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The economy of Israel is a highly developed free-market economy. [23] [4] [24] [25] [26] The prosperity of Israel's advanced economy allows the country to have a sophisticated welfare state, a powerful modern military said to possess a nuclear-weapons capability with a full nuclear triad, modern infrastructure equivalent to developed countries, and a high-technology sector competitively on par ...
For Israel, 90% of the economic shock will come from indirect effects: reduced investment, slowing productivity growth and labor market disruption. [24] According to the Bank of Israel, Israel’s war-related costs from 2023 to 2025 could end up amounting to $55.6 billion, thereby costing Israel 10% of its economy. [25]
First discussions on a free trade agreement between Israel and Thailand were held during the World Economic Forum of 2025 in Davos between the Israeli Minister of Economy and Trade Nir Barkat and the Thai Minister of Commerce Pichai Naripthaphan. Barkat and Pichai have discussed the formation of a joint trade Committee as a pre negotiations ...
Syria’s takeover by Islamist rebels represents a power shift in the region.
24 February – MEPs Rima Hassan and Lynn Boylan are denied entry to Israel as part of an EU-Palestine delegation, with Israeli authorities citing Hassan's support for anti-Israel boycotts. [52] 25 February – The IDF launches airstrikes on military installations outside Damascus and in Daraa Governorate in southern Syria, killing at least two ...
It highlighted the necessity of international cooperation to maximize digital trade benefits and tackle associated challenges. Key statistics from the report include: Digitally delivered services have grown nearly fourfold since 2005, with an annual growth rate of 8.1% from 2005 to 2022, accounting for 54% of total services exports by 2022.
The I2U2 Group is a grouping of India, Israel, the United Arab Emirates, and the United States.The group's first joint statement, released on July 14, 2022, states that the countries aim to cooperate on "joint investments and new initiatives in water, energy, transportation, space, health, and food security."
Located in the city of Beer-Sheva to foster economic development in southern Israel, CyberSpark is a geographical cluster of leading cyber companies, multinational corporations and universities, involving Ben Gurion University of the Negev, technology defence units, specialized educational platforms and the national Cyber Event Readiness Team. [72]