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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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SMART Medical Systems Ltd

Domain Elite invests $6.5M to bring SMART Medical Systems' endoscopy products to China

American venture capital firm Domain Elite invested $6.5 million in Israeli endoscopy and colonoscopy products maker SMART Medical Systems to bring the latter's products to meet the demand for the said products in Greater China.

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Kool Food

Abraaj picks up stake in Moroccan chocolate maker Kool Food

Dubai, United Arab Emirates (UAE)-based firm Abraaj Group picked up a stake in Casablanca, Morocco-based chocolate manufacturer Kool Food for an undisclosed amount to back the latter's international distribution plans.

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Doha Bank

Doha Bank agrees to acquire HSBC Bank Oman

Doha Bank, a Qatar based lender, has entered into a definite acquisition agreement with HSBC Holdings Plc's HSBC Bank Oman to purchase its lending arm in India pending regulatory approvals in India, Jersey, Qatar and Oman.

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Wind farm

International Finance Corp shells out $25.8M for wind farm in Pakistan

The International Finance Corp (IFC) is shelling out $25.8 million for the construction of a new wind farm in Sindh province of Pakistan to fill in the increasing energy deficit in the region.

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Joseph Perella

Sources: NBK Capital appoints Perella Weinberg Partners for asset sale

NBK Capital appointed Perella Weinberg Partners as its adviser on a planned stake sale, reported Bloomberg.

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Diwanee

French publisher Webedia adds Lebanese digital media firm Diwanee

Paris, France-based digital publishing firm Webedia added Lebanon-based digital media firm Diwanee for an undisclosed amount to help the latter reach out to women in the Middle East.

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Arad Group

Arad Group picks up controlling stake in Mexican water meter maker Cicasa for $2M

Dalia, Israel-based water measurement solutions and services provider Arad Group picked up a controlling stake in Mexico-based water meter manufacturer Cicasa for $2.04 million to gain access to the Latin American market.

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Flayvr

Israeli app Flayvr grabs $2M in seed funding to organize smartphone photos

Tel Aviv, Israel-based mobile gallery startup Flayvr grabbed $2 million in seed funding from institutional and angel investors to help smartphone users organize their gallery photos for easy viewing and sharing.

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StoreDot

Israeli startup StoreDot develops technique for 30-second phone charging

Ramat-Gan, Israel-based nanotech startup StoreDot developed a prototype of a device that will enable a person to charge a phone within just 20 seconds in a cost-efficient and environment-friendly manner.

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Neura

Israeli startup Neura bags $2M in funding to connect devices in a single app

Herzliya, Israel-based connected device network Neura bagged $2 million in a funding round led by Greenhouse Capital Partners to connect several gadgets using one mobile app.

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Stratasys

Israeli 3D printing firm Stratasys buys American filament maker Interfacial Solutions

Rehovot, Israel-based 3D printing firm Stratasys bought Wisconsin, US-based plastic filament maker Interfacial Solutions for an undisclosed sum to streamline its operations through hardware and filament production.

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OrCam

Intel to pour $15M into Israeli smarglasses startup OrCam

Intel Capital is planning to pour $15 million in funding into Jerusalem, Israel-based smartglasses maker to continue helping visually impaired people using the startup's product.

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