Category: Economy

direct investment

Finding foreign direct investment

Jordan needs to do much more to attract much-needed foreign direct investment (FDI.) Here’s how to generate investor interest.  It will come as a surprise to no one to learn the UAE is the largest landing hub for foreign direct…

economic challenges

A streamlined approach to tackling Jordan’s economic challenges

Last month’s cabinet reshuffle seems to finally acknowledge that tackling Jordan’s big economic challenges will require focused and unified strategizing. By Khalid W. Wazani One of the most important changes to occur in the latest cabinet reshuffle was the appointment…

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…

economic challenges

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…

economic challenges

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…

economic challenges

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…

economic challenges

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…