Click here for the link to the following article. Note the phrase "strategic investment," lol.

Israelis' overseas investment jumped to $737m in August

Foreign investment in Israel totaled $4.1 billion in January-August 2004.

Zeev Klein 28 Sep 04 16:57

Overseas investment by Israelis has risen sharply. Overseas investment by Israelis totaled $737 million in August, including $116 million in financial investment in negotiable securities, show Bank of Israel figures.

Foreign direct investment in companies and income-producing real estate by Israelis totaled $550 million. This figure includes strategic investment in apartments and land by Israeli companies active overseas.

Foreign investment in negotiable securities totaled $339 million in August. Direct foreign investment in Israel, including in companies and real estate, totaled an additional $163 million.

Foreign investment in Israel totaled $4.1 billion in January-August 2004, 74% of the $5.5 billion in foreign investment in 2003 as a whole.

Foreign direct investment in Israel, including companies and real estate, totaled $1.52 billion in January-August, 40% of the total foreign direct investment in 2003 as a whole.

Foreign financial investment in Israel totaled $3.26 billion in January-August, 33% more than in 2003 as a whole. Foreign investment in the Tel Aviv Stock Exchange (TASE) fell by $491 million, compared with an increase of $372 million in 2003 and $46 million in 2002.

Published by Globes [online] - www.globes.co.il - on September 28, 2004