Just last month, Israeli Prime Minister Benjamin Netanyahu predicted a new era of peace and prosperity in the Middle East. Today, with the Israel-Hamas war in its fourth week, that
Israel s economy recovered from previous wars, but this one might hit harder naharnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naharnet.com Daily Mail and Mail on Sunday newspapers.
Just last month, Israeli Prime Minister Benjamin Netanyahu predicted a new era of peace and prosperity in the Middle East, based on growing acceptance of Israel within the region. Today, with the Israel-Hamas war in its fourth week, that vision is in tatters. He mobilization of 360,000 reservists and the evacuation of 250,000 Israelis from their homes has upended many businesses. Restaurants and stores have emptied. Airlines have canceled most flights to Israel, and tourists have called off trips. A main oil field has been shut down, farms have been destroyed for lack of workers, and businesses have furloughed tens of thousands of people.
Just last month, Israeli Prime Minister Benjamin Netanyahu predicted a new era of peace and prosperity in the Middle East, based on growing acceptance of.
Financial barometers paint a bleak picture. The local currency, the shekel, has reached a 14-year low, while the benchmark stock index is down about 10% this year. The tech industry, the engine of Israel's economic growth, started bleeding even before the war began.