VOL. XXXII

NO. 23

13-MARCH-1989

Financial and Banking News

REGIONAL BANKING

Arab Jordan Investment Bank Gets Cyprus OBU

A small Amman-based bank, the Arab Jordan Investment Bank (AJIB), has becomethe 17th foreign bank to receive a license to open an offshore banking unit (OBU)in Cyprus. AJIB was founded in 1978 by a group of institutional shareholdersprincipally comprising Qatar National Bank, the Abu Dhabi Investment Authority,Libyan Arab Foreign Bank, The Arab Investment Company, National...