Consortium raises NIS 100 million in capital and NIS 200 million in bank guarantees needed for the joint venture, which will enable Internet speeds of one gigabit per second - 100 times more than what is available now.
"Three years ago there was no activity whatsoever, and this year there will be more activity than with countries such as the United States, Italy and Germany. Not a week goes by that I don't host a Chinese delegation," Hasson says.
"In Israel, the Chinese are looking for technology and don't care much how they get it. They want to invest, buy the technology and collaborate …. We're not a threat to the Chinese and make a natural partner. The Chinese are aware of the Israeli story and hold our abilities and culture in tremendous esteem," he adds.
According to Israel's Central Bureau of Statistics, the number of Chinese visitors to Israel increased by 27 percent during the first five months of 2013 versus the same period last year. In 2012, more than 20,000 visitors from China arrived in Israel.
the two men locked into a detailed exchange when the topic of cyber-security came up. Snyder talked about using a “cyber-range” to let hackers attack your systems to find out where weaknesses are.Netanyahu grabbed a piece of paper, jotted down some notes, “and the whole tone of the conversation changed,” Kinsler said. They talked about the economy, about approaches to governing — Snyder handed Netanyahu one of his cards with his 10 priorities for reinventing Michigan and talked about working in dog years.“It was just the two of them connecting,” as if others weren’t in the room, Kinsler said.“It was pretty amazing,” Finney agreed.
[EoZ]: Also:
Department store Hamashbir 365 Holdings Ltd. (TASE:MSAH) is teaming with e-commerce giant eBay Inc. (Nasdaq: EBAY), in its first collaboration with an Israeli retailer. Hamashbir will set up a website by the end of the year with eBay, for the sale of Hamashbir products, from perfumes and cosmetics through household goods, to online shoppers worldwide. This is Hamashbir's first online venture.And:
IBM Corp. (NYSE: IBM) today announced it is acquiring Herzliya-based CSL International, which provides virtualization management technology for IBM's zEnterprise system. Financial terms were not disclosed but market sources believe IBM is paying about $10 million. The Israeli company has eight employees.Plus:
This is IBM's twelfth acquisition in Israel.
Fox-Weizel Ltd. (TASE: FOX) will launch the US label The Children's Place in Israel in March 2014, it said at an analysts conference on Sunday. Altogether, Fox plans to expand its stores by 52% from the 293 stores at the end of 2012 to 447 stores by the end of 2015.[Zvi] I have been posting a lot of #BDSFail's recently [in the comments at EoZ]- and explicitly labeling them as such - to give everyone a sense at how absolutely, miserably, pathetically BDS is failing every single day. The Bigotry and Double Standards "movement" uses underhanded tactics, procedural tricks, Saturday votes, non-democratic means, lies, prejudice, intimidation, threats and distortions, and still struggles frantically to get an extreme-left union or a left-elitist food coop to stop buying from Israel. It takes them weeks or months to make this happen.