In one of the stores lining Tel Aviv's Downtown Square, a pair of Miu Miu pumps adorned with raspberry and pink paillettes are half off at 900 New Israeli Shekels (about $215). Kikar Hamedina, as the "square" is called in Hebrew, is actually a circle, the largest, most elegant roundabout in the city. It's ringed with designer boutiques both foreign and Israeli—Gucci, Gaultier, Helmut Lang—and coffee bars peddling $5 iced cappuccinos; the center is adorned with flowering shrubs and a large fountain.... More >>>