Business Services Industry
Israel Business Today
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Articles in April, 1997 issue of Israel Business Today
- Trade with Turkey set to rise four-fold.
- Hapoalim to establish new bank. (Bank Hapoalim)
- Colmorgan acquires control of Servtronix.
- EU establishes local unit. (European Union Commission establishes unit in Israel)
- Savings and Provident withdrawn. (large sums withdrawn from Israeli banks)
- Siemens to invest in local hi-tech companies.
- D-Pharm completed $6m. private placement.
- Leumi offers higher savings interest. (Bank Leumi)
- Dead Sea heads magnesium group. (to develop products based on metallic magnesium, Dead Sea Magnesium)
- Top three banks pay government NIS 925m. (Israel)
- Eli Lilly heads for Israel. (Eli Lilly and Company)
- Lehman Brothers stick to Q1 EPS. (first-quarter 1997 earnings per share forecast for ECI Telecom)
- Union Bank shares for sale at year end. (by the Israeli government)
- Panasonic signs user pact with ColorDesk. (Panasonic Interactive Media)
- Da-Rom expands operation in the North. (acquires A.N. She'an, North of Israel)
- Banks to show standing orders. (in Israel)
- Mavix helps to ease Bangkok traffic jams. (awarded contract by the Royal Thai Police for digital traffic control system)
- Leumi: central bank cash flow grows. (Bank of Israel, Bank Leumi)
- Israeli company to fly freight to Gulf. (Persian Gulf, JTR)
- Apple duty drops. (customs duty on apples imported to Israel)
- NICE Systems "on track." (Lehman Brothers forecast)
- Morocco to continue air talks. (with Israel)
- Leumi posts 1996 net profit rise of 24.4%. (Bank Leumi)
- Bezeq International buys Concert operations. (Bezeq International)
- Tadiran looks to issue Telematics by year end. (initial public offering planned in 1997)
- Woolwich opts for Sapiens tool. (British building society using Sapiens International software for mortgage processing)
- Briefly.... (includes multiple briefs on Israeli sales promotion activity, exemption of custom duties, emergency economic program, and international freight shipments)
- ECI wins British Telecom DACS-2 system contract. (ECI Telecom)
- Ta'avura issue to be held in '97. (stock to trade on Tel Aviv Stock Exchange)
- Government achieves surplus. (NIS 188 million in March 1997)
- Hapoalim looks into foreign banks. (Bank Hapoalim)
- Crystal signs NIS 39m. deal with Bezeq.
- Koor and Greenfield close $35m. deal. (Koor Industries sells Chanita Metalworks to Greenfield Industries)
- Formula to begin Nasdaq trading. (foreign investors have approximately 25% stake in Israeli company)
- Orbond and Ashkelit build joint plant. (block manufacturing facility, Ashkelit 268)
- ZAG achieves stronger sales return. (Lehman Brothers raises company's earning expectations for first quarter of 1997)
- PEC posts $28.2m. 1996 net income. (PEC Israel Economic Corp.)
- Netanyahu, Meridor and Frankel to hold more economy talks. (Israeli Prime Minister Binyamin Netanyahu, Israeli Finance Minister Dan Meridor, Bank of Israel Governor Yaakov Frankel)
- Laser Industries looks for 20% growth. (plans to acquire Spectron for approximately $16 million)
- Nexus Q4 revenues hold their ground. (Nexus Telecommunications, fourth-quarter 1996)
- Elta to supply RAF with EW systems. (Britain's Royal Air Force, advanced electronic warfare systems)
- Scitex and Xerox halt joint marketing.
- Azimut wins NIS 2.2m supply contract. (from a South American company, Azimut Technologies)
- Trade terms improve. (Israel's 1996 foreign trade balance)
- Minimum wage rises. (Israel's Minimum Wage Law passes)
- Industrial investment drops. (in Israel)
- TelRAD to supply controller to China. (command and control system for telephone network components)
- Discount issue expected to raise NIS 607m. (Bank Discount)
- E&M posts 45% sales growth in 1996. (E&M Computing)
- ANZ opens new Jerusalem branch. (Australia and New Zealand Banking Group Ltd.)
- Holland oks Gazan port funding. (Middle East Competitive Advantage research project)
- Comfy shuns Wall Street. (Israeli keyboard manufacturer chooses Tel Aviv Stock Exchange)
- Hatzer offers internet productions. (Hatzer Productions)
- Sinal wins NIS 0.7m. IAI contract. (Sinal Industries, Israel Aircraft Industries)
- Frankel supports convertible coin. (Bank of Israel Governor Yaakov Frankel)
- RAD announces new dual-port miniature. (RAD Data Communications, APD-2HS)
- Hertz Computers and Zodiac to merge. (Hertz Computers Israel, Zodiac Technologies)
- Hapoalim profits rise by 9.2% in 1996. (Bank Hapoalim)
- Cisco opens Netanya development center.
- IES makes $1.25m. capital gain.
- Tecnomatix wins largest CAPE contract. (company to supply computer-aided production engineering software to Ford Motor Co.)
- First step to emergence. (IFC to add Israel to list of emerging markets)
- Memco releases new SeOS version. (Memco Software, SeOS 2 security software)
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