Warnings of Capital Flight, Excessive Defense Budget in Israel: Implications for Economy, Gaza Conflict
News - Middle East: CEO of the Tel Aviv Stock Exchange, Itay Ben-Zeev, warned the Israeli occupation government of capital flight from the country, which could transform Israel from a wealthy state to a poor one.
Ben-Zeev emphasized the risk of Israel becoming impoverished due to capital leaving the country, stating, "A few years ago, it was said that the capital market is a place for the wealthy. If, in ten years, we wake up to find that the money has left the country, Israel will transition from wealth to poverty."
Similarly, Ilan Flato, CEO of the Federation of Public Companies, warned against excessive increases in the defense budget, particularly in light of the conflict in Gaza.
The Tel Aviv Stock Exchange serves as Israel's primary stock exchange, playing a vital role in the nation's economy by facilitating the trading of securities and providing a platform for companies to raise capital.
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