web analytics
November 26, 2014 / 4 Kislev, 5775
At a Glance
News & Views
Sponsored Post
IDC Herzliya Campus A Day on Campus

To mark IDC Herzliya’s 20th anniversary, we spent a day following Prof. Uriel Reichman, IDC’s founder and president, and Jonathan Davis, VP for External Relations, around its delightful campus.



Israel Gears Up for Post-War Economic Challenge

Israel will face a challenge getting the economy back on track after the war is over, but the ‘startup nation’ is nothing if not resourceful.

At the start of the month, MK Ofer Shelah – a member of the Knesset Finance Committee, told Reuters that Operation Protective Edge was “definitely going to cost more than NIS 10 billion ($2.9 billion).”

The loss of summer tourism income was projected to be more than NIS 2.2 billion, including some NIS 500 million from empty rooms at hotels. Many tourists canceled trips within the country due to missile attacks; foreign airlines canceled flights for several days due to the FAA flight ban that followed a single rocket aimed at a town near the airport.

Likewise, the Israel Manufacturers’ Association estimated drop in production at some NIS 820 million. The figure results from workers staying home due to missile attacks, due to others being called up for reservist duty, leading to a loss in production, and from damage to factories in missile attacks.

However, Michael Sarel, former chief economist at the Finance Ministry, was optimistic. He pointed out that “if it will be completely quiet” as it was after the last three operations were over, “the economy has proved it is quite resilient to these kinds of shocks and the impact will be only one quarter.”

About the Author: Hana Levi Julian is a Middle East news analyst with a degree in Mass Communication and Journalism from Southern Connecticut State University. A past columnist with The Jewish Press and senior editor at Arutz 7, Ms. Julian has written for Babble.com, Chabad.org and other media outlets, in addition to her years working in broadcast journalism.


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.

3 Responses to “Israel Gears Up for Post-War Economic Challenge”

  1. They suppy foods to Palestinians

  2. Bethe Hart says:

    They could save a lot of money if they stopped supporting Gazans and made them work on their own economy. Also if hamas paid its electric bills Israel would gain.

  3. Bethe Hart says:

    They could save a lot of money if they stopped supporting Gazans and made them work on their own economy. Also if hamas paid its electric bills Israel would gain.

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
F-16 fighter jet.
ISIS ‘Prince’ of Iraq’s Anbar Province Killed
Latest News Stories

The Kinneret rose 3.5 centimeters overnight due to the heavy rainstorm that hit the country.

The father-son team recently gave a check to the family of Druze policeman Zidan Saif for his role in stopping the Har Nof Massacre.

Netanel Roi Arami

The police fought hard to not have it revealed that Netanel Arami was murdered in a Petach Tikva terror attack, but now a court has lifted the gag order…

The three were walking along the side of the highway when the accident happened.

A device, a gas canister with wires, was left near the Shavei Shomron intersection this morning, designed to look like a bomb.

The ISIS ‘prince’ of Iraq’s Anbar province was killed in a US-led coalition air strike Wednesday.

The Ferguson-related unrest continued across America Tuesday night. Some blamed Israel.

Israeli MK Yuli Edelstein tells Chabad rabbis why he “lost it” over tefillin in a Soviet labor camp.

Turkish legislator proposes Turkey pass law naming Israel a terrorist state.

ISIS reportedly executes by stoning two allegedly gay males in Syria.

World Council of Arameans Now “Looks Specifically to Turkey, Iraq, Syria, and Lebanon”

Young Israeli women arrive at the Malcha Mall in Jerusalem to donate their hair to create wigs for cancer patients at a fundraiser arranged by “Zichron Menachem”, the Israeli Association for the Support of Children with Cancer and their Families (November 24, 2014). All photos by Gershon Elinson/Flash90

In Lebanon, a pro-Hezbollah vocalist has been arrested for nationalist and sectarian incitement.

Thousands attended a Jerusalem memorial service to mark the end of seven days’ mourning for five terror victims.

The European Parliament decided Tuesday to postpone till December its decision on recognizing ‘Palestine’ as a new country.

An ISIS-linked group calls for lone wolf attackers to use the Ferguson riots in America as cover for their activities.

More Articles from Hana Levi Julian
F-16 fighter jet.

The ISIS ‘prince’ of Iraq’s Anbar province was killed in a US-led coalition air strike Wednesday.

Chabad-Lubavitch International Shluchim Conference 2014 at the South Brooklyn Marine Terminal.

Israeli MK Yuli Edelstein tells Chabad rabbis why he “lost it” over tefillin in a Soviet labor camp.

In Lebanon, a pro-Hezbollah vocalist has been arrested for nationalist and sectarian incitement.

Thousands attended a Jerusalem memorial service to mark the end of seven days’ mourning for five terror victims.

The European Parliament decided Tuesday to postpone till December its decision on recognizing ‘Palestine’ as a new country.

An ISIS-linked group calls for lone wolf attackers to use the Ferguson riots in America as cover for their activities.

What does the child of Brooklyn Syrian Jews have in common with Manhattan glitterati? Diamonds. Stones.

Israeli Defense Minister Moshe Ya’alon maintains that outgoing US Defense Sec’y Chuck Hagel is a ‘true friend.’

Printed from: http://www.jewishpress.com/news/breaking-news/israel-gears-up-for-post-war-economic-challenge/2014/08/11/

Scan this QR code to visit this page online: