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Israel’s economy (summaries of 3 articles from Daily Alert)

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Jun. 24, 2016

Unemployment in Israel Drops to Lowest Rate Since 1983 (Ha’aretz)
Israel’s Central Bureau of Statistics saidThursday that the unemployment rate in May was 4.8%, down from 4.9% in April and the lowest rate since 1983.

Israeli Design-Builder Wins $90-Million Sugar Irrigation Job in Ethiopia – Neal Sandler (Engineering News-Record)
The state-owned Ethiopian Sugar Corp. has awarded to Israel-based design-build firm Baran Group a $90-million contract to engineer and construct a 61-km. irrigation network over 19,000 acres of sugar canewithin 20 months.

Israel Builds Railway to Boost Commerce with Arab Neighbors – Orr Hirschauge and Rory Jones
Israel is poised to open in October a new 40-mile rail line between the port city of Haifa and a terminal 5 miles short of the Jordanian border, as trade with the country’s Arab neighbors flourishes along the route. Trade through Israel has increased in recent years as shipping companies have avoided Syria, where war has been raging since 2011. Cargo handled at the Sheikh Hussein border crossing between Israel and Jordan increased 65% between 2010 and 2015, with the number of cargo and container trucks using this route nearly quadrupling. Boats are coming into Haifa bearing containers and trucks that then travel by road to Jordan and on to Saudi Arabia, Iraq and the Gulf, carrying Spanish oranges, Jordanian textiles and car parts from Europe. (Wall Street Journal)
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  • Published: 7 years ago on June 24, 2016
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  • Last Modified: June 24, 2016 @ 12:44 pm
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