Item 7.01 Regulation FD Disclosure.

On May 14, 2008, Ampal-American Israel Corporation (the "Company") issued a press release announcing that it has commenced an offer in Israel to purchase shares of Gadot Chemical Tankers And Terminals Ltd. The full text of the press release is attached as Exhibit 99.1 to this Current Report and is incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits:

EXHIBIT DESCRIPTION
99.1 Press release of Ampal-American Israel Corporation, dated May 14, 2008.