ICEN articles from March 1990

ICEN archives from March 1990

Latest economic measures. (This Week)
March 7, 1990... Latest Economic Measures Devaluation The Finance Ministry and the Bank of Israel last week announced a series of measures intended to improve business sector profitability and slow the rate of inflation. Foremost among these steps was...

IMF recommendations. (International Monetary Fund) (This Week)
March 7, 1990... IMF Recommendations A visiting International Monetary Fund delegation has recommended that the government make dramatic changes in its economic policies by adopting one of two alternatives: making a significant devaluation and then fixing the...

Maayan leaves Tadiran. (Yosef Maayan, Tadiran-Israel Electronics Industries Ltd.) (This Week)
March 7, 1990... Maayan Leaves Tadiran Tadiran managing director Yosef Maayan will soon be leaving his position. He is to be temporarily replaced by the current Koor Industries director of planning, Gurion Meltzer. Senior Koor officials decided weeks ago to...

Foreign investor interest in Elta. (Elta Electronics Industries Ltd.) (This Week)
March 7, 1990... Foreign Investor Interest in Elta A number of foreign investors have expressed their interest in purchasing 49% of Elta Electronics Industries, while the Eisenberg group and Elbit Computers are also considering the possibility. Elta deals with...

Holiday Inn considers Israel. (This Week)
March 7, 1990... Holiday Inn Considers Israel The Holiday Inn chain is negotiating to build its first hotel in Israel. The five-star 300-room Eilat hotel will entail an investment of tens of millions of dollars. The chain is the world's largest, with 1800...

Government out of meat. (Israel) (This Week)
March 7, 1990... Government out of Meat As part of the liberalization of the meat industry, the government will soon cease meat imports. The Treasury has informed Dan Drach, the director-general of the Ministry of Industry and Trade, that beginning March 31,...

Government out of wheat. (Israel) (This Week)
March 7, 1990... Government out of Wheat The Treasury has announced that the wheat industry reforms will take effect on April 1. As a result, the government will end its involvement in the import of wheat, which will henceforth be in the hands of private...

Success generator. (I.S.G.'s APTOOLS; applications generator program) (This Week)
March 7, 1990... Success Generator According to the Haifa-based software company I.S.G., APTOOLS, the Israeli-developed applications generator program, which runs on Digital computers, has met with great success in France, where over 100 copies of the software...

Smallest counterfeit detector. (developed by Kibbutz Gaash) (This Week)
March 7, 1990... Smallest Counterfeit Detector Kibbutz Gaash has already sold the first of its 10,000 counterfeit bill detecting units -- the world's smallest, although the product was introduced only several months ago. The kibbutz's Gaash Lighting factory...

Market research data. (AdKit Israel market research services) (Advertising & Public Relations)
March 7, 1990... Market Research Data The recently-established Israeli branch of the international AdKit market research firm provides local exporters with marketing data for countries throughout the world, saving manufacturers the cost of doing the research...

Public relations abroad. (Koteret offers services outside Israel) (Advertising & Public Relations)
March 7, 1990... Public Relations Abroad The Koteret public relations company of the Ariely communications group can now provide public relations services throughout Europe for Israeli companies operating in the spheres of light and heavy industry, computers...

More alligators for Clal. (Clal Real Estate's alligator farm in Honduras) (Agriculture)
March 7, 1990... More Alligators for Clal Clal Real Estate is setting up a new alligator farm in Honduras. The company owns 50% of the new farm, through a subsidiary company and is entitled to 45% of the profits. Clal already has alligator farms in Orlando,...

Satellite rocket motor. (Israel Aircraft Industries Ltd. developing rocket motor) (Aircraft Industry)
March 7, 1990... Satellite Rocket Motor Israel Aircraft Industries is developing a rocket motor that is capable of transporting satellites weighing up to 2.1 tons. The motor is capable of launching a satellite from a trajectory at the height of 200 kilometers...

Plane doors from Cyclone. (Cyclone Aviation Products Ltd. contract with McDonnell Douglas Corp.) (Aircraft Industry)
March 7, 1990... Plane Doors from Cyclone Cyclone Aviation Products in Carmiel will supply passenger cabin doors for American airplane manufacturer McDonnell Douglas's new MD-11 passenger jet. The orders expected as a result of this contract should amount to...

SAA flights to Israel. (South African Airways) (Aviation)
March 7, 1990... SAA Flights to Israel SAA, the South African national airline, will add an additional weekly flight to and from Israel beginning in June. This year, 20,000 Israeli tourists are expected to visit South Africa, compared to 17,000 last year and...

Less banking regulation. (Israel) (Banking)
March 7, 1990... Less Banking Regulation An expert committee examining bank regulatory procedures has recommended that the Bank of Israel permit commercial banks to unilaterally raise their charges, on the condition that 30-days advance notice is given to the...

Mortgage financing for foreign residents. (Bank Hapoalim) (Banking)
March 7, 1990... Mortgage Financing for Foreign Residents Bank Hapoalim is starting a new arrangement to enable foreign residents to receive financing for the purchase of apartments under construction. Until now, for various technical reasons, the Bank of...

N.Y. bank losses. (Bank Leumi le-Israel, Bank Hapoalim and Israel Discount Bank Ltd.'s New York branches) (Banking)
March 7, 1990... N.Y. Bank Losses The New York branches of Bank Leumi, Bank Hapoalim and Israel Discount Bank may lose a total $10 million as a result of the collapse of the American Integrated company, which was active in insurance and real estate and had...

Potash profits. (Dead Sea Works Ltd.) (Chemicals)
March 7, 1990... Potash Profits According to unofficial company data, the Dead Sea Works' (a subsidiary of Israel Chemicals) 1989 profits amount to $70 million, up 26% from $55.2 million in 1988. The company benefited from the high prices for potash on world...

Petrochemical stock sale. (Oil Refineries Ltd. to sell Israel Petrochemical Enterprises Ltd. stake) (Chemicals)
March 7, 1990... Petrochemical Stock Sale The Oil Refineries directorship plans to sell its 12.5% holding in Israel Petrochemical Enterprises. The sale will be carried out through a private brokerage house or the investment arm of one the large banks. Several...

ICL chairman. (Emmanuel Sharon to join Israel Chemicals Ltd.) (Chemicals)
March 7, 1990... ICL Chairman Emmanuel Sharon, former director general of the Finance Ministry, is expected to replace Rafi Eitan as chairman of Israel Chemicals. Sharon is expected to assume the post as soon as Eitan's resignation goes into effect. Eitan...

Cellular phone coverage. (now available in Galilee, Israel) (Communications)
March 7, 1990... Cellular Phone Coverage The recent introduction of a new transmitter this month in the Galilee has extended "pelephone" cellular phone service to include the Upper and Central Galilee regions and improved transmission quality in the Golan...

AITEST expert diagnostics. (Intelligent Electronics new expert equipment diagnostic system) (Computers)
March 7, 1990... AITEST Expert Diagnostics Intelligent Electronics has developed AITEST, a real-time expert system used in equipment diagnostics. The software assists in detecting and isolating faults and cuts down test times by eliminating redundant tests. In...

IIS buys Lee Data. (I.I.S. Intelligent Information Systems Ltd.) (Computers)
March 7, 1990... IIS Buys Lee Data IIS Intelligent Information Systems, a Haifa based computer hardware company that is traded OTC on Wall Street, has purchased the commercial and international operations of U.S. based Lee Data, for $8.5 million. The deal will...

IBM to market IBS software. (IBM Israel, International Business Software Inc.) (Computers)
March 7, 1990... IBM to Market IBS Software IBM Israel will begin marketing two software systems developed by IBS International Business Software, Shopman and the Tifalomat. Shopman is a computer-aided manufacturing system intended to support factory...

John Bryce in France. (Computers)
March 7, 1990... John Bryce in France John Bryce of Jerusalem are currently installing an SQL*TEXT data retrieval system for the gigantic archives of the Seine et Marne district in France. In the framework of the contract, John Bryce is to facilitate the...

Major losses for Rosh. (Rosh intelligent Systems Inc.) (Computers)
March 7, 1990... Major Losses for Rosh Rosh Intelligent Systems lost NIS 14 million for the period January - September, 1989 and, according to estimates, is expected to post a NIS 17 million loss for the year. As stated in a recent prospectus published by...

Elbit oversubscribed. (Elbit Computers Ltd.) (Computers)
March 7, 1990... Elbit Oversubscribed An ten-fold oversubscription (representing a demand for NIS 450 million) was registered for the recent Elbit Computers bond issue, allowing the firm to allocate only 10.75% of each potential purchasers requests and that at...

New chairman at Koor. (Eitan Sheshinski appointed interim chairman of Koor Industries Ltd.) (Conglomerates)
March 7, 1990... New Chairman at Koor Professor Eitan Sheshinski, Hevrat Haovdim chairman, has also been appointed interim board chairman of Koor Industries to replace Arnon Gafni, who resigned last month. Histadrut leaders decided that in light of the ongoing...

Koor interest postponed. (Koor Industries Ltd. postponing interest payments) (Conglomerates)
March 7, 1990... Koor Interest Postponed Koor Industries has announced that for the time being it is forced to postpone interest payments on series 1 bonds. The conglomerate had provided funds to its subsidiaries, which, because of their shaky financial...

Clal issuance delay. (Clal Israel Ltd.) (Conglomerates)
March 7, 1990... Clal Issuance Delay Knesset member Dan Tichon has threatened to impede forthcoming security issues by Clal Industries' subsidiaries because of the advertising embargo imposed by Clal on the daily newspaper Maariv in the wake of a series of...

Koor Israel bond holders. (Koor Industries Ltd. to negotiate with Bank Hapoalim and Israel Discount Bank Ltd.) (Conglomerates)
March 7, 1990... Koor Israel Bond Holders The trust companies of Bank Hapoalim and Discount Bank, the trustees of Koor Industries bond holders in Israel, will begin negotiations this week in order to reach a settlement regarding the problematic $120 million in...

Privatizing public building. (Israel) (Construction)
March 7, 1990... Privatizing Public Building Various ministries have requested that they be allowed to hold competitive tenders for their construction projects. At present, most ministries are required to employ Ma'ats, the government Public Works Office....

Blumberg bringing prefabs. (David Blumberg of Anglo Saxon Real Estate Agency to put up 500 prefabricated units) (Construction)
March 7, 1990... Blumberg Bringing Prefabs David Blumberg, owner of Anglo Saxon Real Estate Agency, is interested in building housing for immigrants and to this end, he has organized an investment group from his country of origin, South Africa, to put up 500...

Unclogging the bottlenecks. (Israel's construction approval process to be streamlined) (Construction)
March 7, 1990... Unclogging the Bottlenecks The Finance Ministry intends to propose legislation to allow for the abolition of the Committee for Conservation of Agricultural Lands and the Regional Planning and Construction Commission, in order to streamline the...

Major problems at Soltam. (Defense & Security)
March 7, 1990... Major Problems at Soltam Koor Industries officials are dissatisfied that the goals of Soltam's recovery program are not being met. Shlomo Zabludowicz, who holds 26% of Soltam shares, harshly criticizes the functioning of the company's...

Diamond export rise. (Israel) (Diamonds, Jewelry & Gems)
March 7, 1990... Diamond Export Rise In February, 1990 there was a 13% rise in the dollar value of exports of cut and faceted diamonds over February, 1989, although the trend of decreased exports measured in total number of carats continued. Net diamond...

Second thoughts on Zykor. (Israeli government subsidy that was granted to Zykor California) (Electronics)
March 7, 1990... Second Thoughts on Zykor Senior sources in the Ministry of Industry and Trade dispute the merit of the investment by Rafi Klein's firm Zykor California (see ICEN 162, 18.4) in a Carmiel electronic components factory. At issue is the $130...

Motorola sales up. (Motorola Israel Semiconductors Ltd.) (Electronics)
March 7, 1990... Motorola Sales Up Motorola Israel's turnover reached $223.8 million in 1989, compared to $206 million in 1988. The company's exports reached $83.4 million during 1989, accounting for 37% of the year's sales. Motorola President Elisha Shahmoon...

Tadiran subsidiary sales. (Tadiran-Israel Electronics Industries Ltd. may sell its Electric Wire and Cable, Tadiran Electrical Appliances Group and El Op Electro Optics Industries) (Electronics)
March 7, 1990... Tadiran Subsidiary Sales The steering committee of Tadiran's bank creditors recently met to discuss the company's situation and its liquidity problems in particular. According to a senior banking industry source, the creditors may approve the...

Claridge finalizes Optrotech purchase. (Claridge Israel Inc.) (Electronics)
March 7, 1990... Claridge Finalizes Optrotech Purchase The Claridge Israel group owned by businessman Charles Bronfman recently completed its partial acquisition of Optrotech. The Claridge group will invest $6 million in new equity, at $9 per share and purchase...

Dead Sea oil drilling. (Energy and Fuels)
March 7, 1990... Dead Sea Oil Drilling An American investment group recently received an option from the Israel National Oil Company to invest $5 million in the Dead Sea oil drilling project. The option will be in effect until May 15, which is the estimated...

Energy shutdown. (Israel Ministry of Energy and Infrastructure plans plant shutdowns) (Energy and Fuels)
March 7, 1990... 1 Energy Shutdown The Energy Ministry intends to halt operations at the Israel Electric Corporation's power plant and the Oil Refineries in Haifa, in the wake of an executive order by Environment Minister Roni Milo. These two plants are...

Fuel war continues. (Dor Energy, Sonol Israel, Delek Israel Fuel Corp., Paz Oil Company Ltd.) (Energy and Fuels)
March 7, 1990... Fuel War Continues Competition between Dor Energy and the three veteran fuel companies, Sonol Israel, Delek Israel Fuel Corporation and Paz Oil, is becoming more intense. The veteran firms are enlisting all their financial resources in a...

Gas leak detector. (Pama Electronics develops gas leak detector) (Energy and Fuels)
March 7, 1990... Gas Leak Detector Pama Electronics in the Negev has completed development of a gas leak detector and has begun regular production and export. The detector is a small device intended for discovering leaks in gas cooking ovens and heaters. The...

Beefed-up food inspections. (Israel's Ministry of Trade and Industry) (Exports)
March 7, 1990... Beefed-Up Food Inspections The Ministry of Industry and Trade has received a NIS 50,000 budget increase, to NIS 850,000, for the purpose of food export inspections, enabling it to bring its facilities up to the required standards of the...

No work on revising CIEL. (Israel's Capital Investment Encouragement Law) (Finance)
March 7, 1990... No Work on Revising CIEL The committee set up to recommend changes in the Capital Investment Encouragement Law has been inactive for the last two months in the wake of the resignation of Uri Menashe, its director. The Treasury considers the...

2.3% March CPI forecast. (Israel consumer price index) (Finance)
March 7, 1990... 2.3% March CPI Forecast Economists at the Federation of Israeli Chambers of Commerce expect that the March consumer price index will be 2.3%, assuming that there is no further devaluation of the shekel during the month. Their estimates for the...

Bad February for mutual funds. (Israel) (Finance)
March 7, 1990... Bad February For Mutual Funds Mutual Fund shares lost an average 2% in real terms in February as the nominal 0.9% decline was compounded by an expected cost-of-living rise of about 1%. Only four funds had a positive real return. The sharpest...

Linkage market recovery. (Israeli index-linked bonds) (Finance)
March 7, 1990... Linkage Market Recovery The linked-bonds market will soon show a significant recovery, says Isachar Kaufman, director of mutual funds at Israel Discount Bank. He estimates that there are three factors working now in the linkage market for...

Modai seeking kibbutz investors. (Israeli Economics Minister Yitzhak Moda'i) (Finance)
March 7, 1990... Modai Seeking Kibbutz Investors Economics Minister Yitzhak Moda'i is in the U.S. at the request of the kibbutz industries to drum up investors for 32 kibbutz enterprises. Because of their wish to penetrate new markets, the kibbutzim are...

Future derivative. (Floersheimer Institute for Policy Studies seminar on "Options and Futures Contracts in the Israeli Capital Market") (Finance)
March 7, 1990... Future Derivative The Floersheimer Institute for Policy Studies in Jerusalem held a seminar of "Options and Futures Contracts in the Israeli Capital Market" on March 4. Brief opening comments by Hebrew University Professor Marshal Sarnat...

Price control removal. (Israel) (Finance)
March 7, 1990... Price Control Removal A range of products have been partially removed from price control, according to a directive signed by former Industry and Trade Minister Ariel Sharon immediately prior to his resignation. The directive will go into...

Food fight. (three major Israeli foods companies fight for top spot) (Food, Beverages and Tobacco)
March 7, 1990... Food Fight Three companies are fighting for the leading position in the Israeli food industry: Elite, Osem Food Industries and Israel Edible Products, better known by its main brand name, Telma. The firms, which once had distinct food lines,...

Forum for sale. (Food, Beverages and Tobacco)
March 7, 1990... Forum for Sale The temporary liquidator of Safed-based Forum, which manufactured cigarettes for only a few months until its recent surprise closure, is attempting to sell the firm in the hope that it will be put back into operation, although...

Stock winery sale. (W.E.S.T. Wine and Spirits) (Food, Beverages and Tobacco)
March 7, 1990... Stock Winery Sale Several groups remain interested in the purchase of the W.E.S.T. Wine and Spirits "Stock" winery, including Berl Bessin, the Canadian owner of the Eliaz Binyamina winery; the Baron Wine Cellar; S.C. Vigneronne Rishon Lezion...

Coca Cola offer falls short. (Yakhin Hakal Ltd.) (Food, Beverages and Tobacco)
March 7, 1990... Coca Cola Offer Falls Short After Coca Cola's offer for Yakhin Hakal fell far short of the sellers' expectations, company owners Hevrat Ha'ovdim and the Jewish Agency decided to suspend negotiations with the soft drink manufacturer and open...

Import increase. (Israeli durable goods imports) (Imports)
March 7, 1990... Import Increase There was a significant increase in February of imports of durable goods, excluding dishwashers, compared to February, 1989. For example, new car imports during the month were up 81.6% over last year.

Auto insurance competition. (Israel) (Insurance)
March 7, 1990... Auto Insurance Competition Competition has increased among auto insurance companies in the wake of the disclosure that some of the firms had broken the agreement against giving exceptional discounts for collective plans to large businesses....

Migdal reduces auto rates. (Migdal Insurance Co.) (Insurance)
March 7, 1990... Migdal Reduces Auto Rates Migdal Insurance has received permission from the Finance Ministry's supervisor of insurance to lower comprehensive auto insurance fees by 6%. Migdal is the second insurance company, after Israel Phoenix Insurance to...

Migdal profits. (Migdal Insurance Co.) (Insurance)
March 7, 1990... Migdal Profits Migdal Insurance's 1989 net profits amounted to NIS 20 million, compared to NIS 19.4 million in 1988. Total sales of insurance premiums grew from NIS 597 million in 1988 to NIS 652 million, which represents a real increase of...

Brain drain. (Israeli college graduate unemployment) (Labor)
March 7, 1990... Brain Drain Only 900 of 6,500 unemployed college graduates found jobs in December. This was disclosed in a meeting of the Knesset labor and social welfare committee on the subject of the brain drain from Israel. During the 1976 - 1985, 1,483...

Friction at the exchange. (Tel-Aviv Stock Exchange) (Labor)
March 7, 1990... Friction at the Exchange Management at the Tel Aviv Stock Exchange halted trading activity on Sunday, March 4 in mid-session in response to worker actions during that day. A standstill the next day resulted as workers met to decide on further...

Gaon defense. (Bank of North America's Nissim Gaon) (Litigation)
March 7, 1990... Gaon Defense The family of Nissim Gaon and other defendents in the Bank of North America bankruptcy case have submitted their defense. The bank receiver is suing the partners and bank directors for tens of millions of dollars, claiming that...

Oshap sells shares. (Oshap Technologies Ltd. sells stake in Technomatics) (Medical Equipment)
March 7, 1990... Oshap Sells Shares Oshap Technologies is selling 27.3% of its stake in its Belgium- based European subsidiary, Technomatics for $3.6 million. If a specified profit level is achieved for the next three years, this percentage stake will decline...

Riveting tale. (Kibbutz Or Haner's Ornit Blind Rivets has contract with La Guardia Airport) (Metal and Electrical Industry)
March 7, 1990... Riveting Tale The roof of New York's La Guardia airport will be held down by rivets supplied by Ornit Blind Rivets of Kibbutz Or Haner. This agreement was reached following four years of a cooperative effort by the Ornit staff and specialists...

Street lamp dimmer. (Electrical Accessories Ein Hashofet's new device) (Metal and Electrical Industry)
March 7, 1990... Street Lamp Dimmer The Electrical Accessories Ein Hashofet company of Kibbutz Ein Hashofet has developed a street lamp dimmer that operates automatically, allowing a 50% reduction in electricity consumption by reducing the light intensity to...

Teva profit growth. (Teva Pharmaceutical Industries Ltd.) (Pharmaceuticals and Cosmetics)
March 7, 1990... Teva Profit Growth Teva Pharmaceutical Industries' 1989 profits grew to NIS 31.6 million, compared with NIS 23.6 million in 1988. Company sales also showed a growth of 27% and amounted to NIS 526 million. During the year, the company increased...

Eilat airport bids. (Elath, Israel airport) (Ports, Road and Rail)
March 7, 1990... Eilat Airport Bids Three proposals submitted for the tender for the construction of the new Eilat airport were rejected by the inter-ministerial committee appointed to review the proposals. The disqualified companies are Ashtrom Engineering,...

New town for ultra-Orthodox. (Orthodox-Jewish settlement near Bnai Brak, Israel) (Real Estate)
March 7, 1990... New Town for Ultra-Orthodox A new town for the ultra-Orthodox, containing thousands of housing units, will be established soon near Bnai Brak, which suffers from a severe shortage of housing. The Israel Lands Authority will allocate the land...

Apartment sales up. (Israel) (Real Estate)
March 7, 1990... Apartment Sales Up Despite rosy expectations, sales of new apartments by the nine largest contractors rose only 6% (to 333) over January. The modest rise was attributed to February's shorter length and the 1%-3% rises in prices. Four of the...

Preferred status for Atarot. (North Jerusalem industrial zone) (Real Estate)
March 7, 1990... Preferred Status for Atarot Companies located in North Jerusalem's Atarot industrial zone will benefit from preferred status generally granted to factories situated in a development zone A, as far as participating in defense establishment...

Apartment price increases. (Israel) (Real Estate)
March 7, 1990... Apartment Price Increases March new apartment price increases of 3% in desirable sites indicate contractors are expected to pass along the 1% increase (to 16%) in value-added tax to apartment buyers, despite the pledge of large contractors to...

Rents increase. (Israel) (Real Estate)
March 7, 1990... Rents Increase There was an average 3%-5% rise in rents for small and medium-sized apartments in the central region in February, in contrast to the decline during previous months. Rents for large and luxury apartments held stable.

National Insurance exemption. (Taxes and Customs Duties)
March 7, 1990... National Insurance Exemption Eleven thousand employers and 230,000 self-employed businessmen will not have to pay National Insurance fees for February, which were to have been paid on March 15. The step was taken by the Finance Ministry in...

Time out for taxis. (drivers to put time of day on receipts to prevent tax deductions) (Taxes and Customs Duties)
March 7, 1990... Time Out for Taxis Taxi drivers have been instructed to print the time of day on passengers' receipts in order to prevent unscrupulous riders from submitting taxi receipts as deductible business expenses for trips taken on weekends, holidays...

Hotel price hike for Passover. (Israel) (Tourism)
March 7, 1990... Hotel Price Hike for Passover At the request of industry representatives, Tourism Minister Gideon Patt is allowing hotel owners to raise prices by 10% during Passover week. The Tourist Ministry expects, however, that not all hotels will raise...

Thrifty seeking agency. (Thrifty Rent-A-Car System Inc. looking for Israeli agency) (Tourism)
March 7, 1990... Thrifty Seeking Agency The American Thrifty car rental company is seeking an Israeli representative to replace businessman Haim Shiff, who lost the concession in the wake of his business difficulties. Thrifty officials who visited Israel met...

Hotel grading. (Israel's Ministry of Tourism to consider appeals) (Tourism)
March 7, 1990... Hotel Grading The Tourism Ministry committee on hotel regarding is continuing to consider the appeals of hotel owners. The Hotels Association reports that the committee has decided to accept the appeals of 27 hotels and upgrade them. The...

Luxurious Galilee hotel. (Yossi Hachmi planning luxury hotel) (Tourism)
March 7, 1990... Luxurious Galilee Hotel Yossi Hachmi and family, pharmaceutical importers and manufacturers, plan to build a luxury hotel on the Lake Kineret shore north of Tiberias with a group of Israeli entrepreneurs who are presently remaining anonymous....

Postal Authority bond issue. (Israel) (Utilities)
March 7, 1990... Postal Authority Bond Issue The Postal Authority will shortly come out with a bond issue whose size has not yet been determined. At least some of the bonds are intended for employees. Proceeds from the bond sale are to fund investments in the...

David Azrieli: board chairman of Canit Management, Investment and Financing Ltd. (Personal Profile)
March 7, 1990... DAVIDAZRIELI BOARD CHAIRMAN OF CANIT MANAGEMENT, INVESTMENT AND FINANCING LTD. Vital Statistics Age: 67. Education: B.A. from the University of Montreal with architectural studies and an honorary degree from the Technion (on...

Intifadeh's weaker impact. (This Week)
March 14, 1990... Intifadeh's Weaker Impact According to a recent report published by Bank Hapoalim economists, the estimated total direct cost of the intifadeh to the economy, in terms of reduced production and lost growth, is between $800 million - $1...

Nissim takes over Ministry. (Moshe Nissim; Israel Ministry of Industry and Trade) (This Week)
March 14, 1990... Nissim Takes Over Ministry Ex Finance Minister Moshe Nissim has officially taken over as Minister of Industry and Trade in place of Ariel Sharon. Nissim immediately accepted the resignation of Dan Drach, the ministry's director general, and...