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Jordan to Join Reconstruction Efforts of War-Torn Countries: World Bank May 22, 2017

Jordan is joining reconstruction efforts in war-ravaged countries in the region, a World Bank official said, while urging the Kingdom's private sector to build alliances with counterparts in the Arab world.

Abdullah Dardari, senior advisor on reconstruction in the Middle East and North Africa (MENA) division of the World Bank,"...

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Jordan to participate in reconstruction of regional countries, World Bank May 21, 2017

A World Bank official said Saturday that Jordan is partnering to join reconstruction in war-ravaged countries in the region, and urged the Jordanian private sector to build alliances with counterparts in the Arab states.

Abdullah Dardari, senior advisor on reconstruction in the Middle East and North Africa (MENA) division of the World Bank, said countries in need of reconstruction needed huge amounts of funds, adding that the World Bank offers counsel and financial support to forge reconstruction strategies with"...

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SoftBank Vision Fund Announces First Major CloseMay 20, 2017

(ME NewsWire)-- The SoftBank Vision Fund (the “Fund”) today announced its first major close with over U.S.$93 billion of committed capital. In addition to SoftBank Group Corp (“SBG”) and the Public Investment Fund of the Kingdom of Saudi Arabia (“PIF”) as previously announced, investors in the Fund also include the Mubadala Investment Company of the United Arab Emirates (“Mubadala”), Apple Inc. (“Apple”), Foxconn Technology"...

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EBRD gives $10mln credit to Jordan Ahli Bank for loans to SMEs May 17, 2017

The European Bank for Reconstruction and Development (EBRD) on Monday announced a $ 10 million credit line to Jordan Ahli Bank for “on-lending” to micro, small-and medium-sized enterprises (SMEs), according to an EBRD statement. The EBRD’s funding will increase available finance to Jordanian small enterprises, which are currently under-served by the local banking sector, the statement continued, adding that the bank will also extend $1million for technical assistance to reinforce Jordan Ahli Bank’s efforts to enhance SME lending, specifically for women, and facilitate the transfer of international best practice, knowledge and skills. “The SMEs sector is a priority for the EBRD, as it is the backbone of the economy and generates employment opportunities for all segments of the population,” Heike Harmgart, EBRD head of office in Jordan, was quoted in the......

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Jordan chosen to head EBRD Board of Governors May 14, 2017

The European Bank for Reconstruction and Development (EBRD) Board of Governors has chosen Jordan as its chair for 2017-2018, and South Korea and Serbia as vice chair.

The selection of Jordan was made during the Board of Governors' 26th annual meeting, which was held in Cyprus on Wednesday and Thursday with the participation of Jordan’s governor to the EBRD, Minister of Planning and International Cooperation Imad Fakhoury.

Fakhoury said in a statement on Saturday that members of the board"...

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TSYS Signs Payments Agreement with QIIB May 13, 2017

(ME NewsWire)-- TSYS (NYSE: TSS) announced today that it has signed an agreement with Qatar International Islamic Bank (QIIB) to license PRIME 4, the latest version of TSYS’ future-focused PRIME payment solutions platform.

QIIB is an award-winning Islamic bank that will leverage PRIME as a consolidation platform to manage all of its card issuing and multi-channel acquiring. By migrating to PRIME,"...

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EBRD announces JD3.2m loan to support Jordan’s infrastructure May 11, 2017

The European Bank for Reconstruction and Development (EBRD) announced a JD 3.2m loan to the Greater Amman Municipality (GAM) to finance the construction of the fifth cell at the Al Ghabawi landfill.

The loan is part of the uncommitted second tranche of a 50 million Euro loan to GAM approved in 2016 to finance improvements in solid waste management and infrastructure.

The"...

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Iraq sends reinforcements to borders with Syria, Jordan May 8, 2017

Rutba (IraqiNews.com) Iraq has sent military reinforcements to a highway linking its soil with Syria and Jordan, an army officer was quoted saying Sunday as the border regions witness an escalation of assaults by Islamic State militants.

Jordan’s news agency Petra quoted Col. Ahmed al-Dulaimi, from the Iraqi army, saying that military and paramilitary reinforcements were sent to the international road extending from the city of Rutba, Anbar,"...

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Singapore FM meets Jordan King, reaffirms bilateral ties May 8, 2017

Foreign Affairs Minister Vivian Balakrishnan met King Abdullah II Al Hussein of Jordan on Saturday (May 6), reaffirming warm ties between the two countries.

Meeting on the first day of a working visit to the kingdom, the two exchanged views on developments in the Middle East and Southeast Asia, including ways to counter radicalisation and violent extremism, said a press release by the Singapore Ministry of Foreign Affairs on Sunday.

The"...

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Jordan’s revenues from tourism up 14 percent: Central Bank of Jordan April 24, 2017

Remittances of Jordanian expatriates rose by 3.3 per cent in the first quarter of 2017 standing at $856 million, compared to $607 million in the same period of 2016, according Deputy Governor of the Central Bank of Jordan (CBJ) Adel Al-Sharkas.

Earlier, the CBJ announced that the Kingdom's tourism revenues rose by 14.1 percent reaching $988 million, compared to $866 million in the same period of last year.

Total income from tourism"...

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