The price of gasoline, which at midnight Wednesday hit an all-time high of NIS 8.05 per liter, could go as high as NIS 10 per liter, Finance Minister Yuval Steinitz – currently in China – tells Yediot Aharonot. Steinitz said that the tax policy couldn’t be changed every month, and that gasoline prices were up due to Western sanctions on Iran.
Golf & Co’s Q4 Revenue up 7%
Golf & Co, controlled by Clal Industries, has reported a 7% growth in revenue for the fourth quarter, with its share price rising 4.8%, Ha’aretz reports. The rise has been attributed to a stormy winter and a drop in the price of cotton. Clothing sales grew 15% to NIS 96 million.
SodaStream’s Revenue Rose 39% in 2011
SodaStream International has posted a 39% growth in revenue for 2011, and the company is predicting 28% revenue growth and 35% growth in net profit for 2012. According to SodaStream CEO Daniel Birnbaum, 2011 was a “defining year” for the home carbonation system manufacturer and added that the US had become SodaStream’s largest market, seeing 104% sales growth in 2011.
Iranian Officials Campaigning Against “Western Conspiracy”
A day before Iran’s parliamentary elections, officials have been targeting the West in their campaigns, CNN reports. Friday’s election is the first one to be held in Iran since the presidential election of 2009. The state-run media is running anti-US propaganda, such as “US Dreads Iranians’ Turnout in Elections.”
Shenkar College Students Make Household Items from Newspaper
Old issues of Ha’aretz newspaper serve as material for a recent student project at Shenkar College of Engineering and Design, Ha’aretz reports. The students used the newspaper to create household objects – including a lampshade and a chair – using various techniques. The results of the project will be on display at the G Complex in Tel Aviv starting Friday, March 2.