Category: Economy

How Low Can Oil Go?

The oil market’s reaction to America’s renewed military operations in the Middle East has been counter to normal expectations. Rather than rise in price, Brent dropped from $115 in June to below $100 in September. How can this correction be…

In Gold They Trust

A whirlwind of speculations and denials unleashed by an alleged gold discovery has again got us asking who’s really to blame for the low level of trust between Jordanians and their government? The Economist- Yusuf Mansur For yet another dispiriting…

Dealing with the Danger

It’s tempting to try to ignore the regional turmoil that’s fast becoming an existential threat to Jordan. But we have to face up to it. Postscript- Osama Al-Sharif We’re hosting over a million Syrians who fled the brutal civil war…

Saudi Stocks: Worth a Punt for Foreigners?

Saudi Arabia hopes that there will be a lot of interest in its stock market when it finally opens up to international investors next year. But it might only succeed in attracting technical, rather than value, investors. By Sameer Massis…

Jordan and the Iraqi Predicament

Editor’s letter Dina al-Wakeel While Jordan has so far thankfully managed to insulate itself from the violence engulfing its neighbors, the Kingdom’s economy has still taken a hit. According to sources, exports to Iraq, Jordan’s number one trading partner, dropped…

Which Economy Do We Want?

The dash to become a service-based economy shouldn’t come at the expense of developing our manufacturing sector. The Economist- Yusuf Mansur   Every now and then a government official with something to do with running the economy states that Jordan…

More Debt, Little Growth

The Ensour government likes to crow about its achievements. But I can’t see any, beyond boosting the national debt to new highs with little to show for it. The Economist- Yusuf Mansur The national debt increased by the end of May…

The Lure of Easy Money

Editor’s letter- Dina al-Wakeel In a blatant challenge to Western nations that have long dominated the global financial system, the BRICS emerging economics have decided to establish their own $50 billion development bank. Noble as the idea may be, its…

Eyeing Investment in India and Indonesia

With prospects for real growth ahead, the Fragile Five might not be as brittle as you thought. By Sameer Massis The US central bank is in no rush to raise interest rates. Even though the Fed minutes released last June…

As the Debt Grows

Most governments borrow money, but it’s how they spend it that counts. The Economist- Yusuf Mansur Jordan’s current debt-to-GDP ratio has been much higher in the past, so why is it suddenly attracting more grumbling than ever before? Net public…