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Middle EastMarch 3 2014

Jordan's banks defy regional unrest

Political instability in the Middle East has taken a toll on Jordan’s economy, but those on the inside maintain that the country remains politically and economically stable, and open for business. 
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Jordan's banks defy regional unrest

It is a tough job to find an ocean of calm in the Middle East these days, but one country that could make such a claim is Jordan. The Arab Spring uprisings of 2011 have transformed the Middle East and north Africa, and although Jordan has experienced its own unrest, in comparison with close neighbours such as Syria, Egypt and Iraq, the country has remained stable.

This relative stability is something that comes as a huge relief to Jordan’s small but seemingly healthy financial sector. As the global economy finally shows signs of emerging from the wreckage of the financial crisis, Jordan's banks are busy cultivating their own green shoots.

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