Business & Economy

Asian Terror Threat Big Boom for Israeli Armored Vehicles

Threats of terror in Asia have caused a surge of orders for the Israeli-made Storm (Sufa) Jeep. Business has never been so good.

Raytheon: Anti-Missile System Can Defend Israel from Iran

American defense contractor Raytheon says it is developing an anti-missile system that can help defend Israel from an Iranian attack.

PA Arabs Better off than Most of Arab World

Arabs in Judea and Samaria are better off than most of the Arab world, Asian Times reported. “Where is life not intolerable in the Arab world?”

High-Profile East African Delegation Visiting Israel

A delegation of high-ranking officials from Africa, as well as representatives of third-world development initiatives, are in Israel this week.

Prince of Liechtenstein Angers Jews with Holocaust Remark

The Prince of Liechtenstein upset European Jews on Monday with his claim that bank secrecy in his principality had saved Jewish lives.

Google Goes With Palestinian Authority

Leading search engine and internet domain Google has launched a new country-specific site. This time, it's not associated with an actual country.

World’s Smallest Laser, Spaser Unveiled

World's smallest laser - SPASER - unveiled; holds potential for radical technological advances.

Israel Signs 2nd Deal on Swine Flu Vaccine

Israel is taking steps to be first in line to receive shipments of the swine flu vaccine as soon as manufacturers begin to roll out the doses.

Gulf State Arabs Buy Up Galilee Lands

Wealthy foreign Arabs from the Persian Gulf have bought up hundreds of dunams of Galilee land.

Religious Getting in on Buying Group Trend

Israel's religious are turning more and more to buying groups to offset home buying costs.

More Signs of Recovery in Real Estate Market

Africa-Israel Residences and Sheinfeld sold six apartments at HaRav Kook project in Jerusalem in six weeks, after selling none for months.

Protecting Pelicans in Israel, Fisheries Benefit

A project to provide food for migrating pelicans will preserve commerciial fishponds, prevent shooting of the birds, and offer a unique attraction.

Gas Field Near Haifa Exceeds Expectations -- Again!

The capacity of natural gas fields at the Tamar I drilling site off the coast of Haifa have exceeded expectations.

Park n’ Ride: Israel Railways Plugs in to Electric Car Project

Israel Railways is hooking up with the electric car project “A Better Place” and will provide battery rechargers for “park ‘n ride” passengers.

Jerusalem's International Arts and Crafts Festival

The International Arts and Crafts Festival Khutzot Hayotser Jerusalem has become a 30-year tradition in the capital city.

Coins for Collectors to Commemorate Rabin

The Cabinet accepts a proposal by Bank of Israel Governor Fischer to issue special Israeli coins depicting former Prime Minister Yitzchak Rabin.

Japanese Envoy, Pres. Peres See North Korea-Iran Similarities

Ambassador Yutaka Iimura met Israeli President Peres and complained about North Korea. Peres compared that country with Iran.

Fischer Resumes Dollar Buying Binge

Fischer pulled another rabbit out of his hat and performed his favorite trick – buying more dollars to weaken the shekel. How long will it work?

Shekel Flexes Muscles as ‘Obama Dollar’ Sinks

The US dollar, eroding under Obama’s spending program, is worth its weight in shekels as the exchange rate reaches it lowest level in a year.

JobKatif - Helping Expellees Find Employment

Rabbi Yosef Zvi Rimon, chairman and founder of JobKatif, describes the initiative which helps Gush Katif and northern Samaria Jews find jobs.

National Insurance Institute Strike to Continue

The Jerusalem District Labor Court decided that it will not end an ongoing strike by employees of Israel's social welfare administration.

Internet More Popular than Radio in Israel

The number of Internet surfers exceeds the number of radio listeners for the first time in Israel. Both are more popular than newspapers.

It's Official: Tel Aviv Stock Exchange Top 25 Recovered

The Tel Aviv Stock Exchange's flagship index, the TA-25, rallies, registers at the level it did when Lehman Brothers collapsed in September 2008.

Rabbi Yosef's Son Resisted Dwek Bribe Attempt

The son of former Chief Rabbi Ovadia Yosef resisted a bribe attempt by U.S. state’s witness Solomon Dwek in mammoth NY-NJ sting operation.

Heart-Healing Seaweed Gel Gets $282 Million Deal

NJ-based Ikaria Holdings signs $282M deal with Israeli BioLineRx for gel made from brown seaweed that aids tissue recovery after heart attacks.

Gov't to Launch Investment Fund for Minority-Owned Businesses

The Netanyahu administration is seeking a private sector partner for investment in the nation's minority-owned (non-Jewish) businesses.

Crackdown Begins: 400 Illegal Entrants Arrested

The special police unit 'Oz' begins a crackdown on illegal entrants. More than 4,000 checked, 400 arrested.

Privatization & Property Rights

Ministry of Industry to Chief Scientist: Focus on Cleantech

Israel's Ministry of Industry, which until now has focused on Israel's lucrative hi-tech ventures, will now prioritize "cleantech" development.

Knesset to Hear from Bank Leumi, Holocaust Survivors

The Knesset's Finance Committee will address an ongoing conflict between Bank Leumi and the Company for the Restitution of Assets.

Channel 10 Facing Closure, Nationalists See Missed Opportunity

Channel 10 could close if it does not agree to a government compromise to keep it afloat. Nationalists: it could have been Israel’s Fox News.

"Garbage Power" to Turn on the Lights at Sharon Park

Power used for the lighting system at Sharon Park will be generated by recycled garbage, using the greenhouse gases from decomposition of trash.

Labor Party Charter May Block Land Privatization Bill

The Labor party's internal court will rule Sunday whether Labor MKs are free to support land privatization legislation promoted by the government.

Israeli Company Designing Innovative Spine Implants

Spinal surgery patients often suffer chronic pain and recurring problems. Future patients may have it easier due to Israeli science & engineering.

Israel is Set Fiscally Through 2010

Knesset passes Israel’s first 2-year budget on Wednesday night, a 616-billion shekel affair, by a majority reflecting coalition-opposition margin.

Study: Israelis Pay Majority of Salary to Taxes

The Jerusalem Institute for Market Studies (JIMS) published a study Wednesday saying that Israelis pay most of their salaries to taxes.

Three-Day Budget Session Begins

The Knesset has begun a marathon session, likely to end Wednesday night or Thursday morning, on the nation’s first two-year budget ever.

Fortune Names Israel Corp. One of World's Largest Companies

Fortune magazine's Global 500 has listed Israel Corporation as the 466th biggest corporation in the world in its 2009 ranking.

Arab Activists Demand Israel Boot 'Insensitive' TV Ad

Arabs demand Israel boot an ad depicting Israeli soldiers playing soccer over the separation wall, saying it is insensitive to Arab suffering.

Jewish Tzedaka After Madoff

What will the future hold for Jewish philanthropy?

Flight Delayed or Cancelled? Get Compensated

Passengers on delayed or cancelled flights in or out of Israel will get compensated, according to a bill moving through the Knesset.

New BA Program Combines Business with Torah

The Lander Institute in Jerusalem has announced a new BA program which will combine religious studies with a degree in business management.

Israel Slams EU for Claiming Settlements ‘Strangle PA Economy’

The government strongly condemned the EU for alleging that a Jewish presence in Judea and Samaria is “strangling the PA economy."

Did Israel Sign a Deal With Turkey to Import Water?

The State Comptroller has been asked to review a water import deal that was signed with Turkey in 2004 but never was implemented

PM Rescinds VAT on Fresh Produce

In a dramatic reversal of policy, the government announced Monday evening that there would be no VAT applied to fresh produce.

New Israeli Consulate in China To Boost Partnership, Prosperity

Israel has inaugurated a new Israeli consulate in China and looks forward to stronger ties with China's prosperous southern manufacturing region.

Massive Budget Protest to Clog Jerusalem Roads

Stay away from Jerusalem if you want to get to the airport Monday. A massive protest against the proposed budget is expected to clog city streets.

Jordanians Demonstrate Against Israeli Produce Imports

Jordanian demonstrators claim proceeds from Israeli produce sales are used to fund Jewish construction in Judea and Samaria.

Heart Health at the Tip of Your Finger

The Israeli EndoPAT system can measure the health of your heart using two small probes that hook up to each index finger. The Mayo Clinic approves.

Taxpayers Paid $3,500 a Night for Barak’s Hotel Room

The Comptroller is investigating reports that Barak’s 39-man entourage to Paris last month overspent. His hotel room cost $3,500 a night.

Israelis Converting Vehicles to Run on Propane

At least 15,000 vehicles in Israel have been converted to run on less expensive, low emission liquefied propane gas.

Israeli Architect Invents Popular Sudoku Spin-Off

Israeli architect Eyal Amitzur's Tredoku, with an infinite number of possible 3-D shapes, became a hit with the London Times' readership.

Criminals and Terrorists Beware: You Are Being Watched

A new “perfection tool” from Tel Aviv University can catch criminals and terrorists by using a video to see what the naked eye cannot observe.

Teva's Injection-Free Growth Hormone Shot Wins FDA Approval

Children requiring human growth hormone will no longer face the fright and pain of shots, thanks to Teva Pharmaceuticals' needle-free injection.

Green Trend is an Entire Industry

The "green industry" began 40 years ago with the goal of improving the environment, but since has been transformed into a major business sector.

Israeli Foods Feel the Recession

Sales of Israeli food products have fallen in recent months as part of the global recession. A conference was held in Jerusalem on the topic.

Vendors Against Likud if They Support the VAT

Fruit and vegetable sellers have come out strongly against the VAT supported by the party they voted for in the elections, Likud.

World Bank to Fund Dead Sea-Red Sea Canal Test Project

The World Bank has agreed to fund a pilot program of what may be one of the most ambitious water projects in the world – the Red-Dead Sea Canal.

Study: 'Wisconsin Plan' Only Helpful to Some

A National Insurance Institute study shows that the Wisconsin Plan helps needy Israelis from some communities, while leaving others behind.

Technology 2009 Expo – A Visit

INN TV visits the Technology 2009 Expo to see some of the latest inventions in the fields of industry and technology.