JORDAN’S LOCAL INVESTORS are in a positive mood. Share prices on the Amman Stock Exchange (ASE) are up more than 7% so far this year, a rise that began even before the end of the US-led invasion of Iraq. Gulf financiers are also increasingly positive about prospects but western investors remain cautious.
There are some grounds for the optimism. The reconstruction of Iraq will provide opportunities for Jordanian companies and the transit of goods through Aqaba port is also expected to rise sharply.
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