With inflationary pressures stabilising, and further cuts in key interest rates in January 2014, what are your GDP forecasts for 2014?
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Interviews & Viewpoints | OBG talks to Ziad Fariz, Governor, Central Bank of Jordan (CBJ) from The Report: Jordan 2014
Articles & Analysis | In a turbulent region, the local banking sector has become a safe haven from The Report: Jordan 2014
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...
Interviews & Viewpoints | OBG talks to Nemeh Sabbagh, CEO, Arab Bank from The Report: Jordan 2014
Would you say that the central bank’s recent cutting of key rates was more to expand the money supply or to lower the state’s borrowing costs?
Articles & Analysis | The development of the country’s sharia-compliant banking sector from The Report: Jordan 2014
Three of Jordan’s domestic banks operate on an exclusively Islamic basis, forming a vibrant sharia-compliant segment within a sector that is among the most well-established in the region. The Islamic finance industry in Jordan has come a long way in its 36-year history.
Jordan’s banking sector, with its diverse array of financial institutions, continued to perform robustly over the past year. In the first half of 2013 non-performing loans dropped to their lowest level since 2009 while the Islamic financial services segment has continued to grow, increasingly seeking out business from small and medium-sized enterprises as well as from the retail sector. In May...
In 2014 Jordan’s population reached 6.64m, as regional turbulence saw an influx of refugees from neighbouring countries. Jordan, however, remains stable as it pushes ahead with the political reforms announced in 2011. The economy continues to revive following the global economic downturn, while government commitments to tackle structural issues in the economy bode well for future growth.