It was agreed to extend the rail line from the old Ashdod's port to the new Jubilee Port complex and build a new rail cargo terminal at an estimated investment of NIS 130 million.

Mr. Reuven Zuck, director general of the shipping agency "Allalouf", was elected last week as the new president of the Chamber of Shipping replacing Mr. Nahum Ganzarsky

Elisha Yanay Motorola Israel general manager and chairman of the Israel Association of Electronics and Information Industries (IAEI) said last week that Israel's high-tech sector will grow 6% in 2005 to $16.6 billion

Ron Kobrovsky, Manufacturers Association's Food Industries Association chairman and managing director of Central Bottling Co. said last week that in January-September 2005, Israel’s food exports rose by 18.4% to $497 million

Israel Corp. disclosed last week that its subsidiary, Zim Integrated Shipping ltd made a profit of $62 million for the third quarter, compared with $39 million for the corresponding quarter of last year

Mr. Stanley Fischer Governor of Bank of Israel Governor raised last week the lending rates on central bank sources for December, by half a percentage point, to 4.5%.The December increase is the third in as many months

Msc Israel announced last week the inauguration of a new direct service fro Israel to the Adriatic port of Koper. The Port of Koper lies in the gulf of Koper in the point in which the Adriatic Sea indents the most into the European continent

Ashdod port clients gathering held last Tuesday, were told that Shipping companies and other clients using the Ashdod port had saved a total of between NIS 80m to NIS 100m, since Israel's port system was reformed in February