As well as scrapping the city’s adoption of the IHRA definition of antisemitism, he also did away with an order forbidding city officials from making procurement policies “that discriminate against the State of Israel, Israeli citizens, or those associated with Israel”.
With the change of administration, Israeli firms listed on the New York Stock Exchange are reportedly concerned about the potential effects of the new mayor’s policies, something the Tel Aviv exchange is understood to view as an opportunity to bring some of those businesses home.
Officials labelled the opening bell event “a gesture to the economic and technological cooperation between Israel and the United States,” and a “symbol of the investment and entrepreneurial opportunities created through connections between global markets”.
But, according to Haaretz, they are looking to “capitalise on growing concerns among Israeli and Jewish communities”.
It comes amid a post-war economic surge in Israel, which saw it climb the ladder to rank third among the world’s best-performing economies in 2025, per The Economist.
“Israel has continued its strong recovery from the chaos of 2023,” the magazine stated in its annual report.
The report compared data across five indicators – inflation, “inflation breadth”, gross domestic product (GDP), jobs and stock market performance – to determine the “economy of the year”, focusing on what they describe as 36 “mostly rich” countries.
Only Portugal and Ireland ranked ahead of the Jewish state, with the magazine adding: “Nowhere has done better (in local-currency terms) than Israel.
"In the past year the share price of the country’s most valuable listed company, Bank Leumi, has risen by around 70 per cent.”
