Jerusalem Report

Political Business

Investors in the Tel Aviv Stock Exchange fear severe losses if diplomatic ties with Turkey do not improve.

Tel Aviv Stock Exchange.
Photo by: GIL COHEN MAGEN / REUTERS
More than four billion dollars a year.

That was the figure that investors in the Tel Aviv Stock Exchange feared was about to evaporate on September 7 when Turkish Prime Minister Recep Tayyip Erdogan announced that Ankara was suspending trade ties between Turkey and Israel, and the predictable response was a sharp drop in share values.

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