Business and Economy
Some 4.4 million tourists entered Israel last year, marking a 14 percent increase compared to the previous year, including 269,000 who left on the day of their arrival.
“Evangelicals represent 25%-30% of the American population and strongly support the nation of Israel, the birthplace of our own Christian heritage,” reads the letter sent by the 38 leaders.
A new law took effect on Jan. 1, changing the ways Israelis are allowed to do business.
According to the “princes” and senior government figures, the regime is facing a real challenge, and the demonstrations that have reappeared in the center of Tehran were the result of growing pressure from the United States on Iran and the reimposition of sanctions on the regime.
In a move cheered by BDS supporters, the London-based international financial giant HSBC bank has said it will divest from Israeli defense contractor Elbit.
Israel’s employment rate is at 78 percent, having risen by 7 percent among men and 13 percent among women—more than in all other OECD countries.
“The construction of the new production line significantly upgrades IAI’s technological capabilities, automation and robotics, and will enable the company to establish itself as a major player in the military and civilian aerostructures,” a statement from IAI read.
The company will develop a new production line for the next 20 years, which is anticipated to begin producing outer-wing sets in 2019 as a subcontractor for Lockheed Martin, and is expected to generate revenues of $2.5 billion in the next 10 to 15 years.
The new government grant is conditioned on Intel’s commitment to hire 250 new employees, as well as business arrangements with local vendors and retailers to the tune of NIS 2.1 billion ($555 million) a year.
In response to a public outcry, the cost of electricity will not be raised by 8 percent, but is estimated to rise instead by 3 percent.
The Tel Aviv Stock Exchange plummeted to its lowest point in seven years, influenced by American and global downturns.
