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  • NEW YORK— The top legislative body of the United Church of Christ voted Tuesday to divest from companies with business in the Israeli-occupied Palestinian territories, in a sign of the growing momentum of a U.S. protest movement against Israeli policy. Last year, the Presbyterian Church voted to sell stock in a few companies whose products are used by Israel in...

  • PARIS, June 30- French telecoms group Orange and Israeli mobile phone operator Partner Communications said on Tuesday they had agreed terms to end their licensing deal following a public row in Israel, but Orange said it was still committed to Israel. Israel protested to France after Orange's Chief Executive, Stephane Richard, said earlier this month he would...

  • Kurdistan ramps up independent oil sales Monday, 29 Jun 2015 | 9:43 AM ET

    ANKARA/ ARBIL, June 29- Iraq's semi-autonomous Kurdistan region has ramped up independent oil sales since mid-June while cutting allocations to Iraq's state oil firm SOMO in an escalating dispute over export rights and budget payments. June became the first month of large independent sales since December last year, when Kurdistan agreed a deal with Baghdad...

  • Iran talks likely to blow past deadline: Officials Sunday, 28 Jun 2015 | 5:16 PM ET
    Secretary of State John Kerry (left) and Iranian Foreign Minister Javad Zarif

    U.S. and Iranian officials said talks on a final accord would likely run past a June 30 deadline.

  • VIENNA, June 28- Iran is backtracking from an interim nuclear agreement with world powers three months ago, Western officials suggested on Sunday, as U.S. and Iranian officials said talks on a final accord would likely run past a June 30 deadline. Securing an historic agreement would end a more than 12- year nuclear standoff between Iran and the West and open the...

  • *Zarif to return to Vienna on Monday. Iranian Foreign Minister Mohammad Javad Zarif was to leave Vienna and return to Tehran for consultations with the country's leadership on the state of negotiations, Iran said. "Zarif will return to Tehran tonight and will come back to Vienna tomorrow," Iran's Tasnim news agency said, citing an unnamed Iranian official.

  • Emerging Israel gas deal ignites fierce debate Thursday, 25 Jun 2015 | 1:20 PM ET

    JERUSALEM— When natural gas was discovered a few years ago off the shores of resource-poor Israel, it was heralded as nothing short of a miracle, but an emerging deal with developers has been plagued by criticism, with opponents accusing Prime Minister Benjamin Netanyahu of caving to a monopoly. After long negotiations, a government committee has struck a deal...

  • TEL AVIV, June 24- The family businesses that make up the global diamond trade have seen their profits wiped out over the past five years, hit by shaky financing, increased costs and uncertain demand from customers who prefer hi-tech gadgets to bling. While the $80 billion overall spent on diamond jewelry last year was a record, the manufacturers are expected to...

  • TEL AVIV, June 23- Mylan NV chief financial officer John Sheehan will arrive in Israel on Wednesday for a meeting with the head of the Tel Aviv Stock Exchange to discuss a possible listing of its shares if it succeeds in buying Perrigo Co, an industry source said. Mylan has offered to acquire Perrigo for $34 billion in an attempt to fend off a bid from Israel's Teva...

  • Palestinian Authority freezes assets of former PM Monday, 22 Jun 2015 | 7:08 AM ET

    RAMALLAH, West Bank— Former Prime Minister Salam Fayyad says the Palestinian Authority has frozen his bank account and accused him of money laundering. Fayyad, a politically independent economist, served as prime minister from 2007 to 2013, when he resigned amid a falling out with President Mahmoud Abbas. Fayyad said the funds were for projects in Jerusalem...

  • Ellomay posts 1Q profit Monday, 22 Jun 2015 | 5:03 AM ET

    TEL AVIV, Israel _ Ellomay Capital Ltd. on Monday reported first-quarter net income of $3.9 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Tel Aviv, Israel- based company said it had profit of 36 cents. Keywords: Ellomay Capital, Earnings Report.

  • JERUSALEM, June 16- Israel's economy grew less than expected in the first quarter, according to official data on Tuesday, which could put pressure on a reluctant central bank to lower interest rates further. The data were supposed to be the first to give a clear picture of how Israel's economy was performing after last summer's Gaza war, which led to near-zero...

  • *Graph on Israel's housing prices: http://link.reuters.com/wek34w. JERUSALEM, June 11- After huge success in slashing mobile phone rates, new Israeli Finance Minister Moshe Kahlon hopes to do the same with sky-high housing costs with reforms aimed at increasing supply and cooling demand by raising taxes on investment homes. The soaring cost of owning a home--...

  • TEL AVIV, June 4- Israel's Arab minority is seeking its share of high-tech success in a "start-up nation", a quest that has already turned Jesus's boyhood town of Nazareth into an incubator for innovation. But scarce funding, long-entrenched discrimination and the disadvantage, in Israel, of not serving in its military are all obstacles the Arab community faces in...

  • Some 2,400 workers had walked out of the ports of Ashdod and Haifa as union leaders went underground and for most of Thursday defied orders from labour courts to return to their posts. The government, frustrated by labour disputes that have disrupted Israel's trade arteries for years, signed contracts with two foreign companies on Thursday to operate...

  • Israeli port workers defy court order to continue strike Thursday, 28 May 2015 | 10:06 AM ET

    Spokesmen for the ports of Ashdod and Haifa said 2,400 workers had left their posts and union leaders had gone underground. The government, frustrated by labour disputes that have disrupted Israel's trade arteries for years, signed contracts with two foreign companies on Thursday to operate terminals adjacent to the state-run ports of Ashdod and Haifa.

  • DIARY- Top Economic Events to June 5 Monday, 25 May 2015 | 9:09 PM ET

    TAIPEI- Former Federal Reserve chairman Ben Bernanke speaks on Asian economies- 0830 GMT. TEL AVIV, Israel- Federal Reserve Vice Chair Stanley Fischer speaks on "The Federal Reserve and the Global Economy" before a conference in honor of Professor Haim Ben-Shahar- 1630 GMT. PARIS- ECB Governing Council Member Christian Noyer gives an annual press conference in...

  • *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...

  • 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?

  • 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...