Tag Archive for economic cooperation

| May 7, 2014
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Egypt Interested in Importing Natural Gas From Israel

 

Noble Energy hopes to reach final deal within 6 months to sell 2.5 trillion cubic feet of gas, over 15 years, to Union Fenosa Gas SA for its liquefied natural gas facility in Egypt.

By The Associated Press & Israel Hayom Staff

 

The operator of the Tamar natural gas field off Israel’s coast said it has signed a letter of intent to provide gas to a facility in Egypt.

Houston-based Noble Energy Inc. reached the preliminary deal to sell gas to Union Fenosa Gas SA for its liquefied natural gas facility in Egypt. The deal calls for providing up to 2.5 trillion cubic feet of gas over 15 years.

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Category: Israel News | Tags: , , , ,
| April 22, 2014
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Asia beats US as Israel’s #1 export destination for 2014

Exports to Asia in 2013, nearly equaled those to the United States for the 1st time, coming within 0.6% points as a share of Israel’s total exports.

By NIV ELIS

 

 
The Asian region will overtake the US as Israel’s second biggest export destination this year, the Economy Ministry said.

Prime Minister Binyamin Netanyahu meets with Chinese Foreign Minister Wang Yi , December 18, 2013. – Photo: Amos Ben Gershom, GPO

The region is expected to come in as Israel’s second-largest trade partner for 2014 behind the European Union, shifting the United States into third place, according to the ministry’s Foreign Trade Authority.

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Category: Israel News | Tags: , ,
| April 16, 2014
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Missouri lawmakers seek to open economic development office in Israel

Missouri’s office in Israel would be focused on developing joint business partnerships in biotechnology, agriculture & other emerging fields.

By

 

 

 

JEFFERSON CITY, Missouri – Some Missouri lawmakers want the state to open an economic development office in Israel.

The Gateway Arch of Saint Louis, Missouri. April 2, 2014

The Gateway Arch of Saint Louis, Missouri, as seen from Saint Louis University School of Law on April 2. – Photo: AP/St. Louis Post-Dispatch, Laurie Skrivan

A spending plan embraced by a Senate committee would insert $200,000 into the next state budget to open an office in Israel.

The Senate and House have each passed bills that would require the Department of Economic Development to establish an office in Israel.

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Category: Israel News | Tags: , , ,
| March 17, 2014
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Banks told to prepare for new reporting to U.S. tax authorities on U.S.- Israelis

New policy brings Israel in line with most countries like Switzerland, that have succumbed to U.S.pressure, forcing many Americans to have already withdrawn their money.

By Sivan Aizescu

 

The Bank of Israel Sunday advised Israeli banks to begin gearing up to provide information about their U.S. clients to U.S. tax authorities, as provided in the U.S. Foreign Tax Compliance Act.

The headquarters of Israel's central bank stands in Jerusalem, Aug. 19, 2013.

The headquarters of Israel’s central bank stands in Jerusalem – Photo: Bloomberg

The statement was issued by the central bank in an effort to ensure that Israeli banking institutions will be ready to comply with FATCA when it goes into effect, in July.

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| March 6, 2014
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Israeli defense firm to help secure US border with Mexico

Israeli defense firm Elbit wins $145 million contract to build surveillance towers along Arizona’s border with Mexico.

By i24NEWS

 

The Israeli defense company Elbit Systems confirmed on Wednesday that they had received a $145 million contract by the United States Department of Homeland Security to build security towers on Arizona’s border with Mexico.

Arizona’s border fence with Mexico – Photo: AFP

The company wrote in a press release on their website that the “Integrated Fixed Tower Project” would be implemented “over an approximately 12-month period.”

The work, which will apparently include cameras and radars with the capability to detect human movement, will be carried out by Elbit Systems of America, which is the company’s US subsidiary. Continue Reading »

Category: Israel News | Tags: , , ,
| February 24, 2014
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Envoy: Israel Invites India to Explore Natural-gas & Sign Trade Pact

Israeli envoy, “Any Indian company is free to participate, private or government-run.” But, Israeli Ambassador to India Alon Ushpiz clarified, Jerusalem bars any company that has dealings with Iran.

By Uttar Pradesh, IANS

 

Noida, Feb 24 (IANS) Israel has invited Indian companies to take part in extracting natural gas from its newly-found reserves, with 40 percent of the produced hydrocarbon reserved for exports, even as it wants talks on a free trade pact to fructify soon.

Israeli Ambassador to India Alon Ushpiz and Chief Secretary S.V. Ranganath at the inauguration of the Israel consulate in Bangalore May 21, 2013 - Photo: Bhagya Prakash K.

Israeli Ambassador to India Alon Ushpiz and Chief Secretary S.V. Ranganath at the inauguration of the Israel consulate in Bangalore May 21, 2013 – Photo: Bhagya Prakash K

Israeli Ambassador to India Alon Ushpiz said his country will soon emerge as one of the biggest producers of natural gas and is willing to export it to India, which imports around 80 percent of its oil needs mostly from the Persian Gulf countries. Continue Reading »

Category: Israel News | Tags: , , ,
| January 24, 2014
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PM Netanyahu Advances Israel-China Alliance in Davos

In a fruitful meeting with the Chinese FM at the World Economic Forum, Netanyahu urged deeper cooperation.


The Chinese FM relayed to Netanyahu that his country has held 5 joint committee meetings last month on Israel.

By Ari Yashar

 

Prime Minister Binyamin Netanyahu met with Chinese Foreign Minister Wang Yi on Friday at the World Economic Forum in Davos, Switzerland. The two discussed the budding alliance between the nations, which has developed rapidly since Wang’s first visit to Israel last December.

Netanyahu commented that the meeting expressed the advanced state of relations between the two nations, adding that Israel wants to further develop bilateral cooperation in technology and foreign affairs. Continue Reading »

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| December 24, 2013
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Jerusalem increases quota of Turkish laborers in Israel

 

 

Turkish-Israeli relations are slowly recovering as Jerusalem fulfills old obligation in deal made prior to Marmara incident.

By Itamar Eichner

Israel is continuing to improve its relations with Turkey, increasing the quota on the number of Turkish foreign workers in the country.

 Turkey-Israel Flags

The social-financial cabinet made a decision recently, which until now has been kept in a low profile, that will raise the number of Turkish foreign workers in the construction industry in Israel to 1,200 from 800.

Turkey also agreed to let Israeli airlines land in Turkey with armed security guards. There has also been progress in settling the policy for compensating victims from the Marmara flotilla. Continue Reading »

Category: Israel News | Tags: ,
| December 20, 2013
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US Senate committee passes bipartisan US-Israel Energy Cooperation Enhancement Bill

 

The new Cooperation Enhancement Bill designed to foster partnership on developing natural gas, alternative fuels on academic, business & governmental levels.

Sen. Mary Landrieu, The US is “uniquely qualified to lead the effort to help Israel develop” its new-found hydrocarbon resources.

By SHARON UDASIN

 

 

The United States Senate Energy and Natural Resources Committee on Thursday passed a bipartisan bill that aims to bolster collaborations between Israel and the US on energy issues.

A natural gas rig west of Haifa, Israel. - Photo: Albatross Aerial Perspective/AP

The Tamar gas rig off the coast of Israel – Photo: Albatross Aerial Perspective/AP

Led by Sen. Mary Landrieu (D-Louisiana), alongside Sens. Ron Wyden (D-Oregon) and Lisa Murkowski (R-Alaska), the United States-Israel Energy Cooperation Enhancement Bill hopes to foster partnerships on developing resources such as natural gas and alternative fuels, on academic, business and governmental levels. Continue Reading »

Category: Israel News | Tags: , , ,
| December 19, 2013
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Liberman has a new friend, China’s Foreign Minister

The Chinese minister’s visit succeeded in strengthening bilateral ties by discussing business growth and encourage tourism with increased airline service.

By Ari Yashar

 

Amid signs of an emerging alliance between the two nations, Israeli Foreign Minister Avigdor Liberman met his Chinese counterpart Wang Yi on Thursday, welcoming Wang’s first visit as another step in strengthening bilateral relations.

As part of the rapidly warming ties, the two agreed to upgrade the annual national dialogue between Israel and China to a more senior level.

Liberman in late November called on Israel to search for new allies amid tense relations with the US over the Iranian nuclear deal. Continue Reading »

Category: Israel News | Tags: , ,
| December 8, 2013
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Companies connected to Israel added $6.2 billion to Massachusetts economy

 

An independent study by a global strategic consulting and research firm, reveals that Israeli-founded businesses generate enormous jobs, revenue & capital activity in Massachusetts.

By JTA

 

 

BOSTON — Companies with connections to Israel contributed $6.2 billion to the Massachusetts economy last year, a new study found.

Massachusetts Gov. Deval Patrick - Photo: New England - Israel Business Council

Massachusetts Gov. Deval Patrick – Photo: New England – Israel Business Council

The study, released on Thursday, was conducted by the consulting firm Stax and supported by Combined Jewish Philanthropies of Boston. It found that, when accounting for other business spending, the full economic impact of companies with Israel ties contribute $11.9 to the state economy.

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Category: Israel News | Tags: , ,
| November 15, 2013
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India & Israel’s ties grow strong as nations do business

 

Conference brings together academics, business people & politicians from both countries to talk agriculture to technology for increased cooperation.

‘The economic potential between India & Israel, specifically within high tech sector, is huge,’ Israeli attendee reports.

By Linda Gradstein, The Media Line

 

The ties between Israel and India are growing stronger each year. India is buying Israeli companies and establishing more joint ventures between the nations.

Flags“We work with small and marginal farmers and we have a lot of problems in terms of water and productivity,” Dr. Suchita Bhandari, the business head of Bold Tree Tech Ltd.

“We find Israel has managed these things very well so we are looking to have the transfer of technology from Israel to India.” Continue Reading »

Category: Israel News | Tags: ,
| September 15, 2013
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Israel & PA Renew Agricultural Accords After 13 Year Delay

The agricultural cooperation will help reduce regional tensions, by creating economic committees & workshops for PA farmers etc, that are good for both sides.

By Maayana Miskin

 

Israel and the Palestinian Authority have agreed to renew the agricultural accords that were in place prior to the outbreak of the “Second Intifada” terror war in 2000.

Agricultural officials from both sides met and agreed to establish a regional center for economic and agricultural cooperation.

The initiative aims to improve food quality for the PA population, and to assist both Israel and the PA in fighting crop disease and infestation, both of which can easily cross man-made borders. Continue Reading »

Category: Israel News | Tags: , , ,
| August 21, 2013
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Israel & India: 2 Great Democracies that Should Widen their Strategic Ties

India-Israel ties have been deepening for many years now, but there are still many more  common endeavors the 2 countries could be working on together.

By Noah Beck

 

At first glance, Hindu-majority India, with approximately 1.2 billion people and an entire subcontinent, would seem to have little in common with Jewish-majority Israel, which has only about eight million people living on territory that’s just roughly 15 times the size of India’s capital city. While full diplomatic relations were established between Jerusalem and New Delhi only in 1992, the two countries actually have much in common.

Both countries are homelands for ancient peoples who gained their indepndence from the British in the 1940s. Continue Reading »

Category: Israel News | Tags: , , , ,
| August 10, 2013
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To boost economies, Israel & China set to expand cooperation in sci-tech

 

Admiring Israel’s achievements, Chinese Ambassador to Israel tells Science, Technology & Space Minister Peri, cooperation will create jobs & infrastructure for both countries.

By JUDY SIEGEL-ITZKOVICH

 

 

 

Chinese ambassador to Israel Gao Yanping voiced her admiration for Israel’s achievements in science and technology on Wednesday in a meeting with Science, Technology and Space Minister Yaakov Peri.

Minister Peri and Chinese Ambassador Gao Yanping.

Minister Peri and Chinese Ambassador Gao Yanping.- Photo: Courtesy- Ministry of Science, Technology and Spac

The ambassador, who was born in Nanjing and holds advanced degrees in law in addition to her bachelor of arts degree, told Peri that cooperation in these fields between the two countries will benefit both her own giant country and the small State of Israel. Continue Reading »

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