Business diary

Barclays to open in Israel

By Candice Krieger, October 28, 2010

Barclays Bank looks set to be opening a branch in Israel.

According to Israeli financial newspaper Globes, representatives of Barclays submitted the paperwork to the Bank of Israel last month Banking Supervision Department, and approval is expected quickly.

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Still tweet for Sugar

By Candice Krieger, October 22, 2010

Lord Sugar now has more than 85,000 followers on Twitter. The Apprentice star joined Twitter in August and has been pretty active on the social networking site ever since.

The peer is confident of attracting more followers and has even offered a free copy of his autobiography What You See Is What You Get to anyone who correctly guesses when he will reach 100,000. On Tuesday, he tweeted: "Those guessing when I will reach 100k followers to win signed book please include date and time". Yes Lord Sugar.

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Guess who's wowing the property world

By Candice Krieger, October 22, 2010

Who would have thought it? Israel has emerged as an unlikely force in the world’s property market, becoming one of the fastest growing nations. Global Property Guide, a trade magazine that monitors the housing market, reports that Israeli house prices in the second quarter of 2010 rose sixth-fastest out of 36 countries. Four of the top five, including Singapore and Latvia, were rebounding from sharp price drops. And over the past two years, Israeli prices have shot up faster than anywhere else in the world.

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The property big shots tell it how it is

By Candice Krieger, September 21, 2010

Business professionals were treated to a property masterclass last week at a B-ICC business breakfast at City law firm Watson, Farley & Williams. Heavyweights Nick Leslau, Gerald Ronson, Stephen Hubbard and Tony Gibbon shared their views about the current conditions in the UK market as part of a panel chaired by Property Week's Giles Barrie. And the expert's verdicts will have been hard to swallow for some. Heron's Mr Ronson commented: "It isn't easy. Property is not the business it was. We are still in unchartered waters.

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Shock boost for Israel

By Candice Krieger, August 19, 2010

Israel has exceeded all expectations to grow by 4.7% in the second quarter of 2010, according the Central Bureau of Statistics. Due to the crisis in Europe, predictions were that the economy would only grow by 2.9%. Israel's surprisingly strong annual growthhas been partly due to a rise in exports this year.

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Super times for super-rich

By Candice Krieger, August 19, 2010

Veteran estate agent Trevor Abrahmsohn could be forgiven for rubbing his hands together with excitement. The founder of Glentree Estates, Mr Abrahmsohn is known for selling some of the nation's most expensive "trophy" homes and, with One Hyde Park, a penthouse in one of London's most opulent developments, selling for a record-breaking £140 million, the market for "trophy homes" appears to be bucking the wider property slump.

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Annabel does the business

By Candice Krieger, July 28, 2010

Mazeltov to Annabel Karmel. The best-selling author of books on children's nutrition has picked up a top business award.

Sponsored by Real Business, the First Women awards were held in association with Lloyds Banking Group. She said: "As far as business goes, this is the biggest award I have won."

Ms Karmel has previously been honoured with an MBE and a Mothers & Baby lifetime achievement award.

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New recruiter looks a hot tip

By Candice Krieger, July 28, 2010

No finance jobs? Not as far as Mancunian Ric Berke is concerned. Now based in London, the 30-year-old is a director of newly-launched BRUIN Financial, an independent recruitment consultancy specialising in financial services. It is tipped to become a global market leader. Mr Berke said: “There will always be a need for real talent within financial services and as the market improves so does the demand for quality staff. Although hiring activity is not back to where it was in 2006/2007 it is certainly on the up across the City.” The launch attracted top clients from the finance world.

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London hotel coup

By Candice Krieger, June 24, 2010

AB Hotels has secured funding from Lloyds TSB to fund the £25 million refit of its London hotel, The Arch. It spans seven Georgian townhouses and two mews homes. The deal will help the owners achieve their aim of converting the buildings into a luxury boutique hotel.

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Boost to West Bank

By Candice Krieger, June 24, 2010

Sir Ronald Cohen, one of the world's leading private-equity investors and head of the Portland Trust, has stressed the key role that the economy plays in the Middle East conflict. Speaking at a B-ICC business breakfast last week, the Egyptian-born businessman said the economic dimension of the conflict in the Middle East is "one that has been neglected over the years. If you want to encourage trade between the UK and Israel, you need to contribute to the broader picture."

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