Tag: Amman

Yahsat Delivers

Yahsat was founded in 2007 with a mission to connect people through satellite communications at an affordable price. “Social equality and economic security cannot be achieved without effective and affordable communication,” said Najat Abdulrahman, Executive Vice President of Global Strategic…

forecasts

Economic Forecasts and Predicting Growth

While certainly useful, economic forecasts shouldn’t distract decision makers from pursuing sound economic strategies. In a recent report, the World Bank Monitor said Jordan’s maximum real growth this year was unlikely to exceed 2.4 percent. While the average outlook over…

international airport

Airport Operator Acquisition of Queen Alia International Airport

Aéroports de Paris has big plans for Jordan’s aviation sector after acquiring a controlling stake in the operator of Queen Alia International Airport. Groupe Aéroports de Paris (ADP) recently announced it has spent $265 million to buy a majority 51…

Green City

EBRD Partners With GAM to Make Amman a Green City

The European Bank for Reconstruction and Development has signed a memorandum of understanding with the Greater Amman Municipality to fund projects that aim to ensure the capital’s sustainable growth. Under the agreement, which was signed by Amman’s Mayor Yousef al Shawarbeh…

strike

Professional Associations Strike Against Changes to Income Tax Law

Thousands from thirty-three associations and unions took part in a strike against the proposed modifications to the income tax law today. The main associations who joined the strike include doctors, engineers, journalists, teachers, lawyers, and pharmacists who reject the draft law….

fair tax

Transforming Taxation

Jacob Rabie, an Ernst & Young partner, discusses why a sound and fair tax policy is needed to boost investment in Jordan and Iraq. Jacob Rabie joined EY Jordan in 2010, bringing a complementary skill set to the Jordan/Iraq tax…

infrastructure investment

EBRD Finances Infrastructure Investment Program

The European Bank for Reconstruction and Development (EBRD) has signed a preliminary agreement with Jordan to finance an infrastructure investment program worth 2.8 billion euros. “This memorandum of understanding further cements the cooperation between the EBRD and the government of…

Development

Banking on Development

The regional head of the European Bank for Reconstruction and Development, Heike Harmgart, explains why the EBRD has pledged to invest 1 billion euros in infrastructure projects in Jordan. The European Bank for Reconstruction and Development (EBRD) held its first annual meeting…

A Sit-down with Hamdi Tabbaa

Our guest today, Hamdi Tabbaa, held many positions. He was the former Minister of Industry, Trade and supply, a member of the Senate several times and today, heads the Federation of Arab Businessmen and The Jordanian Businessmen Association. Your Excellency, I…

cut flower sector

Cut flower sector: From bloom to bust

Jordan’s cut flower sector has enjoyed double-digit growth over the past decade. But this success is being threatened by new tax hikes affecting consumer spending, in addition to increasingly fierce competition from African growers. By Celine Alkhaldi Rows of red…