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The European Bank for Reconstruction and Development (EBRD) is to support the Jordanian poultry industry by providing expertise to the country's agribusiness companies.
EBRD and its donors are funding expert help for promising agribusiness companies in Jordan and one market leader in the poultry sector in particular.
In the southern and eastern Mediterranean"......Continue Reading >
Political instability in the Middle East has taken a toll on Jordan’s economy, but those on the inside maintain that the country remains politically and economically stable, and open for business.
It is a tough job to find an ocean of calm in the Middle East these days, but one country that could make such a claim is Jordan. The Arab Spring uprisings of 2011 have transformed the Middle East and north Africa, and although Jordan has experienced"......Continue Reading >
Services provided by the European Bank for Reconstruction and Development (EBRD) were the focus of a meeting held here on Monday, organized by the Jordan Europe Business Association (JEBA).
JEBA Chief Isa Haider Murad urged the Jordanian private sector and local businesses to benefit from the programs and grants provided by the bank to improve their competitiveness and thus push forward the economic development process.
The Central Bank of Jordan (CBJ) on Saturday warned the public against the use of virtual currencies, particularly bitcoin, saying they are not legal tender.
The CBJ said in a statement e-mailed to The Jordan Times that investing in virtual currencies carries high risks of devaluation as users could be hit by severe fluctuation and volatility of its value and risks of financial crimes, hacking and electronic piracy, along with the potential risk of the total loss of its value due to the absence of"...
Bankers, industrialists and officials voiced hope Monday that a US-supported project will help increase the facilities given to small- and medium-sized enterprises (SMEs), which contribute about 60 per cent to the Kingdom's economy.
They said the $250 million Jordan Loan Guarantee Facility (JLGF), which was established by USAID"...Continue Reading >
Deutsche Bank today releases its twelfth annual Alternative Investor Survey, which stands as one of the largest and longest standing hedge fund investor surveys available. This year over 400 investor entities participated, representing over $1.8 trillion in hedge fund assets and over two thirds of the entire market by assets under management (AuM).
Barry Bausano, Co-head"...Continue Reading >
What started out as a boy on a bicycle trying to make a living by selling goods from Hebron and Jericho to customers in Amman has grown into a business that is now over 60 years old.
To this day, employees at the Finance Ministry and the Central Bank of Jordan continue to frequent the shop that Mohammad Ghanem opened decades ago opposite the ministry building on Salt Street near the capital’s Abdali neighbourhood.
“At"......Continue Reading >
J.P. Morgan today announced changes to strengthen and reshape its leadership team across Germany, Austria and Switzerland.
Martin Wiesmann will become the Senior Country Officer (SCO) of Germany with responsibility for all operations across all lines of business in the country, effective immediately. With more than 20 years of experience in the banking industry, Wiesmann"...Continue Reading >
Minister of Planning and International Cooperation Ibrahim Saif will be taking part in the High Level Group Regional Forum in Jeddah to assess the past performance and future strategy of the Islamic Development Bank (IDB).
The ministry said in a press release issued on Monday that the forum will see the launch of a consultation process in which the bank partners will present their points of view on the performance of the bank over the"...
His Majesty King Abdullah II, on Monday, met with President of the World Bank, Jim Yong Kim, and discussed with him means of cementing cooperation between Jordan and the international body.
His Majesty voiced appreciation of the World Bank for its support to Jordan in the implementation of economic and various national development plans in various sectors.
The King outlined the overall reform process pursued by Jordan, especially"...