Deals
Flug Shekel Sales Sapped by Best Flows Since ’06: Israel Markets
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Israeli companies are on course to attract more foreign inflows this year than at any time since 2006, undermining central bank efforts to curb the shekel’s gains and help the export-driven economy.
Direct investment from abroad increased to more than $9 billion in the first nine months of 2013, matching the total for all of last year, according to data from the Bank of Israel. Bank Leumi Le-Israel Ltd., the country’s second-largest lender, expects flows to reach $13.5 billion by year-end, the largest amount since 2006.