Israel - Diamond Dealer Lev Leviev's Profit Soars to $163 Million

Israel - Real estate developer Africa Israel Investments today reported a surge in first-quarter net profit, boosted by accounting changes, efficiency measures and improved results at its subsidiaries. The Israeli company, controlled by billionaire diamond dealer Lev Leviev, recorded net profit of 647 million shekels ($163 million), up from 45 million shekels a year earlier. Africa Israel...