Business and Economy
The IMF World Economic Outlook report estimates that Iran’s economy will shrink by 1.5 percent this year, with the trajectory continuing and going upward in 2019, contracting by 3.5 percent.
It appears that for the first time in years, Israel might surpass its target deficit; the Finance Ministry has three months to address the situation.
The Trump administration’s decision to bar Iranian crude exports has led to a 29 percent decrease in oil shipments in the past few months, contributing to an increase in natural gas prices above $80 per barrel.
It was an active month for business acquisitions during a time when Israel normally slows to a crawl.
The tour, led by a guide, takes visitors through the Tower of David Museum and then winds its way down from the ancient fortress through the Old City using virtual-reality viewpoints at the Western Wall, Robinson’s Arch, the Jewish Quarter and the Cardo to show Jerusalem today and as it was during the Herodian time period.
The seltzer-machine sales company was founded in 1991, creating machines and accessories for home seltzer-making, including dozens of mix-in flavors. Approximately 500,000 devices are produced by its 3,500 employees monthly and sold in 46 countries worldwide.
The product, modeled after U.S. President Donald Trump’s “Make America Great Again” campaign slogan, outraged many consumers.
Germany’s central bank decides to prevent Iran from withdrawing 300 million euros ($350 million) after Western governments warn that Iran would use the funds for terrorism.
The upgrade is considered a very significant achievement for Israel’s economy, which S&P estimates will grow by 3.3 percent by 2021.
Global-ratings agency lauds improved economic and diplomatic ties with moderate Arab states, Israel’s solid fiscal performance and economic resilience • Finance minister: Economy presents the best macro data since the country’s inception.
Joseph Tsai, Taiwanese-Canadian billionaire co-founder of the Alibaba company, is in Israel for the first time on a 10-day visit.
The goal of the new services is to put Jerusalem on par with other major cities around the world, such as London, Paris and New York.
