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Monday, January 08, 2007

Jews Keep Creating, Gentiles Keep Investing

Israel is once again setting records highs for foreign investments. Perhaps its time I started getting involved?

(Globes Online) Foreign investment in Israel reached an all-time high of $21.1 billion in 2006, up from $9.9 billion in 2005 and $7.2 billion in 2004, a three-fold increase, the Bank of Israel reported today.

Foreign investment in Tel Aviv Stock Exchange (TASE) securities fell by a net $143 million in 2006, after a record net $2.1 billion was invested in 2005. Net foreign investment in TASE-listed securities totaled $219 million in December 2006.

What makes this very unique is the fact that Israel has no natural resources to draw upon to create this enormous interest from the outside world.

Most of this seems to be driven by Israeli brain power (i.e. technology, health sectors, entrepreneurship, etc.), although containing some of the world's most respected "holy sites" doesn't hurt either.

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