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.
Reporting the stories that define our era. When history unfolds in real-time, the Jewish world turns to JTA. Your support ensures we can document the complexities of war and the resilience of Jewish communities with integrity.
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.