Cairo Amman Bank was established in 1960 when Egypt’s Banque du Caire converted its branch in Amman to a public shareholding company. The bank operates in Jordan and Palestine with Jordan being its primary market. In 2013 about 82% of Cairo Amman Bank’s pre-tax income originated from its operations in Jordan. The bank is also one of Jordan’s most well-known mid-sized...
The Amman Stock Exchange (ASE) entered 2014 with renewed momentum on the back of the higher trading values and volumes of the previous year. With the ASE Index more buoyant than at any time since 2011, there is a sense that interest in the exchange as a source of capital and destination for investment is returning. However, with intense competition from regional...
The argument for Jordan as an investment destination is certainly a compelling one. The nation occupies a strategic position near the convergence of Europe, Asia and Africa, and, despite its politically turbulent neighbours, it is a relatively stable monarchy supported by a democratically elected parliament. The government has established an open economy, adopted a...
Al Eqbal Investment Company, formerly known as the International Tobacco and Cigarettes Company (ITCC), was established in 1992 as a public shareholding company focusing on the production and distribution of tobacco products. In 1998 ITCC signed an agreement with Phillip Morris International to locally produce and market L&M cigarettes and...
When it comes to managing banking sector crises, the Central Bank of Jordan (CBJ) has a solid track record of success. Over recent decades, it has been presented with a wide assortment of financial sector dilemmas, which have compelled it to respond with various and sometimes vigorous interventions.
Over the past year, Jordan’s local banking sector has shown a robust performance, with aggregate lending on the rise and net profits generally maintained across the board. Improvements in asset quality indicators suggest that the industry has turned a corner regarding the troublesome loans that have persisted since the global financial crisis, and a relatively upbeat...
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