IFC, a member of the World Bank Group, is providing a debt financing package to Hikma Pharmaceuticals to help ensure smooth deliveries of medicines across the Middle East and North Africa amid the COVID-19 pandemic. The $200 million package is…
Here for good: Standard Chartered’s commitment to Jordan’s finance sector CEO Jordan and Country Head of Corporate Banking, Muhannad Mukahall, envisions a steady future for Standard Chartered Jordan Bank and highlights the benefits of finance technologies. With over 20 years…
Euromoney Conferences has announced its sixth annual conference in Jordan to be held on Tuesday 2 July under the theme: Stability, Innovation and Transformation – Jordan’s Economic Challenge. Euromoney will be partnering with the Central Bank of Jordan as the…
Around 75 percent of Jordanians above the age of 15 still don’t have bank accounts, according to a new report from the Jordan Strategy Forum (JSF). The report from the economic think tank, which examined the state of financial inclusion…
A newly launched roadmap for the development of Jordan’s ICT sector aims to attract capital inflows on the back of recent government moves to reduce the tax burden on companies operating in the industry. At last year’s MENA ICT Forum…
Rather than asking for more aid to keep a lid on the government’s self-inflicted budget deficit, we should be encouraging foreign governments to invest in economically viable infrastructure projects. Jordan has always been a well-deserved recipient of foreign aid. Having…
Jordan has launched a new over-the-counter (OTC) exchange as part of a series of initiatives to boost the competitiveness of the Kingdom’s capital markets. Jordan’s new OTC exchange is a by-product of two sets of regulations enacted earlier this year—the…
Almost a third of Jordanian firms cited limited access to finance as the top obstacle to their operations, a recent report said. report, produced by the European Bank for Reconstruction and Development, the European Investment Bank, and the World Bank…
Knowing how much cash reserves your company needs to maintain is tricky, but balance is key according to Mohammad al-Karaki, partner at Ernst and Young Jordan. By Rebecca Irvine Cash reserves are a company resource like any other, and should…
Rather than viewing growing interest in Fintech as a threat, many traditional high-street banks are trying to embrace the digital future. Abdel Kareem Friehat, the head of operations and IT at Jordan Kuwait Bank, said his bank is investing heavily…