Two shareholders in an Israeli bank decided to get rid of their shares. Perhaps they are starting to realise that investing in Israel is a “no-go” for economic prosperity!
Israel Discount Bank top shareholder group cuts stake further
TEL AVIV, April 8 Tue Apr 8, 2014 12:38pm IST
The two largest shareholders in Israel Discount Bank, the country’s No. 3 bank, agreed to sell a 3.63 percent stake to Citigroup Global Markets for a total of 235.68 million shekels ($67.59 million).
The 38.28 million shares are due to be transferred on Tuesday, the bank said in a statement to the Tel Aviv Stock Exchange. The price of 6.157 shekels a share is a discount to Monday’s closing price of 6.65 shekels.
U.S.-Canadian businessman Matthew Bronfman and New York real estate investor Rubin Schron, who bought a controlling 25 percent holding from the government in 2005, began reducing their stake in December, when they sold 7 percent to institutional investors for 493 million shekels.
The US Secretary of State John Kerry has cancelled his trip to the Middle East after a surprise bid by the Palestinian President for further UN recognition. Mahmoud Abbas signed a request to join several UN agencies and expressed his anger at Israel’s delay in prisoner releases.
From The Electronic Intifada:
The immense cruelty of Ariel Sharon
Submitted by David Cronin on Thu, 01/09/2014 – 21:28
If it wasn’t for a brief encounter with Ariel Sharon, I may never have become a Palestine solidarity activist.
It was towards the end of 2001. I was among a number of reporters accompanying a European Union “peace mission” to the Middle East. On a Sunday afternoon, we waited for Sharon, then Israel’s prime minister, to give a press conference in Jerusalem’s King David Hotel.
When Sharon eventually appeared, I was struck by how venomous he was. My memory has — naturally enough — faded a little in the interim. But I’m fairly sure that there was a smirk on his face as he spoke of how Palestinians sometimes blew themselves up.
The gist of his lengthy monologue was that all resistance to the Israeli occupation amounted to “terrorism.” He seemed to be rejoicing in Palestinian suffering.
We celebrate the death of this Butcher of Beirut, who has the blood of thousands of Palestinians on his hands!
Yet another land-grab disguised as a “resettlement” programme. A plan to resettle thousands of Bedouins is causing controversy in Israel. More than 40,000 Palestinian Israelis will be evicted if the plan goes ahead.
Miko Peled was born in Jersusalem into a famous and influential Israeli Zionist family. His father was a famous General in the Israeli Army, of which Miko also served his time. When Miko’s niece was killed by Palestinian suicide bombers, you may have expected the family to put Palestinians at fault, but surprisingly they blamed the state of Israel, and their violent torturing and persecution for driving people to such sadness that they would take their own lives. Continue reading ‘An honest Israeli Jew tells the real truth about Israel’