Category: Economy

Iran Nuclear Deal Set to Boost Dubai Economy

Iran’s nuclear deal with world powers is expected to create a raft of trade and investment opportunities for Dubai, which is widely seen as Tehran’s stepping stone to global markets. Iran’s nuclear deal, announced on July 14, allows Tehran to…

Jordanian Property Buyers in Dubai: the Reality Behind the Stats

Even though the statistics show Jordanians are snapping up millions of dollars worth of Dubai real estate, it doesn’t mean cash is flooding out of Jordan to do so. By Jawad J. Abbassi Dubai’s property market has rebounded well from…

investment

Where are the Women in the Workforce?

If we’re really serious about improving our economy over the long-term, many more women will have to join the workforce. By Khalid W. Wazani Although Jordan’s population is almost equally divided between males and females, women are substantially underrepresented in…

The 4G Fight Begins

With the recent issuance of a 4G license to Umniah, the battle for market share amongst Jordan’s big three mobile operators is set to get livelier than ever. Increased competition should prove a boon for consumers in terms faster Internet…

Agricultural laborers: Legalized serfdom

The rights enshrined in Jordan’s labor and social security laws don’t apply to agricultural laborers. This aberration harms the sector and the country’s wider economy.    By Jawad J. Abbassi Unskilled agricultural workers in Jordan have very few rights. The Labor…

investment

Economic Reform: Are We on the Right Track?

As the government has learned from its deal with the IMF, ill-conceived economic reforms can often do more harm than good. By Khalid Wazani Economic reform is a process that should be evolutionary not revolutionary, gradual not instantaneous, comprehensive not…

Dubai Metro: Mass Transit Done Right

2012 2013 2014 Q1 2014 Q1 2015 Dubai Metro Passengers 109,491,741 137,759,258 164,307,080 40,655,978 44,371,860 Growth 28,267,517 26,547,822 3,715,882 Growth (%) 26% 19% 9% Source: RTA annual report Dubai’s metro system has radically reduced the city’s congestion problems and secured…

investment

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…