NO. 51


Financial and Banking News

Public Finance

Jordan's Parliament Liberalizes Foreign Investment, Income Tax Laws

The Jordanian parliament has passed an investment law that lifts restrictionson foreign ownership and a new income tax law that makes significant cuts incorporate and business taxes. Both measures are designed to lure foreigninvestment to Jordan in light of its peace treaty with Israel and 'Amman'srecent rapprochement with Arab Gulf states. Jordan is...