ICEN articles from June 1990

ICEN archives from June 1990

Australian contract for Elta. (Hawker De Havilland Victoria Ltd.; Elta Electronics Industries Ltd.) (This Week)
June 27, 1990... Australian Contract for Elta Elta Electronics Industries, a subsidiary of Israel Aircraft Industries, has been awarded a contract by the Australian Hawker De Havilland company to integrate a friend-or-foe identifier antenna into aircraft...

Robotics for BMW. (Bayerische Motoren Werke AG) (This Week)
June 27, 1990... Robotics for BMW Seventy officials from the largest car, plane and energy firms worldwide convened in Munich recently for the RobCAD Users Convention under the auspices of Technomatics Technologies, a subsidiary of Oshap Technologies....

Koor losses continue. (Koor Industries Ltd.) (This Week)
June 27, 1990... Koor Losses Continue Koor Industries posted huge losses for 1989 totaling $303 million. In 1988, the concern lost $206 million after a debt write-off of $93 million, while in 1987, it lost $252 million. Koor's losses during the last three...

Yam-2 abandoned for now. (This Week)
June 27, 1990... Yam-2 Abandoned for Now Isramco has informed the Tel Aviv Stock Exchange that all production tests at the Yam-2 oil rig have been completed. The last test, which was carried out at 3935 meters, showed that oil could not be produced from that...

Ariely gets "Publitalia". (Ariely Advertising) (Advertising & Public Relations)
June 27, 1990... Ariely gets "Publitalia" Ariely Advertising has been awarded a contract to represent the Italian advertising giant Publitalia in Israel. Publitalia, which has annual sales turnover of $3 billion, is owned by Finninvest, the fourth largest...

Citrus Board abolishment proposal. (Israel Citrus Marketing Board) (Agriculture)
June 27, 1990... Citrus Board Abolishment Proposal MK Yoash Zidon, an adviser to Rafael Eitan, the new Agriculture Minister, has presented a proposal to abolish the Citrus Marketing Board, along with all restrictions on growing and marketing citrus fruit....

Meat exports to U.S. jeopardized. (Agriculture)
June 27, 1990... Meat Exports to U.S. Jeopardized Israeli meat exports to the U.S., which have been on the rise during the last few years, are expected to be harmed by the stringent regulations soon to be introduced by the U.S. Department of Agriculture's...

Limiting liability. (Banking)
June 27, 1990... Limiting Liability The Bank of Israel has come up with a solution for the innocent citizens who once agreed to provide unlimited bank guarantees for an unscrupulous friend or relative on a particular loan and have since discovered that they...

IDB official resigns. (IDB Group; Oudi Recanati) (Banking)
June 27, 1990... IDB Official Resigns Oudi Recanati, son of Raphael Recanati, the principal shareholder of the IDB Group, is resigning from his positions at the firm to go into private business. Since 1986, Oudi Recanati has served as the co-managing...

Interest rate decline. (Banking)
June 27, 1990... Interest Rate Decline The average annual interest on the Bank of Israel's weekly monetary tender to the commercial banks on Thursday was 13.87%, down from 13.94% a week earlier. A total of NIS 1.38 billion was borrowed by the banks. Over the...

Moda'i on banks' insurance involvement. (Yitzhak Modai) (Banking)
June 27, 1990... Moda'i on Banks' Insurance Involvement Finance Minister Yitzhak Moda'i is being asked to decide whether to allow the commercial banks to enter the insurance market. At present, the banks are only interested in marketing existing policies, but...

Interest rate competition. (Banking)
June 27, 1990... Interest Rate Competition The competition in the index-linked loan market is becoming heated. Bank Leumi has announced an additional reduction on interest rates on both fixed and variable-rate loans of this type. Israel Discount Bank is...

Double monetary tender. (Bank of Israel) (Banking)
June 27, 1990... Double Monetary Tender The Bank of Israel has announced that it will offer NIS 80 million in its first tender to the public in July, compared with the NIS 40 million offered during June. On Monday, the interest rate in the tender to the...

ICL shares by negotiation. (Israel Chemicals Ltd.) (Chemicals)
June 27, 1990... ICL Shares by Negotiation Government officials have decided that the sale of a 50% holding in government-owned Israel Chemicals will be accomplished by way of negotiations with potential purchasers, rather than through a public tender. An...

Cable television news. (Communications)
June 27, 1990... Cable Television News According to Ehud Meron, the managing director of I.C.P., which is affiliated with U.S. cable television network CNN, his firm has the rights to broadcast tapes of the American firm's news programs with Hebrew...

Maxwell up to data. (Robert Maxwell) (Communications )
June 27, 1990... Maxwell up to Data Businessman Robert Maxwell has expressed interest in the acquisition of the National Center for Computerized Information, known as COSTI (National Center of Scientific & Technological Information), which the Finance...

Cable TV tender for north. (Communications)
June 27, 1990... Cable TV Tender for North The Cable Broadcasting Council has decided to publish a second tender for cable television broadcasts in the Netanya and Tiberias areas. Only one company, SSH, competed in the original bidding. The council believes...

Minicom introduces Officenet. (Minicom Advanced Systems) (Communications)
June 27, 1990... Minicom Introduces Officenet Minicom Advanced Systems has unveiled its latest computer communication product, Officenet, a simple but sophisticated local area network. Consisting of software and a plug-in board, it takes only 15 minutes to...

More investors in Rosh Intelligent. (Rosh Intelligent Systems Inc.) (Computers)
June 27, 1990... More Investors in Rosh Intelligent Ira Palti, managing director of Rosh Intelligent Systems, has announced a capital infusion of $4 million into his company by both the original investors and new ones. The original investors are Athena...

New applications generator. (MLL Software and Computer Industries) (Computers)
June 27, 1990... New Applications Generator MLL Software and Computer Industries has developed a revolutionary software tool for the development of computerized applications. According to the managing directors of MLL, Amiram Shor and Arye Shemesh, the new...

Treasury opposition to prefabs. (Israel. Ministry of the Treasury; prefabricated homes) (Construction)
June 27, 1990... Treasury Opposition to Prefabs The Treasury continues to oppose imports of prefabricated homes, despite Housing Ministry plans on this score. The Treasury maintains that prefab imports might lead to severe social problems in the long term...

Ackerstein head resigns. (Ackerstein Industries; Natan Hetz) (Construction)
June 27, 1990... Ackerstein Head Resigns Natan Hetz, the managing director of Ackerstein Industries, has declared his intention to resign. The step follows his disagreements with Giora Ackerstein, the company's owner, concerning the company's development and...

ILA transferred to Housing Ministry. (Israel Lands Administration; Israel MInistry of Housing and Construction) (Construction)
June 27, 1990... ILA Transferred to Housing Ministry The Knesset has voted to transfer the Israel Lands Administration from the Agriculture Ministry to the Housing Ministry. Those who opposed the measure claimed that the ILA should actually be part of the...

Immediate import of 3000 prefabs. (prefabricated houses) (Construction)
June 27, 1990... Immediate Import of 3000 Prefabs The "immigration cabinet" has approved plans to import 3000 prefabricated housing units as an interim solution to the problem of providing immigrant housing. Finance Minister Yitzhak Moda'i has warned he will...

Tadiran SINCGARS project retrenches. (Tadiran-Israel Electronics Industries Ltd.) (Electronics)
June 27, 1990... Tadiran SINCGARS Project Retrenches Gurion Meltzer and Moshe Kleinman, respectively the managing directors of Tadiran and its Tadiran Communications Group subsidiary, flew to the United States last week to check on the progress of SINCGARS,...

Galram-Agar know-how export deal. (Galram Technologies Industries) (Electronics)
June 27, 1990... Galram-Agar Know-how Export Deal Galram Technologies Industries, the subsidiary of the Rafael Armament Development Authority whose activities are geared towards the civilian market, has signed a $1-million agreement to sell the U.S.-based...

Riebman versus Tadiran. (Lee Riebman; Tadiran-Israel Electronics Industries Ltd.) (Electronics)
June 27, 1990... Riebman Versus Tadiran American investor Lee Riebman is seriously considering taking drastic action against Tadiran - to the extent that he may go to court to demand the firm's liquidation. Riebman and a group of investors he represents, who...

Luz's Vacuum. (Luz Industries Israel; Vacuum Insulated Products International) (Energy and Fuels)
June 27, 1990... Luz's Vacuum Vacuum Insulated Products International (VIPCO) was recently established to produce and and market products utilizing vacuum-insulation technology, an outgrowth of research conducted in conjunction with Luz Industries Israel's...

Paz plans East-Bloc oil barter. (Paz Oil Company Ltd.) (Energy and Fuels)
June 27, 1990... Paz Plans East-Bloc Oil Barter Paz Oil Company managing director Arye Levy recently visited several Eastern European countries, where he had been trying to interest potential partners in barter transactions involving oil. Informed sources...

Sonol and Paz fight it out. (Sonol Israel; Paz Oil Company Ltd.) (Energy and Fuels)
June 27, 1990... Sonol and Paz Fight It Out In the latest development in the "enriched gasoline wars," Sonol Israel officials claim that Arye Levy, managing director of Paz Oil, threatened Sonol that his firm would lower gasoline prices if Sonol were to go...

Engineering information seminar. (Exhibitions, Conferences & Seminars)
June 27, 1990... Engineering Information Seminar Yael Software and Systems is holding a workshop on engineering information management in Israel. The workshop will be held at the Sheraton Hotel in Tel Aviv on July 2 - 4 and is meant for high-tech engineering...

Judaica conference. (First International Conference of Judaica and Israeli Librarians) (Exhibitions, Conferences & Seminars)
June 27, 1990... Judaica Conference The First International Conference of Judaica and Israeli Librarians will take place at the Ramada Renaissance in Jerusalem from July 2 - 5. The caucus is intended for librarians who work in specialized information centers...

Conference report. (Kenes Congress and Special Events Organizing) (Exhibitions, Conferences & Seminars)
June 27, 1990... Conference Report On the basis of its activity during the first six months of 1990 and its signed contracts for the last half of the year, Kenes Congress and Special Events Organizing expects to bring approximately 12,000 overseas visitors...

Investing in Israel in New York. (Exhibitions, Conferences & Seminars)
June 27, 1990... Investing In Israel in New York The American Stock Exchange and Operation Independence are co-sponsoring an economic conference on Israel. Max Fisher, Eli Hurvitz, and Harvey Krueger are among those who will lead discussion sessions. Along...

Israeli exports endangered by 1992. (1992 marks the Single European Market) (Exports)
June 27, 1990... Israeli Exports Endangered by 1992 According to a study by a team headed by Professor Ben-Zion Zilberfarb of Bar-Ilan University, some 75% of Israeli exports to Europe, including diamonds and agricultural products, will be adversely affected...

U.S. securities pact. (Finance)
June 27, 1990... U.S. Securities Pact Securities Authority chairman Arie Mintkevitch was in the United States recently along with the authority's legal counsel, Shimon Weiss and Justice Ministry representative Tamar Pinhasovitch for talks with Securities and...

Devaluation creep continues. (Finance)
June 27, 1990... Devaluation Creep Continues The Bank of Israel devaluated the shekel by 1.5% on Monday and the the basket of currencies exchange rate is now a record high of NIS 2.2541 and that of the dollar NIS 2.0980. The sizable devaluation after two...

Fund for working-capital credit. (Finance)
June 27, 1990... Fund for Working-Capital Credit Moshe Nissim, the new Minister of Trade and Industry, has proposed the establishment of a fund to provide industry with working-capital credit, which would be guaranteed by the state. The existence of such a...

Oz Investment takeover. (Finance)
June 27, 1990... Oz Investment Takeover The takeover of Oz Investment Company by Avraham Pilz was finalized last week. Pilz will pay Oz's present owners, the Rozov family, $300,000 and assume the company's liabilities. The sale of Oz subsidiary Kim...

Investment law to Finance Committee. (Finance)
June 27, 1990... Investment Law to Finance Committee A proposed Investment Encouragement Law has been submitted to the Knesset finance committee. The purpose of the legislation is to enable foreigners to invest relatively small sums in the Israeli capital...

Sharp jump in mineral water sales. (Food, Beverages and Tobacco)
June 27, 1990... Sharp Jump in Mineral Water Sales Sales of mineral water and soft drinks soared over the weekend as a result of the discovery of high bacteria levels in the Tel Aviv area's water supply. A number of companies have added extra shifts at their...

Value du vin. (Tel-Arza) (Food, Beverages and Tobacco)
June 27, 1990... Value du Vin Tel-Arza wineries, known more for its inexpensive ritual wines and other alcoholic beverages than for high-quality vintages, has begun producing a semi-dry aromatic French Colombard wine under the "Arbel" label. The wine, which...

Coffee from Brazil. (Food, Beverages and Tobacco)
June 27, 1990... Coffee from Brazil The Israeli market will soon be flooded with coffee from Brazil, following the scrapping of import restrictions on goods from several countries. The abolition of these restrictions has already gone into effect for...

Beer from Kiryat Gat. (Kiryat Gat, Israel; Beer Gat) (Food, Beverages and Tobacco)
June 27, 1990... Beer from Kiryat Gat The Finance Ministry's Investments Center Administration has approved the establishment of a new Kiryat Gat company that will produce beer, providing competition for Tempo Beer Industries, which has a virtual monopoly in...

Osem and the Russians. (Food, Beverages and Tobacco)
June 27, 1990... Osem and the Russians Osem is hiring Russian-immigrant food scientists to provide the needed expertise for the development of products intended for export to Eastern European countries. According to Osem board chairman Aharon Meir, some 50...

NTB's out. (non-tariff barriers) (Imports)
June 27, 1990... NTB's Out The Ministry of Industry and Trade has ordered the Standards Institute to cease exploiting product standards and testing requirements in order to provide an additional barrier against imported goods that compete with locally-made...

Sahar first quarter earnings. (Sahar Israeli Insurance) (Insurance)
June 27, 1990... Sahar First Quarter Earnings The Sahar Israeli Insurance company has registered net profits of NIS 598,000 for the first quarter of 1990, compared with NIS 2.1 million for the whole of 1989. The company's equity grew to NIS 19 million and...

Migdal acquires control of Shimshon. (Migdal Insurance Co.; Shimshon Insurance Co.) (Insurance)
June 27, 1990... Migdal Acquires Control of Shimshon The Migdal Insurance Company, part of the Africa Israel Investments group, which in turn is controlled by Bank Leumi, has acquired control of the Shimshon Insurance Company for NIS 34 million. Migdal will...

Rise in unemployment recorded in first quarter. (Labor)
June 27, 1990... Rise in Unemployment Recorded in First Quarter The number of unemployed who have not worked and are actively seeking employment reached an average 144,000 a week during the first quarter of the year. Figures released by the Central Bureau for...

Public sector wage negotiations. (Labor)
June 27, 1990... Public Sector Wage Negotiations According to Yaacov Danon, the official responsible for public-sector wages at the Treasury, should the Histadrut labor federation agree to implement the Zussman Committee recommendations, the Treasury will...

Food technician canned. (Orna Golan) (Litigation)
June 27, 1990... Food Technician Canned According to terms of a restraining order, Orna Golan, former chief food technician at the Gan Shmuel Canning Factory will not be allowed to work for the plant's competitors for a period of 15 months. Kibbutz Gan...

Multi-directional tooth brush. (Medical Equipment)
June 27, 1990... Multi-Directional Tooth Brush In her bi-weekly column on new products for the Asakim business section of the Hebrew daily Maariv, Ruth Shenan writes about a new H-shaped toothbrush invented by Perry Schwartz and produced by the Bluebird...

BIOPHOTON-3 - new therapeutic laser. (Medical Equipment)
June 27, 1990... BIOPHOTON-3 - New Therapeutic Laser BIOPHOTON-3 is a new I.R. Therapeutic-Laser that a practitioner can use as a main therapeutic laser or as a secondary laser. The BIOPHOTON-3 is a high quality device, small, portable, easy to use and...

Dry shower. (Metal and Electrical)
June 27, 1990... Dry Shower Hanan Perry has created an innovative shower, the doors of which are made of a water-resistant material, stretched over aluminum frames, that can be dried with a special wiper blade built into the shower and then rolled up. The...

Why Penthouse Israel flopped. (Monitin Penthouse) (Paper and Publishing)
June 27, 1990... Why Penthouse Israel Flopped "Israeli men are curious, they say yes to every new product but will very seldom buy anything, even a magazine, without approval from their wives," Galia Albin charged in an attempt to explain the failure of her...

Possible Alliance-Samson merger. (Alliance Tire and Rubber Company Ltd.; Samson Tire and Rubber) (Plastics & Rubber)
June 27, 1990... Possible Alliance - Samson Merger Amram Blum, the government-appointed receiver of Koor Industries' Alliance Tire and Rubber company, is considering the merger of Alliance's operations with those of its subsidiary, Samson Tire and Rubber....

Protection for fragile-products. (Plastics & Rubber )
June 27, 1990... Protection for Fragile-Products In her bi-weekly column on new products for the Asakim business section of the Hebrew daily Maariv, Ruth Shenan writes about a new device for wrapping and packaging fragile products. The device, invented and...

Now Thailand too. (Linero Drawing and Measuring Equipment Manufacturers) (Plastics & Rubber)
June 27, 1990... Now Thailand Too Linero Drawing and Measuring Equipment Manufacturers has added a new country customer to its customer list - Thailand - with the sale of measurement and drafting-instrument sets, as well as letter reliefs, to engineering and...

$4 million for Ramat Hovav Road. (Israel) (Ports, Roads, & Rail)
June 27, 1990... $4 Million for Ramat Hovav Road Some $4 million will be invested in widening the Beersheba-Ramat Hovav road from six to nine meters. The work will be financed by the Treasury, the Public Works Department and the companies in the Ramat Hovav...

Cold-storage warehouse protest. (Haifa Workers Council protest) (Ports, Roads, & Rail)
June 27, 1990... Cold-Storage Warehouse Protest The Haifa Workers Council has lodged protests against the Ports Authority's plans to build a second cold-storage warehouse at the Ashdod port, as the Haifa port does not have such a facility at all. The...

Schiff's Eilat plot shifted. (Haim Schiff; Elath, Israel) (Real Estate)
June 27, 1990... Schiff's Eilat Plot Shifted A plot allotted to hotelier Haim Schiff in Eilat for the purpose of building a hotel has been returned to the Israel Land Administration and is up for sale for some $6 million. The new owner of the land will...

Entertainment center for Ashdod. (Ashdod, Israel) (Real Estate)
June 27, 1990... Entertainment Center for Ashdod The Swiss Fleorsheimer family will invest $25 million in the construction of an entertainment and commercial center in Ashdod. The 20,000-sq. m. center will be built by the Kahtan Brothers building...

Solel Boneh sells Panorama interest. (Solel Boneh Investments; Haifa Panorama project) (Real Estate)
June 27, 1990... Solel Boneh Sells Panorama Interest Solel Boneh Investments has sold the Bank Leumi-controlled Africa Israel Investments its 25% interest in the central Haifa Panorama project for approximately $2 million. Africa Israel's partner in the...

Blass to sell TA office building. (David Blass; Tel Aviv, Israel) (Real Estate)
June 27, 1990... Blass to Sell TA Office Building Businessman David Blass is selling the three-story building at 106 Rothschild Boulevard where he maintains his offices. The building has six housing/office units, two per floor, as well as a flat roof that can...

Apartment rentals soar. (Tel Aviv, Israel) (Real Estate)
June 27, 1990... Apartment Rentals Soar Continued demand for rental apartments and the worsening shortage are continuing to exert an upward pressure on prices. For example, several three-room apartments in Holon, just south of Tel Aviv, recently fetched...

Ashdod goes boom. (Ashdod, Israel) (Real Estate)
June 27, 1990... Ashdod Goes Boom Housing construction in Ashdod, nicknamed "Immigrant City," continues at a brisk pace, creating an upward pressure on land prices. Two weeks ago, the Israel Lands Administration put up for auction a 2,800-sq.m. plot on which...

Nimrodi buys out partners. (Yaacov Nimrodi) (Real Estate)
June 27, 1990... Nimrodi Buys Out Partners Australian investors Joseph Brender and Sam Moss have sold their share in Hachsharat Hayishuv to Yaacov Nimrodi, company owner, for $16.4 million. Brender and Moss acquired 50% of Nimrodi Land Development in October...

Clal interest in Hamashbir Lezarchan. (Clal Israel Ltd.) (Retail)
June 27, 1990... Clal Interest in Hamashbir Lezarchan Clal Israel has expressed interest in acquiring control of the Hamashbir Lezarchan department store chain, which is up for sale. The chain is owned by the Hamashbir Hamercazi and the various cooperative...

Bronfman profits again. (Retail)
June 27, 1990... Bronfman Profits Again The Bronfman family realized its option to repurchase a block of Supersol shares and sold them immediately afterwards, earning a profit exceeding 50%. The family carried out the transaction through the Canada Inc....

Upcoming Zim share offering in NY. (Zim Israel Navigation Company Ltd.) (Shipping and Shipbuilding)
June 27, 1990... Upcoming Zim Share Offering in NY The Israel Corporation and the government, principal shareholders of Zim Israel Navigation, are preparing for an October share offering on the New York Stock Exchange. A draft prospectus will soon be...

Shipping prices up. (Shipping and Shipbuilding)
June 27, 1990... Shipping Prices Up Prices for shipping from Israel will rise 2% starting July. Shipping prices to Israel were raised 3% in January according to an agreement with the directors of the Shipping Conference. That same agreement determined that...

Museum for Caesarea. (Qisarya, Israel) (Sports and Entertainment)
June 27, 1990... Museum for Caesarea Banker Harry Recanati has begun the construction of an art museum in Caesarea. Harry Recanati is the eldest of the Recanati brothers, who are active in managing the IDB Group. He left Israel following a dispute with his...

Animated deal. (Israel Audio-Visual Corp.; Israel Educational Television) (Sports and Entertainment)
June 27, 1990... Animated Deal Arye Saban, the owner of the Israel Audio-Visual Corporation (IAC), has a cozy arrangement with Educational Television that saves money for the cash-poor government broadcasting service while providing his firm with a veritable...

Cinemas to revert to Friday movie changes. (Sports and Entertainment)
June 27, 1990... Cinemas to Revert to Friday Movie Changes The Cinema Owners Association has reverted to its previous policy of changing movie schedules on either Saturday nights or Fridays (at those cinemas open on Friday nights), in the wake of the...

Pearl of Jerusalem. (hotel planned for Jerusalem, Israel) (Tourism)
June 27, 1990... Pearl of Jerusalem The Ministry of Industry and Trade's Investment Center has authorized a $14 million investment budget for construction of a 137-room residential hotel, the Pearl of Jerusalem, opposite the Jaffa Gate to the old city. The...

Israel and U.S. to arbitration? (Trade)
June 27, 1990... Israel and U.S. to Arbitration? Israel's disagreement with the U.S. over exports of industrial robots produced by the Sharnoa Electronics company has not yet been settled and may go to arbitration (see ICEN vol. 174, no. 47.3). The heart of...

Israel-Britain to cooperate towards 1992. (Trade)
June 27, 1990... Israel-Britain to Cooperate Towards 1992 Israel and Britain will cooperate on the exchange of information concerning business opportunities and other aspects regarding the preparation of the two countries for the EEC economic unification in...

German consortium reciprocal trade. (Trade)
June 27, 1990... German Consortium Reciprocal Trade A delegation on behalf of the German consortium that has been awarded the contract to build submarines for the Israeli Navy visited here and agreed to a reciprocal purchase arrangement. During the next six...

Treasury wants NIS 100m. for water. (Israel Ministry of the Treasury; NIS represents the Israeli unit of currency) (Utilities)
June 27, 1990... Treasury Wants NIS 100m. for Water Water tariffs are expected to rise soon. The Treasury claims that this measure is due to the expected costs of finding new water sources in view of the population increases brought about by immigration. The...

Electricity down. (Utilities)
June 27, 1990... Electricity Down Finance Minister and acting Minister of Energy Yitzhak Moda'i has decided to lower consumer electricity rates by 4.5%. Since November 1989, electricity prices have been periodically adjusted according to production costs,...

Irma Wolfe - executive vice president, Wolfe Lombard. (Personal Profile)
June 27, 1990... Irma Wolfe Executive Vice President, Wolfe Lombard Personal Details Born and raised in New Bedford, Massachusetts, Ms. Wolfe credits Camp Modin summer camp in helping her form her Zionist Jewish identity. Returning to study after a...

VOA croaks to a halt. (Voice of America) (This Week)
June 20, 1990... VOA Croaks to a Halt Israel's ecological movement won an interim victory in its campaign to thwart construction of the Voice of America relay station last week, as the National Planning and Construction Committee agreed to postpone...

Sharon starts bulldozing. (Ariel Sharon) (This Week)
June 20, 1990... Sharon Starts Bulldozing Housing Minister Ariel Sharon is seriuosly considering importing prefabricated houses on a large scale from South Africa in order to solve the severe housing shortage for young couples and new immigrants. According to...

Oil - question marks remain. (This Week)
June 20, 1990... Oil -- Question Marks Remain Isramco, operators of the Yam-2 offshore oil search, has announced to the stock exchange that its production tests at a depth of 5307 meters were stopped on June 17 due to technical difficulties. Isramco reported...