VOL. XXXIX

No. 24

11-March-1996

PALESTINE

Arab Businessmen Set Up New Palestine Bank

The founding members of the Palestine International Bank (PIB) have already subscribed to $4mn of the projected $20mn capital for the bank, the chairman of PIB's founding committee announced in Dubai. The founding group includes investors from Jordan, Qatar, Saudi Arabia, Lebanon, Tunisia, the US and Egypt, as well as Palestinian businessmen. The bank is the first to be licensed by the Palestine...