Elliott H. Ring, CPA, CFP
Certified Public Accountant
Certified Financial Planner
market it under their own
brand labels.
A tri-lateral joint venture is
being proposed by a group of
economists from The Armand
Hammer Fund for Economic
Cooperation in the Middle
East. The Tel Aviv Univer-
sity-based researchers have
spent the past year working
out a plan they claim will be
instrumental in encouraging
economic cooperation bet-
ween Jordan, Israel and
Egypt.
They propose turning the
triangle of land on the north-
ern tip of the Sinai Desert at
the Gulf of Eilat and on the
Red Sea, consisting of adja-
cent territory in Jordan,
Israel and Egypt, into a "Free
Tourist Zone" (FTZ).
The region has a wealth of
tourist attractions such as ex-
otic tropical fish, coral reefs,
beaches, sandstone moun-
tains, desert oasis, ar-
cheological and religious
sites, and an average daytime
January temperature of 75
degrees.
As it would be hundreds of
miles away from Amman,
Cairo or Jerusalem, tourists
would be able to travel freely
within the region without
any travel documents. A con-
stitution or charter will deal
with civil law, and a police
and fire fighting force would
be composed of Jordanian,
Egyptian and Israeli citizens.
The FTZ would also be an
incentive for environmental
cooperation. The port of
Aquaba in Jordan is used as
a loading point for Jordan's
fertilizer exports and Israel
uses its port at Eilat for oil
deliveries. Fertilizer dust and
oil spills are the main pollu-
tion dangers of the Red Sea's
spectacular coral reefs. The
FTZ calls for the reconstruc-
tion of the two ports ten
kilometers to the north con-
nected to the sea by a 200m
wide canal. If a spill occurs, it
could be immediately
contained.
Professor Gideon Fishelson,
head of the research project,
says that the "Riveria on the
Red Sea" proposal will soon
be presented to the Israeli
and then the Egyptian
governments for first
reactions.
"At this stage planning of
the FTZ could be coordinated
at the municipal level
through a third party coor-
dinator/mediator such as the
World Bank or Aid. Our goal
is to create the conditions for
mutual economic interest,
before Israel and Jordan sign
a formal peace treaty." 0
Is pleased to announce the opening
of his
FINANCIAL PLANNING PRACTICE
at
30057 Orchard Lake Road, Suite 105
Farmington Hills, Michigan 48018
(313) 737-0384
• increased current or retirement income
• attractive tax deductions
• reduction or elimination of estate taxes
Elliott H. Ring, CPA, CFP
Registered Representative
Offering Securities Through
• increased asset value
Mariner Financial Services, Inc.
Member NASD/SIPC
Supervising Branch Office Located At:
17199 Laurel Park North, Suite 100
Livonia, MI 48152
(313) 462-1010
VFLE- IE TAYLM
FASHION RESALE
•
•
•
•
•
•
through...
• elimination of capital gains taxation
I Specialize In Success
Securities Broker/Dealer
If you want higher income
from your assets, how
about giving them away
• asset replacement
• significant charitable donation potential
Let the Federated Endowment Fund show you how a
CHARITABLE REMAINDER TRUST may fit into your
1989 and 1990 financial planning.
Contact:
United Jewish Charities/Federated Endowment Fund
163 Madison Avenue • Detroit, MI 48226-2180
(313) 965-3939, ext. 125
Sportswear
Party Dresses
Business Clothing
Leather Handbags
Jewelry
Furs
We Pay Cash
For Fine Quality Clothing,
Accessories, Furs and Jewelry
By appointment.
Coll for information.
1844 S. Woodward
Birmingham
540-9548
Open M-F 12-6, Sat. 11-6
FOREIGN
4
DOMESTIC
Maxie Collision, Inc.
325 81 Northwestern Highway, Farmington Hills, MI 48018
(313) 737-7122
JIM FLEISCHER
NOBODY CAN
DO IT BETTER...
Than the original
Discount Dinette Specialist
1-800-US-BONDS
An easy solution
to gift giving
U.S.
SAVINGS
BONDS
PRICE • VALUE • SELECTION
OVER 80 SETS ON DISPLAY
BRASS • OAK • CHROME • GLASS
-" •
•---.
Has Dinaire's 10 Yr. Factory Warranty
Almond high pressure laminate top
table with solid oak OG edge, one
leaf, 4 Maywood side chairs w/fitted
upholstered seats.
The ultimate in contemporary dinette
comfort. It tilts, it turns, it rolls with
plush velvet style covers. 42"
Scalloped edge table opens to 60".
5 Pc. set.
$649 95
DINING
FURNITURE _
•26151 GRATIOT
Between 1-696 and 101/2 Mile
775-6310
23716 WOODWARD
at Woodward Hgts. (91/2 Ml.)
544-3322
Special $849 95
THE DETROIT JEWISH NEWS
39