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FINANCIAL NEWS
Jordan requires essential changes amid economic challenges
19 Nov 2015
(MENAFN) Jordan’s financial plans in the following year need stability, between confronting economic challenge of rising growth and employment, to cut its high public duty.
Moreover; remarking the right balance will need, essential changes to increase jobs, and maintain fiscal change to decrease debt to safer levels.
According to The International Monetary Fund (IMF), the plan of this fiscal change should make a space for growth-enhancing measures, thus stabilizing its status.
In addition, this reveals a central government income shortfall of 1.3 percent of GDP, added up from lower oil prices, which was balanced by spending restraint.
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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