FINCA Partners with STS for a complete digital overhaul
To kick off their digital transformation journey
Press Release - 02-Nov-2021
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FINCA partners with STS for a complete digital overhaul
To kick off their digital transformation journey
Press Release - 02-Nov-2021 -
ISSF invests USD 150,000 in NEXT renewable energy company
NEXT extends solar-dependent designs, fuel-saving solutions, desalination systems and heavy fuel oil (HFO) tank heating for both commercial and industrial clients across the hotel, hospital, textile and food industries
Press Release - 01-Nov-2021 -
Jordan's tourism revenues up almost 40% in Q3 2021 — CBJ
Tourism has continued to improve for the sixth consecutive month
The Jordan Times - 24-Oct-2021 -
Innovative Startups and SMEs Fund grants fund to iPARK at Aqaba Entrepreneurship Program
iPARK@Aqaba Entrepreneurship Program is expected to support 98 ideas and startups
Press Release - 18-Oct-2021 -
Jordan tourism revenue increased by 14.3% in first eight months of 2021
Tourism sector continued to recover thanks to the improved epidemiological situation
The Jordan Times - 29-Sep-2021 -
Jordanian expatriates’ remittances see increase — CBJ
Remittances increased in August 2021 alone by 3.5%
The Jordan Times - 29-Sep-2021 -
Cabinet approves amendments to investors' Jordanian citizenship requirments
500 investors to receive Jordanian citizenship annually
The Jordan Times - 13-Sep-2021 -
Jordan’s oil bill increases 3.1% — CBJ
Crude oil topped the list of oil imports of the Kingdom
The Jordan Times - 02-Sep-2021 -
Private sector accounts for 93.3% of total bank deposits - Central Bank of Jordan
The total deposits in the January-July period of 2021 increased by 3.1%
The Jordan Times - 01-Sep-2021 -
Innovative startups and SMEs fund invests $1mln in access bridge ventures
ABV- led by Issa Aghabi and Rakan AlRashed, who bring 25 years of experience investing in and exiting tech companies across the MENA
Press Release - 25-Aug-2021 -
Tourism revenues drop by 20.7% in first 7 months of 2021 — CBJ
Tourism revenues in July 2021 increased by $268mln to $292.4mln compared with July 2020
The Jordan Times - 24-Aug-2021 -
Tourism revenue in Jordan witnessed drop of 44.8% in first-half of 2021
Jordanians’ expenditure on travel during the January to June period of 2021 also dropped by 4%
The Jordan Times - 19-Aug-2021 -
Remittances of Jordanian expats rose 0.2% in first half 2021
Remittances in June alone went up by 2%
The Jordan Times - 19-Aug-2021 -
Innovative Startups and SMEs Fund invests in Silkroad images
Divided into multiple unique categories, the materials are sourced from professional photographers and content developers
Press Release - 17-Aug-2021 -
Innovative startups and SMEs Fund CEO kickstarts series of sessions with aspiring entrepreneurs
The entrepreneurial projects were focused on tech and marketing solutions, as well as business intelligence
Press Release - 09-Aug-2021 -
AAOIFI held the inaugural meeting of the PIMCC and elects its chairman and deputy chairman
The meeting commenced with opening remarks by Mr. Omar Mustafa Ansari, the secretary general of AAOIFI who welcomed thanked the respectable members for joining this august committee and briefed the members about the significance and functioning of the scope of PIMCC
Press Release - 15-Jul-2021 -
The Central Bank of Jordan and the Arab Monetary Fund announces the inclusion of the Jordanian Dinar as a settlement currency in Buna
The Jordanian Dinar is the fourth Arab currency to join Buna's payment system, raising the total number of settlement currencies in Buna to six
Press Release - 06-Jul-2021 -
Jordanian dinar fourth currency to join Buna Arab payments platform
Jordan’s dinar is the fourth currency to be included in the payment system, joining the Emirati dirham, Saudi riyal, US dollar and euro
Arab News - 06-Jul-2021 -
Jordan’s tourism revenues dropped by 69.7% during Q1 2021
Arrivals to the Kingdom in the January-April period totalled 339,000 passengers
The Jordan Times - 21-Jun-2021 -
Cedar Rose to provide business intelligence services to Jordan Loan Guarantee Corp.
This agreement demonstrates the trust JLGC has in Cedar Rose to provide qualitative business and credit risk reports/solutions internationally. It will allow JLGC to make smarter decisions with access to reliable business intelligence services
Press Release - 17-Jun-2021 -
Central Bank of Jordan strategic reserves stand at $15.852bln
The reserves can cover the Kingdom's imports of goods and services for 8.9 months
The Jordan Times - 17-Jun-2021 -
IFSB Council appoints new Technical Committee of the IFSB
The new appointments of the IFSB Technical Committee take effect on June 2021
Press Release - 10-Jun-2021 -
The Arab Monetary Fund holds a virtual workshop to elaborate on the value of multi-currency dimension of Buna to execute cross-border payments
The workshop is hosting high-level guest speakers from Arab Central Banks and global settlement banks representing the currencies that are onboarded to Buna
Press Release - 03-Jun-2021 -
Innovative Startups and SMEs Fund invests $1mln in Arazan Venture Capital II
The investment, which was made in January 2021, emphasizes the commitment of the ISSF towards supporting youth-led startups and SMEs
Press Release - 02-Jun-2021 -
AAOIFI constitutes the Public Interest Monitoring Consultative Committee
The process was completed after undertaking a comprehensive, robust and dynamic mechanism of obtaining nominations, shortlisting suitable candidates and conducting necessary evaluation processes under the purview of the nominations committee of the AAOIFI Board of Trustees
Press Release - 02-Jun-2021 -
Innovative Startups and SMEs fund invests in Trteeb
Trteeb leverages advanced technologies to provide an online platform
Press Release - 16-May-2021 -
Innovative startups and SMEs fund invests in Martix
The investment was made following an investment round during January 2021
Press Release - 25-Apr-2021 -
Innovative Startups and SMEs Fund invests in Solfeh
The investment, which was made in January 2021, underscores the strategy of the ISSF to support 150-200 local innovation companies
Press Release - 04-Apr-2021 -
Samer Majali designated to assume the role of RJ's President/CEO
Samer Majali brings with him a wealth of experience and expertise, and he is widely credited for the companies' growth and expansion in the region
Press Release - 31-Mar-2021 -
Innovative startups and SMEs Fund supports Oasis500
To build promising and sustainable future for entrepreneurship in Jordan
Press Release - 30-Mar-2021 -
$387.87mln Jordan Capital and Investment Fund launched
Fully owned by Jordanian banks, fund’s investments target vital and promising areas
The Jordan Times - 30-Mar-2021 -
Cabinet approves Central Bank of Jordan support programmes for SMEs
Move is aimed to alleviate the burdens of the most affected sectors and SMEs
The Jordan Times - 22-Mar-2021 -
Innovative startups and SMEs fund invests in Abjjad
Since its launch in 2012, Abjjad has steadily progressed and enhanced its operations
Press Release - 15-Mar-2021 -
Central Bank of Jordan increases support allocated to SMEs to $987.3mln
CBJ also said that the terms of loans granted to SMEs were extended for one year
The Jordan Times - 12-Mar-2021 -
Capital Bank Group finalizes acquisition of Bank Audi in Jordan and Iraq
This will include a transfer of all customer accounts and banking products to Capital Bank. Existing customer credit and debit cards will continue to work as normal after completion of the transfer
Press Release - 11-Mar-2021 -
Innovative Startups and SMEs Fund partners with INJAZ to support environmental and EdTech entrepreneurs
Through a $250,000 investment
Press Release - 09-Mar-2021 -
ICIEC endorse supportive reinsurance treaty with JLGC
Supporting Member Country ECAs
Press Release - 04-Mar-2021 -
Arab Bank Group reports net profits for 2020; 12% cash dividends
The Board of Directors has recommended to the shareholders the distribution of 12% cash dividends for the financial year 2020
Press Release - 26-Jan-2021 -
Arab Bank Group reports net profits of $195.3 million for 2020 12% cash dividends
The Board of Directors has recommended to the shareholders the distribution of 12% cash dividends for the financial year 2020
Press Release - 25-Jan-2021 -
Central Bank of Jordan allows banks to distribute dividends on shareholders
CBJ issued circular to banks last year not to distribute dividends to enhance their solvency
The Jordan Times - 21-Jan-2021 -
Jordan’s banking sector assets reach $79.5bln in Q3 2020
Loans granted to private sector constituted some 46%
The Jordan Times - 04-Jan-2021 -
Capital Bank and Bank Audi sign definitive agreements for the sale of the assets and liabilities of Bank Audi branches in Jordan and Iraq
The completion of these transactions remains subject to the receipt of the final approval of the related supervisory and regulatory authorities.
Press Release - 29-Dec-2020 -
Central Bank of Jordan decision to extend loan moratorium period draws praise
CBJ postponed repayment of dues and installments of impacted individuals and companies
The Jordan Times - 24-Nov-2020 -
Central Bank of Jordan extends loan moratorium period for COVID-affected sectors
Decision also stipulated that banks are not allowed to charge commission or impose a late payment interest on these companies
The Jordan Times - 22-Nov-2020 -
Central Bank of Jordan extends SMEs’ moratorium until end of 2021
The CBJ said that the regulations of the programme at the Jordan Loan Guarantee Corporation had been amended in light of the negative impacts of the pandemic on various economic sectors
The Jordan Times - 05-Nov-2020 -
Mastercard and UWallet announce strategic partnership to drive payment innovations and financial inclusion in Jordan
As part of this landmark deal, UWallet, Umniah's payment service provider, will offer customers innovative digital payment solutions including virtual and contactless cards, payments through mobile phones and other wearable devices, as well as loyalty programs that will bring additional value-driven offerings to consumers
Press Release - 11-Oct-2020 -
As Jordan tourism revenue plunges, stakeholders lament ‘lack of vision’ to revive sector
Out of 1,200 guides, barely 200 were able to benefit from the loans that were provided to the most hard-hit sectors
The Jordan Times - 24-Sep-2020 -
Careem GM of Levant leaves Ridesharing for EdTech
Sabri Hakim joins rising startup Abwaab
Press Release - 10-Aug-2020 -
Loans worth $537mln approved for SMEs - Central Bank of Jordan
Central Bank approves 3,942 loan requests from enterprises hit by pandemic
The Jordan Times - 21-Jul-2020