VOL. XLVI

No 8

24-February-2003

JORDAN

Arab Bank In Preliminary Discussions To Buy Troubled Jordan Gulf Bank

MEES learns that Arab Bank is holding preliminary discussions with the Central Bank of Jordan (CBJ) over a possible buyout of troubled Jordan Gulf Bank (JGB), following the central banks dissolution of JGBs board on 2 February (MEES, 10 February). The talks are at a very early stage, and the central banks managing committee appointed to guide the banks operations after the board was...