NO. 51


Financial and Banking News

Regional Banking

Egyptian Banks Lend $18Mn For Gaza Airport

Two Egyptian banks - Arab Land Bank and Egyptian Ahli Bank - have signed aloan agreement for $18mn with the Palestine National Authority to finance theconstruction of a civilian airport in the Gaza Strip. The airport will be builtby Arab Contractors Company-Palestine, an Egyptian- Palestinian joint venture.Construction will take 12 months for completion, but the airport would...