16:14
Reported

News Briefs

  Iyar 4, 5767 , 21/05/07

London Times: Only Israel Could Grow While Bombs Drop

The London Times has marveled at the ability of Israel to grow despite constant terrorist attacks. "Only in Israel could this be the backdrop for the most impressive economic success story of the modern Middle East," the newspaper reported.

"Israel was 15th in the World Economic Forum’s global competitive index, topping the list of Middle East states and up from 23rd place the previous year," the Times added.

It quoted the Forum's chef economist, Augusto Lopez Claros, that "this small state" has turned itself into a "world technology powerhouse." The Times credited former Finance Minister Binyamin (Bibi) Netanyahu with much of the credit for the economic growth.
Other archived news briefs:May 21 2007, 04:14 PM, 5/21/2007