Tag: Economy

Jordan Slips Down Global Competitiveness Table

Although its score remained unchanged, Jordan slipped from 63 to 65 in the newly published World Economic Forum’s Global Competitiveness Index (GCI) report. The report said Jordan benefited from a relatively efficient institutional system and strong infrastructure, innovation, and business…

Hala Zawati, CEO of the Jordan Strategy Forum

Jordan Strategy Forum: Working for Business

Five years since its creation, the Jordan Strategy Forum (JSF) is still advocating hard for Jordan’s business community. By Dina Al-Wakeel Established in the wake of the Arab Spring, the Jordan Strategy Forum helps the private sector engage in dialogue…

EXCEL

Bank of Jordan: THE PURSUIT OF EXCELLENCE

Bank of Jordan A BRAND FOCUSED AROUND “EXCEL”, IN THE PURSUIT OF EXCELLENCE. Since its establishment in Jordan back in 1960, Bank of Jordan stands out as one of the major financial institutions that have contributed to national economic growth….

Jordan Moves to Kick-Start Growth and Pare Back Debt

Jordan Moves to Kick-Start Growth and Pare Back Debt

The government is looking to reduce its debt burden and jumpstart the economy through a combination of budgetary adjustments, a new medium-term economic strategy, and international aid agreements. In mid-May, the Cabinet announced its decision to cut this year’s JD8.8…

Job Creation Leaps 50 Percent in H1

Job Creation Leaps 50 Percent in H1

The number of jobs created during the first half of 2016 increased by 50 percent compared to the same period the previous year, according to recent figures by the Department of Statistics. The DoS said 26,000 jobs were created during…

Young People Need Jobs, and So Do Their Parents

Young People Need Jobs, and So Do Their Parents

Efforts to get young people into work should come as part of a wider package of macroeconomic policies. By Mary Kawar and Zafiris Tzannatos The conclusion of yet another successful World Economic Forum in the context of this year’s timely…

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…