As the conflict with Israel expands, many people are worried about the price of oil skyrocketing. However, due to a lack of reliance on Middle East production, increasing global production and decreasing demand for oil should help to keep prices steady.
globalEDGE Blog - By Tag: israel
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The Israel-Hamas conflict is one of the world’s longest-running conflicts, and its impact extends far beyond the region’s borders. The conflict significantly disrupts trade, supply chains, and investment, often leading to volatility in international markets. Recently, the situation has escalated, with both sides launching airstrikes and rocket attacks, causing widespread death, destruction, and displacement of thousands of people.
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Since 2007, the Gaza Strip has been burdened by a land, air, and sea blockade imposed by Israel. Gaza is a self-governing territory but was seized by Israel in 1967, leading to intense restrictions that have cut Gaza off from hospitals, banks, religious practices, and other essentials in the community. The primary goal of this blockade has been to prevent imports of materials that Gazans could use for military use. For fishermen needing to travel through the Gaza Strip and buy necessary fishing equipment, these restrictions are severely limiting their ability to work in this industry.
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The COVID-19 vaccine has been a point of discussion for nearly two years at this point. However, there is a new version that is the current talk-of-the-town: COVID-19 Booster Shots. Today’s blog will discuss what these booster shots are, how they are being implemented, and what it means for some countries to have them when others don’t even have enough doses of the original vaccine.
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Be’er Sheva, a city of 200,000 in the middle of Israel’s Nagev Desert is quickly becoming a global technology hub, drawing in several of the world’s largest technology companies. What is causing these global companies to set up shop in the scorching heat of the Arab desert seemingly in the middle of nowhere? The answer to this question comes from Maya Hofman Levy, who is EMC Corporation’s site manager in Be’er Sheva, who stated that “The main reason EMC wants to be in Be’er Sheva is for access to talent.”
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A large number of new startup companies are appearing in Israel. What is making Israel such a sought after destination for these new enterprises? Part of it could be that the government is introducing new programs that encourage innovation in the country. The online edition of Entrepreneur magazine published a story highlighting the many reasons why Israel is a hotspot for current entrepreneurs.
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News coverage shows the chaos currently engulfing the Gaza Strip. The Israeli bombardment has so far destroyed 50 factories that previously produced food, textiles, and other goods according to the Vice President of the Palestinian Federation of Industries, Ali Al-Hayek. In addition to the poor economic effects of these attacks, citizen’s homes have also been destroyed. During July’s fighting alone, at least 2,655 homes have been extremely or entirely damaged. Inevitably, Gaza will have to undergo massive reconstruction once the conflict resides, however there are major problems associated with cost and trade that could prevent it from doing so.
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With 4,000 active technology start-ups, Israel has more such firms than any country outside of the United States. With a population of nearly eight million people, Israel has higher levels of start-ups, engineers, and venture capital investment per capita than any other nation. High tech products make up almost half of Israel’s annual exports. While this may appear surprising at first, a variety of factors can be attributed to Israel’s maturation from an agricultural state to a technology hub in recent years.
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As a second-year MBA student, I am constantly scanning the internet for articles and opinions about the future hiring prospects of people who earn a graduate degree in business. I recently came across a particularly interesting opinion about veterans of the Israeli army. The article asserted that veterans of the Israeli Defense Forces (IDF) not only have skills for combat, but are equipped to address everyday problems of regular consumers. Many of these veterans are valued for their strong values and ethics in the private sector. So, how is the MBA viewed out there in the international community? Is it worth the time and money?