The news below are provided by: The Jerusalem Post, IsraelStrategist.com, Haaretz and Globes

IsraelStrategist.com
http://israelstrategist.com

• Shlomi Cohen, Globes: Investors like new SanDisk direction

  19 May 13 15:02–Stock indices continue to break records, but, in contrast to the euphoria of the technology stock bubble of 1999, or the “irrational enthusiasm” of which then Federal Reserve chairman Alan Greenspan spoke in 1996, this time round, the rises are accompanied by several fears. Paradoxically, these fears fuel the rises. Cisco (CSCO), [...]

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• JPost: Young Israelis struggle to make ends meet

  05/20/2013 17:16–Shaiel and Charlie (short for Charlotte) Yitzhak both work hard – he as an English teacher, she as a physical therapist working with wounded Israeli soldiers. Shaiel also tutors English privately and runs a summer camp for robotics. They have two young children, ages 3 years and 18 months, and they’ve just purchased an [...]

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• Globes: Tshuva: Gas exports worth $100b to Treasury

  19 May 13 15:38,–”It is especially important these days to remember that gas exports alone will generate $100 billion for the treasury and the Israeli economy over the next 20 years,” said Delek Group Ltd. (TASE: DLEKG) controlling shareholder Yitzhak Tshuva at Mizrahi Tefahot Bank (TASE:MZTF) business customers conference today. He said that keeping reserves [...]

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• Ynet: SundaySky to boost sales threefold

  05.20.13, 07:46–SundaySky expects its sales to triple annually as companies increasingly use personalized videos to win over new customers and retain existing ones. The US-Israeli company’s videos not only speak to a customer by name but take into account past history and present behavior with a brand. SundaySky can generate millions of videos from a [...]

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• Globes: Teva, Check Point rebound

  20 May 13 12:20–The buoyant mood on Wall Street includes big Israeli companies listed there. As the Dow Jones Industrial Average and the S&P 500 Index achieved all-times highs, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) and Check Point Software Technologies Ltd. (Nasdaq: CHKP) both rose 4% last week. Both companies had suffered from [...]

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  • Globes: Teva CFO: The new CEO will bring changes
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  • Shiri Habib-Valdhorn, Globes: Teva’s transparency just
  
  
  

• JPost: Israel is largest drone exporter in the world

  05/19/2013 18:44–RIsrael is the largest exporter of drones in the world, a leading industry consultancy firm announced Sunday. In the past eight years, sales of Israeli unmanned aerial vehicles have totalled $4.62 billion, according to figures. The company said that in its calculations, it included products, services and licenses sold to other countries that enable [...]

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• Globes: TASE chief: Market needs resuscitation

  20 May 13 12:57–”To be or not to be, that is our situation now, and I use such a terminal expression deliberately. We have a big problem, and the issue of regulation must be addressed – and I have something encouraging to say: the Economic Arrangements bill includes an entire section which deals with the [...]

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• Globes: Tshuva: Gas exports worth $100b to Treasury

  19 May 13 15:38-”It is especially important these days to remember that gas exports alone will generate $100 billion for the treasury and the Israeli economy over the next 20 years,” said Delek Group Ltd. (TASE: DLEKG) controlling shareholder Yitzhak Tshuva at Mizrahi Tefahot Bank (TASE:MZTF) business customers conference today. He said that keeping reserves [...]

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• The Economist: Arabs and Jews in high-tech Israel?Bring them together

  May 18th 2013 | NAZARETH–ON A biblical outcrop overlooking the Jezreel valley near Nazareth, Israel’s largest Arab town, a state-of-the-art complex has opened its doors to high-tech companies. “We’ll be famed for computing as well as Jesus,” quips Ramez Jaraisi, mayor of the city where Christ grew up. Stef Wertheimer, an octogenarian Israeli tycoon whose [...]

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• Globes: Caesarstone signs IKEA US deal

  16 May 13 16:16–Engineered quartz surfaces maker Caesarstone Sdot Yam Ltd. (Nasdaq: CSTE) has signed a contract with IKEA US to be its exclusive supplier of non-laminate countertops. Caesarstone said that the contract would have no material effect on its results in 2013, and was taken into account in its guidance. Under the agreement, the [...]

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Jpost Business:
http://www.jpost.com/

• Young Israelis struggle to make ends meet

  
  New economic report finds male employment declining and there is a growing gap between different parts of society.
  
  
  

• 17% of population pays 76% of taxes

  
  On average, Israelis paid 20.6% in direct taxes, 13.4% in income tax and 7.6% on health and national insurance taxes.
  
  
  

• Gov?t crafting plans to subvert port reform strikes

  
  "This is a courageous step of the utmost importance," Bennett wrote on his Facebook page.
  
  
  

• Natural-gas exports: A debate over values, not numbers

  
  Approving massive exports of natural gas based on what we know about proven reserves today is poor public policy.
  
  
  

• Global Agenda: Asian perils

  
  "The new threat identified by the money guys was a two-headed monster on the other side of the world".
  
  
  

• Retirement investors: Dividend or valued stocks?

  
  Your Investments: If you are a retirement investor, the last thing you want is to be buying high.
  
  
  

• Legal Ground: The amazing maze of Israeli property

  
  Can the church really take back my home?
  
  
  

• Lapid: Welfare doesn?t end poverty, work does

  
  Finance minister defends budget cuts, responds to OECD report.
  
  
  

• EMC World 2013: ?Lead your transformation?

  
  Over 15,000 people descended on Las Vegas for EMC World 2013, the annual technology conference for industry leader EMC.
  
  
  

• Analysis: Poverty and statistics

  
  A new report found that Israel has the highest poverty rate of all OECD nations. But what does the OECD's poverty measure really mean?
  
  
  

• Your Taxes: Breaking down budget proposals

  
  On May 7, the government published a detailed economic plan for 2013-2014.
  
  
  

• Tips for Entrepreneurs: The next level

  
  People who are content where they are don’t read about how to improve themselves. But you? You’re different.
  
  
  

• Fischer cuts interest rate .25%, analysts cite budget

  
  Bank also announces that it will buy up $2.1 billion in reserves through the end of the year to counter currency fluctuations from natural gas.
  
  
  

• Bennett, Hauser clash over pyramid limitations

  
  Naftali Bennett and Israel Securities Authority Chairman Shmuel Hauser disagree over the extent that pyramid companies should be limited in the market-concentration reform.
  
  
  

• Public sector stages majority of strikes in 2012

  
  Nearly half a million days lost to strikes last year; public sector accounts for 79% of strikes, 98% of workdays lost.
  
  
  

• Fischer praises Lapid?s ?brave? budget proposal

  
  Organizers of 2011 tent protests planning to take to streets again to protest cuts and tax hikes in Lapid’s budget proposal.
  
  
  

• Global Agenda: Sound and fury

  
  The budget deficit has been a hot topic for some time now, having grown steadily over the last 2 years to fairly threatening proportions.
  
  
  

• Budget cuts? Lapid, spending and hard-earned money

  
  Your Investments: We are being hit with higher taxes to provide a fix for the government’s addiction to spending.
  
  
  

• Facebook negotiating to buy Waze for $1 billion

  
  If the deal is realized, this will be Facebook's third acquisition in Israel, first two being Face.com and Snaptu.
  
  
  

• Facebook in advanced talks to buy Waze

  
  If the $500 million deal is realized, this will be Facebook's third acquisition in Israel, first two being Face.com and Snaptu.
  
  
  

Haaretz Business:

http://www.haaretz.com/cmlink/business-print-rss-1.264904?localLinksEnabled=false

• Electricity authority seeking to spur private power competition

  
  
  
  
  
  

• Dollar rises 2.3% against the shekel after Bank of Israel rate cut

  
  
  
  
  
  

• Israeli economy unsustainable if Haredim, Arabs don't join workforce, experts warn

  
  
  
  
  
  

• Trouble on Israel's waterfront

  
  
  
  

• Tax decrees in Israel will drastically curb pension saving, warn experts

  
  
  
  
  
  

• Israel's poorest get 28% of income from child stipends

  
  
  
  
  
  

• Business in Brief

  
  
  
  
  
  

• Planned tax would penalize developers who delay construction of new homes

  
  
  
  
  
  

• Irate citizen to Hapoalim: Seize Zisser's 'Louis XIV trappings'

  
  
  
  
  
  

• Finance Committee expected to balk at key budget reforms

  
  
  
  
  
  

• Business in Brief

  
  
  
  
  
  

• Israel's treasury weighs changes to budget to remove most contentious elements

  
  
  
  
  
  

• Lapid's budget: Israel's poor stay poor, while its rich get rich

  
  
  
  
  
  

• Economists: Budget lacks stimulus provisions

  
  
  
  
  
  

• Lapid tells Teva CEO that the drug maker must pay more taxes

  
  
  
  
  
  

• New estimate: Leviathan worth NIS 5.5b more than thought

  
  
  
  
  
  

• New Israeli banknotes let the Ashkenazi-Sephardi genie out the bottle, again

  
  
  
  
  
  

• Comms. minister Erdan seeks to reform 'farcical' basic television packages

  
  
  
  
  
  

• Battle over future of IDB Development goes to court

  
  
  
  
  
  

• Rami Levy undercuts rivals on smartphone prices

  
  
  
  
  
  

• Shareholders told to reconsider NIS 100,000 monthly pay for Rami Levy's wife

  
  
  
  
  
  

• Retirement age for women will stay at 62, Lapid now says

  
  
  
  
  
  

• Mizrahi-Tefahot Bank CEO Eli Yones to retire in a year

  
  
  
  
  
  

• Israeli high-tech entrepreneurs search for silver lining in cloud computing

  
  
  
  
  
  

• Unions threaten strikes if kept out of budget talks

  
  
  
  
  
  

Globes:
http://www.globes.co.il/serveen/globes/nodeview.asp?fid=942

• "We need money from purchase tax on homes"

  Finance Minister Yair Lapid told the Globes-BDO Ziv Haft Capital Market Conference, "It will remain in place, even if it costs Yesh Atid votes."
  
  

• "We're concerned mortgage risk assessment is wrong"

  Supervisor of Banks David Zaken told the Globes-BDO Ziv Haft Capital Markets Conference that risks must be reduced.
  
  

• Haredim raising $100m fund to blunt budget measures

  "Mishpacha": Haredi tycoons want to minimize the damage planned by the government.
  
  

• Mon: Oil Refineries boosts market

  Oil Refineries rose strongly on strong financials, while Teva continued its rally.
  
  

• Camtek soars 40% on strong guidance

  Camtek CEO Roy Porat: We expect strong sequential improvement in the coming quarter with revenue reaching $21-23 million, representing 20% growth.
  
  

• TASE chief: Market needs resuscitation

  Esther Levanon: We need to ensure that we won't reach the red line, below which foreign investors cannot really operate here.
  
  

• Shekel weakens

  Bank of Jerusalem: The gap between the shekel interest rate and rates in most Western countries is still competitive.
  
  

• IEC seeks to empty workers' trustee account

  NIS 1.5 billion remains in the account, after IEC withdrew NIS 600 million with the employees' consent a year ago.
  
  

• Oil Refineries swings to profit

  Oil Refineries posted an adjusted net profit of $4 million on $2.33 billion revenue for the first quarter.
  
  

• Teva, Check Point rebound

  Teva has crossed the $40 threshold and Check Point crossed the $50 threshold.
  
  

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