The Organization for Economic Cooperation and Development (OECD) has rated Israel as the second poorest among its member nations. This is surprising, given the relative level of education and salaries.
Indeed, when looking solely at gross salaries, Israel is 26th in the world; however, when examining net salaries (i.e., disposable income after taxes), the country is second worst in the world (second only to Mexico).
According to a report issued by the Organization for Economic Cooperation and Development (OECD) on Sunday, Israel ranks low for income, housing market, poverty, and public perception of government corruption, but, strangely, high for satisfaction with life, health, and education levels. The report on the nation’s “well-being,” was a surprising mix of results.
A recent Organization of Economic Cooperation and Development (OECD) report found that Israelis rank among the highest educated in the developed world. However, the same report found that the country still lags behind other nations with regard to gender equality in education. The OECD issued the report on Tuesday.
The report, entitled “Education at a Glance 2015,” found that 49 percent of Israelis had attained degrees representing higher levels of education. This proved much higher than the 34 percent average for all of the OECD’s other member nations.
According to a recent report by the Organization of Economic Cooperation and Development (OECD), Israel not only weathered the global recession of 2008 better than many other nations, it actually managed to begin the process of addressing ethnic inequality during the same period. The report also identifies lingering shortcomings and suggests ways to better integrate Israeli-Arabs into the workforce.
For over a decade, Israel’s economy has managed to withstand the global financial crisis that has brought other countries to their knees, whilst weathering various military conflicts at the same time. Despite all of the factors that could have brought Israel down, the economic growth hasn’t struggled much, nor has the flow of foreign investment. However, that could be about to change. Experts suggest that the strength of Israel’s economic run, led by former finance minister Yuval Steinitz, could be facing an abrupt end, as the era of sustainably heavy growth steadily falls into history.
The company that owns the largest, most productive factories throughout Gaza, ‘Gaza City’ had their operations destroyed through airstrikes and artillery shells, leading them to comment that Israel may have intentionally targeted the industrial sector in Gaza in order to bring the economy crumbling down.
Well, when you are firing rocket after rocket into Israel because of irrational hatred, you should be smacked down which is what Israel has the right to do.
The first gas has started flowing from Israel’s supergiant Tamar gasfield in the Levant Basin. Where it will go will redraw the Mediterranean energy map and the geopolitics that goes along with it.
The Tamar field stakeholders announced on 30 March that the gas had started flowing, raising the value of Texas-based Noble Energy Inc. (NYSE: NBL), which holds a 36 percent stake, and Israel’s two Delek Group subsidiaries, which each hold a 15.6 percent stake.
Palestine’s successful bid to be recognised as a “non-member observer state” in the United Nations last Thursday has come at a cost; after the Israeli government announced on Sunday that it would be withholding $118 million in tax revenues to the Palestinian Authority this month, in response to the “Palestinian provocation.”
An attack on Iran’s nuclear facilities by Israel’s military could cost the Jewish state nearly 167 billion shekels ($42 billion) in economic damage over five years, said business information firm BDI-Coface on Monday, with an estimated 10 percent of all small new businesses expected to collapse due to the inevitable economic slowdown.
Egypt supplies nearly 40 percent of Israel’s natural gas needs. Yet the cordial relationship, which both governments once enjoyed, has since broken down. To make matters worse, populist sentiments emanating from the Arab Spring are now calling for Cairo to revoke all sales of natural gas across their border.
As last year’s Arab spring has slowly roiled eastwards from Tunisia to the eastern Mediterranean, the two most concerned governments are the US and Israel, that are watching their carefully constructed defence alignments crumble to the populist forces unleashed.
