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Ari Rabinovitch

Israel to invest billions to get rail and roads up to speed

Nov 28 2018

TEL AVIV Israel is unrolling a major pipeline of investments to get rid of persistent traffic jams that are hampering economic growth. To unclog the developed world's most congested roads, the government will partner with private contractors and banks, both Israeli and foreign, marking a shift in policy after a series of transport projects were criticized for delays and mismanagement.

Bank of Israel raises rates in surprise first hike since 2011

Nov 26 2018

JERUSALEM The Bank of Israel, in a surprise move, raised short-term interest rates for the first time in more than seven years on Monday, and indicated that its monetary tightening path will be slow and steady.

Pipeline deal brings export of Israeli gas to Egypt within sight

Sep 27 2018

JERUSALEM Companies operating in both Israel and Egypt will buy a 39 percent stake in the EMG pipeline to enable a landmark $15 billion natural gas export deal to begin next year, the partners said on Thursday.

Arison to divest controlling stake in Israel's Bank Hapoalim

Sep 04 2018

JERUSALEM U.S.-Israeli billionaire Shari Arison said on Tuesday she will sell off shares in Israel's largest bank, Hapoalim , to the public after failing to find a strategic partner to share control of the business.

Israel seeks early re-tender of mining rights to shore up Dead Sea

Aug 12 2018

EIN BOKEK, Israel The Dead Sea is shrinking at the rate of about a meter a year, leaving behind deserted beaches and sinkholes in a slow-motion environmental disaster. | Video

Teva Pharm shares sink as sales forecast disappoints market

Aug 02 2018

TEL AVIV Teva Pharmaceutical Industries on Thursday raised its profit outlook for 2018 after reporting a smaller than expected drop in second-quarter net profit, but its shares tumbled eight percent on disappointment over its unchanged revenue outlook.

Israel's Bank Leumi expects to complete credit card unit sale this year

Jul 29 2018

JERUSALEM, July 29 Israel's Bank Leumi expects to complete the 2.5 billion shekel ($685 million) sale of its credit card unit Leumi Card to Warburg Pincus by the end of the year, bank executives said on Sunday.

Israel plans to land unmanned spacecraft on moon in February

Jul 10 2018

YEHUD, Israel An Israeli non-profit group plans to land an unmanned spacecraft on the moon in February in the first landing of its kind since 2013. | Video

Israeli firm gets U.S. nod for advanced trials for non-opiate painkiller

Jul 10 2018

JERUSALEM Israeli pharmaceuticals company PainReform has received approval from the U.S. Food and Drug Administration (FDA) to begin late-stage clinical studies for a pain relief drug that is a departure from opiate-based narcotics, it said on Tuesday.

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