A combination of factors has led to a rise in bond issuance from GCC members in 2016. Over the year, bonds and sukuk (Islamic bonds) issued in the GCC hit $66.5bn, more than doubling the $27.6bn total recorded in 2015, and rivalled only by the $60.9bn issued during 2009. A $17.5bn historic bond sale from Saudi Arabia accounted...
Located in the south-eastern quarter of the Arabian Peninsula, Oman is the only member of the GCC situated outside of the Gulf. Leveraging its strategic location, Oman has invested in infrastructure with the goal of becoming a global logistics centre. While the country is less hydrocarbons-rich than its GCC neighbours, diversification efforts...
CROWNE PLAZA AMMAN 6th Circle, King Faisal bin Abdul Aziz Street PO Box 950555 Amman 11195 T: (+962) 6551 0001 F: (+962) 6551 0003 www.crowneplaza.com info.cpamman@ihg.com Rooms: 279 rooms and suites. Business & Conference Facilities: Eight banquet rooms, including a grand ballroom and royal tent, accommodating up to 1000 guests and...
NATIONAL CHARACTER: The people of Jordan are renowned for their hospitality. Most people go out of their way to assist visitors, and making friends with local Jordanians is relatively easy.
Despite facing a set of extraordinary external and internal challenges over the past several years, the Jordanian economy remained resilient in 2015. Although GDP growth fell to a six-year low as the kingdom grappled with a rising refugee population and regional volatility, the banking and industrial sectors continued to record a positive...
In 2016 the Central Bank of Jordan (CBJ) issued two rounds of sharia-compliant sovereign bonds for the first time in the country’s history. The first offering, released in May 2016, used a murabaha ( cost-plus financing) structure and was valued at JD75m ($105.5m). The sale successfully attracted JD205m ($288.3m) in bids from investors...
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