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Israeli President Peres First Official Guest of Dutch King Willem-Alexander

Posted on:
October 1, 2013
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Israeli President Shimon Peres meets with Dutch King Alexander at the Hague, Holland. Photo: Amos Ben Gershom.

Israeli President Shimon Peres meets with Dutch King Alexander at the Hague, Holland. Photo: Amos Ben Gershom.

Dutch King Willem-Alexander hosted Israeli President Shimon Peres at his official residence, Noordeinde Palace, Tuesday, as his first official guest there since ascending the throne following his mother’s abdication in April.

The King, who said that he has visited Israel on a number of occasions and was always impressed by the country and its people, met privately with Peres following an inspection of the honor guard.

Peres, in the final day of a three-day visit to the country, also met with the Prime Minister of Holland, Mark Rutte, ahead of an address to the Dutch parliament. During the meeting the two discussed the Iranian nuclear threat, the situation in Syria and relations between the two countries, in light of recent steps taken by the Dutch government to isolate products made in West Bank settlements from Israel’s trade agreement with the European Union.

Prime Minister Rutte addressed the issue of boycotting goods from the settlements and stressed that the Netherlands is opposed to boycotting goods from Israel and that the issue had not even been considered within the country. With respect to the recent European Union directive to block Israeli groups operating within the Green Line from European funds, the Dutch Prime Minister said that the Netherlands was working within the EU to reach a consensus and find a solution that does not harm the peace process.

President Peres thanked the Prime Minister and said, “Europe, like Israel, understands that the Israeli-Palestinian conflict will only be solved through negotiations and dialogue, not through sanctions. A day after the European announcement, Secretary of State John Kerry announced the resumption of talks for nine months – if a deal is reached between the sides there will be no need for the European sanctions, they will be irrelevant. I am sure Europe did not plan to make the negotiations more difficult but if the sanctions are implemented that will be the effect.”

President Peres also called upon the Netherlands, as a key member of the European Union, to oppose the Iranian nuclear threat and not to allow Iran to complete its race to long range missiles with nuclear warheads, “Europe’s support is important to preventing the Iranian threat. I hope that the new voices will bring a new reality in Iran – but nuclear weapons for mass destruction is a threat to the entire world and we must work to prevent Iran from producing nuclear weapons.”

Source: Algemeiner.com

Yaskawa to invest millions in Israel

Posted on:
September 30, 2013
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Yashawa

Japanese robotics giant partners with ARGO Medical Technologies to continue global expansion of device enabling people with lower limb disabilities to walk

The Yaskawa Electric Corporation from Japan, a global leader in planning and manufacturing industrial robots, is set to invest tens of millions of shekels in an Israeli company in the robotics industry.

The company, ARGO Medical Technologies, has partnered with Yaskawa as it continues the global expansion of its ReWalk exoskeleton device which enables individuals with lower limb disabilities such as paraplegia to walk.

Yaskawa has made a significant capital investment into the ReWalk exoskeleton technology and will also serve as the exclusive distributor for the ReWalk in Japan, China, Singapore, Taiwan, Thailand, and Korea, the company said in a statement.

“This strategic partnership will bring significant value through the synergy of Yaskawa’s technology in the general field of robotics combined with our expertise in the human factors and treatment of spinal cord injuries,” said ARGO CEO Larry Jasinski. “We look forward to this mutually beneficial partnership as we enter a new phase of development and growth.”

In 2008 Yaskawa bought the shares of RoboGroup, a public company traded in Tel Aviv, in a subsidiary which was a partnership between Yaskawa and RoboGroup and developed motion control technologies integrated into the Japanese giant’s products, at an investment of some NIS 20 million (about $5.7 million).

After the acquisition, the purchased company’s name was changed to Yaskawa Europe Technology and it became a subsidiary of global Yaskawa in Israel.

The Japanese robotics giant was founded 93 years ago. It employs 8,000 workers and its market value stands at $3.5 billion. Its activity in Israel has been run since 2005 by CEO Arik Dan, who studied Japanese and business administration at Keio University in Tokyo.

“Yaskawa sees great importance in increasing its investments in Israel in light of the country’s importance as a global robotics development center. Yaskawa’s goal is not to draw technologies and knowledge to Japan, but rather to develop the local company as a global development and marketing center.”

Source: Ynetnews.com

$130 Million Gift From Li Ka Shing Foundation To The Israeli Technion

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September 29, 2013
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Li Ka Shing

Li Ka Shing

The gift is the largest ever to the Technion and one of the most generous in the history of Israeli higher education

The Israeli Technion Institute of Technology and Shantou University in China will establish a joint academic technological institute in China under the name: Technion Institute-Guangdong Technology (TGIT), with a donation of $130 million from the US based Li Ka Shing Foundation .

The Technion Guangdong Institute of Technology (TGIT) – sponsored by the Li Ka Shing Foundation (LKSF) with a US$130 million grant – will represent unprecedented cooperation between the People’s Government of Guangdong Province and Shantou Municipal Government, Technion, and STU. Guangdong Province and Shantou Municipal Government will set aside RMB900 million (approximately US$147 million) to fund construction and initial operations, as well as 330,000 square metres for the campus to be located next to STU.

The US$130 million grant from LKSF is the largest ever to the Technion and one of the most generous in the history of Israeli higher education. It will be allocated for strengthening the Technion’s home campus in Haifa, for the benefit of its students and researchers, to enable the Technion to fulfil its leading role in TGIT.

Mr Li Ka-shing, Chairman of the LKSF, Will speak at today’s ceremony in Tel Aviv to formalise the memorandum of understanding for the establishment of TGIT. The agreement will be signed by Technion President Professor Peretz Lavie and STU Provost Professor Gu Peihua, and will soon be brought for the approval of the Technion’s and Chinese statutory authorities.

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VIDEO: Indian metro uses high-tech Israeli cameras

Posted on:
September 29, 2013
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India Israel

The use of Israeli high-tech surveillance cameras on the Indian metro is yet another example of the rising global prominence of the Jewish state’s technology sector, which is now widely considered to be second only to Silicon Valley.

Idan Ofer gives London school £25M

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September 29, 2013
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London Business School

Shortly after moving to British capital, Israeli billionaire announces largest single donation to UK business school where he studied in 1980s, in addition to contribution to development of special scholarship program for Israeli students

Shortly after leaving Israel for London, billionaire Idan Ofer has given £25 million (about $40 million) to the London Business School, where he studied in the 1980s. This is the largest single donation received by a UK business school.

The donation was made by the Idan and Batia Ofer Foundation, which also announced the development of a special scholarship program for Israeli students at London Business School.

About a month ago, the institution received a £10m donation from South African Jewish billionaire Nathan Kirsh.

The scholarship program, whose scope was not disclosed, will be launched soon. It is aimed at further exposing Israel’s future business leaders to the global economy, while helping them accumulate knowledge, understanding and connections.

Ofer said in a statement, “I have enjoyed a long association with the School and believe that it offers something uniquely valuable in the world of business education, combining strong fundamental business and management education with an emphasis on the business community being part of the solution for a better society.”

The project, he noted, “is an important step towards ensuring the School can continue to grow and prosper in the future, creating new generations of leaders who can address the challenges of business and wider society.

“My father Sammy enjoyed learning from others and throughout his career in shipping was known to spend many hours speaking with seamen and officers of vessels, rather than being tucked away in his office. This sense of curiosity resonates strongly with London Business School’s community where students are not just stretched intellectually; they become a part of an ever-expanding international community, learning as much from each other as from the faculty.”

He added that “one of the goals of The Idan and Batia Ofer Foundation is to ensure the next generation of Israeli entrepreneurs is equipped to cope with the challenges of globalization. London Business School is at the forefront of helping to meet these challenges. The Foundation hopes in this small way to contribute to economic growth in the region, ultimately improving the prospects for peace and stability.”

Idan Ofer, Israel Corporation’s controlling shareholder, moved to London recently after being criticized in the past few years for benefits received by the Israel Chemicals (ICL) company (which is controlled by Israel Corp) and the low royalties it paid the State. These royalties were raised in recent months. In addition, the government vetoed ICL’s talks for a merger with Canadian fertilizers giant Potash Corporation.

Source: Ynetnews.com

Israel-Chinese Joint Venture ‘Qoros’ Unveils Car Model Lineup

Posted on:
September 23, 2013
Category:
Economy, Relations
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Israel Car

Qoros Auto Company Ltd., a joint venture between Israel Corporation (TASE: ILCO) and China’s Chery Automobile Co. Ltd., unveiled its first models at a dealers convention, ahead of its planned commercial launch in the fourth quarter of 2013,Israel’s Globes business daily reported.

At the dealers convention, Qoros unveiled a model line-up planned for the next decade based on four modular car platforms based on the work of Qoros’s chief designer, who also was responsible for designing the modern BMW-owned Mini.

The first platform, C, is a family sedan that is the basis for the company’s first car, the Qoros 3, which has already been unveiled. The C platform could be the basis for at least nine different models, including the Qoros Over, a convertible, a three-door model, a hatchback, a station wagon, and a compact recreational vehicle. The Qoros D platform will have three main models: a compact 6-7 seat minivan, a large sedan the size of a Volkswagen Passat, and a recreation car, Globes said. The top-of-the-line E platform will be introduced at a future date and would include a luxury town car, a high-end hatchback, and probably a sport utility station wagon to resemble the BMW Mini.

Israel Corp has invested almost $500 million in Qoros to date, Globes said.

Source: Algemeiner.com