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 …

Teva Stock Price Rises

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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 is likely due to its recent acquisition of a specialty, branded drug-maker Cephalon for $6.8 billion in early May. It …

The Upcoming Dollar Crisis

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The dramatic events of the global sub-prime crisis, credit crunch, ensuing tumble of home prices and the stock market in 2008/2009 have damaged many families’ financial situation, shaken their confidence, and caused much anxiety regarding their financial future. Our natural ability to adapt, however, makes us more inclined to “adjust” …