NO. 40


Financial and Banking News

Regional Banking

Arab Bank And IFC Plan Commercial Bank For West Bank And Gaza

The Amman-based Arab Bank and the International Finance Corporation (IFC), asubsidiary of the World Bank, intend to set up a commercial bank in the WestBank and Gaza Strip that will provide long-term loans to small and medium-sizedbusinesses in the Palestinian controlled areas. The Arab Bank is to subscribe to51% of the shares of the Arab Palestine Investment...