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BANKING

-London Stock Exchange Welcomes Finablr PLC to the Main Market-May 16, 2019

London Stock Exchange today welcomes Finablr PLC (“Finablr”), a global payments and foreign exchange company, to open London’s markets for trading and to celebrate the listing of the Company’s shares on the Premium Segment of the Main Market of London Stock Exchange.

Finablr is a global platform for Payments and Foreign Exchange solutions underpinned by modern proprietary technology. With deep regulatory know-how, a relentless"...

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Details of $1 billion World Bank loan to be discussed next weekMay 6, 2019

AMMAN — Jordan and the World Bank will start discussions next week over a $1-billion concessional loan to the Kingdom to support fiscal reform, the government said on Sunday.

“Next week, we will engage in talks with the World Bank to discuss details of the concessional loan,” Minister of Planning and International Cooperation Mary Kawar told The Jordan Times on Sunday.

The"...

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IBS first Jordanian training institution to receive ACCET accreditationMay 5, 2019

AMMAN ­— The Institute of Banking Studies (IBS), a Central Bank of Jordan (CBJ) foundation, last Monday was awarded a three-year accreditation certificate by the Accrediting Council for Continuing Education and Training (ACCET) in the United States of America.

This is the first time a Jordanian training institute has received the ACCET accreditation, according to an IBS statement.

At"...

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Arab banks' assets rise by 3.9 percent in 2018April 29, 2019

(Petra)--The total assets held by banks in the Arab world hit $3.46 trillion in 2018, an increase of 3.9 compared to 2017, according to the Union of Arab Banks (UAB).

A report by the UAB, a copy of which was obtained by Petra, said that assets of Arab banks account for 130 percent of Arab countries' Gross Domestic Product.

The UAE banking sector ranked first in terms of the volume of assets which stood at $784 billion at the end of 2018 followed by Saudi Arabia with $630 billion and Qatar with"...

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Housing Bank to distribute 15% of share nominal value in dividendApril 29, 2019

AMMAN — The Housing Bank for Trade and Finance (Housing Bank) will distribute cash dividend to shareholders at a rate of 15 per cent of the share nominal value, according to a statement by the bank.

The bank’s general assembly on Thursday approved a recommendation by the board of directors in this regard.

During the general assembly meeting, which was presided"...

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Arab Bank Group posts $232m net profit in Q1April 28, 2019

Jordan-based Arab Bank Group has registered a net profit of $231.8 million for the first three months, up 5.2 per cent compared to $220.3 million for the same period last year.

Announcing the results for the first quarter, Arab Bank said its net income before tax increased by 9.1 per cent to hit $312.8 million.

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Jordan’s Arab Bank Group posts 5.2% profit riseApril 28, 2019

Arab Bank Group, Jordan’s largest lender and the biggest publicly traded company on the Amman bourse, grew its profits by 5.2 per cent year-on-year in the first quarter of 2019, driven by growth in core banking income and lower provisions,.

Net profit for the first three months of the year rose to $231.8 million (Dh851.2m) from $220.3m in the first quarter of 2018, Arab Bank Group said in a statement to media on Saturday.

“The"...

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