Thursday, August 11th | 14 Av 5782

Subscribe
August 18, 2014 9:39 pm
0

Haifa Considering Opening High-Tech Stock Market

avatar by JNS.org

The Tel Aviv Stock Exchange building.

JNS.orgThe mayor of Haifa is seeking to open a second Israeli stock exchange in his city, to focus on high-tech companies akin to the New York-based Nasdaq stock exchange.

“It would be something which is close to the Nasdaq,” Mayor Yona Yahav said, Reuters reported.

Yahav said he has written a request on the exchange to Israeli Finance Minister Yair Lapid.

Related coverage

August 11, 2022 8:26 am

Likud Knesset Slate Undergoes Overhaul Following Dramatic Primaries

JNS.org - The Likud primaries delivered dramatic results on Thursday, shaking up the party’s Knesset slate and pushing long-serving lawmakers...

Haifa, which is Israel’s third-largest city and its largest port, is home to research centers for several international tech giants including Intel, IBM, Google, Apple, Yahoo, and Microsoft.

The Haifa proposal comes as Israel’s main stock exchange, the Tel Aviv Stock Exchange (TASE), has been struggling in recent years. Many Israeli tech companies have bypassed the TASE in favor of listing directly in the New York Stock Exchange.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

Algemeiner.com

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.