Israel’s Magal pushes for Mexico wall deal as Donald Trump buoys shares - News Summed Up

Israel’s Magal pushes for Mexico wall deal as Donald Trump buoys shares


Photo: BloombergTel Aviv: Israeli security company Magal Security Systems Ltd is making a push to help build US President Donald Trump’s Mexico wall, after he praised Israel’s success in boosting security by fencing off its frontiers. Shares of Yehud, Israel-based Magal Security Systems jumped 5.6% on 27 January, the day after Trump told Fox News a security barrier could almost completely stop border breaches. The company has also helped build a fence along Israel’s border with Egypt, which Prime Minister Benjamin Netanyahu presented on Saturday as an example for Trump’s Mexico border wall. “I built a wall along Israel’s southern border. ALSO READ | Donald Trump’s Mexico border wall will be bad for Earth, scientists warnNetanyahu was referring to Israel’s “specific security experience which we are willing to share,” Israeli foreign ministry spokesman Emmanuel Nahshon said later on Twitter.


Source: Mint January 29, 2017 15:07 UTC



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