Dror Marmor

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Articles

Between Waze and Wiz Israel got lost

Jul 15, 2024 | globes.co.il | Assaf Rappaport |Dror Marmor

In June 2013 "The Wall Street Journal" published a major article about Google's intriguing "acquisition of Israeli traffic navigation app Waze." Israel was quite literally on the map. Israel's creativity and entrepreneurship that had already featured extensively in dozens of articles describing the unique ecosystem of the 'Start-Up Nation' was an integral part of the media coverage of the deal.
Central Tel Aviv lot fetches NIS 644m

May 6, 2024 | globes.co.il | Dror Marmor

The Israel Land Authority (ILA) auction for the Israel Military Industries (IMI) lot on Hashalom Street in central Tel Aviv has been won by Acro Real Estate (TASE: ACRO) and Kata Group with a bid of NIS 644 million plus NIS 67 million development costs. This amount is five times the minimum required bid of NIS 140 million but considerably less than the price the lot would have fetched in the era of zero interest rates.
Israel's emigration rate jumps as it learns to count

Feb 26, 2024 | en.globes.co.il | Dror Marmor

The Central Bureau of Statistics has decided that Israelis who pay short annual visits are not residents, lopping 150,000 off the population figures. Last week, Israel launched an expanded immigrant absorption (aliya) program.
Israel regressing to an underdeveloped country

Feb 19, 2024 | en.globes.co.il | Benjamin Netanyahu |Bezalel Smotrich |Dror Marmor

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Leumi's current account interest plan a mockery

Jun 13, 2023 | en.globes.co.il | Dror Marmor

This morning, Bank Leumi (TASE: LUMI) announced "a unique, ground-breaking consumer move". It would be more appropriate to call it a "mock the poor" campaign. From July, Leumi announced, private customers with current accounts will enjoy "a substantial benefit" - interest at an annual rate of 1% on credit balances in the account. How low is that? According to Bank of Israel figures, the interest rate that the bank demands from Israelis who take consumer loans from it averages a little over 10%.
Bank of Israel admits failure to tame inflation

Apr 3, 2023 | en.globes.co.il | Dror Marmor

Front > Comment > Dror Marmor In the announcement on its latest interest rate hike, the Bank of Israel acknowledges that it does not have the ability to control inflation. Today's Bank of Israel rate hike was forecast by most economists. The big surprise and the big concern was that the Bank of Israel admitted the limits that the interest rate can achieve and the problems of using the interest rate in the war against the cost of living.
A political Chief Statistician? Too scary to think about

Mar 15, 2023 | en.globes.co.il | Dror Marmor

Front > Comment > Dror Marmor Netanyahu's attempt to appoint a crony to head the Central Bureau of Statistics threatens to sap confidence in the economy. The clichs about the distortions and even falsehoods that the science of statistics can invent are as old and worn as the numbers themselves.