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  • *Gaza's economic output contracted 15 percent in 2014. JERUSALEM, May 22- Gaza's economy is in a worse state than any other in the world, with unemployment at a global high, output contracting sharply and the long-term prospects worrying, the World Bank said on Friday. "Blockades, war and poor governance have strangled Gaza's economy and the unemployment rate is now...

  • IMF says Gaza reconstruction moving slowly Wednesday, 20 May 2015 | 7:27 AM ET

    GAZA CITY, Gaza Strip— The reconstruction of the Gaza Strip is going "far more slowly than expected" after a devastating war between Israel and the Hamas militant group last year, the International Monetary Fund said this week. The pledges were made at an international conference in Cairo after the end of the 50- day war last summer between Israel and Gaza's Hamas...

  • RPT-Milking it: Israel leads the way in dairy tech Tuesday, 19 May 2015 | 8:39 AM ET

    *Israel applies hi-tech methods to increase dairy yields. *China, India, other Asian countries, look to Israeli expertise. TEL AVIV, May 19- Decades ago Israeli dairy farmers confronted a quandary- how could they provide milk to a fast-growing population in a country that is two-thirds desert, with little grazing land?

  • Bio Blast reports 1Q loss Tuesday, 19 May 2015 | 8:13 AM ET

    TEL AVIV, Israel _ Bio Blast Pharma Ltd. on Tuesday reported a loss of $3.3 million in its first quarter. On a per-share basis, the Tel Aviv, Israel- based company said it had a loss of 23 cents. Keywords: Bio Blast Pharma, Earnings Report.

  • Elbit posts 1Q profit Monday, 18 May 2015 | 5:21 AM ET

    HAIFA, Israel _ Elbit Systems Ltd. on Monday reported first-quarter net income of $44.6 million. Elbit shares have risen 30 percent since the beginning of the year. Keywords: Elbit Systems, Earnings Report.

  • M&A activity in Israel shifts beyond high tech Thursday, 14 May 2015 | 7:28 AM ET

    TEL AVIV, May 14- When one of China's biggest food companies was looking to boost its dairy output it turned to Israel's tiny market, paying about $1.1 billion for control of the country's largest food maker. Even though the company Tnuva is focused on the Israeli market, China's Bright Food was attracted to its efficiency in milk production and cutting-edge...

  • *CEO says has met with Finance Ministry over tax hike plan. JERUSALEM, May 13- Israel Chemicals said on Wednesday it was optimistic the country's incoming government might water down a plan to impose stiff taxes on mining firms. ICL Chief Executive Stefan Borgas said he met Finance Ministry officials this month, but not incoming Finance Minister Moshe Kahlon, and...

  • Galmed Pharmaceuticals reports 1Q loss Wednesday, 13 May 2015 | 7:07 AM ET

    TEL AVIV, Israel _ Galmed Pharmaceuticals Ltd. on Wednesday reported a loss of $2.5 million in its first quarter. Galmed Pharmaceuticals shares have risen 48 percent since the beginning of the year. Keywords: Galmed Pharmaceuticals, Earnings Report.

  • Israel Chemicals posts 1Q profit Wednesday, 13 May 2015 | 6:39 AM ET

    TEL AVIV, Israel _ Israel Chemicals Ltd. on Wednesday reported earnings of $217 million in its first quarter. Israel Chemicals shares have fallen nearly 5 percent since the beginning of the year. Keywords: Israel Chemicals, Earnings Report.

  • *Adjusted Q1 EPS $0.78 vs $0.49 forecast. TEL AVIV, May 13- Israeli chipmaker TowerJazz beat estimates for first-quarter net profit thanks to revenue from its joint venture in Japan with Panasonic Corp as well as growing market share among its largest customers. It earned 78 cents per share excluding one-time items, compared with 40 cents a year earlier as...

  • *Nepal yet to recover from last month's disaster. CHAUTARA, Nepal, May 12- A second powerful earthquake in less than three weeks spread panic in Nepal on Tuesday, bringing down buildings weakened by the first disaster and killing at least 66 people, including 17 in neighbouring India and one in Chinese Tibet. The new 7.3 magnitude quake was centred 76 km east of the...

  • *New quake causes panic across Nepal. SANGACHOWK, Nepal, May 12- A 7.3 magnitude earthquake killed at least 41 people and spread panic in Nepal on Tuesday, bringing down buildings already weakened by a devastating tremor less than three weeks ago and unleashing landslides in Himalayan valleys near Mount Everest. The new earthquake was centred 76 km east of the...

  • Mobileye beats Street 1Q forecasts Monday, 11 May 2015 | 7:45 AM ET

    JERUSALEM _ Mobileye NV on Monday reported first-quarter net income of $10.1 million, after reporting a loss 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. Mobileye shares have risen 13 percent since the beginning of the year.

  • JERUSALEM— Former Israeli Prime Minister Ehud Barak has joined the board of a local startup that specializes in biometric identification technology. FST Biometrics announced Monday that it had received a $15 million investment from GMF Capital, a firm led by Swiss investor Gary Fegel, and that Barak would serve as GMF's representative on the company board.

  • The company has been steadfast in its refusal to combine with Teva and is instead encouraging shareholders to support its own $34 billion unsolicited offer for over-the-counter drugmaker Perrigo Co Plc. Teva said on Tuesday it will move ahead with its plans to acquire Mylan if the Perrigo deal is not completed. Speaking privately to investors this week,...

  • JERUSALEM, May 8- Benjamin Netanyahu's formation of one of the most right-wing government in Israel's history has fuelled concerns in Europe and the United States about further settlement building and dimming prospects for peace. Since entering parliament in 2013, she has backed a number of controversial bills, including one that would enshrine Israel as...

  • JERUSALEM, May 6- Prime Minister Benjamin Netanyahu clinched a deal on Wednesday to form a new right-wing government comprising five parties that will hold a one-seat majority in Israel's 120- seat parliament. The measure proposes taxing any such income unless Israel's defense minister and a parliamentary committee on security affairs say otherwise.

  • *Q1 adjusted EPS $1.36 vs $1.25 forecast. *Raises 2015 adjusted EPS forecast to $5.05- $5.35. TEL AVIV, April 30- Teva Pharmaceutical Industries raised its 2015 earnings forecast after beating first-quarter estimates, and said it would devote "all necessary resources" to its $40 billion- plus bid for rival Mylan Inc..

  • JERUSALEM, April 27- The Bank of Israel kept its benchmark interest rate at 0.1 percent for a second straight month on Monday, saying it expected prices to pick up after a recent bout of deflation. "Short-term inflation expectations from various sources are near the lower bound of the inflation target range, or slightly below it," the Bank of Israel said in a...

  • April 22- Generic drugmaker Teva Pharmaceutical Industries Ltd said it could "promptly" divest some operations to obtain regulatory clearance for its proposed $40 billion takeover of smaller rival Mylan NV. Mylan, which has said a merger with Teva would be bad fit, plans to make a new offer for Perrigo Co Plc in the near term, CNBC reported on Wednesday.