Middle East

Oak Hill Capital Partners

Oak Hill Capital to buy Berlin Packaging for $1.43 billion

Private equity firm Oak Hill Capital Partners said it would buy container maker Berlin Packaging LLC for $1.43 billion from Bahrain-based investment firm Investcorp Bank BSC INVB.BH.

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Glow by EndyMed

OHMK Medical Technology invests $7 million in EndyMed Ltd

Israeli-company EndyMed Ltd has reached an agreement with the Chinese OHMK Medical Technology, which will acquire 47.93 million EndyMed shares (28.94 percent share capital and voting rights), for $7 million.

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Suez canal near Ismailia port city

Egypt plans to dig new Suez Canal costing $4 billion

Egypt plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project aimed at expanding trade along the fastest shipping route between Europe and Asia.

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Smoke trails are seen as rockets are launched towards Israel

Gaza death toll rises; Hamas fires rockets at Tel Aviv

An Israeli air strike on the home of Gaza's police chief killed 18 people on Saturday, Gaza's health ministry said, and Hamas fired the largest salvo of rockets yet on Tel Aviv since the start of the Jewish state's offensive in the Palestinian enclave.

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Cellcom

Israeli mobile phone co Cellcom to offer TV over Internet

Cellcom, Israel's largest mobile phone operator, said on Tuesday it will offer television services over the Internet as it seeks to look for new sources of revenue amid heavy competition in the cell phone market.

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Emerging Markets

Moody's: EMEA high-yield market remains set for another record year, as private equity IPOs continue

With high-yield bond issuance of USD13.8 billion in May, and cumulative issuance reaching USD70 billion, 2014 looks well placed to set another issuance record according to Moody's

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Turkish Flag

Turkey lifts block on access to YouTube: official

Turkey's telecoms regulator removed an official order blocking access to YouTube (GOOGL.O) from its website on Tuesday after the country's top court ruled last week that the ban was a breach of human rights.

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Newsonair.com

Iranian hackers use fake Facebook accounts to spy on U.S., others

In an unprecedented, three-year cyber espionage campaign, Iranian hackers created false social networking accounts and a bogus news website to spy on military and political leaders in the United States, Israel and other countries, a cyber intelligence firm said on Thursday.

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YouTube

Turkish telecoms watchdog says waiting on ruling to unblock YouTube

Turkish telecoms watchdog BTK said on Friday it had not yet received a ruling by Turkey's top court ordering the removal of a two-month block on video-sharing website YouTube

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Massachusetts Governor Deval Patrick

Aptima Chairman Joins Massachusetts Governor Deval Patrick on Innovation Mission to Israel

Led by Massachusetts Governor Deval L. Patrick, a delegation of top industry executives and economic development officials, including Aptima Chairman Daniel Serfaty, are visiting Israel from May 27 to May 29, 2014. The "Innovation Partnership Mission" is focused on expanding avenues of collaboration between the entrepreneurial sectors of Massachusetts and that of Israel in order to advance technology investment and job growth.

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Amit Bendov

Israel's SiSense sees surging demand for data analytics software

Business intelligence software provider SiSense said it expects sales to triple in 2014, boosted by soaring demand from small- and medium-sized businesses seeking to analyze growing amounts of data.

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RRSat Chief Executive Avi Cohen

RRsat sees video distribution market shifting to outsourcing

New technologies in digital media services and an industry shift towards outsourcing will bring strong growth opportunities in the coming years, said Avi Cohen, chief executive of Israel's RRsat Global Communications Network.

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AOL logo

AOL to invest in Israeli start-ups

AOL Inc said on Sunday it is starting a program inIsrael to assist start-ups, and that it will invest at least $100,000 in as many as 10 projects at a time. The Internet giant already has a development center in Israel, and its new project, called Nautilus, is meant to give

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Iran President Hassan Rouhani

Time to embrace the Internet, Iran president says

Iran should embrace the Internet rather than see it as a threat, President Hassan Rouhani has said, in remarks that challenge hardliners who have stepped up measures to censor the Web.

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Tvinci

Kaltura buys Israeli pay TV startup Tvinci

New York, US-based open-source video platform Kaltura bought Tel Aviv, Israel-based pay TV service startup Tvinci for an undisclosed amount to gain flexibility in the video business and grow its revenue.

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