Sign up now to receive our regular news briefs.

Israel – a Global Leader in Bio-Tech and Defense Products

June 17, 2013 11:26 am 1 comment

The logo for the Israeli-developed navigation application Waze, which could help give Google a social network to rival Facebook, writes Ilan Gattegno. Photo: Waze.

1.  Google is acquiring Israel’s Waze for $1.1BN.  Microsoft controls 10% of Waze. Google acquired, in 2012, two Israeli start ups for $25MN (Globes Business Daily, June 10, 11, 2013).  China’s Fusson acquired Israel’s Alma Lasers for $221MN (Globes, May 29).  Singapore’s Biosensors International acquired Israel’s Spectrom for $51MN (Globes, May 24).  The Pennsylvania-based $3.2BN Teleflex acquired Israel’s Eon Surgical for over $20MN (Globes, June 11).

2.  France’s National Electric Company has invested $400MN in Israel’s solar market (Globes, June 5).

3.  The Norwegian Sovereign Wealth Fund, the largest investment fund in the world (funded by Norway’s oil explorations), has invested $686MN in the Tel Aviv stock exchange, $552MN during the last four years (Globes, June 10).

4.  Israeli R&D is present in 20.5% ($24.6BN) of all global bio-tech products ($120BN) – a symptom of the rapidly growing Israeli bio-tech sector and the flow of global giants establishing R&D centers in Israel (Globes, June 7).

5.  The largest defense contractor in the USA, Lockheed-Martin, is establishing a computer center in Israel, jointly with Israel’s Binat (Globes, June 5).  Israel is the world largest exporter of Unmanned Aerial Vehicles (UAVs) – $4.6BN during the last eight years.  This export is expected to grow 5%-10% annually until 2020. Israel’s defense exports exceed $6BN annually, 10% of which consists of UAVs (Globes, May 24).

6.  Israel’s KMDA raised $50 on NASDAQ (Globes, June 3).  Israel’s AlCobra raised $25MN on NASDAQ (Globes, May 23). Khosla Ventures led a $24MN round of private placement by Israel’s HeathTap, joined by Mayfield Fund and Mohr Davidow Ventures (Globes, May 13).  Intel Capital invested in Israel’s Reduxio (Globes, June 4).

7.  “Israel is helping the US meet the economic, environmental and non-military security (EG. cyber security) challenges of the future…. Israeli experts and start-ups regularly partner with US firms to develop applications such as instant messaging, Internet telephony and data-mining.  Intel’s executive, Greg Slater, noted that many of his company’s major innovations over the past three decades started in Israel, including Ivy Bridge and Sandy Bridge micro-processors, which accounted for 40% of Intel revenues in 2011…. Bill Gates said that the ‘innovations going on in Israel are critical to the future of the technology business….’  Israel accounted for about 25% of US exports to the Middle East in 2011… equaling or surpassing those to oil-rich Saudi Arabia…. Israeli firms have set up manufacturing plants [in the USA] that employ tens of thousands of Americans…. Israel is a top innovator in the technologies of modern warfare – cyber, unmanned vehicles, robotics, missile defense – an important source of innovations for the US defense contractors and troops…. Israel is also a world leader in micro-irrigation, wastewater management and reverse-osmosis desalination…. Israeli [knowhow] is helping the US promote nation-building at home and security and sustainability abroad” (Wall Street Journal, March 21, 2013 Michael Eisenstadt and David Pollock, the Washington Institute for Near East Policy).

1 Comment

  • Mawloud Ould Daddah

    Israel is the only democratic state and country of region and the only loyal and reliable ally in war on terror,absolutely,absolutely,absolutely,no one else,none,none,none,definitely,

Leave a Reply

Please note: comments may be published in the Algemeiner print edition. Comments written in all caps will be deleted.


Current day month ye@r *

More...

  • Book Reviews Opinion Perspectives on the Middle East and Islam (BOOK REVIEW)

    Perspectives on the Middle East and Islam (BOOK REVIEW)

    Nothing Abides: Perspectives on the Middle East and Islam, by Daniel Pipes. Transaction Publishers, 2015. More doggedly than any other expert on Middle East affairs Daniel Pipes has riveted his attention upon the threat that radical Islam poses to civilized life in nearly every corner of the globe. The Boston Globe was not indulging in hyperbole when it stated, “If Pipes’ admonitions had been heeded, there might never have been a 9/11.” He is the polar opposite to the willfully […]

    Read more →
  • Food Jewish Identity Home of Freud and…Pita? Israelis Make Culinary Mark in Vienna

    Home of Freud and…Pita? Israelis Make Culinary Mark in Vienna

    JNS.org – Several Viennese Jews have made a lasting impact on the world. Sigmund Freud’s investigations changed the face of modern psychology. Composer Arnold Schoenberg’s innovations in atonal music changed the face of music. These days, even more Jews — in particular, Israeli Jews — are changing the face of Vienna’s culinary scene with innovations in…the art of the pita. Freudians may find a psychoanalytic motive for the local appeal of the Israeli eateries popping up in the Austrian capital. Walk […]

    Read more →
  • Features Opinion In Iraqi Kurdistan, a Genocide Before Our Very Eyes

    In Iraqi Kurdistan, a Genocide Before Our Very Eyes

    The two bullet casings are already beginning to rust. Sheikh Nasser Pasha plucks them from the ground. “Look, one is from an AK-47, one from an American M-4.” The casings are strewn on the ground atop a long mound of dirt with a few bits of white sticks on it. It would appear unremarkable if one were walking by it. A closer look, however, reveals the white objects are pieces of human bone: arms, legs, and a single human skull. […]

    Read more →
  • Blogs Features Israel and the Apartheid Narrative: 2 South African Student Leaders Weigh In

    Israel and the Apartheid Narrative: 2 South African Student Leaders Weigh In

    JNS.org – About two-dozen people file into Dodd 175 at the University of California, Los Angeles (UCLA) campus on a Thursday night, scouting out seats and picking at the kosher pizza in the back of the lecture hall. Miyelani Pinini knows the drill. A former student president of the University of Cape Town in South Africa, she’s attended and even organized her share of free-pizza events. But now she and a fellow South African student leader were the stars of this […]

    Read more →
  • Food Spirituality/Tradition The Brewish State: Israel Taps Into Growing Craft Beer Bazaar

    The Brewish State: Israel Taps Into Growing Craft Beer Bazaar

    JNS.org – It’s widely known that Israel has penetrated the wine market, with some of its sophisticated Israeli blends surpassing historically excellent wines from areas such as the Napa Valley or Bordeaux. But what about beer? For decades, Israel has offered solely the Maccabi and Nesher brands. Not anymore. “There is a huge push of people making beer at home. The country is approaching over 30 craft breweries in the last year or two, making nearly 200 beers,” says Avi Moskowitz, […]

    Read more →
  • Arts and Culture Blogs Natalie Portman Says She Behaved Like ‘Average Everyday Jewish Mother’ on Set of Latest Movie

    Natalie Portman Says She Behaved Like ‘Average Everyday Jewish Mother’ on Set of Latest Movie

    Actress Natalie Portman acted like a typical “Jewish mother” on the set of her latest movie, Jane Got a Gun, the Israeli-born star told the New York Post‘s Page Six on Sunday. The 34-year-old, who also co-produced the western, said she made it her job to look out for everyone involved in the project, because the film has had to overcome “so many obstacles,” such as losing its director early on. She explained: “Actors changed. We suffered financial and legal challenges. We endured so many replacements. There were delays. […]

    Read more →
  • Israel Music Scorpions Lead Singer Sends Message to Israel Ahead of World Tour, Tel Aviv Performance (VIDEO)

    Scorpions Lead Singer Sends Message to Israel Ahead of World Tour, Tel Aviv Performance (VIDEO)

    “We’re looking very much forward to coming back to Israel this summer,” said the lead singer of the German rock band Scorpions in a video on Monday. “Make sure you don’t miss it because we rock you like a hurricane!” said a jovial Klaus Meine, quoting the band’s seminal 1984 anthem, “Rock You Like a Hurricane.” The hard rock band lands in Israel for a show at the Menorah Mivtachim Arena on July 14 as part of its 50th anniversary tour. It will be the band’s third time […]

    Read more →
  • Blogs Book Reviews The Collected Works of Primo Levi, Edited by Ann Goldstein (REVIEW)

    The Collected Works of Primo Levi, Edited by Ann Goldstein (REVIEW)

    Primo Levi and Elie Wiesel were the two most immediate and authentic literary voices who gave witness to the Holocaust. Wiesel was an extrovert and a very public figure who wrote initially in French. Levi was a modest retiring chemist who wrote in Italian. Whereas Wiesel was rooted in the Eastern European Jewish Hassidic world, Levi was the product of an assimilated, secular Italian society that saw itself as Italian first and Jewish as an accident of birth. As Levi himself said, “At Auschwitz I […]

    Read more →