Speaking to reporters in Tel Aviv, PM says all eligible Israelis, 16 years of age and up, were expected to have been inoculated by the end of March, allowing a full reopening of the economy by April.
The high rate stems from the country’s large number of employees in the education and technical industries, both of which provide ample opportunity for remote work.
Slump is one of the lowest on average for OECD countries, which stands at around 5.5%.
"The Abrahams Accords and Israel’s connection to Dubai enable it to become a regional and global player and open new trade routes, possibilities, and business exchange," head of Federation of Israeli Chambers of Commerce says.
Israel sees 13% decrease in employment positions over past year, with hospitality and food services sector hardest hit by COVID guidelines. With many low-income earners unemployed, average Israeli salary now 11,525 shekels a month.
Israel's Biogal-Galed Laboratories partners with Eurovets to bring its veterinary diagnostic solutions to the Gulf states.
Bank of Israel finds that despite the coronavirus pandemic, the Israeli financial system remains stable due to regulatory moves such as loan repayment deferrals.
Exports to Israel were almost twice as high in terms of volume as the imports, standing at roughly 60% and 30% of the total, respectively.
Central bank steps up its seemingly never-ending battle against huge foreign inflows and a host of other factors boosting a shekel that is increasingly hurting exporters at a time when the economy is already struggling from the coronavirus pandemic.
Accountant General's Office notes the figure is no worse than expected given the coronavirus-triggered recession. Israel's debt position is reasonable by international comparison, it said.