A
- Advertising Agencies
- Arabic Sweets,
Pastries, Chocolates
- Architects


B
- Banks
- Beauty


C
- Car Rental
- Coffee Shops
- Commerce
- Consulting
- Craft


D
- Data Processing &
Computer Systems
- Decoration &
Furnishing


E
- Environment / Waste
Management Services
- Express Delivery
- Equipment : food
services, catering,
kitchen, laundry


F
- Financial Services
- Flowers
- Food & Beverage


H
- Hotels 3
- Hotels 4 & 5
- Hotels & Suites


I
- Industry
- Insurance
- Interior Design /
Decoration
- Internet


J
- Jewelleries


L
- Leisure
- Lighting


M
- Medias
- Medical / Technology


O
- Office Equipments /
Electronics
- Outside Decoration


P
- Printing


R
- Real Estate
- Restaurants


S
- Security
- Shop Systems
- Superstores


T
- Telecommunication &
Mobile Phones
- Transport
- Travel Agencies










 


 
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French Version

Riding the storm

Jordan’s reputation as one of the most liberal countries in the Middle East, and an oasis of calm despite the winds of instability whipping around it, has been taking a knocking recently.

So too the country’s capital markets, although signs now show they have gained a surer footing.

The Amman Stock Exchange (ASE) index rebounded slightly on January 18 following a nearly 3 percent drop the day before—and a 7 percent drop overall since the day before that.

The biggest gainer then was financial holding company Union Investment Corporation, at 4.96 percent, whilst the biggest net losers were International Brokerage Financial Markets, with a 5.01 percent drop, and blue-chip Arab Bank, down 4.99 percent. Yet despite all this, over the long term, the ASE absorbed the November 2005 bombing attacks on hotels in Amman and has enjoyed rapid growth, rising over 5000 points since January 2005. Whilst many Jordanians take issue with their country’s strong links to the US and other Western nations, there is no sympathy among most in Jordan for the kind of groups behind the hotel bombings, which disturbed the nation’s reputation for internal stability.

The attacks in Amman were widely held to have originated over the frontier in Jordan’s troubled neighbor, with Al-Qaida in Iraq claiming responsibility. The fact that the group’s leader, Abu Musab Al-Zarqawi, is Jordanian-born, sent further jitters through the Hashemite kingdom.

Meanwhile, Jordanian authorities have continued tightening the country’s border with neighboring Iraq. Tightening up border security has, however, left many Iraqi commercial drivers sitting at the frontier for days at a time whilst security officials allow few to enter.

Elsewhere, whilst it may be too early to predict whether recent events will have any long-term effects on tourism. The sector—Jordan’s second-largest revenue earner—grew by 13.2 percent during the first three quarters of 2005 compared with the same period the year before, according to official figures. Arab and Gulf visitors comprised the bulk of the near 5 million total, with the fastest growing group of visitors originating from Africa.

There was also a 30 percent increase in Iraqi visitors over the course of 2005. It is not surprising that the situation in Iraq has complicated Jordan’s own strategic and diplomatic situation, but that has not been all bad for the kingdom, some analysts claim, with the country, like its own capital markets, largely absorbing the shock. “The main story is one of co-operation between the US, Jordan and the new Iraq,” wrote Scott Lasensky in the December 19 issue of the Beirut-based Daily Star. “For Jordan, co-operation has brought many positive benefits.” These have included oil subsidies from Gulf states and substantial business as a port for Westerners entering Iraq, a role whose importance, ironically, rises and falls depending on the instability there.

Amman,13February2006
Redaction
The Star


Geography
Some Marks
To see in Jordan
Overview
Fairs & Exhibitions
Useful Addresses
Media of 1stjordan
Impact of 1stjordan
The 'First Jordan' Card
Press Book
Exotica - Flowers - Shopping on line
www.exotica.com.lb
Engineering Consultants Lebanon
www.spectrumlb.com
Nsouli Jewelry Lebanon
www.nsoulijewelry.com
Hotel Beirut Lebanon
acropolishotel.com
Rent Villas France for Holidays, Seasonal Rentals France
www.rent-villas-france.com
Sole Agent for Philips & Whirlpool in Lebanon
www.azelectronic.com
Arab Printing Press Lebanon
www.arab-printing-press.com
Hotel Beirut Lebanon
www.hotelcavalier.com
Arabic Music, CD Arabia
www.cd-arabia.com
Hotels Syria
www.chamhotels.com
Groupe PMR
www.groupe-pmr.com