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Press Releases

Radware reports 1Q loss

TEL AVIV, Israel _ Radware Ltd. on Tuesday reported a first-quarter loss of $2.8 million, after reporting a profit in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share. Radware shares have declined 29 percent since the beginning of the year.

Source: The Associated Press

INTERVIEW-Israeli brothers bring TripAdvisor model to world of funds

LONDON, April 13- Consumers who are happy to buy everything from hotels to washing machines, movies and cars on the recommendation of online rankings can now do one more thing: invest in funds. Co-founded by two brothers from their base just outside Tel Aviv, the platform- launched this week- ranks individual funds according to reviews from professional and retail...

Source: Reuters

Silicon Valley gets direct flight to Israel

The Silicon Valley-Israel technology connection has been building for decades, and now it’s possible to get a direct flight from San Francisco to Tel Aviv.


U.S. firms target investment in Israeli cannabis R&D

*Israel focuses attention on cannabis research. *Investment in Israel expected to double in 2016. TEL AVIV, March 29- Already a pioneer in high-tech and cutting-edge agriculture, Israel is starting to attract American companies looking to bring medical marijuana know-how to a booming market back home.

Source: Reuters

Israeli firm helping FBI to open encrypted iPhone -report

TEL AVIV, March 23- Israel's Cellebrite, a provider of mobile forensic software, is helping the U.S. Federal Bureau of Investigation's attempt to unlock an iPhone used by one of the San Bernardino, California shooters, the Yedioth Ahronoth newspaper reported on Wednesday. If Cellebrite succeeds, then the FBI will no longer need the help of Apple Inc, the Israeli...

Source: Reuters

Israeli shipping data firm plans push into commodities markets

*Investors include Asia's richest man, former head of CIA. TEL AVIV, March 16- A young Israeli technology company believes the expertise it has built up in tracking ships for governments and security agencies could help it break into the much larger market for providing information on seaborne commodities. Windward, founded just over five years ago by two former...

Source: Reuters

UPDATE 3-Iran tests more missiles, says capable of reaching Israel

*Israeli defence minister says Iran hasn't changed. *Launches reflect domestic rift in Iran. The nearest point in Iran is around 1,000 km from Tel Aviv and Jerusalem.

Source: Reuters

Israeli bank reform stirs up row with central bank, stability fears

*Top 3 banks control 73 pct of Israel's credit supply. TEL AVIV, March 8- Israeli Finance Minister Moshe Kahlon took the job promising consumers to cut the cost of banking, just as he once did for mobile phones. The resulting dispute between Kahlon and Bank of Israel Governor Karnit Flug is causing unease on financial markets.

Source: Reuters

UPDATE 1-Bank of Israel keeps key interest rate at 0.1 percent

TEL AVIV, Feb 22- The Bank of Israel held its benchmark interest rate at 0.1 percent for a 12th straight month on Monday, prompted by a rebounding economy in the second half of 2015 and a slower decline in price falls in January. The central bank reiterated that monetary policy will remain accommodative for a considerable time. While there was some acceleration in...

Source: Reuters

Firewall pioneer Kramer bets on shift to cloud security

*Remains largest shareholder in California- based Imperva. TEL AVIV, Feb 10- Check Point Software Technologies co-founder Shlomo Kramer, a pioneer of efforts to protect businesses from cyber attacks, is betting on security in the cloud as the sector's next big development. After leaving Check Point in 1998, Kramer has used his fortune to establish and finance an...

Source: Reuters