News

Apple Buys First Israeli Tech Company

January 16, 2012
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Apple Inc., the largest company in the world and maker of the iPhone, iPad and iPod, has confirmed its acquisition of Israeli flash memory company Anobit Technologies, located in Herzilya Pituach. ...

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Interest Rate Hits 2.75%: High Among Peers

December 5, 2011
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The Bank of Israel monetary committee cut Israel’s interest rate for December by 25 basis points to 2.75%, after leaving it unchanged last month and cutting it by 25 basis points ...

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Stocks Falter, Bonds Stable: Market Update

November 21, 2011
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Stock indexes on both the Tel Aviv Stock Exchange and Wall Street took a considerable beating in the July-November timeframe. The Tel Aviv 25 index fell 12% compared to the ...

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Israeli Bond Index Yields 7%

June 7, 2011
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The Tel-Bond 60 Index gained 7% in the past 12 months. The index consists of the 60 corporate bonds, fixed-interest and CPI-linked, with the highest market capitalization among all the ...

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Rating Agency gives Israel an ‘A’

June 7, 2011
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International credit rating agency Fitch left Israel’s sovereign debt rating unchanged at A with a stable outlook, but warned that the country needs to reduce its debt load. Finance Minister ...

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Hi-tech in Israel Update

June 6, 2011
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Israel is World’s Top Investor in Research & Development Israel is the world’s top investor in R&D as a proportion of GDP in 2011, according to the World Competitiveness Index ...

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Israel’s Rising Interest Rates & GDP

June 6, 2011
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Israel Raises Interest Rate to 3.25% – Cash Earns 2.75% On May 23, the Bank of Israel raised the basic interest rate by 25 basis points to 3.25% due to ...

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Israeli Oil and Gas Update

June 6, 2011
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Israel considers arbitration over Egyptian gas The supply of gas to Israel, Jordan, Lebanon and Syria was halted a month ago following a terrorist attack on the pipeline near El ...

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Military Technology Continued Success

June 6, 2011
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Pentagon approves Israeli military technology The Pentagon announced plans to purchase four Israeli-developed Iron Dome missile defense systems to help Israel defend the region around Gaza from short-range rockets. The ...

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Teva Stock Price Rises

June 6, 2011
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Teva Pharmaceutical, Ltd., traded on the NASDAQ and Tel Aviv Stock Exchanges, has bounced off its two-year low of $45 a share, and is currently trading 11% higher. This rise ...

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Interest Rate Jumps 0.5%: Strong Economy

April 2, 2011
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In an surprise move this week, Bank of Israel Governor Stanley Fischer raised Israel’s base interest rate by double the expected amount to 3.0% – compared to the U.S. rate ...

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Israel Financial Update – April 2011

March 31, 2011
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March 2011 saw a nearly 3% gain in the Shekel against the dollar. Foreign investors who opened an Israeli investment account in Shekels two years ago would have gained 21% already just ...

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Israel Financial Update: March 2011

February 27, 2011
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In surprising economic news, Israel’s Gross Domestic Product (GDP) rose 7.8% in the fourth quarter of 2010 (5.4% in 2010). The Shekel continues to strengthen against the dollar, gaining another ...

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Israel Financial News Update – February 2011

January 31, 2011
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The Shekel continues to strengthen against the dollar, gaining 16% in the past 21 months. Israeli investment account holders enjoyed this benefits as their holdings are in Shekels. The Israeli ...

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Good Time to Buy TEVA Stock?

December 20, 2010
Pills

The world’s largest generic drug company is an Israeli firm: Teva Pharmaceuticals. Founded in 1944, with a current market capitalization of $49 billion, Teva makes up 8% of the Tel Aviv ...

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Prime Minister Netanyahu on the Economy

November 16, 2010
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Video: Israeli Prime Minister Benjamin Netanyahu discusses the health of Israel’s economy with CNBC.

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OECD Accepts Israel As Member

July 29, 2010
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The Organization for Economic Cooperation and Development has accepted Israel as a member nation, showing Israel’s financial strength in the world markets.

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