VOL. XXXI

NO. 38

27-JUNE-1988

Financial and Banking News

REGIONAL BANKING

New Joint Libyan-Algerian Bank

As part of the recent economic cooperation agreements among the North Africancountries, and following a meeting in Tripoli on 18-19 June, the Algerian andLibyan Finance Ministers have agreed to establish a joint bank - The ArabMaghreb Bank for Investment and Commerce and have also signed an agreementeliminating double taxation between the two countries.