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Scandals fraud and losses in the financial markets

Scandals fraud and losses in the financial markets

HSBC is the latest bank to be hit by attempted fraud, which Euromoney was first to report.

Abigail Hofman

Abigail Hofman

We’re here to save the world and we don’t need any questions

Liquid real estate Issue 05

Amman: An ancient city looks to the future




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Amman, Jordan, has been a human settlement since 8,500 BC. Through the centuries the city has seen empires rise and fall, has been razed by armies and earthquakes only to be rebuilt. But Amman is by no means a museum piece. Although its historic souk district attracts curious tourists and remains a lively part of the cityscape, the city is in the throes of change. Its population has grown by almost 1 million to 2.2 million over the past seven years as Iraqis fleeing the conflict in their country have made Amman home. This massive influx has put the city’s infrastructure under pressure and put a premium on housing.

As Amman has grown so rapidly since the turn of the century, it became apparent to King Abdullah II and the government that it was in need of a major revival. Jordan’s political and business leaders have come together behind Abdali – a project that will create a brand new downtown Amman. The development, already under way, is being built on former military sites, once on the city’s perimeter but now, after years of growth, nearer the centre.


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