MAGAZINE ABOUT LIFE IN ISRAEL

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Economy - page 2

How Mega Mergers Affected the Tel Aviv Stock Exchange

in Economy & Innovation

PepsiCo digested the Israeli powerhouse company of Soda Stream days ago for a whopping $3.2 billion dollars. This means that the company which once helped boost the Tel Aviv Stock Exchange (TASE) will leave the dual market and be placed with PepsiCo at the New York Stock Exchange. A recent announcement from CEO Itai Ben…

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Birth is Booming Across Israeli Hospitals

in Health & Science

Hospitals across Israel have reached capacity, with maternal wards bursting with babies in record breaking numbers during July of 2018. Babies commonly boom during summer months; however, this year has seen an all-time high with a 10% increase rate for hospitals Ichilov in Tel Aviv, Haemek in Afula, Soroka in Beer Sheba, Shaare Zedek Center…

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New Israel Tourism Projects on the Rise

in Tourism & Nature

Global tourists contribute over 20 billion New Israeli Shekels to the Israeli tourism industry, and visitors have increased about 25% from 2016 to 2017 alone. Last year brought in 3.6 million tourists, and 2018 is predicted to expect the same if not more. With such an influx of people must come a more supportive infrastructure.…

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More Startups in Israel are Shutting Down

in Economy & Innovation

Since 2011, over 4,000 startups were founded in Israel. About 37% of those startups have closed operations today. Seen in a Start Up Central report, the numbers trending since 2014 are increasing for closing startups, and decreasing for founding startups. In 2014, only 221 startups shut down and in 2017, the number was 408. In…

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Israeli Banks Meet American Law

in Economy & Innovation

Foreigners in Israel are finding banking more troublesome than usual, and it’s not because of the language barrier, careless service or impatient customers. While banking in Israel has had fairly lax standards in regard to where foreign finances have come from, the American banking system, accompanied by the Department of Justice, is now stepping in…

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