The Standard & Poors (S&P) credit rating agency upgraded its credit rating for Israel from A+ to AA- (stable outlook), ushering Israel into an exclusive group of 15 nations that hold the prestigious AA ratings (AA+, AA and AA-). The upgrade was announced on Friday, August 3rd after S&P changed …
A Compelling Case for Israel
When considering the most innovative and business-oriented nations, Israel is not the most likely candidate that comes to mind. In fact, many would even struggle to identify it on a map. Moreover, to put things into the right perspective, Israel’s territory and population are approximately the size of the State …
Israel’s Educational Tradition Drives Growth
Ever since ancient times, Israeli culture has valued education as a primary pillar in the establishment of the nation. The Babylonian Talmud, compiled in the 4th century CE states, “The very world rests on the breath of a child in the schoolhouse” (Shabbat Tractate, 119b), exemplifying the importance of study …
Israel’s Credit Ratings Upgraded to A+
Fitch Ratings, one of the “Big Three” international credit rating agencies alongside Moody’s and Standard & Poor’s, has upgraded Israel’s long-term foreign currency sovereign credit ratings by one notch to A+ from A, with a stable outlook. Fitch’s announcement was released on Friday, November 11th and now has Israel ranked …
Building a Nation: Israel’s Booming Real Estate Market
When author Mark Twain visited the Land of Israel (then still called Palestine) in 1867, he penned impressions of what he witnessed in his book “Innocents Abroad”: “A desolation is here that not even imagination can grace with the pomp of life and action. We reached Tabor safely. We never …
Israeli stock market – outperform Wall Street
Macro-economic Analysis: Indicators suggest the Israeli stock market is set to outperform Wall Street in the coming years By Wise Money Israel Analyst In the past 5 years, the U.S. stock index S&P 500 increased approximately 105%. The Dow Jones Industrial Index returned about 86%. However, during that time period, …
Apple Buys First Israeli Tech Company
Apple Inc., the largest company in the world and maker of the iPhone, iPad and iPod, has confirmed its acquisition of Israeli flash memory company Anobit Technologies, located in Herzilya Pituach. Though it declined to reveal the cost of the deal, a Hebrew-language newspaper pegged the price around $400 million. The …