International relations are pivotal to Jordan’s economic wellbeing. Equally, the international community is aware of the importance of supporting the country within a potentially volatile regional climate. While annual grants help Jordan balance the books, technical assistance programmes and trade agreements are helping to increase economic...
The perennial issue of lending to small and medium-sized enterprises (SMEs) in Jordan is being addressed by a new fund providing long-term financing and institutional support for up to 15 companies with high growth potential, particularly in the technology sector. The nascent private equity industry and conservative banking sector will be all eyes...
THE COMPANY: Bank Al Etihad was established in 1978 and is currently the seventh-largest bank in Jordan in terms of assets. In the year 2011, the bank made the headlines with a major rebranding campaign that relaunched the company’s corporate image and changed its name from Union Bank to Bank Al Etihad....
How can you balance social welfare provision with long-term efforts to reduce budget deficits and the size of the public sector?
Having emerged from the global financial crisis in good health, Jordan’s banking sector provided much-needed economic stability through 2011. As the government looked to finance a weak fiscal position, local banks had ample liquidity to provide credit and to maintain levels of lending to the private sector. The sector currently faces challenges in...
The growth of Islamic banking in Jordan is bringing several economic benefits for both customers and the country. A greater variety of sharia-compliant products and services, as well as increased geographical penetration throughout the kingdom, has helped mobilise large amounts of savings that otherwise would not interact with the banking system....
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