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WASHINGTON, Oct 09, 2002 (United Press International via COMTEX) — Insider notes from United Press International for Oct. 9 … A nasty spat has broken out between Israel’s Finance and Defense ministries over the $700 million deal to upgrade 170 of Turkey’s obsolescent tanks. The Defense Ministry has guaranteed the deal for the contracting company, Israel Military Industries, and unprecedentedly assigned a serving officer, Brig. Gen. David Angel, who runs Israel’s Merkava tank project at the ministry, to manage the Turkish project. But the Finance Ministry now says the margins are so tight that Israel is likely to make a loss on the deal. The Defense Ministry says the profit margins are indeed razor thin, but that is so Israel can win the next stage of the Turkish tank upgrade contract, for another 770 tanks, worth some $3 billion. The Finance Ministry is still skeptical, noting that Israel was required to invest $100 million upfront in building an assembly line in Turkey for the tank upgrades.
The fizzy Iranian soft drink “Zam Zam Cola” could quench the thirst of the two million Muslim faithful expected next February on their annual pilgrimage to Islam’s holiest spot Mecca, following a Saudi boycott of US cola giants Coca Cola and Pepsi Cola. “Two million pilgrims are going to come to Mecca. We have just established ourselves in Saudi Arabia, where we delivered Saturday 300,000 bottles, and we hope that during the next Hajj (pilgrimage) the faithful will refresh themselves with our products”, Zam Zam’s director Ahmad-Haddad Moghaddam told AFP.