Foreign Investors Help Israeli Economy ‘soar’ Despite Multiple Wars, Growing Isolation
Foreign Investors Help Israeli Economy ‘soar’ Despite Multiple Wars, Growing Isolation
The UN rapporteur for Palestine revealed last month that international corporations were helping sustain Israel’s economy, landing her on a US sanctions list
Israel’s financial markets have been soaring despite almost two years of war on several fronts, data released on 5 August revealed.
The Tel Aviv Stock Exchange’s benchmark index jumped 21.3 percent in the first half of this year, marking an outperformance of nearly all other international markets. This has been driven mainly by investors outside of Israel.
Stocks belonging to insurance and financial services firms, particularly, have done significantly well, rising by 68 percent.
Israel’s shekel also remains among the leading global currencies.
According to the Startup Nation Central NGO, January through June marked the strongest six months for Israeli tech funding.
🔗SOURCE ➡️ The Cradle
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