As part of an ongoing economic reform programme aimed at boosting private sector investment, the Jordanian government is planning to reform the Amman Stock Exchange (ASE), with the long-term goal of partial privatisation through an initial public offering (IPO). Although prevailing economic conditions will likely prevent a near-term IPO, and a...
How will the new banking law currently being reviewed by Parliament impact the banking sector?
In addition to the one-stop shop, how is the JIC working with other entities to target foreign investors and streamline processes?
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...
What strategy is being developed to grow self-sufficiency and reduce reliance on foreign aid?
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