«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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PMA Governor Azzam Shawwa Meets French Economic Delegation in Ramallah

Governor of PMA, H.E. Azzam Shawwa, met at PMA headquarters in Ramallah with high level French economic delegation comprised of Ms. Agathe Demarais, Financial Counselor for the Middle East at the French Embassy in Lebanon, and Mr. François Flamand, Economic and Commercial Counselor, and Mr. Nadim Asfour, Commercial Attaché, at the Consulate General of France in Jerusalem. 
Governor Shawwa welcomed the French delegation, praising the French-Palestinian relations, adding that France stands at the forefront of the countries supporting the Palestinian people in all fields.
H.E. Governor Shawwa briefed the guest delegation on the efforts made by the PMA to strengthen the stability, independence, robustness and business soundness of the Palestinian banking system, in compliance with international best supervisory banking practices and standards; most importantly with Basel supervisory banking standards and the recommendations of Financial Action Task Force (FATF) in the area of combating money laundering and terrorist financing. 
The French delegation commended the PMA and the Palestinian banking system for their achievements and the significant advances they have accomplished which helped build the Palestinian national economy.
It is worth mentioning that the PMA dedicates significant attention to the development of Palestinian banking ties with various related regional and international parties to best serve the interests of the Palestinian national economy.
 

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