Economy

Blair-backed city that became beacon of hope

By Anshel Pfeffer, August 16, 2013

Its supporters see Rawabi as proof that the financial situation in the West Bank can improve and that a Palestinian middle-class is emerging. Its detractors see it as merely an extension of the “Ramallah bubble”, disconnected from the rest of the Palestinian territories and perpetuating the occupation.

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Bank of Israel fiasco bodes ill for economy

By Anshel Pfeffer, August 9, 2013

There is a long list of reasons for the ongoing farce that is the attempt to appoint the next governor of the Bank of Israel.

So far in the saga, two appointees — respected veteran economists — have declined the post following allegations of past misdeeds. As a result, the bank has been without a permanent chief banker for a month now.

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Netanyahu seeks new rules on bank governor selection

By Zoe Winograd, August 5, 2013

Israeli Prime Minister Benjamin Netanyahu might change the process of selecting the Bank of Israel governor after two candidates stepped down last week.

Reportedly, Mr Netanyahu is considering including the Turkel Committee, an advisory committee on senior appointments, in the decision-making process.

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Frenkel withdraws Bank of Israel candidacy

By Zoe Winograd, July 30, 2013

Jacob Frenkel has withdrawn his bid to be the next governor of the Bank of Israel following allegations of theft.

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We must help our youth source jobs

By Zaki Cooper, July 25, 2013

When Lord Sacks rose from the red benches of the Upper Chamber to initiate a debate on “Business and Society” last month, he honed in on the problem of youth unemployment. He asked whether we were “condemning a significant proportion of young people to a future in which they will never find work”.

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A central element in the road to recovery

By Alex Brummer, July 21, 2013

Before the recession, central bankers were seldom seen and rarely heard.

But now they are taken on by governments to sort out the economic mess.

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Ed Balls: Israel can teach us how to grow economy

By Marcus Dysch, July 18, 2013

Shadow Chancellor Ed Balls has praised the “strength and dynamism” of Israeli innovation and urged British companies to increase their business links with the country.

Mr Balls said Britain needed to take its financial ties with Israel “to the next level” by putting the country’s high-tech developments “on people’s radars”.

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Unemployment statistics do not reflect youth 'under-employment'

By Sandy Rashty, July 18, 2013

Official statistics released this week indicated a 20,000 fall in youth unemployment in the UK.

The statistics, released by the Office for National Statistics on Wednesday, were described as “encouraging news” by Prime Minister David Cameron.

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Incoming Bank of Israel chief accused of shoplifting

By Sandy Rashty, July 15, 2013

A shoplifting allegation against incoming Bank of Israel Governor Jacob Frenkel resurfaced last week.

In an incident which was reported in the Israeli press seven years ago, Mr Frenkel allegedly stole perfume from a duty free shop in Hong Kong airport.

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Top job roles should be filled internally

By Alex Brummer, July 8, 2013

The appointment of Ian Livingston as the new trade minister at the House of Lords was a surprise.

Livingston, the former chief executive of the BT Group, has been credited with increasing the telecom giant’s fortune by cleaning-up services to global corporations and entering the pay TV market as a potential rival to BSkyB.

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