Exporters are doing nicely
Israel’s top 100 exporters increased their exports by 3.7% in Q2 2011 compared with Q1 2011. All four manufacturing sectors grew, with low-technology exports doing surprisingly well.
Israel’s Fischer is ‘A’ grade
Global Finance awarded Bank of Israel chief Prof Stanley Fischer the top grade in its annual report. Bank of England’s Mervyn King got a ‘B’ and the US Fed’s Ben Bernanke got a ‘C’.
Lower inflation forecast
The expected rate of inflation for the next 12 months is down to 2.5%
A better exchange
Information between Israeli and US banks can flow much more freely now that a new Statement of Co-operation has been signed.
‘Israel is about to have its moment’
That’s what Saul Klein, one of Europe’s top venture capitalists, believes. He has moved his family to Tel Aviv to take advantage of the opportunities.
Thumbs up from Morgan Stanley
The giant US financial company stated that the Israeli economy "remains one of the most robust and well managed among both the developed and the emerging market economies."
Two more factories for India
Israel Chemicals’ factory in India manufactures specialised fertilisers. It has been so successful that the company is to build two more.
Israeli water company buys UK coffee maker
Eden Water wants to expand its UK distribution of water coolers to include coffee brewing machines. Hence its acquisition of the Shakespeare Coffee company.
$10 million to expand into China
Investment fund Infinity Israel-China has joined forces with the Chinese government to encourage 10 high-tech Israeli companies to do business in Harbin – China’s 10th largest city.
Out flows Israeli oil
In just six weeks from 1st July, Givot Olam Oil produced 35,000 barrels of oil from the Meged 5 well. There are at least another 2.6 million barrels to tap and probably another 7.9 million.