In Israel, a new five month scholarship program being offered to young aspiring athletes – one of them could be you.
The barrages of homemade Grad rockets and Iranian produced Fajr-5s that were fired by Tehran’s proxy Hamas and Islamic Jihad militias at Israeli population centers in southern and central Israel during the recent fighting were reportedly not only meant to kill and maim civilians but also to wreck Israel’s economy. The militias’ goal was to exact revenge on Israel, the U.S. and the EU for the stifling sanctions imposed on the Iranian regime.
Prior to the relentless rocket attacks on Sderot, Beersheba, Ashkelon and Ashdod, among other towns and cities, Israel’s Ministry of Finance said that despite a significant slowdown in various exports due to the EU’s ongoing recession, the Israeli economy was growing at a higher rate than the economies of the U.S., UK and EU. In addition, Israel’s foreign tourism industry was in the midst of its best year ever, with close to three million tourists having booked trips through the first quarter of 2013.
Several days after Fajr-5s were fired at Tel Aviv and Jerusalem, an Israeli Hotel Association executive told an Israeli business news site, “[It is] time to write off the winter season.” Sources say that a significant number of Christian groups canceled their pilgrimage missions planned for the forthcoming holiday season, while bookings from foreign individual tourists for the December-January winter vacation respite were down by nearly 25 percent. During a meeting of tourism industry leaders last Thursday, Israel Ministry of Tourism (IMOT) representatives said that, “The damage could be minimized, and it was estimated that the potential for rehabilitation is large in relation to other crises the industry has dealt with.”
The IMOT representatives stressed the urgency to implement rehabilitative actions because the tourism industry, unlike other industries, is highly unlikely to retrieve much of its lost revenue. They also said that a return to normalcy after the fighting is a crucial incentive for future tourists to visit Israel, thus enhancing the tourism industry’s ability to increase its profit margin. According to the IMOT, The Federation of Israeli Tourist Organizations has pledged to contact organizations that have canceled trips in an attempt to have them rescind their cancellations.
Tel Aviv, the headquarters of many of Israel’s major business entities (including the country’s stock exchange and a number of hi-tech and real-estate companies), was also battered during the past two weeks. Israel’s leading business dailies, Globes and Calcalist, reported that many foreign investors had stopped investing in the Israeli economy. This was especially so in the real-estate sector, as many foreign Jewish investors from Russia, France and the U.S. had been purchasing properties in a number of affluent Tel Aviv residential and commercial projects. The startling pictures of a severely damaged apartment building in West Rishon LeZion, less than five miles from Tel Aviv, in the aftermath of a Fajr-5 strike sent shudders throughout the Israeli real-estate marketplace. The damage to the relatively new building was estimated at nearly $1.5 million.
According to Israel’s Tax Authority, the overall indirect damage (loss of work and production) to the Israeli economy as a result of Operation Pillar of Defense is estimated at $100 million. But senior economists told Globes that when all of the damages are factored in, including damages to homes, infrastructure and tourism, the loss to the Israeli economy could approach $500 million.
About the Author:
You must log in to post a comment.
How far the PA will go to present the lie as the truth and the truth as a lie? Its claim that Jesus was a Palestinian is old hat. But now the “resurrection” also refers to “the Palestinian state.”
Israel should file criminal charges against France 2 following a government report Sunday that the television channel broadcast a film in 200 that falsely portrayed the alleged killing of 12-year-old Mohammed Al-Dura by Israeli soldiers. Charles Enderlin was bureau chief of France 2 when the Second Intifada, also known as the Oslo War, broke out. [...]
Vandals spray painted the Jerusalem home of a long-time board member of the Women of the Wall (WOW) with vicious graffiti, the first time opponents to WOW have resorted to vengeance. Some of the graffiti sprayed on the door and stairwell of Peggy Cidor’s apartment read in Hebrew: “Women of the Wall are wicked,” “Peggy, [...]
What initially appeared to be a bank robbery gone wrong, turned out to be a revenge attack on the bank staff.
A group of consumers headed by a Haredi woman is looking to sue Tnuva for consumer anguish.
As of 11:15 AM Israel time, the Nazi flag is still up there.
Reishit HaGez is the giving to the Kohen the first cuttings of the fleece of sheep grown in the Land of Israel (based on Deut. 18:4: “You are to give them the first fruits of your grain, new wine and olive oil, and the first wool from the shearing of your sheep.”). Most Jews cannot [...]
An anonymous letter sent to the Claims Conference’s Frankfurt office in 2001 identified five cases where restitution was approved for ineligible claimants.
The Hamas and Hezbollah fingerprints are on the yeshiva student’s murder as they are on the multi-million dollar smuggling operation.
Yair Lapid, Israel’s Finance Minister and head of Israel’s second largest political party, has unraveled U.S. Secretary of State John Kerry’s efforts to reincarnate the “peace process” before Kerry even packed his bags for another trip to Israel at the end of the week. He told the Yediot Acharonot newspaper Sunday what everyone except Kerry [...]
Residents of the Haredi Mea Shearim neighborhood in Jerusalem hurled dozens of rocks at Haredi soldiers Sunday, according to Jerusalem police. No one was reported injured. Firemen were called to the scene to put out fires that the attackers set in large garbage containers. When the police arrived, the stone attackers fled.
A Hungarian martial arts fighter was disinvited from an event in Prague because of his Nazi tattoos, including one reading “death to the Jews.” Some of the sponsors of the Heroes Gate martial arts tournament told organizers that Attila Petrovszki from Hungary could not attend the May 17 event because he had a tattoo of [...]
The government can expect to rake in billions of dollars from natural gas exports in the next 20 years, claimed Yitzchak Tshuva, controlling shareholder of Delek, which is a major partner in the Nobel Energy consortium that has begun pumping gas from its off-shore oil discovery. Opposing views are trying to prohibit exports, arguing that [...]
CIA director John Brennan made an unannounced visit to Israel to discuss the situation in Syria with Israeli Defense Minister Moshe Ya’alon on Friday. They reportedly compared intelligence assessments on Syria and its two-year civil war and talked about Israel’s intent to continue striking shipments of advanced weapons destined for Hezbollah from Iran via Syria. [...]
It took a world war to expose the Nazi lie. Now, 12 years after the media lie that the IDF killed an innocent 12-year-old Gaza boy, it appears he never died. “The Truth will out” wrote Shakespeare.”
It’s cheap and it works.
JERUSALEM – Rabbi Shlomo Amar, Israel’s current Sephardi chief rabbi whose 10-year term is set to expire in the coming months, and Ramat Gan Chief Rabbi Yaakov Ariel, a leading Ashkenazi rabbi, announced their intention to force a legal change in the chief rabbinate selection process.
JERUSALEM – Despite heightened tensions with Lebanon and Syria, including Israel Air Force sorties over Damascus, a group of stars from two ABC-TV hit shows, “Scandal” and “Once Upon A Time,” participated last week in numerous indoor and outdoor activities in northern Israel, including the Golan Heights. The stars said that the American public is served a steady diet of warped images of Israel.
JERUSALEM – With strong evidence that Syrian forces loyal to President Bashar al-Assad have used chemical weapons against civilians, Israeli and Western military commanders are contemplating a series of air strikes and commando operations against a select group of targets inside Syria.
JERUSALEM – During his first visit to Israel as President Obama’s new secretary of defense, Chuck Hagel said Tuesday it was vital for the U.S. and Israel to maintain a strong alliance, particularly in the wake of growing security challenges.
JERUSALEM – Even as millions of Israelis celebrated the country’s 65th birthday with prayers, lavish barbecues and star-studded entertainment in city squares, many citizens expressed worry about troubling domestic and foreign developments.
JERUSALEM – After attending a somber ceremony at Yad Vashem on Monday, Secretary of State John Kerry began shuttling between Ramallah and Jerusalem in an effort to jumpstart the long stagnant Israeli-Palestinian peace process.
JERUSALEM – Reports are circulating that in the days leading up to Yom HaShoah – to be commemorated this year in Israel next Monday – a group of global cyber-terrorists, many of its members based in Arab countries across North Africa and the Persian Gulf, are readying for major cyber attacks against a large number of important Israeli websites. Being targeted are banks, credit card companies, telecom outlets and government ministries.
JERUSALEM – Amid the pomp and circumstance during President Obama’s three-day visit to Israel, Obama, Israeli Prime Minister Benjamin Netanyahu and Secretary of State John Kerry quietly worked on several diplomatic initiatives that could spur far-reaching changes in the Middle East.
Printed from: http://www.jewishpress.com/news/israel/missiles-targeted-israels-economy/2012/11/28/
Scan this QR code to visit this page online: