Middle East Economic Survey

VOL. XLVII

No 28

12-July-2004

JORDAN

REGIONAL BANKING

Arab Bank Rejects Terrorism Financing Lawsuit

Jordans Arab Bank has strongly rejected a lawsuit which claims $875mn in damages against the bank for allegedly helping to finance attacks by Palestinian militant groups such as Hamas and Islamic Jihad. The suit was filed on 2 July at the US District Court in Brooklyn, New York by a group of US families whose relatives have been killed or injured in Palestinian attacks in...