Jordinvest Takes Part in Arab Economic Forum
June 19, 2005 (Press Release) --
AMMAN (June 2005) – Jordan Investment Trust (Jordinvest) was among the tens of key financial firms participating in the 11th Arab Economic Forum (AEF), which concluded in Beirut on June 17th.
Representing the firm, CEO and Vice-Chairman Ahmad Tantash, was among panelists in a seminar on the boom in Arab stock markets, which tackled the current bullish trends in most regional stock exchanges, mainly in the Gulf area.
Mr. Tantash spoke on investment prospects in these exchanges and stated, “Regional markets, including Amman Stock Exchange, enjoy high liquidity and hold good investment potential provided that investments are based on well-calculated decisions.”
He told the session, which brought together leading business figures that laws and regulations issued by Arab Securities Commission particularly in Jordan have helped deepen these markets and encourage IPOs for economically feasible companies, as IPOs is considered a new tool to attract extra liquidity in the markets.
The two-day forum, grouped more than 1,000 eminent participants from over 30 countries. Main issues addressed included the requirements of the next phase of economic reform, the implications of the rise in oil prices on economic reform, the era of free trade in the region, and opportunities in banking and finance.
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Issued on behalf of Jordan Investment Trust PLC (Jordinvest) by TRACCS Jordan.
Representing the firm, CEO and Vice-Chairman Ahmad Tantash, was among panelists in a seminar on the boom in Arab stock markets, which tackled the current bullish trends in most regional stock exchanges, mainly in the Gulf area.
Mr. Tantash spoke on investment prospects in these exchanges and stated, “Regional markets, including Amman Stock Exchange, enjoy high liquidity and hold good investment potential provided that investments are based on well-calculated decisions.”
He told the session, which brought together leading business figures that laws and regulations issued by Arab Securities Commission particularly in Jordan have helped deepen these markets and encourage IPOs for economically feasible companies, as IPOs is considered a new tool to attract extra liquidity in the markets.
The two-day forum, grouped more than 1,000 eminent participants from over 30 countries. Main issues addressed included the requirements of the next phase of economic reform, the implications of the rise in oil prices on economic reform, the era of free trade in the region, and opportunities in banking and finance.
-End-
Issued on behalf of Jordan Investment Trust PLC (Jordinvest) by TRACCS Jordan.
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