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The Auto Industry in America Seeks New Technology From Israel

The Auto Industry in America Seeks New Technology From Israel

As the Ford Motor Company rolls out Sync 3 dashboard touchscreens on some of its 2016 Escape and Fiesta models, the automaker is scanning the Israeli horizon for cutting-edge technology to put in its future

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Israel’s High Tech Industry is Booming

Israel's High Tech Industry is Booming

Israel’s technology industry is booming, and with too many Israeli high-tech companies and startups looking for too few potential employees, the battle to find the finest high-tech employees in Israel has moved up a gear.

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Israel Leads the Way in Water Technologies to be Showcased at Upcoming WATEC Conference

Israel Leads the Way in Water Technologies to be Showcased at Upcoming WATEC Conference

This post is the first installment in a new series of posts focusing on the 8th International Exhibition and the 5th International Conference on Water Technologies and Environmental Control (WATEC, taking place in Tel-Aviv, Israel,

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The Road to the November 2015 HLS Roadshow – Houston/Atlanta

The Road to the November 2015 HLS Roadshow - Houston/Atlanta

This will be the initial posting in a series to follow the planned November 2015 “Roadshow” of Israeli companies to the Houston, TX and Atlanta, GA areas focusing on Homeland Security and Critical Infrastructure Protection.

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Israeli cabinet approves gas outline agreement

Israeli cabinet approves gas outline agreement

Benjamin Netanyahu: This decision will earn the state treasury hundreds of millions of shekels.   The Israeli cabinet today approved the natural gas plan. All the ministers voted in favor except for Minister

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WIRED Magazine Picks The 10 Hottest Israeli Startups: “Tel Aviv Is Where The Money Is”

Every year, the UK edition of the renowned WIRED Magazine publishes its famous list of 100 European startups, which are carefully selected and featured in the magazine’s September edition. Now we can reveal that 10

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The Office of the Chief Scientist Calls for Proposals For Establishing and Operating Technological Incubators in Israel

The Technological Incubators Program of the Office of the Chief Scientist at the Ministry of Economy issues competitive Processes for establishing and operating four Technological Incubators in Israel in accordance with General’s Directive 8.3 dated

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Israeli Top Innovations at Agritech Tel-Aviv 2015

If you want to know what will be the future in agriculture and Agro Technology, Agritech Tel Aviv is the place to be. The exhibition took place this year in April and was rich with

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BIRD – Israel – U.S. Binational Industrial R&D Foundation to invest $8 million in 10 new projects

BIRD - Israel - U.S. Binational Industrial R&D Foundation to invest $8 million in 10 new projects

June 29, 2015 – During its meeting on June 18, 2015, held in Washington D.C., the Board of Governors of the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation approved $8 million in

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The IMF released a preliminary report of the Israeli economy for 2015

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The Bank of Israel published that IMF mission, headed by Mr. Bas Bakker, presented the Minister of Finance, Mr. Moshe Kahlon., and the Governor of the Bank of Israel, Dr. Karnit Flug, with its preliminary 2015 Article IV Consultation Concluding Statement on Israel’s economy. The IMF is expected to publish within two months its final report on the Israeli economy for 2015.

4 key points emerge from this report:

  1. Israel’s economy is performing well.
    After the global financial crisis, Israel, unlike other countries, maintains its GDP growth and the creation of employment (employment rate increased in 2007 from a rate of 59% to 68%).
  2. Some challenges remain:
    A. The fiscal deficit remains stubbornly high, leaving limited buffers to respond to shocks.
    B. Negative inflation, below the Bank of Israel’s target, but housing prices continue to rise.
    C. Low labor productivity and the gap with the US is widening.
    D. Income inequality is among the highest in the developed countriesOutlook:
  3. Positive economic outlook.
    Expected growth is 3% (up from 2.8% in 2014), due to strong private consumption growth. This is driven the rapid increase in employment, inear-zero interest rates, falling import prices, and the rebound from the impact of military operations last year. Inflation will turn positive, reaching ¾ percent at the end of the year and the target band next year. There is not much slack in the economy: staff judges that the output gap is near zero. In the medium term, output will grow around 3-3 ¼ percent-in line with our current estimate of potential output growth.
  4. Risks to the outlook are balanced.
    Growth could disappoint if growth in Israel’s trading partners were weaker, geopolitical tensions in the region heightened, or the shekel appreciation continued. A sharp correction in housing prices could also slow growth. Growth could also be stronger than expected, for example, if trading partner economies recover faster or investment in the natural gas sector increases. Monetary tightening in the United States would likely help Israel, as it would exert downward pressure on the shekel, which would boost growth and inflation.The IMF is expected to publish within two months of the final report on the Israeli economy for 2015.

    For the full report in English, visit the Bank of Israel.

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