Tel Aviv, Isreal

Tel Aviv has been described as a “flourishing technological center” by Newsweek and a “miniature Los Angeles” by The Economist. In 1998, the city was described by Newsweek as one of the 10 most technologically influential cities in the world. Since then, high-tech industry in the Tel Aviv area has continued to develop. The Tel Aviv metropolitan area (including satellite cities such as Herzliya andPetah Tikva) is Israel’s center of high-tech, sometimes referred to as Silicon Wadi. Tel Aviv is home to the Tel Aviv Stock Exchange (TASE), Israel’s only stock exchange, which has reached record heights since the 1990s. The Tel Aviv Stock exchange has also gained attention for its resilience and ability to recover from war and disasters. For example, the Tel Aviv Stock Exchange was higher on the last day of both the 2006 Lebanon war and the 2009 Operation in Gaza than on the first day of fighting. Many international venture-capital firms, scientific research institutes and high-tech companies are headquartered in the city. Industries in Tel Aviv include chemical processing, textile plants and food manufacturers.