[Business Week] Neal Sandler - Even the takeover of Gaza by the Islamist Hamas in mid-June hasn't slowed the momentum in Israel. The Tel Aviv Stock Exchange 25 index is up by 21% this year, reaching an all-time high on June 17. The exchange has seen 46 initial public offerings so far this year, more than the total for all of 2006. Together, they have raised $2.4 billion, triple last year's total. "There has never been a better economic climate here for investment," says Stanley Gold, president of Shamrock Holdings, a Los Angeles fund led by Roy Disney.
2007-06-22 01:00:00Full ArticleBACK Visit the Daily Alert Archive