Below you'll find a list of all posts that have been categorized as “News”
Global Finance magazine graded the world’s top Central Bankers for 2012, and named the heads of the Central Banks of six countries as the World’s Best Central Bankers. Israel’s Central Bank Governor, widely acclaimed Professor Stanley Fischer, was named for the second year in a row as one of the six World’s …
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. Though it declined to reveal the cost of the deal, a Hebrew-language newspaper pegged the price around $400 million. The …
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 for October. The Bank of Israel, led by internationally-acclaimed American-Israeli Governor Stanley Fischer, believes that the interest rate cut, together …
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 S&P 500 in the U.S., which dropped 8%. In contrast to stocks’ decline, the Tel Aviv 20 Bond Index stayed …
The Tel-Bond 60 Index gained 7% in the past 12 months. This index consists of 60 corporate bonds, fixed-interest and CPI-linked, with the highest market capitalization among all the bonds traded on the Tel Aviv Stock Exchange. These bonds are all rated between A- and AAA (the highest rating possible). …
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 …
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 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% …
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 …
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 …
