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Bank Leumi, Ami Mesika & Yechiel Lichtenstein Invest in Israel

Bank Leumi recently launched the Leumi Business Fund, with funding up to 3 Billion shekels. Entrepreneurs, including Ami Mesika and Yechiel Lichtensteinhave also invested in Israel recently. The fund is fully owned by Leumi, with no government guarantees. The Fund is intended for business owners, who are customers of all bank: it grants loans on […]

Premier NY/Israel Bank Leases New Space on 5th Avenue

Bank Leumi USA is moving their New York headquarters to 579 Fifth Avenue from Lexington Avenue.  The bank recently inked a signed a 20-year, 60,000-square-foot lease and is taking the second, third, fifth, sixth and seventh floors of the property. Bank Leumi USA focuses on lending to Israeli real estate players like Ron Hershco (and […]

Bank Mizrahi Tefahot Names New Chairman

Bank Mizrahi Tefahot Names New Chairman

Bank Mizrahi Tefahot, Israel’s fourth largest bank, just named Moshe Vidman as its new chairman. Mr. Vidman was already a director at the bank. He replaces acting chairman Moshe Wertheim. Bank Mizrahi Tefahot had been operating under an acting chairman for roughly a month in the wake of former chairman Jacob Perry’s resignation. Mr. Perry […]

Haim Saban Seems to be Angling for Control of Partner Communications

Haim Saban Seems to be Angling for Control of Partner Communications

Israeli-American businessman Haim Saban is mostly known by the public for his media empire, including such hit shows as Power Rangers and a variety of family friendly television movies. However, it now seems Saban is making a strong play for control of Partner Communications, a global telecommunications company that operates under the brand name “Orange.” […]

Israeli Start Up Culture Getting Hot Again

Israeli Start Up Culture Getting Hot Again

A new report issued by the Israel Advanced Technologies Industries (IATI) trade association shows that the number of Israeli start ups has increased greatly in the second quarter of 2012 when compared with the rate of the previous two quarters. The report documented 199 new start ups in the second quarter of 2012 alone, well […]

French Investor Xavier “My Way” Niel Targets Israeli Telecoms

French Investor Xavier “My Way” Niel Targets Israeli Telecoms

Facing the imminent invasion of Israel by French entrepreneur Xavier Niel, stock analysts are expecting Israel’s leading telecom companies to take another financial punch in the gut. Tel Aviv’s TA-25 Index shows that telecoms are the worst performers so far this year. Niel, known for offering dirt-cheap mobile subscriptions to consumers in Europe, could reshuffle […]