Israel Business Today back issues from December 1991:
Building starts down. (Israel)
Dec 06, 1991 ... Building Starts Down Data published by the Central Bureau of Statistics shows the number of building starts, in the third quarter of 1991, declined by 3 percent from the second quarter total of 16,600 apartments to 16,100. The decline in private building starts was 7 percent ....
Japan-Israel trade - seductive but slow.
Dec 06, 1991; ... Japan-Israel Trade -- Seductive but Slow Of all the countries which have recently awakened to Israel's economic and scientific potential, Japan, because of its size and economic might -- is the most alluring. The year got off to a bad start, though. During the Gulf War, ...
U.S. investor for IDB. (IDB Bankholding Corporation)
Dec 06, 1991 ... U.S. Investor for IDB Following the acquisition of a controlling interest in IDB Bankholding Corporation by the Recanati family, it is now understood that U.S. investor Bill Davidson of Detroit is a partner in the acquisition. The Recanati family acquired 25.1 percent of IDB for ...
Iris Software to bloom with Cheyenne. (joint ventures with Cheyenne Software, Inc.)
Dec 06, 1991 ... Iris Software to Bloom With Cheyenne Iris Software has formed a strategic alliance with Cheyenne Software, Inc. of New York. The two companies will produce and distribute "InocuLAN", an anti-virus program designed to protect Novell networks. Iris will provide the anti-virus ...
More Japanese algae in Eilat. (Nature Beta Technologies to invest $2.5 million to expand its Eilat plant that manufactures Beta Caroten capsules from algae)
Dec 06, 1991 ... More Japanese Algae in Eilat The Japanese owned company, Nature Beta Technologies (NBT) is to invest some $2.5 million in expansion of production facilities in its Eilat plant. The company intends to acquire a 30 dunam site adjacent to the existing plant. NBT ...
Bernard Schrier of the U.K. to save Hamashbir. (British businessman to acquire 50 percent of Hamashbir Hamerkazi Israel Cooperative Society)
Dec 06, 1991 ... Bernard Schrier of the U.K. to Save Hamashbir U.K businessman Bernard Schrier has exercised his option (See ICEN Vol. No. 250) to acquire the 50 percent holding of Hamashbir Hamerkazi Israel Wholesale Co-op Society in the retail chain Hamshbir Lazarhan Central Co-op Society. The ...
Good nine months for Clal Israel. (profit)
Dec 06, 1991 ... Good Nine Months for Clal Israel Profits of conglomerate Clal Israel for the nine months ending September, 1991 totaled NIS 51 million, compared to NIS 36 million for the same period last year -- an increase 42 percent. Equity at the end of September totaled NIS 910 million, ...
Both currency reserves and budget deficit up. (Israel) (Bank of Israel report)
Dec 06, 1991 ... Both Currency Reserves and Budget Deficit Up In November, Israel's currency reserves increased by $514 million and at the end of the month totaled $5.08 billion. The Bank of Israel says deposits during the month included U.S. civilian and military aid for 1992, ...
Algorithmic electronic keys to France. (Canal Plus acquires cable television cryptographic electronic keys from Algorithmic Research)
Dec 06, 1991 ... Algorithmic Electronic Keys To France The French cable television channel Canal Plus has acquired more than one million "electronic Keys" from Algorithmic Research of Tel Aviv. The keys are distributed to subscribers who can only access the "Canal Plus" broadcasts ...
EFI - $7 million dollar sales in three months. (Electronics for Imaging)
Dec 06, 1991 ... EFI--$7 Million Dollar Sales in Three Months Efi Arazi, Chairman and Chief Executive Officer of Electronics for Imaging (EFI), announced today the launching of the company's European operating division, with headquarter offices in London. EFI's European operations will focus on ...
Business Guide to Israel. (periodical published by Horwath, Bavly, Millner and Co.)
Dec 06, 1991 ... Business Guide to Israel Anyone interested in doing business in Israel will benefit from the fifth annual "Business Guide to Israel". Published by Horwath, Bavly, Millner & Co., the guide serves as a compendium of the Israel business infrastructure, with sections on taxation and ...
Lots of gas in Tempo profit increase. (Tempo Beer Industries)
Dec 06, 1991 ... Lots of Gas in Tempo Profit Increase Profits of Tempo Beer Industries, the soft drink and beer producer, for the nine months ending November, 1991 totaled NIS 20 million, compared to NIS 12.8 million for the first nine months of 1990 -- an increase of 55.7 percent. Sales for the ...
Poultry quotas for sale. (Israel Egg and Poultry Board)
Dec 06, 1991 ... Poultry Quotas For Sale The Egg and Poultry Board has decided that farmers can sell their poultry quotas to other farmers. The decision is subject to approval by the full plenum of the Board ...
New method for removing cholesterol from eggs. (Hebrew University of Jerusalem Casali Institute for Applied Chemistry)
Dec 06, 1991 ... New Method For Removing Cholesterol From Eggs A new method for removing cholesterol from eggs, butter and sweet cream at lower cost and more effectively than has been achieved until now has been developed by researchers at the Casali Institute for Applied Chemistry at the Hebrew ...
"Not so sweet" results from Elite. (Elite Industries profit)
Dec 06, 1991 ... "Not so Sweet" Results from Elite Chocolate and confectionery manufacturer Elite Industries registered a loss of NIS 1 million in the third quarter of 1991, compared to a profit of NIS 5.6 million in the third quarter last year. Profits for the nine months ending November, totaled ...
"Absurd" soft drink tax. (Israel plans 20 percent purchase tax on soft drinks)
Dec 06, 1991 ... "Absurd" Soft Drink Tax Soft drink manufacturers say consumption will drop by at least 15 percent if the Government decides to impose a 20 percent purchase tax on soft drinks. Moshe Podhorzer of mineral water producer Neviot says soft drinks in a hot climate are essential and ...
Cotton prices fading.
Dec 06, 1991 ... Cotton Prices Fading David Antwerg says the current fall in world cotton prices could seriously impact Israeli growers' income. Previously, exports were expected to decline by five percent, as a result of cultivation areas being reduced, due to the cuts in water for irrigation ....
Major "drip" order from Florida. (Netafim Irrigation Equipment and Drip Systems)
Dec 06, 1991 ... Major "Drip" Order From Florida Netafim Irrigation Equipment and Drip Systems has been awarded two large projects worth some $6 million in Florida. The contracts call for the installation of irrigation systems in two large ...
Strawberries - an export delight. (Agrexco Agricultural Export Co.)
Dec 06, 1991 ... Strawberries -- An Export Delight Agrexco Agricultural Export Co. reports record prices for first shipments of strawberries -- $7,200 per ton. This is 15 percent higher than last year's price ....
Mizrahi provides highest returns on equity. (United Mizrahi Bank)
Dec 06, 1991 ... Mizrahi Provides Highest Returns on Equity United Mizrahi Bank profits for the third quarter of 1991 registered an increase of 52 percent compared to the third quarter of 1990 -- NIS 13.3 million versus NIS 8.75 million. Profits for the nine months ending September totaled NIS 37 ...
Israeli investors get preferred terms in Shanghai.
Dec 06, 1991 ... Israeli Investors Get Preferred Terms in Shanghai Israeli investors will enjoy preferred terms of investment in Shanghai, according to an agreement reached between the Mayor of Shanghai and a delegation from the Israeli Federation of Chambers of Commerce. The terms include ...
Gloom from National Consultants. (no growth in Israel's economy)
Dec 06, 1991 ... Gloom From National Consultants Bank Leumi subsidiary, financial analysts National Consultants say there is no real growth in the Israeli economy and without peace the economy will be in ruins. National Consultants prepares analysis of companies for the securities division of Bank ...
Leumi Fund may return. (Bank Leumi le-Israel)
Dec 06, 1991 ... Leumi Fund May Return Bank Leumi Chairman Moshe Sanbar is proposing to re-establish the Leumi Fund. As previous efforts to launch the fund, earlier in the year failed, it is understood the intention is to establish a fund with more modest objectives. The ...
Bank Hapoalim 3rd quarter profits up 50%.
Dec 06, 1991 ... Bank Hapoalim 3rd Quarter Profits Up 50% Bank Hapoalim, reported increased profit of more than 50 percent for the third quarter of 1991 over the previous three months. Net profit in the first nine months of the year reached $57 million. During the third quarter the bank's net ...
U.S. aid pays U.S. debts.
Dec 06, 1991 ... U.S. Aid Pays U.S. Debts Data published by the Bank of Israel indicates that most of the U.S. aid to Israel in this decade will be required to finance debt repayments to the U.S. government. Non-military aid totals $1.2 billion per annum and in the first half of the decade, Israel ...
PEC Israel Economic Corporation profits up 17%.
Dec 06, 1991 ... PEC Israel Economic Corporation Profits Up 17% PEC Israel Economic Corporation reported net income for the three months ending September 30, 1991 increased to $6,910,950 or $0.88 per share, up from $5,923,992, or $0.76 per share, in the corresponding 1990 period. Net income for ...
Better financial margins for banks. (Israel)
Dec 06, 1991 ... Better Financial Margins for Banks Operations of the banks in the non-linked shekel sector are returning greater profit margins, according to data published by the Bank of Israel monetary division ....
Bank Leumi has good 3rd quarter.
Dec 06, 1991 ... Bank Leumi Has Good 3rd Quarter Bank Leumi registered a sharp rise in profits for the third quarter of 1991 -- NIS 50.6 million versus NIS 6.6 million for the same quarter last year. However profits for the nine months ending September totaled NIS 108.3 million compared to NIS ...
Yozma on the way. (to start operations)
Dec 06, 1991 ... Yozma On the Way The government investment company, Yozma, is expected to start operations in the near future. Sources say almost all obstacles have been overcome and the major item still to be resolved is an amendment to Clause 11A9 of the Government ...
Menora profit increase. (Menorah Insurance Company Ltd.)
Dec 06, 1991 ... Menora Profit Increase Menora Insurance registered a profit of NIS 4.67 million for the third quarter of 1991, compared to NIS 3.71 million for the third quarter of 1990 -- an increase of 26 percent. The increase in third quarter profits is attributed to increased income from ...
Hassneh Investments "for sale."
Dec 06, 1991 ... Hassneh Investments "For Sale" The Histadrut owned Hassneh Insurance has decided to sell subsidiary Hassneh Investments. Sources say there are three candidates -- a foreign investor and two local ...
Torel buys stake in Neshua. (Torel Investments, Neshua Trade and Investment Security)
Dec 06, 1991 ... Torel Buys Stake in Neshua Torel Investments has bought a 10 percent share of brokers Neshua Trade and Investment Security. Neshua is one of the three largest brokerage firms with an equity of NIS 8 million. Torel, which is owned jointly by a group of Japanese companies ...
Continued losses for UMB - New York. (UMB - Bank and Trust Co.)
Dec 06, 1991 ... Continued Losses for UMB -- New York United Mizrahi Bank subsidiary UMB - Bank and Trust Co. of New York has registered a loss of $3.48 million for the nine months ending November, 1991. This compares with a loss of $157,000 for the same period last year and a ...
Increased profits for IDB. (IDB Bankholding Corp.)
Dec 06, 1991 ... Increased Profits for IDB Net profits of IDB Bankholding Corp. for the nine months ending September, 1991 totaled NIS 96.7 million compared to NIS 64.5 million for the first nine months of 1990 -- an increase of 50 percent. The profit includes about NIS ...
Axiom shutting shop. (Axiom ICF Capital)
Dec 06, 1991 ... Axiom Shutting Shop Investment house Axiom ICF Capital has ceased operations. Owners Jonathan Ben Canaan and Israel Makov have closed ...
Bad month for "mutuals." (mutual funds index dropped)
Dec 06, 1991 ... Bad Month for "Mutuals" In November, the mutual funds index dropped by 3.2 percent. This is the lowest figure since the beginning of the year. Index of funds specializing in shares dropped by 4 percent; funds investing in foreign currency declined by 2.8 percent and those ...
Industrial Buildings shares sold.
Dec 06, 1991 ... Industrial Buildings Shares Sold All "M" share options of Industrial Buildings were exercised by their holders to whom the government sold another 10 percent of its holdings and realized NIS 60 million. The government now remains with 54 percent of the company shares. The balance ...
Leisure facilities for Haifa.
Dec 06, 1991 ... Leisure Facilities for Haifa Haifa Municipality plans to issue tenders for the construction of an amusement and water park combined with a shopping mall. The ...
Koppel (Self-Drive) in high gear. (profit)
Dec 06, 1991 ... Koppel (Self-Drive) in High Gear The car leasing company Koppel (Self Drive) has registered a profit of NIS 1,114,065 for the period January through September, 1991. This represents a 44 percent increase over the profit of NIS 770,000 for the same period last year. Income for the ...
Computerized cocktails. (Bar-Mag offers computerized bar)
Dec 06, 1991 ... Computerized Cocktails The Haifa-based company Bar-Mag is offering a computerized barable to prepare up to 64 different cocktails at the touch of a button. The user simply selects his or her choice from the menu, enters its code and the bar ...
And now - Hyundai from Korea. (local agency in Israel)
Dec 06, 1991 ... And Now -- Hyundai from Korea Sources say businessman Julie Ofer is negotiating to be the local agency for Korean car manufacturer Hyundai. Businessmen Jacob Nimrodi and Ezra ...
Nimrod adopts Simpsons family. (Nimrod Production, rights to use cartoon characters images)
Dec 06, 1991 ... Nimrod Adopts Simpsons Family Footwear manufacturers Nimrod Production has obtained the sole rights to use the images of the "Simpsons", from the well known television series. Nimrod Managing Director ...
Co-op supermarket expansion. (Co-op Reshet Haribua Hakahol)
Dec 06, 1991 ... Co-op Supermarket Expansion The Histadrut-owned supermarket chain Co-op Reshet Haribua Hakahol is planning a 35 percent increase in store area, by 1995. New stores, to be opened by the end 1992, are located in Ashdod, Lod, Eilat, Kfar Sava, Sderot, Rishon Le Zion and in the new ...
Opening gas stations to competition.
Dec 06, 1991 ... Opening Gas Stations to Competition Former Attorney General, Professor Yitzhak Zamir has completed a report exploring various possibilities to further the fuel reform. The report submitted to Energy Minister Yuval Neeman focuses on three points: the need for a survey, which will ...
Stamp tax on car sales. (imported cars)
Dec 06, 1991 ... Stamp Tax on Car Sales Customs Authority Director Aryeh Zeif has issued instructions that as of January 1, 1992 carimporters must collect stamp tax on all sale contracts of new cars. The applicable law has been in effect for many years but was not enforced. The law calls for a ...
Direct marketing preferred. (Guri Export Industries)
Dec 06, 1991 ... Direct Marketing Preferred Guri Export Industries Managing Director Arik Sagiv claims direct marketing is preferable. Guri, which exports children and hygiene products, previously had operated through agents in various countries, with goods sold through agents to wholesalers and ...
Zim 3rd quarter profits up. (Zim Israel Navigation Co.)
Dec 06, 1991 ... Zim 3rd Quarter Profits Up Zim Israel Navigation Co. registered a profit of $6.5 million in the third quarter of 1991, compared to $4.4 million in the third quarter last year--an increase of 25 percent. However profits for the nine months ending September, 1991 are only marginally ...
Bezek profit decline.
Dec 06, 1991 ... Bezek Profit Decline Third quarter 1991 profits of Bezek, the government-owned telecommunications company, declined by 42 percent compared to the same quarter last year--from NIS 105 million to NIS 60 million. The decline is due to a steep increase in financing costs, which ...
Barcelona Olympic stamp released.
Dec 06, 1991 ... Barcelona Olympic Stamp Released A portrait accentuating mighty human endeavor towards sport achievement appears on the Barcelona 1992 Olympics stamp, issued by the Israel Postal Authority to mark the 25th Olympic games as a philatelic service. The postal authority will serve as ...
No increase in 1992 taxes. (Israel)
Dec 06, 1991 ... No Increase in 1992 Taxes Income tax brackets in 1992 will remain, in real terms, at the same levels as in 1991. The anticipated two percent decline in wages will cause an upward adjustment in the tax threshold -- the tax exempt income will represent 64 percent of the average ...
Tax concessions for small businesses. (value added tax)
Dec 06, 1991 ... Tax Concessions For Small Businesses The Customs Authorities are proposing to eliminate the obligation to collect Value Added Tax for about 50,000 small businesses ....
Training costs. (vocational training for the unemployed)
Dec 06, 1991 ... Training Costs Cost of vocational training for 40,000 unemployed in the coming year will cost NIS 174.2 million or NIS 4,355 per person. Data provided by the Ministry of Labor and Social Affairs Head of Vocational Training Dr. Yaakov Hecht indicates that in the past year, 93,900 ...
Data bank for market research. (Israel Export Institute offers services to Israeli exporters)
Dec 06, 1991 ... Data Bank for Market Research The Israel Export Institute is offering Israeli exporters access to domestic and foreign data banks for collecting and analyzing information tailored to their specific needs. Export Institute members, who apply before the end of 1991, are entitled to ...
Military Industries going south.
Dec 06, 1991 ... Military Industries Going South The Interministerial Committee for Economic Affairs has approved a proposal to transfer plants of the government owned Military Industries from the central metropolitan region to the Beka Valley south of Beersheba. Cost of the transfer is estimated ...
New foreign currency regulations.
Dec 06, 1991 ... New Foreign Currency Regulations New foreign currency regulations have gone into effect. Israeli residents now can purchase up to $3,000 without having to present an airline ticket and proof of payment for the applicable travel tax. Residents can now make overseas credit card ...
Israel-Hungary Chamber of Commerce.
Dec 06, 1991 ... Israel-Hungary Chamber of Commerce The Israel-Hungary Chamber of Commerce has been formed with Shlomo Merom, a former Ambassador to Hungary, as Chairman. The Chamber comprises 90 members who represent firms ...
Tadir-Gan wins IBM award. (certificate of recognition)
Dec 06, 1991 ... Tadir-Gan Wins IBM Award Tadir-Gan has been awarded a certificate of recognition by the systems division of the IBM Corporation for its high quality and almost virtual elimination of defective parts. The award is part of IBM's efforts to encourage suppliers to adopt ...
Tadiran pulling in the "business." (Tadiran Communication Group receives order from the Defense Ministry)
Dec 06, 1991 ... Tadiran Pulling in the "Business" Tadiran Communication Group has recently received an $18 million order from the Defense Ministry in addition to a number of overseas orders. The company is expected to end 1991 with a profit of $2-3 ...
Channel 2 transmitter to Elbit. (Elbit Computers contract to erect television transmitter)
Dec 06, 1991 ... Channel 2 Transmitter to Elbit Elbit Computers has been awarded a contract to erect the Channel 2 television transmitter in the Negev. This is the first time a company other than the government-owned telecommunications company, Bezek, has received an order to build a transmitter ....
Sales up at Eshed Robotec.
Dec 06, 1991 ... Sales Up at Eshed Robotec Eshed Robotec Ltd (NASDAQ:ROBOF) has reported financial results for the third quarter and nine months ending September, 1991. Sales for the third quarter of 1991 rose by 60.1% and reached some $1.9 million, compared with approximately $1.2 million for the ...
IIS nine month results. (IIS Intelligent Information Systems Ltd.)
Dec 06, 1991 ... IIS Nine Month Results The Haifa based manufacturer of computer peripherals IIS Intelligent Information Systems has ended the first nine months of 1991 with a profit of $4.13 million compared to $4.09 million for the ...
Electronics industry ready for European union. (Israeli Association of Electronic Industries accepted as associate member of the European Telecommunications Standards Organization)
Dec 06, 1991 ... Electronics Industry Ready for European Union The Israeli Association of Electronic Industries has been accepted as an associate member of ETSI, the European Telecommunications Standards Organization ....
New NICE System for California. (Tekelek of California joint venture)
Dec 06, 1991 ... New NICE System for California Tekelek of California announced a new $1.6 million joint project with NICE Systems from Tel Aviv, 50% to be funded by BIRD, Israel-US binational research and development foundation. The new product, a multiport high speed network analyzer, will be ...
Elpack "weighing -in" the U.S. business. (Elpack Industries)
Dec 06, 1991 ... Elpack "Weighing-in" the U.S. Business Elpack Industries, manufacturer of electronic scales and other devices such as metal detectors, reports orders from the U.S. for some $425,000 of its new-generation, ...
Siron launches Advanced Robotics. (Siron Industries)
Dec 06, 1991 ... Siron Launches Advanced Robotics Haifa-based Siron Industries, manufacturers of precision equipment for the printed circuit board industry, have established a new plant Advanced Robotics. The new venture is in partnership with Infinite Technologies of the U.S., manufacturers ...