Search Results for: reserves

Record foreign currency reserves

Posted on October 13, 2013

Israel’s foreign exchange reserves stood at a record $78.417 billion at the end of January 2013 – a rise of $2.511 billion from their level at the end of December 2012. The previous all-time record of $78.078 billion was recorded … Continue reading →

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$1.2 billion to develop new gas field

Posted on August 25, 2024

Multinational Energean has announced that it will invest $1.2 billion to develop the Katlan gas field off Israel’s Mediterranean coast. It expects output to commence in 2027.  The field contains 1.10 trillion cubic feet of proven and probable gas reserves. … Continue reading →

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Reduced university tuition fees for reservists

Posted on August 25, 2024

Some 500 Tel Aviv University 1st-year students beginning their studies in the coming academic year who have served at least 30 days in the reserves since the beginning of 2024 will be entitled to a tuition discount of NIS 2,500, … Continue reading →

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Remarkable Resilience

Posted on May 12, 2024

This video describes how Israel’s Ben Gurion University responded after the devastating events of Oct 7.  BGU and its students are helping the Negev recover and rebuild. From finance to students in the reserves and evacuees, to medical gear, clinics, … Continue reading →

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Hi-tech is thriving

Posted on April 7, 2024

Despite 15% of employees in the IDF reserves, plus air travel restrictions, most Israeli startups continue to thrive. Startup Nation Central reports that 220 investments since Oct 7 raised some $3.1billion. March’s $822m exceeded Jan + Feb. Plus, 20 new … Continue reading →

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Shekel needs no support

Posted on March 11, 2024

After Oct 7, the Bank of Israel planned to sell up to $30 billion in foreign currency to support the Shekel if Israel’s currency came under pressure. Confidence in Israel is so high that no sales have been necessary for … Continue reading →

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Founding new companies during a war

Posted on March 3, 2024

Being evacuated or having a spouse in the reserves hasn’t stopped Israeli entrepreneurs from starting new companies. Gal Admati launched two (Qortein and HarvestR) from his hotel room. Dr. Hadas Ziso founded EndoCure despite her husband and a key employee … Continue reading →

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Easier admissions policy

Posted on March 3, 2024

Students who serve in the IDF reserves may be able to study for a bachelor’s degree at Tel Aviv University (excluding medicine) without a psychometric exam. Only high school matriculation grades will be considered. The policy may be extended for … Continue reading →

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What a way to run a business

Posted on February 11, 2024

Israel’s Alignment Labs lost two of its 3 key employees who were called up to the IDF reserves. One was released, but only so he could donate a kidney to someone he didn’t know. So, they used their own developed … Continue reading →

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Vote of confidence in Israel’s economy in the face of war

Posted on January 25, 2024

Very positive assessment by Ambassador Yoram Ettinger. A low debt to GDP ratio; high foreign exchange reserves; He even quotes a positive article in the New York Times. And that according to Intel’s CEO: “The Israeli people are the most … Continue reading →

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