01.01.2009-31.12.2009

01.01.2009-31.12.2009

  
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1

Real estate out, banks in

01.01.2009-31.12.2009
  Portfolio managers see stocks rising only moderately in 2010.
  Roee Bergman 31/12/2009
 A year ago, we asked Israel's leading portfolio managers to give their forecasts for the market in 2009. Those were the depressed days after the collapse of Lehman Brothers, and the ensuing collapse ...
2

IEC head gets bonus despite missed targets

01.01.2009-31.12.2009
  IEC did not meet its profit target or successfully implement streamlining in 2009.
  Amiram Barkat 31/12/2009
 Israel Electric Corporation (IEC) (TASE: ELEC.B22 ) CEO Amos Lasker received a NIS 100,000 bonus in 2009 for excellence even though the company did not excel in its performance. Sources inform "Globes...
3

Thu: Tel Aviv 25 up 75% in 2009

01.01.2009-31.12.2009
  The Banking Index and Real Estate Index both more than doubled this year but Isramco was the top gainer, rising 1,854%.
  Avi Shauly 31/12/2009
 The Tel Aviv Stock Exchange (TASE) ended 2009 on a positive note. The Tel Aviv 25 Index rose 0.38% to 1145.06 points, the Tel Aviv 100 Index rose 0.43% to 1064.98 points, and the Tel-Tech Index fell 0...
4

New City unveils 155 unit Tel Aviv project

01.01.2009-31.12.2009
  Assuta Bauhaus Village is scheduled to be built on the grounds of the former Assuta Hospital.
  Einat Paz-Frankel 31/12/2009
 The Ha'Ir Hahadasha (New City) Group is determined to exercise its option to purchase the Assuta complex in Tel Aviv, even though the Tel Aviv District Court is still considering a petition against ...
5

US investors join Barinboim in real estate venture

01.01.2009-31.12.2009
  Sonny Kahn and Russell Galbut have bought a 17% stake in Barinboim's holding company BGI.
  Avi Shauly 31/12/2009
 One month after winning the tender to buy the Industrial Development Bank of Israel Ltd (TASE: IND ) for NIS 572 million, Zvika Barinboim has brought two new American investors into the holding BGI (...
6

Delek Real Estate cancels rights offering

01.01.2009-31.12.2009
  The cancellation comes after a raid on the company's offices by the Israel Securities Authority, which is questioning senior managers.
  Avi Shauly 31/12/2009
 While Delek Group Ltd. (TASE: DLEKG ) controlled by Yitzhak Tshuva celebrates being the share with the highest rise on the Tel Aviv 25 in 2009, its subsidiary Delek Real Estate Ltd. (TASE: DLKR ) At ...
7

Stormy meeting in Haifa with no Taro accountants

01.01.2009-31.12.2009
  Sun attorney Israel Leshem said that a firm paid so much should face shareholders.
  Ron Steinblaatt 31/12/2009
 Sun attorney Adv. Israel Leshem, asked at the beginning of the meeting how much the accountants were paid. The answer given was $5 million. Leshem said that a firm that is paid that much should really...
8

2009 car sales stay strong despite early recession

01.01.2009-31.12.2009
  Sales in December jumped 115% compared with the corresponding month.
  Dubi Ben-Gedalyahu 31/12/2009
 About 170,000 new cars were bought in 2009, despite the recession and credit crisis. Preliminary figures show that about 15,000-16,000 new cars have been sold in December, a jump of 115% compared with...
9

New home demand drops

01.01.2009-31.12.2009
  Despite an 8% drop in demand nationally, actual new home sales jumped 43% in Haifa.
  Adi Ben-Israel 31/12/2009
 Demand for new houses in Israel fell 8% in November, compared with October. At the same time, the inventory of new homes available continued to shrink. According to Central Bureau of Statistics Demand...
10

Satellite broadcaster Yes set for more Srugim, Glee

01.01.2009-31.12.2009
  The company reached 570,000 subscribers in the fourth quarter.
  Gad Perez 31/12/2009
 Satellite television broadcaster yes continued growing in the fourth quarter, adding 3,000 new subscribers to reach a level of 570,000 customers. The company reported the total customer figure to its...

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