An Israeli architectural simulation system is being used to help build one of the stadiums for the 2014 World Cup soccer tournament that is set to take place in Brazil.Brazilian organizers asked Ziggurat Systems to develop a coordination model that …
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UK retail companies shop Israeli technology
UK’s largest retailers including Marks & Spencer, Tesco and John Lewis are now in Israel on a business and technology mission.
Sweet deal: Israel’s sugar to EU
Europe is suffering from a major sugar shortage, and Israel’s primary sugar mill, Sugat, has been called to the rescue.For the first time since the 1970s, the Kiryat Gat-based Sugat will export 15,000 tons of refined sugar to Italy, Spain, …
New $160m Israel-Europe tech fund
Venture capital house Greylock Israel Partners has closed a $160 million fund, Greylock Israel II, from which it will continue to invest in exceptional enterprise and consumer technology companies at all stages of development in Israel and Europe. “Greylock Israel …
New int’l brain research center in Israel
On the opening of the 10th ILSI-Biomed Conference 2011 today, Israeli President Shimon Peres announced the launch of a new international center in Israel set to conduct brain research and to promote the neuro-technology field. Peres said he would set up …
Huge desalination plant to open
Israel’s Finance Ministry has approved funding for the construction of a seawater desalination plant in Sorek, said to be one of the world’s largest such plants. Construction is scheduled to be completed in 2013, at a cost of $400 million. …
Marvell to invest $200m in Israel
Marvell Technology said it will invest $200 million in its two research and development (R&D) centers in Israel. The Silicon Valley chip designer co-founders, chairman and CEO Dr. Sehat Sutardja and his wife, VP Weili Dai, were in Israel this …
Israel’s Cedar wins award at Cannes
Israeli film director Joseph Cedar clinched the best screenplay award at the Cannes Film Festival for his film, Footnote. Footnote is a drama-comedy about the rivalry between a father and son who are competing Talmud scholars at the Hebrew University …
Israel No.1 investor in R&D
Israel is still the world’s top investor in R&D as a proportion of GDP in 2011, according to the World Competitiveness Index by Switzerland’s IMD Business School. Israel ranked 17 out of 59 countries in competitiveness overall, the same as …
Harrah’s buys Israeli Playtika for $80m
Israeli social games developer Playtika has been acquired by Harrah’s, a unit of Caesar’s Entertainment Corporation, at a company value of $80-90 million. The buyout comes just one year after Playtika was founded.Harrah’s purchase is the largest acquisition of an Israeli …
Rambam, Thai institute collaborate on cancer research
Israel’s Rambam Medical Center has signed an agreement with Thailand’s Chulabhorn Research Institute (CRI) to begin cooperation in cancer research with Thailand.CRI President Princess Chulabhorn Mahidol (the daughter of Thailand’s King Bhumibol Adulyadej and Queen Sirikit) and who is also …