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Bank Otsar Ha-Hayal
Bank Otsar HaHayal ( he, בנק אוצר החייל, translation=Soldier's Treasury Bank) is an Israeli bank. History Otsar HaHayal was founded in 1946 by the British mandatory authorities to provide banking services to Jewish veterans of the British armed forces. It later provided these services to Israel Defense Forces veterans and defense sector employees, who also became part owners of the bank. In 1972, the bank opened up to the general public, although it still largely kept its association with military assets. It was purchased by Bank Hapoalim in 1977. By 1996, Otsar HaHayal completely transformed into a commercial public bank. On January 24, 2006, Bank Hapoalim's share of the bank, 66%, was sold for 703 million NIS, approximately 185% of Otsar Ha-Hayal's estimated worth, to the First International Bank of Israel. Criticism Involvement in Israeli settlements On 12 February 2020, the United Nations published a database of companies doing business related in the West ...
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Israel
Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated on the southeastern shore of the Mediterranean Sea and the northern shore of the Red Sea, and shares borders with Lebanon to the north, Syria to the northeast, Jordan to the east, and Egypt to the southwest. Israel also is bordered by the Palestinian territories of the West Bank and the Gaza Strip to the east and west, respectively. Tel Aviv is the economic and technological center of the country, while its seat of government is in its proclaimed capital of Jerusalem, although Israeli sovereignty over East Jerusalem is unrecognized internationally. The land held by present-day Israel witnessed some of the earliest human occupations outside Africa and was among the earliest known sites of agriculture. It was inhabited by the Canaanites ...
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List Of Companies Operating In West Bank Settlements
This is a list of companies operating in West Bank settlements, compiled by the UN Human Rights Council and published by the UN Office for the Coordination of Humanitarian Affairs (OCHA). Israeli settlements in the occupied territory of the West Bank, including East Jerusalem, are considered illegal under international law. The report was requested by Human Rights Council resolution 31/36 in follow up to the International Fact-Finding Mission on Israeli Settlements, a 2013 investigation into the impact of Israeli settlements on Palestinian rights in the occupied territories, and listed ten activities of concern, including the supply of construction equipment, materials, services and utilities to settlements, and to erect the West Bank wall; financial support for settlement activities; and, the supply of demolition equipment used to destroy property and agricultural assets. There are 112 business entities on thlistfor which, based on "a thorough review and assessment of all infor ...
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Economy Of Israel
The economy of Israel is a developed free-market economy. The prosperity of Israel's advanced economy allows the country to have a sophisticated welfare state, a powerful modern military said to possess a nuclear-weapons capability, modern infrastructure rivaling many Western countries, and a high-technology sector competitively on par with Silicon Valley. Israel ranks 35th on the World Bank's ease of doing business index. It has the second-largest number of startup companies in the world after the United States, and the third-largest number of NASDAQ-listed companies after the U.S. and China. American companies such as Intel, Microsoft, and Apple built their first overseas research and development facilities in Israel. Other high-tech multi-national corporations, such as IBM, Google, Hewlett-Packard, Cisco Systems, Facebook and Motorola have opened R&D centers in the country. The country's major economic sectors are high-technology and industrial manufacturing. The Israeli ...
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Office Of The United Nations High Commissioner For Human Rights
The Office of the United Nations High Commissioner for Human Rights, commonly known as the Office of the High Commissioner for Human Rights (OHCHR) or the United Nations Human Rights Office, is a department of the Secretariat of the United Nations that works to promote and protect human rights that are guaranteed under international law and stipulated in the Universal Declaration of Human Rights of 1948. The office was established by the United Nations General Assembly on 20 December 1993 in the wake of the 1993 World Conference on Human Rights. The office is headed by the High Commissioner for Human Rights, who co-ordinates human rights activities throughout the United Nations System and acts as the secretariat of the Human Rights Council in Geneva, Switzerland. The eighth and current High Commissioner is Volker Türk of Austria, who succeeded Michelle Bachelet of Chile on 8 September 2022. In 2018–2019, the department had a budget of $201.6 million (3.7 per cent of the reg ...
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Israeli Settlement
Israeli settlements, or Israeli colonies, are civilian communities inhabited by Israeli citizens, overwhelmingly of Jewish ethnicity, built on lands occupied by Israel in the 1967 Six-Day War. The international community considers Israeli settlements to be illegal under international law, though Israel disputes this. Israeli settlements currently exist in the West Bank (including East Jerusalem), claimed by the State of Palestine as its sovereign territory, and in the Golan Heights, widely viewed as Syrian territory. East Jerusalem and the Golan Heights have been effectively annexed by Israel, though the international community has rejected any change of status in both territories and continues to consider each occupied territory. Although the West Bank settlements are on land administered under Israeli military rule rather than civil law, Israeli civil law is "pipelined" into the settlements, such that Israeli citizens living there are treated similarly to those livi ...
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Golan Heights
The Golan Heights ( ar, هَضْبَةُ الْجَوْلَانِ, Haḍbatu l-Jawlān or ; he, רמת הגולן, ), or simply the Golan, is a region in the Levant spanning about . The region defined as the Golan Heights differs between disciplines: as a geological and biogeographical region, the term refers to a basaltic plateau bordered by the Yarmouk River in the south, the Sea of Galilee and Hula Valley in the west, the Anti-Lebanon with Mount Hermon in the north and Wadi Raqqad in the east. As a geopolitical region, it refers to the border region captured from Syria by Israel during the Six-Day War of 1967; the territory has been occupied by the latter since then and was subject to a de facto Israeli annexation in 1981. This region includes the western two-thirds of the geological Golan Heights and the Israeli-occupied part of Mount Hermon. The earliest evidence of human habitation on the Golan dates to the Upper Paleolithic period. According to the Bible, an Am ...
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East Jerusalem
East Jerusalem (, ; , ) is the sector of Jerusalem that was held by Jordan during the 1948 Arab–Israeli War, as opposed to the western sector of the city, West Jerusalem, which was held by Israel. Jerusalem was envisaged as a separate, international city under the 1947 United Nations partition plan. It was, however, divided by the 1948 war that followed Israel's declaration of independence. As a result of the 1949 Armistice Agreements, the city's western half came under Israeli control, while its eastern half, containing the famed Old City, fell under Jordanian control. Israel occupied East Jerusalem during the 1967 Six-Day War; since then, the entire city has been under Israeli control. The 1980 Jerusalem Law declared unified Jerusalem the capital of Israel, formalizing the effective annexation of East Jerusalem. Palestinians and many in the international community consider East Jerusalem to be the future capital of the State of Palestine. This includes (out of ...
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West Bank
The West Bank ( ar, الضفة الغربية, translit=aḍ-Ḍiffah al-Ġarbiyyah; he, הגדה המערבית, translit=HaGadah HaMaʽaravit, also referred to by some Israelis as ) is a landlocked territory near the coast of the Mediterranean Sea, Mediterranean in Western Asia that forms the main bulk of the Palestinian territories. It is bordered by Jordan and the Dead Sea to the east and by Israel (see Green Line (Israel), Green Line) to the south, west, and north. Under Israeli occupation of the West Bank, an Israeli military occupation since 1967, its area is split into 165 Palestinian enclaves, Palestinian "islands" that are under total or partial civil administration by the Palestinian National Authority (PNA), and 230 Israeli settlements into which Israeli law in the West Bank settlements, Israeli law is "pipelined". The West Bank includes East Jerusalem. It initially emerged as a Jordanian-occupied territory after the 1948 Arab–Israeli War, before being Jordani ...
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United Nations
The United Nations (UN) is an intergovernmental organization whose stated purposes are to maintain international peace and international security, security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmonizing the actions of nations. It is the world's largest and most familiar international organization. The UN is headquarters of the United Nations, headquartered on extraterritoriality, international territory in New York City, and has other main offices in United Nations Office at Geneva, Geneva, United Nations Office at Nairobi, Nairobi, United Nations Office at Vienna, Vienna, and Peace Palace, The Hague (home to the International Court of Justice). The UN was established after World War II with Dumbarton Oaks Conference, the aim of preventing future world wars, succeeding the League of Nations, which was characterized as ineffective. On 25 April 1945, 50 governments met in San Francisco for United Nations Conference ...
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Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Israeli New Sheqel
The new Israeli shekel ( he, שֶׁקֶל חָדָשׁ '; ar, شيكل جديد ; currency symbol, sign: Shekel sign, ₪; ISO 4217, ISO code: ILS; abbreviation: NIS), also known as simply the Israeli shekel ( he, שקל ישראלי, ar, شيكل إسرائيلي), is the currency of Israel and is also used as a legal tender in the Palestinian territories of the West Bank and the Gaza Strip. The new shekel is divided into 100 Israeli agora, agorot. The new shekel has been in use since 1 January 1986, when it replaced the hyperinflation, hyperinflated Old Israeli shekel, old shekel at a ratio of 1000:1. The currency sign for the new shekel is a combination of the first Hebrew letters of the words ''shekel'' () and ''ẖadash'' () (new). When the shekel sign is unavailable the abbreviation ''NIS'' ( and ) is used. History The origin of the name "shekel" () is from the ancient Biblical currency by the same name. An early Biblical reference is Abraham being reported to pay ...
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Bank Hapoalim
Bank Hapoalim ( he, בנק הפועלים lit. ''The Workers' Bank'') is one of Israel's largest banks. History The bank was established in 1921 by the ''Histadrut'', the Israeli trade union congress (lit. "General Federation of Laborers in the Land of Israel") and the Zionist Organisation. The bank was owned by the ''Histadrut'' until 1983, when it was nationalized following the Bank Stock Crisis. The bank was held by the Israeli government until 1996 when it was sold to a group of investors led by Ted Arison. The bank has a significant presence in global financial markets. In Israel, it has over 600 ATMs (automated teller machines), 250 bank branches, 7 regional business centers, 22 business branches and industry desks for major corporate customers. The bank's stock is traded on the Tel Aviv Stock Exchange. At the end of 2015, the bank had 11,930 employees worldwide. It is controlled by Arison Holdings, owned by Shari Arison. Arison Holdings owns a total of 15.74 per ...
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