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Jordan and the European Investment Bank (EIB) on Sunday signed two loan agreements worth $126 million to finance electricity and water projects. Also on Sunday, Prime Minister Abdullah Ensour met with EIB Vice President Dario Scannapieco and voiced Jordan's appreciation for the financial and technical assistance the bank provides to the Kingdom, the Jordan News Agency, Petra, reported. The assistance has enabled the government to finance some development projects in the infrastructure and water sectors, such as the Amman ring road project and the Disi Water Conveyance Project, Ensour noted. Scannapieco,...Continue Reading >
The government is serious about granting the private sector a leading role in running the development process, according to Planning and International Cooperation Minister Imad Fakhoury.
At a meeting with European Bank for Reconstruction and Development (EBRD) President Suma Chakrabarti on the sidelines of an EBRD conference in Skhirat, Morocco, late last week, Fakhoury"...Continue Reading >
Jordan and the European Investment Bank (EIB) will sign two loan agreements worth $126 million on Sunday, the Luxembourg-based bank said Thursday. EIB Vice President Dario Scannapieco and Planning and International Cooperation Minister Imad Fakhoury will sign the agreements, according to the Planning Ministry. Scannapieco, who is in charge of EIB’s activities in the southern Mediterranean countries, will pay his first official visit to Jordan on November 8-9, the bank said in a statement e-mailed to The Jordan Times. “The EIB’s finance will support Jordan’s efforts to improve...Continue Reading >
The Vice President of the European Investment Bank (EIB) Dario Scannapieco will make his first official visit to Jordan during November 8-9 to sign two loan agreements worth USD 126 million (JOD 89 million) with Jordan.
A statement by the EIB ,a copy of which was obtained by Petra, said the signing ceremony will be hosted by the Ministry of Planning and International Cooperation.
The EIB 's finance will support Jordan's"......
Minister of Planning and International Cooperation Imad Fakhoury said that Jordan is one of the leading countries in benefiting from loans and grants provided by the European Bank for Reconstruction and Development (EBRD).
The Kingdom's portfolio at the bank reached $480 million, where 99% of its projects were executed by the private sector, the minister said, affirming that the this is a clear indication that the government is keen to"...
Central Bank of Jordan (CBJ) announced Sunday that it will offer bonds for subscription to individuals after about 15 years of a halt in issuing such kind of bonds.
CBJ Governor Ziad Fariz said that the bank will reissue the development bonds for individuals within the next two months, after finishing the technical requirements, according to Jordan News Agency (Petra).
...Continue Reading >
Coldwell Banker UAE, a leading real estate brokerage firm in the UAE, has opened its fourth office in the UAE at Jumeirah Village Circle (JVC), Dubai, in a move towards expanding its business operations in the region.
Coldwell Banker UAE represents the UAE operations for the globally renowned US-based Coldwell Banker. As one of the leading real estate organizations in the"...Continue Reading >
Bank of America announced today the latest round of projects in its ongoing global Art Conservation Project, which will help to restore and preserve culturally significant works of art around the world. In 2015, funding will be provided for 13 projects in seven countries.
The full list of 2015 grant recipients includes:
Jordan's largest lender, Arab Bank Group , said its January-September net profit came to $615.1 million, barely changed from $614.2 million in the same period last year.
It said its loans book and customer deposits had continued to grow despite exchange-rate fluctuations.
Total loans rose 2 percent to $23.6 billion"... Continue Reading >
A World Bank report released on Thursday estimated that Jordan’s economic growth during the current fiscal year would slow, after four years of gradual recovery.
The bank predicts GDP growth to reach 2.5 per cent during the current year, which is less than the previous forecasts, reports Jordan-based Al Ghad newspaper.
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