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Tag Archives: Jordan’s

Jordan’s real estate trading falls 11% in H1-2015

AMMAN: Real estate trading during the first six months of 2015 amounted to JD3.42 billion, 11 per cent lower than the JD3.84 billion recorded during the same period of 2014. In June alone, real estate trading dropped by 18 per cent to JD595 million from JD727 million in June 2014, according to report issued by the Department of Lands and ... Read More »

Jordan’s ITFC signs $3 billion funding agreement

AMMAN: Jordan’s state news agency Petra reports that the Government has given the go-ahead for the signing of a $3-billion soft loan framework agreement with Islamic Development Bank subsidiary the International Islamic Trade Finance Corporation (ITFC) that will assist in the financing of imported basic goods and commodities. The decision to sign the agreement was taken during a cabinet meeting ... Read More »

Jordan’s expatriate remittances increase in H1-2015

AMMAN: Remittances of Jordanian expatriates rose by $27 million or 1.5 per cent during the first half of this year compared with the same period of 2014, the Central Bank of Jordan ( CBJ ) announced Tuesday. According to CBJ figures, the transfers during the January-June period reached $1.877 billion compared with $1.850 billion. “Usually remittances by expatriates surge in ... Read More »

Jordan’s real estate trading falls 11% in H1-2015

AMMAN: Real estate trading during the first six months of 2015 amounted to JD3.42 billion, 11 per cent lower than the JD3.84 billion recorded during the same period of 2014. In June alone, real estate trading dropped by 18 per cent to JD595 million from JD727 million in June 2014, according to report issued by the Department of Lands and ... Read More »

Jordan’s expatriate remittances increase in H1-2015

AMMAN: Remittances of Jordanian expatriates rose by $27 million or 1.5 per cent during the first half of this year compared with the same period of 2014, the Central Bank of Jordan ( CBJ ) announced Tuesday. According to CBJ figures, the transfers during the January-June period reached $1.877 billion compared with $1.850 billion. “Usually remittances by expatriates surge in ... Read More »

Jordan’s NEPCO issues mid-term LNG tender: analysis

AMMAN: Jordan’s state-owned National Electric Power Co (NEPCO) has issued a request for proposal (RfP) to be supplied with 59,130,000/MMBtu annually over a period of four years, starting 2016, according to a document it released on 23 July. This equates to around 20 cargoes every year, depending on the calorific value of gas and the size of vessel used for ... Read More »

Jordan’s Trade deficit narrow by 15.7% during First 4 Months Of 2015: Cairo Amman Bank

AMMAN: The Department of Statistics released figures showing that Jordan’s trade deficit narrowed by JD 526 million or 15.7% during the first third of 2015 compared to the same period in 2014. The trade balance stood at JD -2,835 million in the first third of 2015, compared to JD -3,361 million over the same period in 2014. All exports, imports, ... Read More »

Jordan’s total exports during the first 4 months of 2015 amounts to JD1.7b

AMMAN: Total exports during the first four months of 2015 amounted to JD1.7 billion, 12.1 per cent less than the figure during the same period of 2014, according to the Department of Statistics (DoS). Data showed a 13.7 per cent drop in domestic exports to JD1.5 billion, and a 2.2 per cent decline in re-exported items to JD262.3 million, compared ... Read More »

Jordan’s Aqaba Container Terminal works 90% of its operational capacity

AMMAN: The Aqaba Container Terminal (ACT) is working at 90 per cent of its capacity, with an average of 800 containers entering the Kingdom daily, according to the Aqaba Special Economic Zone Authority (ASEZA). Customs and inspection procedures on containers last for five days on average, ASEZA Deputy Chief Commissioner Yusuf Mansur said, refuting “rumours” that containers stay at the ... Read More »

Jordan’s Trade deficit narrow by 15.7% during First 4 Months Of 2015: Cairo Amman Bank

AMMAN: The Department of Statistics released figures showing that Jordan’s trade deficit narrowed by JD 526 million or 15.7% during the first third of 2015 compared to the same period in 2014. The trade balance stood at JD -2,835 million in the first third of 2015, compared to JD -3,361 million over the same period in 2014. All exports, imports, ... Read More »

Jordan housing bank’s net profit reaches JAD31.4m in Q1 of 2015

AMMAN: Jordan’s Housing Bank for Trade and Finance reported first-quarter net profit of 31.4 million Jordanian dinars ($44.3m), barely changed from the 31.3m dinars it earned in the same period a year earlier. Its assets stood at 7.7 billion dinars ($10.8bn) at the end of March, up two per cent from the end of last year, the bank said. Loans ... Read More »

Jordan’s housing bank signs a loan agreement worth of $120 million with JEFC

AMMAN: Jordan’s Housing Bank for Trade and Finance signed a $120 million loan deal with the Jordanian-Egyptian Fajr Company (JEFC) for natural gas to support its energy imports. According to the bank, the loan involves other banks seeking to cover the company’s needs of natural gas along with other financial requirements. The loan is to be extended within next couple ... Read More »

Jordan’s Diary Co generates JD0.4m in Q1 of 2015

AMMAN: According to an interim summary of the consolidated income statement as of March 31, 2015, Jordan Dairy generated JD0.4 million pretax profit, double the JD0.2 million recorded at the end of March 2014. At the end of 2014, net profit was JD1.3 million, rising from JD1.1 million in 2013, JD0.7 million in 2012 and JD0.3 million in 2011. The ... Read More »

Jordan’s Diary Co generates JD0.4m in Q1 of 2015

AMMAN: According to an interim summary of the consolidated income statement as of March 31, 2015, Jordan Dairy generated JD0.4 million pretax profit, double the JD0.2 million recorded at the end of March 2014. At the end of 2014, net profit was JD1.3 million, rising from JD1.1 million in 2013, JD0.7 million in 2012 and JD0.3 million in 2011. The ... Read More »

Jordan’s Housing Bank signs $120m loan facility agreement

AMMAN:  The Housing Bank for Trade and Finance (HBTF) along with a number of Jordanian banks and financial institutions on Wednesday, signed a $120 million syndicated term loan facility agreement to “Jordanian Egyptian Fajr for Natural Gas Transmission & Supply Co. Ltd” in order to fulfill its various financing needs. According to a HBTF statement, the syndication was oversubscribed by ... Read More »

Jordan’s businesspeople ask Kuwait to improve flow of goods

AMMAN:  Representatives of Jordan’s industrial and commercial sectors on Tuesday urged Kuwaiti authorities to remove administrative and technical obstacles hindering the flow of Jordanian goods to Kuwait and bring new investments to the Kingdom. At a meeting with an official Kuwaiti delegation, the representatives also asked that Kuwait import more Jordanian food products and medicine, encourage tourism, and facilitate transporting ... 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 »

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 celebrates 10th Anniversary of GMPT-E Turin

AMMAN: GM President Dan Amman was on-hand at GM Powertrain Europe Turin on Tuesday to celebrate the 10th anniversary of the start of production. Amman announced plans to continue the bond between Turin and the Politecnico di Torino, which will result in the continued expansion of the engineering development center. A letter of intent ensures the escalation of Politecnico and ... 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 »