Become an international chartered accountant with ACCA: https://www.deanteacher.com/ Israel’s only public stock market is the Tel Aviv Stock Exchange (TASE). The Israel Securities Authority is in charge of overseeing the exchange, which is governed by the Securities Law of 1968. (ISA). TASE is an important part of the Israeli economy. TASE has 544 businesses listed, 56 of which are also listed on other stock exchanges. TASE also has over 1000 mutual funds, 180 exchange-traded funds (ETFs), 60 government bonds, 500 corporate bonds, 591 exchange-traded notes (ETNs), and 180 exchange-traded funds (ETFs). These are all denominated in Israeli shekels. The Israeli economy Israel’s economy is a well-developed free-market economy. On the World Bank’s ease of doing business index, Israel is ranked 35th. After the United States, it boasts the world’s second-largest number of startup businesses and the third-largest number of NASDAQ-listed companies after the United States and China. Intel, Microsoft, and Apple established their first foreign research and development facilities in Israel, and other high-tech multinational businesses such as IBM, Google, HP, Cisco Systems, Facebook, and Motorola all established R&D centers there. The country’s main economic sectors are technology and industrial production; the Israeli diamond industry, which accounts for 23.2 percent of all exports, is one of the world’s leading centers for diamond cutting and polishing. With a scarcity of natural resources, Israel relies on imports of petroleum, raw materials, wheat, automobiles, uncut diamonds, and production inputs. However, recent discoveries of natural gas reserves off its coast, on the one hand, and the leading role of Israel’s solar energy industry, on the other, may change the country’s near-total reliance on energy imports in the future. Quality university education and the creation of a highly motivated and educated population are mainly to blame for Israel’s high-tech boom and fast economic development by regional standards. Exotic Markets Book: https://www.amazon.com/dp/B099C4J28V Twitter: https://twitter.com/deancahillacca

• published: 08 Sep 2021
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