Jerusalem, Oct 11 - The world's biggest generic drugs manufacturer Teva Pharmaceutical Industries will fire 10 percent of its workers worldwide, the Israeli-based company announced Thursday.
Most of the 5,000 employees will be fired by the end of 2014. The move will help Teva save $2 billion annually by 2017, compared to the previously guided range of $1.5-2 billion, reported Xinhua citing the company's statement.
Israel is keen to strengthen its relations with India and share its resources in agriculture, water and medical technologies, a senior authority in the Israeli Ministry of Foreign Affairs said.
Eli Belotsercovsky, Israeli Ministry of Foreign Affairs' Director of Economic Relations with India & China, said on Tuesday that India was a very important partner to Israel in the field of trade as well as in general.
Jerusalem, June 29 : US Secretary of State John Kerry may soon announce a peace summit to renew negotiations between Israel and the Palestinians, a media report said Saturday.
"There is a high probability that a four-way summit will take place, perhaps as soon as this week," Israel's Ha'aretz daily cited an unnamed Israeli official as saying.
The report said the summit will take place in Jordan's capital Amman, with the participation of Israel, the Palestinian Authority, the US and Jordan.
Jerusalem, June 24 : An Israeli technology company has developed a method where old or outdated phones can run apps available only on smartphones.
The system developed by the VascoDe company allows users to obtain apps with the firm's cloud-based system that requires no downloads and uses the text-based Unstructured Supplementary Service Data (USSD), similar to the Short Message Service (SMS), Xinhua reported.
Customers will be able to use many apps available until now for smartphone users only.
However, the only difference is that they will see the apps in black and white.
Jerusalem, June 19 : Palestinians "should have a state, not as a reward for good behaviour but as a right", Tony Blair, the official envoy of the Middle East Quartet, said Wednesday.
Blair cautioned Israeli leaders that the "window of opportunity" for peace with the Palestinians might close shortly, Xinhua reported.
"Some say the two-state solution is a fantasy. The fantasy is thinking one-state is sustainable or consistent with Israeli values," Blair said at the Fifth Presidential Conference hosted by Israeli President Shimon Peres.
Israel will not do anything that could undermine India's security because it will in no way compromise on its excellent, strategic relations with India, Israel's defence ministry said in a press release.
The Israel's defence ministry released the statement to the media in response to some reports that Israel has sold some military equipment to Pakistan.
On Tuesday, the Haaretz newspaper cited official reports from the UK hinting that Israel had sold defence equipment to some countries, including Morocco and Pakistan.
Jerusalem, June 5 : Israeli Finance Minister Yair Lapid has signed a decree to raise the purchase tax on alcoholic drinks by 25 percent.
As of July 1, the purchase tax on alcoholic beverages would be $28.5 per liter of alcohol, instead of $23 per liter.
Lapid surprised alcohol consumers in the country by bringing the decree into effect five months earlier than expected.
The Israeli government expects to gross in an estimated 200 million shekels (about $54 million) as a result of the hike.
Jerusalem, April 12 : An Israeli biotech company has developed a way to turn extra fat into new bones to replace missing or damaged bone structure.
With the new findings, Bonus Biogroup based in the northern Israeli city of Haifa, will help millions of people all over the world suffering from bone diseases such as osteoporosis, bone infection and also accidents that cause irreparable damage to the bones, reported Xinhua.
By making the cells grow in a scaffold after scanning the patient's bones to determine the shape, these cells then fill a mould and make a completely new bone resembling the lost one.
Jerusalem, April 8 : Israel Aerospace Industries (IAI) is operating its integrated command, control and communication center in Brazil, the company said in a statement.
Israeli personnel have been dispatched to operate MC4, developed by IAI's MLM Division (which specializes in the development and production of missiles, communications, simulators and other space related products), in an undisclosed Brazilian state as part of intense marketing efforts.
A team of archaeologists have said that they have discovered an ancient wine-pressing factory spreading across more than 1,000 square feet in Israel among the ruins of an ancient Byzantine settlement.
The Israel Antiquities Authority (IAA) said that researchers discovered a ceramic lantern shaped like a miniature church and carved with crosses, indicating that the wine factory belonged to a Christian. The discovery was made at Hamei Yo'av in Israel along the ancient settlement from the Byzantine times.
The production of Natural gas has begun at Tamar field and the gas is expected to reach Israel's shores on Sunday after flowing through nearly 200 kilometers of pipelines.
The Ministry of Energy and Water Resources of the government of Israel said that the production will address the shortage of natural gas in the country. It is believed that the supply of natural gas from Tamar will be partial and full capacity will only be restored after a few weeks. The Tamar field was discovered in the year 2009 and it has an estimated 9 trillion cubic feet of natural gas.
Jerusalem, March 22 - US President Barack Obama called on the Israeli government Thursday to stop building settlements in the West Bank and East Jerusalem, saying continued settlement activity was "counterproductive" to peace.
Obama, who is on a three-day state visit in Israel, made the appeal during a keynote speech to Israeli students, Xinhua reported.
According to the latest data released, the benchmark bonds of the Israeli government fell and its yields rose its fastest in three weeks.
The fall in bonds was recorded after suggestions that the government will record a high budget deficit and may struggle to repay its debt to the lenders.
The yield on the 4.25 per cent securities set to mature in March 2023 increased 0.02 percentage point to 3.93 per cent this afternoon in Tel Aviv.
Jerusalem, Feb 26 : Israel successfully carried out Monday the first flight test of its Arrow III ballistic missile interceptor, the Israeli Defense Ministry said in a statement.
The ministry''s Missile Defense Organization and the U. S. Missile Defense Agency jointly conducted the trial from an Israeli range on the Mediterranean coast.
The interceptor flew an exo-atmospheric trajectory in line with the test plan, the statement added.
UNESCO has expressed its opposition to the proposed plans to redevelop some areas in central and north Tel Aviv.
Some suggest that the city of Tel Aviv could even loose UNESCO World heritage Site status if the redevelopment plan is implemented. Israel's Minister of Education Gideon Sa'ar has joined property owners to oppose Tel Aviv-Jaffa Municipality's plans to redevelop Quarters 3 and 4 of the city. Tel Aviv city engineer Oded Gvuli has also expressed opposition to the redevelopment plan.
Mumbai-based Sun Pharmaceuticals and Israel's Taro on Friday announced a mutual accord to terminate their merger agreement which was announced in August last year.
Sun, which already owns 66.3 per cent stake in Taro, had agreed to acquire full control of its Israeli drug unit by purchasing the remaining shares for $39.50 apiece.
But in a joint statement yesterday, the two companies announced that they had termination of the merger agreement, adding that the termination would be in the best interests of both parties.
Israeli scientist Ada E. Yonath, who is on a visit to India in a Crystallography event, has said that a profound respect for knowledge is a key characteristic among Israeli citizens and this has resulted in the high number of Nobel prize winners in the tiny nation.
London, Feb 6 : Israel's Prime Minister Bejamin Netanyahu has urged world leaders to declare Hizbollah a terrorist organisation.
Netanyahu said Hizbollah has built a "worldwide terrorist" network and was planning attacks in more than 20 countries.
His remarks came shortly after Bulgarian authorities blamed the group for a deadly bus bombing in 2012, the Telegraph reports.
Tel Aviv, Feb 5 : You may dismiss pea aphids as irritable insects, but their skills could teach aerospace engineers a thing or two about flight control, says an Israeli research.
The research shows that the insects can free fall from the plants they feed on and -- within a fraction of a second -- land on their feet every time.
Oftentimes, the falling aphids manage to cling to a lower part of the plant by their sticky feet on the way down, avoiding the dangerous ground altogether, the journal Current Biology reports.
The Jewish National Fund has claimed that a total of more than 600,000 new saplings were planted over the holiday weekend this Tu Bishvat or Israel's Arbor Day, setting a new record.
The Jewish National Fund has also said that the week-long activities associated with Tu Bishvat, will see planning of one million new saplings in forests and parks across different parts of Israel. It is known that when the restoration work began in Israel, the country was mostly on barren land, which is now being transformed into lush green forests.