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industry by pioneering new technolo-
gy that significantly improves how
broadcast video is produced and what
the results look like," said John
Cannon, president of the National
Academy of Television Arts and
Sciences.
After receiving the award, Scitex ):,
Nasdaq-traded shares surged 11.5 per-
cent the first trading day after the
announcement, to close at $15.125.
Scitex Digital Video, which is
headquartered in California, develops
digital visual information communica-
tion technologies for the graphic
design, printing, publishing and video
markets.
Scitex and it subsidiaries develop
and manufacture a range of digital
prepress, digital printing and digital
video products.

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New Pact Needed
With Israel

Jerusalem (JPFS) -- While it is too
,--- late to amend the Paris economic
agreement, a new blueprint for eco-
nomic partnership must be drawn up
between Israel and the Palestinian
Authority as part of the final status
s,i-7) agreement, PA Planning and
International Cooperation Minister
Nabil Shaath said.
Speaking after a preparatory meet-
ing with senior Israel Treasury officials
for ministerial level talks, Shaath said
the 1994 Paris agreement, which
established the framework for eco-
nomic cooperation, particularly
regarding the passage of goods, should
– have been abolished three years ago.
The Palestinians have repeatedly
expressed their dissatisfaction with the
agreement, which they say gives Israel
the upper hand in customs transfers
and negotiations.
The two sides are discussing a series
of agreements which are expected to
ease the tension between the two
camps, at least on the economic front.

r

Central Bank
Ends Restrictions

Jerusalem (JPFS) — There will no
longer be time restrictions placed on
foreign assets and foreign currency
accounts held by new immigrants and
=returning Israeli citizens, the Bank of
Israel announced.
This is the latest in a series of for-
eign currency reforms aimed at creat-
ing a fully convertible shekel by

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10/24
1997