Israel News 20/03/2010

The future holds more opportunities for Haredim and Arabs, Finance Minister Yuval Steinitz hopes. He opened the Jerusalem Conference, saying the two groups must be brought more successfully into the Israeli workforce. Jobs would be created for those groups by forcing foreign workers to leave Israel. Steinitz argued that Israel must find its place in economic strategy that closes the gaps between rich and poor.

Israeli economy has been surprising, it has increased by 0.5% at year's ending. According to the Central Bureau of Statistics prediction figures, the economy was supposed to decline by about 1 to 1.5%. However, based on the population growth per capita, there is a decline of 1.3% 03/01/10

A group of Religious Zionist rabbis suggested that Rabbi Abraham Isaac Kook, the forefather of Religious Zionism, be included among the figures to be commemorated on Israel's new banknotes. "This idea comes to make historical justice with the man who was one of the most important figures in the history of Zionism and the Jewish settlement in the Land of Israel," the rabbis explained. Rav Kook was someone who advocated more than anyone else for Jewish outreach and for integrating the idea of a Jewish state into the system of religion, Torah, and faith."

In the past week, the cabinet approved a pension fund bailout plan, the Adva center's annual report showed that Israel's economy failed to grow substantially in the last decade and interest rates on mortgages continued to climb. We asked Elah Alkalay, Vice President of Business Development at the Israel Brokerage and Investments company to discuss the impact the past week's events will have on Israeli citizens.12/17/08

The cabinet approved a limited pension safety plan on Sunday , paving the way for the long-awaited implementation of the Finance Ministry's economic stimulus package. The vote passed with 20 ministers voting in favor, and one minister, Finance Minister Ronnie Bar-On, voting against. Once functional, the plan is set to provide protection over pensions retroactively to November 30.12/14/08

As the Israeli economy weathers the global financial storm, Infolive.tv is constantly monitoring Israel’s current economic situation in order to bring you the latest financial news. Infolive.tv recently sat down with the Vice President of Business Development at the Israel Brokerage and Investments Company to discuss the current state of Israel’s economy and the impact of the global financial crisis on Israel’s upcoming general elections. 12/07/08

As the Israeli cabinet discusses a financial stimulus bailout program that will inject millions of shekels into the economy, Elah Alkalay, Vice President of Business Development at the Israel Brokerage and Investments company took time out from her busy schedule to discuss with Infolive.tv the impact of the global financial crisis in Israel. 11/30/08

Elah Alkalay, Vice President of Business Development at the Israel Brokerage and Investments company took time out from her busy schedule to discuss the impact of the global financial crisis on Israel. While repercussions of the global crisis have already made their mark on the country, Alkalay maintains a fairly positive outlook. On Sunday, Infolive.tv will present a full report.11/27/08

Israel’s treasury announced on Tuesday that it will inject 11 billion shekels into Israel's economy as part of a comprehensive bailout plan to counter the rapidly spreading global economic crisis. The Finance Ministry said that the goal of the plan is to repair flaws in the economy and extend credit reserves in the wake of the meltdown. 11/25/08

Israel’s socio-economic cabinet convened on Wednesday to discuss the Finance Ministry proposed economic stimulus package, designed to help the Israeli economy weather the looming global financial crisis. The proposal has already been endorsed by the Prime Minister and awaiting approval by the socio-economic cabinet, after which it will be presented to the Knesset Finance Committee before being unveiled to the public. 11/19/08

Likud Chairman Benjamin Netanyahu reiterated his stance on Sunday that improving the Palestinians' financial situation would help advance peace. Speaking at a meeting in Jerusalem, the opposition leader said that with the help of Egypt and Jordan, Israel should help build peace by improving the lives of Israel’s Palestinian neighbors. Netanyahu noted that poverty was a major cause in the rise of radical Islam, therefore by improving the Palestinian economy Israel could hurt radical Islam and contribute to peace in the region. 11/17/08

Israeli leaders attempted to quell concerns over the unstable stock market on Sunday declaring that the Israeli market will be able to overcome the possible impact of the global financial crisis. Traders in Tel Aviv opted for cautious optimism but warned that if the markets fall below 12% the Tel Aviv markets could be closed for the rest of the day.10/12/08

With the start of the global economic crisis, Minister of Finance Roni Bar On tells Infolive.tv in an exclusive interview that he believes Israel will not be affected by the financial crisis in America and that Israel is monitoring the situation closely. Infolive.tv' spoke with Bar On as Kadima party members waited for the final results of the Kadima primaries election. 09/21/08

US President George W. Bush signed the $700 billion bailout bill on Friday shortly after it was approved by the Congress, paving the way for what many hope will be the first step of a recovery plan that will prevent the US stock market from plummeting further. Bush appeared outside the White House shortly after the House of Representatives passed the bill 263 to 171. 10/04/08

After a two day break for to the Rosh Hashanah Holidays, The Tel Aviv Stock Exchange opened to sharp losses on Thursday morning, after world markets significantly dropped in response to the initial rejection of the US bailout plan by the House of Representatives. 10/02/08