Category: Economy

real growth

Reasons for Cheer in 2018

After a decade or so in the doldrums, things are finally looking up for Jordan’s economy. Evidence from both the global and regional arena warrant saying that Jordan is moving towards a growth cycle, leaving the bottleneck of the last…

tax

Tax Evasion Crackdown

Jordan is tackling its budget deficit by going after tax dodgers as well as reducing the basket of goods covered by subsidies. At the beginning of October, Prime Minister Hani al Mulki said new changes to the Kingdom’s tax code would…

refugee crisis

Jordan’s Knowledge Scorecard

An important new global knowledge index highlights the areas where Jordan is excelling and struggling. According to the first edition of the Global Knowledge Index (GKI), which was recently set up by the Mohammed Bin Rashid Al Maktoum Knowledge Foundation…

national drive

Jordan Targets Small Business Growth

A national drive to boost support for Jordan’s SMEs is gaining pace, spearheaded by increased access to finance and plans to garner a more business-friendly operating environment. In June the World Bank and the Central Bank of Jordan (CBJ) announced…

refugee crisis

Countdown to NEOM

Saudi Arabia’s planned $500 billion NEOM mega-city could easily become one of the most important economic development projects in the MENA region. And Jordan would have an important part in making it a success. The wildly ambitious NEOM business and…

refugee crisis

The Value of Good Service

Countries over the world fully grasp the important role good services can play in the development of strong and competitive economies. So why doesn’t Jordan? In the current division of economic development stages for nations, only those with outstanding service…

refugee crisis

Falling Behind

Jordan was ranked a mediocre 65 out of 137 countries in the World Economic Forum’s latest global competitiveness report. When will we admit that our economy isn’t being run effectively? According to the Global Competitiveness Report of the World Economic…

Jordan Moves to Kick-Start Growth and Pare Back Debt

Jordan Moves to Kick-Start Growth and Pare Back Debt

The government is looking to reduce its debt burden and jumpstart the economy through a combination of budgetary adjustments, a new medium-term economic strategy, and international aid agreements. In mid-May, the Cabinet announced its decision to cut this year’s JD8.8…

refugee crisis

What Must Be Done

Economy of Jordan State When it comes to grappling with the perilous state of Jordan’s economy, there are many factors which are out of the government’s control. But there are modest steps it can immediately take to set the country…

refugee crisis

Jordan’s Dutch Disease

Back in the early 1970s, a huge natural gas windfall gifted the Netherlands a strong currency and a budget surplus, but failed to improve fundamental underlying weaknesses in the country’s economy such as its uncompetitive industrial base. The term ‘Dutch…