Finance- Israel Stock Exchange Essay Example | Topics and Well Written Essays - 500 words

Finance- Israel Stock Exchange - Essay Example Globes, Israel Business Arena is one of the leading business publications in Israel. This article reports on a the Deloitte 2010 Global Venture Capital Survey, carried out in conjunction with venture capital associations around the world. The headline captures the negative results of the survey and the bad news for the Israeli stock market. The survey found that the majority of venture capital firms were looking first and foremost to increase their foreign investment in China (27%) and then India (14%). The article does not contain the precise numbers for Israel but notes that interest has fallen since 2009. Commenting on the results, Igal Brightman CPA, chairman and CEO of Deloitte Brightman Almagor Zohar & Co.and managing partner of the TMT group in Deloitte, said, "The migration of venture capital eastward indicates that the global high-tech industry is seeking new growth opportunities. The main indicators in the Israeli economy, among them accession to the OECD, the fall in the shekel-dollar exchange rate and the rise in salary levels, make Israel less attractive in comparison with the alternatives." This is very bad news for the Israeli economy as foreign venture capital investment, particularly in the hi-tech sector has been a key engine of growth in the Israeli economy and stock market in the past. Daniel, Robert, (November 8, 2010) â€Å"Market Watch: Israel stocks fall; gas firms hit by tax reports†. The Wall Street Journal Digital Network. Web. http://www.marketwatch.com/story/israel-stocks-fall-tax-reports-hit-gas-firms-2010-11-08. This article reports on a slight decline in the Israeli stock market on Monday, November 8, 2010. However, more substantively it identifies factors underlying the drop in, and poor prospects for the future in the natural gas sector and the telecom sector. The article reports that the Israeli government is considering a new financial arrangements with natural gas producers. â€Å"A government committee is planning to