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Fischer casting vote nixed 0.5 rate cut
Bank of Israel Prof. Stanley Fischer cast the deciding vote in the Monetary Committee's meeting last week, which decided on an extraordinary mid-month interest rate cut. Three committee members wanted a 25-basis point cut, and three members wanted a 50-basis point cut. Under the Bank of Israel Law, in case of a tie vote, the committee chairperson (the Bank of Israel Governor) has an ...
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Bezeq raises NIS 870m in debt
BEZQ ) today raised NIS 870 million in debt, by expanding two current bonds, just two days after announcing its intention to do so. The company planned to raise NIS 600 million, but increased the amount when the offering was over-subscribed two fold, at NIS 1.2 billion. Bezeq expanded its Series 6 Consumer Price Index (CPI) linked bond, which matures in 2018, by NIS 680 million. The bond bears ...
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Iran and Hezbollah propping up Syria UK Foreign Secretary William Hague
British Foreign Secretary William Hague waves during a press conference in Amman on May 22 (AFP) Iran and its Shiite Lebanese ally Hezbollah are "propping up" President Bashar al-Assad and giving him increasing support, British Foreign Secretary William Hague said on Wednesday.Speaking before a meeting of the Friends of Syria alliance in the Jordanian capital, Hague said Britain would ...
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Israels Azrieli to buy land from Yedioth for $101 mln
TEL AVIV | Wed May 22, 2013 8:33am EDT TEL AVIV May 22 (Reuters) - Real estate developer Azrieli Group agreed to pay 374 million shekels ($101 million) to purchase land from the Yedioth Ahronoth newspaper group that is adjacent to the Azrieli shopping centre and business complex in Tel Aviv. The lot, on an area of 8,400 square metres, is occupied by Yedioth Ahronoth House, which is ...
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PM Netanyahu Meets with German FM Westerwelle
PM Netanyahu Meets with German Foreign Minister Westerwelle (Communicated by the Prime Minister's Media Adviser) Prime Minister Benjamin Netanyahu, today (Friday, 17 May 2013), in Jerusalem, met with German Foreign Minister Dr. Guido Westrwelle. Prime Minister Netanyahu said at the start of the meeting: "It is always a pleasure to host you here in Jerusalem. You are a friend of ...
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National Insurance Leads in Public Complaints
The state ombudsman has released a report on complaints received by the government in 2012. A record 15,123 complaints were filed over the course of the year, two percent more than in 2011. The Bituach Leumi (National Insurance Institute) was in the lead, with 1,393 complaints filed against it over the course of the year. However, only a small percent of those complaints were found to have been ...
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Electric Company PA Residents Not Forced to Pay
MK Orit Struk challenged Electric Corporation Director Yiftach Ron-Tal during a meeting of the Knesset’s Economics Committee on Wednesday. Struk asked Ron-Tal why the Electric Corporation does not cut off Palestinian Authority households that do not pay for electricity as it does for Israelis. Many PA residents do not pay their electric bills. The Electric Corporation is owed a total of ...
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Seven Abducted Security Personnel in Sinai Released
The seven Egyptian security personnel who were abducted by suspected Islamic fundamentalists in Sinai have been released and are on their way to Cairo, an Egyptian army spokesman confirmed on Wednesday. "The seven kidnapped Egyptian soldiers are on their way to Cairo after their release thanks to the efforts of the Egyptian military intelligence in coordination with the elders of the ...
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NJ Designated Palestinian Day Hoists Flag Over City Hall
The mayor of Paterson, New Jersey, had designated Sunday, May 19 as "Palestinian-American Day" in the city, as he hoisted a Palestinian flag hoisted over City Hall. The occasion might mark first time that the Palestinian flag has flown above any American city ...
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Ladbrokes moves UK jobs to Israel following Playtech deal
UK gambling giant Ladbrokes plc (LSE: LAD) is laying off as many as 100 employees involved in digital operations in Britain. "A number of key tasks" will be transferred to its newly opened Tel Aviv offices, the company said. Ladbrokes Israel office began operating on May 1 following a partnership agreement with gambling software ...
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Maariv to close printing house
The workforce at "Ma'ariv's" printing house has fallen to 60 employees from the 110 employees it had when Ben-Tzvi took over the newspaper seven months ...
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Ultra-orthodox Jewish wedding in Israel - in pictures
Tens of thousands of Ultra-Orthodox Jews of the Belz Hasidic dynasty gather at the wedding ceremony of Rabbi Shalom Rokach in Kiryat Belz, in Jerusalem. Around 25,000 ultra-orthodox Jews took part, making it one of the biggest weddings of the past few ...
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Police fired into room where Alon held hostage
Police fired into the bathroom where Beersheba gunman Itamar Alon was holed up with a hostage on Monday, a decision that was unjustified, Southern District Police Commander Yoram Halevy said Wednesday.During a special meeting of the Knesset's Interior and Environmental protection committee held to examine the circumstances of ...
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Police to probe officers conduct in Beduin murder
The National Police headquarters opened an investigation against Negev sub-district police on Wednesday, after it emerged that officers from the Arad police station had received a complaint from the mother of two young Beduin girls 24 hours before they were found murdered in the village of Al Fura.Police said the woman told officers that she feared that the girls' father - from whom she is ...
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Ex-Security Chief Don’t Rush to Take Our Guns
domestic murders committed by off-duty security guards. The murder of four people in a Be’er Sheva bank this week spurred further calls for increased gun control. That would be a mistake, says former chief of IDF Internal Security Gershon Eckstein. "I don’t recommend getting worked up and coming up with all kinds of proposals to reduce gun ownership and collect weapons in the ...
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Prizes to Samaria Golan Wineries at International Event
Israeli wineries in the Golan region and in Samaria (Shomron) are among the winners of the 2013 DECANTER competition for wines. A record 14,362 wines from 52 countries were entered in the event. Two Israeli wineries won coveted Regional Trophies. The Adir Winery in the Galilee and the Yarden Golan Heights Winery in the Golan both took a Regional prize. Another winery that did well for itself ...
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Jump in number of restricted bank accounts
Bank of Israel figures. The main reason for the increase was the extension of the defining of a restricted account, made in 2010, to include customers who have bailiff's orders against them, whom the courts have declared bankrupt, and men whom the rabbinical courts declare as refusing to grant divorces to their wives under religious law. The number of restricted bank accounts and the number ...
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Kamada to raise $69m on Nasdaq next week
KMDA ) plans to raise up to $69 million on Nasdaq next week, following the IPO by Alcobra Pharmaceuticals Ltd. on Tuesday. The capital that Kamada plans to raise will be at a company value roughly equal to its current market cap of $331 million on the Tel Aviv Stock Exchange (TASE). The underwriters, Morgan Stanley (NYSE: MS) and Jeffries & Co. have an over-allotment offer to buy up to an ...
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Global Forum for Combating Antisemitism – 4th International Conference
22 May 2013 The Ministry of Foreign Affairs and The Ministry for Jerusalem and Diaspora Affairs, join forces with many organizations, states and individuals, in the fight against Antisemitism in all its manifestations. The Ministry of Foreign Affairs and the Ministry for Jerusalem and Diaspora Affairs will hold the 4th International Conference of the Global Forum for Combating Antisemitism, to ...
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SNC urges world to stop Hezbollah Iran invasion of Qusair
Iran invasion of Qusair.In a statement, Acting SNC chief George Sabra called on the U.N. Security Council to convene an emergency meeting to address the "violations" of Syrian's sovereignty and the lives of its ...
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Israel Reinstates Gaza Fishing Zone
JERUSALEM, Israel -- Israel eased restrictions on the Gaza Strip by allowing Palestinian Arab fisherman to fish further off the coast, the government announced. The Israeli navy monitors the waters off the Gaza coast to prevent terror elements from using fishing boats to smuggle weapons or other contraband to Hamas Islamists ruling the Strip. Israel has kept particularly tight control over the ...
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Commentary Israel Crises 360 degrees
John Kerry , on his fourth visit to the Middle East in two months, is chasing the brass ring of an Israeli-Palestinian agreement for the creation of an independent Palestinian state. Kerry's single most important foreign policy goal is solving the Israeli-Palestinian conflict that dates to the 1967 Six Day War, when Israel conquered the West Bank from Jordan ...
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Comptroller report flags neglect of Holocaust survivors
State Comptroller publishes annual report on public complaints; focus on mistreatment of Holocaust survivors, special education students, general increase in volume of ...
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US VP Biden lauds Jewish drive for gay rights
US Vice President Joe Biden on Tuesday night lauded the influence of Judaism on the United States, specifically mentioning the efforts of Jews on gay rights issues, according a report on the Politico website."The truth is that Jewish heritage, Jewish culture, Jewish values are such an essential part of who we are that it's fair to say that Jewish heritage is American heritage," ...
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Report Kerry Meets With Marmara Martyr in Washington
Secretary of State John Kerry met with the father of one of the "martyrs" killed during the Mavi Marmara flotilla incident, according to a report in ...
Israel Focus
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Biggest construction project in Israeli history
The Port of Ashdod is the gateway to the economy of Israel, it has played a central role in the development of the state and will play a central role in future development, hence the reason for an ambitious $500 million expansion project currently underway in two stages (in the picture, green represents stage 1 and brown stage 2).
The Port of Ashdod is currently undergoing the largest construction project ever undertaken in the history of Israel. In 1999, Israel news media reported that the government wanted to double the cargo capacity of Ashdod, an ambitious construction project was therefore envisioned, involving the building of new piers, new docks, warehouses and cargo handling equipment. It was to take place in two stages, with the total project costing around $500 million. Read more
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