Finance Minister: Considering steps to turn Israel into regional financial center

The move would be advanced by provision of incentives and encouraging local and foreign banks and investment firms to open Israeli branches
 
During an annual Budget Division conference held last week in Jerusalem, Finance Minister Yuval Steinitz announced that his Ministry was seriously considering steps which would turn Israel into a regional financial center.
 
Steinitz noted that the move would be advanced by provision of incentives and encouraging local and foreign banks and investment firms to open Israeli branches, thereby expanding their financial activities in the region.
 
Steinitz stated that the Finance Ministry's main objective is to secure positive growth alongside narrowing gaps in society.
 
The Minister noted that this move will be made possible by adding more Israelis to the workforce, while dramatically cutting back on the number of foreign workers.