Tag: Aqaba

Into the Deep: Freediving in Aqaba

Some consider freediving to be too risky. But if taught properly, this seemingly extreme sport can be truly exhilarating. By Jane Hosking To most people, the idea of diving deep underwater for lengthy periods of time without scuba gear sounds…

Hilton’s High Hopes for Dead Sea Resort

Hilton’s regional chief says his new Dead Sea resort will be open this summer, ready to take on the competition in Jordan’s increasingly competitive hospitality market. Hilton is set to expand its presence in Jordan this summer with the opening…

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…

GDP to Grow 4 Percent in 2015 – QNB

Despite a difficult regional context, the Qatar National Bank (QNB) Group said it expected Jordan’s real GDP growth to reach 4 percent over 2015, accelerate to 4.3 percent in 2016, and 4.5 percent in 2017. Jordan’s economy would continue to…

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…

Red Sea-Dead Sea Project: Too Little, Too Late?

The $950 million Red Sea-Dead Sea conveyance project has finally been given the go-ahead. While it will likely save Jordan money and provide it with much-needed fresh water, doubts remain about whether it can save the fast-shrinking Dead Sea over…

Sailing Ahead

Despite regional turmoil, Maersk Line’s Anne Gronbjerg says Jordan continues to show promise. The Maersk Line service that stops off at the Port of Aqaba has faced many challenges over the years. But Anne Gronbjerg, the Danish shipping giant’s managing director for…

Capturing Investment

Luring desperately needed foreign direct investment to the Kingdom has never been easy. But the head of the new Jordan Investment Commission believes his team is up to the job. By Elisa Oddone In a bid to make investing in…

Petra Tourism Crash

Visitor numbers to Petra have plunged over recent years, forcing several hotels to close. Jordan Hotel Association Chairman Michael Nazzal said a solid investment from the government and a thoroughly planned marketing operation are needed to attract tourists back to…

The Arab Potash Company: Did Privatization Work?

This article appeared in the April, 2014 edition of Venture.   More than a decade has passed since the Arab Potash Company was partly sold off under Jordan’s controversial privatization drive. Was it a wise move? By Dina al-Wakeel Jordan’s controversial…