Cash And Trade Magazine For Cash and Trade professionals in the Middle East
The Arab Petroleum Investments Corporation (APICORP), a multilateral bank owned by the 10 member states of the Organisation of Arab Petroleum Exporting Countries, in August reported an above-budget net income of $47m for the first six months of 2010, a 95 per cent rise over the same period the previous year. Assets at the end of June had climbed to $4.3bn from $4.1bn on 31 December 2009.
