Category: Economy

refugee crisis

Wasted Youth

Jordan’s economy might be improving, but youth unemployment remains a pressing challenge. By Khalid W. Wazani Every six months, the World Bank publishes the Jordan Economic Monitor. The wide-ranging report provides a snapshot of how the Kingdom’s economy is performing…

OBG on Subsidy Cuts: Light at the End of the Tunnel?

They’ve been painful, but there are signs subsidy cuts may have started to bear fruit. The Jordanian government’s decision in 2012 to begin a phased withdrawal of electricity subsidies was undoubtedly a good one from the point of view of…

Hotel Electricity Rate Cut: A Misguided Move

The decision to slash electricity rates for hotels won’t do anything to solve the crisis in Jordan’s tourism sector. By Jawad J. Abbassi Jordan’s tourism sector plays an important role in the Kingdom’s economy. According to the Ministry of Tourism…

Setting Priorities in the Electricity Sector

Jordan’s struggling electricity companies should be more concerned with upgrading their grids than dishing out juicy dividends. By Jawad J. Abbassi Jordan’s electricity grid losses problem continued to mount in 2014. In the grids of Jordan Electricity Company and Irbid…

OBG: Regional Volatility Hits Tourism

A concerted drive is underway to reinvigorate Jordan’s important tourism sector that has been shaken hard by regional instability. Jordan’s all-important tourism sector is having a rough time of late. According to the Jordan Tourism Board (JTB), the number of…

Samih Darwazah: Losing a Legend

Samih Darwazah, the founder of Hikma Pharmaceuticals, died on Friday at the age 85. Long a towering figure in Jordan’s business community for creating such an important firm, he was also one of the country’s first pharmacists, and served both as…

Let them Work

Syrians in Jordan could make a huge contribution to the Kingdom’s economy, if only we would let them. By Yusuf Mansur Jordan is hosting around 1.4 million Syrians, almost half of whom are registered as refugees. They can’t remain refugees…

Tackling our Pension Problem

Standing at the same amount as the budget deficit, Jordan’s bankrupt public pension system is funded solely by new debt. Rationally reducing its burden should be of prime importance. By Jawad J. Abbassi At the parliamentary discussions of the government…

Sukuk Market Set for Lift-Off

With new regulations firmly in place, Sharia-compliant bonds finally appear to be gaining traction in Jordan. The Islamic debt market in Jordan is set to capitalize on growing worldwide interest in sukuk, or sharia-compliant bonds. This comes after long-awaited regulations…

The Entrepreneur in Everyone

The definition of what constitutes entrepreneurship is far too narrow. We must learn to celebrate enterprising individuals no matter where they appear. By Yusuf Mansur What comes to your mind when you hear the term “entrepreneur”? Almost everyone would conjure…