Israeli Economy Keeps Growing Faster Than Rest of Developed World.

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    Business Week...

    Never mind the collapse in confidence in Europe, the Palestinian proposal for United Nations recognition and heightened tensions with neighboring Egypt and longtime ally Turkey. The Israeli economy just keeps growing faster than the rest of the developed world. The International Monetary Fund this week raised its forecast for the country and cut its estimate for the global economy on the impact of the European debt crisis. Israel's gross domestic product will expand 4.8 percent this year, according to the Washington-based lender. That's up from an April forecast of 3.8 percent and triple the pace for the average of the 34 advanced economies.

    Citigroup Inc. said on Sept. 18 it would establish a new Israeli research center and Standard & Poor's a week earlier raised the country's credit rating. It cited the discovery of two gas fields off the coast of Israel that hold an estimated 25 trillion cubic feet of the fuel. Mellanox Technologies Ltd., the 12-year-old Israeli adapter maker part-owned by Oracle Corp., says sales will grow 80 percent in the third quarter. “The Israeli economy is very vibrant,” Finance Minister Yuval Steinitz said in a Sept. 20 interview with Bloomberg Television. “We enjoy very low unemployment and nice economic growth and this is mainly because we managed to develop very advanced high tech industries and very strong exports.”

    Technology Capital: The stock market in Israel, whose population of 7.8 million is similar to Switzerland's, was upgraded to developed-market status by MSCI Inc. in May 2010, the same month the 63-year-old country was accepted into the Paris-based Organization for Economic Cooperation and Development. The country has about 60 companies traded on the Nasdaq Stock Market, the most of any nation outside North America after China and is also home to the largest number of startup companies per capita in the world.

    Israel ranks third in terms of projected growth this year among MSCI's list of 24 developed economies, after 6 percent for Hong Kong and 5.3 percent for Singapore, according to the IMF. “Israel's exports are high-added value exports like informatics and technology,” said Jean-Dominique Butikofer, a fund manager who helps oversee about $1 billion of emerging- market debt at Union Bancaire Privee in Zurich, including quasi- sovereign Israeli bonds. “They're not exporting Gucci bags. If there's a slowdown, these are the kind of assets that are good to have.”

    Talent Pool: Venture-capital backed Israeli technology companies raised $364 million in the second quarter of this year, a 77 percent jump from the $206 million raised in the year-earlier period, according to PricewaterhouseCoopers LLP Moneytree report. Seventy-six companies raised funding in the three-month period, compared with only 60 last year, the report said. “One reason that the economy continues to do well is the component of innovation and ability to adapt to a changing environment,” Citigroup Israel Managing Director Ralph Shaaya said in explaining the New York-based bank's decision to locate a research center in Israel. ‘There is a rich pool of talent in the high tech sector. The propensity for innovation is high.”

    For Mellanox, orders are persisting even as global growth falters. “In these situations people tend to look for products that do more with less,” Chief Executive Officer Eyal Waldman said in an interview on Aug. 29. “We still see the orders going in so we don't feel the macro waves coming.” Shares of Mellanox have jumped about 28 percent in Tel Aviv trading this year, compared with a 21 percent drop on the benchmark TA-25 index. In New York, shares gained about 23 percent, compared with a drop of about 4 percent in the Nasdaq composite index.

    Lowest Jobless Rate: Israel has emerged from economic turmoil before. In 2000, as peace with the Palestinians looked possible following the 1993 Oslo accords and the Israeli technology industry took off, growth was at 9.1 percent. Then, in December, the second intifada, or Palestinian uprising, broke out, just as the technology bubble burst on world stock markets. In 2001, Israel contracted by 0.1 percent and in 2002, by 0.6 percent. By 2004, growth had returned to 5.1 percent; it reached 5.7 percent in 2006. Israel's unemployment rate declined to 5.5 percent in the second quarter of this year, the lowest level since at least 1985.

    Still, next year's IMF outlook of 1.8 percent growth for the U.S. and 1.1 percent growth for the euro area, Israel's two main markets, is likely to moderate demand for the country's exports, one of the main growth engines of the $217 billion economy. The Palestinian statehood bid could give the new entity more legal clout or raise nationalism pressure should the Security Council vote to reject it.

    Standard & Poor's raised Israel's credit rating earlier this month to A+, its fifth-highest investment-grade rating, just a few weeks after cutting the U.S. and before cutting Italy. S&P cited the two gas fields, Tamar and Leviathan, off its Mediterranean coast.

    “You have a situation where the global economy is clearly running into a roadblock and having a tough time while the Israeli economy is going to bend but it isn't going to break,” said Daniel Hewitt, senior emerging-market economist at Barclays Capital in London. “We think Israel can maintain positive growth. Israel has a strong economy with a strong base.”
    http://news.businessweek.com/article.asp?documentKey=1376-LRW4M01A1I4J01-6FG6JGEN2G25SFRF54KSMDI9K7
     
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  2. JStone
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    Where is allah to bring his ummah of medieval bedouin camel drivers out of the Middle Ages and progress into the 21st century like the Jewish infidel he scorns in quran?

    Didn't allah invent email to tell them to get with the program?
     
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    Not hard when you get all that welfare from other countries.
     
  4. JStone
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    Bullshit-Seeker.

    CNBC: Israel, Business Leader And Innovator
    Israeli Industry - CNBC
     
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    Warren Buffett
    [ame=http://www.youtube.com/watch?v=zaN_2nFqFtI]Warren Buffet Supports the U.S.-Israel Relationship - YouTube[/ame]

    Bill Gates...
    How Israel Saved Intel
    Business & Technology | How Israel saved Intel | Seattle Times Newspaper

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    [ame=http://www.youtube.com/watch?v=A9dbvSsUqKI]INTEL IN ISRAEL - YouTube[/ame]
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    CNBC Israel - CNBC
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    Israel: An emerging leader in clean technologies

    U.S. military employs Israeli technology
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    Microsoft CEO: Microsoft Almost As Israeli As American
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    GM Expands R&D presence in Israel. | TheDetroitBureau.com

    Wharton School of Business...
    Massachussets Institute of Technology [MIT]...
    Wall Street Journal

     
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    Investor's Business Daily: How Free Israel Prospers As Islam Remains In The Dark


    Israel, a New Jersey-sized nation of 7.5 million people (1.7 million of whom are Arab) filed 7,082 international patents in the five years ending in 2007. By contrast, 28 majority-Muslim nations with almost 1.2 billion people — 155 times the population of Israel — were granted 2,071 patents in the same period. Narrowing the comparison to the 17 Muslim nations of the Middle East from Morocco to Iran and down the Arabian Peninsula, the 409 million people in that region generated 680 patents in five years.
    This means that the Arab and Iranian world produced about one patent per year for every 3 million people, compared with Israel's output of one annual patent for every 5,295 people, an Israeli rate some 568 times that of Israel's neighbors and sometime enemies.

    The awarding of Nobel Prizes in the quantitative areas of chemistry, economics and physics shows a similar disparity, with five Israeli winners compared with one French Algerian (a Jew who earned the prize for work done in France) and an Egyptian-American (for work done at Caltech in California).

    But wealth isn't the sole explanation for this disparity in intellectual innovation. Saudi Arabia enjoyed a per capita income of $24,200 in 2010. Yet the Kingdom averages an anemic 37 patents per year compared with Israel's 1,416 per year — and there are 3 1/2 times more Saudis than Israelis, meaning that Israel's per capita output of intellectual property is 132 times greater than Saudi Arabia's.

    The telltale signs of Israel's economic rise can be seen in the Tel Aviv skyline and the new office complexes around Jerusalem. International giant Teva Pharmaceutical Industries Ltd. was founded in 1901 by three pharmacists in Jerusalem. Today it employs 40,000 around the world. Teva has a market cap of $44.2 billion — the most highly valued company based in Israel and the ninth-largest firm traded on the Nasdaq

    A few miles from Teva's gleaming office campus west of the Old City sits the former national mint building for the British Mandate. Built in 1937, this renovated building, along with the old Ottoman Empire railway warehouses next to it, houses the JVP Media Quarter and 300 entrepreneurs.

    The complex hosts Israel's leading venture capital firm, Jerusalem Venture Partners, as well as 35 startups and a performing arts center for good measure. JVP, which has helped launch 70 companies since 1993, has more than $820 million under management with seven active venture capital funds.

    The Media Quarter concept was created in 2002 when JVP founder Erel Margalit wanted to create a media-focused incubator that combined technology, culture, art and business. JVP has shepherded 18 initial public offerings, mergers and acquisitions, including some of the largest Israel-based companies: Qlik Technologies, Netro Corp., Chromatis Networks, Precise Software, Cogent Communications.

    Less than 300 miles separate the purposeful creative buzz in the JVP Media Quarter from the restive streets of Cairo, where the Muslim Brotherhood tells Egypt's unemployed that their plight is the fault of corrupt capitalists and Jews. It doesn't take a Nobel Prize-winning economist to figure out where these two economies are going.

    How Free Israel Prospers As Islam Remains In Dark - Investors.com
     
  7. Xotov
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    Wow...good information. You remind me of Lion of Zion, a courageous poster of late msnbc...
     
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    Allah is a Zionist, you know.:clap2:
     

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