Category Archive: Business
The Nazareth Code: Can Israel’s Booming Tech Sector Heal the Wounds of Israeli Arabs?
An ambitious new high-tech industrial park doubles as an initiative to bring more Arabs into the Israeli economy. Driving through Nazareth’s industrial zone is no easy task. Congested, confusing, and somewhat chaotic, it is not very inviting to first-time visitors. But at the end of the freshly paved road lined Continue Reading »
Israeli mind behind new Intel processor
Parts of Haswell processor, which is making its way to nearly all new computers around the world, developed by team of 80 Israelis in chip giant’s Haifa, Yakum centers. New Intel CEO to visit Israel on Thursday, meet with local employees. In the coming months, millions of people around the Continue Reading »
Pinnacle Foods coming to Israel
Frozen products, which can be found in more than 85% of American households, to be marketed in Holy Land after Passover. The products of leading packaged foods company Pinnacle Foods Group LLC are on their way to Israel. The company will be represented in the Holy Land by Value Foods Market, Continue Reading »
Cisco Buys Israeli Mobile Startup Intucell For $475 Million Cash
Bessemer Venture Partners racked up a huge win today. Two years ago it invested $6 million in exchange for nearly half the equity of Israeli startup Intucell, whose networking tech lets carriers handle more mobile traffic. Today, Cisco announced plans to buy Intucell for $475 million in cash, and BVP Continue Reading »
Israeli economy grows 2.9% in Q3
The Israeli economy grew 2.9% in the third quarter of 2012, according to a third revised assessment of the Central Bureau of Statistics, after growing 3.1% in the second quarter and 2.9% in the first quarter. “The growth in gross domestic product in the third quarter of the year reflects Continue Reading »
Nevada governor plans trade mission to Israel
Brian Sandoval says water companies may be targeted for business deals in 2013 visit. Nevada Governor Brian Sandoval will lead trade missions toIsrael and Mexico in 2013 to promote the state’s export opportunities and encourage investment in the Silver State by companies abroad, the governor announced at a Las Vegas business Continue Reading »
Apple to buy Israeli start-up Anobit
Deal worth between $350 million to $400 million; Apple also ready to set up processor development center in Israel. Apple Inc. plans to acquire Israeli start-up Anobit Ltd. for $350 million to $400m. The deal comes as Apple is about to set up a processor development center in Israel, although Continue Reading »
Apple in talks for Israeli startup Anobit
Developer of smartphone memory enhancement technology negotiating with American technology giant, with price tag ranging between $400-500 million. If deal materializes, it will be Apple’s first acquisition in Israel Technology giant Apple is putting together the deal for its first acquisition in Israel. Calcalist has learned that Apple is in Continue Reading »
Israel is open for business
Here are some things we’ll bet you didn’t know about Israel, courtesy of its industry and trade minister, Shalom Simhon. He was in Canada last week promoting trade between our countries and paid a visit to the Toronto Sun’s editorial board. Simhon’s message was Israel has one of the world’s Continue Reading »