(Business Week) Something is afoot in Israel's financial markets. The leading Tel Aviv stock index is up 34% so far this year. After being unable to raise money on the international capital markets for more than two years, the Israeli government recently attracted institutional investors to a commercial bond offering, raising $750 million. And investors are bidding up the shares of recently privatized El Al Israel Airlines Ltd. Benjamin Netanyahu, Israel's Finance Minister and top economic policymaker since March, argues that one key reason smart money is heading to Israel is the government's radical program to liberalize its economy.
2003-06-25 00:00:00Full ArticleBACK Visit the Daily Alert Archive