Report
Research Team

Israel Weekly Coverage Dec 4-8.2017

• Protestors successfully bloc legislation aimed at protecting PM Netanyahu
• Palestinian response to Trump's Jerusalem announcement more muted than expected
• Incoming tourism surges by 30% in past three months
• BoI refrains from intervention in November
• Average wage is up 4.1% y/y in September
• Israel Chemicals announces sales of division to SK Capital for USD 1bn
• Increased violence feared after Trump announcement on Jerusalem
• Energean signs USD 5.7bn contract to supply gas
• Fiscal deficit in November reaches 1.7% GDP in past 12 months
• Business sector optimism softens in November
• President Trump to recognise Jerusalem as Israel's capital
• Pipeline agreement signed by Cyprus, Italy, Greece and Israel
• Total of 23,700 apartments sold in Q3, down by 17% y/y
• Consumer confidence spikes in November, supportive of consumption
• Bank Leumi, Bank of China sign deal to provide credit to Israeli firms in China
• Tamar Petroleum might purchase part of Tamar gas field from Noble Energy
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