Tag: Israel Economy
Israelis and Palestinians unite to create economic viability
With so many new businesses sprouting up in Israeli and Palestinian communities in Judea and Samaria, isn’t it possible to create some form of collaboration between them to share resources and take advantage of...
2018 report shows Israeli unemployment rate low, though cost of living high
Israel’s cost of living is rising more slowly than that of other developed countries, but still maintains a high cost of living.
According to a report published on Monday by the Taub Center, Israeli unemployment...
Israel, Cyprus, Greece and Italy reach agreement on longest underwater gas pipeline
Israel, Cyprus, Greece and Italy have reached an agreement on the world’s longest underwater gas pipeline, estimated to cost nearly $7 billion, the financial website Globes reported on Sunday.
After signing a memorandum of understanding late last year, the...
Outgoing Bank of Israel governor to successor: Be prepared for next crisis
The outgoing Bank of Israel governor offered a dire warning on Wednesday to her successor: Be prepared for the next economic crisis.
“The economy’s resilience must be improved by many measures because no one knows...
Netanyahu, Chinese vice president talk economic cooperation at conference
Israeli Prime Minister Benjamin Netanyahu and Chinese Vice President Wang Qishan chaired the fourth annual Meeting of Israel-China Joint Committee on Innovation Cooperation, where eight joint agreements are expected to be signed related to innovation, science...
U.S. Treasury Secretary Mnuchin: Israel ‘is a really great place for investments’
U.S. Treasury Secretary Steven Mnuchin hailed investment opportunities in Israel and vowed Washington would increase its participation in infrastructure projects there, as he embarked on a Middle East tour on Sunday, The Algemeiner reported.
“We have a...
IMF projects Israeli economy to see 3.6% growth in 2018
The Israeli economy will have grown by 3.6% by the end of 2018, with inflation of 0.9% and an all-time low of 3.9% unemployment, the International Monetary Fund reported on Tuesday.
The IMF also expects...
SodaStream sold to Pepsi for $3.2 billion in cash
Israel’s popular homemade seltzer company, SodaStream, has been sold to U.S.-based PepsiCo Inc for $3.2 billion in cash.
SodaStream CEO Daniel Birnbaum said the sale “is validation of our mission to bring healthy, convenient and...
Israel’s credit rating the highest ever, raised by Standard & Poor’s to -AA
Israel’s credit rating has been upgraded by Standard & Poor’s from A+ to -AA, the highest rating Israel has ever had.
There are only 17 countries in the world that enjoy an AA rating. Israel,...
Moody’s affirms Israel’s A1 credit rating, gives economy positive outlook
Global-ratings agency Moody’s has changed Israel’s outlook to “positive” from “stable” and affirmed its A1 credit rating.
Moody’s report, issued on Friday, noted the improved economic and diplomatic ties with the moderate Arab states and...