June 30, 2015

Foreign investment in Israel in major drop

Mondoweiss - Foreign direct investment in Israel dropped by 50% in 2014 according to a 2015 World Investment Report issued by the United Nations Conference on Trade and Development.
Newsweek cites one of the authors of the report, Dr. Ronny Manos from the Open University of Israel, as speculating the declining investment is fallout from the Israeli military onslaught on Gaza last summer and “international boycotts” against Israel for “alleged violations of international law.”  Ynet adds that, according to Manos, “these are only conjectures that can explain the sharp decline”
As we reported in 2013 investment committees for European banks were considering recommending their institutions bar loans to Israeli companies that have economic links with the Palestinian occupied territories. At the time Haaretz reported the investment committees “submit a report to their clients with recommendations about where to invest − and where not to invest. The process of examining the Israeli companies that operate in West Bank settlements involved the exercise of due diligence.”

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