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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Arab Bank shuts down in Gaza

Posted on 11 May 2010

From Ynetnews.com: The largest bank in the Arab world, the Arab Bank, will shut down its three Gaza branches, the Calcalist learned Monday. Their closing will mark the last of the banks working according to international banking standards in Gaza.
More importantly, the Arab Bank was the main channel for funds transferred to Gaza from aid organizations as well as any financial interaction with the outside world……………………………………….Full Article: Source

 
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