ICEN articles from August 1991

ICEN archives from August 1991

Maxwell cashes in his chips. (Robert Maxwell to sell Scitex Corporation Ltd. shares)
August 2, 1991... Maxwell Cashes in his Chips Communications tycoon Robert Maxwell has decided to sell all of his 7.1 million shares in Scitex, which currently have an equity value of $210 million. This was a partial reversal of his previous decision to sell...

I.D.B. split for sale. (Israel Discount Bank Ltd.)
August 2, 1991... I.D.B. Split For Sale M.I. Holdings and the Recanati family have been discussing the splitting off of the Israel Discount Bank from the family owned holding company, I.D.B. Development Corporation. This is part of a move to expedite the...

Variable shares index breaks 400. (Tel Aviv Stock Exchange)
August 2, 1991... Variable Shares Index Breaks 400 On July 28, 1991 the variable share index of the Tel Aviv Stock Exchange passed the 400 point barrier and at the end of the day trading stood at 403.82 points. Demand was high for shares of Elron Industries,...

Desert clean-up for agriculture exports. (Israel desert region pest reduction)
August 2, 1991... Desert Clean-Up for Agriculture Exports Plans are under way to convert the southern central region of the desert for exports of fresh agricultural pest-free produce. Agriculture Ministry Managing Director Gadi Shalipin says current exports to...

New science development project. (technology incubator in Jerusalem, Israel)
August 2, 1991... New Science Development Project The Jerusalem Development Authority and Yissum Research & Development of the Hebrew University have established a joint company to develop a "technology incubator" in Jerusalem. Some $2.5 million is to be...

American-Israeli investment conference. (American-Israel Chamber of Commerce and Industry)
August 2, 1991... American-Israeli Investment Conference The American-Israel Chamber of Commerce and Industry is organizing an investment conference to be held November 13th in New York City. Thirty to forty of Israel's most rapidly growing companies will...

Voice of America silenced.
August 2, 1991... Voice of America Silenced The decision of the Supreme Court to defer the erection of the Voice of America transmitting station in the Negev means the tender will be canceled, according to sources in the Communications Ministry. The Court...

Petrochemicals downturn. (Israel Petrochemical Industries)
August 2, 1991... Petrochemicals Downturn Israel Petrochemical Industries (IPE) reports a loss of NIS 12.4 million in the second quarter of 1991 compared to a first quarter profit of NIS 3.3 million and a profit of NIS 4.1 million in the same quarter of last...

Another tilt on Atari.
August 2, 1991... Another Tilt on Atari Further to previous reports, (see ICEN - Vol. 237 sec. TW) ICEN has learned that the reasons Atari has canceled plans for plants in Israel may be due to financial problems and not stalling on the Israeli side as alleged...

Blue and white lychees. (Israeli-grown lychees) (Agriculture)
August 2, 1991... Blue and White Lychees The first Israeli grown lychees are on sale in the market and will be available only during August month since the fruit has a short season. Yields are expected to be about 200 tons of which 180 tons are for export....

Date sales surge ahead. (Agriculture)
August 2, 1991... Date Sales Surge Ahead The Date Growers Association reports that revenues of $18 million are anticipated this year, as indicated by the number of orders already received. This represents a 20 percent increase over 1990 exports of $15...

Citrus exports down. (Agriculture)
August 2, 1991... Citrus Exports Down Citrus exports for the 1990/91 season as of July 14, 1991 totaled 318,000 tons versus 456,000 for the same period last year - a decrease of 30 percent. Receipts dropped by 28 percent - $136 million compared to $196...

Avocado profits go soft. (Agriculture)
August 2, 1991... Avocado Profits Go Soft Agrexco Agricultural Export Co. forecasts a drop in prices of avocado due to the increased production of Spanish avocado which is expected to export 25,000 tons - an increase of 10 percent over the previous year....

Eastern European air agreements ratified. (Aviation)
August 2, 1991... Eastern European Air Agreements Ratified The government has ratified the air agreements signed with Poland, Czechoslovakia and Bulgaria. The agreement with Poland specifies five weekly flights of the Polish airline LOT with a capacity of 720...

More charter flights. (Sun D'Or schedules Eilat Israel to Europe flights) (Aviation)
August 2, 1991... More Charter Flights El Al Israel Airlines charter subsidiary Sun D'Or is planning 10 weekly flights from Europe to Eilat during the forthcoming autumn and winter tourist season. The program calls for three flights per week between London...

Bond issue flop. (Bank Hapoalim) (Banking)
August 2, 1991... Bond Issue Flop The issue of dollar-linked bonds by Bank Hapoalim this week fell far short of the bank's expectations. Of the NIS 30 million worth of bonds offered to the public, only NIS 560,000 were purchased. The issue offered...

Postal Bank to be sold. (Banking)
August 2, 1991... Postal Bank To Be Sold A committee headed by Tel Aviv Stock Exchange Chairman Haim Stoessel has recommended changing the status of the Postal Bank to a government-owned company. The committee was formed by the previous Minister of...

Leumi number one. (Bank Leumi le-Israel) (Banking)
August 2, 1991... Leumi Number One The Banker magazine has rated Bank Leumi as Israel's premier bank and 151st among the world's top 1,000 banks. The listing, which rates banks by capital strength, shows Bank Leumi in first place with $1.431 billion, followed...

Monetary tenders increase. (Bank of Israel) (Banking )
August 2, 1991... Monetary Tenders Increase The Bank of Israel has announced increases in the monetary tenders for August 1991. The weekly monetary tenders to the banks will total NIS 1 billion in the first two weeks and NIS 1.25 billion in the second two...

Israel Chemicals sale clarified. (Israel Chemical Industries) (Chemicals)
August 2, 1991... Israel Chemicals Sale Clarified Finance minister Yitzhak Moda'i has accepted the recommendations laid before him by the Government Companies Authority regarding the selling off of Israel Chemical Industries. According to the recommendations,...

Potassium nitrate plant. (Israel Chemicals Ltd., Haifa Chemicals Ltd. joint venture) (Chemicals)
August 2, 1991... Potassium Nitrate Plant Israel Chemicals and Haifa Chemicals are looking at the possibility to establish, under joint ownership, a plant to produce potassium nitrate. The proposed plant would be erected in the Rotem plain east of Dimona...

Bromine Compounds in Philadelphia deal. (Rohm and Haas Co., Philadelphia, Pennsylvania) (Chemicals)
August 2, 1991... Bromine Compounds in Philadelphian Deal Bromine Compounds has signed an agreement for cooperation with Rohm and Haas of Philadelphia. The agreement, effective as of September 1, 1991, calls for cooperation in manufacturing and marketing of...

Compact washing powder clean's up. (Israeli soap and detergent industry earnings) (Chemicals)
August 2, 1991... Compact Washing Powder Clean's Up Just under a year ago, compact washing machine powders appeared on the market and are today estimated to have a market share of between 13-20 percent. The powders are offered in packagings of 1.5 kilograms...

Tadiran help for the blind. (Tadiran Telecommunications) (Communications)
August 2, 1991... Tadiran Help for the Blind Tadiran Telecommunications has developed a telephone exchange station combined with its Coral system enabling its operation by a blind telephone operator. Instead of indicator lights as for the deaf, the...

Fibronics cuts deal. (Memorex Telex Corp.) (Communications)
August 2, 1991... Fibronics Cuts Deal Fibronics, whose shares are traded over-the counter in New York, has recently signed an OEM agreement with Memorex Telex, according to which the latter will sell Fibronics products under the Memorex Telex label. This...

More Bezeq share issues. (Bezeq-The Israel Telecommunication Corporation Ltd.) (Communications)
August 2, 1991... More Bezeq Share Issues The Ministerial Committee for Privatization headed by Prime Minister Yitzhak Shamir has decided to float an additional 23 percent of the government-owned telecommunications company, Bezeq. In the first stage, 9...

Beepers are "beeping." (Beeper Israel Communications) (Communications)
August 2, 1991... Beepers are "Beeping" Radio paging service Beeper Israel Communications reports an increase of 42 percent in incoming calls. Since the beginning of the year, the centers have handled 33,000 calls each day - an average of one call per 2.6...

New modem controller. (Motorola Israel Information Systems' 821N, modem controller) (Communications) (product announcement)
August 2, 1991... New Modem Controller Motorola Israel Information Systems has announced a new modem controller, the 821N, which is a self-contained unit controlling up to 8 modems. The 821N is a scaled down version of the Motorola 821 controller and employs...

New semiconductor research. (Weizmann Institute of Science) (Computers)
August 2, 1991... New Semiconductor Research The Weizmann Institute sub-micron semi-conductor research center headed by Professor Mordechai Heibloom is scheduled to begin operation within the next six months. The center has been established at an investment...

"Hard" problems for software. (Dov Kellerman analysis of Israel computer software industry) (Computers)
August 2, 1991... "Hard" Problems for Software Should efforts be expended in establishing another high-tech plant or ten software houses? Why can't Israel emulate the meteoric rise of U.S. and European software houses? The Israel software industry has an...

Software to South Africa. (S.T.S. Simulation, Technology and Systems) (Computers)
August 2, 1991... Software to South Africa S.T.S., Simulation, Technology and Systems, has signed as agreement for the sale of software to Q.M. Finance Ltd. of South Africa. The software is an updated version of the company's financial planning program which...

New export shipment software. (Applicum Systems' XM4, computer software) (Computers) (product announcement)
August 2, 1991... New Export Shipment Software Software house Applicum Systems has introduced XM4, a software package to manage export shipments on IBM AS/400 computers. XM4 operates as a stand-alone system and includes interfaces to other applications such...

Three-year building plan. (Construction)
August 2, 1991... Three-Year Building Plan The Ministry of Finance and the Ministry of Construction and Housing have agreed on a housing plan for the coming three years. The plan calls for an investment exceeding $5 billion to build more than 70,000 housing...

New Tel Aviv convention center. (Tel Aviv, Israel, Israel Trades Fair Center) (Construction)
August 2, 1991... New Tel Aviv Convention Center The Israel Trade Fairs Center is planning to erect an international exhibition and convention center on the Tel Aviv Fair Grounds. The plan is being submitted for approval to the Tel Aviv Planning Committee. The...

Carmiel plant reopening. (Modul Beton Industries' Carmiel, Israel factory) (Construction)
August 2, 1991... Carmiel Plant Reopening The Carmiel plant of Modul Beton Industries, manufacturers of prefabricated housing, was officially reopened in the presence of Minister of Construction and Housing Ariel Sharon and Clal Israel Managing Director David...

More Dovrat Shrem investments. (Dovrat Shrem and Co.) (Construction)
August 2, 1991... More Dovrat Shrem Investments Sources say Dovrat, Shrem and Co. have, in conjunction with other investors, acquired a 5 percent shareholding of El-Rov (Israel) from shareholder Uzi Levzovsky who, prior to the transaction, held 10 percent of...

Rafael in final three. (United States. Department of Defense contract) (Defense and Security)
August 2, 1991... Rafael in Final Three Weapons systems developer and manufacturer Rafael, is one of three companies remaining in the U.S. Department of Defense tender for a surveillance system to be installed in short range UAV's (unmanned aerial vehicles)....

Worldly atmosphere at Weizmann Institute. (Weizmann Institute of Science attracts foreign students) (Education)
August 2, 1991... Worldly Atmosphere at Weizmann Institute An international delegation of 60 outstanding undergraduates are studying at the Karyn Kupcinet International Science School at Rehovot in a summer program which enables them to conduct research under...

Bar Ilan computerizing Cairo Geniza. (Bar-Ilan University, Cairo Genizah, Hebrew manuscript) (Education)
August 2, 1991... Bar Ilan Computerizing Cairo Geniza The Cairo Geniza, a collection of sacred books and documents discovered in a Cairo synagogue in 1896, is being researched in four centers: Cambridge, U.K., New York, Leningrad and at Bar Ilan University....

Oshap acquires distributor in the U.S. (Oshap Technologies Ltd., S.A.T.P. Industries N.V.) (Electronics)
August 2, 1991... Oshap Acquires Distributor in the U.S. Oshap Technologies has acquired its U.S. distributor, S.A.T.P. Industries N.V., for some $5 million which will be paid in the form of Oshap shares worth $4.5 million and the balance in eight annual...

More drilling in Huleh Valley. (Abjack Ltd., Huleh Valley, Israel) (Energy and Fuels)
August 2, 1991... More Drilling in Huleh Valley Abjack Ltd. will undertake three more deep level drills in the Huleh Valley in order to ascertain the commercial value of the natural gas reservoir which is presumed to exist there, following the finds at the...

New oil exploration issue. (Avner Oil Exploration) (Energy and Fuels)
August 2, 1991... New Oil Exploration Issue Avner Oil Exploration, a new limited partnership, is planning to raise about NIS 17 million through an issue of 16.8 million units plus 8.4 million convertible options. The issue is being promoted by Cohen...

Dor wins another tender. (Dor Energy) (Energy and Fuels)
August 2, 1991... Dor Wins Another Tender Dor Energy has been awarded a contract to supply fuel to the Civil Administration in the territories. The contract is for one year effective as of August 1, 1991 and calls for the supply of various types of fuel to...

Israel to tourist fair. (WTM, trade fair, London, England) (Exhibitions, Conferences and Seminars)
August 2, 1991... Israel to Tourist Fair Israel is planning to participate in the WTM tourism fair to be held in London on November 26 through 29. The WTM comes after the ITB fair in Berlin, considered to be the second most important of the industry. The...

Israel to Expo '92. (Expo '92, exposition, Spain) (Exhibitions, Conferences and Seminars)
August 2, 1991... Israel to Expo '92 The Government has approved Israel's participation in Expo '92 scheduled to take place in Spain in April 1992. The Ministry of Finance in conjunction with the Ministry of Foreign Affairs will be responsible for the project...

Japanese Week. (Japanese Embassy in Israel's Japanese Week, seminar, Israel) (Exhibitions, Conferences and Seminars)
August 2, 1991... Japanese Week The Japanese Embassy in Israel is promoting a Japanese Week to be held in the major cities during March 1992. The theme of the week will be "From Tradition to High-Tech" and prominent personalities from industry, the academic...

Exporting ecology. (Israeli environmentally safe products) (Exports)
August 2, 1991... Exporting Ecology The Export Institute has formed a special staff to handle and coordinate the marketing efforts for the export of ecology-related products. Yitzhak Ron, the project coordinator, says this is necessary since these products...

Record budget deficit in 1992. (Israel) (Finance)
August 2, 1991... Record Budget Deficit in 1992 The Ministry of Finance anticipates a record deficit in the 1992 budget of some NIS 15 billion - equivalent to 7 percent of the GNP. The deficit is due to a number of factors which include the recent decision to...

External debt down. (Israel) (Finance)
August 2, 1991... External Debt Down Data published by the Central Bureau of Statistics shows the net external debt of Israel - assets less liabilities - continued to drop in the first quarter of 1991 and amounted to $15 billion. This compares with $15.5...

Rating company to roll. (Israel. Securities Authority's security rating firm) (Finance)
August 2, 1991... Rating Company To Roll The rating company being formed by the Israel Securities Authority to provide rating services on companies quoted on the Tel Aviv Stock Exchange (TASE) will commence operations as of the beginning of September. The...

New activities for Dovrat and Shrem. (Dovrat, Shrem and Co.) (Finance)
August 2, 1991... New Activities for Dovrat and Shrem Dovrat, Shrem & Co., owned by former Clal Israel Chairman Aharon Dovrat and Deputy Managing Director Yitzhak Shrem, have begun to manage investment portfolios on the Tel Aviv Stock Exchange. The new...

Stock exchange sanctions. (Knesset. Committee on Finance) (Finance)
August 2, 1991... Stock Exchange Sanctions The Knesset Finance Committee has empowered the Tel Aviv Stock Exchange to place sanctions on firms who do not meet the due dates for publication of their financial statements. Companies whose statements are one...

Gulf War impact. (effect of Persian Gulf War, 1991- on Israel's gross national product) (Finance)
August 2, 1991... Gulf War Impact Israel lost 2 percent of its GNP, equal to some $1.6 billion, due to the Gulf war, says State Revenue Commissioner Yoram Gabai. There is still a deficit of NIS 1.3 billion in revenue from taxes resulting from the rejection by...

Block on sales of employee shares. (Israel. Government Corporations Authority to block sales of government-owned companies employees' securities) (Finance)
August 2, 1991... Block on Sales of Employee Shares The Government Companies Authority has decided to block the sale of shares held by employees of government-owned companies. Employees who received shares at reduced cost within the framework of the government...

Large wine surplus. (Food, Beverages and Tobacco)
August 2, 1991... Large Wine Surplus The wineries are holding a large surplus of wine estimated at 6,000 to 7,000 tons - equal to about 20 percent of the annual yield. The surplus is held by S.C. Vigneronne Rishon Le Zion and Zichron Yaakov, vintners and...

Osem to import Cadburys. (Osem Food Industries Ltd., Cadbury Schweppes South Africa Ltd.) (Food, Beverages and Tobacco)
August 2, 1991... Osem to Import Cadburys Osem Food Industries is planning to import sweet snacks from Cadbury's of South Africa. Cadbury's is part of the U.K. Schweppes group and is the largest confectionery manufacturer in the U.K. with an annual turnover...

New investor for Attas. (Sol Kesset, Attas Food Industries) (Food, Beverages and Tobacco)
August 2, 1991... New Investor for Attas U.S. investor Sol Kesset will hold 36 percent of Attas Food Industries shares in return for which Kesset will transfer real estate valued at about $14 million of which some $9 million is owed to the banks. The assets...

Emulsifier flotation. (Adumit Chemicals securities) (Food, Beverages and Tobacco)
August 2, 1991... Emulsifier Flotation Evergreen, (see Feature Article in this issue) the Israeli-Canadian investment company, is to underwrite the share issue of Adumit Chemicals, manufacturers of unique vegetarian-based emulsifiers for the food industry....

New cracker. (Matzot-Aviv Israel Danenberg) (Food, Beverages and Tobacco) (product announcement)
August 2, 1991... New Cracker Matzot-Aviv Israel Danenberg, producers of baked goods, has introduced a spicy, onion flavored cracker which does not contain preservatives, food color or cholesterol. Each cracker has 39 calories. The crackers are available for...

Sweet roses to war zone. (Rose of Galilee Chocolate and Candy exports to Yugoslavia) (Food, Beverages and Tobacco)
August 2, 1991... Sweet Roses to War Zone The Rose of Galilee Chocolate and Candy has just completed its first exports shipment to Yugoslavia. The export deal has Rose of Galilee working three shifts to ensure that the entire order will be sent on schedule....

Elsrad to import Asics. (Asics Tiger Corp. products) (Footwear)
August 2, 1991... Elsrad to Import Asics The local importing company Elsrad, will soon begin importing sports shoes manufactured by Asics of Japan. Asics, said to be the new rival to Reebok, Nike and LA Gear is one of the largest Japanese manufacturers of...

The Italian look. (Footwear Manufacturers Association to hire Italian shoe designer to train Israeli shoe industry) (Footwear)
August 2, 1991... The Italian Look The Footwear Manufacturers Association has decided to invite a top-level Italian shoe designer to train local personnel. The association is currently negotiating with a well-known designer and the cost is estimated at about...

Biderman finally sold. (Biderman Insurance Co.) (Insurance)
August 2, 1991... Biderman Finally sold The Israel Land Development Corporation (Hacsharat Hayishuv) has purchased 51 percent of Biderman Insurance Company from Hassneh Insurance. Hachsharat Hayishuv paid NIS 7.1 million for the company and is awaiting the...

Clal into risks insurance. (Clal Insurance Company Ltd., Israel Foreign Trade Risks Insurance Corp.) (Insurance)
August 2, 1991... Clal into Risks Insurance Clal Insurance is planning to acquire a 10 percent to 12 percent interest in the government-owned Israel Foreign Trade Risks Insurance Corporation. Clal Insurance is the only insurance company holding a permit of...

Tungsten recovery ready to go. (Metal Technology) (Metal and Electrical)
August 2, 1991... Tungsten Recovery Ready to Go Two years since construction began in the Ramat Hovev industrial area, south of Beersheba, Metal Technology is ready to start production. The plant will employ 50 people and manufacture some 300 tons of powdered...

Electric Wire issue deferred. (Electric Wire and Cable Company of Israel Ltd.) (Metal and Electrical)
August 2, 1991... Electric Wire Issue Deferred Following receipt of an NIS 11 million order from the Israel Electric Corporation, the planned share issue of Electric Wire & Cable co. has been postponed. The new order amends the sales forecast specified in the...

New scrap smelting plant. (RAS Steel Industries) (Metal and Electrical)
August 2, 1991... New Scrap Smelting Plant Ram Industries is inaugurating its new scrap smelting plant, RAS Steel Industries, in Ashdod. The 5,700 square meter plant occupies a 25-dunam site and represents an investment of about $30 million. The plant will...

New Packer Plada outlet. (Packer Metals) (Metal and Electrical)
August 2, 1991... New Packer Plada Outlet Steel manufacturers Packer Plada are forming a subsidiary, Packer Metals, to process non-ferrous metals and stainless steel. The new company will market sheet metal and bars of stainless steel, aluminum, and copper....

New Elco issue. (Metal and Electrical)
August 2, 1991... New Elco Issue Elco, manufacturers of electrical transformers and equipment, is planning a share issue to raise NIS 25-30 million. The capital is required both for expansion and to finance the acquisition of Clal Industries subsidiary,...

Bumper year for car importers. (Motor Industry)
August 2, 1991... Bumper year for Car Importers The Association of Car Importers foresees a bumper year for car imports to Israel, with total sales expected to break the 100,000 mark, an all time high. Sales for July have hit the 10,000 car mark, extremely...

Mobile cold drinks. (Aficar introduces soft drink refrigerating device for automobiles) (Motor Industry) (product announcement)
August 2, 1991... Mobile Cold Drinks Aficar of Kibbutz Afikim has introduced a new device for motorists. The device will chill or heat a soft drink can and operates from the car cigarette lighter. The first order for 1,000 pieces has been received from...

Diaper "compacts." (Amir Paper Products introduces Ultra-Plus Compact, disposable diaper) (Paper and Publishing) (product announcement)
August 2, 1991... Diaper "Compacts" Amir, Paper Products, manufacturers of Tafnukim brand diapers, has introduced the Ultra-Plus Compact diaper for babies of both genders. The compression technique reduces the volume of the diaper by 40 percent compared to...

Have suntan lotion - will travel. (Fisher Pharmaceuticals Ltd. marketing Ultrasol, suntan lotion) (Pharmaceuticals and Cosmetics)
August 2, 1991... Have Suntan Lotion - Will Travel Fisher Pharmaceuticals, manufacturers and developers of cosmetic and health products for the skin and hair, has initiated a campaign-on-wheels to market its suntan lotion, Ultrasol. The company has hit the...

Lipski first off the mark. (Lipski L.M.) (Plastics and Rubber)
August 2, 1991... Lipski First off the Mark Plastic product manufacturers Lipski L.M. is the first public company to publish their financial statements for the half year ending June 1991. Profits for the period totaled NIS 1 million compared to NIS 311,000...

Airport rail service. (Lod, Israel, airport) (Ports, Roads and Rail)
August 2, 1991... Airport Rail Service A joint team of the Civil Aviation and Ports and Railways Authority is studying the possibility of a rail terminal at Lod airport. The proposal under consideration calls for a passenger and freight rail terminal with...

Record land prices. (Israel. Lands Administration sales) (Real Estate)
August 2, 1991... Record Land Prices The Israel Lands Authority has sold land for the construction of 1,508 apartment for the record sum of NIS 101 million. The largest buyers were Elram Housing Corp. and Ashdar Construction who paid NIS 37 million for land...

Shekem to go public. (Retail)
August 2, 1991... Shekem To Go Public The board of directors of the Shekem department store chain has ratified the decision to sell up to 22 percent of the company to the public, via an issue on the Tel Aviv Stock Exchange (TASE). The issue will go public...

New scouring pads. (Chimgat, 2000) (Retail)
August 2, 1991... New Scouring Pads Two new scouring pads are being marketed by Chimgat (2000), manufacturers of cleaning materials for the home and industry. The pads are composed of stiff fibers and have a handle which allows a comfortable grip. This...

Boom on Israel Shipyards. (Shipping and Shipbuilding)
August 2, 1991... Boom on at Israel Shipyards Haifa based Israel Shipyards is reported to have reached an agreement in principle with a large shipbuilder in Louisiana to build its Shaldag fast patrol boat. Israel Shipyards would acts as sub-contractor for the...

Leisure activities campuses. (Hofesh) (Sports and Entertainment)
August 2, 1991... Leisure Activities Campuses Hofesh (meaning vacation), a new company for the development of leisure activities headed by economist Shmuel Bahat, has begun to establish leisure activity campuses. The project calls for the establishment of...

Movie investment first. (Tel Aviv Stock Exchange) (Sports and Entertainment)
August 2, 1991... Movie Investment First For the first time since the inception of the Tel Aviv Stock Exchange, investors will be offered an opportunity to invest in movie making on a limited partnership basis. Two prospectuses are currently been drawn up...

New auditorium in Tiberias. (Tiberias, Israel) (Sports and Entertainment)
August 2, 1991... New Auditorium in Tiberias A new auditorium representing an investment of $900,000 has been inaugurated in Tiberias on the shores of the Sea of Galilee. The auditorium will show a historical audio-visual presentation depicting chapters in...

Israel to EFTA - "freeze customs." (European Free Trade Association) (Taxes and Customs Duties)
August 2, 1991... Israel to EFTA - "Freeze Customs" Israel is reported as proposing to the European Free Trade Association (EFTA) a mutual freezing of customs duties. The proposals is the first stage in free trade negotiations and if agreement is not reached,...

From red to black at Vitalgo. (earnings) (Textiles)
August 2, 1991... From Red to Black at Vitalgo Vitalgo ended the second quarter of 1991 whit a profit of NIS 118,000, compared to the 1.9 million loss posted for the first quarter of the year. The overall figures for the first half of 1991 show a loss of NIS...