Home > > Tagged: Lev Leviev

U.S. pension fund giant confirms divestment from Israel firm

Posted on: September 13, 2009

Ora Coren | Ha’aretz

12 September 2009

The U.S. pension fund giant, TIAA-CREF, confirmed in statements to the media on Friday that it divested from Africa Israel Investments, owned by Israeli billionaire Lev Leviev, earlier this year.

The statements came in response to a letter initiated by a pro-Palestinian group, Adalah-NY, and signed by TIAA-CREF clients.

The fund’s investment in Africa Israel amounted to only $257,000, so the financial effect of the divestment is minimal. The news of the divestment came as the Israeli firm was suffering a deep financial crisis, having recently announced that is unable to meet its liabilities to its … Continue reading


Updated on September 13, 2009
Posted under: In the Media
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Oslo pressured to dump Africa Israel as well

Posted on: September 7, 2009

Nimrod Halpern | Ha’aretz

7 September 2009

A day after Norway announced its divestment from holdings in electronics defense company Elbit Systems for ideological reasons, human rights organizations are calling on Oslo to dump its holdings in Africa Israel Investments as well.

Norway’s problem with Elbit Systems is its provision of equipment to monitor the separation fence between Israel and the Palestinian territories. The human rights organizations’ problem with Africa Israel is the role of subsidiary Danya Cebus in building homes in West Bank settlements, reports the Adnkronos International Web site.

The human rights organization Adalah argues that the Africa Israel group, led … Continue reading


Updated on September 7, 2009
Posted under: In the Media
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Did Leviev’s empire succumb to boycott?

Posted on: September 4, 2009

Alternative Information Center (AIC)

2 September 2009

On 31 August 2009, Lev Leviev, the sixth richest Israeli according to Forbes Magazine, convened a press conference and announced that his company Africa Israel will be unable to meet its financial obligations and repay its debts on time. Leviev’s debt is estimated at nearly Euro 1.4 billion. While this tycoon said in August 2008 that “I will meet all of my obligations, to the last penny,” he admitted in the latest press conference, one year later, that he made serious investment mistakes.

Though Leviev originally made his fortune in the diamond industry, Africa Israel … Continue reading


Updated on September 4, 2009
Posted under: In the Media
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Investment giant BlackRock divests from Leviev’s Africa-Israel due to Israeli settlements

Posted on: August 25, 2009

Adalah-NY

25 August 2009

In another stunning blow to Israeli settlement-builder Lev Leviev, the Israeli business magazine Globes Online has reported that BlackRock Inc., one of the world’s largest investment management firms, has divested from Leviev’s Africa-Israel Investments. The Globes article follows a similar report by the Norwegian news service Norwatch. The move comes after a nearly two-year long global boycott campaign of Leviev’s businesses that developed in response to the billionaire’s construction activities in at least four Israeli settlements in the Occupied West Bank, all of which violate international law, and his abusive labor practices in the diamond industry in … Continue reading


Updated on August 25, 2009
Posted under: Press Releases
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Africa-Israel under scrutiny for settlement construction

Posted on: June 23, 2009

Adri Nieuwhof | Electronic Intifada

22 June 2009

Africa-Israel is the latest target of a boycott campaign by Palestine solidarity activists because of the company’s involvement in the illegal Israeli settlements in the occupied West Bank. American and European financial institutions hold a substantial stake in Africa-Israel Investment, investigations reveal.

Africa-Israel Investment is an international holding and investment company based in Israel whose subsidiary, Danya Cebus, has been deeply involved in the construction of illegal Israeli settlements in the Occupied Palestinian Territories (OPT). According to research by the Israeli Coalition of Women for Peace, the company executed construction projects in … Continue reading


Updated on June 23, 2009
Posted under: In the Media
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Dubai, jewel in Israel’s sales crown

Posted on: June 1, 2009

Alain Gresh | Le Monde

27 May 2009

With the exception of Egypt, all Arab states officially boycott Israel, blacklist Israeli companies and ban imports of Israeli products. The same countries frequently lead the voices calling for sanctions against Israel. But sometimes life gets in the way.

Just a few weeks after the world financial crisis broke, a super-luxury hotel, the Atlantis, opened its doors in Dubai in the United Arab Emirates. The French chatter website LePost.fr of 21 November 2008 trumpeted the headline: “2000 stars at the inauguration of Dubai’s Atlantis Hotel”. It wrote:

“Dubai, Dubai, Dubai! Arab princes, flying carpets, … Continue reading


Updated on May 16, 2013
Posted under: In the Media
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Norwegian MP: If investment in occupation acceptable, we must revise ethics guidelines

Posted on: May 15, 2009

Ma’an News Agency

15 May 2009

A Norwegian ethics committee is due to travel to Israel and the West Bank in two weeks to assess the investment of the world’s largest government pension fund, The Norwegian Government Pension Fund, in Africa Israel Investments.

In advance of that visit, a delegation of seven members of the Norwegian Socialist Left Party travelled to the West Bank and Gaza Strip this week to see for themselves the Israeli occupation of the West Bank, siege on Gaza and the destruction wrought following Israel’s war on the area last winter.

After under a week in the area … Continue reading


Updated on May 15, 2009
Posted under: In the Media
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New York protesters call for Mother’s Day boycott of Leviev diamonds over Israeli settlements

Posted on: May 11, 2009

Adalah-NY

9 May 2009

On the day before Mother’s Day, 40 New York human rights advocates gathered at the Leviev jewelry store on Madison Avenue and called on throngs of weekend Madison Avenue shoppers to boycott Israeli diamond mogul Lev Leviev over his companies’ construction of Israeli settlements on Palestinian land in West Bank villages including Bil’in and Jayyous. Mother’s Day is one of the biggest jewelry shopping periods in the US annually. The New York protest came as controversy is growing in Norway over Norwegian government investments in Leviev’s company Africa-Israel. The New York protesters also commemorated Bassem Abu … Continue reading


Updated on May 16, 2013
Posted under: In the Media
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Villages and organizations ask Norway to divest from Leviev’s Africa-Israel over settlements

Posted on: May 6, 2009

Adalah-NY

6 May 2009

The West Bank Palestinian villages of Bil’in and Jayyous and 11 national and international networks from Europe, Palestine, Israel and the US have sent letters calling on Norway to comply with its ethical guidelines and divest from its pension fund holdings in the company Africa-Israel, owned by the controversial diamond magnate Lev Leviev. The villages of Bil’in and Jayyous cited the devastating impacts of the construction of Israeli settlements by Africa-Israel and another Leviev-owned company, Leader Management and Development, on their villages’ agricultural land.

The letters to Norwegian officials follow controversy in Norway over pension investments in … Continue reading


Updated on May 6, 2009
Posted under: In the Media
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Boycott this Israeli settlement builder

Posted on: April 28, 2009

Abe Hayeem | The Guardian

28 April 2009

The British Foreign and Commonwealth Office must be commended for its decision to cancel renting premises for the UK embassy in Tel Aviv from the company Africa-Israel, owned by Israeli businessman and settlement builder Lev Leviev. This is an encouraging step that should now be backed by stronger sanctions against the building of the separation wall and the building of illegal settlements by Israel. Furthermore, the governments of Norway and Dubai should emulate the example set by the UK and sever their relationships with Leviev’s companies.

The Israeli paper Ha’aretz reported on 3 … Continue reading


Updated on May 16, 2013
Posted under: In the Media
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