Tel Aviv is Israel’s commercial and cultural capital. In recent years it has cultivated its reputation as one of the Middle East’s most cutting-edge cosmopolitan centers. The main anchor for Tel Aviv’s modernity is Yafo, which is frequently referred to as the oldest functioning port city in the world.
Tel Aviv has become one of the world’s foremost entrepreneurial hot spots. Israel has more high-tech start-ups per capita than any other nation on earth; it leads the world in civilian research-and-development spending per capita. The country ranks second behind the U.S. in the number of companies listed on the Nasdaq and, Israel, with seven million people, attracts as much venture capital as France and Germany combined.