The company, which is controlled by billionaire Lev Leviev, recorded quarterly net profit of 215 million shekels ($55.6 million) or 4.42 shekels per share diluted compared with 118 million shekels or 2.09 shekels per share diluted a year earlier.
Africa Israel's revenue in the quarter rose to 2.23 billion shekels from 1.23 billion shekels.
Monday, November 26, 2007
Tuesday, November 20, 2007
More crooked dealings in real estate market
Hanan Schlesinger, CEO of Anglo-Saxon, said that his real estate agency chain has a full electronic reporting system to record all deals and a fierce internal accounting system, making it virtually impossible for agents to engage in any black market activity.
"I believe that black market activity occurs mainly among privately-owned and small real estate brokers and less among real estate agency chains, but I don't believe that the black market figure, which is difficult to measure, is that high," he said.
"I believe that black market activity occurs mainly among privately-owned and small real estate brokers and less among real estate agency chains, but I don't believe that the black market figure, which is difficult to measure, is that high," he said.
Thursday, November 15, 2007
Your Real Estate expenses Guide for buying a Home in Israel
This guide will walk you through the various expenses associated with a real estate transaction in Israel.
Whether you are looking to buy or sell a property in Israel, it will help you plan ahead and make sure you are on top of the game. It is built in a Q&A format for your convenience.
What Is the Purchase Tax?
Whether you are looking to buy or sell a property in Israel, it will help you plan ahead and make sure you are on top of the game. It is built in a Q&A format for your convenience.
What Is the Purchase Tax?
Saturday, November 10, 2007
Jerusalem Real-Estate Stories, Part 1
When I am in Israel, a large percentage of my stay goes into assessing the real-estate market and trends going on there. I decided to use at least a few articles to share with you some of the interesting stuff going on there.
Since many of us do visit at least once a year, you may recognize some of these trends and say, “Yeah, I noticed that, too!” But for the rest, maybe you will hear something new or something nostalgic that will make Israel seem all that much closer to you here.
Since many of us do visit at least once a year, you may recognize some of these trends and say, “Yeah, I noticed that, too!” But for the rest, maybe you will hear something new or something nostalgic that will make Israel seem all that much closer to you here.
Monday, November 05, 2007
Israel joins U.S. probe of Gilad Sharon over alleged $1.8M fraud
Gilad Sharon allegedly received the money from the Canadian projects through two companies that he controled: Sycamore Ranch Ltd. and Lerner Manor Trusteeships.
The fraud squad on Sunday confirmed the existence of the investigation, but police sources said it is merely another link in a long chain of investigations into the financial dealings of the Sharon family.
The fraud squad on Sunday confirmed the existence of the investigation, but police sources said it is merely another link in a long chain of investigations into the financial dealings of the Sharon family.
Thursday, November 01, 2007
Delek Real Estate in talks to sell Israel unit
According to the negotiations, Delek unit Dankner Investments, which covers most of Delek's residential activity in Israel, would be sold to or merged with Kardan's real estate unit, Delek said in a statement to the Tel Aviv Stock Exchange.
The conditions of the deal have not yet been decided and there is no certainty the negotiations will lead to an agreement, Delek said.
The conditions of the deal have not yet been decided and there is no certainty the negotiations will lead to an agreement, Delek said.
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