that surrounded the Casablanca eco-
nomic peace process and Israel's new
place in this region? The fact is, no
serious economist ever took it serious-
ly — the Arab states may have a corn-
mon language, religion and culture
from Morocco to Iraq but, said one
analyst, "they don't trade with one
another. Mostly they scarcely speak to
one another. Israel is not a natural
belonger in the Middle East."

❑

Romania Seeks
Israeli Investors

Jerusalem (JPFS) — The Romanian
government is to sell all of its hold-
ings in more than 2,000 companies
by the end of the year, in a process
that is to be open to foreign
investors, including those from Israel,
according to officials at the
Romanian Embassy in Israel.
"Israeli investors will likely be most
interested in companies involved in
telecommunications, such as the
national phone company RomTelcom,
but also in real estate and agriculture,"
said Dorin Refca, the embassy's eco-
nomic attache.
There is money to be made by
investors who can successfully imple-
ment modernization of technology
used in Romanian companies, he
added. Romania has the advantage of
a relatively large population of 23 mil-
lion and a technically trained work-
force, he said.

Israel, Jordan
Industrial Park

Jerusalem (JPFS) — Israel and Jordan
have agreed to establish a $280 mil-
lion industrial park on both sides of
the Jordan River.
Details of the park were finalized
during a meeting between National
Infrastructure Minister Ariel Sharon
and Jordanian Water and Irrigation
Minister Munther Haddadin, who is
responsible for joint projects with
Israel.
The park, to be located alongside
the Sheikh Hussein bridge, is one of a
number of plans currently under dis-
cussion, with others including a canal
between the Dead and Red seas and a
train line from the Dead Sea to the
Gulf of Eilat.
The park, which will be a free-trade
zone, will be developed by a cross-bor-
der firm — Jordan Gateway Project
Co.

Finally, A Bank
That Actually
Wants
To Work Hard
For You.

Most peOple know that Sterling Bank & Trust

has a history of paying consistently competitive

interest rates. But do you also know that Sterling

is a full-service bank, and can help you with your

Score J. Seligman, Chairman

and Stephen H. Adams,

Banking & Commercial

Lending Officer

Annual percentage
yield accurate as of
2/2/98 and subject
to change without
notice. $2,500
minimum balance
required on money
market accounts. Statement fees may reduce
earnings if minimum balance is not maintained.
©1998 Sterling Bank & Trust, F.S.B.

MONEY MARKET

4.60%

A.P.Y.

business banking needs, and help you plan your

SLerling®

financial future?

fr ank

These days, you need more than a different

bank. You need a smarter bank. And we're here

We Create Solutions-

and ready to help!

Owned and operated by the Seligman Family

Commerce Twp. (248) 669-3993 • Farmington Hills (248) 489-9580
Southfield (248) 948-8799 • Troy (248) 649-3883 • West Bloomfield (248) 855-6644
15 branch locations throughout metropolitan Detroit

FDIC
INSURED,

Visit us on the web at www.sterlingbank.com

EQUAL HOU$UIG

LENDER

enty cause now for the priee•or a'136Stage"Stfamp you can get:SOme of e.
.rdtes. aroun
it's the Michigan Heritage Bank CD by Mail. Just call for an application . and drop it in the Mail with a check.
Simple. It could be the best 32 cents you'll ever invest.

3.65%

3.80%

5.00°l0

k:‘31h

• A

Classic Account*

Minimum $5,000

*Unlimited Checking!

The 111ichigan Heritage Bank CD b ■

Stop in or'call for an
application today.

1-800-914-3524

21211 Haggerty Road at 8 Mile.
Next to the Novi Hilton.

110111

ANIL

AlICHIGAN HERITAGE

U3a/ia

Cr FDIC
ceNiDeR Insured

93

Annual Percentage Yield is idircike as of 1'0i. 22. 1998. Penalty
for early k‘ithdrawal. Business or brokered accounts not eligible.

6/12
1998

131