VOL. XXXVIII
NO. 30
24-APRIL-1995
Financial and Banking News
Regional Financing
Apicorp's Net Profit Falls 26% In 1994
The OAPEC-sponsored Arab Petroleum Investments Corporation (Apicorp)announced net profits of approximately $20mn for 1994, compared to $27mn in1993, following a board meeting held in Cairo on 5 April. According to a pressrelease issued by Apicorp, the decline in profit is attributed to sharpfluctuations in interest and exchange rates, adversely affecting the equity andbond markets...
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