Tag: Omar Malhas

Arab Bank CEO Nemeh Sabbagh

Central Bank Announces Development Funds to Kick-Start Economy

The Central Bank of Jordan plans to set up a series of multi-million dinar development funds designed to stimulate the economy. “The Central Bank has worked on a number of finance initiatives through funds to help out startups, small businesses,”…

Minister of Finance Omar Malhas on Jordan's Economy in 2017

The Economy in 2017

Jordan’s Finance Minister, Omar Malhas, says the country will have to make some tough economic choices in 2017. By Dina Al Wakeel Jordan’s public debt now stands at almost 95 percent of GDP, and unemployment is running at around 16…

Minister of Finance Omar Malhas at the Euromoney Conference

Jordan to Begin Talks With IMF on $700-$800 Million EFF

Jordan is expected to begin talks with the IMF this month to try to secure an Extended Fund Facility (EFF) with the international lender worth between $700 and $800 million. The talks come after Jordan successfully completed a three-year, $2…