Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Algerian Foreign Ministry: The Algerian President directs Foreign Minister Ahmed Attaf to head to Niamey as soon as possible
Algerian Foreign Ministry: Niger’s acceptance of the Algerian initiative strengthens the option of a political solution to end the crisis
Algerian Foreign Ministry: Algeria received official approval from Niger concerning the Algerian mediation initiative to resolve the crisis
Armenia says Azerbaijani forces open fire in border region
Al Mayadeen's correspondent: Israeli Supreme Court decides to return the case of prisoner Kayed al-Fafsous to the Military Court of Appeals
Egyptian media, citing medical sources: Ambulances transported about 100 injuries to hospitals as a result of the Ismailia Security Directorate fire
Egyptian media: The number of people injured in the Ismailia Security Directorate fire has risen to 21 people, some of whom are in critical condition.
Turkey carried out air strikes in northern Iraq and destroyed 20 PKK targets: Turkish MoD
Al Mayadeen's correspondent: Turkish warplanes carry out an air strike that targeted the Matin area in Dohuk, northern Iraq
Israeli media: The settlers wrote the word “revenge” in the site and uprooted dozens of olive trees

'Israel' witnesses 60% decline in investment during early 2023

  • By Al Mayadeen English
  • Source: Bloomberg
  • 7 Sep 2023 16:10
  • 1 Shares
  • x

According to a report by the Israeli Finance Ministry, the decline is attributed to a combination of global and local uncertainties.

  • A view of an Israeli colonial settlement in the occupied West Bank, June 18, 2023. (AP)
    A view of an Israeli colonial settlement in the occupied West Bank, on June 18, 2023 (AP)

In the first quarter of 2023, foreign direct investment in "Israel" experienced a significant decline of 60%, as compared to the average quarterly figures in recent years, a report from the occupation's finance ministry indicated, as per Bloomberg.

Additionally, both the number of investment deals and investors decreased by one-third, as outlined by the report.

This decline in investment was attributed to a combination of "global and local" uncertainties.

Israeli occupation Prime Minister Benjamin Netanyahu's judicial overhaul has shaken the occupation to its very core, critics say, generating unprecedented political and social turmoil. 

The report indicated that direct foreign investment in the Israeli occupation in the initial quarter of the year amounted to $2.6 billion.

Read more: As Israelis protest, Palestinian rights are thrown out the window

In 2022, the total reached $29.32 billion, with 72% originating from the US and 8% from the UK. Notably, 54% of these investments were directed toward the IT and enterprise software sector.

The average value of high-tech exits experienced a substantial decline, plummeting by 80% from an average of $307 million in recent years to $56 million during the first quarter of 2023.

Related News

Israeli court refuses to consider petition for al-Fasfous' release

Section 5 prisoners in 'Ramon' Prison under tragic conditions

The report stated that this decline can be partly attributed to the decrease in the valuation of tech companies in the US, which is also reflected in the reduced funding rounds of these companies.

Moreover, the value of investments made by foreign companies establishing operations in "Israel", often referred to as greenfield investments, saw a 50% decline in the initial quarter of 2023, amounting to $180 million compared to previous quarters.

Notably, the number of these investments remained consistent. In 2022, "Israel" recorded $1.68 billion in greenfield investments, which led to the creation of 5,000 jobs across 71 companies, with 43 of them being newcomers.

Read more: Hundreds of thousands during 35th week of protests in "Israel"

In July, Former Deputy Governor of the Bank of "Israel", Zvi Eckstein, warned that "Israel" is on the path of a massive economic decline that will harm all Israelis, and that the judicial overhaul legislation threatens the authoritarian structure in "Israel", as well as the "national" consensus.

He pointed out that the judicial overhaul threatens the security capabilities in "Israel" and affects the desire of high-tech companies to invest in it, especially foreign investors.

Eckstein noted that "Israel" has a dramatic decline in high-tech investments compared to previous years, adding that the market shows uncertainty and a decline in economic activity.

Later that month, The Times published a report detailing that tens of thousands of Israelis are considering emigration due to concerns about their freedoms, human rights, and the current quality of life in the occupation entity.

Ocean Relocation, a firm assisting with immigration and emigration, reported an unprecedented surge in queries to leave "Israel" since January, with 90% of them being about emigration.

  • Israel
  • Israeli economy
  • Israeli occupation

Most Read

BBC from the front lines in Ukraine: It's bad, counteroffensive failed

BBC from the front lines in Ukraine: It's bad, counteroffensive failed

  • Europe
  • 28 Sep 2023
Who Would Ally with the West: ‘It’s Boring – The Real Excitement is in Asia’

Who Would Ally with the West: ‘It’s Boring – The Real Excitement is in Asia’

  • Analysis
  • 30 Sep 2023
US President Joe Biden and Ukrainian President Volodymyr Zelensky

'Not 1 more cent': Americans are done with funding Ukraine's paychecks

  • Europe
  • 30 Sep 2023
Austrian Chancellor Karl Nehammer tells low-income families to buy their children McDonald's burgers.

Austria Chancellor's solution to poor families: McDonald's burgers

  • Europe
  • 29 Sep 2023

Coverage

All
Morocco & Libya Disasters

Read Next

All
Egypt's Ismailia police HQs engulfed with fire (Social media)
MENA

Massive fire engulfs Egypt's Ismailia police HQs, injures dozens

trump
US & Canada

Donald Trump's civil fraud trial opens; business empire at risk

Visitors look at projected paintings and drawings at the Van Gogh exhibit during a preview of the digital exhibition titled "Infinity des Lumieres" in Dubai, in the United Arab Emirates, on June 28 , 2021. (AFP)
Europe

AI, VR unite to depict Van Gogh's 'mental struggle' in final works

A child being treated in a makeshift ICU bed in California in 2023 (AFP via Getty Images)
US & Canada

Children are dying in US hospitals plagued with ill-prepared ERs: WSJ

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS