VOL. XXXVIIINO. 67-NOVEMBER-1994

Financial and Banking News

Regional Banking

Egypt, Jordan And Israel To Establish Joint Private Investment Bank

Israeli Foreign Minister Shimon Peres said on 1 November that Egypt, Jordanand Israel had agreed to set up a joint private investment bank. Mr. Peres madethe announcement in Casablanca during the Middle East and North African EconomicConference. He did not identify which banks would be involved in the formationof the new bank, and added that it would be...