Aug 9, 2006

(Globes Online) The Bank of Israel has confirmed that it will mint a NIS 2 coin, as first reported by “Globes”. The process took shape in recent months, following the establishment of the Bank of Israel advisory committee. Minister of Finance Abraham Hirchson must give final approval for the minting of the new coin. The procedures will be completed...

With the Lebanon war raging, the Finance Minister of Israel has decided that the nation should not raise taxes in order to benefit not only those who are out of work (do to the rocket attacks against the cities) but also to keep the Israeli economy stable. But before you yell out praise, the deal gets even sweeter. (Globes Online) Minister of Finance Abraham...

An Israeli start up company called Prime Sense has raised $9 million in order to help fund its research in enabling computers to view the world in three dimensions. (Globes Online) Prime Sense aims to revolutionize how we relate to electronic devices. The company’s concept rests on a device that enables a computer to perceive the world in 3D in the way...

It looks like America’s attempt at rebalancing its own economy is helping their Israeli friends. (Israel National News) The shekel strengthened following the American Federal Reserve Bank decision Tuesday to keep the interest rate at 5.25 percent, a move that makes the shekel more attractive to investors. The rate in Israel is 5.5 percent. Not a major...

Despite the war raging in the north, Israel’s real estate market (in areas not directly affected by Hezbollah’s rockets) remain not only strong, but unaffected by the current conflict. (Globes Online) Apartment price list editor Levy Yitzhak claims a survey he conducted reveals that the real estate market in areas not located near the conflict region...

Sorry for the sudden drop in postings. I have been working on several other weblogs, getting them up to date and speed. I’ve installed a new email subscription service, which should make it easier for a user to stay updated if they are not into RSS feeds. Well, that is it for now. Now for some good news about Israel. Update: Fixed title head. Content...