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  • The new "supergiant" offshore Zohr field, revealed a day earlier by Italy's Eni SpA and billed as the "largest-ever" found in the Mediterranean Sea, could alleviate Egypt's need for gas imports in the coming years, when a booming population will lead to a spike in domestic demand. "It's a very useful positive economic factor in Egypt," he said. Last March, authorities...

  • JERUSALEM/ CAIRO, Aug 31- Egypt's historic gas discovery threatens to sink Israel's fledgling gas export bonanza, which was counting on deals with Cairo to get it off the ground. "It's a bit early to assess the quality of the data and their significance, but if they are accurate, the discovery off Egypt's coast is bad news for the Israeli economy and the companies...

  • *Israeli energy stocks plunge on Egypt find. MILAN, Aug 31- Eni's "supergiant" gas find off the coast of Egypt bolsters its top-flight exploration credentials and gives the Italian energy group access to easy reserves that fit its strategy of seeking growth without sacrificing dividends. It is looking to reduce its stake in its Mozambique gas discovery and does...

  • MILAN, Aug 31- Italy's Eni is open to selling a stake in its "supergiant" Zohr gas field discovery off of Egypt, its chief executive said, as the state-controlled energy company looks for funds to bankroll development without sacrificing dividends. Eni said on Sunday it had discovered the largest known gas field in the Mediterranean off Egypt, covering an area of...

  • NEW YORK, Aug 28- A Florida man accused of running an unlicensed bitcoin exchange and who is among five defendants linked to last summer's massive data breach at JPMorgan Chase& Co is in talks to resolve his criminal case, according to court papers filed Friday. Should a plea deal be reached, it could be a breakthrough for authorities investigating the hacking of...

  • In Jerusalem's culture war, secular residents make gains Wednesday, 26 Aug 2015 | 2:00 AM ET

    JERUSALEM— Crowds of angry ultra-Orthodox Jewish men, wearing long beards, black and white garb and large black hats, protested in the streets of Jerusalem earlier this month against a new cinema opening its doors on the Sabbath. The demonstration was meant to be a show of strength in a long-running dispute over the role of strict Jewish law in the cultural life of...

  • NEW YORK— Palestinian authorities found liable in a high-profile lawsuit over Americans killed in terrorist attacks must pay $10 million in cash— and an additional $1 million monthly payment while the case is on appeal— to secure the hundreds of millions awarded by a jury, a U.S. judge said Monday. In ordering the security payment, Manhattan federal Judge George B....

  • Bio Blast reports 2Q loss Friday, 21 Aug 2015 | 8:06 AM ET

    TEL AVIV, Israel _ Bio Blast Pharma Ltd. on Friday reported a second-quarter loss of $3.7 million, after reporting a profit in the same period a year earlier. The Tel Aviv, Israel- based company said it had a loss of 26 cents per share. Keywords: Bio Blast Pharma, Earnings Report.

  • JERUSALEM, Aug 16- Israeli consumers took a break from spending in the second quarter, resulting in an annualized growth rate for the economy of just 0.3 percent of gross domestic product, data showed on Sunday, far weaker than expected so far in 2015.. With exports and investment struggling for more than a year and government spending limited by the lack of a 2015...

  • JERUSALEM, Aug 13- Israel's government said on Thursday it had reached a deal with a U.S.-Israeli consortium on the development of the huge Leviathan gas field and two other offshore wells. After weeks of talks over the government's initial proposal in June, the controversial deal will allow Texas- based Noble Energy and Israel's Delek Group to keep ownership...

  • ISMAILIA, Egypt, Aug 6- Egypt received a show of international support on Thursday as it inaugurated a major extension of the Suez Canal which President Abdel Fattah al-Sisi hopes will power an economic turnaround in the Arab world's most populous country. The former armed forces chief, who led a military takeover two years ago but ran for president as a civilian...

  • ISMAILIA, Egypt, Aug 6- Egypt staged a show of international support on Thursday as it inaugurated a major extension of the Suez Canal which President Abdel Fattah al-Sisi hopes will power an economic turnaround in the Arab world's most populous country. The former armed forces chief, who led a military takeover two years ago but ran for president as a civilian...

  • ISMAILIA, Egypt, Aug 6- Nationalist celebrations to inaugurate a major extension of the Suez Canal intended to power an economic turnaround began on Thursday when Egyptian President Abdel Fattah al-Sisi boarded a historic yacht to welcome foreign dignitaries. The $8 billion New Suez Canal project was completed in just one year instead of three on Sisi's...

  • Jewish leaders it was likely rockets would fall on Tel Aviv if a nuclear deal with Iran was blocked and military action ensued, one of them said on Wednesday. In a separate appeal to American Jews, Israeli Prime Minister Benjamin Netanyahu, a fierce opponent of the July 14 accord, pushed back in a webcast on Tuesday against the Obama administration's argument that...

  • *Delek, Noble will invest $10 billion once outline approved. TAMAR PLATFORM, East Mediterranean, Aug 4- The Tamar natural gas platform, towering 300 feet above the Mediterranean, is a rare success story in Israel's fledgling energy sector- a state-of-the-art facility that has already saved billions of dollars in electricity costs. Texas- based Noble Energy and...

  • JERUSALEM, Aug 4- Leumi, Israel's second-largest bank, said on Tuesday it had sold another 5.2 percent stake in conglomerate Israel Corp for 500 million shekels. Leumi said it had sold the 400,000 shares of Israel Corp on Monday to a number of unnamed entities at 1,250 shekels each. Leumi still holds 5.9 percent of Israel Corp, the parent company of potash producer...

  • JERUSALEM, July 30- The Tel Aviv Stock Exchange secured its members' approval on Thursday to turn into a for-profit body, a move aimed at boosting trading volumes and reversing a tide of delistings. Amnon Neubach, chairman of Israel's only stock exchange, said that privatization would be an important step in "a process which is highly significant for TASE's...

  • Teva's MS drug Copaxone has strong second-quarter sales Thursday, 30 Jul 2015 | 8:42 AM ET

    JERUSALEM, July 30- Teva Pharmaceutical Industries, which this week revealed plans to buy Allergan's generics drugs business in a $40.5 billion deal, said on Thursday sales of its branded multiple sclerosis drug Copaxone rose 12 percent in the second quarter even though it faces new competition. Teva, the world's biggest generic drug maker, said that global...

  • TEL AVIV, July 27- Teva Pharmaceutical Industries has agreed to buy Allergan Plc's generic drugs business for $40.5 billion in a cash and stock deal that will turn the Israeli company into one of the world's largest pharmaceutical firms. It also will allow Dublin- based Allergan, the third-largest generic drugmaker in the United States, to focus on branded drugs...

  • TEL AVIV, July 27- Teva Pharmaceutical Industries has agreed to buy Allergan Plc's generic drugs business for $40.5 billion in a deal that will turn Teva into one of the top 10 pharmaceutical companies. Allergan's generic business is generally seen as a better fit than Teva's previous target Mylan because it will improve Teva's distribution channels and...