Now that the ice has been broken, I expect more Arab and Muslim countries will follow the United Arab Emirates’ lead. President Donald J. Trump SECURING ANOTHER HISTORIC AGREEMENT: President Donald J. Trump has brokered a deal to establish full diplomatic relations between Bahrain and Israel – the second such agreement between Israel and an Arab nation in less than one … [Read more...] about President Donald J. Trump Has Brokered a Historic Deal Between Israel and the Kingdom of Bahrain
Remarks by President Trump, President Vučić of Serbia, and Prime Minister Hoti of Kosovo in a Trilateral Meeting
PRESIDENT TRUMP: Okay, well, thank you very much. This is a truly historic day — a very, very important day, especially in a beautiful part of the world. I’m pleased to announce a truly historic commitment: Serbia and Kosovo have each committed to economic normalization. Very expect — very important term. They’ve been working on this for many, many years — decades, … [Read more...] about Remarks by President Trump, President Vučić of Serbia, and Prime Minister Hoti of Kosovo in a Trilateral Meeting
Haifa: A Tale of Two Ports
Any attempt to modernize, reform and privatize the old port in Haifa is doomed, the bloated workforce with strong trade union is politically toxic. The Israeli government made a smart move - it plays a new modern Chinese-owned port against the old one. A tale of two Haifa ports could be a Netflix TV show with intricate plot twists, something along the following … [Read more...] about Haifa: A Tale of Two Ports
Trans-Arabian Pipeline with Oil Terminal in Haifa Port May Become a Reality
The peace agreement between UAE and Israel may revive one day the Trans-Arabian Pipeline (Tapline) with oil terminal in Haifa Port. The project of the Trans-Arabian Pipeline (Tapline) was conceived in 1947 and initially was intended to transport oil from Qaisumah in Saudi Arabia to Haifa. An analysis has estimated that the transportation cost of exporting oil via the Tapline … [Read more...] about Trans-Arabian Pipeline with Oil Terminal in Haifa Port May Become a Reality
Tel-Aviv Stock Exchange Bridges the Gap between Israeli High-Tech and Thousands of Institutional and Accredited Investors with TASE UP
Newly Launched Innovative Electronic Platform TASE UP Allows Companies and Funds, For the First Time, to Raise Capital from Institutional and Accredited Investors and Remain Private TASE has entered into several collaborations, including with Jefferies, Novus, Fundit and IVC Comedian, Adi Ashkenazi, will be fronting the TASE UP launch campaign The Tel Aviv Stock … [Read more...] about Tel-Aviv Stock Exchange Bridges the Gap between Israeli High-Tech and Thousands of Institutional and Accredited Investors with TASE UP
Lebanon: Renewed Instability Following August Blast
On August 10, Lebanese Prime Minister Hassan Diab and his cabinet resigned in the wake of a massive explosion at the port of Beirut that killed at least 178 people and injured thousands. The blast displaced an estimated 300,000 people, and Lebanese President Michel Aoun estimated the damage at the port to be roughly $15 billion. The explosion triggered widespread outrage among … [Read more...] about Lebanon: Renewed Instability Following August Blast
Joint Statement of the United States, the State of Israel, and the United Arab Emirates: Full normalization of relations between Israel and the United Arab Emirates
President Donald J. Trump, Prime Minister Benjamin Netanyahu of Israel, and Sheikh Mohammed Bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates spoke today and agreed to the full normalization of relations between Israel and the United Arab Emirates. This historic diplomatic breakthrough will advance peace in the Middle East region … [Read more...] about Joint Statement of the United States, the State of Israel, and the United Arab Emirates: Full normalization of relations between Israel and the United Arab Emirates
Cellcom Israel Announces Dismissal of a Purported Class Action Filed Against the Company
Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company") announced the dismissal of the recently announced purported class action filed against the Company, alleging that the Company misled its customers by failing to disclose certain information in relation to a certain service. The amount claimed from the Company, had the lawsuit been certified as a class … [Read more...] about Cellcom Israel Announces Dismissal of a Purported Class Action Filed Against the Company
The Tel-Aviv Stock Exchange Ltd. Reports the Results of the Financial Statements for the Second Quarter of 2020
Ittai Ben-Zeev, CEO of the Tel Aviv Stock Exchange, says today: "We are concluding the second quarter since the coronavirus outbreak and its adverse effects on the local and global economy. The aid extended by governments and central banks overseas and in Israel to stimulate economic activities and support citizens in the shadow of the restrictions that were imposed in many … [Read more...] about The Tel-Aviv Stock Exchange Ltd. Reports the Results of the Financial Statements for the Second Quarter of 2020
Elbit Systems Announces the Results of its Extraordinary General Meeting of Shareholders Held on August 10, 2020
HAIFA, Israel, Aug. 11, 2020 - Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (the "Company") announced today that at its Extraordinary General Meeting of Shareholders (the "Meeting") held on August 10, 2020, at the Company's offices in Haifa, the proposed resolution described in the Proxy Statement to the Shareholders dated July 6, 2020, and described below, was approved by … [Read more...] about Elbit Systems Announces the Results of its Extraordinary General Meeting of Shareholders Held on August 10, 2020
U.S. officials have raised some concerns with Israel over Chinese investments in Israeli high-tech companies and civilian infrastructure
"U.S. officials have raised some concerns with Israel over Chinese investments in Israeli high-tech companies and civilian infrastructure that could increase China’s ability to gather intelligence and acquire security-related technologies. While Chinese state-owned companies remain engaged in some specific infrastructure projects, including operations at Haifa’s seaport set to … [Read more...] about U.S. officials have raised some concerns with Israel over Chinese investments in Israeli high-tech companies and civilian infrastructure
Nick Cannon to Discuss Antisemitism on AJC Advocacy Anywhere Online Program
Nick Cannon will appear Monday on the popular American Jewish Committee online program, AJC Advocacy Anywhere, for a candid conversation about antisemitism, racism, and Black-Jewish relations. The online series has attracted more than three million viewers worldwide since its inception in March. The live AJC program will take place at 2 pm (ET) on Monday, August 10. … [Read more...] about Nick Cannon to Discuss Antisemitism on AJC Advocacy Anywhere Online Program
Beirut-Style Explosion Unlikely to Happen in Haifa
Prof. Dan Shechtman of Haifa’s Technion said that the Beirut-style explosion is unlikely to happen in Haifa. The more realistic and just as grim perspective is to die slowly from air pollution. … [Read more...] about Beirut-Style Explosion Unlikely to Happen in Haifa
Cellcom Israel Announces a Purported Class Action Filed Against the Company
Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company") announced today that a purported class action was filed against the Company, alleging that the Company misled its customers by failing to disclose certain information in relation to a certain service. The amount claimed from the Company, if the lawsuit is certified as a class action, was estimated by the … [Read more...] about Cellcom Israel Announces a Purported Class Action Filed Against the Company
Chromagen: Beware of Damaged Goods!
Imagine that you bought a new shiny high end refrigerator from a leading brand company and upon delivery discovered scratches and dents on the fridge surface? You would expect product replacement irrespectively whether the refrigerator performs properly or not. Well, Chromagen, the company that positions itself as a market leader of the Israeli water heating market, has a … [Read more...] about Chromagen: Beware of Damaged Goods!
New Chinese-operated port in Haifa under construction
The ZPMC floating crane is spotted in the Haifa Port. Shanghai Zhenhua Heavy Industries Company Limited (ZPMC) is a Chinese state-owned multinational engineering company and one of the world's largest manufacturers of cranes and large steel structures. "Shanghai Zhenhua Heavy Industries (ZPMC) has shipped the first batch of four ship-to-shore (STS) cranes and two … [Read more...] about New Chinese-operated port in Haifa under construction
Ending tax break on imported items will take impoverished Israeli citizens to the street
Reportedly the Israeli government is going to end a tax break relieving Israeli citizens from VAT and customs duty on personal imports from abroad valued at $75 or less. This tax break, no matter how small it was, has been a breath of fresh air for Israeli consumers for the last decade. Instead of paying exorbitant prices for obsolete goods and being a hostages of inefficient … [Read more...] about Ending tax break on imported items will take impoverished Israeli citizens to the street
Israeli Economy Stuck Behind Coronavirus
Israel Missing Hydrogen Revolution
"Israel has been late in adopting solar energy despite its natural geographic advantage, now Israel is missing the hydrogen revolution." Source: Hydrogen Market Analysis: Hydrogen Economy is Already Here and Now Just like sunflower is a natural factory transforming solar energy into chemically held energy of sunflower oil, Israel could be a natural hydrogen-producing … [Read more...] about Israel Missing Hydrogen Revolution
Israel and the Palestinians: Chronology of a Two-State Solution
1967 Arab-Israeli War: Israel captures West Bank (including East Jerusalem) from Jordan, Golan Heights from Syria, and Gaza Strip and Sinai Peninsula from Egypt. U.N. Security Council Resolution 242 1978 Camp David Accords 1979 Israel-Egypt peace treaty 1981 Israel unilaterally applies civilian law to the Golan Heights, effectively annexing it; U.N. Security Council … [Read more...] about Israel and the Palestinians: Chronology of a Two-State Solution