The Monthly PMA Business Cycle Index (PMABCI) – September 2016

The Monthly PMA Business Cycle Index (PMABCI) – September 2016

Increase in the Index due to its improvement in Gaza

The PMA has released the results of its Business Cycle Index (PMABCI) for September 2016. The results revealed an increase in Palestine's overall index, supported by a remarkable improvement in Gaza Strip's index, and despite the decline in the West Bank's index.
PMA Signs Cooperation Agreement with Palestine Deposit Insurance Corporation

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.
PMA Supervises Implementation of Optional Merger Agreement between Bank of Palestine and Palestine Commercial Bank

PMA Supervises Implementation of Optional Merger Agreement between Bank of Palestine and Palestine Commercial Bank

The Governor of the PMA, H.E. Azzam Shawwa, announced that the PMA has approved and overseen the transfer of all owners’ rights and obligations of the Palestine Commercial Bank (PCB) to the Bank of Palestine (BOP), following the merger agreement between the two parties.
Replacement of Damaged Currency Held with Bank Branches Operating in Gaza Strip

Replacement of Damaged Currency Held with Bank Branches Operating in Gaza Strip

The Governor of the PMA. H.E. Mr. Azzam Shawwa announced that NIS 52 million worth of damaged money held with bank branches operating in the Gaza Strip has been replaced with new banknotes.
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