Middle East Economic Survey

VOL. LIV

No 23

6-Jun-2011

REGIONAL

APICORP Increases Subscribed Capital To $1.5Bn

In a strong endorsement of its performance from shareholder countries, the Arab Petroleum Investments Corporation (APICORP) said on 31 May that they had unanimously agreed to nearly triple the development banks capital base to $1.5bn. The bank, in which the governments of the 10 members of the Organization of Arab Petroleum Exporting Countries (OAPEC) hold equity, said that the...