Category: Economy

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…

Trashing Petra Tourism

The ludicrously high garbage collection fees charged to struggling Petra hotels is just another example of the government’s myopic approach to raising revenue. By Yusuf Mansur On its website, the Petra Development and Tourism Region Authority describes itself as a…

Borrowing Smart

Borrowing can help an economy grow. But Jordan is taking on debt for all the wrong reasons. By Yusuf Mansur “Neither a borrow nor a lender be,” Polonius advised his son in Shakespeare’s Hamlet. But unlike the royal counselor, economists…

A World Divided

As we prepare to head into 2015, we find the world’s economies split between those ready for growth, and those teetering on the brink of recession. By Sameer Massis It was 160 years ago this month that Louis Pasteur stood…