ICEN articles from December 1990

ICEN archives from December 1990

Balloon provides aerial surveillance.
December 7, 1990... Balloon Provides Aerial Surveillance Rafael Armament Development Authority, has introduced a new captive balloon system that will allow the surveillance of large areas at a reasonable cost. The balloon, which was recently displayed to the press...

Shavit rocket launcher offered to NASA. (Israel Aircraft Industry proposal)
December 7, 1990... Shavit Rocket Launcher Offered to NASA Aviation Week has revealed that Israel Aircraft Industry (IAI) is among the firms that submitted proposals to NASA for the delivery of a low cost, but powerful rocket launching system. The Shavit rocket...

Industrial output up. (Central Bureau of Statistics report on third quarter in Israel)
December 7, 1990... Industrial Output Up Industrial output in Israel was 6 percent higher in the third quarter of 1990 than the second, according to the Central Bureau of Statistics. In the second quarter of 1990, industrial output rose by 3.5 percent. The...

Clal chief on Far Eastern tour. (Aharon Dovrat)
December 7, 1990... Clal Chief on Far Eastern Tour Clal (Israel) Managing Director Aharon Dovrat traveled this week to the Far East for a tour scheduled to last several weeks. He will spend most of his time in Japan, where meetings have been set up with leaders...

Israel supplies to Moscow. (Jewish Agency sends food to handicapped children)
December 7, 1990... Israeli Supplies to Moscow El Al has transported 20 tons of supplies to the Soviet Union, including tomatoes, oranges, melons and milk powder. The shipment was organized by the Jewish Agency, and is intended for handicapped children...

General strike resolved. (Histadrut Labor Organization, Israel Ministry of Finance)
December 7, 1990... General Strike Resolved After a two-day general strike by the public sector, an agreement was reached between the Ministry of Finance and the Histadrut Labor Organization. Under terms of the accord, taxes will not be imposed on study funds...

EC loan to Israel. (European Community's European Investment Bank)
December 7, 1990... EC Loan to Israel The European Community's European Investment Bank, which provides long-term financing, announced on November 29 that it will loan Israel $47 million. According to the statement, the 12-year loan is for industrial...

Mepro to pay Remington $5.35 million. (Mepro Kibbutz Hagoshrim patent suit)
December 7, 1990... Mepro to Pay Remington $5.35 Million According to an agreement reached in New York, Mepro Kibbutz Hagoshrim, manufacturers of delipatory "Epilady", (Soft and Easy) will pay $5.35 million to Remington and all claims and counterclaims will be...

Mizrahi profits up sharply. (United Mizrahi Bank Ltd. )
December 7, 1990... Mizrahi Profits Up Sharply United Mizrahi Bank posted a net income of NIS 7.2 million for the third quarter of 1990, up sharply from the NIS 5 million profit for the parallel 1989 period. This figure translates into a 5.66 percent annual...

Bezeq rings in profits.
December 7, 1990... Bezeq Rings in Profits Net profits at Bezeq totaled NIS 116 million on revenues of NIS 2.02 billion in the first three quarters of 1990, a 180 percent increase over last year. The growth in profits was caused by a number of factors,...

Software exports increase. (Israel)
December 7, 1990... Software Exports Increase Israeli software producers exported $37 million in the first half of 1990, a 23 percent increase over the previous year. Today, 120 computer software houses are active in Israel, employing 4,000 persons. Some of...

Flower export season off on a flying start.
December 7, 1990... Flower Export Season off on a Flying Start The new flower season is off to a strong start with first month shipments and cash receipts well ahead of the 1989/90 season. In four weeks, 30 million blossoms were sold for a net return of $3...

Newspaper advertising up 13%. (Advertising and Public Relations)
December 7, 1990... 1.1 Newspaper Advertising Up 13% In the first three quarters of 1990, advertising volume in newspapers rose 13 percent compared to the same period a year before, according to the Advertiser's Association. The Association attributes the rise...

Concentrate producers on strike. (Agriculture)
December 7, 1990... 2.1 Concentrate Producers to Strike Nine of the 18 factories that manufacture orange juice concentrate will delay picking their fruit and will go on strike at least until January 1, to protest decreased profitability. The factories, including...

Seed research to take place in Israel. (Agriculture)
December 7, 1990... 2.2 Seed Research to Take Place in Israel The Vulcani Institute in Beit Dagan has agreed to develop a number of new vegetable varieties for Pioneer Seeds. Pioneer is a U.S.-based international firm that supplies seeds for agricultural...

Gaza citrus output grows. (Gaza Strip, Israel) (Agriculture)
December 7, 1990... 2.3 Gaza Citrus Output Grows Total output of citrus in the Gaza Strip grew by 61,600 tons over last year, reaching 174,290 tons, the highest annual output on record. Of the total crop, 55 percent was exported to Israel, up from 33 percent...

Proposed Eilat seaweed facility expansion. (Israel)(N.B.T.) (Agriculture)
December 7, 1990... 2.4 Proposed Eilat Seaweed Facility Expansion Eilat based N.B.T., a subsidiary of Japan's Nikkon Sohonsha and producer of the Dunaliella seaweed which contains vitamin Beta- Carotene, has recently asked the Eilat municipality and Israel Lands...

Hapoalim earnings up. (Bank Hapoalim) (Banking)
December 7, 1990... 5.1 Hapoalim Earnings Up Bank Hapoalim posted a net profit of NIS 111.4 million for the first nine months of 1990, a 12.5 percent increase over the corresponding 1989 period. Net return on equity for the period reached 6.2 percent, up from 4...

U.S. banks reduce Israeli credit lines. (Banking)
December 7, 1990... 5.2 U.S. Banks Reduce Israeli Credit Lines A number of large banks in New York, Chicago and San Francisco have notified Israeli banks that they will reduce credit lines extended in the past because of tension in the Persian Gulf; several U.S....

Leumi to sell NY branches. (Bank Leumi)(New York) (Banking)
December 7, 1990... 5.3 Leumi to Sell NY Branches Bank Leumi will sell four of 19 New York branches as part of its efficiency program. The bank also operates a counter at New York's Kennedy Airport (temporarily closed) and a branch in Georgetown on the Cayman...

Discount profits decline. (Banking) (Israel Discount Bank)
December 7, 1990... 5.4 Discount Profits Decline Net profits of Israel Discount Bank in the nine month period ended September 30, 1990 dropped to NIS 41.1 million, compared to NIS 46.8 million in the same period a year earlier, a decline of 12 percent,...

Bank Continental profits improve. (Banking)
December 7, 1990... 5.5 Bank Continental Profits Improve Bank Continental earnings in the third quarter grew to NIS 1.04 million, a 1.2 percent improvement over the corresponding period in 1989. Net earnings for the year were NIS 3.3 million, an increase of 5.9...

Bank Massad earnings up. (Banking)
December 7, 1990... 5.6 Bank Massad Earnings Up Net profits at Bank Massad, a subsidiary of Bank Hapoalim, earned NIS 465,000 for the third quarter of 1990, up 17.4 percent compared to the corresponding period last year. For the first nine months of the year,...

Carmel bank profits down. (Carmel Mortgage & Investment Bank) (Banking)
December 7, 1990... 5.7 Carmel Bank Profits Down In the nine month period ended September 30, 1990, net profits of Carmel Mortgage & Investment Bank stood at NIS 1.1 million, compared to NIS 1.41 million in the same period a year earlier. At September 30, 1990,...

No advance at Kedem. (Kedem Chemicals) (Chemicals)
December 7, 1990... 6.1 No Advance at Kedem Kedem Chemicals earned NIS 438,000 on sales of NIS 6.8 million in the third quarter of 1990, in contrast to profits of NIS 494,000 on sales of NIS 6.5 million for the parallel period last year. For the first nine...

Dead Sea Works profits do sink. (Chemicals)
December 7, 1990... 6.2 Dead Sea Works Profits do Sink Dead Sea Works finished the third quarter of 1990 with a profit of $18.3 million, down from last year's $21.5 million in the corresponding quarter. But profits in the third quarter staged an improvement...

Sano continues to clean up.
December 7, 1990... 6.3 Sano Continues to Clean up Sano, the country's largest manufacturer of household cleaning materials, finished the third quarter of 1990 with a net profit of NIS 1.1 million on sales of NIS 20.3 million. For the first three quarters of...

New ART optical character recognition system. (Advanced Recognition Technologies' Acumen OCR) (Computers)
December 7, 1990... 8.1 New ART Optical Character Recognition System A new optical character recognition program by Advanced Recognition Technologies, "Ot-le-ot" ("signal-to-signal"), will be marketed outside Israel by the U.S. software firm ZSoft, developer of...

New full-application software. (from Quality Computers) (Computers)
December 7, 1990... 8.2 New Full-Application Software Quality Computers has developed a full-application software for accounting, finance, inventory and warehouse management, etc. Aviv, a flower wrapping house in the Hafir Valley industrial zone, utilizes this...

Growing Reshef Computers. (Computers)
December 7, 1990... 8.3 Growing Reshef Computers Reshef Computers expects revenues to reach $40 million in 1990. The company will soon begin marketing personal and portable computers based on the 80386SX and 80486 central processing unit. The computers are...

Optical reader for computer input. (Computers) (optical character recognition system from Ligature)
December 7, 1990... 8.4 Optical Reader for Computer Input Ligature has developed an optical character recognition input system for computers. The system allows printed material to be read into databases or text files faster, cheaper, and more accurately than can...

Program improves thinking. (educational software from Kidum Institute) (Computers) (product announcement)
December 7, 1990... 8.5 Program Improves Thinking Kidum Institute, which specialises in preparing students for psychometric examinations, has developed a computerized system to improve the thinking skills of children 10 to 15 years-old. The program helps...

IDB doubles profits. (IDB Holdings) (Conglomerate)
December 7, 1990... 9.1 IDB Doubles Profits IDB Holdings earned NIS 14.6 million for the third quarter of 1990, a 200 percent increase over the corresponding period last year. For the first three quarters of the year, IDB earned NIS 54.5 million, as opposed to...

Koor shows profit. (Koor Industries) (Conglomerate)
December 7, 1990... 9.2 Koor Shows Profit Koor Industries closed out the third quarter of 1990 with a net profit of NIS 10.4 million, in sharp contrast with losses of NIS 157 million for the same period last year; Tadiran was responsible for losses of NIS 9...

PEC sales, profits up. (PEC Israel Economic Corp.) (Conglomerate)
December 7, 1990... 9.3 PEC Sales, Profits Up PEC Israel Economic Corporation, a member of the IDB Group, earned $5.9 million on revenues of $9.7 million in the third quarter of 1990, as opposed to a profit of $3.9 million on revenues of $8.2 million for the...

Clal Industries profit up. (Conglomerate)
December 7, 1990... 9.4 Clal Industries Profit Up Clal Industries earned NIS 14 million in the third quarter of 1990, up from a profit of NIS 8.9 million for the corresponding 1989 period. Net profits totaled NIS 32 million on sales of $1.1 billion for the...

Clal disposes of "Afikim" brokerage office. (Conglomerate)
December 7, 1990... 9.5 Clal Disposes of "Afikim" Brokerage Office The holding company Clal (Israel) has sold the brokerage firm Afikim to its managing director, Ya'acov Weinstein. Afikim is a subsidiary of Clal's Batucha Securities & Investments, Israel's...

Unlimited imports of used construction equipment. (Israel's Ministry of Construction and Housing lifts restrictions) (Construction)
December 7, 1990... 10.1 Unlimited Imports of Used Construction Equipment The Ministry of Construction and Housing has authorized importation of unlimited amounts of used heavy construction equipment, to facilitate large-scale housing construction. There will be...

Atidim expansion program. (science-based industrial park in northern Tel Aviv) (Construction)
December 7, 1990... 10.2 Atidim Expansion Program The management of Atidim, owner and developer of a science-based industrial park in northern Tel Aviv that is jointly owned by Tel Aviv University and the Tel Aviv municipality, has unveiled a five-year, $25...

Housing starts soar. (Israel's Central Bureau of Statistics) (Construction)
December 7, 1990... 10.3 Housing Starts Soar There were 27,700 housing starts in Israel in the nine month period ended September 30, 1990, compared to 14,500 in the same period a year earlier, according to the Central Bureau of Statistics. Public sector housing...

Solel Boneh receives NIS 500 million in orders. (Solel Boneh Construction and Infrastructure) (Construction)
December 7, 1990... 10.4 Solel Boneh Receives NIS 500 million in Orders In the nine month period ended September 30, 1990, Solel Boneh Construction and Infrastructure received construction orders totaling NIS 500 million, leading Managing Director Shaul Amit to...

Profits stable at Industrial Buildings. (Construction)
December 7, 1990... 10.5 Profits Stable at Industrial Buildings Net profits for the third quarter of 1990 at Industrial Buildings reached NIS 5.6 million, no change from last year. Profits for the first three quarters of 1990 were NIS 19.2 million, a 22 percent...

Helispot detects helicopters. (Rafael Armament Development Authority's new HELISPOT MK.2 acoustic system) (Defense and Security)
December 7, 1990... 13.1 Helispot Detects Helicopters Rafael Armament Development Authority has revealed details about a new acoustic system for detecting helicopters; the HELISPOT MK.2 was developed to enable soldiers to identify helicopters in the battlefield....

Diamond Exchange president in Czechoslovakia. (Diamonds and Gems) (Moshe Schnitzer)
December 7, 1990... 14.1 Diamond Exchange President in Czechoslovakia Recent talks Israeli Diamond Exchange President Moshe Schnitzer had with Czech ministers of finance and industry, and Czechoslovakia's central bank governor, are seen as a possible...

Reading emissions damage aircraft. (environmental damage caused by fuel emissions from electric power station in northern Tel Aviv) (Energy and Fuels)
December 7, 1990... 17.1 Reading Emissions Damage Aircraft A 1982 report on environmental damage caused by fuel emissions from the Reading electric power station in northern Tel Aviv was shelved by the Israel Electric Corp., according to a recent article in the...

U.S. representatives to instruct Israeli investors. (to visit Israel Invest-in-USA Seminar and U.S. Trade Days) (Exhibitions, Conferences, and Seminars)
December 7, 1990... 18.1 U.S. Representatives to Instruct Israeli Investors Representatives of 11 U.S. states, in association with the Council of American States in Europe (CASE), will visit Israel January 22-24, 1991, to participate in an Invest-in-USA Seminar...

Exports expand by 9%. (Israel's merchandise exports) (Exports)
December 7, 1990... 19.1 Exports Expand by 9% Israel's merchandise exports reached approximately $8.25 billion in the first three quarters of 1990, an increase of 9 percent over the corresponding period of 1989. Farm produce exports increased by 28 percent over...

Yafit Model exports soar. (Fashion)
December 7, 1990... 20.1 Yafit Model Exports Soar Textile manufacturer Yafit Model expects 1990 exports of $7 million, compared to $2.8 million in 1989, according to Managing Director Menashe Mol'im. He attributes the expected increase mainly to the firm's...

Heavy losses at Polgat. (Polgat Industries) (Fashion )
December 7, 1990... 20.2 Heavy Losses at Polgat Polgat Industries lost NIS 10.6 million in the third quarter of 1990, up sharply from a NIS 1.3 million loss for the corresponding period last year. The company closed out the first three quarters of the year with...

U.S. subsidiary for Sabi-Line. (Sabi-Store) (Fashion)
December 7, 1990... 20.3 U.S. Subsidiary for Sabi-Line The Sabi-Line fashion house plans to raise $5.75 million on the U.S. capital market to establish a U.S. distributorship--Sabi-Store, to be jointly-owned by an American children's clothing manufacturer that...

Osem sales campaign. (Food, Beverages and Tobacco)
December 7, 1990... 22.1 Osem Sales Campaign The Osemfood company has decided to spend NIS 2 million in a sales promotion campaign, in addition to a recently stepped-up billboard effort, costing several hundred thousand shekels -- all to promote its pastas. The...

Rad Rock quits Izhar acquisition. (Izhar Oil Industry of Israel) (Food, Beverages and Tobacco)
December 7, 1990... 22.2 Rad Rock Quits Izhar Acquisition The U.S. company Rad Rock has suddenly withdrawn from contention for acquisition of Izhar Oil Industry of Israel, after becoming aware that the company's circumstances are materially worse than Izhar's...

Elite profits up. (Food, Beverages and Tobacco)
December 7, 1990... 22.3 Elite Profits Up Elite earned NIS 4.6 million for the third quarter of 1990, up from a net profit of NIS 3.9 million for the same period last year. For the January-September period, profits reached NIS 17.9 million on sales of NIS 323...

Osem shares to be sold. (owned by the Charpak and Katzman families) (Food, Beverages and Tobacco)
December 7, 1990... 22.4 Osem Shares to be Sold The Charpak and Katzman families, partial owners of Osem, have sold their 33 percent share in the company for $26 million; the deal includes the families' shares in Helena Rubenstein. The law office of...

Negev Ceramics profits up. (Glass and Ceramics)
December 7, 1990... 25.1 Negev Ceramics Profits Up According to Negev Ceramics's interim financial statements released on November 28, the company generated after-tax profits of NIS 1.16 million for the first nine months of 1990, compared to a loss of NIS...

Import licenses to be dropped. (Israel's Ministry of Trade and Industry/Ministry of Finance) (Imports)
December 7, 1990... 27.1 Import Licenses to be Dropped As of January 1, 1991, import licenses should no longer be required except for "sensitive" import products. The exposure of domestic products to imports will be achieved by tariff barriers, to be phased out...

Phoenix profits down. (Phoenix Israel Insurance Co.) (Insurance)
December 7, 1990... 28.1 Phoenix Profits Down Phoenix Israel Insurance Co. earned NIS 3.2 million in the third quarter of 1990, down from NIS 3.7 million for the same period last year. Net profits totaled NIS 13.8 million on revenues of NIS 545 million for the...

Phoenix to increase activities in England. (Phoenix Insurance invests in City Fire subsidiary) (Insurance)
December 7, 1990... 28.2 Phoenix to Increase Activities in England Phoenix Insurance is to invest 5 million [pounds] in its British subsidiary City Fire. Phoenix wishes to use this subsidiary as a means to enter the European Economic Community (EEC) in...

Profits grow at Harel. (Harel Insurance) (Insurance)
December 7, 1990... 28.3 Profits Grow at Harel Harel Insurance posted a net profit of NIS 1.8 million for the third quarter of 1990, as opposed to a net profit of NIS 1.7 million for the corresponding 1989 period. Net profits reached NIS 8.5 million for the...

Turnaround at Biderman. (Biderman Insurance) (Insurance)
December 7, 1990... 28.4 Turnaround at Biderman Biderman Insurance, controlled by Hassneh Insurance, posted a net profit of NIS 115,000 for the third quarter of 1990, as compared with losses of NIS 188,000 for the corresponding period last year. Net profits for...

Israeli contractors to train Soviets. (Federation of Contractors and Builders) (Labor)
December 7, 1990... 29.1 Israeli Contractors to Train Soviets The Federation of Contractors & Builders will send 500 construction experts to the Soviet Union to provide training for prospective new immigrants, this in an attempt to attract 25,000 new workers to...

Makefet sues Bezeq for NIS 116 million. (Bezeq-The Israel Telecommunication Corp.) (Litigation)
December 7, 1990... 31.1 Makefet Sues Bezeq for NIS 116 Million The pension and provident fund Makefet plans to file a NIS 116 million suit against Bezeq-The Israel Telecommunication Corp. in respect of past commitments by the fund to Bezeq employees. Bezeq...

Frutarom sues state, railroads. (Electrochemical Industries sues sate of Israel and Ports and Railroads Authority) (Litigation)
December 7, 1990... 31.2 Frutarom Sues State, Railroads Electrochemical Industries (Frutarom) has filed a NIS 1.4 million suit against the State of Israel and the Ports and Railroads Authority for breach of contract. The company claims it had a multi-year...

Healthcare Technologies reduces losses. (Medical Equipment)
December 7, 1990... 32.1 Healthcare Technologies Reduces Losses Healthcare Technologies had losses of approximately NIS 367,000 ($179,000) in the first three quarters of 1990, compared to losses of approximately NIS 795,000 ($368,000) in the same period a year...

Istec reports nine month losses. (Istec-Industries and Technologies Ltd.) (Medical Equipment)
December 7, 1990... 32.2 Istec Reports Nine Month Losses Istec-Industries & Technologies, a holding company that specializes in medical equipment, had losses of approximately NIS 2.6 million ($1.3 million) in the first three quarters of 1990, compared to...

Blood flow scanner. (non-invasive instrument designed by Giora Landsberg, Uri Dinar, and Yehoshua Zeevi) (Medical Instruments)
December 7, 1990... 32.3 Blood Flow Scanner In a cooperative research effort Professor Giora Landsberg of Hadassah-Hebrew University Medical Center in Jerusalem and Professors Uri Dinar and Yehoshua Zeevi of the Technion have produced a non-invasive instrument...

Losses increase at Sela Pumps. (Metal and Electrical Industry)
December 7, 1990... 33.1 Losses Increase at Sela Pumps Sela Pumps lost NIS 2 million on sales of NIS 1.2 million for the third quarter of 1990, as opposed to losses of NIS 547,000 on sales of NIS 1 million for the third quarter of 1989; extraordinary losses for...

Increase in demand for U.S. trucks. (Solel Boneh orders new Kenworth trcuks) (Motor Industry)
December 7, 1990... 34.1 Increase in Demand for U.S. Trucks The drop in the value of the dollar has caused an increase in the demand for U.S. trucks. Solel Boneh has recently ordered nine Kenworth trucks, and another 70 are to be ordered soon. The sale is worth...

Kopel looking to mobilize funds. (Kopel Rent-A-Car) (Motor Industry)
December 7, 1990... 34.2 Kopel Looking to Mobilize Funds Kopel Rent-A-Car is looking to mobilize capital on the American Stock Exchange to expand its activities. The company closed out the third quarter of 1990 with a profit of NIS 214,000, down from NIS...

Eitam signs on option for stake in Orlil. (Eitam Israel Advanced Industries) (Optics)
December 7, 1990... 35.1 Eitam Signs on Option for Stake in Orlil Eitam Israel Advanced Industries has signed on an option to acquire 26 percent of Orlil, a producer of electro-optic optic devices for night viewing. The shares are currently being held by a third...

Cargal profits grow to NIS 3.3 million. (Paper and Publishing)
December 7, 1990... 36.1 Cargal Profits Grow to NIS 3.3 Million Cargal Ltd., a Lod-based firm that manufactures cardboard and containers, finished the first nine months of 1990 with a profit of NIS 3.3 million, a considerable increase over last year's NIS 1.3...

Ballen opens branch. (Ballen Booksellers International opens branch in Israel) (Paper and Publishing)
December 7, 1990... 36.2 Ballen Opens Branch Leonard Schrift, president of Long-Island based Ballen Booksellers International, recently concluded a 10 day visit to Israel. Ballen, an international known supplier of professional and university books, has opened...

More layoffs at Post. (The Jerusalem Post) (Paper and Publishing)
December 7, 1990... 36.3 More Layoffs at Post Yehuda Levi, managing director of The Jerusalem Post, has fired another 30 employees, following a strike in protest of the previous layoff of 27 journalists. "Last night (Monday) I offered a compromise to the...

New Dr. Fisher factory in Jerusalem. (Fisher Pharmaceuticals) (Pharmaceuticals and Cosmetics)
December 7, 1990... 37.1 New Dr. Fisher Factory in Jerusalem Fisher Pharmaceuticals, a manufacturer of skin, eye medicines, and sun screens, has announced plans to build a new manufacturing and research center in Jerusalem's Givat Shaul section. The plant will...

Interpharm program to produce Interleukin 6. (Pharmaceuticals and Cosmetics)
December 7, 1990... 37.2 Interpharm program to produce Interleukin 6 Interpharm has embarked on a program to produce Interleukin 6, a disease fighting substance produced by humans. Once Interleukin becomes available in commercial quantities at reasonable prices,...

New plastics factory in Yokneam. (Keter Plastics)(Israel) (Plastics and Rubber)
December 7, 1990... 38.1 New Plastics Factory in Yokneam Keter Plastics will begin to build a new $15 million plastics manufacturing plant in Yokneam. The factory will receive development area A status, which provides special tax and investment privileges....

New pier in Eilat. (Eilat Economic Company and the Eilat for Shore Development Company Ltd.) (Ports, Roads and Rail)
December 7, 1990... 39.1 New Pier in Eilat The Eilat Economic Company and the Eilat for Shore Development Company Ltd. of the Ministry of Tourism are jointly building a new floating pier for the Eilat Marina, at a cost of approximately $300,000. The pier is...

Ayalon project expansion. (Netivey Ayalon road development plan)(Israel) (Ports, Roads and Rail)
December 7, 1990... 39.2 Ayalon Project Expansion The Netivey Ayalon road development project will include additional north-south construction in 1991 to link its existing roads with the Rishon Lezion coastal road. Agreement was reached between Transportation...

Apartment sales drop. (Real Estate)
December 7, 1990... 40.1 Apartment Sales Drop The nine largest construction companies sold 249 new apartments in November, down from 315 in October. There were four primary factors for this drop: * Uncertainty in the real estate industry in the face of the...

Sky high rents. (Petah Tikva, Israel) (Real Estate)
December 7, 1990... 40.2 Sky High Rents The new "Heart of the City" in the center of Petah Tikva is charging $70 per square meter. The new $10 million shopping center and office complex is scheduled for completion in the near future. The "Heart of the City" is...

Zim profits drop. (Zim Israel Navigation Company Ltd.) (Shipping and Shipbuilding)
December 7, 1990... 42.1 Zim Profits Drop Zim Israel Navigation Co. Ltd. closed out the first three quarters of 1990 with a profit of $25.2 million, as opposed to a profit of $28.3 million for the corresponding period last year. For the third quarter of the...

Losses pile up at Argaman. (Argaman Industries) (Textiles)
December 7, 1990... 45.1 Losses Pile Up at Argaman Argaman Industries lost NIS 2.2 million in the third quarter of 1990, on sales of NIS 14.6 million, as opposed to losses of NIS 2.3 million on sales of NIS 21 million for the corresponding period last year. For...

Dan Hotels profits plunge. (Tourism)
December 7, 1990... 46.1 Dan Hotels Profits Plunge Profits at the Dan Hotels Corporation for the third quarter of 1990 were NIS 1.1 million, a 68 percent drop from the NIS 3.5 million posted for the parallel 1989 period. For the first three quarters of 1990, the...

Hernando Casans: Spanish commercial counselor in Israel. (Personal Profile)
December 7, 1990... HERNANDO CASANS Spanish Commercial Counselor in Israel In 1986 the Spanish government decided that the time had come to establish diplomatic relations between Spain and Israel. An embassy was opened, and soon after, in 1987, a...