September 28, 2021

The power of Israel’s economy – editorial

The last few weeks have shown the power of Israel’s economy. On Wednesday, news came out that Jared Kushner, son-in-law of former President Donald Trump and his senior adviser, is opening an investment firm that will be based in Miami and have an office in Israel.
A few weeks earlier, former treasury secretary Steve Mnuchin and ambassador to Israel David Friedman announced the opening of their own investment office in Tel Aviv. Shortly after that news broke, Softbank announced that it had appointed former Mossad chief Yossi Cohen to serve as its representative in Israel.

The amount of money that each of these funds plans to invest in Israel has not been published, but it will likely be in the billions of dollars. That is billions of more dollars being invested in Israeli technology and businesses.

Softbank’s Vision Fund, for example, has more than $100 billion in committed…

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