ICEN articles from June 1991

ICEN archives from June 1991

Applied Materials technology center. (Applied Materials Israel opens Israel Technology Center, Tel Aviv, Israel)
June 7, 1991... Applied Materials Technology Center Applied Materials Israel expects to reach $2 million in exports in its first operational year, 1991. The company is a wholly-owned subsidiary of Applied Materials Inc., of the U.S.A., which reported 1990...

$2.3 million order for RADA. (Rada Electronic Industries Ltd.)
June 7, 1991... $2.3 Million Order for RADA RADA Electronic Industries has received a $2.3 million order for automated test equipment (ATE) used to test submarine systems. The contract, signed with a West European conglomerate, is for the performance of...

Arrow to speed ahead. (U.S. agrees to finance Arrow, anti-missile missile)
June 7, 1991... Arrow to Speed Ahead The U.S. has agreed to finance 72 percent of stage two development costs of the Arrow anti-missile missile, estimated at $340 million. The U.S. will also supply Israel with 10 F-15 aircraft. This agreement was reached in...

Elitec sales up 43%. (Elitec Industries)
June 7, 1991... Elitec Sales Up 43% Elitec Industries reported an increase in sales of 43 percent in the first quarter, with sales totaling NIS 1.84 million. Net profit reached NIS 265,000, an increase of 37 percent over the parallel 1990 period. Chairman...

More Ormat in Iceland. (Ormat Turbines contract)
June 7, 1991... More Ormat in Iceland Ormat Turbines has received a $5 million order to supply four geothermic power stations to the electricity company of Iceland. The units have a combined output of 5.2 megawatts. Two Ormat stations are already in...

$15 million order for Tadiran. (Tadiran-Israel Electronics Industries Ltd.)
June 7, 1991... $15 Million Order for Tadiran Koor Industries subsidiary Tadiran has received a $15 million order from the U.S. Army for mobile military computers. This is the first of many orders the company expects to receive in conjunction with a U.S....

Resounding oversubscription for Bezeq.
June 7, 1991... Resounding Oversubscription for Bezeg The NIS 237 million share issue of Bezeq, the government-owned telecommunications company, was a resounding success. The issue closed at a nominal interest of 0.1 percent; subscribers will receive 0.8...

Advertising statistics. (Israel) (Advertising and Public Relations)
June 7, 1991... Advertising Statistics A survey conducted by the Advertisers Association of Israel shows that from January to April, advertising space in the daily newspapers totaled 983,441 inches compared to 1,249,243 inches for the same period last year...

Advertising agencies get MAID service. (Israel Advertising Association, MAID, data bank) (Advertising and Public Relations)
June 7, 1991... Advertising Agencies get MAID Service The Israel Advertising Association has signed an agreement with Adkit, owned by Hezi Lavi and Gil Peretz, to use the British data bank MAID. The association will pay an annual subscription and the member...

Problems in the land of milk and honey. (Israeli honey production) (Agriculture)
June 7, 1991... Problems in the Land of Milk and Honey Sources in the apiary industry say honey production in 1991 will be severely impacted by the outbreak of a bee disease. At the start of the year, it was estimated that honey production would be down by...

Arkia reactivating Kanaf. (Arkia Israel Airlines, Kanaf Arkia Airlines and Aviation Service) (Aviation)
June 7, 1991... Arkia Reactivating Kanaf Arkia Israel Airlines has decided to reactivate subsidiary Kanaf Arkia Airlines and Aviation Services. Company Secretary Dan Yaari says the aim is to expand the company's service services by a separate unit operating...

Air route to Philippines. (Israel. Civil Aviation Authority) (Aviation)
June 7, 1991... Air Route to Philippines The Civil Aviation Authority is studying the viability of operating an air route to the Philippines. In 1951, the two countries signed an air agreement which was never implemented; sources say the Philippine aviation...

Tefahot eligible to become commercial bank. (Tefahot Israel Mortgage Bank) (Banking)
June 7, 1991... Tefahot Eligible to Become Commercial Bank Tefahot Israel Mortgage Bank, the largest mortgage bank in Israel, is eligible to become a commercial bank. Tefahot is owned by United Mizrahi Bank and is the major asset of the Mizrahi group. The...

Maor calls for overseas bank reorganization. (Galia Maor) (Banking)
June 7, 1991... Maor Calls for Overseas Bank Reorganization Bank Leumi Deputy Managing Director Galia Maor told participants at a conference devoted to the overseas operations of the banks that branches and subsidiaries abroad must be completely reorganized...

Agriculture Bank. (Bank of Israel proposes dissolution of Israel Bank of Agriculture) (Banking)
June 7, 1991... Agriculture Bank The Bank of Israel is asking the large commercial banks to incorporate the Israel Bank of Agriculture in their commercial interests with compensation for debts, if applicable, to be paid by the Ministry of Finance. The...

No change at Bank Hapoalim. (earnings) (Banking)
June 7, 1991... No Change at Bank Hapoalim Bank Hapoalim ended the first quarter of 1991 with a net profit of NIS 38 million as opposed to earnings of NIS 37.5 millin for the parallel 1990 period. The net return on equity was 5.7 percent as opposed to 6...

UMB profits increase 17%. (United Mizrahi Bank) (Banking)
June 7, 1991... UMB Profits Increase 17% United Mizrahi Bank ended the first quarter of 1991 with a net profit of NIS 7.9 million, a 17.3 percent increase over the corresponding 1990 period. Net return on capital increased to 5.74 percent as opposed to 4.91...

Dead Sea profits down. (Dead Sea Works Ltd.) (Chemicals)
June 7, 1991... Dead Sea Profits Down In the first quarter of 1991 Dead Seas Works registered a pre-tax profit (excluding subsidiaries) of $11 million compared to $9.6 million for the same period last year. Including subsidiaries, however, net profits for...

New underwater cable to Cyprus. (Bezeq contract) (Communications)
June 7, 1991... New Underwater Cable to Cyprus Bezeq the Israel telecommunications company has signed an agreement with a Cypriot company to lay a new underwater fiber-optic cable between the two countries. Cost of the project is about $8 million and the...

Soviet/Israel satellite broadcasts. (Communications)
June 7, 1991... Soviet/Israel Satellite Broadcasts Communications Minister Raphael Pinhasi is to visit the Sovet Union where he will inaugurate satellite broadcasts between Moscow and Israel. During the visit officials of the Communications Ministry will...

New services from Gateway. (Gateway Communications Inc. licensee TCN) (Communications)
June 7, 1991... New Services from Gateway TCN, the Israeli licensee of the American-based telecommunications company Gateway which recently received an operating license from the Ministry of Communications (See ICEN Vol. 217, TW), has initiated two new...

I.I.S. doubling work force. (I.I.S. Intelligent Information Systems Ltd. enlarges Yokneam, Israel factory) (Computers)
June 7, 1991... I.I.S. Doubling Work Force I.I.S. Intelligent Information Systems, manufacturers of peripheral and communications equipment for IBM computers, is doubling the area of its plant in Yokneam to 3,000 square meters. The expansion will enable the...

National Semiconductor expansion. (Migdal Ha'emek, Israel factory) (Computers)
June 7, 1991... National Semiconductor Expansion National Semiconductor has opened new offices at its facility in Migdal Ha'emek. The former offices have been taken over for the production of imaging products which was transferred from company locations in...

Good first quarter for Clal. (Clal Industries Ltd.) (Conglomerates)
June 7, 1991... Good First Quarter for Clal Clal Israel ended the first quarter of 1991 with a profit of NIS 5 million compared to NIS 1.9 million for the parallel 1990 period. Clal Managing Director David Wainshal says the results were adversely affected...

Israel Corporation results improve. (Conglomerates)
June 7, 1991... Israel Corporation Results Improve The Israel Corporation, owned by Shaul Eisenberg, ended the first quarter of 1991 with an adjusted net profit of NIS 18.1 million compared to NIS 16.6 million for the same period last year. Deputy Chairman...

IDB Bankholding profits soar. (Conglomerates)
June 7, 1991... IDB Bankholding Profits Soar IDB Bankholding Corporation reported net income of NIS 30 million as opposed to NIS 17 million for the parallel 1990 period. This figure includes a capital gain of NIS 7.5 million from the sale of 1 percent of...

Tshuva acquires control of Eilon. (Tshuva Itzhak, Eilon Hotels and Construction) (Construction)
June 7, 1991... Tshuva Acquires Control of Eilon The contracting firm Tshuva Itzhak advised the Tel Aviv Stock Exchange that it has exercised its option to acquire the controlling interest in Eilon Hotels & Construction. Tshuva Itzhak now holds 52.57...

Prefabs to Arad. (Hachsharat Hayishuv to build prefabricated homes in Arad, Israel) (Construction)
June 7, 1991... Prefabs to Arad Hachsharat Hayishuv has been awarded a Ministry of Construction and Housing contract worth NIS 16.5 million to erect 217 prefabricated homes in Arad. The homes are intended for new immigrants. Hachsharat Hayishuv has orderred...

IDF cutbacks. (Israel. Defense Forces, Soltam, Urdan Industries contracts) (Defense and Security)
June 7, 1991... IDF Cutbacks The Israel Defense Forces apparently intends to halt the "Sholef" artillery gun project under development at Soltam, a subsidiary of Koor Industries. Withdrawal of the project will affect Soltam's future. The company ended 1990...

Diamond exports down. (Israel) (Diamonds, Jewelry and Gems)
June 7, 1991... Diamond Exports Down Total diamond exports between January and May reached $1.01 billion compared to $1.2 billion for the same period last year -- a decrease of 18 percent. Exports in May amounted to $218 million -- a drop of 17 percent...

New multi-channel radiometer. (Technion - Israel Institute of Technology scientists develop Octopus, spectroradiometer) (Electronics)
June 7, 1991... New Multi-Channel Radiometer A computerized multi-channel spectroradiometer has been developed by a team of scientists headed by Dr. Ami Ben Shalom of the electro-optics R & D division of the Technion's R & D Foundation. The new system,...

Elta profits up. (Elta Electronics Industries Ltd.) (Electronics)
June 7, 1991... Elta Profits Up Elta Electronics Industries, a subsidiary of Israel Aircraft Industries, ended the first quarter of 1991 with a profit of NIS 7.7 million; this represents a return of 5.8 percent on sales, which totaled NIS 133.1 million for...

Luz powers electric cars. (Luz International Ltd. introduces Luz Industries Ltd.'s refuelable battery) (Energy and Fuels)
June 7, 1991... Luz Powers Electric Cars Luz International of Los Angeles will introduce a refuelable battery to power electric cars. The battery, under development at Luz Electric Fuels in Israel, utilizes a syrup-like zinc slurry mixed with oxygen in the...

Refineries interest in Gadot shares. (Oil Refineries Ltd., Gadot Petrochemical Industries Ltd.) (Energy and Fuels)
June 7, 1991... Refineries Interest in Gadot Shares Oil Refineries is apparently interested in acquiring the 52 percent shareholding of Clal Trading and Delek Investments and Properties in Gadot Petrochemicals. Oil Refineries holds 26 percent of Gadot...

Paz forms new gas company. (Paz Oil Company Ltd., Matan Gas) (Energy and Fuels)
June 7, 1991... Paz Forms New Gas Company Paz Oil has established Matan Gas to compete with the new gas companies Dor Gas, Gal Gas and Or Gas, whose entry into the market has cut prices of gas in bulk to industry and to the West Bank by 50 percent. Agents...

Sonol profits down. (Sonol Israel) (Energy and Fuels)
June 7, 1991... Sonol Profits Down Reports say Sonol Israel ended 1990 with a net profit of NIS 23.94 million -- a decrease of 23 percent over 1989. Sonol is a private company and is not obliged to publish its balance sheet. Sonol is the third largest fuel...

IEC in Hungary. (Israel Electric Corp.) (Energy and Fuels)
June 7, 1991... IEC in Hungary Israel Electric Corporation Chairman Moshe Katz and Chief Scientist of the Energy Ministry Amnon Einav are in Hungary to explore the purchase of power station equipment and to study the efficiency of both conventional and...

Ze'evi strikes Puerto Rican oil. (Gad Zeevi to issue Oil Resources securities) (Energy and Fuels)
June 7, 1991... Ze'evi Strikes Puerto Rican Oil Businessman Gad Ze'evi is planning to issue shares of his Virgin Islands registered company Oil Resources on the Tel Aviv Stock Exchange. The issue is expected to raise some $20 million and at a later date...

EC highlight of International Marketing Week. (International Marketing Week, trade show, Jerusalem, Israel) (Exhibitions, Conferences and Seminars)
June 7, 1991... EC Highlight of International Marketing Week The International Marketing Week to be held next week in Jerusalem will have the European Community at the top of its agenda, like almost every international economic seminar to have been held in...

Integrating Soviet scientists. (American-Israel Economic Corp. conference, New York, New York) (Exhibitions, Conferences and Seminars)
June 7, 1991... Integrating Soviet Scientists Although the spotlight on the ongoing mass immigration from the Soviet Union has been removed, the immigrants continue to arrive daily, being greeted by problems of absorption, housing and employment. In 1990,...

New York Chamber luncheon. (American-Israel Chamber of Commerce and Industry luncheon-conference, New York, New York) (Exhibitions, Conferences and Seminars)
June 7, 1991... New York Chamber Luncheon The American-Israel Chamber of Commerce and Industry will host a special luncheon on June 25 at the Holiday Inn Crown Plaza in New York. The guest speaker will be Michael P. Galvin, assistant secretary of commerce...

Investment ins and outs. (Israeli foreign investments) (Finance)
June 7, 1991... Investment Ins and Outs The Bank of Israel reports that overseas investments by Israeli residents in the first quarter of 1991 amounted to $29 million compared to $37 million for the same quarter of 1990. The decrease is attributed to the...

Renewal of monetary loans. (Bank of Israel) (Finance)
June 7, 1991... Renewal of Monetary Loans The Bank of Israel is renewing its weekly offer of monetary loans to the banks. During June, the Bank of Israel will issue four weekly monetary tenders of NIS 600 million each. In addition, in June the Bank of...

Mortgage recommendations. (Israel. Knesset legislation) (Finance)
June 7, 1991... Mortgage Recommendations The inter-ministerial committee on home mortgages is to submit its recommendations to the Knesset in June. Details have not been published but sources say the proposals include the following recommendations: *...

Stock exchange capital investments. (Tel Aviv Stock Exchange) (Finance)
June 7, 1991... Stock Exchange Capital Investments The Tel Aviv Stock Exchange is to invest about NIS 1 million in establishing a trading infrastructure of new financial tools -- NIS 500,000 will be invested in computerization, NIS 150,000 in professional...

Budget overrun. (Israel) (Finance)
June 7, 1991... Budget Overrun The Ministry of Finance is demanding a cut in government spending due to the increase in the deficit, which on an annual basis could reach NIS 12 billion compared to the planned deficit of NIS 9 billion. The increased deficit...

Record foreign currency reserves. (Bank of Israel) (Finance)
June 7, 1991... Record Foreign Currency Reserves The foreign currency reserves of Israel reached a record high of $6.6 billion at the end of May. The reserves rose in $416 million, primarily due to transfers of special defense aid from the U.S. Furthermore,...

Increased investments in Judea and Samaria. (Israel. Ministry of Trade and Industry approves industrial investment in West Bank, Gaza Strip) (Finance)
June 7, 1991... Increased Investments in Judea and Samaria Investments in the West Bank and Gaza Strip approved by the investment center of the Ministry of Industry and Trade amounted to $36.3 million. The center approved 32 industrial projects including 16...

Good year for food. (Israeli food industry and trade) (Food, Beverages and Tobacco)
June 7, 1991... Good Year for Food Estimates of the Manufacturers Association say turnover of the food industry in 1991 is expected to reach some $6 billion -- an increase of 2 percent over 1990. Exports are forecasted to increase by 8 percent to $700...

Elite profits slightly down. (Elite Industries) (Food, Beverages and Tobacco)
June 7, 1991... Elite Profits Slightly Down Elite Industries registered a profit of NIS 20.7 million in 1990 compared to NIS 21.5 million in 1989--a decrease of 4 percent. Adjusted sales totaled NIS 440 million compared to NIS 468 million in 1989. Sales...

Brill shoes to U.S. (Brill Show Industries contract) (Footwear)
June 7, 1991... Brill Shoes to U.S. Brill Shoe Industries has received an order for $1.5 million from a U.S. company in Boston. The transaction was initiated through the Business Forum, which incorporates 12 southern Israeli cities maintaining mutual trade...

Private brokers beat the banks. (mutual fund management) (Finance)
June 7, 1991... Private Brokers Beat the Banks A survey conducted by financial consultants Meitav shows that eight out of 10 of the top-yielding mutual funds in May were managed by private brokers. The three leading funds were managed by Ronnie Silverman,...

Dearer shoe imports. (Israel. Knesset raises shoe import duties) (Footwear)
June 7, 1991... Dearer Shoe Imports The Knesset finance committee has approved the recommendations of the Ministries of Industry and Trade and Finance to impose duties of 70 percent on shoe imports from the Far East. This is in addition to an uplift for tax...

Rami Ceramics deal may shatter. (Glass and Ceramics)
June 7, 1991... Koor Industries says it is discontinuing negotiations with Koor Industries says it is discontinuing negotiations with the U.S. investment firm Provident for the sale of subsidiary Rami Cerais since Provident had reduced its offer by $2...

Hadar profits up. (Hadar Insurance) (Insurance)
June 7, 1991... Hadar Profits Up Israel Phoenix Insurance subsidiary Hadar Insurance ended the first quarter of 1991 with a profit of NIS 2.8 million compared to NIS 2.1 million for the same period last year -- an increase of 33 percent. Equity increased to...

Menora to offer investment services. (Menora Insurance) (Insurance)
June 7, 1991... Menora to Offer Investment Services Menora Insurance is to establish an investment division. Managing Director Shabtai Angel says stock exchange activities of the insurance companies is on the increase and the companies must reorganize...

Zion profit growth. (Zion Holdings) (Insurance)
June 7, 1991... Zion Profit Growth Zion Holdings reported profits of NIS 592,000 for the first quarter of 1991 compared to NIS 483,000 for the corresponding 1990 period -- an increase of 22 percent. On an annual basis the profit represents a return of 8.6...

Harel Insurance profits drop. (Insurance)
June 7, 1991... Harel Insurance Profit Drop Harel Insurance ended the first quarter of 1991 with a net profit of NIS 3.2 million compared to NIS 3.6 million for the same quarter last year. The decrease in profits is due to the lower margins in elementary...

Industry absorbing new immigrants. (Israel) (Labor)
June 7, 1991... Industry Absorbing New Immigrants A survey conducted by the Manufacturers Association shows that in February and March industrial enterprises absorbed 21,000 new immigrants. Of these, 25 percent were employed in the food industry, 20 percent...

Injunction against Delek. (Litigation)
June 7, 1991... Injuction Against Delek The Tel Aviv District Court has granted an injunction prohibiting Delek, the Israel fuel corporation, from incorporating the balance sheet of subsidiary American Israel Gas Corp. (Amisragas) in its consolidated...

Japhet staying in the U.S. (Ernest Japhet) (Litigation)
June 7, 1991... Japhet Staying in the U.S. Former Bank Leumi managing director Ernest Japhet, one of those accused in the bank shares manipulation case, will not appear in court when the trial opens in Jerusalem in September. Sources say Japhet has a legal...

Eshed Robotec seeking partner. (Metal and Electrical)
June 7, 1991... Eshed Robotec Seeking Partner Eshed Robotec, whose shares are traded over-the-counter in New York, is negotiating for an additional partner to improve the capital structure of the company. Established in 1982, the company is engaged in the...

IEC job for Koor Metals. (Israel Electric Corporation Ltd.) (Metal and Electrical)
June 7, 1991... IEC Job for Koor Metals Koor Industries subsidiary Koor Metals has been awarded a tender by the Israel Electric Corporation to erect the main steel construction at the new Hadera power station. The construction will require some 12,000 tons...

New plastic street lamp. (Gaash Lighting Industries develops Road Lighter, plastic street lamp) (Metal and Electrical)
June 7, 1991... New Plastic Street Lamp An all-plastic street lamp - the "Road Lighter" - has been developed by Gaash Lighting Industries in cooperation with General Electric. Lighter and more rugged than the ones now used for street and highway...

Profit margin controls rescinded. (Israeli policy on automobile imports) (Motor Industry)
June 7, 1991... Profit Margin Controls Rescinded Transportation Minister Noshe Katsav and Finance Minister Yitzhak Moda'i have decide to rescind the controls on car importers restricting their mark-up margins. Since 1985, importers were authorized to apply...

Anti-lice preparation. (Meditrend markets Nok, anti-lice preparation) (Pharmaceuticals and Cosmetics)
June 7, 1991... Anti-Lice Preparation Meditrend, the new Canadian-Israeli joint venture in Israel, has launched its first product - Nok - an anti-lice preparation. The launching was a big success; more than 100,000 units were sold in the first month,...

New direction for Migdal. (Migdal Insurance Co. to form real estate investment company) (Real Estate)
June 7, 1991... New Direction for Migdal Africa Israel Investments, together with its subsidiary Migdal Insurance, is to form a new company to invest in income-yielding property. The objective is to acquire assets as a backup for Migdal's profit-bearing...

Apartment sales down. (Israel) (Real Estate)
June 7, 1991... Apartment Sales Down Data published by the Central Bureau of Statistics for the first quarter of 1991 indicate a drop of 22 percent in sales of new apartments in the private sector -- 2,350 compared to 3,020 in the first quarter of 1990. The...

Luxury flats - for foreign investors only. (Israel) (Real Estate)
June 7, 1991... Luxury Flats - for Foreign Investors Only Contractors are finding it increasingly difficult to sell luxury apartments. In the past four months, prices in shekels have risen by some 20 percent and may have become too expensive for local...

Land prices survey. (Tel Aviv, Israel area) (Real Estate)
June 7, 1991... Land Prices Survey A recent survey reveals that in the past few months land prices for industrial building have increased in the Tel Aviv area. According to the results, Herzliya Pituah is the most expensive area among those surveyed -- with...

NYK to Eilat. (Nippon Yusen KK to open Japan to Elath, Israel shipping route) (Shipping and Shipbuilding)
June 7, 1991... NYK to Eilat The giant Japanese shipping line NYK-Nippon Yusen K.K. intends to operate on the Japan to Eilat route. The move is apparently tied in with the decision of Japanese car manufacturer Toyota to export to Israel, since NYK is the...

Zim sailing on land. (Zim Israel Navigation Company Ltd.) (Shipping and Shipbuilding)
June 7, 1991... Zim Sailing on Land Zim Israel Navigation has formed a joint company for land transportation with the Austrian company Franz Welts. Zim is preparing itself for the changes anticipated following the 1992 European union - the company intends...

Casinos for Eilat. (Israel. Ministry of Finance to establish gambling laws, approval of a casino in Elath, Israel) (Sports and Entertainment)
June 7, 1991... Casinos for Eilat The public committee headed by Judge Benjamin Cohen (Ret.) to recommend policy for lotteries and gambling has submitted its report to Minister of Finance Yitzhak Moda'i. The committee recommends canceling the monopoly of...

Hovering in Eilat. (Aerodium, sports facility, Elath, Israel) (Sports and Entertainment)
June 7, 1991... Hovering in Eilat Behind the Riviera Hotel in Eilat is a new leisure sport facility -- the Aerodium, which allows a human to hover in the air as a bird. Aerodium is a vertical wind tunnel which produces a four meter diameter stream of air...

Government revenues up. (Israel) (Taxes and Customs Duties)
June 7, 1991... Government Revenues Up Government tax revenues in May amounted to NIS 3.4 billion, a 12 percent increase in real terms compared to the same month last year. State Revenue Commissioner Yoram Gabbay says the increase indicates not only better...

Polgat re-equipping. (Polgat Industries) (Textiles)
June 7, 1991... Polgat Re-equipping Polgat Industries is to invest $28 million in new looms and spinning machines. Polgat has requested government aid from the investment center of the Ministry of Industry and Trade; the request is being investigated by the...

Drop in bed nights. (Israeli hotels and motels) (Tourism)
June 7, 1991... Drop in Bed Nights Data published by the Central Bureau of Statistics for April show a drop of 40 percent in hotel bed nights compared with the same month last year. The data applies to hotels in the three to five-star category which...

Memsi to East Europe. (Memsi-Israel Automobile and Touring Club) (Tourism)
June 7, 1991... Memsi to East Europe Memsi-Israel Automobile and Touring Club is to expand its tourism activities in Eastern Europe. Memsi has signed agreements with the automobile associations of Hungary and Czechoslovakia. Memsi President Yoram Cohen says...

Hilton recycling waste water. (Hilton Hotel, Jerusalem. Israel) (Tourism)
June 7, 1991... Hilton Recycling Waste Water The Jerusalem Hilton Hotel is pioneering the recycling of sewage water for irrigation of its gardens. Each year, 250,000 liters of sewage flowed down the drains, but now it flows into a large tank from where it...

Dan still losing. (Dan Hotels Corp.) (Tourism)
June 7, 1991... Dan Still Losing In the first quarter of 1991, the Dan Hotels Corporation registered a loss of NIS 5.9 million compared to a loss of NIS 3.5 million for the same quarter of 1990. For 1990 as a whole, Dan Hotels lost NIS 5.3 million. Sales in...

South Africa trade potential. (Israel. Minister of Trade and Industry Moshe Nissim's report to Israel. Knesset) (Trade)
June 7, 1991... South Africa Trade Potential Industry and Trade Minister Moshe Nissim told the Knesset economic affairs committee that Israel is missing out on trade opportunities with South Africa. Exports in 1990 dropped to $90 million while imports...

Yoram Gabbay. (Personal Profile)
June 7, 1991... YORAM GABBAY State Revenue Commissioner State Revenue Commissioner Yoram Gabbay acknowledges the significance for Israel of large-scale Russian and Ethiopian immigration, but he flatly rejects the Knesset motion of raising taxes to...

Olmert wields giant scalpel. (Israel. Minister of Health Ehud Olmert) (Feature Article)
June 7, 1991... Olmert Wields Giant Scalpel The country's national health system is dangerously ill. It suffers from severe arterial clogging, the result of obesity caused by a diet consisting almost entirely of rich helpings of defunct socialistic...

Too little too late. (Israeli economic history for 1990)
June 7, 1991... Too Little Too Late This well-worn cliche accurately sums up Bank of Israel Governor Michael Bruno's annual report for 1990 regarding the government's efforts to spur the economic growth required to facilitate the successful absorption of...