Ongoing regional instability has taken its toll on Jordan’s banks, which are feeling the impact of a sharp slowdown in the real estate and construction sectors. But with the central bank receiving praise for its response to the crisis, what are the country’s prospects for recovery?
Middle East
Latest articles from Middle East
Iraqi banking sector fails to profit from oil riches
December 3, 2012Iraq's banking sector is struggling to put its ever-increasing assets to work, a situation not helped by the fact that it is dominated by inefficient state-owned institutions. Can an influx of foreign banks – and the technology and expertise they bring – help transform the sector, or will development hinge on the state-owned banks' ability to reform?
The Banker Awards 2012 – Middle East
November 29, 2012The Bank of the Year winners from the Middle East.
Noor Islamic Bank pushes Islamic finance towards maturity
November 7, 2012Islamic finance is increasingly being viewed as a credible alternative to conventional finance, but Hussain Al-Qemzi, group chief executive of Dubai-based Noor Investment Group and chief executive of Noor Islamic Bank, recognises that Islamic institutions must work together if they are to compete with conventional banks.
Islamic finance looks to pastures new
November 7, 2012To maintain its phenomenal growth rates, Islamic finance is increasingly looking beyond sukuk and property investment to growth areas such as renewable energy and healthcare.
The struggle to find the right Islamic banking model
November 7, 2012The steady growth of sharia-compliant assets suggests banks believe in the future of the sector, but the dismantling of the largest cross-border Islamic window raises questions about whether global banking groups can make a success of the business.
Malaysia sets Islamic finance example
November 7, 2012Malaysia leads the world in providing a sharia-compliant environment for savings. CIMB Islamic's Badlisyah Abdul Ghani charts the rise of Islamic finance since its founding in the country 50 years ago.
The Gulf's three-way asset management traffic
October 1, 2012The financial centres of Bahrain, Dubai and Qatar dominate the Gulf's economic sphere and despite some major regulatory changes, the region as a whole is becoming more attractive to international asset managers in search of investable wealth.
Top Arab banks ranking, 2012
October 1, 2012Arab banks offset the turmoil of the Arab Spring and offered a robust performance in 2011 with impressive growth across the key financial indicators. And with minimal exposure to the eurozone crisis, the region's banks are expected to continue their recovery from the global financial crisis.
Banque du Liban’s reaps rewards from national payment system upgrade
October 1, 2012Lebanon’s central bank recently went live with a national payment scheme. Ali Nahle, senior executive director and head of the IT department, talks about its success and discusses the national clearing house and government payment scheme, which are next on the agenda.