The Ministry of Finance announced last week that it had updated its 2006 growth forecast from 4.1% to 5.3%. the decision to update followed a high growth figure of an annualized 6.6% - for the first quarter

Formal announcement was made last week by BAX Global that its long time collaboration with Transclal Trade Ltd will be terminated in August 2006

FIMI, Israel's first dedicated mezzanine and buy-out fund, announced last week that it bought a 40% stake in Orian Agish, one of Israel’s major logistics services companies and a leader in the field

Ashdod Port Ltd. announced last week that during the period January to April 2006 it handled TEU 216,867, an increase of 6.4% compared to the parallel period last year

Last week we erroneously published an article indicating as if Messers Newlog had reached an agreement with UTi Worldwide inc. to act as its sole representative in Israel

Israeli air carrier Arkia Airlines Ltd announced last week it was in talks with The Boeing Company to buy four Boeing 787 aircraft for $280 million

According to a report published last week by the Central Bureau of Statistics (CBS), Israel's economy grew by an annualized 6.6% in the first quarter, well above forecasts and faster than the 5.2% growth in 2005 as a whole

Representatives of the Palestinian Shippers' Council (PSC) met last week a delegation of Israel's Chamber of Shipping headed by Mr. Reuven Zuck, chairman of the Chamber of Shipping