AMMAN STOCK EXCHANGE: MARKET NEWS MAY 30 2010

May 30, 2010 at 7:56 pm | Posted in Arabs, Economics, Financial, History, Middle East, Research | Leave a comment

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ASE Market News Briefcase Round 1

Capital Investments (Research@CapitalInv.jo)

For further information, please contact us at:
Research & Studies Department

Capital Investments

Tel (962 6) 520 -0330 ext. 285

Fax (962 6) 569-2872

Sun 5/30/10

ASE Market News Briefcase

Round 1

30 May 2010

Corporate News

· Global Finance, the international financial publication, has awarded the Arab Bank (ARBK) with Best Investment Bank in Jordan for the year 2010.

Economic News

· King Abdullah II of Jordan and UAE Deputy Prime Minister General Shaikh Saif Bin Zayed Al Nahyan on Thursday launched the first phase of the $10 billion Marsa Zayed project, a realty venture developed by Al Maabar Investments. Al Maabar will develop a mega mixed-use waterfront project, including high-rise residential towers, retail, recreational, entertainment, business and financial districts and several branded hotels. This 3.2-square kilometre development, including two km of waterfront, is the biggest mixed-use project of its kind in Jordan and will be implemented in several phases over 30 years with construction of the first phase scheduled to start in the third quarter of this year.

· Remittances of Jordanian expatriates grew by 2.4% during the first four months of 2010 to reach JD798.0 million. Moreover, remittances amounted to JD209.0 million in April 2010 compared to JD196.0 million in the same month last year, a growth of 6.7%.

· The European Union and the government of Jordan will sign on Monday a memorandum of understanding regarding a three-year aid package to Jordan with a total value of 223.0 million Euros in addition to 13.0 million Euros financing deals as part of the 2009-2010 aid program to the Kingdom.

For further information, please contact us at:
Research & Studies Department
Capital Investments

Tel (962 6) 520 -0330 ext. 285

Fax (962 6) 569-2872

ASE Market News Briefcase- Round 1

30 May 2010

Capital Investments (Research@CapitalInv.jo)

For further information, please contact us at:
Research & Studies Department

Capital Investments

Tel (962 6) 520 -0330 ext. 285

Fax (962 6) 569-2872

Sun 5/30/10

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