Chief Economist Shira Greenberg says agreements on financial cooperation have potential to increase trade with Morocco by around $500 million a year. Finance Minister Israel Katz hails important "step toward turning Israel from an island economy into a leading regional economic center, with economic and trade ties throughout the Middle East."
Bank of Israel predicts that third lockdown will be less expensive than previous two, but that lockdowns will have long-term effects.
Some 19 Israeli tech firms held initial public offerings this year, led by Lemonade, JFrog and Nano-X in the United States and Ecoppia Scientific and Aquarius Engines in Tel Aviv.
Survey finds some 10% of landlords have lost income due to a tenant not paying rent or refusing to vacate a property. Around 30% of landlords in Israel owe money on the mortgages they took out to purchase the rental property. Around 10% of rental properties remain vacant.
New York-Israel Business Alliance President Aaron Kaplowitz: New York's restaurant industry stands at the forefront of a high-stakes public policy decision that pits economic livelihood against physical health.
"The trade agreements are a message to the world that not only are we business partners, but we are also friends, two nations who want to live in peace," says Emirati businessman Dr. Faisal Ali Mousa.
A study by Fiverr shows that not only are people more satisfied working from home, but it is also opening up opportunities for them to add new revenue streams to their income.
US Secretary of Energy Dan Brouillette also attends meeting, during which the ministers form a new platform for dialogue in the field. Minister Steinitz: Joint ventures will help the region thrive.
If passed, the legislative proposal is expected to revolutionize the import of goods and turn Israel into a "modern, progressive economy and a significant player of the global economy."
Dubai state-owned DP World, one of the world’s largest port operators, is partnering with an Israeli group to bid for one of Israel’s main ports. Initial UAE-Israel bilateral trade could be worth $5 billion, says Sultan Ahmed bin Sulayem.