Bank of Israel to hold rates as economy poised for steep rebound reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Yosef Harash
Feb. 9, 2021
They are called “dream companies,” firms that have gone public on the Tel Aviv Stock Exchange either through an initial public offering or by merging with a listed shell company. Many of them have no revenues, much less profits, but they are trading at heady valuations anyhow. That’s because they offer investors rosy forecasts, in other words a dream of a brilliant future lying ahead for those with patience.
Most of the dream companies are in high-tech sectors, such as food-tech, fintech and renewable energy, which since the dot com boom has had a tradition of loss-making stars going public. Many of them are pharma and biomed companies that need years and tens of millions to develop their first product that could end in failure or a fortune.
האם בנק ישראל מאבד שליטה? bizportal.co.il - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizportal.co.il Daily Mail and Mail on Sunday newspapers.
Unstoppable shekel powers further ahead
Excellence Nessuah: The shekel is on steroids, gaining sharply against all the world s leading currencies also because of Israel s swift vaccination drive.
The shekel is strengthening today against the dollar and against the euro. In afternoon inter-bank trading, the shekel-dollar exchange rate was down 0.72% against the dollar at NIS 3.160/$ and the shekel-euro rate was down 0.89% at NIS 3.839/€.
Yesterday, the Bank of Israel set the representative shekel-dollar rate 0.125% lower from Friday, at NIS 3.183/$, and the representative shekel-euro rate was set 0.718% lower, at NIS 3.873/€.
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The shekel is at its strongest against the dollar since 1996 and its strongest against the euro in eight months.
Channel 12’s Amit Segal still deems his channel’s poll “dramatic,” and other channels also hype up their results, which show Sa’ar’s New Hope getting between 15 and 18 seats, making it the second or third largest party. Blue and White meanwhile drops to a paltry six or seven seats.
The entry of another right wing party that is supposedly anti-Netanyahu forces some interesting bloc-making by the journalists trying to analyze the results of the polls.
Kan for instance sticks ultra-hawkish secular party Yisrael Beytenu in the center-left-Arab camp, since it can’t find any other place for it.
Most channels take it as a given that Sa’ar will not join Netanyahu, putting him and all his votes in the “anti-Netanyahu” bloc.