ICEN articles from October 1990

ICEN archives from October 1990

Eagle acquires German textile firm. (Eagle Military Gear Overseas)
October 5, 1990... Eagle Acquires German Textile Firm Eagle Military Gear Overseas, manufacturers and exporters of military clothing and heavy textiles, has acquired 90% of the share capital of a German textile manufacturer for DM 1.9 million. The German company...

Signa to halt Israeli operations. (insurance)
October 5, 1990... Signa to Halt Israeli Operations Signa, the giant European insurance corporation, plans to cease reinsurance operations in Israel. An official statement to this effect was conveyed to the company's representatives in Israel Securitas. Signa's...

Price list for idea men. (Copywriters Association advertising price list) (Advertising and Public Relations)
October 5, 1990... 1.1 Price List for Idea Men In 1988, a price list for advertising slogans was published by the Copywriters Association and circulated among association members. The list is now being offered to the general public. According to the list, an...

No deal. (Agrexco-Noga contract dropped) (Agriculture)
October 5, 1990... 2.1 No Deal The deal signed between Agrexco and the USSR, according to which Agrexco would export agricultural produce to the Soviet Union will not be implemented, Agrexco managing director Dan Zimhi revealed last week. The agreement was signed...

AirUK opens Tel Aviv office. (Tel Aviv, Israel) (Aviation)
October 5, 1990... 4.1 AirUK Opens Tel Aviv Office AirUK has announced the opening of an off-line office in Tel Aviv and the appointment of Merrick J. Silberman as its representative in Israel. AirUK is Britain's third largest scheduled airline, with over 1,100...

Savings plans terms decline. (Israeli banks' savings account interest rates) (Banking)
October 5, 1990... 5.1 Savings Plans Terms Decline The terms of savings plans currently being offered by the banks are not as good as the those available before the new economic plan was announced last week. The Treasury and the Bank of Israel wish to improve the...

Hapoalim Chicago reorganization. (Bank Hapoalim's Chicago branch) (Banking)
October 5, 1990... 5.2 Hapoalim Chicago Reorganization A comprehensive reorganization of the Chicago branch of Bank Hapoalim is being carried out. The branch plans to end services to small customers and concentrate on larger customers, on the assumption that the...

Foreign currency financing change. (Bank of Israel investment financing rule) (Banking)
October 5, 1990... 5.3 Foreign Currency Financing Change Bank of Israel Governor Michael Bruno has signed a new regulation that permits banks to finance their overseas investments with overseas foreign currency assets from Foreign Residents Accounts. Hitherto,...

Second Mortgage issue. (Second Mortgage Market) (Banking)
October 5, 1990... 5.4 Second Mortgage Issue In early October, the Second Mortgage Market company will float an index-linked bond issue worth NIS 27 million. The bonds will be secured by a portfolio of mortgage-secured loans Second Mortgage bought from Carmel Bank...

Leumi's floating rate notes. (Bank Leumi le-Israel) (Banking)
October 5, 1990... 5.5 Leumi's Floating Rate Notes The Bank Leumi group has successfully completed its $75 million floating-rate notes offer through Leumi International Investments N.V., a subsidiary of Bank Leumi incorporated in the Netherlands Antilles. The...

Goldman's partners in IDB bid. (Murray Goldman, Belzberg family, IDB Bankholding Corp.) (Banking)
October 5, 1990... 5.6 Goldman's Partners in IDB Bid The Canadian Belzberg family, which has investments in North America estimated at hundreds of millions of dollars, is one of the partners in the Murray Goldman group contending for the control of IDB Bankholding...

Carmel Olefins gets going at last. (Chemicals)
October 5, 1990... 6.1 Carmel Olefins gets Going at Last The Carmel Olefins petrochemical enterprise is finally underway, officially holding its first board meeting after years of disputes between the two partners, the Oil Refineries and the Israel Petrochemical...

Refineries to sell petrochemical shares. (Oil Refineries Ltd., Israel Petrochemical Enterprises Ltd.) (Chemicals)
October 5, 1990... 6.2 Refineries to Sell Petrochemical Shares Government-owned Oil Refineries is awaiting an opportune moment to sell its 12.5% holding in Israel Petrochemical Enterprises. Petrochemicals management has long contended that Refineries (a...

Malam - AT&T. (Malam Systems, AT and T ISTEL Computer Systems Ltd. contract) (Communications)
October 5, 1990... 7.1 Malam -- AT&T Malam Systems and AT&T-Istel have announced the signing of an agreement for the establishment of an electronic data interchange (EDI) in Israel, based on AT&T-Istel's broad experience performing similar work in Europe and the...

Card-operated payphones. (Israel Military Industries-Bezeq Israel Telecommunications contract) (Communications)
October 5, 1990... 7.2 Card-Operated Payphones Israel Military Industries has begun supplying Bezeq Israel Telecommunications with the latest model of its card-operated public telephone, which will gradually be installed throughout the country. Existing pay-phones...

Reshaping Reshef. (Reshef Computers) (Computers)
October 5, 1990... 8.1 Reshaping Reshef Reshef Computers is expected to rake in net earnings of NIS 2 million this year from hardware sales, based on an annual sales turnover forecasted at NIS 40 million. The company submitted a business plan to the Tel Aviv Stock...

Magic on mainframe. (Magic, computer applications generator, I.I.S. Intelligent Information Systems Ltd.-Mashov Computers contract) (Computers)
October 5, 1990... 8.2 Magic on Mainframe I.I.S. Intelligent Information Systems of Haifa, a manufacturer of computer communications and peripheral equipment and Mashov Computers, developer and exporter of the "Magic" applications generator, have announced...

Real-time pictures. (Militram Futuristic Technologies-Solbourne Israel contract) (Computers)
October 5, 1990... 8.3 Real-Time Pictures An agreement has recently been signed between Militram Futuristic Technologies and Solbourne Israel to supply the Israeli market with computer systems and workstations for handling real time picture transmission. The two...

Chachag leaves Eisenberg. (Edmond Chachag, Eisenberg Group) (Conglomerates)
October 5, 1990... 9.1 Chachag Leaves Eisenberg Edmond Chachag, who was appointed finance manager of the Eisenberg Group only a few months ago, is apparently scheduled to leave the position in several weeks. All involved in the matter refuse to provide an...

New apartment sales down. (Israel) (Construction)
October 5, 1990... 10.1 New Apartment Sales Down Sales of new apartments were down in September, continuing the trend of the past few months, according to reports by the nine large construction companies. During September, they sold 244 apartments, compared with...

Mobile home contracts. (Israel. Ministry of Housing and Construction contracts) (Construction)
October 5, 1990... 10.2 Mobile Home Contracts Malibu Israel and Meshulam Levinstein Contracting & Engineering have won portions of the Ministry of Construction and Housing tender to import mobile homes. Malibu reported to the Tel Aviv Stock Exchange that it would...

Baronowitz on 1,000 housing units. (Baronowitz-Russian Immigrant Association contract) (Construction)
October 5, 1990... 10.3 Baranowitz on 1,000 Housing Units Construction company Baranowitz A.Z. will build 1,000 housing units for the Russian Immigrant Association. Although Baranowitz has generally refrained from openly building for associations, the firm decided...

Gibor Sabrina accused of fraud. (Criminal)
October 5, 1990... 12.1 Gibor Sabrina Accused of Fraud The Securities Authority has filed charges before the Magistrate's Court in Tel Aviv accusing the textile enterprise Gibor Sabrina and its senior management with providing false information in the firm's...

Bezeq head may stand trial. (Bezeq Israel Telecommunications, Zvi Amid) (Criminal)
October 5, 1990... 12.2 Bezeq Head May Stand Trial The Jerusalem District Attorney may indict the managing director of Bezeq Israel Telecommunications, Zvi Amid on charges stemming from his supposed involvement in an irregular Bezeq acquisition deal. Amid advises...

Business as usual at diamond exchange. (Israel Diamond Exchange) (Diamonds)
October 5, 1990... 14.1 Business as Usual at Diamond Exchange The Israel Diamond Exchange has reported "business as usual" with export sales currently running slightly ahead of last year's record pace. Moshe Schnitzer, president of the Exchange made it clear last...

Tadiran bond proposal payment rebuffed. (Tadiran-Israel Electronics Industries Ltd.) (Electronics)
October 5, 1990... 16.1 Tadiran Bond Proposal Payment Rebuffed On September 25, Tadiran bondholders rejected a company proposal for a 5% advance payment on the bonds' principle, or a total of $2.3 million. The company has stated it is willing to honor the...

Tadiran creditor banks demand. (Tadiran-Israel Electronics Industries Ltd.) (Electronics)
October 5, 1990... 16.2 Tadiran Creditor Banks Demand The consortium of Tadiran creditor banks demands that the electronics conglomerate's turnaround plan be revised to include sale of its Tadiran Consumer Products Division, to reduce part of its more than $350...

Another 10%. (Israel petroleum prices) (Energy and Fuels)
October 5, 1990... 17.1 Another 10% Fuel prices will most likely go up less than 10%, as the result of a compromise reached between the Energy Ministry and the Treasury. Under the price-adjustment mechanism used until now, prices were supposed to rise 14% at the...

Dor cracks door. (Dor Energy begins mobile gas station operations) (Energy and Fuels)
October 5, 1990... 17.2 Dor Cracks Door In early August, maverick fuel company principal Shmuel Dankner hinted that as it was so difficult to establish stations in permanent locations, his company would employ unusual marketing methods. On September 9, his company...

Why Mr. Minister? (Israeli and American petroleum price increases) (Energy and Fuels)
October 5, 1990... 17.3 Why Mr. Minister? Since the outbreak of the Persian Gulf crisis on August 2, the price of fuel for motor vehicles in the U.S. has increased 22%. In Israel, however, gasoline prices have jumped 60%. On the eve of the crisis 96-octane fuel...

Annual Hadassah convention in Jerusalem. (Hadassah Organization) (Exhibitions, Conferences, and Seminars)
October 5, 1990... 18.1 Annual Hadassah Convention in Jerusalem The Hadassah Organization will hold its next annual congress, scheduled for July, in Jerusalem. The event will be a tourist event, with a huge delegation of 1,500 to 1,800 Americans and hundreds of...

Balance sheets and financial reports. (Meirav Training seminar) (Exhibitions, Conferences, and Seminars)
October 5, 1990... 18.2 Balance Sheets and Financial Reports Meirav Training is organizing a seminar on "How to Read Balance Sheets and Financial Reports". The seminar, to be managed by Accountant Reuven Einhorn, will take place at the Sharon Hotel in Herzliya...

U.S. television marketing. (Q.V.C. to market Israeli-made products) (Exports)
October 5, 1990... 19.1 U.S. Television Marketing The American Q.V.C. company, which markets products on television, will commence marketing Israeli-made goods early in 1991. A three-hour broadcast will market Israeli jewelry, textiles, fashions, babies' and...

High-flying bird. (Bi-national Industrial Research and Development Foundation) (Exports) (company profile)
October 5, 1990... 19.2 High-Flying Bird Ten years ago, the BIRD (Bi-national Industrial Research and Development) Foundation celebrated its first "BIRD product" sale, a KEY BX telephone system developed by Telrad and Pentacom. Since then, sales of BIRD products...

Export credit. (Bank of Israel policy on export credit rates) (Exports) (company profile)
October 5, 1990... 19.3 Export Credit The Bank of Israel and the director of the economics division of the Manufacturers Association, Chezi Gutman have announced that in the wake of the abolition of various export credit funds and the reforms on import tariffs,...

Turning $50 million into $200 million. (Israel, Canadian tax credit laws) (Finance)
October 5, 1990... 21.1 Turning $50 Million into $200 Million A Canadian investor group with extensive holdings in precious-metals mines is considering an investment of some $100 million in Israeli high-tech industry, if and when Industry and Trade Minister Moshe...

What if... (investment advise) (Finance)
October 5, 1990... 21.2 What If... Avraham Toubol from Tiberias won the lotto, and pocketed NIS 3,562,504. Israel's largest daily newspaper, Yediot Ahronot asked six capital-market experts what would they advise if Toubol asked them how to invest his money. Two...

Joel Gold in Shevah Ophir group. (Finance)
October 5, 1990... 21.3 Joel Gold in Shevah Ophir Group The prominent Wall Street broker Joel Gold has joined the Shevah Ophir investment group as a partner. Ophir, which has recently conducted a number of highly successful real estate and car-import transactions,...

One-digit inflation down on the oil-tube. (Israel. Ministry of Finance. Treasury) (Finance)
October 5, 1990... 21.4 One-Digit Inflation Down the Oil-tube Up until August 2nd (Saddam Hussein day), the Treasury was optimistic about getting inflation down to single-digit levels. This now seems an impossible dream. One of the reasons for the success of the...

Sharp rise in study-fund withdrawals. (Israel. Department of Finance. Treasury professional education funds) (Finance)
October 5, 1990... 21.5 Sharp Rise in Study-Fund Withdrawals Reports that the Treasury plans to repeal advantageous conditions for professional education funds (kranot hishtalmut) has led to a sharp increase in fund withdrawals. The manager of one large fund claims...

High-tech OTC market. (High-tech Industries Trade Association, over-the-counter, Tel Aviv Stock Exchange) (Finance)
October 5, 1990... 21.6 High-Tech OTC Market Officials of the Israeli high-tech industries sector in Israel are negotiating with the directors of the Tel Aviv Stock Exchange and the Securities Authority to set up a separate over-the-counter stock market. The OTC...

Bond issues. (Israel government securities) (Finance)
October 5, 1990... 21.7 Bond Issues The Treasury and the Bank of Israel will issue government bonds next week, as the Knesset Finance Committee has approved the tax reductions on real (inflation-adjusted) profits from interest on bonds from 35% to 20%. The first...

Betucha commentary on Elite. (Elite Industries) (Food, Beverages and Tobacco)
October 5, 1990... 22.1 Betucha Commentary on Elite According to the Betucha brokerage company's economists, Elite Industries is now at a crossroads has fully reached its profit potential in the domestic market for its traditional products. The dominant factors...

Research innovations. (Shmuel Shoshan develops method for coating acrylic tooth implants) (Health)
October 5, 1990... 26.1 Research Innovations According to Yissum Research Development Company of Hebrew University, Professor Shmuel Shoshan has developed a method for coating plastics with collagen that may be used to coat acrylic tooth implants that are totally...

Opposition to Ofek. (insurance companies opposition) (Insurance)
October 5, 1990... 28.1 Opposition to Ofek Ofek, the brokerage company owned by Bank Leumi that manages funds and investment portfolios, has begun to provide its customers with life insurance consulting services as well. Ofek's entrance into the insurance field has...

Histadrut opposition to economic plan. (Israel. Ministry of Finance. Treasury's plan) (Labor)
October 5, 1990... 29.1 Histadrut Opposition to Economic Plan Finance Minister Yitzhak Moda'i plans to hold a meeting of senior Treasury officials to discuss the new economic plan in the face of difficulties encountered in its implementation. Senior officials have...

Help for bed wetters. (White Care's Dov Uczan develops bed sheet for bed wetters) (Medical Equipment)
October 5, 1990... 32.1 Help for Bed Wetters Ruth Shanan's new products column in the Ma'ariv Hebrew daily's Asakim business magazine notes that Dov Uczan of the White Care company has developed a special triple 4-layer bed sheet to ease the discomfort of bed...

Drums to D.O.T. (Lod Metal Works markets chemical storage drums that meet United States. Department of Transportation standards) (Metal and Electrical Industries)
October 5, 1990... 33.1 Drums to D.O.T. Lod Metal Works, a subsidiary of the Delek Israel Fuel group, has started distributing drums with an anti-corrosive lining for the storage of dangerous goods and chemicals. The drums are produced according to a technique...

Computerized pipe manufacture. (Middle East Pipe) (Metal and Electrical Industries)
October 5, 1990... 33.2 Computerized Pipe Manufacture A computer system that monitors manufacturing data in real time and feeds the information into management computers has been installed in Middle East Pipes' Acre plant. The computer system has a series of...

Gravitational lenses aid study of galaxies. (Weizmann Institute of Science's Dr. Israel Kovner's astronomical research) (Optics)
October 5, 1990... 35.1 Gravitational Lenses Aid Study of Galaxies Novel ways of probing the cores of the universe's heaviest structures--galaxies and galaxy structures--are being developed by Dr. Israel Kovner of the Nuclear Physics Department at the Weizmann...

$10m Revlon losses. (Revlon Israel) (Pharmaceuticals and Cosmetics)
October 5, 1990... 37.1 $10m Revlon Losses Revlon Israel has suffered a loss of some $10 million, mainly due to the collapse of one of its largest distributors, Bel Sol (See ICEN Vol. 186 no. 37.1). Other company problems have been surfacing since the resignation...

Yissum enzyme-like breakthrough. (Yissum Research Development Co., catalytic antibodies) (Pharmaceuticals and Cosmetics)
October 5, 1990... 37.2 Yissum Enzyme-Like Breakthrough Dr. Bernard S. Green of the department of pharmaceutical chemistry at the Hebrew University's School of Pharmacy, has been charged by the University's Yissum Research Development Company with coordination of...

Betting on beta-carotene. (Nikken Sohonsha invests in Nature Beta Technologies) (Pharmaceuticals and Cosmetics)
October 5, 1990... 37.3 Betting on Beta-Carotene An algae-growing enterprise in Eilat, based on a process developed at the Weizmann Institute, has attracted the largest-ever Japanese industrial investment in Israel. The Japanese company, Nikken Sohonsha, has...

NIS 637,000 for plot in Bnai Brak. (new Israel shekels, Bnai Brak, Israel) (real Estate)
October 5, 1990... 40.1 NIS 637,000 for Plot in Bnai Brak The severe shortage of plots in bnai Brak was reflected in a land tender offered by the Israel Land Administration for a plot in the city. Prices of apartments in Bnai Brak are among the highest in the...

Playtek manufacturing in China. (Sports and Entertainment)
October 5, 1990... 43.1 Playtek Manufacturing in China Playtek, a company jointly owned by Chaul Eisenberg and Elbit Computers, is manufacturing electronic toys in China and markets them Chiefly in the U.S. The company's current order book stands at some $5...

VAT up to 17%? (value-added tax, Israel, Ministry of Finance) (Taxes and Custom Duties)
October 5, 1990... 44.1 VAT up to 17%? The Finance Ministry is considering raising the Value Added Tax (VAT) from 16% to 17% as it doubts that the Knesset will pass the proposed VAT on fruits and vegetables as part of the new economic plan. Currently fruits and...

Treasury moots lower taxes on dividends. (Israel. Ministry of Finance. Treasury) (Taxes and Custom Duties)
October 5, 1990... 44.2 Treasury Moots Lower Taxes on Dividends The TReasury is contemplating lowering taxes on dividends, as a means of encouraging stock market activity. Dividends are currently taxed at the rate of 25% with a somewhat lower rate for dividends...

More pension fund problems. (Histadrut pension fund) (Taxes and Custom Duties)
October 5, 1990... 44.3 More Pension Fund Problems The newly-enacted tax on bond interest is liable to materially worsen the expected shortfall in funds for future commitments of the Histadrut labor federation's pension funds, already estimated at approximately NIS...

Electric Corp. losses for 1990. (Israel Electric Corp.) (Utilities)
October 5, 1990... 49.1 Electric Corp. Losses for 1990 The Israel Electric Corporation is forecasting a loss of NIS 130 million-NIS 150 million in 1990, according to an internal evaluation presented to the board of directors a short while ago. The company stated...

Gaby Rosenberg. (Personal Profile)
October 5, 1990... GABY ROSENBERG Personal Details: Age: 37. Born and educated in Tel Aviv, Rosenberg served five years in the Israeli Army, carrying out the duties of captain in the armored corps. Rosenberg's first job, 1977-79, was with Dun &...

IAI in bid for Drone. (Israel Aircraft Industries Ltd., United States Army contract for Drone pilotless aircraft)
October 19, 1990... IAI in Bid for Drone Israel Aircraft Industries has received a Phase One contract to supply the U.S. Army with unmanned aerial vehicles (UAVs). IAI is operating in conjunction with the TRW Avionics & Surveillance group in order to utilize TRW's...

Inflation soars. (Israel)
October 19, 1990... Inflation Soars The 2.1% September cost-of-living (COL) increase, announced on Monday, was the highest in four years. The jump in the CPI (consumer price index) was the result of steep rises in the prices of fuel, housing and communications....

U.S. super-computers to Israel.
October 19, 1990... U.S. Super-Computers to Israel According to a New York Times report, the U.S. State and Defense Departments are prepared to ease restrictions that have prevented Israel from acquiring American-made super-computers. Opponents of super-computer...

English-language TV news. (Israel Television)
October 19, 1990... English-Language TV News After many false starts, Israel Television's English-language news broadcast finally made its debut this week. Deborah Riemer and Larry Price co-anchored the premiere 15-minute edition on Sunday evening, to the...

Recanatis and Goldman group approved for IDB. (M.I. Holdings Inc. to sell Israel Discount Bank Ltd. to Murray Goldman-led group and Recanatis family)
October 19, 1990... Recanatis and Goldman Group Approved for IDB Murray Goldman has revealed the names of his partners contending for Israel Discount Bank--Gordon Capital, the largest investment house in Canada, and U.S. investment bank Bear Stearns. The...

Maxwell to re-examine Israeli investments. (Robert Maxwell)
October 19, 1990... Maxwell to Re-examine Israeli Investments Robert Maxwell is said to be re-examining his industrial investments in Israel. Maxwell has substantial holdings in Teva Pharmaceutical Industries and Scitex Corporation, both of which are considered...

Arab boycott could harm Matsushita deal. (Matsushita Electronics Corp. acquisition of MCA Inc.)
October 19, 1990... Arab Boycott Could Harm Matsushita Deal Matsushita, the Japanese electronic giant with world revenues of $44 billion, is currently negotiating to buy out the U.S. entertainment company MCA in a deal worth over $8.7 million. The negotiations...

SA to increase Israel investment ceiling. (South Africa)
October 19, 1990... SA to Increase Israel Investment Ceiling The South African governmen has agreed to increase threefold the sum its citizen are allowed to take out of the country for investment in Israel. According to the pact signed several weeks ago by Treasury...

Major tumult among top 10 Israeli advertisers. (Advertisers Association of Israel list of top ten 1989 advertisers) (Advertising and Public Relations)
October 19, 1990... 1.1 Major Tumult Among Top 10 Israeli Advertisers The Advertisers Association of Israel has issued its list of the top ten advertisers for 1989, which reflects the tumult in the Israeli consumer market. The pastawar between Elite and Osem Food...

Citrus fruit concentrate surplus. (Israel) (Agriculture)
October 19, 1990... 2.1 Citrus Fruit Concentrate Surplus Some 25,000-30,000 tons of citrus fruit concentrate have been left unsold from the 89/90 citrus fruit season. This is due to the collapse of prices in Europe following the flood of Brazilian concentrate onto...

Israeli technology helps Uzbekistan. (Plastro Gvat's irrigation equipment, Uzbek S.S.R.) (Agriculture)
October 19, 1990... 2.2 Israeli Technology Helps Uzbekistan The Soviet provice of Uzbekistan, the chief cotton-producing region in Russia, has successfully tested Plastro Gvat's drip-irrigation equipment. Uzbekistan has over 15 million acres of cotton fields. The...

Ostriches in Israel. (France Croco Israel to establish ostrich farms) (Agriculture)
October 19, 1990... 2.3 Ostriches in Israel Strong global demand for ostrich meat and skin have prompted France Croco Israel, a subsidiary of the French investment group France Croco, to invest $10 million to establish ostrich farms in the Negev. Some $1 million...

El Al to avoid combining flights. (El Al Israel Airlines) (Aviation)
October 19, 1990... 4.1 El Al to Avoid Combining Flights According to spokesman Nachman Kleinman, El al Israel Airlines does not plan to combine winter flights to major destinations -- such as London, Paris, Frankfurt and Zurich -- in the event of weak demand. The...

Banks wish to raise interest. (Banking)
October 19, 1990... 5.1 Banks Wish to Raise Interest In response to the announcement of the high September consumer price index, the banks have renewed calls to raise debit interest rates. The banks explain that inflation will erode their margin between interest...

Lowest mortgages. (Bank Leumi le-Israel) (Banking)
October 19, 1990... 5.2 Lowest Mortgages Bank Leumi has begun offering the lowest variable-rate mortgages on the market -- 2.5% per year, linked to the consumer price index, for the first 2 1/2 years of the mortgages' 27 1/2-year duration. After the first 30...

Banks quietly do away with bonuses. (new account bonuses) (Banking)
October 19, 1990... 5.3 Banks Quietly Do Away With Bonus The banks have generally given an extra bonus to those who open up new savings plans, granting the customer interest linked to the increase in the consumer price index (CPI) from the month in which he makes...

Much interest in United Mizrahi Bank. (acquisition) (Banking)
October 19, 1990... 5.4 Much Interest in United Mizrahi Bank M.I. Holdings published its tender offer this week for the sale of the controlling interest in United Mizrahi Bank. Those interested in acquiring the bank must present their credentials by December 20,...

Attempts by ICL directors to stop sale of concern. (Israel Chemicals Ltd.'s Victor Medina, Dead Sea Bromine Company Ltd.) (Chemicals)
October 19, 1990... 6.1 Attempts by ICL Directors to Stop Sale of Concern Israel Chemicals management has been hindering procedures to implement the government's decision sell the concern to private investors. Victor Medina, chairman of ICL's baord, has disqualified...

IBM: $250 million from Israeli firms. (computer industry purchases) (Computers)
October 19, 1990... 8.1 IBM: $250 Million from Israeli Firms IBM heads the list of foreign computer manufacturers that have bought Israeli products, and Moshe Nissim, Minister of Industry and Trade, along with company representatives were present at a recent...

Olivetti joins forces with John Bryce. (Ing. C. Olivetti e Compagnia S.p.A.) (Computers)
October 19, 1990... 8.2 Olivetti Joins Forces with John Bryce Olivetti and John Bryce have signed a joint-venture agreement in connection with a project whose development will also involve Israel Aircraft Industries. The first project enables users to work with the...

Koor deal: Leumi demands free reign. (Koor Industries Ltd., Bank Leumi le-Israel) (Conglomerates)
October 19, 1990... 9.1 Koor Deal: Leumi Demands Free Reign After much discussion, the Bank Leumi board of directors has decided to "sign on" to the creditor arrangement for Koor Industries. This decision is contingent on the conglomerate accepting a list of...

GE Plastic may supply building materials. (General Electric Co. GE Plastics) (Construction)
October 19, 1990... 10.1 GE Plastic May Supply Building Materials The U.S. General Electric Plastics concern may supply building materials to Israeli companies participating in the Housing Ministry's tender to build apartments for new immigrants. The American...

ILA allocate land for 150,000 apartments. (Israel Land Administration) (Construction)
October 19, 1990... 10.2 ILA Allocate Land for 150,000 Apartments. The Israel Land Administration has doubled the land reserves allocated for housing construction and thus plots for some 616,000 new apartments -- 150,000 in the country's central region--are now...

Housing director general to be ousted? (Israel Ministry of Housing and Construction's Amikam Oren) (Construction)
October 19, 1990... 10.3 Housing Director General to be Ousted? The Hebrew daily Maariv published and later retracted a report that Housing Minister Ariel Sharon planned to fire the recently-appointed director general of the ministry, Amikan Oren, because he had...