web analytics
March 1, 2015 / 10 Adar , 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.

Current Top Story
Netanyahu carried his message to Americans through the media after meeting with President Obama and castigating Iran at the UN. (September 30, 2013)
Short Term Defiance, Long Term Gain
Latest Blogs Stories
Doug Goldstein

What are the ramifications of giving up your US citizenship? Would it effect your visiting the US?

brit mila at French jewish community

Chasidim believe that Metzitza B’Peh (MbP) is an essential part of the circumcision ritual.

Herzog & Livni

AMERICAN INTERFERENCE in ISRAELI ELECTIONS is IMMORAL and 1000% CHUTZPADIK!

Baruch Marzel (left) and Hanin Zoabi

Extremism from Jews is considered a “danger;” Arab extremism and anti-Jewish terror is “legitimate”

It was in fact Israel, not Palestinians or journalists, who began spreading the older photos, in order to generate credibility for the “slander” angle.

Next week we celebrate Purim, more relevant and illuminating in light of current events than ever

“They all attack each other” is how David described campaign tactics. “Welcome to politics, my son,”

Most Israelis think kowtowing to US demands to get on Obama’s “good side” won’t work and isn’t right

Big questions this week: Does materialism make people happy? Can one be happy with what they have?

A Rosh Yeshiva guessed 60% of bochurim in Israel’s yeshiva system belong there only 3-4 yrs post HS

Wednesday evening 25th of February there’s just the event for Anglos to attend, The Anglo Vote!

3 men pin the terrorist. In the white shirt is Jerusalem’s Mayor Barkat, taking a hands-on approach

The necessity for setting financial goals and how to realize your life’s dreams.

Not long ago Israelis waited nightly during campaigns for TV broadcasts of election campaign movies

I heard men singing…I saw men dancing. Can you imagine? It’s literally FREEZING out there! WOW!

Lapid is not anti-Haredi; He’s pro-Haredi in his way, wanting them to flourish. and join society

More Articles from Yoram Ettinger
Netanyahu carried his message to Americans through the media after meeting with President Obama and castigating Iran at the UN. (September 30, 2013)

Netanyahu addresses a clear, present & lethal threat to the US/Israel/WORLD; NOT political bickering

Symbol of the New Israeli Shekel

Israel is #2 most innovative country in the world attracting numerous global companies and investors

In recent years, the US-Israel relation has been transformed into a mutually-beneficial 2 way-street

A nuclear Iran compounds the clear&present lethal threat Iran poses to critical US&Western interests

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

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 […]

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: