Amman

Arab stocks plunge on advent of fasting month of Ramadan

Map of Arab WorldAmman - Leading Arab stock exchanges declined this week because of what financial analysts on Friday attributed to the advent of the fasting month of Ramadan and a shrinking volume of liquidity.

"We believe investors' decisions have been affected by the start of Ramadan when business retreats to a low ebb," an Amman-based portfolio manager told Deutsche Presse-Agentur dpa.

"However, we also believe the low prices of stocks will trigger a wave of buying in the coming two weeks that will reverse the downward trend," he said.

Jordan's forex reserves up 11 per cent in first seven months

Amman - Jordan's reserves of hard currencies grew by 11 per cent in the first seven months of the year, the Central Bank of Jordan (CBJ) announced Thursday.

Jordan cabinet okays financial help to political parties

Jordan cabinet okays financial help to political parties Amman - The Jordanian cabinet on Tuesday endorsed for the first time financial help to the country's fledging political parties as part of the drive to upgrade the political life in the Hashemite Kingdom.

The decision provides for paying 50,000 dinars (70,000 dollars) annually to each of the country's 16 political parties, including the country's largest and only organized political party according to Western standards, the Islamic Action Front (IAF), according to the Interior Minister Eid al-Fayez.

Arab stock exchanges volatile as investors eye third-quarter results

Jordan offers to supply Lebanon with part of its electricity needs

Jordan, AmmanAmman - Jordan on Wednesday offered to supply Lebanon with between 50 and 70 megawatts of electricity daily for the coming 16 months, the Jordanian Minister of Energy and Mineral Resources Khaldoun Qteishat said.

Qteishat said he made the offer during a meeting of energy ministers of Jordan, Lebanon, Syria and Egypt, who met in Amman Wednesday to discuss meeting Lebanon's requirements.

Jordan offers to supply Lebanon with part of its electricity needs

Jordan, AmmanAmman - Jordan on Wednesday offered to supply Lebanon with between 50 and 70 megawatts of electricity daily for the coming 16 months, the Jordanian Minister of Energy and Mineral Resources Khaldoun Qteishat said.

Qteishat said he made the offer during a meeting of energy ministers of Jordan, Lebanon, Syria and Egypt, who met in Amman Wednesday to discuss meeting Lebanon's requirements.

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