Tag: Economy

Merza Hussain Hasan, Regional Head of World Bank

Strong Support

The regional head of the World Bank says his organization stands ready to help Jordan meet its potential. As well as Jordan, Merza Hussain Hasan oversees World Bank projects in Bahrain, Egypt, Iraq, Kuwait, Lebanon, Libya, the Maldives, Oman, Qatar,…

Increasing Wheeling Fees a Set Back for Renewables Sector-EDAMA

Increasing Wheeling Fees a Set Back for Renewables Sector-EDAMA

Sustainability NGO EDAMA slammed a proposed increase in wheeling charges of up to 400 percent as an unjustifiable move that aims to obstruct renewable energy projects. The government is currently considering hiking wheeling charges from 1.1 piasters to 4.5 piasters,…

Amazon buys Whole Foods

Venture Explains: Why did Amazon buy Whole Foods?

What’s happened? Internet retail giant Amazon has just agreed to buy high-end grocer Whole Foods for $13.7 billion. What’s the motivation behind the deal? Even though it built its name in e-commerce, Amazon has recently been experimenting with brick-and-mortar stores,…

investment

What Must Be Done

Economy of Jordan State When it comes to grappling with the perilous state of Jordan’s economy, there are many factors which are out of the government’s control. But there are modest steps it can immediately take to set the country…

Unemployment

Unemployment hits 18.2 percent after methodology overhaul

Unemployment in Jordan reached 18.2 percent in the first quarter of the year after the Department of Statistics introduced a new methodology for calculating joblessness that now includes migrants and refugees, and any unpaid jobs and trainings. The figure, which…

tax

A Taxing Question

Jordan’s punitive and convoluted tax system is harming its economic prospects. By Laith Qassem A recent study by To-Excel Consulting found the active number of taxpayers in Jordan declined from 292,744 in 2009 to 208,271 in 2012. The mix of…

Rasha Manna, the Managing Director of Endeavor Jordan on challenges facing startups

Start up Jordan

Rasha Manna, the managing director of the entrepreneur support group Endeavor Jordan, lays out the challenges facing the Kingdom’s startups, and what it takes to overcome them. The one major difficulty Endeavor faces in Jordan is pipeline—finding companies that meet…

The World Economic Forum (WEF)

The WEF Spotlights Startups

The World Economic Forum rolls into town this month with the aim of recognizing the region’s most promising startups. American research and advisory firm Gartner has called it the “Nexus of Forces,” which is when social, mobile, cloud and information…

Renewable Energy

Green Investment Growth

Regulatory reforms introduced last year should soon begin attracting investors to help carry out large, state-led projects, particularly in the field of renewable energy. The Regulation for Organizing Non-Jordanian Investments No. 77, passed in June, eased capital requirements and other…

US President Donald Trump

Trump’s Grand Plan

President Trump has started to put his campaign promises into action. What should we expect? By Venture Staff Among the chaos of the new Trump administration lies the most important economic policies that have yet to be implemented. Prior to…