BANKING

Jordan’s central bank governor sees 3.8% growthMay 24, 2015

Jordan’s economy to grow about 3.8 per cent and will meet its IMF-approved target this year. “The economy is resilient and our imports of energy have dropped substantially by about 30 per cent”, the Central Bank Governor Zaid Fariz said on the sidelines of a World Economic Forum meeting in the Dead Sea.

Growth has accelerated from 2.3 per cent in 2013. Jordan’s budget deficit is expected to drop to 1.8 per cent of GDP this year with losses at state electricity firm NEPCO reduced to 600 million dinars from 1 billion last year and with its arrears wiped out by next...

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Planning Minister urges EBRD to support Jordan 2025 blueprint May 17, 2015

Minister of Planning and International Cooperation, Imad Fahkoury, urged the European Bank for Reconstruction and Development (EBRD), to support the Jordan 2025 development blueprint since the bank focuses on fields, priorities and strategies similar to those included in Jordan's 10-year plan.

Fakhoury’s remarks came as he led a high economic delegation to the meetings of the EBRD in Georgia's capital,"...

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Jordan officially joins China-proposed AIIB May 10, 2015

Jordan announced on Saturday that it has become a founding member of the China-led Asian Infrastructure Investment Bank (AIIB), state-run Petra news agency reported.


The decision to join the new bank was prompted by the Kingdom's belief in the need to support development projects in developing countries, Jordan's Minister of Planning and International Cooperation Imad Fakhoury"...

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Kingdom officially joins Asian bank as founding member May 10, 2015

Jordan has officially become a founding member of the Asian Infrastructure Investment Bank (AIIB), Planning and International Cooperation Minister Imad Fakhoury has said.


The goal of establishing AIIB — its headquarters located in China — is to provide funding for investment projects in the infrastructure and productive sectors like water, transportation"...

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Erin Energy Announces First Quarter 2015 ResultsMay 9, 2015

Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT:ERN) announced today financial and operational results for the quarter ended March 31, 2015. The Company plans to file its Form 10-Q for the first quarter 2015 with the Securities and Exchange Commission later today.


First Quarter 2015 Highlights:


Central Bank's liquidity position reaches JD4.3billionMay 4, 2015

The Central Bank of Jordan (CBJ) announced Sunday that the obligatory reserved volumes held at CBJ amounted to JD1.5billion with JD2.8billion as excess liquidity capital including the overnight window deposits.

The CBJ said on its website that the outstanding balance of one week certificate of deposits reached JD1 billion and will be matured on 05/05/2015.

It added that the value of overnight repurchase agreements (REPO) held with"...

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Housing Bank to distribute 35% cash dividendsApril 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"...

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