VOL. XLV

No 7

18-February-2002

JORDAN

Jordans Enron Details Still NotClear But Unlikely To Cripple Financial Sector

Jordans banking stocks have seena sharp decline in share prices amid fears that exposure to a single corporation,Global Business (GB) referred to in some reports as Jordans Enron couldrun as high as JD40-100mn ($56mn-141mn) and incur significant costs for thecountrys financial sector. Share prices tumbled at the beginning of the monthwhen allegations emerged suggesting that loans...