The exclusion of Bank Rothschild of Zurich from an international $33 million loan for Algeria earlier this year was not due to pressure from the Algerians themselves but from Jordanians and Kuwaiti members of the loan syndicate, the Jewish Telegraphic Agency learned. Neither the Algerian National Bank nor a private Saudi Arabian bank had objected to the inclusion of the Jewish-owned Rothschild bank, which is on the blacklist of the central Arab boycott office. However, Kuwaiti and Jordanian banks, sensitive to Palestinian influence in their own countries, forced the issue.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
