BANKING

Jordan investors set to buy Arab Bank stake after Saudi bid fadesDecember 5, 2016

A Jordanian consortium has bid for Saudi Oger's 20 percent stake in Arab Bank Group after the family of Saudi Arabia's Fawaz Alhokair dropped its own $1.1 billion offer, banking sources told Reuters on Monday.

A deal with investors led by Arab Bank Group's chairman Sabih al Masri, a leading Jordanian businessmen with extensive holdings in banking and hotels, could"...

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Central bank to launch service for mobile paymentsDecember 5, 2016

The Central Bank of Jordan (CBJ) on Monday announced it is going to launch a service for mobile payments in accordance with international practices, the Jordan News Agency, Petra, reported.

The service enables citizens to make payments amongst themselves and with business sectors, in addition to making withdrawals through opening online wallets at financial institutions licensed by the CBJ for that purpose or through using accounts at banks connected"...

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Amman Stock Exchange: Academic Day At Yarmouk UniversityDecember 5, 2016

Amman Stock Exchange (ASE) in cooperation with the Department of Finance and Banking / Faculty of Economics and Administrative Sciences held a lecture at the University in the presence of the Dean of Faculty Dr. Mohammad Taamneh, and the Head of the Department of Finance and Banking Dr. Dima Al-Rabadi, and a number of faculty members, and university students.

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Jordan's Central bank announces national strategy for financial inclusionNovember 24, 2016

Central Bank of Jordan (CBJ) Governor Ziad Fariz on Tuesday announced the Kingdom's 2018-2020 national strategy for financial inclusion.

The strategy entails financial awareness efforts, protection of financial service recipients, supporting small- and medium-sized projects, micro-finance services and online payments, the Jordan News Agency, Petra, reported.

Speaking at"...

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Central bank announces national strategy for financial inclusionNovember 22, 2016

Central Bank of Jordan (CBJ) Governor Ziad Fariz on Tuesday announced the Kingdom's 2018-2020 national strategy for financial inclusion.

The strategy entails financial awareness efforts, protection of financial service recipients, supporting small- and medium-sized projects, micro-finance services and online payments, the Jordan News Agency, Petra, reported.

...

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Central Bank's policy helped Jordan avert economic risks- GovernorNovember 22, 2016

Central Bank of Jordan (CBJ) Governor Ziad Fariz on Sunday said Jordan has been able to avoid many economic risks, thanks to the CBJ's monetary policy. Fariz made the remark during a meeting with a delegation from the Amman Group for Future Dialogues, the Jordan News Agency, Petra, reported.

Highlighting the financial tools that the CBJ uses to serve its client base, he cited the CBJ’s bill payment and other banking services. The CBJ policy led to further saving by the Jordanian currency compared to those by foreign"...

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Jordan survives economic difficulties: central bankNovember 20, 2016

Jordan's Central Bank Governor Ziad Fariz said Sunday that the country has survived economic difficulties, state-run Petra news agency reported.

He said fiscal and monetary policies have helped the kingdom sustain economic growth and attract investments, adding that Jordan's banking system is transparent and efficient.

According to the governor, the foreign exchange reserves"...

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Jordan Ahli Bank live with Temenos T24 core banking systemNovember 16, 2016

Jordan Ahli Bank is live with new core banking software, Temenos’ T24. The go-live is a result of a four-year effort, Banking Technology understands.

The bank opted for Temenos’ Arrangement Architecture (AA) with Temenos Application Framework Java (TAFJ). The new platform ousted a host of legacy systems, including the Bank2000 core, China Systems’ Eximbills (trade finance) and Sungard/FIS’s Ambit Treasury Management. It also"...

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Agilysys Accelerates Global Growth with New U.K. Office to Serve EMEA RegionNovember 15, 2016

Agilysys, Inc. (Nasdaq: AGYS), a leading global provider of next-generation hospitality software solutions and services, today announced that due to continued growth across its global markets, the company has opened a U.K. office to serve the Europe, Middle East and Africa (EMEA) region. James Slatter has been named managing director of the new office, which is located at 59-60 Thames Street in Windsor. Slatter will report to Agilysys Senior Vice President of Global Revenue, Jim Walker.


“We"......

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SSIF acquires Islamic Development Bank entire shares at APCNovember 8, 2016

Through a purchase deal worth JD74 million, the Social Security Investment Fund (SSIF) increased its ownership of the Arab Potash Company (APC) by agreeing to acquire all of the Islamic Development Bank’s (Jeddah) shares at the company.

Through the deal, which was signed on Tuesday, SSIF will be raising its ownership in APC to 10.37 percent, equivalent to 8,643,000 shares. The deal will be executed at a share price of JD 17.35 per"...

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