Israel in the News for the Week of July 29th
Over 20,000 hold moment of silence in London for Munich 11
Despite the IOC rejecting the international call for a minute of silence, the British Zionist Federation’s ‘Minute for Munich’ was held in venues across Olympic host city.
(Times of Israel) – More than 20,000 people in various venues in London attended the British Zionist Federation’s “Minute for Munich” program that was promoted via social media.
A short memorial service at the Israeli Embassy that was organized by the Zionist Federation was streamed live online today, according to the London Jewish Chronicle.
About 200 people marked the Minute for Munich in Trafalgar Square, reciting memorial prayers and lighting memorial candles. Afterwards, they waved British and Israeli flags in front of media who attended the event.
“The British Jewish community is showing its solidarity with our brothers and sisters in Israel,” the British Israel Coalition’s Ari Soffer told the crowd, according to the Chronicle. “We should not allow this tragedy to go uncommemorated. This is a time to show our respect and remember the dead.”
The families of the victims of the 1972 Munich massacre, in which 11 Israeli Olympics athletes and coaches were murdered by Palestinian terrorists, have mounted a global campaign to get the International Olympic Committee to hold an official moment of silence at the Games.
The IOC continues to reject the call, despite its being endorsed by President Obama, GOP presumptive presidential nominee Mitt Romney, the U.S. Senate, the German Bundestag, the Canadian and Australian parliaments, about 50 members of the British Parliament, the Israeli government, Jewish organizations worldwide and about 100 members of Australia’s Parliament.
IOC president Jacques Rogge on Friday said the IOC had not been pressed by any government to hold a moment of silence.
“There has been no pressure from any nation whatsoever,” Rogge said. “The IOC has always honored the memory of the victims of Munich ’72.”
Rogge led a minute of silence for the victims inside the athletes village on Monday, will attend a private ceremony in London during the games and will take part in a commemoration on the 40th anniversary on Sept. 5 at the Munich airport where most of the Israelis died.
“We have always commemorated and will continue to commemorate the memory of the killed athletes,” he said.
Made in Israel: Recycled Cardboard Bicycles for $9
How a kibbutznik made the greenest vehicle in the world even greener and more affordable.
(shalomlife) – They are made of recycled cardboard, can withstand water and humidity, cost nearly nothing – and might the concept of green vehicle. Izhar Gafni is a Kibbutz resident, who decided to prove to his fellow engineers that he could make a bicycle at nearly no cost.
“They said it was impossible”
Izhar Gafni, originally from Kibbutz Bror Hayil in the Negev, took the most popular and widely sold vehicle in the community and decided to turn it into an entirely green private venture.
Gafni’s bicycle redefines the idea of green transportation in every way, being environmentally friendly from early stages of production all the way through creation of the final product. The bicycles are made out of recycled and used cardboard.
The primary use, like any bicycle, is to prevent pollution while encouraging physical activity and exercise. In an interview with Newsgeek, Gafni said that the production cost for his recycled bicycles is around $9-12 each, and he estimates it could be sold to a consumer for $60 to 90, depending on what parts they choose to add.
“I really love bicycles, and when I worked in the United States I inquired in California to see if anyone has already thought of the concept of a cardboard bicycle. To my delight, I only discovered similar concepts based on bamboo. But when I started asking engineers about the possibility of producing a cardboard bicycle, I was sent away and told that the realization of my idea is impossible. One day I was watching a documentary about the production of the first jumbo jet – and an engineer on the team had said that when everyone tells him that what he is doing is impossible – it makes it even clearer to him that he is progressing in the right direction. That saying motivated me to experiment with different materials on cardboard, to find what produces the desired strength and durability.”
Gafni, who decided to take this on as a personal project, conducted several experiments to see how he could make the recycled cardboard strong enough to carry a person weighing up to 140 kilograms. Finally, he created several prototypes that were fairly durable but too bulky.
“My first prototypes looked like delivery boxes on wheels. They were hefty and it didn’t take much imagination to see that they were made of cardboard. When I met with investors it was difficult to explain my ultimate vision with the bikes, which led me to understand that I need to devote more time towards developing a more comfortable design, lighter and more impressive.”
Judging based on the prototypes leaning on the wall during the interview with Gafni, it seems that his hard work paid off. The prototype in the room was impressive. It was hard to believe there was any relationship between that bicycle and cardboard. The bicycle is coated with a strong solid layer of brown and white material, making the finished product look like it is made of hard lightweight plastic.
There’s nothing to steal
In Tel Aviv, for example, where all but a few cyclists have had their bikes stolen at some point, low-cost bikes are all the more attractive and also weaken the sting of a steal. If the bicycle costs less than the lock required to keep it safe, the appeal and potential profit from stealing a bicycle are significantly reduced.
Additionally, those who decide to add a removable engine to make the bicycle electric can take the engine with them after parking it. The engine is the most expensive component and the bicycle itself is no longer worth the thief’s trouble. Thus, Gafni’s low-cost bicycle can be an especially attractive city vehicle.
Israeli youngsters’ baking tool takes second place in Euro contest
Rosh Ha’ayin students rise above 200 teams from 34 countries, bettered only by an Irish team’s teaching innovation.
(Times of Israel) – A group of high school students from Rosh Ha’ayin won second place this week in the international annual Junior Achievement – Young Entrepreneurs Europe contest, sponsored by Junior Achievement Worldwide.
The students took runner-up spot at the Bucharest contest for the design, marketing, and sales of the “Flour n’Roll” — a flour shaker used by bakers — amateurs and pros — to keep their dough smooth. The product, which has been profiled on a number of cooking web sites, is being sold by the group for NIS 80 (approx. $20).
Already a success before nabbing the runner-up position from among 200 competing ideas and projects from 34 countries, the Flour n’Roll (Called Batzekalo in Hebrew, a play on the words “flour” and “easy”) came in second to a team from Ireland that developed a method for teaching sign language. The Flour n’Roll was designed, manufactured, and marketed by a group of 14 ninth grade students attending high school in Rosh Ha’ayin, who formed a company called “MamaBaker” to market the product.
So what does Flour n’Roll do? “It is designed to make baking easier by allowing bakers to spread flour evenly when they are working with dough,” said Oren Chen, one of the members of the team.
The device is made out of aluminum, and has an opening on one end that can be unscrewed, to fill with flour. The other end has holes, like those of a sugar shaker, so bakers can shake out the flour onto dough they are working with, in case they put too much water into the mixture. “With the Flour n’Roll, bakers don’t have to go across the room and find the flour bag, bring it to their work area, with their hands still moist from kneading the dough.”
With the Flour n’Roll, she said, you save effort as well as flour, and get better results from baking – you can easily control the amount you add, so you don’t end up with excess flour in some parts of the dough, which will remain unmixed and ruin the taste of your final product.
Kindergarten kids graduate from ABCs to robot building
Five-year-olds get head start for high-tech economy in World ORT program.
(Times of Israel) – Computers are nice, but if you want to get kids on the right high-tech track for future careers, you should be looking at robots.
“Robots give kids the opportunity to see how things work in the real world, giving them the experience of thinking and logic, along with hands-on experience with tools and processes,” Avi Ganon, CEO of the Kadima Mada project of World ORT in Israel, told The Times of Israel.
To that end, World ORT last year ran a pilot program in several kindergarten classes in the Haifa suburb of Kiryat Yam, in which five-year-olds built their own robots, using the Lego Mindstorms robot kit. The robots that the kids produced weren’t too complicated — mostly figures with moving limbs, vehicles that could move a few centimeters, and cranes or arms that can pick up small objects — but students absorbed the principles of robot building.
The project more than met its goals, Ganon said.
“The robot is part of our integrated model of education in which we encourage kids to think and create,” he said. “The objective is to give them the skills they need to innovate and thrive in the creative high-tech economy. We believe that robots help the kids learn to think more creatively, exposing them to principles of physics, energy, environment, and infrastructure.
“We evaluated the abilities of students in the areas of cognitive, logic, and motor skills, and we found that they scored very well on scales, compared to the average kindergarten class,” Ganon continued. “We plan to expand the program during the coming school year, and hopefully bring many more classrooms into the project in the coming years.”
World ORT has been very active in technology education in peripheral areas of Israel, and especially in Kiryat Yam, where its Kadima Mada campus is the biggest secondary school technology campus in the country. But nearly all its activities have been on the high school level. This is the first project that Kadima Mada has run in kindergartens, a change that requires a “think different” attitude from staff, said Ganon. The project is directed by Dr. Osnat Dagan of MoreTech (the National Center for Educator Technology), in cooperation with Tel Aviv University.
This past year, the organization began implementing an ambitious “smart classroom” project, which will bring high-tech equipment and projects to 1,000 classrooms in the Negev and Galilee. The project, to be completed by 2013 at a total cost of NIS 100 million ($25 million), will turn classrooms into hotbeds of high-tech activity, Ganon said.
World ORT is also a big believer in “robot education,” having sponsored numerous contests inside and outside the country for high school students building advanced robots.
StandWithUs to place pro-Israel ads in suburban NY rail stations
One ad shows a picture of the Bible and says, ‘According to this 3,000-year-old bestseller, Israel is the Jewish homeland’.
(Times of Israel) – JTA — The Israel advocacy organization StandWithUs will place pro-Israel advertisements in suburban New York public transit stations that are displaying anti-Israel ads.
StandWithUs will place a total of 75 ads in Metro-North railway stations in Westchester County beginning Monday, according to a news release.
The ads aim to show how Israel has had a positive impact on the world, and make the case that Palestinian leaders have opposed efforts to establish peace between Israel and the Palestinians. The ads also will highlight the historical Jewish connection to the land of Israel.
One ad shows a picture of the Bible and says, “According to this 3,000-year-old bestseller, Israel is the Jewish homeland.” Another says, “Israel needs a partner for peace. Urge the Palestinians to accept Israel as their neighbor.”
In the news release Roz Rothstein, CEO of StandWithUs, said that “We cannot allow the public to be misled by the factual distortions in yet another anti-Israel campaign. We are committed to countering anti-Israel campaigns whenever they appear.”
StandWithUs has opposed anti-Israel advertising campaigns in cities throughout the US. Last year, the group used a similar technique of countering anti-Israel messages with pro-Israel billboards in New York City.
Carmel winery on CNN
CNN’s Erin Burnett, presenter of the OutFront program, visited Carmel Winery, Israel’s historic winery.
Chinese billionaires to bring their wallets to Israel
An investment firm will be bringing 20 investors from China to Israel this fall in order to introduce them to high-tech investment possibilities
(Times of Israel) – While VC and angel investment money has been getting harder to come by for start-ups in the US and Europe, newly-minted billionaires from the Far East — especially China — are searching the world for value investments. They may just find them in Israel, says Edouard Cukierman, director of the prestigious Tel Aviv investment firm that bears his name. To help Chinese investors find opportunities in Israel, Cukierman will be hosting 20 Chinese billionaires this November at the first Go4China event.
Go4China is based on Cukierman’s successful Go4Europe, which since 1997 has been bringing European investors to Israel. Go4Europe is considered one of Israel’s top investment events; the sponsors include organizations and companies like NYSE Euronext, Medtronic, KPMG, Rusnano (the Russian government’s nanotechnology development company), Novartis, France Telecom, and more. Cukierman acts a sort of matchmaker, bringing investors to meet with Israeli technology companies – and as a law firm, helping to put together deals. Last year, over 1,200 people participated, 400 of them from Europe.
But with the credit crisis in Europe and the weak economy in the US, finding funds — both for start-ups for established companies — has been getting harder. So, Cukierman, and its partner in the effort, the Catalyst Investment Fund, are looking east. Go4China will put Israeli technology, start-ups, and even mid-size companies seeking investments on display for Chinese investors flush with cash, who want better returns than they can get from banks or US Treasury notes.
Wives of Israeli and Japanese Ambassadors to Washington visit IsraAID program in Japan
Mrs. Sally Oren and Mrs. Yoriko Fujisaki, visited IsraAID programs in Japan’s Tohoku region which was devastated by the last year’s Tsunami.
(shalomlife) – On June 19th, the wives of the Israeli and Japanese Ambassadors to Washington, Mrs. Sally Oren and Mrs. Yoriko Fujisaki, visited IsraAID programs in Japan’s Tohoku region which was devastated by the last year’s Tsunami. The senior diplomats’ wives, who are also close personal friends, attended a Post Trauma training workshop for kindergarten teachers in Shinchi-machi, led by Israeli music therapist Ayala Gerber-Snapir.
Oren and Fujisaki were greeted by the mayors of both Shinchi-machi and the nearby Watari-cho, cities where IsraAID arrived just weeks after the disaster, and has been operating in ever since. The mayors thanked IsraAID for its ongoing support to the people of Japan, and requested that this message be conveyed to the respective embassies.
During the session in Shinchi-machi, Mrs. Sally Oren, previously a dance teacher, taught 40 children and 8 teachers an Israeli song and dance called ‘Sim Yadcha Be’yadi’ – put your hand in mine. Of the visit Mrs. Oren remarked “I am so thrilled to have taken part in this IsraAID project in Japan. The profound impact on the children is obvious, and I have been personally moved by the experience.”
Mr. Yotam Polizer, IsraAID’s Japan Country Director, was delighted with the diplomatic visit and thanked Oren and Fujisaki for coming: “It means so much to us, and to the people of Tohoku. Visits like this one give us the strength to continue and support the people of Tohoku for years to come”.
IsraAID arrived on the ground in Japan less than 4 days after the March earthquake and ensuing Tsunami. While initial efforts went into distributing vital relief items, IsraAID quickly shifted its focus to the mental needs of tens of thousands of tsunami survivors. Today, IsraAID is active in 8 cities, and is training nearly 1,000 educational professionals from the Miyagi and Fukushima prefectures of Tohoku.
“It’s not a product – it’s an industry”
Israeli biotech Medgenics’ CEO said its Biopump technology has the potential to “start a whole new pharmaceutical industry”. Medgenics’ technology manipulates patients’ own tissue to produce proteins to fight diseases, eliminating the need for hundreds of vaccines.
(proactiveinvestors.com.au) – Medgenics chief executive Dr. Andrew Pearlman says its Biopump technology has the potential to “start a whole new pharmaceutical industry”.
“Our technology has promise to provide a major change in medicine. It is not just a product that we have, it’s an industry,” says Pearlman.
Its technology manipulates patients’ own tissue to produce proteins to fight diseases, eliminating the need for hundreds of vaccines.
The company is at an inflection point. Having completed its first clinical trials in anaemia in Israel, Medgenics now has US FDA approval to start its first clinical trials in US patients to treat anaemia in patients undergoing kidney dialysis.
It also has FDA designation of its INFRADURE treatment for Hepatitis D virus as an Orphan Disease and further approval for trials in Israel to treat Hepatitis C being just around the corner.
Additionally, the appointment earlier this week of Dr. Sol Barer as chairman was viewed by investors and industry commentators as a real accolade for the company.
Pearlman adds: “Coming on the heels of recent announcements, we see the appointment of Dr. Barer as a major transformative event at the company.”
As chief executive at Celgene, Dr Barer was a major force in the transformation of the business, which grew from an outfit employing 30 researchers, to a business that’s now worth almost US$30 billion.
The addition to the board of an industry heavyweight of this calibre is a huge endorsement of Medgenics and its technology.
Pearlman adds: “Sol is a highly successful life science innovator and businessman, he knows key people and has extensive deal-making experience.
“This is a potent combination that will be invaluable to ensuring Medgenics’ technology will receive early recognition and appreciation throughout the life science sector.”
Medgenics has more than a hundred patents and patent applications covering its key technology for the removal of tissue, the reinsertion and the processes in between.
A deal to fight cancer
Israeli biotech BioView’s cancer scanning systems will be integrated with French company ScreenCell’s technology to isolate rare tumour cells. The combined solution will improve diagnosis and speed up medical decisions about the best treatment options.
(Globes) – BioView Ltd. has signed a commercial cooperation agreement with France’s ScreenCell to integrate BioView’s cancer scanning systems with ScreenCell’s technology for the isolation of rare circulating tumor cells.
The combined solution will make possible the isolation and classification of a range of tumor cells, which the sensitivity of current technologies cannot identify, in order to facilitate diagnosis and the making of personalized medical decision about the best treatment.
BioView president and CEO Dr. Alan Schwebel said, “We see strong synergy in the collaboration of the two companies in providing a comprehensive solution for a range of clinical laboratory and circulating tumor cell research needs. BioView’s scanners can identify cells and automatically distinguish between real tumor cells and other cells. When talking about billions of blood cells (the number of cells in a blood sample), the need for automated scanning and identification is critical.”
PillCam gets approval in Japan
Japan’s Ministry of Health, Labour and Welfare has issued reimbursement codes for Israel’s Given Imaging internal camera, so that it can be used as a first line tool in diagnoses.
(Globes) – Given Imaging Ltd. has obtained insurance indemnification in Japan for its PillCam Patency Capsule for use with PillCam SB (small bowel) and for the PillCam SB video capsule. Japan’s Ministry of Health, Labor and Welfare has issued reimbursement codes for the procedures for expanded indications for patients with known or suspected small bowel disease, including the visualization and diagnosis of Crohn’s disease. The PillCam SB may now be used as a first line tool without the need for upper or lower endoscopy.
The indemnification will cover Japan’s entire 105-million adult population as of July 1, 2012. Given Imaging is the only company offering the PillCam Patency Capsule to gastroenterologists in Japan.
Given Imaging president and CEO Homi Shamir said, “Reimbursement for expanded PillCam SB indications in Japan represents one of the broadest PillCam SB coverage policies in the world.”
Advanced medical clowning
Some of the world’s leading experts participated in the first Advanced Medical Clowning International Summer Seminar at the University of Haifa. Israel is a leader in professionalizing the field of medical clowning and providing scientific evidence for its effectiveness.
(Israel21c) – Anyone visiting a Haifa hospital this week may notice an inordinate number of people donning red noses. Some of the world’s leading experts – from Canada, the US, Russia, Holland and Israel – are now participating in the First Advanced Medical Clowning International Summer Seminar at the University of Haifa. The two-week seminar – taking place July 8- July 20 – includes workshops, lectures, round-table discussions and hospital visits.
Participants will polish their technique and reflect on key issues in the field, while learning about methods and approaches employed by clown doctors around the world. Israel is considered a leader in professionalizing the field of medical clowning and providing scientific evidence for its effectiveness. One of the main draws on the seminar is the highly-acclaimed Dream Doctors project that integrates professional medical clowning into the medical services provided at Israeli hospitals.
About 80 Dream Doctors work in 20 hospitals throughout the country. Workshop topics include “Human First, Red Nose Second” by Michael Christensen, founder of New York City’s Big Apple Circus Clown Care Unit; “Clowning, End-of-life and Palliative Medicine” by Dr. Gilly Peleg; “Improvisation and Flexibility” by Dr. Atay Citron; and “Medical Clowning in Disaster Zones” by David Barashi. The University of Haifa offers the world’s first-ever academic program for medical clowns.
New York to import Israeli tech culture
A good video clip summarising Israel Technion’s involvement in the building of New York’s Technion Cornell Innovation Institute.
Military device to save lives
Tel Aviv-based Netline Communications Technologies has made one of the smallest jammers ever for stopping improvised explosive devices (IEDs). It was made after a NATO country for a “handball sized” jammer that elite units like Special Forces could carry in an urban operation.
(Wired.com) – Paris in June. Some come for the shopping, the museums, the sidewalk cafes, the romantic evening strolls through the city of light. And then there’s the crowd that’s jonesing for the hangar-and-asphalt vibe of Eurosatory, the massive biannual military bazaar that sprawls over the exhibition grounds near Charles de Gaulle airport. The exhibition is designed to be a showcase for European land systems companies, but it is also the best hands-on venue for the latest technology and innovations in Israel’s often-secretive defense industry.
Winning the “and now for something completely different” award, Tel Aviv-based Netline Communications Technologies introduced one of the smallest jammers ever made for stopping improvised explosive devices. Perched on the counter of the modest company booth was the modestly named Portable Jammer Pack (PJP), a roundish object about the size and shape of a medieval fire-pot grenade and intended for use in urban spaces. For IED suppression, “urban operations are tricky because of access issues to crowded streets and tightly packed buildings and the need to get jammers to places where equipment with regular antennas cannot go,” explained Loreen Haim-Cayzer, a Netline executive. Enter the PJP, which can be deployed via the Mark I overhand grenade toss through a window (e.g., before a building intrusion) or down an alley (e.g., ahead of a patrol). But if you need to hurl it across the block or over that three-story building, best to hand it off to the former high school pitcher in your squad, since it still weighs in at a solid 2.5 pounds.
Netline developed the PJP after a NATO customer asked for a “handball sized” jammer that elite units like special forces could carry in an urban operation, said Haim-Cayzer. To produce something small enough to clip on a belt, engineers needed to miniaturize existing jamming modules and print the antennas on the circuit boards inside the unit. Designers cushioned the system with rubber to absorb impact. Since it can blast away for an average of 30 minutes on its rechargeable batteries, this led to some overheating issues, so the engineers added a heat-absorbing element in the internal battery compartment.
In the field, the user turns on the PJP by pulling its safety catch, hand-grenade style. After landing, the jammer weeble-wobbles upright and throws ‘trons to disrupt any nearby communications device being used as a remote IED trigger, like a jury-rigged cell phone. Tech support would have programmed the unit beforehand (it plugs into a laptop) to block specific channels and define other parameters customized to the mission. If all goes well, the user can scoop it up and bring it home to be reprogrammed for the next mission.
That’s the theory, at least. The PJP currently is undergoing operational tests, said Haim-Cayzer. Danger Room was curious about the effective radius of the PJP and the risks of communications fratricide in a close-quarters signal environment, but Netline declined to elaborate on these issues.
For landing on the Moon
Dozens of volunteers are working to turn Israel into the fifth country in the world, to have landed spacecraft on the moon. The team presented a model of the tiny space vehicle at a meeting of the Knesset Science and Technology Committee’s subcommittee on space.
(Jerusalem Post) – A tiny space vehicle that scientists and teenage science students in Israel have developed together is in its final stages of development and is due to launch in a few years on the back of a large communications satellite for an unmanned landing on the moon.
On Tuesday, representatives of the team presented a model for the first time at a meeting of the Knesset Science and Technology Committee’s subcommittee on space, which Likud MK Ze’ev Elkin heads.
The model’s design is the work of 150 adults and teens participating in the Space IL project, which aims to encourage young people to study space subjects, and to train the next generation of space scientists. Yariv Bash, Kfir Damari and Yehonatan Weintraub, three young engineers, launched the project with a non-profit organization they set up in 2010.
Dozens of volunteers are working to turn Israel into the fifth country in the world, after the former Soviet Union and the US, to have landed spacecraft on the moon. A few others have crashed spacecraft on the moon’s surface.
The spacecraft is expected to weigh only 90 kilos and be 80 cm. by 80 cm.
in size. When it lands, legs on springs will open, making the spacecraft’s height a human-sized 1.6 meters.
Engineers and experts in a variety of other fields will put together the vehicle under sterile conditions. It is expected to be the smallest object ever to land on the moon, and therefore show that one can build miniature “smart” spacecraft (the smaller and more compact the space vehicle, the more complex it is to cram all the necessary equipment inside).
The launchpad will be a 4-ton communications satellite that will be sent into space anyway. Playing piggyback this way saves a lot of money compared to launching it from Earth.
Israel Aircraft Industries checked the working model carefully only a month ago.
Space IL is the only Israeli representative in the international Google Lunar X-Prize competition for landing an unmanned vehicle on the moon.
All the prizes will total $30 million, but if the Israelis win, the team members are obligated to donate the prize money to the advancement of technological and science education in Israel.
Among the many institutions involved were Israel Aircraft Industries, the Weizmann Institute of Science, the Technion-Israel Institute of Technology, Tel Aviv and Ben-Gurion universities, and the Rafael, Elbit, Aeronautics and Gilat companies.
Although Israel has never sent any astronauts itself into space, it has built many successful and compact communications satellites that other space agencies have launched.
Israel has the advantage of smallness; it is the only country in the world where all the relevant technologies for the project are located only an hour from each other by car.
The world invests in Israel
According to the UN Conference on Trade and Development (UNCTAD), global foreign direct investment (FDI) inflow to Israel totalled $11.37 billion in 2011, 106% more than the $5.51 billion in 2010.
(Globes) – The UN Conference on Trade and Development (UNCTAD) World Investment Report 2012states that global foreign direct investment (FDI) rose 16% from $1.3 trillion in 2010 to $1.5 trillion in 2011. Global FDI was higher in 2011 than the annual average in 2005-07, before the economic crisis.
FDI flows to developed countries were 21% higher in 2011 than in 2010. Despite this increase, developing and transition economies together continued to account for more than half of global FDI (45% and 6%, respectively) in 2011.
UNCTAD predicts foreign direct investment growth will slow in 2012, with flows leveling off at $1.6 trillion, because of a resurgence in economic uncertainty and the possibility of lower growth rates in major emerging markets.
According to UNCTAD, FDI inflow to Israel totaled $11.37 billion in 2011, 106% more than the $5.51 billion in 2010. FDI inflow to Israel accounted for 25% of gross capital formation in 2011, up from 16.9% in 2010.
FDI inflow to Israel in 2011 was higher than the three-year average of $9.63 billion in 2005-07, before the global crisis. However, FDI inflow to Israel as a of gross capital formation fell to 25% in 2011, less than the 36.8% average in 2005-07.
FDI outflow from Israel totaled $3 billion in 2011, less than the three-year average of $5.74 billion in 2005-07, before the global crisis. FDI outflow from Israel accounted for 6.6% of gross capital formation in 2011, less than the 22% average in 2005-07.
Singapore shows off Israeli water technology
A delegation of 13 Israeli water technology companies are exhibiting at Singapore International Water Week (SIWW) 2012. Specialities include purification, advanced filtering, transport infrastructure, biological monitoring, and energy-efficient desalination solutions.
(Israelnewtech.com) – Singapore International Water Week (SIWW) 2012 is underway and a delegation of 13 Israeli water technology companies are in attendance. The event is one of the most important water events in South East Asia, with a large international attendance. The visiting Israeli companies are active in areas including purification, advanced filtering of water transport infrastructure, water security through biological monitoring, advanced, energy-efficient desalination solutions and more. The Israeli companies will be exhibiting at the Israeli Pavilion at SIWW 2012 which is sponsored by Israel NewTech and the Israeli Export Institute.
Shay Zarevich, the Israeli Economic Attaché in Singapore, said, “The potential for cooperation for Israeli companies in South East Asian countries like Singapore, Vietnam, the Philippines, Indonesia and Thailand is huge. These countries will need to invest very significant sums in the coming years in building and upgrading their water and wastewater infrastructures in order to meet the needs of their local populations and support their expected economic growth. Israel’s water industry has proven advantages and the Economic office in Singapore is working to bring Israeli companies into different industry projects in which Singapore and developing South-East Asian countries are active. Israel’s economic attachés from around the world – from Vietnam to Canada – worked to create quality meetings between Israeli companies and attending delegations from their home countries.
Gilad Peled, head of the water sector in the Israeli Export Institute, added “SIWW is one of the most important events of the year in the water industry and presents a great opportunity for Israeli water companies to present their capabilities in the Israeli Pavilion at the event, and to find partners in Singapore and in Asia in general…”
The Israeli companies attending SIWW2012 are: Amiad, Aqwise, A.R.I., Bermad, Desalitech, Diffusaire, Galcon, Hakohav, Hop Engineering, PML, Powercom, SIRD, WateRevive, Whitewater.
* Thanks to www.verygoodnewsisrael.blogspot.com for a number of stories.