As Jordan’s economy has gradually opened up to the world, giant international companies have rushed in with products and services designed to cater to the demands of the Kingdom’s increasingly sophisticated and discerning consumers. But despite this ever stiffer competition…
The Central Bank of Jordan plans to set up a series of multi-million dinar development funds designed to stimulate the economy. “The Central Bank has worked on a number of finance initiatives through funds to help out startups, small businesses,”…
A Jordanian consortium has lodged a bid for Saudi Oger’s 20 percent stake in the Arab Bank after Saudi Arabia’s Fawaz Alhokair family withdrew its own $1.1 billion offer, Reuters reported citing banking sources. A deal with investors led by…
Jordan is intensifying efforts to provide support for startups and SMEs by easing access to financing. Despite some continued obstacles to obtaining conventional bank finance, rising public and private investment in tech companies is contributing to a growing optimistic outlook…
April marked the tenth anniversary of Venture. Over the past decade, we’ve strived to capture and convey the many events and issues that have combined to shape Jordan today. While Venture has been on the newsstands, we’ve witnessed our economy boom…
With no less than 25 competing groups, Jordan’s banking sector could benefit greatly from a little consolidation. By Jawad J. Abbassi A common measure for market concentration is the Herfindahl–Hirschman Index, or HHI. It’s defined as the sum of the…