The Confederation of Indian Industry and Israel’s High Tech Industries Association (HTIA) will work to establish a network that would bring investors and entrepreneurs close and expand trade

The forecast rate of growth for 2011 is 5.2%. The rate of unemployment is expected to decline to an average of 5.8%

The Ofer Brothers group is facing US sanctions, for its part in transaction that sold a tanker tanker valued at US$8.65 million to the Islamic Republic of Iran Shipping Lines- IRISL

Israel is 1st in the world in total expenditures of R&D as % of GDP, entrepreneurship, central bank policy and scientific research and 2nd in access to venture capital and public expenditure on education

However, according to the prediction, the economy will regress to 4.7% growth in 2012 due to rising labor-supply constraints and more interest rate hikes

Since the beginning of 2011 the index has risen by 1.8%. The services exports index declined in April by 4.2%. The index of imports of production inputs slipped a little further, by 0.1%

El Al noted a sharp rise in fuel costs which outpaced a negligible revenue gain. Revenue edged up 0.5% to US$425.2 million. Revenue from its cargo business jumped by 32%

The Knesset Finance Committee approved last week a US$142 million expansion of export in an attempt to stop exports from losing profitability as a result of a strong shekel