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December 19, 2014 / 27 Kislev, 5775
 
At a Glance

Posts Tagged ‘Africa Israel’

Lev Leviev Ups the Ante on Angola Diamonds

Monday, June 23rd, 2014

Israeli real estate and international business magnate Lev Leviev, a major philanthropist in the Jewish world, is raising prices on the diamonds he mines in Angola.

Leviev reached an agreement with the Angolan government that allows him to sell the diamonds from his Luminas mine on the world market, according to Bloomberg News.

Up to now, he has sold the gems at a discount to targeted traders from China and Dubai, according to sources who requested anonymity. The sources added that the deal allows Leviev to raise his prices by as much as 50 percent.

There was no comment from Leviev’s Africa Israel Investments Inc., nor from any of his other firms. Angola is the fourth-largest diamond producing country in the world by value, according to Bloomberg.

Denmark Bank Boycott: All For Show

Sunday, February 2nd, 2014

The Danske bank of Denmark announced they plan to boycott Bank HoPoalim for its involvement in settlement construction.

They recently pulled their investments from Israeli real estate giants Africa-Israel and Danya Cebus.

It turns out that the Danish Embassy has an active bank account at Bank HaPoalim, and they have no intention of closing it down.

The Danish embassy said that the decision of Danske bank is a private one, and the government of Denmark has no say over their decisions.

It’s seems worthwhile to point out that Danske bank not only were not doing business with Bank HaPoalim prior to their announced “boycott”, but they don’t have any investments with any other Israeli bank either.

One might begin to suspect that settlements have nothing to do with their decision to not work with any Israeli banks.

Norway Orders Divestment from 2 Israeli Firms

Saturday, February 1st, 2014

Norway’s government instructed a state-run pension fund not to invest in two Israeli firms because of their activity in eastern Jerusalem.

The decision regarding the Government Pension Fund Global, or GPFG, appeared Thursday on the website of Norway’s finance ministry. It named two Israeli construction firms, Africa Israel Investments and Danya Cebus, as well as Sesa Sterlite, an Indian mining company it banned because of alleged environmental risks.

The companies had previously been excluded from GPFG, a $810 million pension fund, for settlement building in Judea and Samaria. The ban was lifted in August, but was reinstated because of the companies’ activities in eastern Jerusalem.

“On the 1st of November 2013, the Ministry of Finance received a recommendation from the Council of Ethics to exclude the companies Africa Israel Investments and Danya Cebus from the Fund due to contribution to serious violations of individual rights in war or conflict through the construction of settlements in East Jerusalem,” the announcement read.

In a statement to Reuters, Africa Israel said it abided by the laws of the countries where it operated.

“Africa Israel and its subsidiaries operate both in Israel and all over the globe promoting their business activities according to the legislation applicable in all countries where they operate,” its spokeswoman, Dalia Azar-Malimovka, told the news agency. “Therefore, we can only express regret over the decision regarding Africa Israel and other major Israeli companies.”

Norway’s Fund Reinstates Boycott of Israeli Firms Linked to Yesha

Thursday, January 30th, 2014

Norway has reinstated its 2010 boycott of two Israeli companies because their operations included activities in Judea and Samaria, The Wall Street Journal reported Thursday.

The Finance Ministry of Norway also said it secluded an Indian copper and metal producer due to “an unacceptable risk of serious environmental damage and serious violations of human rights.”

The Israeli firms that won’t be included in the government’s $812 billion fund are Africa Israel Investments Ltd., part of Lev Leviev’s empire, and Danya Cebus.

Norway said the companies contributed to “serious violations of individuals’ rights “because they are involved with building homes for Jews in parts of Jerusalem where Norway the United Nations considers them “illegal settlers.”

The fund had excluded both companies from 2010 until last August, when they were put back on the “okay” list after African Israel said it had no plans to build more homes in Judea and Samaria or areas in Jerusalem claimed by the Palestinian Authority.

However, Danya Cebus later confirmed it indeed was building in “eastern” Jerusalem

Printed from: http://www.jewishpress.com/news/breaking-news/norways-fund-reinstates-boycott-of-israeli-firms-linked-to-yesha/2014/01/30/

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