Israeli Companies expand Worldwide
Israeli business owners know that economic success at home does not necessarily
guarantee similar results abroad, but many take the risk anyway. But ironically,
some companies are not willing to risk losing business by being identified as
Israeli, and as a result, they are sometimes forced to drop the proud “Made in
Israel” label.
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Israelis Work More than Westerners
The average Israeli employee works 8.2 hours a day, more than workers in most western
countries, according to a poll conducted by the Israeli consulting firm HPS.
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Almost half of Israelis in the Red
Israelis have become accustomed to living in the shadow of an overdraft with at
least 42 percent of the population in the minus, according to a poll. The New Wave
survey found that the average Israeli is 5,080 shekels (nearly $1,200) in overdraft,
which for many people is more than a month’s salary.
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Daycare and Demographics
A study revealed that 70 percent of Israeli women want to have more children but
hesitate because of the monthly expense of daycare, which averages $360. Typical
Israeli households need two incomes to make ends meet, so many women head back to
work and send their children to daycare.
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The Latest Hits in Cell Phone Technology
Cell phone technology continues to move forward by leaps and bounds. One Israeli
company has cashed in on the text message market while another is seeking to
make cell phones more “Jewish.”
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Israel Ranks High in Global Economy
The World Economic Forum ranked Israel as having one of the world’s most
competitive economies in its 2006-2007 Global Competitiveness Report, ahead of
Canada, France and South Korea. Israel ranked 15th overall in the world, up from
23rd last year.
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American-Style Bookshop Coming to Tel Aviv
An Israeli book chain is planning to bring the cultural phenomenon of some
American bookstores to the Middle East. Tzomet Sfarim (Book Junction) will open
a store replete with reading corners, literary events and a café.
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IKEA To Open Second Store in Israel
Due to record-breaking income in 2005, IKEA has decided to open a second
Israeli branch in 2007, which expects to employ some 300 people. IKEA Israel
owner Matthew Bronfman will build the second store in the Tel Aviv suburb of Rishon Letzion by the end of 2007, at an investment of $10 million.
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Microsoft to Open 2nd R&D Center in Israel
Software giant Microsoft plans to open a new research and development center
in Tel Aviv, in addition to the one that has been operating in Haifa since 1991.
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Makeup Online
Ruth Gal’s busy life as a businesswoman and mother resulted in her
co-founding a new and groundbreaking business: EZface Inc., which offers an
online virtual makeup tester. The inspiration came when ordering makeup online
late one night and trying to determine which colors were good for her.
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Israeli Technology IDs Explosives
A new, hi-tech Israeli device could make air travel in the United States and
around the world safer and more convenient. After seven years of research, the
company TraceGuard is introducing CarrySafe.
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Israeli Students Visit NASA
Forty Israeli high school freshmen in a pilot space studies program visited
the Kennedy Space Center in Florida to further their interest in space and to
honor Israel’s first astronaut. “The reason we are here is mostly in memory of
Ilan Ramon,” said trip chaperon Kee Koch.
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