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Home Category Economy

Economy

Israel to reopen its economic office in Turkey as ties improve

Israel to reopen its economic office in Turkey as ties improve

by Reuters and ILH Staff

Despite tumultuous diplomatic ties, Turkey remains one of Israel's most important commerce partners. Bilateral trade was up 30% in 2021, reaching $7.7 billion.

Bayer to establish cybersecurity hub in Israel

Bayer to establish cybersecurity hub in Israel

by ILH Staff

The pharma giant plans to integrate the hub into Bayer's global cyber unit. Local center to be one of the largest internal cyber units the multinational conglomerate operates.

Maritime border talks between Israel, Lebanon continue

'State will earn around $50B in taxes by exporting gas to Europe'

by Sonia Gorodeisky

The CEO of NewMed Energy, which controls 45% of Leviathan says natural gas "is an extremely large economic anchor for Israel,” which is on its way to becoming "a major natural gas supplier to Europe."

Housing prices got even more expensive in 2021, data shows

Lawmaker seeks larger mortgage loans as home buyers priced out

by Reuters and ILH Staff

Along with rock-bottom mortgage interest rates, housing prices have more than doubled since 2010, with a 16% rise over the past year alone.

Israel, Arkansas sign economic trade agreement

Israel, Arkansas sign economic trade agreement

by JNS and ILH Staff

"It's going to make a big difference in the future of mobility and how we can improve our supply chains," Arkansas Governor Asa Hutchinson says.

Protesters raise tents over housing costs: Where will we live, in a kennel?

Protesters raise tents over housing costs: Where will we live, in a kennel?

by Yaron Doron

"We are the emissaries of this entire nation. We want the system to understand there's a serious problem here," says one protester in a newly erected encampment in Pardes Hanna.

Jerusalem, Brussels, Cairo sign MOU for export of Israeli natural gas to Europe

Jerusalem, Brussels, Cairo sign MOU for export of Israeli natural gas to Europe

by Sonia Gorodeisky

The signing of the MOU "is a tremendous moment in which little Israel becomes a significant player in the global energy market," Energy Minister Karine Elharrar says.

'High tech industry will lead economy out of corona crisis'

Tel Aviv ranks as world's 7th best tech ecosystem

by JNS and ILH Staff

The city’s startups are valued at $120 billion and raised a record-breaking $20 billion in 2021, making up 63% of the country’s total.

Tel Aviv, Jerusalem among world's 20 most expensive cities

Tel Aviv, Jerusalem among world's 20 most expensive cities

by ILH Staff

Global consultancy firm ECA names Tel Aviv as the world's sixth-most expensive city, with Jerusalem taking 15th place. Hong Kong tops the rankings for the third consecutive year, with New York, Geneva, London, and Tokyo rounding up the top five. 

Heralding 'new opportunities,' Dubai Int'l Chamber to open Tel Aviv office

Heralding 'new opportunities,' Dubai Int'l Chamber to open Tel Aviv office

by Sonia Gorodeisky

Dubai International Chamber: Tel Aviv office will help Israeli companies leverage their operations in the United Arab Emirates to expand their reach in the global market across the Arab Gulf, Africa, and Asia.

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