A Guide to the Business World of Israel
Israelis have their own rules to do everything in life, this concept is also present in their business protocol. Israelis believe that a successful business deal can only happen with connections and communication, and often include negotiations. Also a good trick to completing a deal with an Israeli is to sit and present yourself in a formal meeting, using brochures, business cards, and making your deal firm and final (Israelis like people who show initiative and control). The best etiquette for conducting a business deal with Israel is to have a meeting at the normal daily mealtime, serve traditional Israeli foods, toast, and go to a social location.
Although Israel is only about the size of New Jersey, Israel exports and imports many things. Israel exports farm products, such as olive oil, wine, and grains. Also Israel imports raw materials such as tin, lead, silver, copper, iron, gold, and timber. Also some of Israel’s natural resources include timber, potash, copper ore, natural gas, phosphate rock, magnesium bromide, clays, and sand.
The currency in Israel is in Sheqels and its about 3.388826 sheqels per American dollar. Also in order to create a good impression on the Israeli people, you should know their dining customs, such as eating later, and the best time to have a meeting over a meal is lunch time. Additionally, it is helpful to know that the Israeli people are a social group of people but are also very stubborn and fixed on their ways. Israelis normally have a short temper and want to close deals as soon as possible.
Also here is a list of helpful Israeli body language which will assist you in closing a deal. A hand out in a pinched formation means hold on a second, I am busy, or shut up, and both hands in front pinched means I am saying something very important so pay attention. Lastly, a hand to the side of the head followed by a twist of the hand means you are wrong.
Lastly, the Israeli national anthem is the Hatikva and their flag is blue and white with two blue stripes and a Jewish star in the middle.
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