«June 2017»
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The Monthly PMA Business Cycle Index (PMABCI) – May 2017

The PMA has released the results of its Business Cycle Index (PMABCI) for May 2017. The results revealed a divergence between the West Bank (WB) and Gaza Strip (GS) indices through the month. 
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The Monthly PMA Business Cycle Index (PMABCI) – June 2017

The WB's index continued to improve but at a very slow pace, increasing marginally from 14.2 points in May to 14.4 points this month, mainly due to slight rises in the industrial sub-sectors' indices. In general, indices of food, textile, paper, 
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Governor of PMA: First Main Office of Association for Banks in Palestine Opening Soon in Gaza

H.E. Governor of the PMA, Mr. Azzam Shawwa, announced that, following a deliberative meeting with the Association of Banks in Palestine (ABP) held at PMA headquarters, it has recently been agreed to open the first ABP main office in Gaza. With support from the PMA, the decision was driven by ABP’s view that there the need exists to activate the role of the Association to build and enhance the capabilities of banking sector employees to stay up-to-date with the most recent developments in banking. 
H.E. Governor Shawwa added that Mr. Mohammad Barghouti, Chairman of the Board of Directors, will kindly be following up the procedures to open the main office and appoint a resident director of ABP Gaza.
Mr. Shawwa added that he was confident that the Gaza office, in coordination with the PMA, will contribute to the development of the banking industry through conducting studies, publishing brochures, organizing seminars and workshops and promoting social responsibility; hence develop Palestine’s economy despite political and economic hardships.
 

Categories: PMA, Meetings, Announcements

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