returns From 3-Day Trip To US

    ISRAEL, 2015/11/17 Israeli Prime Minister Benjamin Netanyahu left the United States early Thursday next a three day visit to the ally country, Israeli media reported. The visit — the PM’s initial to the US since the Iran nuclear transaction was finalized — included a conference with US president Barack Obama that Netanyahu deemed during a press briefing as “one of the best meetings” to take place between the two leaders. Despite a series of recent diplomatic blow-ups between the two parties, Obama told Netanyahu during a Monday conference that he hoped to get a “chief start” planning next aid to Israel.

  • Polish Members of Parliament Voice Public Support of Israel

    ISRAEL, 2015/06/07 This completed week, the Polish Parliamentary Israel Allies Caucus was launched at the Polish parliament, known as the Sejm in Warsaw. An Israeli delegation from the Knesset Christian Allies Caucus (KCAC) and the World Jewish Congress (WJC) was in Warsaw on Monday, June 1 to launch the new caucus. “As anti-Semitism continues to rise in Europe and around the world, I was moved to witness this historic initiative by members of the Polish parliament to publicly support the Jewish National,” said former member of Knesset, Shai Hermesh, who is the current chairman of the Israeli branch of the World Jewish Congress during the launch.

  • Israel’s relationship with India has long been a quiet affair

    INDIA, 2015/06/06 Israelis who have met Narendra Modi, India’s newly elected prime minister-designate, gush about him and what he means for Israel. At a recent event at the Institute for National Security Studies, in Tel Aviv, he was described in glowing terms: “outgoing”; “assertive”; “extremely, extremely clever”; and “very tachles, very direct, very Israeli.” Part the calls Modi received congratulating him on his win last week was one from Israeli Prime Minister Benjamin Netanyahu, who told his cabinet at their weekly conference that Modi had replied by expressing the desire to “deepen and develop economic ties with the national of Israel.”

  • Azerbaijan and Israel have engaged in intense cooperation since 1992

    AZERBAIJAN, 2015/05/15 The cooperation between Israel and Azerbaijan was mulled as Vasif Talibov, the chairman of the Supreme Assembly of the Nakhchivan Autonomous Republic met with Rafael Harpaz, the Israeli ambassador to Baku. Talibov emphasized successful development of the bilateral relations between Israel and Azerbaijan and wished the diplomat each success for his next diplomatic mission in Azerbaijan.

  • Celebrating the bond between India & Israel

    INDIA, 2015/05/10 On the occasion of Israel's 67th Independence Day celebration in the capital, Daniel Carmon, ambassador of Israel, spoke to the guests about the strong ties between the two nations. With a appropriate mention to Lt.General (retd) JFR Jacob, he said, "I'd like to pay tribute and to recognize General Jacob, an Indian war hero, a proud Jew and a friend of Israel. At 67 we still feel young and vibrant. We invent, we create and we innovate. We serve as a bridge between the East and the West. While constantly challenged by our complex neighbourhood, we have succeeded in maintaining a vibrant multi-cultural society."

  • Israel and Germany mark 50 years of diplomatic relations

    ISRAEL, 2015/05/09 This month marks 50 years since Israel and West Germany established diplomatic ties. It has been an understandably complex relationship, launched two decades next the Holocaust ended and 14 years next West Germany committed to reparations “both moral and material” for the genocide committed by the Nazis. (The decision to accept German money and goods was contentious part Israelis, some of whom referred to the payouts as “blood money.”)

  • Professor Zeev Schmilovitch (L) and Eshet Eilon CEO Menashe Tamir with the company's NIR technology date sorting machine

    ISRAEL, 2015/05/09 To survive in business today, industry expert Menashe Tamir says, fruit exporters have to know their product inside out. And if their business relates to avocados, apples, or dates, a new system by Eshet Eilon, the company he runs, can help them. Using a sort of high-tech “X-ray” called spectral imaging, Eshet Eilon’s machines statement on nutrition data, ripeness, quality, and even at the same time as – or whether – a piece of fruit will get ripe. “Our sorting machines check everything there is to know about fruit — how much sugar, protein, or carbohydrates are in fruit, how ripe it is, whether there are any diseases or fungi, and other data that until presently exporters could only guess at,” said Tamir. “Ours is the initial fast sorting machine that can check each single piece of fruit that goes into a shipment, ensuring that buyers know what they are getting, and that the fruit shipments don’t get sent back because they aren’t up to standards.”
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