Bank Mizrahi-Tefahot
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Bank Mizrahi-Tefahot
Bank Mizrahi-Tefahot ( he, בנק מזרחי טפחות) is the third-largest bank in Israel. It has around 140 branches. The bank is the largest among Israel's mortgage lenders. History Bank Mizrahi-Tefahot was formed by a merger of Bank Mizrahi HaMeuhad and Bank Tefahot in 2004. Bank Mizrahi was established in 1923 by the Mizrachi movement and later merged with Bank Hapoel HaMizrachi to form Bank Mizrahi HaMeuhad (United Mizrachi Bank). In November 2017, Mizrahi Tehafot Bank agreed to buy Union Bank of Israel for US$400 million, thereby consolidating its position as the third largest Israeli bank. On 12 February 2020, Bank Mizrahi-Tefahot was listed on database of 112 companies compiled by the United Nations implicated in helping to further Israeli settlement activity in the West Bank and Golan Heights, an activity considered illegal under international law. On 5 July 2021, Norway's largest pension fund KLP said it would divest from Bank Mizrahi-Tefahot, alongside 15 ot ...
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Rothschild Boulevard
Rothschild Boulevard (, ''Sderot Rotshild'') is one of the principal streets in the center of Tel Aviv, Israel, beginning in Neve Tzedek at its southwestern edge and running north to Habima Theatre. It is one of the most expensive streets in the city, being one of the city's main tourist attractions. It features a wide, tree-lined central strip with pedestrian and bike lanes. History Rothschild Boulevard is one of the oldest streets in Tel Aviv; soon after its creation, residents requested it to be renamed in honor of Baron Edmond James de Rothschild. One house, on the corner of Rothschild Boulevard and Herzl Street, was built in 1909 by the Eliavson family, one of Tel Aviv's sixty founding families. In 2007, the building was purchased and restored by the French Institute. Israel's Declaration of Independence was signed at Independence Hall on Rothschild Boulevard. Many of the historic buildings are built in the Bauhaus or International style, forming part of the White City o ...
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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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Banks Established In 1923
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 anc ...
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Banks Of Israel
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 anc ...
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Banking In Israel
Banking in Israel has its roots in the Zionist movement at the beginning of the 20th century prior to the establishment of the State of Israel in 1948. History The World Zionist Organization established the Anglo-Palestine Bank in 1903 (which later was renamed Bank Leumi). The two largest banks control over 60% of the banking activity, and the top five over 90%. Most of the banks were nationalized when their stocks collapsed in the 1983 bank stock crisis. Since then the government has sold much of its bank stock holdings, but still remains a large stockholder in many of the now privately held banks. The government sold Bank Hapoalim in 1996 and Bank Mizrahi (now merged into Bank Mizrahi-Tefahot) in 1998. The government also sold a major part of its stock in Discount Bank in 2006, and of Leumi Bank in 2005. Major banks Supervision and regulation The Bank of Israel supervises Israeli banks via the Supervisor of Banks. The tasks and authority of the Supervisor of Banks are bas ...
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Kommunal Landspensjonskasse
Kommunal Landspensjonskasse Gjensidig Forsikringsselskap or KLP is an Oslo-based mutual insurance company that manages the pensions of municipal employees in Norway. As of 31 March 2021, the fund had assets of NOK 813.5 billion (US$95.1 billion), with 337 municipal and county authorities, 31 health trusts and 2,300 public sector firms as clients. Norway's largest pension fund, KLP was established in 1949. Until 1974 the portfolio was managed by Norsk Kollektiv Pensjonskasse, after which KLP received its own license. KLP Eiendom is a major subsidiary that manages real estate in Norway and Denmark. State employees are insured through the Norwegian Public Service Pension Fund. Ethical divestment KLP has a long track record of ethics-based financial divestment, is a member of the United Nations Principles for Responsible Investment (UNPRI) and publishes detailed explanations about why it excludes certain investments. KLP also shares its ESG analysis with the Government Pension ...
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Norway
Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and the archipelago of Svalbard also form part of Norway. Bouvet Island, located in the Subantarctic, is a dependency of Norway; it also lays claims to the Antarctic territories of Peter I Island and Queen Maud Land. The capital and largest city in Norway is Oslo. Norway has a total area of and had a population of 5,425,270 in January 2022. The country shares a long eastern border with Sweden at a length of . It is bordered by Finland and Russia to the northeast and the Skagerrak strait to the south, on the other side of which are Denmark and the United Kingdom. Norway has an extensive coastline, facing the North Atlantic Ocean and the Barents Sea. The maritime influence dominates Norway's climate, with mild lowland temperatures on the se ...
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United Nations Security Council
The United Nations Security Council (UNSC) is one of the Organs of the United Nations, six principal organs of the United Nations (UN) and is charged with ensuring international security, international peace and security, recommending the admission of new UN members to the United Nations General Assembly, General Assembly, and approving any changes to the UN Charter. Its powers include establishing peacekeeping operations, enacting international sanctions, and authorizing military action. The UNSC is the only UN body with the authority to issue binding United Nations Security Council resolution, resolutions on member states. Like the UN as a whole, the Security Council was created after World War II to address the failings of the League of Nations in maintaining world peace. It held its first session on 17 January 1946 but was largely paralyzed in the following decades by the Cold War between the United States and the Soviet Union (and their allies). Nevertheless, it authorized ...
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International Law And Israeli Settlements
The international community considers the establishment of Israeli settlements in the Israeli-occupied territories illegal on one of two bases: that they are in violation of Article 49 of the Fourth Geneva Convention, or that they are in breach of international declarations. The United Nations Security Council, the United Nations General Assembly, the International Committee of the Red Cross, the International Court of Justice and the High contracting party, High Contracting Parties to the Convention have all affirmed that the Fourth Geneva Convention applies to the Israeli-occupied territories. Numerous UN resolutions and prevailing international opinion hold that Israeli settlements in the West Bank, East Jerusalem and the Golan Heights are a violation of international law, including UN Security Council resolutions in 1979, 1980, and 2016. United Nations Security Council Resolution 446, UN Security Council Resolution 446 refers to the Fourth Geneva Convention as the applicable ...
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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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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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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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