Israel Business Today back issues from July 1992:
Change in gov't = change in economy. (Israel)
Jul 03, 1992; ... Where is the Israeli economy heading, after the change of government triggered by the June 23 elections? If the Tel Aviv Stock Exchange is to be believed - and the TASE hasn't made a mistake in predicting macro-economic trends in the last ten years - the answer is clear: towards rapid ...
$6 million VOA contract to Giltek. (Voice of America, Giltek Communication Installations)
Jul 03, 1992 ... Giltek Communication Installations has been awarded a $6 million contract by the Voice of America for the installation of transmitters and electronic equipment in the broadcasting station planned for erection in the South of Israel. Work on the station is currently halted by court order ...
Israeli hospital in China. (Hebrew University, Quingdao, China joint venture)
Jul 03, 1992 ... The Chinese city of Quingdao, with a population 6.7 million, is to establish a hospital which will be a joint Chinese/Israeli venture. The hospital is the brainchild of Professor Mottie Chevion of the Hebrew University Faculties of Medicine and Dental Medicine. Chevion directs an exchange ...
Clal improves its i Sight. (Clal Electronics Industries, i Sight securities)
Jul 03, 1992 ... Clal Electronics Industries has purchased 16 percent of Technion Research and Development Foundation subsidiary i Sight, with an option to increase its holdings up to 23 percent. i Sight joins some of Israel's major high-tech firms, such as Scitex and ECI, as a member of the Clal family ....
Texans market Agar pain-relieving device. (Henly International, Agar Electronics' Isowave, electronic pain reliever)
Jul 03, 1992 ... Kibbutz Ginossar's Agar Electronics has reached an agreement with Henly International giving the Texas company the exclusive North American marketing rights for its Isowave pain relief device. Henly International, one of America's largest distributors of pain relief devices has closed its ...
Blumberg sells Anglo-Saxon. (Dave Blumberg, Anglo-Saxon Real Estate Agency)
Jul 03, 1992 ... Developer Africa-Israel Investments and Migdal Insurance, both subsidiaries of Bank Leumi, have purchased Anglo-Saxon Real Estate Agency from owner Dave Blumberg for $2 million. Africa Israel will hold 51 percent with Migdal holding the remaining 49 percent of interest in the real estate ...
Pharmos options Xenon. (Pharmos/Pharmatec Corp., Xenon Vision Inc.)
Jul 03, 1992 ... Pharmos/Pharmatec Corporation recently signed an option agreement to acquire Xenon Vision Inc., a Florida corporation involved in development and marketing of innovative opthalmic pharmaceuticals. If the option is exercised, the Xenon shareholders will receive 2 million shares of Pharmatec ...
Efrat records Swiss government. (Efrat Future Technologies)
Jul 03, 1992 ... Efrat Future Technologies has been awarded a $600,000 contract to computerize and record the proceedings of both houses of parliament in Switzerland. Efrat has adapted its audio-disc system, originally developed for military applications, to conform with the needs of the Swiss governmental ...
Wall stones to New Jersey. (Sdot-Yam Caesarea Marble sells clear stones to New Jersey shopping center)
Jul 03, 1992 ... Sdot-Yam Caesarea Marble and the chemistry department at the Technion have developed of a new clear stone for covering external walls of public structures, apartment buildings and private homes. The new stone is resistant to ultra-violet sun rays. A New Jersey shopping center was recently ...
Geotek handcuffs U.S. (contract with EP System)
Jul 03, 1992 ... Advanced microelectronic instrument manufacturer, Geotek Ltd, has received a $600,000 order to send its electronic control systems (handcuffs) to U.S.-based EP System, a marketer of security products. EP System announced its intention to order $900,000 worth of Geotek's electronic control ...
Kidder-Peabody tie-up for Mizrahi. (UBM Bank and Trust Co.)
Jul 03, 1992 ... UBM Bank & Trust Co. (N.Y.), the U.S. subsidiary of the United Mizrahi Bank has signed an agreement with U.S. brokers Kidder Peabody. The agreement calls for cooperation in ...
Law rulings go into business. (Israel Bar Association establishes Pesakim as private business)
Jul 03, 1992 ... The Israel Bar Association has decided to change the status of its publishing arm from a non-profit organization to a regular business concern. The change is planned to be effective as of January 1993. The publishing house issues a variety of publications including rulings of the Supreme ...
Amendments to cable TV law. (Israel Communications Ministry)
Jul 03, 1992 ... A number of amendments to the law regulating the operation of cable television companies have been proposed by the Communications Ministry. The proposed changes restrict the control of a cable television franchise company or partnership to a maximum of one third of the potential ...
Talmud on CD.
Jul 03, 1992 ... Bar Ilan University is offering biblical texts and commentaries on compact discs. Over the past two decades the University computer, have been storing data covering both the Jerusalem and Babylonian versions of the Talmud, the Rashi commentaries and some 253 volumes of Responsa (rabbinical ...
Potash to India. (Dead Sea Works export contract with M.M.P.C.)
Jul 03, 1992 ... Dead Sea Works has received its first export order for potash to India. M.M.P.C. of India has ordered 25,000 tons which will be shipped via Eilat. India is considered to be the largest potash consumer in the world with an annual consumption of some 2 million tons. Current suppliers include ...
Soft drinks thirst quenched? (Tempo Beer Industries)
Jul 03, 1992 ... Tempo Beer Industries estimates the soft drinks market has reached saturation point. The market, which previously registered annual growth of 20 percent grew only 8 percent in 1991; beer sales increased by only 4 percent. Tempo has discontinued marketing its brand-name soft drinks since it ...
Yakhin goes from loss to profit. (Yakhin Hakal)
Jul 03, 1992 ... Yakhin Hakal has ended the first quarter of 1992 with a profit of $2.9 million following a loss of $11.7 million in 1991. Yakhin Hakal operates mainly in the citrus industry. The company owns citrus groves, manages groves under contract and maintains a canning ...
Migdal buys Magen. (Migdal Insurance, Magen Insurance)
Jul 03, 1992 ... Migdal Insurance is acquiring Magen Insurance for NIS 103 million. Migdal is a Bank Leumi subsidiary, and with the acquisition of Magen is now the largest insurance company in Israel. Magen is ...
Leumi revised economic forecast. (Bank Leumi le-Israel)
Jul 03, 1992 ... Bank Leumi has revised its economic forecast for 1992. Economists of the bank are forecasting an inflation rate of 13-15 percent, a 5-6 percent hike in GDP, a 7 percent increase in exports and a 6 percent ...
Public investments in shares up. (Bank Leumi le-Israel report)
Jul 03, 1992 ... A study published by the Research Division of Bank Leumi shows that in 1991, 11.2 percent of the public's financial assets were invested in shares. This compares with 10 percent in 1989 and 1990. Total investments in shares as of December 1991 amounted to NIS 27.5 billion versus NIS 18.3 ...
35% buy on credit. (Brandman Institute report on Israeli consumer credit)
Jul 03, 1992 ... A survey of the Brandman Institute shows 35 percent of households buy consumer goods on credit. The survey, based on an over 18 aged group of men and women showed the average monthly repayment totaled NIS 627 with a monthly turnover estimated at NIS 170 million ...
Nesuah going public. (Nesuah Securities Trading and Investment)
Jul 03, 1992 ... Investment house Nesuah Securities Trading and Investment is to offer 27.5 percent of its equity on the Tel Aviv Stock Exchange. Nesuah is owned by Piryon Investment Trust Co. a subsidiary of the Israel Corporation. According to the draft prospectus, Nesuah registered a profit of ...
July bond issue. (Israeli government bonds)
Jul 03, 1992 ... The Ministry of Finance is planning a NIS 50 million issue of unlinked bonds bearing nominal interest. The two year bonds will be issued in weekly lots of NIS 10 million. The ...
Tax on sales of foreign securities. (Israel)
Jul 03, 1992 ... Following the announcement of the Bank of Israel permitting Israeli citizens to trade in foreign securities as of July 1, 1992, the authorities have published the tax rates to be levied on profits. These will be taxable at a rate of 35 percent payable in shekels. The regulations provide ...
Leumi representing Merrill Lynch. (Bank Leumi)
Jul 03, 1992 ... Bank Leumi has been appointed by U.S. brokers Merrill Lynch as the sole representative in Israel for the sale of trust funds managed by its ...
Credit for China trade. (Israel Foreign Trade Risks Insurance Corporation Ltd. offering credit to Israeli exporters to China)
Jul 03, 1992 ... The Israel Foreign Trade Risks Insurance Corporation Ltd will make $25 million of credit available (long, mid-term, and short range) to Israeli exporters trading with China. The financing is mainly for the sale of Israeli equipment and technologies. According to the Director ...
Accounting firms merger. (Broide and Co.; Goren, Ben Yaakov and Co.)
Jul 03, 1992 ... Broide & Co., one of Israel's oldest accounting offices, is merging with Goren, Ben Yaakov & Co. The merger places the partnership among the top ten accounting offices in the country. Each brings to the ...
New overseas investor fund. (Dovrat Shrem and Co.)
Jul 03, 1992 ... Dovrat Shrem & Co. is planning to raise $35 million through two closed investment funds. The first fund of $15-20 million, Shechakim, is to be established as a limited partnership for investments in Israeli firms with business potential. Dovrat Shrem stresses ...
Profit decline for Menora. (Menora Insurance Co.)
Jul 03, 1992 ... Menora insurance Co. ended the first quarter of of 1992 with a profit of NIS 7.07 million compared with a first quarter 1991 profit of NIS 6.6 million - a decline of 7 percent. Unlike the majority of insurers Menora registered a profit in the elementary insurance sector, ending the quarter ...
Toshiba to Mafil. (Mafil Technologies to sell Toshiba products)
Jul 03, 1992 ... Mafil Technologies is to market copiers, printers, facsimile machines and personal computers of Toshiba. The company has been appointed sole representative in Israel and reportedly has committed itself to minimum annual sales of $2.3 million. Mafil Technologies is a ...
Yellow Cab offers franchises. (in Israel)
Jul 03, 1992 ... Yellow Cab Co. is now offering a limited number of franchises to individual Israelis willing to make an investment of under $20,000. Franchisees will also be responsible for a monthly franchise fee of 15 percent, lease payments on the vehicle, and vehicle maintenance. As Yellow Cab is also ...
Pilot hosts European VIPs. (Pilot Israel)
Jul 03, 1992 ... Executives from European manufacturers of electronic components and electric home appliances, Grundig, Rowenta, Network Electronic Industries and Indesit, recently visited Israel. The executives were guests of Pilot Israel Ltd, a wholesaler and importer of televisions, electrical ...
More profit for Kopel Rent a Car.
Jul 03, 1992 ... Tel Aviv's Kopel Rent a Car Ltd ended the first quarter of 1992 with a profit of NIS 122,975, up from NIS 27,186 in the corresponding period the previous year. Kopel added 91 cars ...
Converters cause car price rise. (Israel Transportation Ministry requiring catalytic converters)
Jul 03, 1992 ... Prices of 1993 model cars are expected to rise by some 10 percent. Regulations of the Transportation Ministry specify that all cars of 1,600 cc and above must be equipped with a catalytic converter. This requirement, which applied only to cars of 2,000 cc, has now been lowered to include ...
Heb. U. develops skin oxygen test. (Hebrew University's Racah Institute of Physics)
Jul 03, 1992 ... A team at the Hebrew University's Racah Institute of Physics is developing a non-invasive, on-line test for the determination of hemoglobin-bound oxygen on the body surface. This information is of great importance in many emergency situations and in cases of surgical intervention. The ...
Radioactive cancer treatment. (radioactive granules)
Jul 03, 1992 ... A new technique for treating cancer by implanting radioactive granules at the disease site instead of employing external radiation has given birth to a fledgling industry - the manufacture of the granules at Israel's Nuclear Research Center at Dimona. Initial demand for radioactive ...
Private medical facility opens. (Basel Heights Medical Center in Tel Aviv, Israel)
Jul 03, 1992 ... The Based Heights Medical Center recently opened in Tel Aviv. The project is backed by a group of Israeli businessmen who recognize the need for privatized medical treatment. The center is fully staffed with 50 physicians, 29 of whom are department heads in Israeli medical services. The ...
Canada high tech connection. (Israeli exports to Canada)
Jul 03, 1992 ... Israeli high-tech firms seeking exports to the U.S. are discovering the Canadian connection. Due to strong government incentives in Canada, Israeli businesses find they need to spend only 62 cents for every dollar they might have spent in the U.S. Over 20 leading Israeli firms held talks ...
Rada bidding in the U.S. (Rada Electronic Industries' Tasco)
Jul 03, 1992 ... Tasco, the U.S. subsidiary of Rada Electronic Industries, has been asked by the U.S. Navy to submit its "best and final" offer for automatic test equipment for missile launchers. Tasco is bidding for an order valued at some $35 million. Rada specializes in the development and manufacture ...
Techsat Blast-off in 1994. (Haifa Technion Institute of Technology's satellite)
Jul 03, 1992 ... The Haifa Technion Institute of Technology is planning to launch a satellite into outer space in 1994. Techsat 1 is a joint venture of Technion students and staff together with engineers from local industry. It is hoped the satellite will be launched by the French Arianne rocket. Techsat 1 ...
New Codebook research tool. (Formula Systems software)
Jul 03, 1992 ... Tel Aviv software house Formula Systems Ltd, the Israeli representative of the statistical software package SPSS/PC+, has announced the development of Codebook. The new software is designed to serve as a tool for the documentation of research procedures. Codebook, which can function ...
Diamond software to Russia.
Jul 03, 1992 ... Arodiam, developer and producer of software systems for production, management, and sales in the diamond industry, has just completed a Russian translation of its software systems. These software systems are designed for large diamond plants in Russia that sell abroad. Russian immigrants ...
Computerized cardboard cutting. (Isralaser to expand production)
Jul 03, 1992 ... The die production department for cardboard packaging and boxes at Isralaser plans to expand its production capacity by 20 percent this year in order to increase market share. Isralaser purchased a CAD/CAN system software from England which gives the company an almost infinite selection of ...
Sea urchin polymer. (research on sea urchin spines)
Jul 03, 1992 ... A team of Weizmann Institute and Brookhaven National Laboratory chemists has discovered that the surprisingly strong, flexible spines of sea urchins are made of a most unusual composite material. This research, recently published in Science, has given rise to novel concepts in materials ...
Dial-a-parsha. (GMA Communications Ltd.'s information service)
Jul 03, 1992 ... A new development of GMA Communications Ltd makes it possible to receive halachic laws, commentaries, and weekly Torah portions on a home telephone. Jerusalem's Kol Hadaf is applying GMA's VMS interactive voice operated communications system technology to market religious services via a ...
New UAV unveiled. (Israel's Defense Ministry; unmanned aerial vehicle named The Searcher)
Jul 03, 1992 ... The Ministry of Defense has approved the unveiling of the Searcher, a new UAV (Unmanned Aerial Vehicle) currently going into service with the Israel Defense Forces. The Searcher, developed by the Israel Aircraft industries is designed for the use of the Air Force and the Intelligence ...
Garbage power proposal. (possible use of solid waste to make electricity in Israel)
Jul 03, 1992 ... Representatives of the the U.S. company Ogden Projects are proposing to erect a facility to produce electricity from solid waste. The aim is to process and utilize the garbage of the Tel Aviv Metropolitan area. Investment is estimated at some $150 million and the company claims ...
New auction center. (Maman Cargo Terminals & Handling's auction center in Petah Tikva, Israel)
Jul 03, 1992 ... Confiscated goods are now being sold to the public at a new facility recently opened by Maman Cargo Terminals & Handling Ltd. The 4,000 square meter computerized tenders center in Petah Tikva cost $3.5 million and is the largest in Israel. The new center will concentrate all of the ...
Epsilor to manufacture Duracell.
Jul 03, 1992 ... Epsilor Z.H.M. Electronic Industries has signed an agreement to manufacture Duracell batteries under license. The company is setting up a new ...
Profit decline for Zion cables. (Cables of Zion United Works)
Jul 03, 1992 ... First quarter 1992 sales of Cables of Zion United Works totaled NIS 19.9 million compared with first quarter 1991 sales of NIS 32.5 million - a decline of 38.8 percent. Profits for the first quarter declined from NIS 2.8 million in the same quarter of 1991 to NIS 300,000. Management ...
Dead Sea Works starts tech center. (Magnesium and Metals Technology Center)
Jul 03, 1992 ... The Dead Sea Works and the Ministry of immigrant Absorption have inaugurated the Magnesium and Metals Technology Center in Beer Sheba. The Ministry and the company have each allocated NIS 1 million used to maintain a group of new immigrant scientists who will work in the Center for a ...
Greening the black. (Afic Printing Products' ink ribbon recycling plan)
Jul 03, 1992 ... Printing Products - Kibbutz Afic is instituting a conservation plan in its Golan Heights plant. Israel's leading producer of ink ribbons for computer printers and cash registers is making an effort to protect the environment with an innovative recycling process. Afic reached the conclusion ...
Hypercolor to Cyprus. (Coast to Coast to market Hypercolor in Cyprus)
Jul 03, 1992 ... Jerusalem-based Coast to Coast, holder of the Israeli production rights to the Hypercolor coloring system for clothing, recently received special permission to market the Hypercolor patent in Cyprus. The first shipment includes 5,000 shirts and an additional order for the near future will ...
New flex grinding system. (Camel Grinding Works Sarid's new flex stones)
Jul 03, 1992 ... Engineers at Camel Grinding Works Sarid Ltd have developed a new system for producing flex stones used for grinding and cutting in both portable and stationary machines. In the new system, the engineers use the stone's dynamic pressing technology in a mold of soft plastic materials. The ...
T.A. water ski opens. (Tel Aviv cable-operated water skiing)
Jul 03, 1992 ... A $1 million cable-operated water ski area with a 12.5 acre man-made lake has been opened to the general public in south Tel Aviv. This is the first of its kind in the Middle East. A computerized cable system for water skiing which was imported from the U.S. allows for eight skiers to ski ...
Isrotel invests in its guests. (remodeling hotels)
Jul 03, 1992 ... Isrotel has invested $1.5 million in renovating and improving its King Solomon, Laguna, Sport, and Riviera Club hotels in Eilat in preparation for the opening of the tourist season. The group renovated its hotel lobbies, elevators, sound systems, and improved its discotheques ....
Hilton serves Kosher curry. (Jerusalem Hilton Hotel's Tandoori Indian restaurant)
Jul 03, 1992 ... Thee first kosher Tandoori Indian restaurant in Israel will open this August in the Jerusalem Hilton Hotel. The Indian restaurant chain and the hotel have signed an agreement to jointly operate the new restaurant adjacent to the hotel lobby. Expert menu planners from both the Hilton and ...
El Al to the Ukraine.
Jul 03, 1992 ... Israel has become the first country to sign an aviation agreement with newly-independent Ukraine. The agreement, signed in Jerusalem, will allow Israeli and Ukrainian airlines to operate regular flights between Tel Aviv and Eilat, and Kiev and Odessa. The agreement also gives both ...
Israelis expose themselves abroad. (Weishoff Creations Ltd.'s Eliezer Weishoff; Israeli companies)
Jul 03, 1992; ... The Shouk or outdoor marketplace mas a thriving Middle-Eastern institution many centuries before Adam Smith described the free market in his Wealth of Nations. To this day, the haggling over prices, the meeting of buyer and seller is as typical a Middle-Eastern affair as barbecued kebabs. ...
Costly Kosher controversy. (Israel's food industry struggles with demands of orthodox and ultra-orthodox authorities)
Jul 03, 1992 ... Gone are the days when any kosher certificate was good enough. Throughout the orthodox community, rivalries between rabbis and kashrut authorities are costing food manufacturers and consumers increasing sums of money. Almost all the retail food manufacturers in Israel display at least two ...
Gil Gertner: venture capitalist. (Personal Profile)
Jul 03, 1992; ... Gil Gertner does what many dream of doing: he combines what he loves with an ability to profit from it. He first visited Israel in November of 1970, but without any expectations. "It could have been a trip to Greece or Italy but we chose Israel instead," admits Gil. However, ...
Best performing funds. (Savyon, Mor, Shesek, Analyst Gmisha)
Jul 03, 1992 ... A table published by the financial daily Globs lists four funds whose performance in the past five years exceeded the general share index for the same period. The study covers the period June 23, 1987 thorugh June 15, 1992 In these five years the general share index increased by 243.6 ...
Israel warms to renewables. (renewable energy)
Jul 10, 1992 ... Israel has a well-deserved reputation as a world leader in solar energy research and development. In terms of per capita solar heating use it is also number one. Yet ironically, when it comes to fuel conservation or power generation from renewable energies like solar, wind or water, the ...
Pentagon purchases Popeye missiles. (from Rafael Armament Development Authority)
Jul 10, 1992 ... The U.S. Defense Department has allocated $25 million for the purchase of Rafael Armament Development Authority's Popeye air-to-ground missiles. The U.S. military has already purchased tens of Popeye missiles ...
DSSI acquires Atir. (Defense Software and Systems Inc.)
Jul 10, 1992 ... Defense Software & Systems, Inc has completed the acquisition of Petah Tikva-based Atir Ltd, a leading manufacturer of radio-theodolites for radiosonde and rocketsonde tracking and real time meteorological data processing. The financial terms were not disclosed. Atir is a profitable, ...