Merhav Ampal Energy Ltd., a wholly owned subsidiary of Ampal-American Israel Corp. (AMPL) on Sunday said that it has signed a joint venture deal with Clal Electronics Industries Ltd., an Israel-based holding company, to focus on the new development and acquisition of controlling interests in wind energy projects outside of Israel.The joint venture, owned equally by Ampal and Clal, would seek to either develop or acquire wind energy opportunities with a minimum goal of establishing at least 150MW of installed capacity within the next 3.5 years.The joint venture's initial project is the development of a wind farm in Greece.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.