IAF F-35 “Adir” Jets (Photo Israeli Air Force)
The ongoing wars against the terrorist organizations Hamas and Hezbollah in Gaza and Lebanon were not the only things happening in Israel in November. Israel Startup Nation continued to move forward and keep the Israeli economy afloat.
Here now are Jewish Business News’ top five Israel Startup Nation business stories from November 2024:
Goldman Sachs Forecasts Israeli Shekel at 3.6 per US Dollar Within 12 Months
Goldman Sachs, one of the world’s powerhouses of banking and investment, shocked the money markets on Monday by predicting that the New Israel Shekel (NIS) would rebound and settle at an exchange rate of at least 3.6 Shekels to one US dollar within one year. In a report made by Israel’s daily business publication Globes, the paper stated that Goldman Sachs asserted that this is because Israel’s macroeconomic fundamentals remain strong; however, geopolitical risk will continue to be the main driver of the shekel.
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After the October 7 Hamas terror massacre and the start of the Iron Swords War… read more here
20 Major Airlines Demand Financial Guarantees from Israel Before Resuming Flights
A coalition of twenty international airlines has issued an ultimatum to the Israeli government, demanding immediate action to regulate flight cancellation and overnight stay compensation, and to shield them from excessive legal liability. Failure to comply, they warn, could result in ceasing their operations in Israel. Israel’s Calcalist reported that the foreign carriers sent a letter to the Knesset Economics Committee on the matter.
Just about every international air carrier, from Air France to Lufthansa, canceled all of its flights to and from Israel after the barbaric Hamas terrorist attack of October 7, 2023. This was because at the time Hamas was launching… read more here
Israel Orders 25 F-15EX Fighter Jets from Boeing in $5.2B Defense Deal
The Israel Ministry of Defense (IMOD) signed what it called a landmark transaction to acquire the next generation of F-15 fighter jets – the F-15IA – from the United Sates. Israel is purchasing 25 of the advanced aircraft from Boeing for $5.2 billion.
This comes as the American Air Force is said to be sending its own F-15 fighter jets to the Middle East in anticipation of another Iranian assault on Israel… read more here
France Appeals Court Decision to Allow Israeli Defense Companies at Military Trade Shows”
The French government is appealing a court ruling that overturned its ban on Israeli defense firms from participating in arms shows in the country. If the government succeeds in its efforts, Israeli firms will be barred from participating in the Paris Air Show in June.
In October, French President Emmanuel Macron barred twelve Israeli defense companies from exhibiting at the prestigious Euronaval defense exhibition, which was held from November 4-7. This marked the second instance of Macron taking action against Israeli defense firms, following their exclusion from the Eurosatory defense and security exhibition in June. In May, France canceled… read more here
Extell Development CEO Gary Barnett Progresses with Significant Jerusalem Real Estate Venture
Gary Barnett, the American real estate developer and founder of Extell Development Company, is moving forward with his plans to develop sections of land in central Jerusalem that he acquired from the Greek Orthodox Church. The city of Jerusalem attempted to block the sale of the land because of all of the homes already there, but Israeli courts ruled against it.
Barnett bought a total of about 120 acres of land in these areas in 2023 for roughly $200 million. The problem is that the land was leased by the Israel Lands Authority and currently holds about 900 residential apartments. Some current… read more here
