Tel-Aviv Stock Exchange
Living standards in Israel are the highest in the entire Middle East and so are the living costs. Many of the immigrants and Palestinians do not prosper here, and do not share in the wealth of the economy, as their wages hardly ever cover the basic accommodation and food costs. The economy of Israel was boosted by Intel that opened the doors to the technological industry, combined with decrease in funds having to be poured into the military budget.
Even though mining plays a significant role in the economy, the extraction of petroleum from the Dead Sea is a small-scale operation. The agricultural sector is very successful. There is not much land available for farming, and yet they are able to provide the domestic demand with up to 75 % of required products. Citrus fruits, dairy products, eggs, cotton, poultry, beef and vegetables are supplied by the agricultural sector. The economy relies heavily on the aid that it receives from the United States of America assits with its financial and capital markets. The industrial sector produces products such as wood products, food, phosphates, plastics, textiles, medical equipment, tobacco, construction, metal, footwear, diamond cutting, communications and beverages.
The major export markets consist of Belgium, the United States and Hong Kong, and exported products include software, agricultural products, machinery, chemicals, cut diamonds and equipment. Goods such as rough diamonds, fuels, raw materials, investment products, and military equipment is imported from the United Kingdom, China, Switzerland, Belgium, Germany and the United States. For more information, visit Tel-Aviv Stock Exchange Website