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Playtika to invest $400 million in Israeli digital entertainment  businesses
IBM is expanding the Cyber Excellence Center in Beer Sheba
UPS launches an incubator to foster cooperation with Israeli start-ups
Teva closes plant in Netanya and Buffet buys 14 million shares
816 Views Details

by Ifi Reporter

Category: Health

The Teva plant in Netanya will be closed by the end of next year, and about two hundred and forty workers will be fired. This was the decision of the Company's management. The laid-off employees are part of the 1,700 employees the company decided to lay off at the end of last year. The Nature Plant of Netanya produces the active part of various drugs, and is considered less profitable. Shaul Amsterdsky writes that this production activity is expected to be pressured into Israel Billionaire Warren Buffett is investing in the Israeli drug manufacturer Teva. Buffett's investment company,...

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Feb 15, 2018

Orkam developed glasses for the blind: is worth $1 billion
1932 Views Details

by Ifi Reporter

Category: Hitech

Orkam's founders Amnon Shashua and Ziv Aviram announced a $ 30 million financing round. This round turned Orckem's value to $ 1 billion.   The company has developed glasses for the blind, and they have a unique camera that scans and reads to the one that each text contains, and even recognizes faces and products.   In anticipation of the expected IPO in the coming year, the company is interested in raising another $ 100 million and reaching a company value of $ 2 billion. "I think the potential of the company is far greater than that of Mobily," said CEO and founder Ziv Aviram after the...

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Feb 20, 2018

Intel will invest in it's plant in Israel $ 5 billion by 2020
755 Views Details

by Ifi Reporter

Category: Government

Intel will invest 5 billion $ in it's plant in Kiriat Gat. In a meeting held at the Ministry of Economy with the participation of Industry and Trade Minister Eli Cohen, Director General Shai Rinsky, Investment Authority Director Nahum Itzkovich and Chief Scientist Ami Appelbaum and representatives of Intel, CEO Yaniv Garti and plant manager Danny Ben Attar, The company intends to expand the production activity at its plant in Kiryat Gat, already during the current year, with an investment of $ 5 billion, which will be completed by 2020.

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Feb 21, 2018

 The F-16 pilot is blamed for being shot down during an attack on Syria
731 Views Details

by Ifi Reporter

Category: Government

The investigation of the downing of the Israeli plane by a Syrian missile shows that the pilot was wrong and did not act as required. The pilot's actions were not in the order of priorities that had to be taken when he was shot down. The pilot had to operate defense systems that were apparently preventing the missile from being hit, but he chose to continue the attack and was injured. As a result of the injury, the pilot activated the exhaust seats. He was badly injured and the navigator was lightly injured.

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Feb 24, 2018

MWC opend: 65 Israeli companies exhibit in a national booth
New low: unemployment rate fell to 3.7%
israel budget in 2019:  NIS 397.3 billion
877 Views Details

The government unanimously approved the Finance Minister's proposal for the State Budget and the 2019 Economic Plan * The state budget in 2019 will amount to NIS 397.3 billion, the education budget will amount to NIS 60 billion,

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Feb 28, 2018

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