Tel Aviv shares ended the trading week yesterday with a positive bias, which was achieved in the last half hour. Throughout the earlier part of the day, share prices went mostly nowhere. In fact all the leading indexes finished in the green, though none of them far into it. Read More »
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Rates for phone calls, text messages, and internet connections will drop in 2011, signaling “the beginning of the end of the hegemony” for cellphone companies. The Communications Ministry yesterday handed down its decision on interconnect fees, which will drop sharply next year and then gradually edge further down over three more years. Read More »
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U.S. company’s patent on drug used to treat osteoporosis in post-menopausal women ruled valid for another three and a half years. Teva Pharmaceutical Industries suffered a defeat at the hands of drug giant Eli Lilly & Co., which won a patent battle protecting its osteoporosis drug Evista yesterday. A U.S. Read More »
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Confidentiality agreement shrouds reasons for cancellation, but analysts suspect heavy dependence on a single herbicide played an important role. Israeli agrochemicals giant Makhteshim-Agan Industries won’t be acquiring fellow pesticides producer Albaugh after all. Read More »
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The car market here is still quite centralized, but a closer look reveals a more complex picture. A quick glance at any busy street or parking lot will reveal the tiny number of car manufacturers dominating the Israeli market. You’ll easily spot different Mazda, Hyundai and Toyota models, while other manufacturers are far less prevalent. Read More »
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Bundesbank council votes unanimously to oust one of its own after controversial racial remarks. The governor of the Bank of Israel called his counterpart at Germany’s central bank yesterday to express appreciation of the Bundesbank’s decision to seek the ouster of a board member over anti-Semitic statements. Read More »
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Initial public offering hoped to draw between NIS 700 million and NIS 1 billion. Brack Capital Real Estate, controlled by Shimon Weintraub, is moving ahead with its planned flotation on the Tel Aviv Stock Exchange. A Brack Capital housing project in Germany. Read More »
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12-year-old girl moderately hurt; ‘Our lives have been left unprotected and the defense minister is doing nothing’ says resident of the area. A 12-year-old Israeli girl was moderately wounded on Thursday evening when assailants hurled rocks at a car she was traveling in near the West Bank settlement of Ariel. Read More »
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EU foreign policy chief says China, which has vast energy needs, may try to fill economic void in Iran that EU sanctions will create. Read More »
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U.S. envoy to Mideast says next round of talks scheduled for Sept. 14-15, likely to be hosted by Egypt. Read More »
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Prime Minister speaks at ceremony marking official launch of direct Mideast peace talks at the White House. Read More »
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Yesha council says settlers will start building in at least 80 settlements, breaking a government freeze that ends on September 26. Hours before peace talks were set to begin in Washington, Jewish settlers defiantly announced plans on Thursday to launch new construction in their West Bank enclaves in a test of strength with Palestinian Islamists. Read More »
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Scandal over forged document ‘deeply harmed’ public trust in the military, defense minister says, hinting at broad conspiracy within the IDF. Read More »
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Army and police on high alert after second West Bank shooting in two days mars opening of Israel-PA talks in Washington. The Israel Defense Forces on Thursday warned of a possible wave of attacks as Hamas militants try to sabotage Israeli-Palestinian peace talks, which formally opened in Washington on Wednesday. Read More »
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Government calls on all Iranians to attend ‘Al-Quds Day’ protests to ‘liberate Palestinian land from Zionist regime. Iran called Thursday on all Iranians to attend nationwide anti-Israeli rallies as direct peace talks between Israelis and Palestinians were under way in Washington. Read More »
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German President Christian Wulff says central bank needs to limit damage to Germany’s reputation caused by Thilo Sarrazin’s views on Jews, Muslims. Read More »
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Defending itself against a class-motion, the HOT cable TV company argued yesterday that it isn’t leaping to comply with clients’ requests to cease and desist from providing service because “most” are just people trying to squeeze it for better terms. Read More »
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Prime Minister Netanyahu says seeking ‘historic compromise’ ahead of working dinner with Abbas, Jordanian King Abdullah and Egypt’s Mubarak at the White House to launch direct Mideast peace talks. U.S. President Barack Obama urged Israeli and Palestinian leaders on Wednesday not to let the chance for peace slip away as he opened a U.S. Read More »
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Tel Aviv’s multitiered Gan Yaakov was a secret garden nestled into the urban fabric. Now it has been brought low by the need for quicker access between the city’s main thoroughfares Gan Yaakov in Tel Aviv has been reborn. Read More »
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The Knesset building in Jerusalem was inaugurated on August 30, 1966, five years and 22 million liras after construction began. Read More »
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What are the chances the U.S. would help Israel, a non-signatory to the NPT, build a nuclear reactor for energy purposes? Israel has been interested in building a nuclear power plant since the 1970s. Read More »
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The Israel Electric Corporation yesterday petitioned the High Court of Justice to order the Utilities Authority (Electricity ) and the minister of national infrastructure to publish clear, transparent procedures, including on how power rates should be set. Read More »
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The time has come for those planning the red-roofed facts on the ground to refuse to design any more buildings in the settlements After dozens of actors, theater workers, professors and writers declared their refusal to appear in the new cultural Read More »
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Israeli stocks powered ahead yesterday in keeping with a strong global uptick, propelled by strong manufacturing data from the United States and China, the world’s two biggest economies. Share prices rose strongly throughout Europe, with London’s benchmark FTSE-100 index and Frankfurt’s DAX rising 2.7%, the Paris CAC-40 outdoing both with a 3. Read More »
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Online petitions are proliferating on Internet, calling on the government to stop prematurely ending daylight savings time a month and a half before Europe does. Read More »
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Settler chief Danny Dayan: It’s unfitting for Netanyahu to attend ceremonies and festive dinners as the victims of the terror attack are being buried. Read More »
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The Israel Electric Corporation is again seeking to raise funds locally, a year and a half after its last bond offering. The company’s board of directors authorized a private bond placement of up to NIS 1 billion, to be used to help repay principal and interest of NIS 7 billion due over the next year. Read More »
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Soy product producer expects new U.S. plant to have positive impact on next year’s results Solbar, a soy product producer from Kibbutz Hatzor, ran into deep financial trouble in 2006, racking up losses of tens of millions of shekels. Read More »
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A peace deal with the Palestinians could hike up Israel’s gross domestic product by between 5% and 6%, Bank of Israel Governor Stanley Fischer said as peace talks began in Washington yesterday. Prime Minister Benjamin Netanyahu, who met with U.S. Read More »
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Promises more study hours and fewer pupils per classroom, and a boost for elementary schools as well The Rashi Foundation plans to expand its contribution to education in Israel through two ventures: one to establish a network of high schools funded Read More »
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Hotels are reaping the benefits from an influx of foreign tourists in the first half of the year. Following the elimination of visa requirements for Russian tourists, 400,000 Russians now visit Israel annually, second only to the 600,000 visitors from the United States. Read More »
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The attack on Wednesday occurred at Rimonim Junction, east of the West Bank city of Ramallah, a day after a similar attack left four Israelis dead. Two Israelis were wounded, one seriously, on Wednesday night in a shooting attack in the West Bank, one day after a similar attack left four Israeli civilians dead. Read More »
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Gaza strongman Mahmoud Zahar said the movement would resist peace efforts and criticized the Palestinian president for joining the negotiations. Read More »
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Temple includes a trove of figurines of ancient deities and circular clay vessels used for religious rituals. Archaeologists in Jordan have unearthed a 3,000-year-old Iron Age temple with a trove of figurines of ancient deities and circular clay vessels used for religious rituals, officials said Wednesday. Read More »
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Prime Minister Benjamin Netanyahu expected to address Palestinian President Abbas in a speech before dinner with heads of state and tell him ‘Every peace begins with leaders. Read More »
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Standing alongside Netanyahu after the two met privately at the White House, Obama condemns killing of four Israelis, says U.S. support of Israel’s security is unwavering. U.S. President Barack Obama on Wednesday described the fatal shooting of four Israelis in the West Bank as a senseless slaughter that will not stop the U.S. Read More »
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According to meteorologists, August 2010 was hotter on average than those in 1981-2000 and also than the average August in the past ten years. Last month entered the record books on Tuesday as the hottest August in Israel since meteorologists began measuring temperatures in the country. Read More »
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Prime Minister gets briefed on investigation into deadly West Bank shooting on Tuesday, tells settlers to show restraint. Prime Minister Benjamin Netanyahu on Wednesday urged settlers in the West Bank to exhibit restraint and respect the rule of law in Israel in the wake of a deadly shooting attack near Hebron that left four Israeli civilians dead. Read More »
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Turkish daily Hürriyet reports that the U.S. relayed its position to Ankara after invitations for a joint drill were sent out to several countries, but not to Israel. The United States has said it will shun a joint military drill with Turkey in October if Israel is barred from participating, Turkish daily Hürriyet reported on Wednesday. U.S. Read More »
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Appeal to Interpol follows accusations that Ghassan al-Jid is an Israeli agent who was involved in the assassinations of the former Lebanese prime minister and a Hezbollah commander. Read More »
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Thousands attend funeral of four Israeli civilians killed in a shooting attack near Hebron Tuesday. Hamas has claimed responsibility. Thousands of people attended the funeral Wednesday of Yitzhak and Tali Ames, Kochava Even Haim and Avishai Schindler, who were killed Tuesday evening in a terror attack near Hebron. Read More »
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Palestinian source: PA security forces arrest more than 300 people identified with Hamas, following Tuesday’s attack near Hebron in which four Israelis were killed. Read More »
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Hamas says that around 150 of its members have been arrested by Palestinian security forces following Tuesday’s shooting attack near Hebron in which four Israelis were killed. Palestinian security forces in the West Bank detained dozens of Hamas activists on Wednesday in response to a lethal attack on Jewish settlers, a senior security source said. Read More »
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A high school history teacher is accused of ‘brainwashing’ her students, says French news agency AFP. A French history teacher in Nancy, France, has been suspended for breaching the principle of secularism and neutrality after the French education Read More »
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Ahead of start of direct peace talks in Washington, Defense Minister Ehud Barak says Jerusalem’s Arab neighborhoods will be part of a Palestinian state; a ’special regime’ to govern holy sites. Read More »
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Four Israelis were killed Tuesday in a shooting attack near Hebron, on the eve of the resumption of direct Mideast peace talks in Washington. Read More »
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In late-night debate, court rules strike declared by Secondary School Teachers’ Association unlawful, ordering its members to refrain from disrupting school year opening. Read More »
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Speaking in wake of the deadly West Bank attack, the head of the PA’s U.S. mission expects settlement freeze to continue to be a decisive negotiations topic. Read More »
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In a rare interview by a Palestinian official in the wake of the deadly West Bank attack, the head of the PA’s U.S. mission expects settlement freeze to continue to be a decisive negotiations topic. Read More »
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Speaking to reporters, Special U.S. envoy Mitchell says President Obama places comprehensive Mideast peace negotiations at a ‘very high priority.’ Direct peace talks between Israel and the Palestinian Authority can be concluded within a year, U.S. special Mideast envoy George Mitchell said ahead of upcoming negotiations on Tuesday, adding that U.S. Read More »
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White House statement urges peace talk parties to keep moving forward through difficult times, continue working to achieve a just and lasting peace. The deadly attack near the West Bank city of Hebron, killing four Israeli citizens, proves just hot far the enemies of peace will go to block diplomatic progress, a White House statement said Thursday. Read More »
Haaretz »
Speaking to reporters, Special U.S. envoy Mitchell says President Obama places comprehensive Mideast peace negotiations at a ‘very high priority.’ Direct peace talks between Israel and the Palestinian Authority can be concluded within a year, U.S. special Mideast envoy George Mitchell said ahead of upcoming negotiations on Tuesday, adding that U.S. Read More »
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‘I tried to show the pupils, even in body language, that with me, there will be discipline. Limits must be clear. Read More »
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Analyst worried about dropping price of glyphosate. Discount Investment Corporation made a NIS 167 million provision in the second quarter of the year for a decline in the value of its stake in agrochemical company Makhteshim Agan. The provision was a major factor in the 64% drop in Discount’s net profits for the quarter. Read More »
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But proportion of people unable to find full-time jobs increased. Confounding expectations, unemployment fell sharply in the second quarter, dropping to 6.2% of the workforce compared with 7% in the previous quarter and 8% in the corresponding quarter of 2009. Read More »
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Partner Communications will not lie back and accept the regulator’s decree on interconnect fees. On Monday, the mobile operator hit back with an administrative petition against the Communications Ministry. The company, which is controlled by Ilan Ben-Dov, sued at the Jerusalem District Court, sitting as an administrative tribunal. Read More »
Haaretz »
Stop blaming the banks for everything: Low interest rates have lost their efficacy. Since the onset of the great global economic crisis, even though interest rates have been at rock-bottom and governments have been shoring up financial systems worldwide, banks have not stepped up their lending to businesses. If anything, they’ve been lending less. Read More »
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Deputy Finance Minister Yitzhak Cohen is attempting to strike a compromise between the state and the MTS consortium that was awarded the franchise to build the light rail network in the Tel Aviv area. A week ago, the treasury notified MTS that it had forfeited its franchise and a state firm would proceed with the project instead. Read More »
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The drama over real estate and energy baron Yitzhak Tshuva’s desire to bring his Canadian real estate subsidiary, El-Ad Canada, to the Tel Aviv Stock Exchange, has ended. The company managed to raise NIS 80 million yesterday, enough to list as a public company even without an order of shares from Elad Tshuva, Tshuva’s son. Read More »
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