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Globes: Teva Q4 results provide badly needed boost

Published on Feb 14 2017 // Business and Financial News, Economy, Market
13 Feb, 2017 17:18 – The Israeli pharmaceuticals company saw its share price jump after its financial results beat the analysts and it reaffirmed its 2017 guidance. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) was given a badly needed boost this afternoon by its fourth quarter...

Business Recorder: FITCH RAISES ISRAEL’S CREDIT RATING TO ‘A+’, ‘OUTLOOK STABLE’

Published on Nov 14 2016 // Business and Financial News, Economy
November 11, 2016 – JERUSALEM: Fitch Ratings said on Friday it had raised its sovereign credit rating for Israel to “A+” from “A”, citing an improved fiscal picture. Fitch said its outlook for Israel was “stable”. The move brings Fitch into line with Standard...

Bloomberg: Bank of Israel Holds Interest Rate Amid Economic Improvement

Published on Sep 26 2016 // Business and Financial News, Economy, Market
September 26, 2016, 9:06 AM EDT – The Bank of Israel held its interest rate at a record low as the economy picked up steam, and raised its economic growth forecasts for this year and next. The central bank’s monetary policy committee left its benchmark interest rate at 0.1 percent for a 20th...

Globes: Israel’s unemployment rate reaches new low

Published on Sep 22 2016 // Business and Financial News, Economy
September 22, 2016, 14:36 – Israel’s unemployment rate fell from 4.7% in July to 4.6% in August, the Central Bureau of Statistics reports. The unemployment rate fell again in August, dipping 0.1% to 4.6%, the Central Bureau of Statistics reported today. There were 3,932,000 people age 15...

Globes: Unemployment in Israel falls to new low

Published on Aug 23 2016 // Business and Financial News, Economy
August 22, 2016. 13:53 – The July unemployment rate was 4.7%, but more people are in part-time work. Israel’s unemployment rate fell to a new low of 4.7% in July, according to figures released today by the Central Bureau of Statistics. The figures indicate further improvement in the rate...

Israeli regulator: Binary options fraud disgusting, ruinous to our reputation

Published on Aug 15 2016 // Business and Financial News, Economy
August 14, 2016, 9:33 am  – Shmuel Hauser, chair of the Israel Securities Authority, says Israel-based industry fleecing victims worldwide is a problem of national significance; vows to gather all arms of law enforcement to tackle it. The Israeli financial agency responsible for protecting investors...

Globes: Top geologist: Israel has major deposits of precious stones

Published on Aug 01 2016 // Business and Financial News, Economy
01/08/2016, 15:39 – Prof. William Griffin, a renowned expert on the earth’s crust, says Israel has enough precious stones and diamonds to warrant commercial mining. Israel is already known to have an extensive diamond trading market, but could diamonds and precious stones also be extracted...

Canada Free Press: Israel’s economy – an island of stability

Published on Jul 29 2016 // Business and Financial News, Economy, Market, Opinion
July 28, 2016 – According to a study conducted by the University of Lausanne, Israel is one of the top five world high-tech powers, as indicated by a 2015 $1bn investment, in Israel, by Apple, creating a hardware development center. The USA, China, Russia and India are, actively, soliciting high-tech...

The Jerusalem Post: Israel emerges as a player on the world stage

Published on Jul 25 2016 // Business and Financial News, Economy, Opinion
07/24/2016, 20:04 – With over 250 foreign companies creating research facilities in Israel, its strong high-tech capability has been rated by the University of Lausanne as one of the top five world powers in this key area. The emergence of Israel as a small but significant player on the world...

Bloomberg: Old Mideast Foes Unite Over Gas Deals and Fighting Militants

Published on Jul 11 2016 // Business and Financial News, Economy
July 10, 2016 — 7:01 PM EDT – When Egyptian President Abdel-Fattah El-Sisi turned a standard speech on electricity supplies into an unexpected appeal for peace between Israel and the Palestinians, one man who wasn’t surprised was Israeli Prime Minister Benjamin Netanyahu. The televised address...