Syrian air defences thwarted an Israeli missile attack on a research centre and a military base in the northern province of Aleppo, state media said on Monday, in the fifth such strikes in two weeks on suspected Iranian targets.

Israel's Supreme Court on Wednesday approved a coalition deal between Prime Minister Benjamin Netanyahu and his former rival Benny Gantz.

Israeli lawmakers approved the formation of a unity government between Prime Minister Benjamin Netanyahu and his erstwhile rival Benny Gantz Thursday, paving the way to an end to more than a year of deadlock.

Getting less sleep for five nights in a row can make you view other people’s expressions more negatively, including facial reactions seen over video calls

Are you experiencing depression, mood instability, and loneliness? Blame the disruption in your body's internal clock, researchers say.

Our 24-hour biological body clock governs the fundamental physiological and behavioural functions including from body temperature to eating habits in almost all organisms. Disruptions in that biological clock may arise from increased activity during rest periods and/or inactivity during the day. Disturbances to the body's internal clock or the circadian rhythms are also associated with lower happiness and health satisfaction, and worse cognitive function, according to a study published in The Lancet Psychiatry.

"Our findings indicate an association between altered daily circadian rhythms and mood disorders and well-being," said study author Laura Lyall, from the University of Glasgow.

"The study reinforces the idea that mood disorders are associated with disturbed circadian rhythms, and we provide evidence that altered rest-activity rhythms are also linked to worse subjective well-being and cognitive ability," Lyall added.

The study included data from 91,105 participants aged between 37-73. The researchers objectively measured the rest and activity rhythm patterns which is known as relative amplitude.

The results showed that lower relative amplitude was linked with greater odds of reporting lifetime history of major depression or bipolar disorder.

It was also associated with greater mood instability, higher neuroticism scores, more subjective loneliness, lower happiness and health satisfaction, and slower reaction time.

However, the researcher said that the findings showed observational associations rather than cause and effect, and "cannot tell us whether mood disorders and reduced well-being cause disturbed rest-activity patterns, or whether disturbed circadian rhythmicity makes people vulnerable to mood disorders and poorer well-being," Lyall said.

She also noted that rest-activity rhythms differ between younger and older adults which may cause difference in the daily clock and mental health link based on their age.

(Edited by mid-day online desk, with inputs from IANS)

Catch up on all the latest Mumbai news, crime news, current affairs, and also a complete guide on Mumbai from food to things to do and events across the city here. Also download the new mid-day Android and iOS apps to get latest updates

Controversy and fracas is heating up over sugar imported from Pakistan. Reports have emerged about an NCP MLA from Thane district and party activists tearing sugar bags stored in a godown in Navi Mumbai. The MLA, who represents Kalwa-Mumbra constituency, said hundreds of NCP activists raided the godown, located in Dahisar Mori area of the satellite town of Mumbai, and tore the bags containing the imported sugar.

This comes on the heels of the Maharashtra Navnirman Sena (MNS), which had already opposed the sale and distribution of imported sugar. MNS leaders from Navi Mumbai visited wholesale traders in the Vashi agriculture produce market committee (APMC), and warned them against the distribution of sugar.

While sentiment and belief is one thing, we hope that these sugar raids will not disrupt the ordinary person's life or schedule. Every political party has a right to credo and action, but it should not come at the cost of citizens.

The relevant party and its workers can hold a peaceful protest outside these godowns if they so desire, to raise awareness. They could also put up their resistance on social media and create awareness about why they oppose the Pakistani sugar. Do voice your opposition, do give vent to your anger or ire and do reinstate your stand. That is your right as citizens of a democracy.

Yet, one must always do so with a respect for people and violence should play no part in these protests. Beware of political shenanigans, which aim to capture eyeballs, rather than espouse the party line or philosophy. Actions like this must not snowball into confrontations with innocent people caught in the crosshairs.

Say no to Pakistani sugar if you wish, but do not disrupt daily life. Respect the law and the people, otherwise you fear losing sight of your cause in a spiral of violence and hooliganism.

Catch up on all the latest Mumbai news, crime news, current affairs, and also a complete guide on Mumbai from food to things to do and events across the city here. Also download the new mid-day Android and iOS apps to get latest updates

Pic Courtesy/Sameer Malhotra

Why am I biking so much? Maybe, because I work only as much as I need to," says actor Satyadeep Misra, who you will remember as Rosie's suitor Johnny from Bombay Velvet and TV series P.O.W. — Bandi Yuddh Ke, where he played a soldier. We are sitting at his Versova home talking about bikes over a glass of gin.

Kemmu and Misra's social media is full of riding clicks, including those taken outside Café Monza in Kharghar, where they ride down on Sundays. Pics/Instagram

The cupboard next to us in the living room, is topped with helmets, which he says will grow in number. If you follow Misra on Instagram, you know that over the last year, he has biked to Uttaranchal, Himachal, Goa, Nepal and Hampi. His biking friends include actor Kunal Kemmu, who will next be seen in Karan Johar's Kalank, and whose social media feed is also full of riding clicks. Some of these see him posing with his bike, and some are taken with Misra outside Café Monza in Kharghar, where they ride down early on most Sunday mornings for breakfast.

Satyadeep Misra

Misra has a Ducati Scrambler, and Kemmu used to have a MV Agusta Brutale 1090 RR, and now has a Ducati Scrambler too. Their retail indulgences include biking jackets, one helmet after another, gloves and of course, biking boots. "After the Uttaranchal trip, riding became a big part of my life. I wake up only thinking of riding. The question on my mind always is 'when is my next biking trip going to be?' I think I work, just so I can ride," says Misra.

Kunal Kemmu

Unlike Misra, who caught the bug last year, Kemmu harboured the dream of biking since school, because he thought it was "cool". "My uncle bought me a bike, but the day it got delivered, I was in college, and my father sent it back," he tells us. "I have always been a rider. But, it's only in the last six months that I have started to enjoy what it's all about. I have made friends with those who ride with me. And I have been getting all this gear that improves the riding experience," says the new father, who is quick to tell us that the one thing wife Soha Ali Khan tells him, is to be careful.

In Robert M Pirsig's Zen and The Art of Motorcycle Maintenance, the author writes, "In a car, you're always in a compartment, and because you're used to it, you don't realise that through that car window everything you see is just more TV. You're a passive observer and it is all moving by you boringly in a frame. On a cycle the frame is gone. You're completely in contact with it all. You're in the scene, not just watching it anymore, and the sense of presence is overwhelming."

When Misra speaks of riding on a bike, he compares the feeling to flying. "If you see my bike, which is an off-roader, it's high up there, and as you are sitting on it, you too are sort of squatting in air. So, when you are cruising along, it does feel like you are flying," he says. When we ask, what he thinks about when he rides, he says, "It's hard to think because you are focussed on the road. All your instincts are tuned to the road, and keeping the bike in control. But as you start doing it more, it gets easier to disconnect and ride. As I said, it's the closest I have come to flying."

For Kemmu, it started off by being about the sound, speed and how the bike looks. But, in recent times, he has felt it become a stress buster. "There are days when you will be stuck in traffic, and feeling baked in all that gear, but then, there will be days where it will be a breeze. The risk factor also adds to the romance. At the end of the day, it's about the relationship between man and machine, and that's priceless."

Catch up on all the latest Mumbai news, crime news, current affairs, and also a complete guide on Mumbai from food to things to do and events across the city here. Also download the new mid-day Android and iOS apps to get latest updates

After an engineer in the G north ward tested positive for COVID-19, water supply to residents of Dadar-Mahim is likely to be disrupted for a while. The entire team in charge of repairing the water pipeline has been quarantined.

The engineers and workers of G north ward offices were on essential duty of ensuring water supply, but one of them tested positive for COVID-19 late Tuesday night.

"He was on duty of repairing the water pipeline in Dharavi. In all likelihood, that is how he contracted the virus," one of the employees said.

Soon after the engineer tested positive, the BMC health department quarantined the entire team on April 29, Wednesday, to avoid further transmission. The repair work will restart only after the team gets the all-clear, which will take a while.

Catch up on all the latest Mumbai news, crime news, current affairs, and a complete guide from food to things to do and events across Mumbai. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

COVID-19 has started showing its impact on the mutual fund industry. Few days ago I mentioned in my article, Debt mutual funds witnessed massive outflows of Rs 1.95 trillion in the month of March.

Though we could attribute most of that outflow to corporates redeeming funds to meet their quarter end obligations, high volatility and uncertainty as consequences of the pandemic could have also played a major hand in the redemption pressure for debt schemes.

Join Now: PersonalFN is now on Telegram. Join FREE Today to get 'Daily Wealth Letter' and Exclusive Updates on Mutual Funds

FII have been redeeming investments heavily in equity and debt segment ever since WHO declared COVID-19 a pandemic. In March, FIIs pulled out Rs 60,375 crore from the debt market.

High redemption and lack of buying interest has made debt mutual fund schemes vulnerable, especially those with higher exposure to low rated instruments.

This instability has claimed its first casualty in debt mutual funds...

Franklin Templeton Mutual Fund (FTMF) has decided to wind down six of its debt schemes with effect from April 23, 2020 due to COVID-19 related market dislocation. This is something that is unheard of in the mutual fund industry and has perplexed many investors and advisors.

The schemes that are wound up are:

• Franklin India Low Duration Fund
• Franklin India Dynamic Accrual Fund
• Franklin India Credit Risk Fund
• Franklin India Short Term Income Plan
• Franklin India Ultra Short Bond Fund
• Franklin India Income Opportunities Fund

Together these schemes have an AUM of 30,854 crore as on March 31, 2020. Notably, these are the very schemes which in the past had to create segregated portfolio for its exposure to downgraded papers of Vodafone Idea and Yes Bank.

What led to the move?

According to a statement to investors from FTMF, "Despite several measures taken by the Reserve Bank of India (RBI), the liquidity in certain segments of the corporate bond markets has fallen-off dramatically and has remained low for an extended period. In this scenario, mutual funds are facing unprecedented liquidity challenges due to a variety of factors-rising redemption pressures due to heightened risk aversion, mark to market losses following a spike in yields and lower trading volumes in the bond markets. These factors have together caused a significant and worsening liquidity crunch for open-end mutual fund schemes investing in corporate credits across the credit rating spectrum."

The schemes had to resort to continuous borrowing to fund redemptions during this time, and were unable to repay the borrowings through sale of portfolio securities due to the prevailing market environment. The Investment manager did not believe it was prudent to continue funding redemptions through potentially increasing levels of borrowings.

-------------Advt.-----------

If you wish to invest in a readymade portfolio of top recommended equity mutual funds based on the 'Core & Satellite' approach to investing, I recommend that you subscribe to PersonalFN's Premium Report, "The Strategic Funds Portfolio For 2025 (2020 Edition)".

This premium report will help you build your optimum mutual funds portfolio for 2025 without any effort on your part. If you haven't subscribed yet, do it now!

--------------------------------

FTMF follows a high-risk high-return strategy for the above mentioned funds - Meaning a major part of its portfolio is exposed to lower rated securities (rating below AAA). The market disruption due to the virus outbreak has impacted these securities the most.

Under conditions of high redemption pressure, mutual funds sell their liquid assets to meet the demand, leaving the portfolio highly exposed to illiquid assets.

Thus, investors who choose to stay invested are at a disadvantage here.

Anticipating continued liquidity stress to the funds, the fund house thought winding up the scheme is the only viable option for the unitholders to minimize erosion of value.

Table: Details of schemes being wound up

What does it mean for investors of these schemes?

Investors of these schemes will not be able to purchase/redeem investment, switch to other schemes or do systematic transactions. In short their funds will be locked. The fund will not charge any management fees for the funds that are being wound up.

The fund house will rely on coupon payments, maturity value of underlying securities, and selling of securities at realisable value. While the fund house expects to realise most of the proceeds as per maturities, there may be some low rated securities that may even default on the due date. The fund house may create segregated portfolios for such securities and pay back as and when the money is realised.

It will be prudent to check the average maturity of portfolios of each fund and expect major repayment within that period.

What should investors in debt funds do?

Debt mutual fund Investors are not as confident, due to incidents of exposure to toxic papers in the past. This event could make them even more wary about their investment in debt schemes. As a consequence, there may be some panic selling in other debt schemes by investors worried about their funds getting locked.

However, instead of taking any hasty decisions, it would be a great idea to check your funds for the quality of assets it holds.

Choose a fund house that follows prudent investment process and stringent risk-management system. In these uncertain times, it would be wise sticking to liquid funds and overnight funds for the fixed-income part of your portfolio. Alternatively, if you prefer safety of capital, invest in Bank fixed deposits.

Our friends at Quantum Mutual Fund have highlighted the secret behind their debt management strategy which has helped them provide safety and liquidity to investors when it comes to investing in quantum funds. Don't Worry, Quantum Liquid Fund always aims for Safety and Liquidity

The way ahead...

While the fund house has done this to protect investors' interest, it has made the funds illiquid from the investors' point of view. Many investors may lose faith in debt funds for their short-term goals.

Going further, investors may have to consider liquidity risk due to AMC action, while investing in any high credit risk oriented debt funds.

It is time for the regulator to step up and clarify the illiquidity part for other debt schemes out there to investors. Moreover, it needs to provide a framework of strict guidelines to restrict fund managers from putting investors' hard-earned money at risk by exposing them to low rated securities for higher yield.

Meanwhile, AMFI has assured investors that a majority of the fixed income fund assets is invested in superior credit quality securities, and the schemes have appropriate liquidity to ensure normal operations. It further stated that the industry remains fully committed to the investors' interests and there is no need for them to panic and redeem investments.

Author: Divya Grover

This article first appeared on PersonalFN here.

Join Now: PersonalFN is now on Telegram. Join FREE Today to get 'Daily Wealth Letter' and Exclusive Updates on Mutual Funds

PersonalFN is a Mumbai based personal finance firm offering Financial Planning and Mutual Fund Research services.

Disclaimer:
The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.

New Delhi: Looking for destinations for the year 2018? Here are some reasons to why you should visit world¿s oldest and most popular natural health resort - the Dead Sea in Israel

• The Dead Sea is three million years old and the lowest point on earth at 1,388 ft below sea level.
• The lowest point on earth is also home to the lowest road on the planet, Highway 90 located 1,289 ft. below sea level on the Israeli shore.
• One of the saltiest water bodies on the planet, the Dead Sea has 10 times the salt concentration of ocean water creating the bucket list experience of floating on water.
• What if we told you that the Dead Sea isn¿t a sea at all but actually a hypersaline lake ranked as the world¿s deepest salt water lake.
• The world's first and most popular health resort, the Dead Sea was a favorite among royalty with the likes of King Herod the Great and Queen Cleopatra.
• The biggest free spa on earth, the Dead Sea region has been attracting visitors from all over the world. The mineral content in the water, mud and salt, the low content of pollen and other allergens along with low solar UV radiation, combined with the atmospheric pressure and the depth, have healing properties for various skin diseases, respiratory ailments and rheumatic pain. A unique occurrence at the Dead Sea is of large amounts of asphalt which rises to the surface of the water. Ancient Egyptians would import the asphalt from the Dead Sea region and used it to embalm mummies.
• Yes, the famous Dead Sea Scrolls were found here; hundreds of well preserved Biblical and non-biblical manuscripts that helped reshape historic views on religion.
• Evidence shows that the Dead Sea may dry up within 50 years so we recommend a quick visit in 2018!

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

Moshe Holtzberg praying with the Rabbi at Chabad House on Wednesday. Oren Rosenfeld, Israeli documentary maker, who flew with the family to Mumbai from Tel Aviv on Tuesday says the 11-year-old is aware of his past and what it represents. Pic Courtesy/Oren Rosenfeld

It's nearing 4.30 pm, and there's much activity at the Magen David Synagogue in Byculla. Carpets are being laid out and guests who will probably have to wait long are being offered tea and coffee. There's a lawn outside where - with the sun not at its shiniest best thanks to Mumbai's faux winter - a few tables and chairs have been laid out with white satin sheets that the brain registers as celebratory. In the midst of the activity, avoiding the scaffolds that still line the freshly painted blue walls of the 154-year-old synagogue, stands Devina Sankar, a Los Angeles resident who is in Mumbai on a three-week vacation. Looking into a Sony PXW-X70 handycam, she reminisces her school days spent next-door, where as a naughty student she'd often have her ears twisted. It elicits a sound of surprise from the man behind the camera, Oren Rosenfeld. An Israeli filmmaker, in India to document Mumbai's Jewish community, Rosenfeld is collecting several such accounts of the Jewish community's India experience.

In between interviews with his subjects, primarily Eddna Samuel (a Parel resident who Rosenfeld poetically calls the needle through which he will thread the narrative of his feature-length documentary), he points out that the synagogue, which is currently being prepped for the launch of a monthly magazine celebrating India-Israel ties and the Jewish community here titled, Namaste Shalom, is a Baghdadi-Jew synagogue. It's a community that most recall for its best-known Mumbai member, David Sassoon. "What's interesting here is that the Baghdadi Jews and Bene-Israelis [Jewish settlers in India who trace their history to the Lost Tribes] have come together. There are certain prayers in Judaism that cannot be conducted if there are less than 10 men. So, to fulfill that requirement, the Bene-Israelis come over to Baghdadi synagogues to up numbers," he adds.

Rosenfeld meets Baby Moshe's uncle Moshe Holtzberg at the Nariman Point home of common friend Suril Desai, also executive producer of the Mumbai Jews documentary. Moshe Senior, a Rabbi, lives in New York, and has flown in for the three-day visit of the family to Chabad House which he worked to ensure was not shut down. Rosenfeld says that while members of the Chabad House usually don’t mingle with other Jewish communities, the 26/11 attacks changed that in Mumbai, achieving the opposite. Pics/Atul Kamble

The timing of the magazine's launch, admits Rosenfeld, couldn't have been better. While the media seems to have almost given this a miss, just a few kilometres away Prime Ministers Narendra Modi and Benjamin Netanyahu are setting the stage for better economic and strategic ties between the two countries at Colaba's Hotel Taj Mahal Palace. "But, I don't think they planned it that way."

Almost as if answering a question unasked, Rosenfeld, who runs the Jerusalem-based Holy Land Productions and has worked on projects for the BBC and National Geographic, says "I don't need to be there [i.e. Colaba]. I already have great shots from yesterday." What Rosenfeld refers to is the almost exclusive access he enjoyed as a journalist to Baby Moshe, 11, whose parents Rabbi Gavriel Holtzberg and Rivka Holtzberg were killed during the terror attacks at Chabad House on November 26, 2008. Baby Moshe (referred to as such because he shares his first name with his uncle) made his first visit to Mumbai post 26/11 on Tuesday amidst much media frenzy. Rosenfeld was invited by the Holtzberg family (Gavriel and Rivka's parents) to travel with them on the flight from Tel Aviv to Mumbai last week, and later Baby Moshe's first steps into Nariman House after the time his parents were killed along with four others.

Devina Sankar, a Los Angeles resident in Mumbai on a three-week vacation, speaks to Rosenfeld outside the Magen David Synagogue in Byculla where the Namaste Shalom magazine was launched on Thursday. Pic/Sayyed Sameer Abedi

On putting the boy through this, Rosenfeld says, "Baby Moshe always has his four grandparents around him. Plus, there's a psychologist who travels with him. He is showing signs of awareness of his past." Rosenfeld, who has a young son the same age as Moshe, says, "In Judaisim, a boy is said to become an adult at the age of 13, which is when the Bar Mitzvah is held. Moshe is almost that age now."

Initially, shy, Baby Moshe soon became comfortable with Rosenfeld's presence. A photograph the filmmaker picks from his iOS gallery is of the child standing before a luggage conveyor belt at Mumbai T2 alone. "He stepped away from his grandparents and waited at the carousel to pick up his heavy bag," he says, about a symbolic scene.

Chabad House, says the 41-year-old filmmaker, across the world has represented a community that has stood away from local communities. "They are more traditional and have stricter kosher rules." What the Mumbai attacks did, however, was to bring all of the city's Jews together. "On Tuesday, at a local Jewish community event, Moshe's grandparents were invited to speak. This [members of a Chabad House mingling] doesn't happen anywhere. If the idea of the terror attack was to shake the community, it did the opposite. It only made them stronger."

Yet, this might only inform a small part of the documentary. Had it not been for the connection between the communities forged after the attacks, the two would have been separate entities. What he is looking for is a Mumbai Jew's life in the city. "In Israel you have a lot of Jews who have come from different countries. However, the ones from India still share a deep connect with the country. They are in touch with their families and return here for vacations."

The travel back and forth is important. Samuel, when the camera is turned away from her, expresses how a multi-entry visa would help everyone. But that's for the PMs' ears. For Rosenfeld's camera, she talks about the excitement of seeing an article, on her life and her community, appearing in Namaste Shalom. And, when that's done, Rosenfeld disappears into the sidelines and records the rest of the evening. A coffee he was drinking is hastily put to rest on the floor as a BJP dignitary he probably doesn't recognise makes a late entry.

Catch up on all the latest Mumbai news, current affairs from Mumbai, local news, crime news and breaking headlines here

Download the new mid-day Android and iOS apps to get updates on all the latest and trending stories on the go

Israeli Defence Minister Naftali Bennett on Monday said he witnessed a "significant breakthrough" by the country's biological research institute in developing an antibody to COVID-19 infection. Bennett visited the labs of the Israel Institute for Biological Research (IIBR), a secretive unit that works under the Prime Minister's Office, in Ness Ziona and was briefed by the research team, who revealed that the development phase of COVID-19 antibody or passive vaccine that attacks the virus and neutralizes it in the body has been complete, his office said in a statement cited by The Jerusalem Post.

IIBR is now working to patent its antibody and secure a contract for its commercial development. All legal procedures will be coordinated with the Defence Ministry. "I am proud of the Biological Institute staff, who have made a major breakthrough," Bennett was quoted as saying. "The Jewish creativity and ingenuity brought about this amazing achievement," he added.

Last month, IIBR announced that it had begun testing its antibody-based vaccine prototype on rodents. IIBR is also involved in plasma collection from people who have recovered from infection with the new coronavirus, in the hope that this might help research, the Post reported further.

A second Israeli research team, MigVax, has also reported that it is close to completing the first phase of development of a coronavirus vaccine. Last week, it secured a USD 12 million investment from OurCrowd to accelerate the path to clinical trials.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

According to figures declared by the Pharmaceutical Export Promotion Council of India (Pharmexcil), pharmaceutical exports registered a growth of 11.21 percent during the first quarter of FY20

Canada and Israel have signed a modernized free trade agreement.

Highlights : A way to utilize existing chemotherapy in a more efficient manner in treating pancreat

Stress slows our ability to develop plans by preventing us from being able to make decisions based on memory. "We draw on memory not just to project

The molecular mechanisms that trigger metabolic imbalance between the two distinct but linked processes have been discovered by scientists. The new finding

Disruptive innovation is redefining markets around the world and the Latin American and Caribbean region is no exception. In the run-up to the Latin American and Caribbean Competition Forum in Mexico-City on 12-13 April 2016, this article looks at the competition enforcement challenges and advocacy opportunities around disruptive innovations in the region.

Disruptive innovations are beginning to transform legal services and the manner in which they are delivered. Competition authorities can play a role in advocating for regulatory systems that reflect current market realities and ensure market access for pro-competitive disruptive innovations.

This report explores the impact of innovative technologies on the electricity sector and examines priorities for regulatory policies that governments will need to put in place to negotiate the energy transition to a zero-carbon economy.

Israel signed today the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, making it the 91st jurisdiction to join the world’s leading instrument for boosting transparency and combating offshore tax evasion.

While the digital economy cannot be separated out from the rest of the economy, it is equally clear that some specific features of the digital economy may exacerbate the risks of base erosion and profit shifting for tax purposes–namely mobility (e.g. intangibles, business functions), reliance on data (and other forms of user input), network effects, and the spread of multi-sided business models.

Israel’s growing population and rising incomes have seen consumption increase substantially, bringing with it considerable pressure on the environment. One of the main environmental pressures is from the ever-increasing transport activity, especially the use of private vehicles. Although travelling in a private vehicle brings benefits to the individual using it, this entails costs to society as a whole.

Weapons Sales in Israel decreased to 707 USD Million in 2018 from 1254 USD Million in 2017. Weapons Sales in Israel averaged 295.85 USD Million from 1954 until 2018, reaching an all time high of 1441 USD Million in 2016 and a record low of 4 USD Million in 1957. Weapons Sales are presented as a Trend-Indicator Value based on the known unit production costs of a core set of weapons such as aircraft, air defence systems, anti-submarine warfare weapons, armoured vehicles, artillery, engines, missiles, sensors, satellites, ships and others. The indicator aims to represent the transfer value of military resources rather than the financial value of the transfer.

The OECD Working Group on Bribery will release a review of Israel’s efforts to fight foreign bribery on Wednesday 24 June 2015 at 11.00 CET.

Israel is not sufficiently proactive in detecting and investigating foreign bribery, with no prosecutions over the past 7 years, despite 14 allegations of foreign bribery involving Israeli individuals or companies. The OECD Working Group on Bribery is, however, encouraged by the recently-opened investigations, and will pay close attention to how these evolve.

An overview of the long-term care situation in Israel is available here.

Israel has world class-primary care services and should now focus efforts on bringing its hospitals up to the same high international standards, according to the OECD’s Health Care Quality Review of Israel.

Israel has built a universal health system at relatively low-cost. Health spending was 7.5% of GDP in 2013, below the OECD average of 8.9% although the health spending share of GDP has been increasing rapidly, particularly in recent years. Israel has developed a sophisticated programme to monitor quality of primary care.

Exports to Israel in Turkey increased to 389.46 USD Million in March from 375.65 USD Million in February of 2020. Exports to Israel in Turkey averaged 286.23 USD Million from 2014 until 2020, reaching an all time high of 453.15 USD Million in March of 2019 and a record low of 175.77 USD Million in January of 2015. This page includes a chart with historical data for Turkey Exports to Israel.

Imports from Israel in Turkey increased to 130840.11 USD THO in March from 119346.78 USD THO in February of 2020. Imports from Israel in Turkey averaged 145487.95 USD THO from 2014 until 2020, reaching an all time high of 310542 USD THO in May of 2014 and a record low of 88632.64 USD THO in March of 2016. This page includes a chart with historical data for Turkey Imports from Israel.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.

Israel’s economy is in good shape, but further efforts are needed to fight poverty and close the gap in living standards with other leading nations, according to the OECD’s latest Economic Survey of Israel.

Israelis enjoy higher life expectancy and have a much younger demographic profile than most OECD countries. However, the demand for health care is expanding rapidly due to population growth and ageing.

Israel’s economy has strong fundamentals, but the country needs to address productivity, inequality and poverty if it wants to improve well-being and reduce socio-economic divides, according to the OECD’s latest Economic Survey of Israel.

Promoting competition to enhance productivity at the firm level and resulting income and growth improvement and a lower cost of living is an important economic and social challenge in Israel.

Israel is a young country with still dynamic population growth, but it is already beginning to face the consequences of population ageing.

Israel disability pension note July 2017

The Israeli economy continues to register remarkable performance, with strong growth, low and falling unemployment and sound public finances leading to the 15th consecutive year of economic expansion. Further reforms will be needed to drive down inequality and raise living standards for all Israelis, according to a new report from the OECD.

Israel’s economy continues to register remarkable macroeconomic and fiscal performance. Growth is strong and unemployment low and falling. With low interest rates and price stability, financial policy is prudent, and public debt is comparatively low and declining.

Today’s excellent outlook offers Israel a unique opportunity to prepare for the challenges of the future which require stronger social cohesion. Israeli society is indeed marked by large inequalities.

Inequality and relative poverty in Israel remain high, particularly among Arab-Israelis and Haredim (Ultra-Orthodox).x

Rapid technological change – from digitalisation to artificial intelligence, 3D printing and nanomaterials – is transforming the way goods and services are produced and consumed. It will have profound implications for the dynamics of productivity, jobs, investment and trade over the next 10 to 15 years.

Ensuring tax and transfer systems bring sufficient revenue to reach macroeconomic fiscal targets, address societal goals in re-distribution and social welfare, recognise the influence taxation has on businesses’ competitiveness and adequately address environmental externalities is a tough challenge, arguably more so in Israel than in many other OECD countries.

Loans To Private Sector in Israel increased to 607.34 ILS Billion in May from 605.56 ILS Billion in April of 2018. Loans To Private Sector in Israel averaged 476.45 ILS Billion from 1999 until 2018, reaching an all time high of 607.34 ILS Billion in May of 2018 and a record low of 273.94 ILS Billion in December of 1999. This page provides - Israel Loans To Private Sector- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Israel 10Y Bond Yield was 0.87 percent on Thursday May 7, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Israel Government Bond 10Y reached an all time high of 12.40 in October of 2002. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Israel recorded a Government Budget deficit equal to 3.70 percent of the country's Gross Domestic Product in 2019. Government Budget in Israel averaged -5.28 percent of GDP from 1980 until 2019, reaching an all time high of 2.70 percent of GDP in 1986 and a record low of -16.10 percent of GDP in 1981. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Israel Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Israel recorded a government debt equivalent to 60 percent of the country's Gross Domestic Product in 2019. Government Debt to GDP in Israel averaged 77.05 percent from 1996 until 2019, reaching an all time high of 96 percent in 1996 and a record low of 60 percent in 2019. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Israel Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.