Direct foreign investment in the first nine months of 2005 was 4.3 times the total for 2004.
Foreign investment in Israel has risen sharply in 2005. However, there has been a substantial slowdown in foreign investment in recent months, especially in Tel Aviv Stock Exchange (TASE) listed shares.
Foreign investment in Israeli securities (stocks and bonds) exceeded $3.5 billion in January-September 2005, 85% of the investment in 2004 as a whole, the Bank of Israel reported today. Foreign investment is running at over an annualized $4.7 billion.
Net direct foreign investment exceeded $3 billion in January-September, 4.3 times the amount invested in 2004 as a whole. Net direct foreign investment is running at an annualized $4 billion. There was a sell-off of direct foreign investments in September that totaled $1.25 billion.
The Bank of Israel also reported that foreign investment in the TASE plummeted in September to $49 million, from $245 million in August. Foreign investment in TASE-listed shares totaled $2.06 billion in January-September, 4.3 times the investment in 2004 as a whole.
Published by Globes [online], Israel business news - www.globes.co.il - on October 10, 2005