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Electronic Data System (EDS),
a General Motors (GM) compa-
ny, will form an Israeli sub-
sidiary, visiting GM CEO John
Smith announced following a
meeting with Prime Minister
Yitzhak Rabin.
EDS, which deals with infor-
mation technology, was origi-
nally founded by former U.S.
presidential candidate Ross Per-
ot.
It provides consulting, system
development, integration and-
management, process manage-
ment and co-sourcing. The
company posted $724 million in
net profits last year on revenues
of $8.56 billion.
Although the company works

with all GM information sys-
tems, 61 percent of revenues
comes frcm non-GM sources.
EDS has 70,000 employees,
serving a client base of 8,000 cus-
tomers in 30 countries.
Customers include, among
others, the U.S. Defense De-
partment,
Hewlett Packard, Japan Air-
lines, Southwest Airlines, World.
Cup Soccer USA and Dow Jones.
Mr. Smith said the Middle
East is GM's strongest export
market, with 40,000 units sold
this year.
Saudi Arabia is the largest
Middle Eastern consumer, with
Israel "running a clear second."

Maybe Not So Intelligent?

Intelligent Information Systems
of Israel, which conducts busi-
ness in the United States under
the name Decision Data, has
reported a 1994 third-quarter
loss of $6.9 million as compared
with a net profit of $3.5 percent

for the comparable period in
1993.
The company develops, man-
ufactures and markets commu-
nications and networking
products.

Casablanca Meeting:
Boycott Is Over

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Jerusalem (JTA) — A regional
economic conference in Casablan-
ca, Morocco, concluded with Mo-
rocco's King
Hassan II and Israeli Foreign
Minister Shimon Peres declaring
the Arab boycott of Israel effec-
tively over.
King Hassan closed the his-
toric three-day conference, which
brought together Arab and Israeli
leaders as well as business exec-
utives from around the world, by
issuing a 14-point "Casablanca
Declaration."
The declaration called for a
partnership between government
and business to develop the
economies of the Middle East and
North Africa.
Despite Israeli efforts, the for-
mation of a regional development
bank was not announced, after
Saudi Arabia, the United States
and several European nations ex-
pressed reservations about the
plan.
Instead, a staff of experts will
study the proposal and submit
recommendations in six months'
time.
While there were few concrete
developments that emerged from
the conference, Israeli delegates
were pleased to find themselves
on an equal footing with their
Arab counterparts, who have
largely shunned all relations with
the Jewish state since its found-
ing in 1948.

Delegates at the conference
made a general call to remove ob-
stacles that hinder economic
growth in the region. They also
called for open borders between
Israel and the Palestinian au-
tonomous zones of the Gaza Strip
and West Bank Jericho enclave.
Morocco's king specifically
urged Israel to lift the closure on
the territories, put into effect af-
ter the terrorist attack on a Tel
Aviv bus last week that left 23
dead. Israel had already an-
nounced it would lift the closure
by midweek.
Members of the conference set
up a steering committee that will
meet regularly. A second confer-
ence was scheduled to convene in
Amman, Jordan, in April.
Mr. Peres said the conference,
which gave Israeli and Arab busi-
ness executives their first oppor-
tunity to make contact in an open
forum, was proof that the Arab
boycott of Israel was over.
"The boycott has died, even if
it has not been formally buried,"
Mr. Peres told Israel Television.
`The negative union for the boy-
cott is being replaced by a posi-
tive one for economic
cooperation."
The conference was also a
channel for developments on the
diplomatic front.
On the final day of the summit,
Israel opened a liaison office in
the Moroccan city of Rabat. Mo-