MAGAZINE ABOUT LIFE IN ISRAEL

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Economy & Innovation - page 24

Secret land sales for super cheap

in Economy & Innovation

A secret sale is underway as the Greek Orthodox Patriarchate of Jerusalem, Theophilos III, is in the midst of selling off assets in Israel for exorbitantly low prices. The company to which they sold wishes to remain anonymous, though many believe the church land is going to private developers. After the Israel Lands Authority, the…

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Self-Driving Cars Hit the Road

in Economy & Innovation

A new stretch of highway near Herzliya, Israel is closed, not for construction, but for innovation. Five companies have taken over Road 531 to start testing their various self-driving car technologies. The 1.5-kilometer highway has three lanes in both directions and will be closed for two months while the companies are conducting trials. The Ministry…

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Population on the 1.9% Rise

in Economy & Innovation

The Israeli population is growing rapidly. In the past year, the Central Bureau of Statistics recorded a rise in population of 156,000 people. With a secure motherhood culture, perhaps parallel to the fact that Israel has the highest fertility rate according to the OECD, over 172,000 babies were born in the past year, and 43,000…

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Are Housing Prices in Israel Going Down?

in Economy & Innovation

Real estate in Israel is a fierce market due to the highly limited space and increasingly high demand. The Central Bureau of Statistics has recently rolled out some surprising news – housing prices dropped by about 24% since the same time last year. According to the report, housing prices fell as much as 16% in…

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Diamonds are Going Digital

in Economy & Innovation

A new digital currency is hitting the market, and its being backed by the Israel Diamond Exchange, or IDE, located in Ramat Gan, Israel. The Diamond Exchange is collaborating with a new digital currency startup, Carats.IO, which has created an updated framework for trading digital coins, backed by diamonds and based on Diamond Exchange data.…

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