AMPAL-American Israel Trading Corporation will open a new bank in Israel next month with a capitalization of 1,000,000 Israeli pounds, Abraham Dickenstein, president of AMPAL, announced here today prior to his departure for the United States.
In a review of his company’s investments in the Jewish State, Mr. Dickenstein said that it had already invested $6,000,000 in oil companies and planned to explore for oil in the Heletz and other promising regions next year. Since its establishment, AMPAL has invested $160,000,000 in Israeli enterprises, Mr. Dickenstein revealed.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
