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  • Parliament Elects New European Commission

    Date 22/10/2014

    MEPs approved the new college of 27 Commissioners, as presented by its President-elect Jean-Claude Juncker on Wednesday morning, with 423 votes in favour, 209 against and 67 abstentions. The new Commission now needs to be formally appointed by EU heads of state or government to enable it to take up duty on 1 November for a five-year term.

  • TheCityUK Welcomes The Confirmation Of The New EU Commission

    Date 22/10/2014

    In response to the confirmation of the new EU Commission, Chris Cummings, Chief Executive, TheCityUK, said:

    “With the new EU Commission now formally voted in by the European Parliament, the financial and related professional services industry across Europe has an important role in helping to deliver the jobs and growth agenda set out by President-elect Juncker.   His vision for the mandate is clear – a Europe that will return to growth, which is stronger and more cohesive with renewed financial stability."

  • European Parliament Elects Juncker Commission

    Date 22/10/2014

    Today, the European Parliament gave its strong support to the new European Commission with 423 votes in favour, 209 against and 67 abstentions.

  • Cairo Amman Bank Flash Comment: Jordan’s Trade Deficit Up 4.1% During First Eight Months Of 2014

    Date 22/10/2014

    • Jordan’s trade deficit increased by JD 271 million or 4.1% during the first eight months of 2014, compared to the same time period in 2013. The trade deficit stands at JD 6,823 million for the first eight months of 2014, compared to JD 6,552 million for the same time period in 2013
    • Both exports and imports grew over the same time period, as exports grew by 5.9% while imports grew at a slower pace of 4.8%
    • Total exports grew to JD 3,931 million during the first eight months of the year, from JD 3,711  million for the same time period in 2013, driven by fertilizers (up 37%) and  fruit and vegetable (up 16%), while exports of phosphates increased around 10% after fluctuating during the beginning of the year and potash continued to decline. Meanwhile, imports grew to reach JD 10,754  million from JD 10,263 million for the same time period, due to an machinery and machinery equipment imports by 11%, and vehicles and motorcycles imports grew by 22%
    • Crude oil imports, which make up more than one quarter of total imports, increased by 19% to reach JD 3,023 million from JD 2,546 million over the time periods, which could indicate volatility in Egyptian gas supplies and reserves
    • If the Egyptian gas supplies remain inconsistent, it is anticipated that the oil bill will reverse the 2013 trend and instead grow in 2014. In addition, and with the continuous influx of Syrian refugees, it is expected that the trade deficit will remain at high levels witnessed in 2013

  • MARF Admits A €50 Million Comercial Paper Programme By Grupo Barceló - The Fourth Commercial Paper Programme Registered With MARF

    Date 22/10/2014

    The Mercado Alternativo de Renta Fija (MARF) has admitted a commercial paper programme by Grupo Barceló, with a maximum outstanding amount of €50 million.

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