Israel has to be innovative in order to supply its territory with water. French companies participate in these efforts and take part in two large projects. The first is the factory of water desalination in Ashkelon, the second is the so-called « Peace Channel » (or «Red-Dead») which connects the Red Sea and the Dead Sea.
Pharmaceutical company Teva reported GAAP net income of USD 3.3bn for the year 2010.
The president of Better Place, Shai Agassi, confirmed his ambition to launch before the end of the year the first electric cars in Israel. The French firm Renault will manufacture this new model called Fluence ZE.
At the beginning of February, the governor of the Israeli Central Bank, Stanley Fischer, announced two news measures to fight financial speculation, which mainly deter investors from placing in high performance assets, such as the Israeli shekel.
