Amman, Jordan - December 19, 2000 (PRN): Al-Bawaba's Business Channel (www.albawaba.com/business) has launched a new English-language service that enables investors around the world to readily trade shares on the Amman Stock Exchange (ASE).
The new service includes stock quotes, financial snapshots, company profiles, corporate research, charts and other in-depth information on the 160 publicly-traded companies on the Amman Stock Exchange. The information is provided in cooperation with United Financial Investments plc (UFICO), the largest volume trader in the ASE.
'Many ASE shares with high growth potential have been overlooked by Western investors because of a lack of information, " said Naser Al-Amad, CEO of UFICO. "The new service provides institutional and private investors, with all the information they need to make investment decisions."
Recent ASE stock winners include the Jordan Press Foundation which has seen its share price increase by 60 percent and Jordan Steel which has risen by 16 percent.
Al-Bawaba plans to start
similar news servicess for other stock markets in
the Middle East, including the Cairo and Dubai exchanges
in the near future. "We are enabling Western
investors to find investment opportunities in the
Arab world, through high-quality, up-to-date information
not previously available," said Hani Jabsheh,
a Director and founding
investor of Al-Bawaba.
The ASE service is part
of Al-Bawaba's Business Channel known as the Middle
East Business Gateway (MEBG). The channel provides
the most comprehensive business news service in the
Arab World. MEBG offers up-to-date business
news about 21 Middle Eastern and North African countries.
Channels operate in Arabic, English and French. Daily
summaries of all 15 Middle Eastern stock market indices
with detailed information and graphs are available
to internet users, including those with access to
the internet on their mobile phones (WAP users).
MEBG also offers risk ratings, opinions and commentary from financial analysts and experts in the region. The MEBG Commericial Guide provides in-depth information about the legal and economic aspects of doing business in each Middle Eastern and North African country.
Al-Bawaba's homepage can be found at www.albawaba.com; Al-Bawaba's Business Channel is at www.albawaba.com/business
For more information
please contact:
(In North America)
Global Village Communications
Tel: 716-559-3023
e-mail pr@albawaba.com
(In the Middle East)
Press Relations/Al-Bawaba
POB 142460,
Amman, Jordan 11844
Tel:+962-6-5824454
Fax: 962-6-5814872
e-mail:pr@albawaba.com
.
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