Iraqis pump $2 billon into the Jordanian banks
Jordan-Iraq, Economics, 3/14/2005

Sources in the Jordanian banks attributed the great reinvigoration of the Jordanian economy has been witnessing, to the wave of new evacuations of Iraqi families that contributed to pumping sums estimated at $2 billion.

The sources considered that the arrival of more than 50,000 Iraqi families recently clearly contributed to accelerating the cycle of the economy and pumping large amounts of money.

The Jordanian sources indicated that the loss of security in Iraq pushed many Iraqis to Jordan in search of stability and investments.

On the other hand, the director general of the national electricity company in Jordan said that Amman and Cairo agreed to provide west Iraq area with electricity. This was at the request of the Iraqi authorities. It is, however, decided that al-Reisheh electricity network near the Iraqi- Jordanian borders will be linked to Akkashat area to the west of Iraq by a cable of 124 miles length.

Iraqi, Egyptian and Jordanian officials are expected to meet later to agree on measures to facilitate electricity exports to Iraq.

Previous Stories:
  al-Rai: Jordan freezes 500 million dollars for former Iraqi officials   (9/1/2003)
  Joint council for Jordanian, Iraqi businessmen   (6/10/2003)
  On the trade exchange size between Jordan, Iraq   (3/17/2003)

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