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.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
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.
