Middle East Economic Survey

VOL. LIII

No 45

8-Nov-2010

REGIONAL

APICORP Posts 42% Net Income Rise In First Nine Months

The Arab Petroleum Investments Corporation (APICORP) has seen its net income for the first nine months of 2010 rise 42% year-on-year, it said on 1 November. The bank, owned by all 10 members of the Organization of Arab Petroleum Exporting Countries (OAPEC), reported a net income of $64.31mn, and total assets of $4.15bn a 7.5% year-on-year rise. Total shareholders equity,...