Financial and Banking News


EIB Lends $6.3mn for Asman Industrial Site 

The European Investment Bank (EIB), the European Community's long-term financing agency, has agreed to lend ECU6.5mn ($6.3mn) to the Jordanian Industrial Sites Corporation (JISC) to attract mid-sized industries to an industrial park near Amman, according to an EIB statement on 12 June. The loan is repayable in 12 years and carries an annual interest rate of 4.8% which takes into account a 2% interest...