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March 23, 2017

Israel looks to leverage tech in $50 billion medical marijuana market

Israel, a leader in marijuana research and health technology, is attracting international investment as it tries to position itself as a cutting-edge exporter in the rapidly-growing market for medical-grade cannabis.

With estimates that the global market for medical marijuana could reach $50 billion by 2025, the Israeli government is set to allow the local industry to start exporting and projects annual revenues in the hundreds of millions of dollars.

Medical cannabis is a relatively new field with no universal clinical standard. Israel aims to fill the void by combining its expertise in agriculture, technology and cannabis-based medicine, said Yuval Landschaft, head of the health ministry’s medical cannabis unit (IMCA).

🔗 reuters.com

May 21, 2017

Gas Talks With Turkey May Wrap Up in Summer, Says Israel Energy Minister

Talks between government officials on building a natural gas pipeline from Israel to Turkey may conclude as early as this summer, Israeli Energy Minister Yuval Steinitz said on Tuesday.

March 13, 2017

Intel Buying Mobileye in Biggest Ever Deal in Israeli High tech

"This acquisition is a great step forward for our shareholders, the automotive industry and consumers," said Intel CEO Brian Krzanich in a release announcing the deal.

February 16, 2017

5 things to know about U.S.-Israel economic ties

From military aid to Israeli R&D outposts for U.S. tech companies, the two countries are deeply intertwined

Israel has received the most U.S. military aid of any country since it was founded in 1948 because its neighbors in the Middle East have vowed to wipe if off the map. Even when the relationship hit a rough patch during the Obama years, the money continued to flow. The U.S. agreed last year to provide $38 billion in assistance over the next decade, the largest deal of its kind ever. However, it was less than what Netanyahu wanted. Israel will use the aid to buy American weapons and defense equipment, such as Lockheed Martin’s (LMT) F-35 Joint Strike Fighter.

🔗 cbsnews.com

January 11, 2017

New Tel Aviv-Jerusalem Highway Opening Next Week

Two tunnels will eliminate a steep incline and sharp turns.

October 11, 2016

Israel’s Housing Market Booming

May 26, 2016

Hello World Israel: Turning Soldiers Into Entrepreneurs

Learn how the constant threat of war has shaped Israel's tech industry.

May 23, 2010

Secrets about the Israeli Technology

Israel is one of the leading countries in the field of biotech research, standing side by side with the European nations and the US. This phenomenon is strange for a country that is in an area which isn't leading the field of academic research, and most of its population hasnt achieved more than basic education. So how did Israel become a technological oasis?