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...
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