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Business and Economy
 

Posted on: September 11th, 2013

News & ViewsBusiness and Economy

The shekel-dollar rate sank to a two-year low Wednesday, reaching to as low as under 3.56 shekels to the dollar, after President Barack Obama called off a Senate vote on giving him permission to attack Syria. One shekel now is worth slightly more than 28 cents, good news for Israelis wanting dollars but terrible for […]

Israel's home-grown food companies are slowly being taken over by international conglomerates. China may be the latest entry.
 

Posted on: September 10th, 2013

News & ViewsBusiness and Economy

Israel’s national snack food is Bamba, made by Osem, in which Nestle has a major stake. Strauss Foods is partly owned by Pepsi. Now China wants to buy Israel Tnuva. Will McDonald’s buy out falafel stands?

4
 

Posted on: September 9th, 2013

News & ViewsBusiness and Economy

Israeli start-up Outbrain, which provides a digital content management and storage solution,  sis going to Wall Street to raise $100-200 million in a public stock offering. The company’s decision to go public rather than sell out to foreign companies puts it in company with Wix, Matomy Media and Fifty One Inc., now called Borderfree, all […]

'Tamar'  gas rig off Israel's Mediterranean coast.
 

Posted on: September 9th, 2013

News & ViewsBusiness and Economy

Israel may have struck it rich twice – once with indications of oil off the southern coast and twice with the prospect of Hamas and Abbas fighting it out over probable claims to the Israeli discovery.

8
 

Posted on: September 8th, 2013

News & ViewsBusiness and Economy

Israel’s reputation as an incubator for Start-Ups has attracted non-Jewish Americans who have settled into successful careers, The Christian Science Monitor reported. The new immigrants have a downside because some of the non-Jewish entrepreneurs have married Israeli girls. Although their children are Jewish according to Jewish law, the chances of their growing up in a […]

2
 

Posted on: September 3rd, 2013

News & ViewsBusiness and Economy

El Al has signed an agreement with GetTaxi to offer passengers discounts for GetTaxi’s cab hailing service in New York, Tel Aviv and other cities where it operates, the Globes business newspaper reported. The discount from JFK to Manhattan will take $25 off the usual fare of $60-85. The discount program also is available in […]

2
Young Israeli boy dip apple in honey in tradition with the Rosh HaShanah New Year holiday
 

Posted on: September 3rd, 2013

News & ViewsBusiness and Economy

Apples area mainstay of Rosh HaShanah, when Jews dip them in honey and bless it as sign of a sweet year, which this year should be very sweet if 15,000 tons apples can do the trick.

2
chareidi yair
 

Posted on: September 3rd, 2013

News & ViewsBusiness and Economy

“You can’t fool all of the people all of the time.” Lapid soared to political stardom on his “middle class” soap box, which turned out to be full of hogwash. His wealth now is estimated at $6 million.

 

Posted on: August 29th, 2013

News & ViewsBusiness and Economy

The Israel Diamond Exchange hosted a four-day event this week, exhibiting $2 billion worth of diamonds and executing sales in the hundreds of millions of dollars. More than 40 lots of diamonds and precious stones were sold for more than $1 million, and one auction sale fetched $168,000 for a pair of pear-shaped emeralds from […]

1
 

Posted on: August 25th, 2013

News & ViewsBusiness and Economy

Turkish Prime Minister Recep Tayyip Erdogan’s anti-Israel rhetoric is interfering with Turkish-Israeli cooperation that could turn Turkey into a regional energy base to ship Israeli natural gas to Europe. “Their inability to complete a pipeline deal would hurt Turkish ambitions to become a regional transit center and mean continued dependence on Russia and Iran for […]

4
euro stacks
 

Posted on: August 20th, 2013

News & ViewsBusiness and Economy

The rule of when it rains it pours seems to be working in Germany's favor.

Israeli scientists are developing technology for genetically engineered plants to grow in super arid areas of the world
 

Posted on: August 19th, 2013

News & ViewsBusiness and Economy

Let’s see what the Boycott Israel movement will say if Israel succeeds in developing new technology to reduce famine by enabling crops to grow in droughts. Maybe it will blame Israel for lower food prices.

8
 

Posted on: August 19th, 2013

News & ViewsBusiness and Economy

One dollar bought slightly more than 3.57 shekels Monday morning as the shekel lost some of its recent strength, possibly because of the violence in Egypt, according to the Atrade foreign exchange service. The shekel also weakened against the Euro. The Israeli currency, which most analysts believe will strengthen over the long-term, was trading at […]

1
Close-up of Hundred shekels bills in Jerusalem
 

Posted on: August 15th, 2013

News & ViewsBusiness and Economy

Hang on to your shekels. The Israeli economy is stable and Moody's okays its A1 debt rating. But in US, one economist says America’s debt is understated by 75 percent and is $70 trillion.

5
The core curriculum program will introduce Haredi yeshiva students to foreign languages, literature, math, science, technology, and physical aptness, which are perceived by the Haredi leadership as an attack on Torah values.
 

Posted on: August 15th, 2013

News & ViewsBusiness and Economy

Cuts in funding, together with severe cuts in child support, will likely force the majority of Haredi yeshivas to buckle under.

6
 

Posted on: August 15th, 2013

News & ViewsBusiness and Economy

IBM has announced it is buying up the Israeli data security company Trusteer for an undisclosed sum but which market analysts estimate is in the $300-400 million range. IBM said the purchase advances its investment in cloud-delivered software and services. Trusteer provides software solutions to protect companies from financial fraud and security threats. As part […]

Mario Blejer, former head of Argentina's central bank, is favored for of Bank of Israel Governor.
 

Posted on: August 11th, 2013

News & ViewsBusiness and Economy

Advocated for the dolarization of Argentina's economy.

6
 

Posted on: August 8th, 2013

News & ViewsBusiness and Economy

An Israeli energy company has announced plans to export natural gas via pipelines through Turkey and other countries in the Middle East. The Delek Group, the parent firm for several energy and gas exploration companies, said in its new prospectus that it plans to export some of the newly discovered natural gas off the Mediterranean […]

 

Posted on: August 8th, 2013

News & ViewsBusiness and Economy

The American dollar’s worldwide weakness helped drive down the shekel-dollar rate to below 3.53 shekels to the dollar Thursday, the lowest level since September 2011. One shekel now is worth 28 cents. Analysts have pointed to the lack of certainty over who will replace Stanley Fischer as Governor of the Bank of Israel, but the […]

 

Posted on: August 2nd, 2013

News & ViewsBusiness and Economy

Professor Leo Leiderman withdrew his candidacy for governor of the Bank of Israel, just two days before his election was to be announced. Leiderman’s withdrawal comes just days after Yaakov Frankel withdrew his candidacy, after an old scandal involving a duty free in Hong Kong resurfaced. PM Netanyahu and FM Lapid stated their regret with […]

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