Terrorist Attack in Jerusalem - 4 killed, 20+ injured

Silicon Wadi (lit: "Silicon Valley") is an area with a high concentration of high-tech industries in the coastal plain in Israel, similar to Silicon Valley in California, in the United States. Silicon Wadi is considered second in importance only to its Californian counterpart.

The area covers much of the country, although especially high concentrations of hi-tech industry can be found in the area around Tel Aviv including small clusters around...

One certain advantage is that many Israeli university graduates are likely to become IT entrepreneurs or join startups, about twice as much as US university graduates, who are also attracted to traditional corporate executive positions.

Many international technology companies have research and development facilities in this region including the likes of Intel, IBM, Google, Hewlett-Packard, Philips, Cisco Systems, Oracle Corporation, SAP, BMC Software, Microsoft, Motorola...

In 2006, more than 3,000 start-ups were created in Israel, a number that is only second to the US.

Because of this, Israel is often referred to as the Silicon Wadi and is known to be second only to Silicon Valley in the level of its innovation and ingenuity.

In 2006, foreign investment in Israel totaled $13 billion, according to the Manufacturers Association of Israel.

And finally:
In 2007, direct economic aid from the US amounted to $120 million, or about 0.07% of Israel's GDP.

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