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Elad's purchase of New York City's Plaza Hotel caused great controversy in 2004. [clarification needed] But as the hotel was readied for opening on March 1, 2008, The New York Times observed, Tshuva and Peter Ward, president of the New York's hotel workers' union, had reconciled their differences: "It was a big change from early 2005, when Mr. Ward vowed to block Mr. Tshuva's plans to convert ...
This real estate bubble was blamed on the country-wide housing shortage. [4] [5] However, many economists and investors do not see it as a bubble. [6] In response to the global economic recession in 2008, Israel's central bank governor, Stanley Fischer, lowered interest rates to an all-time low of 0.5%. That resulted in prices rising very fast ...
JERUSALEM (Reuters) - U.S. President Donald Trump's vision of a Gaza Strip cleared of its Palestinian inhabitants and redeveloped into an international beach resort under U.S. control has revived ...
Israel Land Administration Law (1960) describes the details of establishing and operating the Israel Land Administration. [7] Covenant between the State of Israel and the World Zionist Organization, establishing the Jewish National Fund (1960). [8] 13 percent of Israel's land belongs to the Jewish National Fund, [9] which is managed by the ILA.
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The drops in real estate investment mirror those across the entire economy, where fixed income investment fell 68% in the quarter. Israel’s economy is also facing a challenged labor market.
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