which modern israeli city is an important center of business
Economy of Israel Israeli scientists, engineers, and technicians have contributed to the modern advancement of the natural sciences, agricultural sciences, computer sciences, electronics, genetics, medicine, optics, solar energy and various fields of engineering. Israel is home to major corporate players in the high-tech industry and has one of the world's technologically most literate populations.[94] In 1998, Tel Aviv was named by Newsweek as one of the ten technologically most influential cities in the world.[95] In 2012, the city was also named one of the best places for high-tech startup companies, placed second behind its California counterpart.[96][97] In 2013, Tel Aviv repeated the feat where the American newspaper, Boston Globe ranked Tel Aviv as the second best city for business start-ups, after Silicon Valley[98] Israel has the largest number of startup companies globally, second only to the United States and remains one of the largest centers in the world for technology start-up enterprises.[19][14] 200 start-ups are created annually and more than 2500 start-up companies are operating throughout the country.[21][99]