IMF Executive Board Completes the 6th Review Under the SBA for Jordan April 26, 2015
The Executive Board of the International Monetary Fund (IMF) has completed the sixth review of Jordan’s three-year economic program supported by a Stand-By Arrangement (SBA).
A statement by the IMF Saturday said that the completion of the sixth review enables the immediate release of the equivalent of SDR 142.083 million (about US$197 million), bringing total purchases under the program to the equivalent of SDR 1.08 billion (about"...
Housing Bank to distribute 35% cash dividends April 26, 2015
The Housing Bank announced in a press sattement on Saturday that it will be distributing dividends to shareholders at a rate of 35 per cent.
"Pretax profit last year amounted to a record JD162.1 million, an 8 per cent growth over the JD150.1 million posted in 2013," Chairman Michel Marto told the shareholders during an ordinary general assembly meeting.
"Net after-tax"...Continue Reading >
Koreans to offer oversight of Jordan's first nuclear reactor April 26, 2015
Jordan's Board of Commissioners of the Energy and Mineral Resources Regulatory Commission and the Korea Institute of Nuclear Safety (KINS) agreed on Saturday to cooperate in regulating and controlling the Kingdom's nuclear radiological work.
The reactor will be constructed on the campus of the University of Science and Technology with 5 MW capacity in cooperation with Daewoo Engineering and Construction Corporation and Korea Atomic Energy Research Institute (KAERI).
Chairman of the board of commissioners, Farouq Hiyari , during his meeting with KINS president Kim Moo Hwan, said...
Key Jordanian trade route cut after Syria border closure April 26, 2015
When security fears forced Jordan to close its last border crossing with Syria this month, it severed its most important trade route to the outside, further straining an economy already hit by fallout from the war across the border.
But the damage to heavily import-reliant Jordan is not just hypothetical — hundreds of importers and exporters lost millions of dollars"...Continue Reading >
Key Jordanian trade route cut after Syria border closure
April 26, 2015
When security fears forced Jordan to close its last border crossing with Syria this month, it severed its most important trade route to the outside, further straining an economy already hit by fallout from the war across the border."...Continue Reading
Deputy Prime Minister and Foreign Minister Nasser Judeh on Friday highlighted the burdens borne by the Kingdom as a result of hosting large numbers of Syrian refugees in the wake of the crisis in Syria, which has entered its fifth"...Continue Reading