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News Brief

June 1, 1999
See Original Daily Bulletin From This Date

Raphael Recanati, an Israeli business magnate, died last Friday in New York at the age of 75. After Israel was established in 1948, he founded the Israel- America Line shipping company, which transported food and arms to the nascent state. From 1982 to 1986, Recanati served as chair of Israel Discount Bank, which his family had founded.

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