ICEN articles from November 1990

ICEN archives from November 1990

Barak missile developers aim for 1991 launch. (BARAK-1, naval anti-ballistic missile, Israel Aircraft Industries Ltd., Rafael)
November 2, 1990... Barak Missile Developers Aim for 1991 Launch The first test launch of the Barak naval missile, developed for the navy by Israel Aircraft Industries and Rafael, has been scheduled for 1991. The advanced missile will defend navy vessels against...

Bush approves U.S. aid. ($15.3 billion foreign aid bill)
November 2, 1990... Bush to Approve U.S. Aid President Bush is expected to sign a $15.3 billion foreign aid package for 1991. Israel and Egypt will be the top recipients of U.S. foreign assistance, receiving more than one-third of the total aid. The bill is part...

Anglo-American ventures. (Anglo-American Corporation of South Africa Ltd.)
November 2, 1990... Anglo-American Ventures The venture capital management company Tolkowsky Kaufmann and van der Schueren (TKS), with offices in Brussels and Tel Aviv, has been retained to manage a venture capital fund for Anglo American Corporation of South Africa...

Authorities to lower gas prices. (Israel. Ministry of Energy and Infrastructure, Israel. Ministry of Finance)
November 2, 1990... Authorities to Lower Gas Prices The Ministry of Energy, in conjunction with the Ministry of Finance, plans on lowering fuel prices in response to price changes on world markets. Price reductions include a 9 percent drop in petrol, a 6 percent...

GE appliance return. (General Electric Corp. to resume marketing appliances in Israel)
November 2, 1990... GE Appliance Return General Electric will market it's products in Israel after a hiatus of three years. The importers, Salon Tokyo Ltd., will import the "White on White" refrigerators from the U.S. Dishwashers, washing machines and other...

Demographics. (Israel)
November 2, 1990... Demographics According to the 1989 statistical yearbook, Israel's population grew by 5 percent, and now stands at 4.72 million: 3.855 million Jews, 644,000 Muslims, 109,000 Christians and 82,000 Druze. Economic growth is currently 4 percent (far...

Hammer may cease drilling. (Armand Hammer, offshore oil exploration, Ashdod, Israel)
November 2, 1990... Hammer May Cease Drilling Armand Hammer, the American industrialist, wants to withdraw from the oil exploration partnership off the shore of Ashdod. Hammer, who is the head of the group of investors, has requested that the Israeli government...

Engineers, academics on strike. (Israel)
November 2, 1990... Engineers, Academics On Strike A good part of the economy was closed down this week when 120,000 public sector workers went on strike October 30, 1990. The professional unions of engineers, electricians, technicians and academics said the strike...

Tourism Ministry to pay cash for tourists. (Israel. Ministry of Tourism)
November 2, 1990... Tourism Ministry to Pay Cash for Tourists In an effort to encourage tourism during a difficult period, the Tourism Ministry has decided to pay cash to large tourist agencies in the U.S., England, United Germany, Scandinavia and France who are...

Raising funds. (financing Israeli immigration)
November 2, 1990... Raising Funds Israeli banks will not be able to raise the amount of capital needed to finance the wave of immigration, according to a senior banking official who spoke out this week. The Finance Ministry has requested that the banks raise $2...

Unique fruit. (Pita Haya, cactus apple) (Agriculture)
November 2, 1990... 2.1 Unique Fruit Searching the worlds' deserts for rare plants would not seem a profitable venture. But Prof. Joseph Mizrahi of Ben-Gurion University of the Negev has spent the last five years searching the arid regions of the earth for unique...

El Al retrofit. (El Al Israel Airlines) (Aviation)
November 2, 1990... 4.1 El Al Retrofit Due to the fall-off in commercial traffic, El Al may retrofit several of its Boeing-747s for cargo service. Four of El Al's jumbo jets are currently used for cargo air freight. A Boeing representative recently visited Israel,...

Tefahot mortgage drop. (Tefahot Israel Mortgage Bank, interest rates) (Banking)
November 2, 1990... 5.1 Tefahot Mortgage Drop Tefahot Israel Mortgage Bank has lowered its interest rate on mortgages to one percent per annum plus linkage to the index. The bank will also offer interest-free loans during the first year, with fixed monthly...

Leumi branch in Budapest. (Bank Leumi le-Israel joint venture) (Banking)
November 2, 1990... 5.2 Leumi Branch in Budapest Bank Leumi will be the first Israeli bank to operate in Eastern Europe following the Bank of Israel's approval of Leumi's request to establish a commercial-investment bank in Budapest. The Hungarian subsidiary will...

Israel Chemicals sale delay. (Chemicals)
November 2, 1990... 6.1 Israel Chemicals Sale Delay The decision to sell or not sell Israel Chemicals has been delayed for 30 days. Minister of Finance Yitzhak Moda'i and Minister of Industry and Trade Moshe Nissim met on October 28> they consider the bid for the...

Israel Chemicals profit plunge. (Chemicals)
November 2, 1990... 6.1 Israel Chemicals Profit Plunge Israel Chemicals posted profits of $21 million in the first half of 1990, down sharply from the $39 million earned during the corresponding period last year. Sales turnover for the period increased to $590...

Optical fiber to Italy. (Bezeq Telecommunications completes optical fiber link) (Communications)
November 2, 1990... 7.1 Optical Fiber to Italy Yoram Elster, Bezeq Telecommunications board chairman, announced the completion of the optical fiber link between Israel and Europe. The announcement was made at El Com '90, the telecommunications exhibition held in...

Questions on share purchase. (Adacom board chairman Mordechai Gura's stock purchases) (Communications)
November 2, 1990... 7.2 Questions on Share Purchase Mordechai Gura, chairman of the Board of Adacom, a high-tech computer communication equipment manufacturer, bought NIS 42,000 worth of Adacom stocks on the Tel Aviv stock exchange, two weeks prior to the...

Optical disc service. (MLM System Engineering to transfer magnetic tape to optical disc) (Computers)
November 2, 1990... 8.1 Optical Disc Service MLM System Engineering is now offering a service to transfer information from magnetic tape to optical disc. Optical discs offer numerous advantages over magnetic tape for storage and recall of information: each optical...

IIS to market Bull-Honeywell. (Intelligent Information Systems Inc., Bull-Honeywell printers) (Computers)
November 2, 1990... 8.2 IIS to Market Bull-Honeywell The Tel Aviv district court has approved an agreement between Largo Meidan Computers, Intelligent Information Systems (IIS) and Dangot Computers. Under the agreement, IIS, in partnership with Dangot, will be the...

OCR software in Europe. (CAD Graphics to market Ligatura's LIOCR 1.0, optical character recognition computer software) (Computers)
November 2, 1990... 8.3 OCR Software in Europe An Italian company, CAD Graphics, has agreed to market an original software program designed by Ligatura, a software development firm. The Italian company will market Ligatura's Optical Character Recognition (OCR)...

Sanyo to use DSP chip. (Sanyo Electric Company Ltd., DSP Group's DSP67000, digital system processing chip) (Computers)
November 2, 1990... 8.4 Sanyo to Use DSP Chip Sanyo will use DSP Group's DSP6 7000 digital system processing chip in its latest generation of transcription machines. The new equipment is the result of a joint venture between Sanyo and DSP. DSP developed the chip...

Clal targets former East Germany. (Clal, Israel, Ltd., production sites) (Conglomerates)
November 2, 1990... 9.1 Clal Targets Former East Germany Clal has chosen what was formerly East Germany as the target location for its East European production sites rather than bankrupt Poland or the Soviet Union. Bonn is expected to inject massive amounts of cash...

Ministry to buy housing units. (Israel. Ministry of Housing and Construction) (Construction)
November 2, 1990... 10.1 Ministry to Buy Housing Units The Ministry of Construction and Housing will buy 3,060 mobile homes and 2,075 imported prefabricated houses. This was agreed upon in a meeting October 29 with the representatives of the Ministry of Finance....

New factories in Ramat Hovev. (Ramat Hovev, Israel) (Construction)
November 2, 1990... 10.2 NEw Factories in Ramat Hovev Four new factories, at an estimated cost of $25 million, are to be built in the Ramat Hovev industrial park, near Beersheba, during 1991, including facilities for the production of pesticides, prefabricated...

Computer sabotage at Leumi. (Bank Leumi le-Israel) (Criminal)
November 2, 1990... 12.1 Computer Sabotage at Leumi Police have arrested five computer-department employees of Bank Leumi on suspicion of having caused damage last week to the bank's central computer. The suspects are said to be cooperating with the police. Last...

No more permits. (Israel. Defense Forces rule on foreign travel permits for military reservists) (Defense and Security)
November 2, 1990... 13.1 No more Permits As of next summer the Israeli Defense Forces (IDF) intends to cancel the long-standing requirement that reserve soldiers, i.e. virtually all males up to age 55, obtain permission from their units to travel abroad. The Human...

Star wars. (Tadiran-Israel Electronics Industries Ltd. develops Israeli Test Bed, anti-ballistic missile system, for Strategic Defense Initiative) (Defense and Security)
November 2, 1990... 13.2 Star Wars With the help of a simulator, the first of it's kind in the world, American and Israeli defense experts hope to provide answers to missile attacks. Imagine the following scenario: The trajectory of a missile can be seen clearly on...

Rada stock split. (Rada Electronic Industries Ltd.) (Electronics)
November 2, 1990... 16.1 Rada Stock Split Rada Electronics Industries shareholders have approved a one-for-two reverse stock split of the firm's ordinary shares during an annual general meeting October 22. The move reduced the number of these shares by a ratio of...

Paz Oil diversification. (Paz Oil Exploration) (Energy and Fuels)
November 2, 1990... 17.1 Paz Oil Diversification Paz Oil Exploration is branching into activities other than its traditional oil and gas searches, in an effort to diversify its business risks. As reported to the Tel Aviv Stock Exchange, the company's board of...

IASPS tax-reform seminar. (Institute for Advanced Strategic and Political Studies) (Exhibitions, Conferences, and Seminars)
November 2, 1990... 18.1 IASPS Tax-Reform Seminar Dr. Jack Menes, a policy analyst for the Division of Economic Policy Research of the Institute for Advanced Strategic and Political Studies, presented his research study on "A Comprehensive Tax-Reform Plan for...

Financial management & accounting. (Columbia-Management Seminars seminar) (Exhibitions, Conferences, and Seminars)
November 2, 1990... 18.2 Financial Management & Accounting Columbia-Management Seminars are organizing a financial management and accounting seminar for managers with formal education in accounting. The seminar will focus on developing accounting and financial...

Foreign currency options. (Tel Aviv Stock Exchange to market Bank of Israel securities) (Finance)
November 2, 1990... 21.1 Foreign Currency Options The Tel Aviv Stock Exchange has begun trading in foreign-currency options, issued by the Bank of Israel since November 1989. Option holders who do not wish to execute the options, will be able to sell them on the...

Experts on 1990 budget deficit. (Migdal experts, Israel) (Finance)
November 2, 1990... 21.2 Experts on 1990 Budget Deficit Economists at Migdal, claim the budget deficit for the current year will be NIS 5 billion. This will necessitate monthly issues of NIS 600 million in government bonds by the Bank of Israel, but should not...

Assessing risk. (Emda investment analysis system) (Finance)
November 2, 1990... 21.3 Assessing Risk Emda, the company that manages the trust funds of United Mizrahi Bank, has developed a new rating model to assess the risk levels of capital market investments. The program is based on a well-known U.S. model, tha "Altman...

Dubek shareholders sell interest. (David Yaglom, Mark Mosevics) (Food, Beverages and Tobacco)
November 2, 1990... 22.1 Dubek Shareholders Sell Interest Dubek minority shareholders DAvid Yaglom and Mark Mosevics have apparently reached a multi-million dollar agreement to sell their 17 percent holding in the company. The purchaser is apparently former...

Supersol American food festival. (Supersol-Springfield Sugar and Products Co. contract) (Food, Beverages and Tobacco)
November 2, 1990... 22.2 Supersol American Food Festival The Supersol chain will hold an "American food festival" in November. According to Supersol Marketing Manager Mordechai Kreiner, $1.5 million of American food products have been ordered from American...

Pasta war. (Osem marketing practices) (Food, Beverages and Tobacco)
November 2, 1990... 22.3 Pasta War Mini-markets and neighborhood groceries are complaining that Osem is useing strong arm tactics in promoting their new pasta line. The salesmen are threatening small businessmen that if they find competitors' pasta on their...

Dead Sea Works appeal. (employee dismissal case) (Labor)
November 2, 1990... 29.1 Dead Sea Works Appeal The national labor court in Jerusalem has ruled in favor of the Dead Sea Works, removing the temporary restraining order issued by the regional labor court that prevented the dismissal of David Shainin, the firm's...

Commentary on Arab workers. (Economic Models' Dr. Yaacov Sheinin interview on Arab labor and the Israel economy) (Labor) (interview)
November 2, 1990... 29.2 Commentary on Arab Workers Dr. Yaacov Sheinin of Economic Models, Clal Israel's internal macro-economics consulting firm, was recently interviewed regarding the importance of Arab labor to the Israeli economy. Israel prevented Arab workers...

Manpower founder on manpower. (Manpower Inc.'s Elmer Winter plans Israel immigrants employment) (Labor) (interview)
November 2, 1990... 29.3 Manpower Founder on Manpower Elmer Winter, founder of the international employment agency Manpower, was in Israel recently to present his plan for the creation of 50,000 jobs for new immigrants. Winter, director of the Wisconsin-based...

Court rejects Bank Hapoalim law suit. (Litigation)
November 2, 1990... 31.1 Court Rejects Bank Hapoalim Law Suit In an unprecedented ruling against Bank Hapoalim, Jerusalem District Court Judge Ruth Orr has rejected the bank's NIS 2 million lawsuit against contrator/businessman Shaul Rahamin. Orr ordered the bank...

Recovering gold from coal. (Israel Electric Corp. report) (Metal and Electrical Industries)
November 2, 1990... 33.1 Recovering Gold from Coal A recent Russian immigrant has developed a new process that could turn coal dust into gold. Yitzhak Hofi, managing director of The Israel Electric Corporation, has confirmed that coal ash contains traces of...

New air-conditioning controller. (Mastair) (Metal and Electrical Industries)
November 2, 1990... 33.2 New Airconditioning Controller Ilan Hirschfeld and Andre Golan, owners of Mastair, have developed a computerized climate controller. The idea is not new--the two men came across it when they were in the U.S. three years ago. They noticed...

Wire & Cable sold. (Electric Wire and Cable) (Metal and Electrical Industries)
November 2, 1990... 33.3 Wire & cable Sold An investment consortium that includes businessman Yuli Ofer and a group of French investors led by David Amar has bought Electric Wire and Cable, a Tadiran subsidiary. The buyers will pay $25.5 million for 65% of Cables'...

Women executives to New York. (Lady Globes, newspaper, sponsors women executives seminar-tour) (Paper and Publishing)
November 2, 1990... 36.1 Women Executives to New York Lady Globes, a supplement of the Hebrew daily financial Globes, is sponsoring the travel of a delegation of women executives to New York. As part of the tour, the executives will meet with female American...

Carmel Containers in Samaria. (Carmel Container Systems Ltd. to open factory in Barkan, Samaria Region, Israel) (Paper and Publishing)
November 2, 1990... 36.2 Carmel Containers in Samaria Carmel Container Systems will establish a $10 million factory in Barkan, Samaria, for the manufacture of corrugated cartons. The company's board of directors decided last June to move the factory from Holon to a...

Careline to acquire Taya. (Taya Israel Cosmetics) (Pharmaceuticals and Cosmetics)
November 2, 1990... 37.1 Careline to Acquire Taya Careline will acquire Taya Israel Cosmetics' cosmetics operations for NIS 10 million. The acquisition will increase Careline's revenues from the present NIS 14 million to NIS 40 million next year, making Careline...

New interferon plant. (Interpharm Laboratories Ltd.) (Pharmaceuticals and Cosmetics)
November 2, 1990... 37.2 New Interferon Plant Interpharm Laboratories Ltd. will establish a genetic eingeering plant to produce "beta interferon". The plan will be completed at the end of 1992, and will commence production in 1993. Interpharm's parent company...

Shikun Ovdim to return land. (Real Estate)
November 2, 1990... 40.1 Shikun Ovdim to Return Land Shikun Ovdim, the Histadrut owned housing and construction holding company, will return 2,308 dunam of land to the Israel Lands Authority. The land has been in the hands of Shikun Ovdim for decades, but has never...

Shipping price-war. (Shipping and Shipbuilding)
November 2, 1990... 42.1 Shipping Price-War A shipping price-war is taking place between the shipping conference companies and their competitors, according to David Barish, of B.C.L.. The conference includes seven foreign companies and two Israeli companies....

Lower real estate purchase tax. (Israel) (Taxes and Customs Duties)
November 2, 1990... 44.1 Lower Real Estate Purchase Tax The tax authorities have changed the purchase taxes for residential houses and agricultural fields. The progressive tax for buyers will be lowered as the brackets are being raised by 14.2 percent. The new law...

Yadin Kaufmann. (Personal Profile)
November 2, 1990... YADIN KAUFMANN Partner, Athena Venture Partners, L.P. Personal Details Age: 31. Born and raised in raised in New York City, Kaufmann graduated from the Ramaz High School and then obtained a B.A. from Princeton University in 1980,...

The IASPS comprehensive tax reform plan. (Institute for Advanced Strategic and Political Studies) (Feature Article)
November 2, 1990... The IASPS Comprehensive Tax Reform Plan The tax system presently used in Israel succeeds in fulfilling the primary mission of any tax system: it collects taxes, up to about half of the gross national product. It does so, however, in a way that...

Women struggle for management positions. (Israel) (Feature Article)
November 2, 1990... Women Struggle for Management Positions Few female managers exist in Israel. Some people claim that women managers are found only in family businesses or as joint managing directors. This is not always the case. Ruth Hirsh, managing director of...

ICEN celebrates its 200th birthday. (ICEN, periodical) (company profile)
November 9, 1990... ICEN Celebrates Its 200th Birthday With this 200th consecutive issue, Sagit Publishing commences the fifth year of publishing ICEN. The staff and directors are taking the liberty of using the front page to thank our investors and our creditors...

Israeli telescope on Soviet spacecraft. (Technion)
November 9, 1990... Israeli Telescope on Soviet Spacecraft The Technion, Israel's leading technical university, will develop a telescope that detects X-rays, as well as parts of an advanced computer that will be used to conduct spcae research on a Soviet...

More power for Sharon. (Israel. Ministry of Housing and Construction's Ariel Sharon)
November 9, 1990... More Power for Sharon The government has given the Housing Ministry free reign to sign contracts with contractors and developers without a tender offer. The decision was opposed by four ministers, including Aryeh Deri and Dan Meridor, who...

Foreign currency reserves up. (Israel)
November 9, 1990... Foreign Currency Reserves Up Israel's foreign currency reserves grew by $44 million in October, totaling $4.2 billion at the end of the month; this figure does not include the transfer of $1.2 billion in American civilian aid to Israel. The...

Taiwan to use Lavi technology. (Israeli Lavi, military airplane)
November 9, 1990... Taiwan to Use Lavi Technology According to the military magazine "Military Technology", Taiwan is developing a new fighter jet based on technology used in the now defunct Israeli Lavi. The magazine details the joint military ventures between...

Defense budget takes second place. (Israeli 1991 budget allotments)
November 9, 1990... Defense Budget Takes Second Place The preliminary 1991 budget shows that NIS 13 billion has been budgeted for the absorption of new immigrants, as opposed to "only" NIS 12 billion for defense. This is the first time since the country's...

Israel requests more military aid.
November 9, 1990... Israel Requests More Military Aid Israel intends to request the U.S. to increase military aid from $1.8 billion to $2.5 billion. This past year, the U.S. Congress approved a one-time increase of $700 million in military assistance and Israel is...

Elbit night systems for Cobras. (Elbit Computers Ltd.'s Gideon Night Vision Goggles Head-Up Display, computer system, Cobra, helicopter)
November 9, 1990... Elbit Night Systems for Cobras The U.S. Marines are close to signing a contract to buy 100 Night Gideon systems designed by Elbit for the Cobra Helicopter. The Gideon Night Vision Goggles Head-Up Display (NVG-HUD) enables the pilot to view his...

Trick or treat. (Taste of Israel contract)
November 9, 1990... Trick or Treat e a te mf sragl acndy dca mry hcs unnj{ef t g MaA}mry Amrnmrat{mp uith 1 oiljimn acpd cr um} h 720,002 e neaiajl fmr ajloueen. T e U.\. Dmmf cnf Frug Administration determined that all candies given to children...

TV ad rate increase. (Israel. Broadcasting Authority) (Advertising and Public Relations)
November 9, 1990... TV Ad Rate Increase The Israel Broadcasting Authority has notified advertising agencies of an impending increase in the cost of sponsoring public-service television announcements. "In order to deal with the rising costs of television...

Advertising revenues increase. (Israel) (Advertising and Public Relations)
November 9, 1990... Advertising Revenues Increase Advertising revenues for 1990 will total $650-670 million, as opposed to $524 million in 1989. This according to the Advertiser's Association. The following increases in advertising revenues were posted during...

Citrus firm restructuring. (Yakhin Hakal Ltd.) (Agriculture)
November 9, 1990... Citrus Firm Restructuring Yakhin Hakal the troubled citrus company, is laying off 200 employees and contracting it's activities. General Manager Arye Geva says the company is preparing a plan to effectively meet the changes taking place in...

Spain buys grass knowhow. (Kfar Ruppin to provide commercial lawn technology to Spanish corporations) (Agriculture)
November 9, 1990... Spain Buys Grass Knowhow Kfar Ruppin, a Jordan Valley Kibbutz, will provide all the neccessary knowhow for the establishment of commercial lawn production in Spain. Kfar Ruppin is the largest producer of "grass acrpe ' {p rcgl, holfing...

Citrus exports down. (Israel) (Agriculture)
November 9, 1990... Citrus Exports Down There has been a 30 percent decrease in the export of citrus fruits since the middle of September. According to statistics obtained from the Citrus Marketing Board, Israel exported 9,400 tons, valued at $5.7 million. Last...

More El Al business seats to New York. (El Al Israel Airlines, New York, New York) (Aviation)
November 9, 1990... More El Al Business Seats to New York El Al has increased the number of business-class seats on its New York bound flights from 34 to 58. This change will enable El Al to satisfy the demand for business class seats, while generating...

Israeli banks in Polly Peck. (Polly Peck Ltd.) (Banking)
November 9, 1990... Israeli Banks in Polly Peck United Mizrahi Bank-London faces losses from the loans it provided the British company Polly Peck. Polly Peck went bankrupt last week and owes more than 1 billion [pound] to 50 banks throughout the world. Three...

Interest rates drop. (Bank of Israel) (Banking)
November 9, 1990... Interest Rates Drop In the Bank of Israel's weekly monetary tender, the interest rate dropped to 14.25 percent, down from 14.75 percent last week. Because of the large number of small participants, average commission rates increased; the...

Schreier investigates UMB. (Bernard Schreier, United Mizrahi Bank Ltd.) (Banking)
November 9, 1990... Schreier Investigates UMB English businessman Bernard Schreier may join the team of ipvg ors being organized by Aharon Meir, former managing director of United Mizrahi Bank, to purchase a controlling interest in United Mizrahi Bank. Meir,...

Frutarom profit jump. (Electrochemical Industries, Frutarom, Ltd.) (Chemicals)
November 9, 1990... Frutarom Profit Jump Electrochemical Industries (Frutarom) Ltd. profits reached $4.2 million in the first nine months of 1990, compared to $2.9 million for the corresponding period of 1989. In the third quarter of 1990, Frutarom made $1.6...

New potassium sulphate process. (Dead Sea Works Ltd.) (Chemicals)
November 9, 1990... New Potassium Sulphate Process Dead Sea Works has developed a new process for the production of potassium sulphate. Following the success of a year-long pilot program, the company has decided to establish a $50 million factory, utilizing...

Network to link industry to academics. (Manufacturers' Association of Israel) (Communications)
November 9, 1990... Network to Link Industry to Academics Industrial factories will soon be able to link up to an exclusive communications network in the fields of R&D, technology and information. This network will improve ties between industrial facilities and...

Software program for England. (Israeli computer software industry plans British marketing campaign) (Computers)
November 9, 1990... Software Program for England A joint British/Israeli task force to facilitate the export of Israeli software to England is being formed. The task force will consist of British industrial leaders in information technology, in conjunction with...

Industrial Buildings privatization. (Construction)
November 9, 1990... Industrial Buildings Privatization The government, which owns 52 percent of the outstanding ares of Industrial Buildings, will soon decide whether to sell off its shares in the company. The value of the shares are estimated at $52...

Tel Aviv residents raise objection. (Maoz Aviv, district, Tel Aviv, Israel, erection of mobile homes) (Construction)
November 9, 1990... Tel Aviv Residents Raise Objection During a meeting with Tel Aviv Mayor Shlomo Lahat, representatives of the Maoz Aviv neighborhood in north Tel Aviv requested that the municipality prohibit the building of mobile homes in their...

Fund manager suspected of embezzlement. (Meitar Institute, Professor Yisrael Averbach) (Criminal)
November 9, 1990... Fund Manager Suspected of Embezzlement Professor Yisrael Averbach, an internationally recognized authority on the detection of metal fatigue, was arrested on suspicion of embezzling funds from the Meitar Institute, a non-profit inventors'...

Embezzlement at Koortrade. (Allen Graham) (Criminal)
November 9, 1990... Embezzlement at Koortrade Koortrade has fired the British finance specialist Allen Graham, who has worked at the London office of Koortrade for the last seven years. Graham, considered a financial genius, turned over tens of millions of...

U.S. Army raises Apache prices. (Apache, helicopter) (Defense and Security)
November 9, 1990... U.S. Army Raises Apache Prices The U.S. Army has raised the price of the Apache helicopter being sold to Israel by $26 million, a 10 percent increase over the original price. The first shipment of McDonnell Douglas's Apaches have already...

Tadiran fails quality tests. (Tadiran Communication Group, United States. Army quality specifications) (Defense and Security)
November 9, 1990... Tadiran Fails Quality Tests Equipment supplied to the U.S. army by the Tadiran Communication Group has failed to meet quality specifications. The goods, part of the SINCGARS project, have received a "C" rating. The next lowest rating would...

IMI becomes government company. (Israel Military Industries) (Defense and Security)
November 9, 1990... IMI Becomes Government Company Israel Military Industries (IMI), until now a government agency (see ICEN Vol. 198 no. 13), has become a government company. Ministers, government officials and IMI management attended the festive ceremony,...