«June 2017»

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 Signs Cooperation Agreement with Palestine Deposit Insurance Corporation

At PMA headquarters today, H.E. Governor Azzam Shawwa signed a cooperation agreement with the Palestine Deposit Insurance Corporation (PDIC), which was represented by PDIC Director General, Mr. Zaher Al Hmouz. This agreement aims to enable the corporation to invest in government bonds, through the PMA. The agreement is a culmination of the ceaseless cooperation between the PMA and the PDIC, intended to promote and support banking stability in Palestine. The agreement states that the PMA will offer PDIC financial services, in its capacity as financial agent for financial institutions operating in Palestine. This enables the PDIC to invest in bonds through the PMA, in accordance with the corporation’s investment plan which aims at investing in low-risk government bonds. This investment is undertaken to reinforce reserves allocated to insure customer deposits held with licensed banks operating in Palestine.

Categories: PMA, Memorandum