Tag Archive for economic ties

| December 16, 2019
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Israel’s pavilion at 2020 Expo in Dubai seen as gateway into Arab world

Foreign affairs expert say, while obviously still concerned about the Palestinian issue, Israel’s invitation to participate at the 2020 trade fair in Dubai is demonstrative in being accepted as an integral, strategic player in the mid-East.

By AFP

 

With the world’s largest trade fair opening in an Arab country for the first time next year, Israel is stepping up preparations, hoping to boost nascent ties with regional neighbors.

The Dubai Expo 2020 trade fair will gather nearly 200 countries vying for the attention of a projected 25 million visitors over nearly six months from October.

Skyline of Downtown Dubai with Burj Khalifa from a Helicopter.

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Category: Innovations & Discoveries, Israel News, Mid-East News | Tags: , , ,
| October 14, 2016
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Israeli exports to Africa double as China’s imports decline

 

With Africa’s rapid economic growth, a quarter of Israeli exporters believe that Africa holds the market where they can expand the most effectively, since China is currently suffering slight economic stagnation.
– Israel’s top Africa exporting partners are: Zambia, Kenya, and Ethiopia.

By Roi Bergman

 

Israel has been exporting more to Africa as the continent experiences significant economic growth and as the Chinese economy begins to weaken.

Prime Minister Benjamin Netanyahu at summit meeting with leaders of 7 East African states - Photo: Israel's GPO/Kobi Gideon

Prime Minister Benjamin Netanyahu at summit meeting with leaders of 7 East African states – Photo: Israel’s GPO/Kobi Gideon

The Israel Foreign Trade Risks Insurance Corporation (ASHRA) has approved 28 deals to be covered by the insurance corporation. Continue Reading »

Category: Israel News | Tags: , , ,
| May 24, 2016
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Israel’s economy strengthening with development of energy sector

 

Israel’s geopolitical decision of exploiting the gas discovery for diplomatic purposes improved the geostrategic status of the State of Israel in the US, Europe & the Mid-East.

By MICHELLE MALKA GROSSMAN

 

Israel’s natural gas discoveries could be key in transforming diplomatic relations in the region while boosting its growing economy, a number of experts said on Monday at the Jerusalem Post Annual Conference in New York.

THE TAMAR gas field platform juts above the Mediterranean – Photo: MARC ISRAEL SELLEM

At the conference’s panel on the Israeli economy, International economic law scholar and practitioner Efraim Chalamish said Israel’s energy sector has the potential to really advance the “start-up nation” since it allows for large companies to be part of the economy, employing large workforces made up of people diverse backgrounds and skill levels. Continue Reading »

Category: Israel News | Tags: , , , ,
| October 23, 2014
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Japan Digs into Israel’s Market With Its Best Kosher Food & Drink

Japanese & Israeli trade officials and businessmen all agree: Japan has found a market in Israel, and the sake has just started flowing.

By Ari Yashar

 

 

As America and Europe become ever more critical in foisting political agendas on their relations with Israel, the Jewish state is turning its eyes to the east – where it has found a natural ally in Japan, holder of the world’s third-largest GDP.

Bringing Japanese food to the heart of Jerusalem

Bringing Japanese food to the heart of Jerusalem – Different View

That alliance is advancing rapidly under the guidance of the Japan External Trade Organization (JETRO), a government-related group whose representatives at the Japanese Culture Week in Jerusalem told Arutz Sheva  on Monday night they are witnessing something of a renaissance in Japanese-Israeli trade. Continue Reading »

Category: Israel News | Tags: ,
| October 20, 2014
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Israel’s Agreement to Sell $700 Million in Natural Gas to Egypt Awaits Gov’t Approval

Israel’s Tamar gas field’s partners announced signed letter of intent to sell 5 billion m3 of gas valued at $700 million to Egypt over the next 3 years, awaits final approval by Israel & Egypt.

By Hezi Sternlicht, Reuters and Israel Hayom Staff

 

The partners in Israel’s offshore Tamar gas field announced Sunday that they have signed a memorandum of understanding for the sale of at least 5 billion cubic meters of gas to Egypt’s Dolphinus Holdings over the next three years, via an old pipeline built to send gas in the other direction.
Tamar

The Tamar offshore drilling site [Archive] – Photo: Albatross

Energy industry experts hedged Monday that the deal could be worth some $700 million.

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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: , , , , ,
| 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: , , ,
| 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: , , ,
| February 21, 2014
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Kazakhstan & Israel Strengthen Economic Ties

 

Israel’s former Prime Minister Ehud Barak met with President Nursultan Nazarbiib at Kazakhstan’s presidential palace to discuss common needs for closer cooperation.

By Tova Dvorin

 

Former Defense Minister Ehud Barak visited Kazakhstan Thursday, according to Walla!, to strengthen Israel’s economic ties with the Sunni Muslim-majority nation.

Nursultan Nazarbayev and Ehud Barak - Photo source: Sondakika.com

Kazakhstan President Nursultan Nazarbayev (R) and (L) Former Defense Minister Ehud Barak – Photo source: Sondakika.com

Barak met with President Nursultan Nazarbiib in the presidential palace in Astana, according to the daily. They reportedly sat for about an hour and discussed the possibility of further cooperation in regard to agriculture, health services, and industrial innovation. Continue Reading »

Category: Israel News | Tags: , , ,