TEU 174,000 moved through Israeli ports in January 2011
07.03.11
TEU 174,000 moved through Israeli ports in January 2011
Each port handled TEU 87,000. Both, Haifa Port Ltd. and Ashdod port Ltd. handled TEU 89,000 inbound containers and TEU 85,000 outbound containers
El Al raises fares due to higher fuel costs
07.03.11
El Al raises fares due to higher fuel costs
Fares will rise by US$22- US$45, depending on the destination beginning on April 1. Brent crude has reached US$114.50 per barrel and is up more than 10% this month
Orlando Mayor to lead an Orlando trade group to Israel in March
28.02.11
Orlando Mayor to lead an Orlando trade group to Israel in March
The trade group group is trying to secure non-stop air service from Israel to Orlando and possible Israeli health care business interests to add to the new medical city at Lake Nona
Unscheduled ports strike ended after one hour
28.02.11
Unscheduled ports strike ended after one hour
The unscheduled strike was called over a delay in the signing of a January wage agreement and because of a dispute with the Finance Ministry over port retirees’ pensions
CBS: Industrial production grew by 7.8% in 2010
28.02.11
CBS: Industrial production grew by 7.8% in 2010
CBS noted that significant slowdown in industrial production's growth rate in last four months of 2010. Demand for workers drops accordingly
Bank of Israel raises interest rate to 2.5%
28.02.11
Bank of Israel raises interest rate to 2.5%
The BOI decided to raise the interest rate by a quarter point to get the country's inflation rate back on target. Israel's annual inflation rose to 2.7% in 2010
S&P Maalot raises Zim rating to "ilBBB"
28.02.11
S&P Maalot raises Zim rating to "ilBBB"
The factors leading to the upgrade are improvement in the world trade and the shipping market. The current upgrade follows a sharp raise of four grades in September 2010
El Al buys secondhand Boeing 747 for US$23m
28.02.11
El Al buys secondhand Boeing 747 for US$23m
The Boeing 747-400 that was built in 1996 will be dekivered next week. El Al operates at present a fleet of five 747-400 jumbo jets