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The Baltimore Sun


Israeli industrialist

Benny Gaon, an Israeli industrialist and advocate of economic ties with Arabs, died Saturday of cancer at a Tel Aviv hospital, his office said.

In recent years, he had been chairman and president of B. Gaon Holdings Ltd., a company he founded that promotes investments around the world.

He was best known in Israel for rescuing Koor Industries Ltd. from the brink of bankruptcy in 1988.

Mr. Gaon was known for his optimism about the prospects for peace. In 2005, he helped found the Palestine International Business Forum to foster economic development in the West Bank and Gaza Strip.

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