Peru is a major metals and minerals exporter that saw steady growth for most of the 2000s and rapid expansion in 2007 and 2008 on the back of high demand for key exports such as copper. The country avoided negative growth in 2009 despite the worldwide economic slump and reduced commodity prices, and the economy returned to boom conditions in 2010,...
Investors on the Amman Stock Exchange (ASE) received a much-needed fillip recently when the government announced plans to step in to help some local companies that are facing financial difficulties.
Competition looks set to continue heating up in the Islamic finance sector, with the latest entrant to the market, Saudi giant Al Rajhi Bank, opening for business in late March. As new players work expand their reach, sharia-compliant financial services will become increasingly accessible for Jordanian customers, while meeting the Basel III capital adequacy and risk-management requirements will remain a top priority for the banks.
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