web analytics
January 29, 2015 / 9 Shevat, 5775
 
At a Glance
Blogs
Sponsored Post


Gaza Clash Had Limited Impact on Israel’s Economy

Economic facts about Israel in the aftermath of Operation Pillar of Defense.
A board showing stock fluctuations at the Tel Aviv stock exchange.

A board showing stock fluctuations at the Tel Aviv stock exchange.
Photo Credit: Moshe Shai/FLASH90

From the Jerusalem Boardroom #173:

1. The Atlanta-based NCR, the global leader in retail software and services, acquired Israel’s Retalix for $800MN (Globes Business Daily, November 30, 2012).

2. The Larchmon, NY-based Bessemer Venture Partners led – along with the London-based Index Ventures and the Palo Alto-based Accel Partners – a $25MN round of private placement in Israel’s MyHeritage (Globes, November 30). Telefonica de Espana, the Spanish telecommunications giant, led – along with Singapore’s SingTel, the Mountain View, CA-based Mozilla Firefox, the Hong Kong-based Li Ka-Shing’s Horizons Ventures and theMenlo Park-based Draper, Fisher, Jurvetson – a $25MN round of private placement in Isreal’s EveryThing.ME (November 30). Li Ka-Shing’s Hutchison acquired Israel’s technology incubator, Kinrot (Nov. 12).

3. Britain’s BrightSource and France’s Alstom won tender for 121 Megawatt solar thermal power plant in Israel. The scope of the expected investment is $650MN (Globes, November 19).

4. Italy’s (giant) Edison Energy follows in the footsteps of Noble Energy, entering Israel’s natural gas exploration, concluding a contract with Israel’s Ratio Oil Exploration. Under the agreement, Edison will be the well-operator for the Gal licenses – which covers 1,770 square kilometers in the southwest corner of Israel’s exclusive economic zone with high potential of oil and natural gas – with 20% of the rights in the permit’s two licenses and an option on another 20% (Globes, Nov. 25).

Substantial Norwegian energy companies – such as SubSea7 and SeaDrill – consider participation in Israeli explorations. Currently, Norway’s AGR operates in Israel (Globes November 21).

5. Len Rosen, CEO of Britain’s Barclays Bank in Israel: “I have been in Israel during the last six years, but the only real violent event which I witnessed was September 11 in NYC…. I have not noticed a decline in the global interest in Israeli companies as far as Mergers and Acquisitions and investments in stock and bonds. I have noticed a decline in the scope of foreign investments, which is a derivative of a global decline… and global uncertainty…. There is a global decline in M&A due to the European crisis and American uncertainty….While security-oriented events have had a limited impact on Israel’s economy, the significant impact has been caused by global financial events…. Israel benefits form a sustained flow of investments and acquisitions…. Israel’s high tech and healthcare are unique, and its recent energy explorations and expansion of infrastructures are common…. Israel’s Treasury and Central Bank have displayed fiscal responsibility (Globes, November 23).”

6. Precedents to the limited, short-term impact of military clashes upon Israel’s economy. The Tel Aviv Stock Exchange registered a 3% decline upon the launching of the 1982 war on the PLO in Lebanon, but surged 5% (net) two months later. The August 1990 Iraq’s invasion of Kuwait caused a 14% drop on TASE with a 16% (net) increase two months later. During the September 1996 Palestinian riots (following the inauguration of the Western Wall Tunnels), TASE declined 6%, but rebounded 5% (net) two months later. September 11, 2001 depressed TASE by 11%, followed by a 23% expansion two months later. During the 2006 war on Hizballah in Lebanon, TASE suffered an 8% decline, but two months later demonstrated a 16% (net) increase. The December, 2008 Operation Cast Lead against Hamas in Gaza triggered a 10% fall on TASE, which turned around with a 25% surge two months later (Ma’ariv daily, November 18).

Visit The Ettinger Report.

About the Author: Ambassador (ret.) Yoram Ettinger is consultant to Israel’s Cabinet members and Israeli legislators, and lecturer in the U.S., Canada and Israel on Israel’s unique contributions to American interests, the foundations of U.S.-Israel relations, the Iranian threat, and Jewish-Arab issues.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Gaza Clash Had Limited Impact on Israel’s Economy”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Hezbollah, designated by the US as a terrorist group, and a US Army tank.
Hezbollah Army Video Shows Off US Army Equipment [video]
Latest Blogs Stories
Ultra Orthodox Jewish youths studying religious texts at a Yeshiva in Jerusalem

In the Hareidi world, Torah study is worshipped to the exclusion of all else. Nothing else matters

IDF vehicles attacked by Hezbollah with anti-tank missiles at northern border.

Chances are, like in the South, terrorists are building a sophisticated network of tunnels in North.

Hezbollah shooting at Har Dov

9:31pm The Mt. Hermon ski resort on the Golan Heights will be open for business tomorrow morning — having receiving permission from the IDF. 8:03pm Channel 2 reports that Hezbollah terror cell was located 5 kilometers from Israel, and not within Israel as originally thought.Soldiers in 2nd vehicle were saved after they jumped out of […]

Jordana Brown: Ready, willing, and able!

I need a job, my friends. A real life, full-time, pay-the-bills, up at 7, home-after-nightfall JOB!

Ha’aretz claiming Glick is “far from a household name to non-English speaking Israelis” is erroneous

Distinguishing between manipulating and influencing people + 3 steps towards positive communication

Despite “excuses” about not wanting to influence Israel’s election Netanyahu’s views should be heard

Israeli leaders deny reality: Nothing we can do will make the Arabs accept a viable Jewish state

How do we make sure the Holocaust is relevant to new generations?

In 2006, Amona kids saw their teachers and rabbis being thrown from windows as if they were garbage

No money should go to terrorists or their families; anyone involved in terror must pay the price

Responsible Jewish outreach encourages BTs to retain and to enhance their relationship with parents

Israelis will vote for Likud because of Caroline Glick, but she’ll just be Right window dressing.

What are the dynamics of running a family business and what are its impact on family relationships?

The Hareidi paper HaMevaser wanted to have their cake and eat it too: use the photo; lose the women

Producer Chuck Wang explains how you can learn from mistakes and move on towards success.

More Articles from Yoram Ettinger
Middle-East-map

Despite Western ‘Conventional Wisdom&PC,’ the Arab/Israeli conflict was never about the Palestinians

Daniel Interpreting the Writing on the Wall

The West’s policy-making ambiguity and denial could trigger national and international calamities.

Despite claims that Israel is “isolated,” 2014 was a record year for foreign investment in Hi-Tech

{Originally posted on The Ettinger Report} “The demographic issue has become a source of profound controversy in Israel. Many see the demographic processes as a threat to the future of Israel as a state that is both Jewish and democratic, thereby necessitating rapid disengagement from the Palestinians, whether by means of a negotiated settlement or […]

“The enemy of my enemy is my ally” worldview has been applied by those who misread the Middle East

The Constitution upgraded the role of Congress to the primary branch of the US government

Amb. Cooper highlighted the impact of the Chanukah/Maccabee spirit on America’s Founding Fathers

Chanukah is the holiday of liberty, combining The Book (faith and dedication to God) and the sword

Printed from: http://www.jewishpress.com/blogs/the-ettinger-report/israel-hamas-clash-a-limited-impact-on-israels-economy/2012/12/03/

Scan this QR code to visit this page online: