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Amman Stock Exchange Participates in The Arab Banking Conference for 2014
Apr 18, 2014
The ASE represented by the Acting CEO of the ASE, Mr. Nader Azar, participated in the Arab Banking Conference 2014 entitled "Strategies for the Development of Arab Economies " held by the Union of Arab Banks and the Central Bank of Jordan in conjunction with the Association of Banks in Jordan and the World Union of Arab Bankers during the period from 16-17 / 4/2014.

Mr. Azar has participated in the session on: "The role of financial markets in the revitalization the economy” chaired by H.E. Mr. Mohammad S. Al-Hourani, the Chairman of Jordan Securities Commission (JSC) and with the participation of Dr. Fadi Khalaf, the Secretary-General of the  Arab Federation of Exchanges.

Mr. Azar assured that the year 2014 considered as  the year of coherence for the Jordanian capital market, which is reinforced by the indicators emerging since the beginning of the year. Mr. Azar also indicated that the ASE index raised about 7.5 % from the beginning of this year, and witnessed progressive improvement since 2013, despite the economic challenges in Jordan. Mr. Azar added that it is expected of the ASE keeping pace with the improvement witnessed by the Arab stock markets this year and next year, "to be a start of a new phase for the ASE.”

Mr. Azar has pointed out the importance of the role of financial markets in the revitalization of the economy; as it plays an important role in collecting savings and directing financial resources towards sectors which required funding through the establishment of public shareholding companies in various sectors.

It is worth mentioning that this conference considered as an Arab and international platform aiming at the diagnosis of the challenges of the Arab economy and what ails of slow growth , and spread of unemployment among Arab youth and identifying ways to  address such challenges , especially in terms of necessary restructuring to accommodate new developments, and the internal and external variables , in addition to revitalize the labor market and increase growth rates in spite of the political and economic challenges passed by neighboring countries .

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