Tag Archive for economic cooperation

| April 3, 2015
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Israel approves natural gas deal with Jordan

PM Netanyahu and Energy Minister Shalom authorized agreement to export Tamar natural gas to 2 Jordanian concerns.

By SHARON UDASIN

 

Cementing Israel’s first natural gas export deal with Jordan, National Infrastructure, Energy and Water Minister Silvan Shalom and Prime Minister Benjamin Netanyahu authorized an agreement to convey Tamar reservoir gas to two Jordanian companies on Thursday.

Israel’s natural gas platform – Photo: MINISTRY OF NATIONAL INFRASTRUCTURES

The ministerial approval follows the February 2014 announcement of the transaction between the Tamar reservoir partnership and the Jordanian firms. The approximately $500 million deal enables the provision of up to 2.2 billion cubic meters of gas to the Arab Potash and Jordan Bromine companies over 15 years, for use at their respective facilities near the Dead Sea. Continue Reading »

Category: Israel News | Tags: , , ,
| March 19, 2015
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Egyptian Conglomerate to Buy $1.2 billion of Natural Gas From Israel’s Tamar Group

A group of private customers in Egypt calls for a 7-year deal, of a minimum 5 billion cubic meters (bcm) of gas to be sold in the first 3 years.

By Reuters

 

A group of private customers in Egypt have agreed to buy at least $1.2 billion of natural gas from Israel’s offshore Tamar field via an old pipeline built to send gas to Israel.

The Tamar natural gas field – Photo: Albertos

The Tamar partners said on Wednesday they signed a seven-year deal with Dolphinus Holdings, a firm that represents non-governmental, industrial and commercial consumers in Egypt, that calls for a minimum 5 billion cubic meters (bcm) of gas to be sold in the first three years. Continue Reading »

Category: Israel News | Tags: , , ,
| March 5, 2015
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WSJ reports Egypt ready to import Israel natural gas if conditions are met

Egyptian Oil Minister told Wall Street Journal that gas price must be right and the current legal complaint by Union Fenosa Gas against Egypt must be dropped.

By i24news

 

Egypt is ready to take the controversial step of importing natural gas from Israel, if the price is right and if one of the gas companies involved in the deal drops legal action, Egyptian Oil Minister Sherif Ismail told The Wall Street Journal on Thursday.

Tamar offshore drill platform – Photo: Delek energy

“We would approve the gas deal if it will meet domestic demand, offer high value for the Egyptian economy and if the international arbitration with one of the companies is resolved,” Ismail said. Continue Reading »

Category: Israel News | Tags: , , ,
| February 5, 2015
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Ya’alon to be Israel’s First Defense Minister to Visit India

Minister Ya’alon will meet with his Indian counterpart and other officials to discuss additional future security cooperation agreements, and to attend an arms exhibition in Bangalore during his Feb 17 visit.

By Itamar Eichner

 

Defense Minister Moshe Ya’alon will visit India on February 17, a first visit by an Israeli defense minister to the South Asian country since the establishment of diplomatic ties between the two states.

Netanyahu meeting with Indian counterpart Modi – Photo: GPO

Ya’alon is scheduled to hold a series of meetings with Indian officials and visit an arms exhibition in Bangalore.

Israeli sources stressed the importance of the visit, saying it is a breakthrough in security relations between the two countries. Continue Reading »

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| January 19, 2015
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Netanyahu: Israel opens Asian markets due to Europe’s Islamization, growing anti-Semitism

 

Israel diversifies economic eggs into new baskets by looking eastward – not only because of Europe’s economic situation, but also because of strong anti-Israel feelings, anti-Semitism and the growing Islamization in major segments of Europe.

By HERB KEINON

 

With Europe becoming increasingly hostile toward Israel and Jews, the Jewish State needs to diversify its markets, Prime Minister Benjamin Netanyahu told the cabinet Sunday just hours before Japanese Prime Minister Shinzo Abe landed for the first visit by a Japanese premier in nine years.

Visitn Japanese Prime Minister Shinzo Abe and Prime Minister Benjamin Netanyahu, January 18, 2015. – Photo: MARC ISRAEL SELLEM/THE JERUSALEM POST

“Western Europe is undergoing a wave of Islamization, anti-Semitism and anti-Zionism,” Netanyahu said. Continue Reading »

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| January 18, 2015
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Israel welcomes Japanese PM Shinzo Abe and his 100 strong delegation

 

Israel’s PM Benjamin Netanyahu and Japanese Prime Minister Shinzō Abe attended an innovation exhibition in Jerusalem today.

By Israel Gov’t Press Office

 

Japanese Prime Minister Shinzo Abe arrived today in Israel at the head of a delegation of over 100 government officials and presidents of leading global Japanese companies in order to expand bilateral economic cooperation.

Israel welcomes Japanese Prime Minister Shinzō Abe – Photo GPO

Japan is considered the third largest economy in the world with a GDP of $4.73 trillion (2013). This is the first visit to Israel by a Japanese Prime Minister since 2006.

At the start of their meeting, Prime Minister Netanyahu said:

“I’m delighted to welcome you, Prime Minister.

Continue Reading »
Category: Israel News | Tags: ,
| January 16, 2015
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Indo-Israel Relations are Modi-flying

From energy to cyber & missiles to irrigation, the once low-key, clandestine ties are now booming under India’s PM Narendra Modi.

By Aditi Bhaduri

 

“A lot of history and a lot of geography”– was how some years back the then Israeli ambassador to India had explained to this writer, the fascination India had for the numerous Israelis pouring into India. This legacy of history and geography is of course leavened with more mundane factors like a large market, cheaper goods and services and a relaxed milieu. In turn many Indians too have been looking to Israel – mostly for its spirit of enterprise and innovation. Continue Reading »

Category: Israel News | Tags: , ,
| January 8, 2015
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Passing Japan Alliance Plan, Israel-Asian Coalition Takes Shape

PM Natanyahu unveils landmark alliance policy with Japan-China-India detailing economic/cultural/tourism plan involving many of Israel’s ministries to solidify ties with Asia.

By Ari Yashar

 

A roadmap plan to radically strengthen economic ties with Japan introduced by Prime Minister Binyamin Netanyahu was approved by the Cabinet on Sunday, and paves the way for a strategic array of alliances with three Asian superpowers – Japan, China and India.

“The State of Israel must vary the markets in which we are active. In the last two years, I have met with the leaders of China, Japan and India as part of a comprehensive policy of turning to major markets including Latin America and Africa,” explained Netanyahu.

Continue Reading »
Category: Israel News | Tags: , , ,
| January 8, 2015
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Israel’s new regulations on natural resources discourage potential investors

 

Foreign mining & exploration firms are holding back investment capitol following new rules set by Israeli authorities meant to increase competition, bringing prices down.

By Reuters & Israel Hayom Staff

 

New regulation of Israel’s natural gas and mining industries aimed at increasing competition to bring down prices is scaring off investors and putting billions of dollars at risk.

Tougher regulation may see foreign investors suspend deals [Illustrative] – Photo: Albatross

The rules, introduced over five years for many sectors but hitting natural resource companies particularly hard, allow the break up of powerful conglomerates that dominate Israel’s economy, with the goal of reducing high living costs, a major voter complaint ahead of the March 17 elections.

Continue Reading »
Category: Israel News | Tags: , ,
| December 18, 2014
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#BDSFail: Multi-national leaders report no impact from BDS

Manager of GE says the real threat to Israel is not the BDS movement, but would be for the Jewish state to lose its competitive edge through a decline in educational excellence, overly high taxes, or excessive state bureaucracy.

By NIV ELIS

 

Efforts to boycott, sanction and divest from Israel are not making a dent, according to leaders in several multi-national firms active in Israel.

Boycott Israel sign

Boycott Israel sign. – Photo: REUTERS

At a conference in Tel Aviv for the Bilateral Industrial Research and Development (BIRD) foundation, a fund that promotes joint US-Israel business ties, panelists from several multi-nationals were asked what the impact of both war and the boycott movement have been on their businesses.

Continue Reading »
Category: Israel News | Tags: , , ,
| July 2, 2014
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Israel the trade gateway from Europe, via Israel, Jordan then the Arab world, truck by truck

 

Due to Iraqi, Lebanese & Syrian unrest, European exporters rely on Israel for route to Arab customers across the Sheikh Hussein Bridge to Jordan and then to the Arab world.

By Reuters

 

The hydraulic ramp of a Turkish freighter taps down on the eastern Mediterranean port of Haifa and, under a full moon, 37 trucks roll off onto an otherwise empty pier.

Goods unloading in Port of Haifa (Photo: Reuters)

Goods unloading in Port of Haifa – Photo: Reuters

In a convoy that stretches hundreds of meters, the trucks travel east across northern Israel, bringing goods from Europe to customers in Jordan and beyond.

Until three years ago the cargo these trucks carry – fruits, cheese, raw material for the textile industry, spare parts, and second-hand trucks – would have come through Syria. Continue Reading »

Category: Israel News | Tags: , , , , ,
| June 13, 2014
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Israel-Rwanda: Historic Trade Pact Signed

Africa pulled closer to Israel as Foreign Minister Liberman improves business ties with his diplomatic sprint through the continent.

By Moshe Cohen

Foreign Minister Avigdor Liberman was in the swing of his African diplomatic tour on Wednesday, signing a Memorandum of Understanding (MoU) with his Rwandan counterpart Louise Mushikiwabo to establish bilateral consultations.

Along with the MoU, Liberman inaugurated the Israel-Rwanda joint economic seminar, which will facilitate business ties between the two nations. The event was held with the participation of 200 business people from Israel and Rwanda.

“I see great importance to investment in Africa, in the humanitarian, economic and political spheres,” said Liberman. Continue Reading »

Category: Israel News | Tags: , , ,
| May 26, 2014
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Observation: Israel replacing the EU by shifting eastward for economic growth

Europe’s economic & political stagnation, constant condemnation of Israeli policies and deep rooted legacy of anti-Semitism set it apart from East Asia.

By Moshe Arens

 

 

Slowly but surely Israel is pivoting toward the East. Years ago that would have been a most unexpected development. After all, most of Israel’s population originated from Europe, and most of its leadership had its roots in Europe. For many years Israel might have been considered, for better or for worse, an outpost of Europe in the Middle East. Whether Europe loved Israel or hated Israel, Europe remained Israel’s closest connection to Western civilization.

Continue Reading »
Category: Israel News | Tags: , , ,
| May 25, 2014
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In Technology: Israel attracts Chinese investments

 

The ‘Start-up Nation’ draws in Chinese firms, who offer Israel funding & access to one of the world’s largest markets in return.

By Reuters

 

China’s purchase of a controlling stake in Israel’s largest food maker reflects a broader surge in Chinese investment in an economy largely tethered to Western markets.

Prime Minister Benjamin Netanyahu met in his Jerusalem office with Chinese Vice Premier Liu Yandong. May 19, 2014 – Photo: Amos Ben Gershom, GPO.

The deal, announced on Thursday, gives China access to Israel’s high tech expertise, cachet among consumers made wary by domestic food production scandals and an alternative place to put their money amid trade obstacles from a wary United States. Continue Reading »

Category: Israel News | Tags: , , ,
| May 19, 2014
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India’s New PM Seen as ‘Israel’s Best Friend’ in Southern Asia

India’s Prime Minister-designate Narendra Modi has expressed his desire to ‘deepen & develop’ ties with Israel and his record proves he’s serious.

By Gil Ronen

 

India’s Prime Minister-designate Narendra Modi has expressed his desire to “deepen and develop” ties with Israel, Prime Minister Binyamin Netanyahu said Sunday, and it appears that Netanyahu’s words do not constitute diplomatic flourish but, if anything, understatements.

Narendra Modi

Narendra Modi – Reuters

“On Friday, I spoke with the Prime Minister-elect of India. There, too, there is a clear expression of the desire to deepen and develop economic ties with the State of Israel,” Netanyahu told his cabinet. Continue Reading »

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