“Cultural renaissance” boosts downtown Jerusalem

“Like many major cities, downtown Jerusalem has seen its urban decay and flight to the suburbs. The main Jaffa Road was ripped up to lay a light rail that has been years over due and it’s been a struggle for business to survive. But things are starting to turn around […]

Infinite Memory teaches Chinese to speak English

An Israeli Company, Infinite Memory, based in Rosh Ha’Ayin, has secured a contract to distribute some 100 million memory sticks for MP3 players designed to enable Chinese children to study English. The new technology will replace the old-fashioned cassette players which have been deployed up to now. The scale of […]

Ngatamariki geothermal project goes to Ormat

Ormat Technologies, the US arm of Yavne-based Ormat Industries Ltd, which is involved in the harnessing of clean, renewable thermal energy which can then be turned into electricity, won a US$130 million order in New Zealand earlier this month, this being the largest order yet placed with Ormat.  The New […]

Bank of Israel set to keep Fischer

The world’s loss may be Israel’s gain following the decision of the International Monetary Fund not to amend its rules in order to permit the candidacy of Bank of Israel Governor Stanley Fischer to stand for the recent and unscheduled vacancy of its managing director. At 67, Mr Fischer is […]

Teva raises cash to acquire Cephalon

Leading Israeli pharmaceutical company Teva Pharmaceutical Industries Ltd has announced today that it has entered into Syndicated Credit Facilities totalling US$4 billion. This will enable Teva to conclude the acquisition of US biopharma business Cephalon Inc for US$6.8 billion. The facility is provided by a team cordinated by HSBC Bank […]

Three-faith intellectual property conference for Jerusalem

“Intellectual Property in Jewish Law” is the title of a full day’s conference taking place in Jerusalem on Sunday 26 June. An international panel of speakers will tackle topics as diverse as recent developments in Israeli patent, trade mark and copyright law, copyright in Jewish law from Maimonides to Microsoft, […]