By Jewish News Syndicate (JNS)
Israel’s Central Bureau of Statistics (CBS) announced that the Israeli economy grew at an annual rate of 5.1 percent in the second fiscal quarter of 2013, beating economists’ expectations. Economists had projected 3-percent growth in the second quarter for Israel. This compares with just 2.7-percent growth in the first quarter and 3.1 percent in the […]
The money markets can relax. There is economic growth after Stanley Fischer, who has decided that Israel is not his home. Prof. Yaakov Frenkel, who once headed the Bank of Israel, is returning.
Bank of Israel Governor Stanley Fischer announced on Monday a surprise cut the prime interest rate as part of his battle to fight the appreciation of the shekel and help the economy to keep growing. The financial markets responded with the shekel-dollar rate rising more than 1.5 percent to the level of 3.61 shekels to […]
Israeli technologies, shared with the U.S. industry, have enhanced the U.S. employment, research & development and exports.
By Batya Medad
This is a Marie Antoinette government whose theme is, "Let them eat cake."
The barrages of homemade Grad rockets and Iranian produced Fajr-5s that were fired by Tehran’s proxy Hamas and Islamic Jihad militias at Israeli population centers in southern and central Israel during the recent fighting were reportedly not only meant to kill and maim civilians but also to wreck Israel’s economy. The militias’ goal was to exact revenge on Israel, the U.S. and the EU for the stifling sanctions imposed on the Iranian regime.
Israel’s credit rating has been reaffirmed at A+ by “Standard and Poor,” at a time when S&P lowers the credit rating of an increasing number of Western countries. While exports to Europe dropped due to the global meltdown, Israeli exports to the U.S. surged.
While recognizing pitfalls of the Israeli economy such as Israel's significant social and political problems as well as a slowdown in growth, Moody's 2012 credit report seems to have more confidence in israel's economy relative to the G-20 advanced countries.
The Moody's credit rating agency lowered its outlook for the credit rating of Israel's banking system from stable to "negative," due to the economic challenges it faces in the next 12 to 18 months. However, the agency did not lower the ratings of the banks themselves, and only two weeks ago has ratified the Israeli […]
We knew the Israeli economy was in good shape, but this is ridiculous. Well, not if the shekel in question was minted just under 2000 years ago. The ancient Jewish coin was sold for $1.1 million (a record) at the Heritage Auctions house in Manhattan. It’s a silver shekel from 66 AD, and was bought […]
JERUSALEM – Expect to see new rounds of protests by Israeli investors and consumers against financially strapped business leaders and supermarket chains and food conglomerates that have raised prices drastically on basic foodstuffs over the past few months.