VOL. XLII

No. 37

13-September-1999

JORDAN

IFC Buys 500,000 Shares In Jordanian Hotel Group

The International Finance Corporation (IFC) has purchasedhalf a million shares in Arab International Hotels, substantially boostingtrading volumes on the 'Amman Stock Exchange at the beginning of September andfurther adding to the IFC痴 tourism-related investments in Jordan. However Ms.Kelly Johnson, economist at the IFC, told MEES that this investment,along with a number of ongoing hotel projects, is likely...