Israeli Bond Index Yields 7%

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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 bonds traded on the Tel Aviv Stock Exchange. The bonds are all rated between A- and Aaa (the highest rating …

Rating Agency gives Israel an ‘A’

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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 Yuval Steinitz received the company’s decision warmly, declaring it a ‘”certificate of honor for Israel, which has shown the strength …

Hi-tech in Israel Update

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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 of 59 countries by Switzerland’s IMD Business School. Israel is ranked 17th in competitiveness overall, the same as in 2010. …

Israel’s Rising Interest Rates & GDP

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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 the rising Israeli inflation rate and to curb the continuing rise of house prices. This means investors will earn 2.75% …

Israeli Oil and Gas Update

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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 Arish in the Sinai and has yet to be resumed. There had been a previous attack in February which halted …

Military Technology Continued Success

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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 first-in-its-class system is developed by Israeli government defense firm Rafael. Head of the Pentagon’s Missile Defense Agency Lt. Gen. Patrick …