Economy

One in five Israelis live in poverty

By Nathan Jeffay, December 18, 2014

Statistics released by Israel's National Insurance Institute reveal that 1.6 million people - out of a population of 8 million - lived below the poverty line in 2013.

Almost one in three children was living in poverty, and the figures place Israel as the third worst country in the OECD for poverty levels.

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How campaigners milk the food price debate

By Anshel Pfeffer, October 14, 2014

A Facebook post on food prices in Israel has kicked off another public debate over the financial burden on the middle classes.

Bizarrely, however, the row has not focused on a staple, but on the popular Milky dairy pudding, composed of whipped cream and chocolate milk.

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Suzy Menkes has always been in fashion, but now she's totally in Vogue

By Sandy Rashty, July 31, 2014

A fashionable 15 minutes late for our interview, Suzy Menkes arrives at her surprisingly modestly-sized office at Condé Nast International near Regent Street, trademark high quiff in place and clutching two stylish but practical Longchamp bags.

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Revealed: who gets what among charity movers and shakers

By Marcus Dysch, May 23, 2014

The range of salaries paid to executives working in Jewish communal organisations is revealed in depth today.

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Wealthiest Jews on the Sunday Times Rich List

By Sandy Rashty, May 18, 2014

Jewish figures from the worlds of business, property, sport and media are among the wealthiest people in the country, it was revealed today.

Music and media investor Len Blavatnik, Chelsea football club owner Roman Abramovich and London-based Israeli shipping magnate Idan Ofer feature prominently in the Sunday Times Rich List, which details the 1,000 most affluent people in the UK.

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Dan Gillerman: still an envoy, this time for business

By Daniel Easterman, April 4, 2014

“There is no political risk at all when investing in Israel,” says a confident Dan Gillerman, the former Israeli ambassador to the United Nations.

“Israel has survived so many crises, so many wars and so many challenges that it has proved without any doubt how resilient it is.

“We have prevailed and our industry and economy has excelled in times of challenges.”

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Use chutzpah to revive the economy, Mr Cameron

By Grant Feller, March 14, 2014

As a mischievous teenager, I was berated by my grandmother for showing too much chutzpah. I believe she was using the original meaning of the word — insolence. She’d be amused to think that it’s now a word we use to shower praise on someone with the confidence and desire to get things done by strength of will and inventive interpretation of the rules.

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There is much more to Israel’s economy than high-tech

By Alex Brummer, February 28, 2014

The International Monetary Fund’s annual inspection of national economies is a pivotal event that shapes political debate.

Israel’s latest report card, issued in Washington this month, must generally be regarded as favourable.

Output growth is seen as solid, unemployment low, the financial sector in good health and the international trade is strong.

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Bank ‘lost’ refugee’s jewellery

By Sandy Rashty, February 20, 2014

Journalist Tom Bower has accused Barclays Bank of losing two trunks full of treasure belonging to his Czech-born grandmother.

His grandmother fled to the UK to escape Nazi persecution and arrived in 1939 with two brown trunks laden with jewels. In 1986, the treasures were locked in a safe-deposit box in a Barclays bank branch in Finchley, north London.

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Independent Scotland must work with Bank of England

By Alex Brummer, February 14, 2014

Before Mark Carney went to Edinburgh last month to meet with leaders to discuss use of the pound sterling in an independent Scotland; debate surrounding the referendum this year was strangely subdued.

The Bank of England governor’s visit marked a pivotal point.

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