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The Elisra Group signed a contract with the Canadian Army to continue
supplying electronic combat systems for helicopter defense. The scope of
the contract is 25 million shekels (Yediot Ahronot, December 2)
Amdocs has
signed a contract with Telos, the second largest media conglomerate
in Canada. The contract
obligates Amdocs to take care of all billing activities, providing
solutions for managing orders and integration services. The worth of the
contract is estimated at 60-70 million dollars and will be over several
years (Globes December 1)
Magal Security Systems has announced an order for 3.4 million dollars from the
Canadian Penitentiary System, for the security of 8 penitentiaries (Globes
November 25)
Africa Israel Company lost 16 million shekels from its Canadian Fashion
Bathing Suits operation (Yediot Ahronot, November 29)
The Israeli Company Spetrocket signed a deal for 3 million dollars with the
Canadian company Global View.
The company will set up operations centers to manage their vehicle
fleet, and their shipping fleets.
The system will be based on GSM technology and the satellite
navigation system GPS (Maariv, November 17)
Yossi Tanuri
has been appointed the Managing Director of the Canada Israel Appeal
(Yediot Ahronot, November 15)
Aber, the Canadian Diamond Company has increased its sales of raw
diamonds to Israeli Diamond Cutters as well as its purchase of polished
diamonds. This was announced
by company managers visiting Israel this week (Globes, November 11)
Air Canada has cut the number of its weekly flights to Toronto from seven to
four (Ha’Aretz, November 11)
Entrepreneur David Azrieli intends to issue 10-15 percent of the stocks of “Kanit”,
the group he owns in Israel.
“Kanit” will be issued at a minimal value of
3-5 billion shekels. The
magazine Canadian Business has ranked Azrieli amongst the ten
richest persons in Canada (Yediot Ahronot, November 9)
Sinron Company which develops cosmetic equipment announced yesterday that the
Canadian Health Authority authorized the sale of VelaSmooth to treat
cellulite (Globes October 20)
_______________Real
Estate ______________
The Canadian Investment House Tri Continental Capital is raising
100 million dollars in Israel for its new real estate fund, which will
concentrate on financing residential building projects (Maariv, December 8)
The Edgar Investment Company has signed
agreements to purchase two office buildings in Toronto for a total
investment of 19 million dollars (Globes November 12)
Kanaf 2000 owned by Sherem-Pudim-Kellner has purchased 30 percent of an
exclusive hotel management company in Canada for 10 million dollars. The hotels are located in Edmonton
(HaZofeh, November 17)
The Angel General Development Company controlled by Ya’acov Angel is
currently initiating three large projects that include 916 residential
units in Montreal Canada.
Sales are estimated to be 200-250 million dollars (Globes October
22)
Lehman Brothers Investment Bank will for the first time enter into cooperation
with an Israeli firm and will invest 18 million dollars in Ya’acov Angel’s
Canadian project (Globes, November 22)
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