IF YOU WANT TO EARN BIG, THINK SMALL. maceuticals with sales of $176 million and Scitex ($159 jJ million in sales), with a con- L, trolling interest recently bought by British press magnate Robert Maxwell. Their computerized imaging systems have revolutionized press printing. Luz In- dustries, with an annual in- come of $61 million, makes solar equipment for produc- e ing electricity and has been awarded many large contracts in California. Israel's largest foreign- owned company is Motorola Israel Limited. Dun and r- Bradstreet list the company I in 13th place. Another r- foreign-owned company, Readymix Israel Limited part of the British based RMC Group — was Israel's fastest growing company, with sales of $50 million. The country's largest con- glomerate is Koor Industries Limited, with an annual in- come of $2.3 billion. Its in- terests include chemicals, foods and electronics, and its importance to the Israeli economy is such that its pre- sent liquidity crisis will be one of the government's top priorities. Outside of the manufactur- ing sector, Israel's best known companies are its banks. Bank Hapoalim, owned by the Histadrut, is now the country's largst bank, with assets totalling $30.6 billion. Bank Leumi, nominally own- ed by the Jewish Agency, has assets of more than $26 billion, while Israel Discount Bank has assets of $14 billion. In the service sector, the Paz Oil Company recorded sales of $875 million. Paz became the first government company to be sold as part of Israel's privatization program when it was acquired by an Australian businessman for $480 million. The Bezek telephone com- pany registered an annual in- come of $687 million, while the country's other two oil companies have impressive returns — Delek, $510 million, and Sonol, $420 million. In transportation, Zim Navigation, now among the world's top 10 freight shipping lines ($800 million) and El Al ($567 million) showed handsome profits. The aforementioned statis- tics give only a small insight into Israel's highly successful and sophisticated commercial sector and show a side to the country not often seen by Diaspora Jews, most of whom think of Israel in terms of sen- timent rather than business. ❑ World Zionist Press Service Compare our annual rate on passbook/statement savings accounts. UNITED SAVINGS BANK 5.50% First Federal Savings 5.00% Standard Federal 5.00% Michigan National (passbook) 4.75% Comerica 4.75% N * Includes a free Magic Line ATM access card. Rate compounded quarterly for a 7.18°o annual yield. Minimum deposit S100. Deposits federally insured up to S100.000. Rates as of date of publication. United Savings FS B 0 The little bank with the big rates. AS, 855-0550 Esther Allan 28555 Middlebelt Road Farmington Hills, MI 48018 (313) 737.7000 THANK YOU To the following individuals for their generous support of the Camp Gan Israel/Esther Allan Scholarship Fund in memory of Charles E. Feinberg: 7.00%* Empire of America CAMP GAN ISRAEL g4 ILENE'S Norman Adelsberg Tom Adler Dr. Leonard Aronovitz Max D. Beal Harry Berlin Sondra L. Berlin Irving Berman Meyer Blackman Eileen Bluestone Kenneth M. Borin Jack Borsand Arthur Boschan Lillian Bratt Seymour Brode Herman M. Canner Leonard Edelman Fred Ettinger Walter L. Field Samuel Frank Dr. Mark Glasberg Leo Y. Goldsmith Harvey Goldsmith Menashe Haar Milton Handelman Samuel P. Havis Sara Hochman Simon S. Indianer Alex Joseph Harold B.Kalt Dr. Jack Kartaginer Jerry F. Kasle Herbert Kaufman Jeffrey B. Klein Leo Knight George Krumholz Ethel A. Lasky E. Aaron Lazaroff Morris Mandelbaum C. S. Mason Robert Orloff Irving Palman Lowell L. Peacock Irving E. Pitt Dorothy Potiker E. Steven Robinson Jon Rittman Louis Rogovein Abraham Satovsky Ronald Sherr Leonard G.Siegal Leo P. Sklar Philip Slomovitz Bernard Stollman Max Stollman Harold Strom Clara Stulber Moe Yolles Dr. Harvey M. Zalesin WISHING YOU A VERY PEACEFUL, HEALTHY, AND HAPPY NEW YEAR E3tq-L, Norman Allan Scholarship Committee Fred Ferber Lenore B.Feinberg CLASSES NOW FORMING IN: TAP * JAZZ * BALLET * GYMNASTICS * • AGES PRE-SCHOOL THROUGH ADULT • BEGINNER THROUGH ADVANCED • ANNUAL RECITAL IN JUNE • AIR CONDITIONED STUDIO • PERFECT ATTENDANCE TROPHIES AWARDED • PROFESSIONAL INSTRUCTION AT REASONABLE RATES Drakeshire Shopping Plaza 35129 Grand River, Farmington MI 48024 477-3830 thanks you for your continued patronage and wishes you a happy & healthy new year! Grow with us in a tradition of excellence as we continue to offer the finest in elderly health care. For further information: 6950 Farmington Rd. West Bloomfield, MI 48322 661-1700 SUSAN WEINGARDEN 851.0552 A MAY COMING YEAR BE FILLED WITH HEALTH, HAPPINESS AND PROS3ERITY FROM \OUR FRIENDS AT "105: A PARTY VIS' FARMINGTON HILLS 855-3636 OPEN 7 DAYS A WEEK Advertising in The Jewish News Gets Results Place Your Ad Today. Call 354-6060 THE DETROIT JEWISH NEWS 73