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The Palestine Economic Corporation

  • Palestine Economic Corporation Launches Campaign to Sell 600,000 Shares in U.S.

    The Palestine Economic Corporation announced today that it has launched a stock-selling campaign offering 600,000 shares of $25 par value common stock at $28 each. “The new funds are being sought to expand the P.E.C.’s established enterprises in Israel and to organize new businesses to help meet the needs of Israel’s rapidly-growing population for Jobs,… More ▸

  • American Building Experts Leave for Israel to Study Housing Needs of Jewish State

    Seven members of a housing survey committee comprised of leading American builders, architects and realtors recently formed at the suggestion of the Israeli Government–left for Israel during the week-end for a four-week study tour of the housing problem in the Jewish state, it was announced here by Philip M. KLutznick, former Federal Public Housing Authority… More ▸

  • Palestine Economic Corporation Appropriates $500,000 for Housing Program in Israel

    The Palestine Economic Corporation, American development company operating in Israel, today announced plans to launch a housing program to help relieve the critical shortage of living units in the new state. The sum of $500,000 has been appropriated by the corporation to start the work, Julius Simon, president, reported. The P.E.C., he added, has hopes… More ▸

  • New Plastics Firm Established in Israel, Palestine Economic Corporation Official Saym

    Establishment of a company to manufacture soft plastics and the expansion of two food processing and chemical firms in Israel have been undertaken by the Palestine Economic Corporation, it was announced today by Robert Szold, P.E.C. executive committee chairman, who has just completed a four-week tour of that country. “Housing remains the most acute problem,”… More ▸

  • P.e.c. Offers New Issue of Stock for Sale As Part of Israeli Expansion Program

    The Palestine Economic Corporation today announced that yesterday it offered for sale $1,383,700 in common stock at a price of $112 per share. This action is part of the recently announced program of expansion of the P.E.C. various economic organization Israel. For 1948 the corporation reported a net profit of $297, 814 and an increase… More ▸

  • First Vessel to Fly Israeli Flag in Western Hemisphere Waters Dedicated at N.Y. Pier

    For the first time in history, the blue-and-white flag of Israel was raised in the Western Hemisphere when the S,S. Haifa was dedicated here today at ceremonies at Potts Cove Pier, in Queens. Several hundred persons participated in the dedication, which was sponsored by the American-Israeli Shipping Company, agents for the owners of the vessel…. More ▸

  • Palestine Economic Corporation Votes Divided; Shows $297,813 Profit for 1948

    The board of directors of the Palestine Economic Corporation on has declared its regular quarterly dividend of $1 per share of stock and was voted a four-for-one split in its common stock, it was announced today by Henry Korgenthau, Jr., who was recently named chairman of the board of the P.E.C. Including the current action,… More ▸

  • Palestine Potash Decides to Expand Operation on Dead Sea Chemical Deposits

    The Palestine Economic Corporation today announced that an outstanding American chemical engineering firm had been engaged to make a capital investment blueprint for the expanded operation of the chemical exploitation of the Dead Sea. The natural resources of the Dead Sea have been estimated at 42,000,000,000 tons, with potash alone enough to cover the present… More ▸