With bond issues equivalent to around one-third of the total market capitalisation of the Amman Stock Exchange (ASE), the fixed-income market in Jordan clearly has some weight. Yet with few of these bonds ever traded, many market watchers wonder how this potential could be more fully realised. Opening the mar-ket outwards could be one way, bringing...
Faced with a number of external shocks in recent years, Jordan’s economy has shown a remarkable resilience in dealing with successive challenges. The Hashemite Kingdom has continued to grow in a recession-hit and risk-averse climate, and the government is demonstrat-ing a determination to tackle longstanding structural reforms. The...
reverses in 2009 and 2010. These, in turn, had followed major gains in the years leading up to the global down-turn, with the net figure standing at just over JD300m ($422m) in 2008. “As a small market, we really bene-fitted from foreign investment funds targeting phos-phates, potash and others,” said Tarek Yaghmour, the vice-president and head of research at Capital Invest-...
Located in the heart of the Middle East and with access to the Red Sea, Jordan is well positioned to serve as a regional logistics centre – a role the country’s leaders are working to expand. In the 1990s the trans-port sector, along with communications, accounted for 0.47% of total real economic growth, according to International Monetary Fund (IMF...
Home to three local Islamic banks and one foreign insti-tution, Jordan has seen strong growth in Islamic bank-ing in recent times. While the sharia-compliant segment remains small compared to that of some other Islam-ic states, interest is building in its development, with legislative reforms helping to broaden and deepen the country’s Islamic...
A US offer to back Jordanian bond issues may help low-er the kingdom’s borrowing costs as well as boost con-fidence in the country’s securities, which has been dented by regional instability that has slowed econom-ic growth. On March 22, 2013, during a visit to Amman, US President Barack Obama said his administration would work with Congress to...
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