Finance Ministry | Al Bawaba

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The loan aims at enhancing financial inclusion, developing payment and settlement systems. (Shutterstock)

February 15th, 2019 - 08:50 GMT

$96 Million Loan to Support Jordan's Banking Sector

The government and the Arab Monetary Fund (AMF) on Thursday signed a loan agreement for 23 million Arab accounting dinars, equivalent to $96 million.

A refugee family receives presents as they arrived at the train station in Munich, southern Germany. (AFP/File)

May 15th, 2016 - 07:43 GMT

Germany’s refugee budget to exceed $100 billion by 2020

Jordan's Finance Minister warned that the forecast for economic growth is around 2.7 per cent this year, which is below the 3.5 per cent forecast in the state budget. (Flickr/Andrew E Larsen)

April 27th, 2016 - 07:00 GMT

Jordan to renegotiate IMF loan in May, new reforms will make it 'a tough year'

Oil exports were not affected by the strike action. (AFP/File)

April 26th, 2016 - 04:13 GMT

Kuwait suffered up to $200M in losses due to oil strike

A representational image of a pile of cocaine. (Shutterstock)

April 25th, 2016 - 11:30 GMT

Almost five kilograms of cocaine seized at Beirut airport

The Secretary-General of Hezbollah Sayyed Hasan Nasrallah has denied that the party deals with any Lebanese or foreign banks. (File photo)

April 20th, 2016 - 01:00 GMT

Lebanese banks accepting Hezbollah MP's salaries will face US sanctions

The three power plants are slated for completion in 2018. (Shutterstock)

April 13th, 2016 - 11:00 GMT

Egypt secures $3.9B funding for 'world's largest' power plants

The Finance Ministry said in the 2016 budget statement in December that it would apply “additional fees on harmful goods" such as tobacco and soft drinks. (File photo)

March 14th, 2016 - 10:00 GMT

Saudi smokes out as tobacco taxes double prices

The Palestinian employees were forced to travel to Rahat after its West Bank factory closed in 2014. (AFP)

March 3rd, 2016 - 07:00 GMT

SodaStream CEO blames 'Israeli bureaucratic idiocy', not BDS, for loss of 74 Palestinian workers

Saudi's finance ministry reported 2015 revenues at $162 billion, a 15 percent decline from budgeted revenues. (File photo)

January 20th, 2016 - 07:00 GMT

IMF downgrades growth forecast for Saudi Arabia

Al Bawaba

January 17th, 2016 - 09:00 GMT

Unified VAT in GCC planned for 2018

Al Bawaba

January 10th, 2016 - 02:00 GMT

Jordan to issue $211M sukuk to finance National Electric Power Company

Saudi Arabia's finances have been under pressure after its main source of revenue, oil, sank to the lowest level in 11 years. (File photo)

January 3rd, 2016 - 06:56 GMT

Saudi market plans IPO in 2018