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Business & Economy

News and updates about Business & Economy

Iran Saudis Spar on Oil Prices

Iran is pushing for lower oil production to keep prices high as demand increases but slows

Iran Curbs Oil Output to Sustain Prices

'Go Green' and Make Money

Israel’s "green machine" helps make the country energy independent, lessens the need to buy coal from Israel-haters and makes money for homeowners.

Israel's Go Green Campaign Promotes Energy Independence

Egypt-Israel Deal ‘Out of Gas’

The latest Egyptian-Israel gas pipeline blast signals a further erosion of “goodwill” from Cairo, says Landau. Electricity prices to soar.

Gas Line Attack Explodes Egyptian-Israel Agreement

Jellyfish Attack Electric Plant

Jellyfish have attacked a power plant in Ashkelon, just days after workers in Hadera warned their own plant was facing a similar invasion.

Jellyfish Attack Israel Electric Plant in Ashkelon

Debt Contagion Threatens Italy

Europe's failure to convincingly tackle the problems in the smaller states has now created doubts about the major economies.

Sovereign Debt Crisis Menaces Italy As Securities Tumble

Tourism Set to Break Records

262,000 visitors entered Israel in June 2011– a record for the month of June. In the first half of 2011, 1.6 million visitors arrived in Israel.

Tourism to Israel Set to Break Records

IsraAID to Help South Sudan

The Israel Forum for International Humanitarian Aid (IsraAID) will help the world's newest country get started.

IsraAID to Help Communities in South Sudan

Lebanese-Israeli Energy War?

Lebanon warns Israel is “playing with fire” by staking out energy claims in the Mediterranean. Beirut says Israel’s discoveries belong to Lebanon.

Energy War? Lebanon Warns Israel ‘Playing with Fire’ Offshore

Israeli Diamonds Among the Best

AN international jewelry and diamond exhibition took place this past week in one of the world's best-known diamond making countries: Israel.

Israeli Diamonds: Some of the Best in the Worldplayer

Pro-PA Fly-In Stymied in Europe

European authorities have blocked anarchists from joining the "fly-in" into Israel's Ben Gurion International Airport.

Pro-PA 'Fly-In' Stymied in Europe

Lake Kinneret Water Level Drops

The water level in Lake Kinneret (the Sea of Galilee) has dropped 20 centimeters in the past month, according to environmental officials.

Lake Kinneret Water Level Drops 20 Centimeters

EU Rules Won't Fly Say Airlines

The European attempt to impose emission curbs on foreign carriers outside its airspace is facing heavy resistance.

Foreign Airlines Resist EU Emission Control Regulations

Bezeq's Internet Cable to Italy

Internet provider Bezeq International has completed installation of the first segment of an underwater cable to Italy.

Bezeq Int'l Laying Underwater Internet Cable to Italy

Jellyfish Threaten Israeli Power

Jellyfish have become the latest threat to Israeli energy consumption as the creatures begin to clog the power station at Hadera.

Jellyfish Become Latest Threat to Israeli Power

‘Short Week’ Idea May Not Work

A proposal to put Israel on a shortened work week, with Friday a half-day and Sunday a vacation day, may be buried before it gets off the ground.

Five-Day Work Idea May End Up in Trash Bin

China Threatened by Bad Debts

Moody's warned that Japanese Banks were exposed to problematic loans, particularly to local governments.

Bad Debts Threaten Chinese Banking Stability

Gas Flow from Egypt Resumes

Gas began to flow again from Sinai to Israel Tuesday night as Egypt determined that the pipeline bring gas to Israel was only slightly damaged.

Gas Flow from Egypt Resumes

EU Unity? Not for Jobs

Ian Duncan Smith,Labor and Pension Secretrary, complains that jobs created are being swallowed up by immigrants

EU Free Worker Migration Threatened by Desire to Employ Locals

EU Bailout is a Greek Tragedy

The austerity package that passed the Greek Parliament and the parallel injection of credit is a major gamble that could make things worse.

The EU and Greece: A 17 Billion Dollar Throw of the Dice

European E. Coli from Egypt?

An outbreak of the deadly E coli bacteria that spread across Europe last month has been traced to fenugreek seeds from Egypt.

European E. Coli Traced to Egyptian Fenugreek Seeds

Denmark Blocks Israeli Security

Denmark is refusing to allow Israeli security personnel to carry arms and conduct routine security checks of passengers at Kastrup Airport.

Denmark Blocks Routine Israeli Security Standards at Airport

Sarkozy Bucks the Tide

France already gets most of its power from nuclear energy and is sticking with it for competitive and ecological reasons.

France to Invest Heavily in Nuclear Energy

Greece Paralyzed By Strike

Greece is voting with its feet against austerity with a 48 hour general strike that will contribute further to the country's problems.

Greek Unions Mount 48 Hour Show of Force Against Austerity

Keeping Israeli Business Israeli

Knesset Speaker Reuven Rivlin called on Israeli corporate executives not to rush to give up control of their companies to foreign elements.

Rivlin: Keep Israeli Businesses Israeli

New Plan to Preserve Dead Sea

Tourism Minister Stas Misezhnikov is hoping to persuade the prime minister Monday to adopt a plan to keep the Dead Sea from dying.

Tourism Minister Has Plan to Keep Dead Sea from Dying

Apple Removes '3rd Intifada' App

Anti-Israel computer application called “The 3rd Intifada” has been removed from the Apple App Store for violating its developer guidelines.

Third Intifada App Removed from Apple 'App Store'

Israel Okays Gaza Construction

Israel has given the go-ahead for a building project in Gaza. A massive amount of construction materials will be transferred.

Israel Okays Building Boom in Gaza

PA Claims 'Gas' Theft Near Gaza

The Palestinian Authority accuses Israel of "stealing" its natural gas resources by authorizing exploration of Gaza waters for gas fields.

PA Claims Israel Steals Gas in Exploration of Gaza Waters

Bill: 2.5-Day Weekend

MKs Elkin and Levine propose Friday-Saturday-Sunday weekend bill in support of similar initiative by Minister Shalom.

Bill would Grant Israelis Western-Style 2.5 Day Weekend

El Al Damage Began in Singapore

Damage that caused an El Al passenger plane in Israel to make an emergency landing last month has been traced to Singapore.

El Al Plane Damage Traced to Singapore, Cause Still Unknown

‘10,000 New Homes per Annum’

Cabinet decides to formulate National Housing Commissions Law to cut through red tape and solve housing shortage.

New Commissions to Approve 10,000 Homes per Annum

Kyoto Protocol Extension Unsure

The stormy economic climate is buffeting the efforts to control greenhouse gas emissions. Even the EU is balking.

Emission Control Agreement Hits an Economic Problem

GE to Build New R&D Center

General Electric is pumping another $3-5 million into Israel with its eighth R&D, this time focusing on medical devices and CleanTech.

General Electric Building CleanTech R&D Center in Israel

Israeli Tech Heading to Paris

At next week's Paris Air Show, Israel will, once again, put on display some of the groundbreaking defensive and weapons systems developed here.

Paris Air Show to Feature Top Israeli Technology

Citigroup Unit to Acquire Ness

Israel's Ness Technologies is to be acquired by Citigroup's international venture capital unit in a deal valued at $307 million.

Ness Technologies to be Acquired by Citigroup Unit

Italy Votes No to Nuke Power

Italy's referendum result creates two distinct camps within Europe on the nuclear power issue.

Italian Referendum Limits Berlusconi, Swells Antinuclear Tide

Fischer Runs for IMF Head

Bank of Israel Governor Stanley Fischer has officially announced he is in the running to head the International Money Fund.

Bank Governor Stanley Fischer Running to Head IMF

Super Tech Projects on Display

Students at the College of Management - Academic Studies showed off their high-tech prowess with some great ideas and inventions.

Rishon College Kids Come Up With Super Tech Ideas

Papandreou Referendum

Perhaps the idea of confronting a Greek referendum on the bailout can concentrate the minds of the EU elites.

Facing Rising Opposition Greek PM Broaches Referendum Idea

Turkey 3rd-Largest Export Market

Despite political tensions, Turkey has become Israel's third-largest export market, up from ninth-largest last year.

Turkey now Israel's 3rd-Largest Export Market