On 18 March 2018, Dexia announced the sale of its 58.9% stake in Dexia Israel Bank, an Israeli bank that gives loans and other financial services to municipalities of Israeli settlements in the occupied Palestinian territory.
Road infrastructure projects, like all Israeli construction projects in the occupied Palestinian territory, rely on the financial support of the Israeli Banks. In this update, Who Profits examines a few case studies of infrastructure projects financed by Israeli banks in the occupied West Bank and East Jerusalem.
In this update, Who Profits exposes some of the international and Israeli corporations involved in the construction of the Nabi Elyas bypass road (Highway 55) in the occupied West Bank. The bypass road, set to open in early 2018, expropriates Palestinian land for a project aimed to benefit an illegal settler population, in gross violation of international law.
In this update, Who Profits traces the occupation-related activities of HP in its new corporate structure. Our findings reveal that although the comany is formally defunct, several of HP’s key involvements continue through the newly formed, publicly traded companies DXC Technology and Hewlett Packard Enterprise (hereinafter: HPE) and their Israeli subsidiaries. This update also contains information about a new involvement in the area of home demolitions and population control.
The Israeli equity fund FIMI purchase 100% of the shares of G4S Israel in December 2016.
Shapir Civil and Marine Engineering is a civil engineering and construction company that operates numerous plants for construction materials. The company is a subsidiary of the Israeli public company Shapir Engineering and Industry, which was founded back in 1969 by the Shapira family: Hen, Israel, Harel and Gil Shapira. The company is exclusively engaged in the construction, development, and infrastructure of projects in several illegal settlements and is operating a number of plants for construction materials: it owns and operates cement plants and a stone quarry beyond the green line, thus exploiting Palestinian natural resources for the needs of the Israeli construction industry. The company’s latest and broad involvement in infrastructure of projects in the illegally occupied Palestinian territory will be presented in details in the coming section.
Hewlett-Packard has now split into two separate companies under a shared brand: Hewlett Packard Enterprise and HP Inc.
Veolia Transportation Israel (Connex Israel) has terminated its operations of the Modi'in bus network, which serve Israeli settlements in the West Bank. However, the company continues to operate bus services that pass through the occupied Palestinian territory.