|
Privatization In Israel
The privatization in Israel refers to the transferring or selling of a service or property owned by the Israeli government or any public organization to private ownership. The meaning of the privatization is reducing the share and level of intervening which is directly connected with the Israeli government in the Israeli economy, increasing the portion and the economic activity of a private group, on the control and ownership of the assets. The opposite process is nationalization. Privatization processes The privatization processes in Israel intensified in 1986 following the intensified privatization in Britain in the 1980s. So far around 90 government companies and subsidiaries have been privatized in Israel, which produced for the country, between the years 1991 and 2003 – a revenue amount of 8,749 million U.S. dollars. The privatization processes in Israel belong mainly to the following types: * Gradual Sale: a gradual sale or dilution of the state’s holdings in the publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationalization
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government (such as municipalities) being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy – telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water – though, in many jurisdictions, many such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Company (law)
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Refineries Ltd
BAZAN Group, (ORL or BAZAN, ), formerly Oil Refineries Ltd., is an oil refining and petrochemicals company located in Haifa Bay, Israel. It operates the largest oil refinery in the country. ORL has a total oil refining capacity of approximately 9.8 million tons of crude oil per year with a Nelson complexity index of 9. ORL provides a variety of products used in industrial operations, agriculture and transportation. ORL is Israel's largest integrated refining and petrochemical facility. The company also provides storage and transportation services for oil fuel products, as well as electricity and steam to industrial customers in the region. History The company's beginnings date back to the British Mandate for Palestine when Consolidated Refineries Limited (CRL), a joint venture of Shell and the Anglo-American Oil Company (now Esso), started constructing a sprawling refinery complex which sat at the end of the British-built Mosul-Haifa oil pipeline which stretched from the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paz Oil
Paz Oil Company Ltd. ( he, פז חברת הנפט בע"מ) () is the largest Israeli fuels company. Paz distributes gasoline and other petroleum products through a network of gas stations, as well as LPG and natural gas for home use (cooking and heating) through its subsidiary PazGaz. Paz operates combined cafes and stores in many gas stations, through its subsidiary Yellow. It also owns the supermarket chains Freshmarket and Super Yuda. History Foundation, names, and ownership in the 20th century Paz was founded in 1922, as Anglo-Asiatic Petroleum. From 1927 it operated as part of Royal Dutch Shell, under the name Shell Palestine. In 1957 Shell decided to withdraw from Israel under economic pressure from Arab countries. In 1958, the company changed to the ownership of the Briton Isaac Wolfson and the French Nahmias brothers and changed its name to Paz Petroleum Company Ltd. The symbol of the company, a yellow triangle, still resembles that of Shell. Wolfson sold his ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lapidot
Lapidot ( he, לַפִּידוֹת, ''lit.'' Torches) is a moshav in northern Israel. Located near Karmiel and Ma'alot-Tarshiha, it falls under the jurisdiction of Ma'ale Yosef Regional Council. In it had a population of . History The moshav was established in 1978 by residents of other moshavim in the area. Economy Most families are poultry farm residents and residents of a private farm (cows and horses). Part of the population earns a living in industrial area of Tefen and Karmiel. See also * Amos Lapidot (1934–2019), Israeli fighter pilot, 10th Commander of the Israeli Air Force, and President of Technion – Israel Institute of Technology The Technion – Israel Institute of Technology ( he, הטכניון – מכון טכנולוגי לישראל) is a public research university located in Haifa, Israel. Established in 1912 under the dominion of the Ottoman Empire, the Technion ... References {{Ma'ale Yosef Regional Council Moshavim Populated places establishe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dead Sea Works
The Dead Sea Works ( he, מפעלי ים המלח, ''Mif'alei Yam HaMelakh'') is an Israeli potash plant in Sdom, on the Dead Sea coast of Israel. History Under the British administration, concessions from the Mandatory government were given. On January 1, 1930, the "Concession for the extraction of salts and minerals in the Dead Sea" was granted to Palestine Potash Limited by the governments of Palestine and Transjordan jointly.Official Gazette of the Government of Palestine, No. 260, June 1, 1930, p424. The company, whose directors included Moshe Novomeysky, had been incorporated in England in 1929 and registered as a foreign company in Palestine in 1930.Official Gazette of the Government of Palestine, No. 252, February 1, 1930, p76. From 1936, it was a profitable enterprise despite attempts by the German potash cartel to strangle the business by dumping potash at below-cost prices. In the 1948 Arab–Israeli War, the northern half of the production facilities was occupi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Israel Chemicals
ICL Group Ltd. (Hebrew: איי.סי. אל. גרופ בע"מ) (formerly Israel Chemicals Ltd., ICL) is a multi-national manufacturing concern that develops, produces and markets fertilizers, metals and other special-purpose chemical products. ICL serves primarily three markets: agriculture, food and engineered materials. ICL produces approximately a third of the world's bromine, and is the world's sixth-largest potash producer. It is a manufacturer of specialty fertilizers and specialty phosphates, flame retardants and water treatment solutions. ICL is majority controlled by the Israel Corporation, one of the largest Israeli conglomerates. In addition to the Dead Sea Works, Israel Chemicals mines phosphates in the Negev desert. ICL Group serves customers in Asia. Operations and business 90% of ICL's sales are exports. Through its subsidiaries, ICL produces 35% of world's bromine, 13% of the world's potash (excluding US-Canada cross-border trade), 9% of the western world's mag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Leumi
Bank Leumi ( he, בנק לאומי, lit. ''National Bank''; ar, بنك لئومي) is an Israeli bank. It was founded on February 27, 1902, in Jaffa as the ''Anglo Palestine Company'' as subsidiary of the Jewish Colonial Trust (Jüdische Kolonialbank) Limited formed before in London by members of the Zionist movement to promote the industry, construction, agriculture, and infrastructure of the land hoped to ultimately become Israel. Today, Bank Leumi is Israel's largest bank (by total assets as of 2015), with overseas offices in Luxembourg, US, Switzerland, the UK, Mexico, Uruguay, Romania, Jersey, and China. Though nationalized in 1981, now Bank Leumi is mainly in private hands, with the government as the largest single shareholder, with 14.8% of the stock (as of June 2006). The other major shareholders are Shlomo Eliyahu and Branea Invest, which each hold 10% of the stock, constituting the control core of the bank. Sixty percent of the bank's stocks are held by the public and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Mizrahi Tfachot
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Israel Discount Bank
Israel Discount Bank, Ltd. is a retail bank, commercial bank, private bank and financial services company headquartered in Tel Aviv with 112 branches throughout Israel. Discount Bank is a public company traded on the Tel Aviv Stock Exchange under the symbol DSCT. It provides personal banking, business banking and private banking products and services through physical branches, online banking and mobile banking. History Discount Bank was established on 5 April 1935, as ''Eretz Yisrael Discount Bank'' Ltd., by Leon Recanati and his partners, Yosef Albo and Moshe Carasso. In its early days, Discount Bank operated out of a small hotel on Nachlat Binyamin Street in Tel Aviv. It later moved to its permanent location at 39 Yehuda Halevi Street. Today, Discount Bank's headquarters are located at the Discount Bank Tower, a 30-story skyscraper located at 23 Yehuda HaLevi Street in Tel Aviv, which completed construction in 2006. Discount Bank derives its name from the word "disconto", di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
