For the Egyptian economy, good news has been tough to come by in recent years. Three years after the January 25 revolution, the continued fallout from broader socio-political instability has brought wave after wave of grim developments, whether it be worker strikes, rising deficits or shrinking reserves.
So it came as something of a relief when, speaking on the sidelines of a...
Jordan’s insurance industry is at something of a crossroads. Having shown its ability to grow in a trying economic environment, the sector’s future expansion is challenged by increasing competition and a significant change in the regulatory framework by which it is governed. The optimism which currently surrounds the industry is derived from the growth prospects of the...
Arab Bank was founded in 1930 in Jerusalem and was the first private banking institution in the Arab world. In 1948 the bank moved its headquarters to Amman after the start of the Arab-Israeli conflict, where it was officially incorporated as a public shareholding company. In 1978 the bank was the first company to be listed on the Amman Stock Exchange (ASE). With a sound...
Established in 1960 in Jordan, the Bank of Jordan (BOJX) has evolved into a key player in the Jordanian banking sector. The bank is a medium-sized institution with 67 branches in Jordan, 14 in Palestine, and a subsidiary in Syria.
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...
Daily trading volumes at present fluctuate between $10m and $15m; what will it take for these to increase once more to pre-crisis levels?
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