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Central bank of Amman signs agreement with Islamic International Arab Bank

AMMAN: The Islamic International Arab Bank (IIAB) and the Central Bank of Jordan (CBJ) on Saturday signed an agreement of restricted investment mandate to finance industrial, tourist, agricultural and renewable energy projects with soft loans. Deputy CBJ Governor Maher Sheikh Hassan said the medium-term loan programme from CBJ is now available for Islamic banks working in Jordan. He added that ... Read More »

Central bank signs deal with Islamic International Arab Bank

AMMAN: The Islamic International Arab Bank (IIAB) and the Central Bank of Jordan (CBJ) on Saturday signed an agreement of restricted investment mandate to finance industrial, tourist, agricultural and renewable energy projects with soft loans. Deputy CBJ Governor Maher Sheikh Hassan said the medium-term loan programme from CBJ is now available for Islamic banks working in Jordan. He added that ... Read More »

Greece Central Bank Warns Against Default

ATHENS: The Greece central bank has warned that failure to reach a bailout deal with its international creditors will result in recession, decline in income levels, and possibly even a withdrawal from the eurozone. The central bank issued its statement Wednesday, a day before eurozone finance ministers meet to discuss how to get more emergency funds to Greece by June ... Read More »

Jordan’s Central Bank’s liquidity position reaches JD4.4b

AMMAN: The Central Bank of Jordan (CBJ) announced Monday that the obligatory reserved volumes held at CBJ amounted to JD1.5billion with JD2.8billion as excess liquidity capital including the overnight window deposits. The CBJ said that the certificate of deposits issue number (17/2015) reached JD1 billion and will be matured tomorrow. It added that the value of overnight repurchase agreements (REPO) ... Read More »

Jordanian Central bank’s liquidity position reaches JD4.4b

AMMAN: The Central Bank of Jordan (CBJ) announced Monday that the obligatory reserved volumes held at CBJ amounted to JD1.5billion with JD2.8billion as excess liquidity capital including the overnight window deposits. The CBJ said that the certificate of deposits issue number (17/2015) reached JD1 billion and will be matured tomorrow. It added that the value of overnight repurchase agreements (REPO) ... Read More »

Jordan’s central bank governor sees 3.8% growth

AMMAN: Jordan’s economy to grow about 3.8 per cent and will meet its IMF-approved target this year. “The economy is resilient and our imports of energy have dropped substantially by about 30 per cent”, the Central Bank Governor Zaid Fariz said on the sidelines of a World Economic Forum meeting in the Dead Sea. Growth has accelerated from 2.3 per ... Read More »

Jordan’s central bank governor sees 3.8% growth

AMMAN: Jordan’s economy to grow about 3.8 per cent and will meet its IMF-approved target this year. “The economy is resilient and our imports of energy have dropped substantially by about 30 per cent”, the Central Bank Governor Zaid Fariz said on the sidelines of a World Economic Forum meeting in the Dead Sea. Growth has accelerated from 2.3 per ... Read More »

Jordan’s central bank governor sees 3.8% growth

AMMAN: Jordan’s economy to grow about 3.8 per cent and will meet its IMF-approved target this year. “The economy is resilient and our imports of energy have dropped substantially by about 30 per cent”, the Central Bank Governor Zaid Fariz said on the sidelines of a World Economic Forum meeting in the Dead Sea. Growth has accelerated from 2.3 per ... Read More »

Jordan’s central bank’s liquidity position reaches JD4.3b

AMMAN: The Central Bank of Jordan (CBJ) announced Sunday that the obligatory reserved volumes held at CBJ amounted to JD1.5billion with JD2.8billion as excess liquidity capital including the overnight window deposits. The CBJ said on its website that the outstanding balance of one week certificate of deposits reached JD1 billion and will be matured on 05/05/2015. It added that the ... Read More »

Jordan’s central bank’s liquidity position reaches JD4.3billion

AMMAN: The Central Bank of Jordan (CBJ) announced Sunday that the obligatory reserved volumes held at CBJ amounted to JD1.5billion with JD2.8billion as excess liquidity capital including the overnight window deposits. The CBJ said on its website that the outstanding balance of one week certificate of deposits reached JD1 billion and will be matured on 05/05/2015. It added that the ... Read More »

Spanish central government deficit remains constant in January- February 2015

MADRID: The national government of Spain has published data showing that public spending cutbacks continued to be effective in the first two months of 2015, with the deficit recorded by central and regional governments and Regional government overspending decreases across Spain Social Security falling by 4% in comparison to the same period last year. These data do not include the ... Read More »

Hungary’s Central bank extends growth scheme to December 2016

BUDAPEST: Hungary’s central bank (MNB) has said it will push back the deadline for companies and small and medium-sized firms accessing credit under its funding for growth schemes to December 31, 2016. The deadline was extended to allow for the implementation of financing longer investment projects, the central bank said. The bank also said it will allow lenders who use ... Read More »

Hungary’s central bank to cut 1.95% bases rate next week

BUDAPEST: The National Bank of Hungary’s (MNB) rate-setting Monetary Council to cut the current 1.95% base rate at a policy meeting on Tuesday. One analyst projected a 10 basis point cut. “We currently look for back-to-back 15 basis-point rate cuts through May,” Bank of America Merrill Lynch analysts said in a note, adding that in the rest of the year ... Read More »

Chikungunya virus shows similar symptoms to rheumatoid arthritis

LONDON: A new study has exposed the importance of accurate diagnosis in case of people affected with Chikungunya virus and rheumatoid arthritis, as in both the cases similar symptoms and tests results are obtained. Thus, identifying the travel and medical histories of the patients is important for making proper diagnosis. Chikungunya, diagnosed commonly in India, Caribbean, Central and South America ... Read More »

China looks to widen investment up to $3b in Central, Eastern Europe

BELGRADE:  China’s government official said, it would create a new investment fund of $3 billion (2.4 billion euros) targeting central and Eastern Europe, seeking to strengthen its foothold in the region as a door to the wider European Union. China sees central and eastern Europe as a potentially lucrative market and bridgehead to the wider EU, drawn by relatively low ... Read More »

Customs central region reshuffles officials

LAHORE: Customs Central Region has undertaken intra-region transfers and postings of superintendents, appraisers and inspectors. Principal Appraiser Javaid Jaffar has been transferred from Model Customs Collectorate of Preventive Lahore to Directorate of Input Output Co-Efficient Organisation (IOCO) Lahore with immediate effect. Appraiser Naveed Iqbal Cheema has been transferred from MCC Appraisement Lahore to Directorate of IOCO Lahore. The central region ... Read More »