Deals
The Boycott Israel Movement May be Failing
- Foreign investment in Israel nearly tripled to a record high
- Startups, high tech and offshore gas all big attractions
Israel Boycott May Be Failing
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Physicist Stephen Hawking shunned a Jerusalem conference hosted by Israel’s president, singer Lauryn Hill canceled a Tel Aviv concert and a giant Dutch pension fund blacklisted five Israeli banks. All are signs that an international movement to isolate Israel is gaining ground.
Yet an examination of foreign capital flow into the country shows the opposite trend -- a steep increase. Foreign investments in Israeli assets hit a record high last year of $285.12 billion, a near-tripling from 2005 when the so-called Boycott, Divestment and Sanctions (BDS) movement was started by a group of Palestinians.