VOL. XLV
No 38
23-September-2002
ALGERIA
Algeria Issues Banking License To United Gulf Bank
The Central Bank of Algeria has issued a license to the Bahrain offshore bank, United Gulf Bank(UGB), to open a commercial bank in Algeria, the UGB managing director Mas'ud Jawharhayat has announced.UGB is majority owned by Kuwait Projects Holding Company. Tunis InternationalBank and Jordan Kuwait Bank, both affiliated to Kuwait Projects HoldingCompany, are also involved in setting up the new entity. UGB...
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