HAIFA BOTTOM LINE HIT

Israels port of Haifa reported a 9% drop in cargo traffic in the first three quarters of 2006, as well as a 4% drop in container traffic.This compares with a forecast for an 8% rise in total cargo. In total, it is predicted to see a ¢ 10m loss in revenue for 2006 as a result of Israels incursions into Lebanon, although it still expects to post an overall profit for the year.