Tag: Economy

national drive

Jordan Targets Small Business Growth

A national drive to boost support for Jordan’s SMEs is gaining pace, spearheaded by increased access to finance and plans to garner a more business-friendly operating environment. In June the World Bank and the Central Bank of Jordan (CBJ) announced…

The IMF on Lifting Subsidies on Bread

IMF Opposes Lifting Bread Subsidies

The International Monetary Fund (IMF) said it doesn’t recommend lifting subsidies on bread in Jordan, a controversial step the government is considering in an effort to balance its budget. “The IMF does not recommend lifting bread subsidies and does not…

Recalibrating the Economy

Given Jordan has a well-educated labor force, why is its GDP so low, why does it struggle to add economic value, and why does it have a chronic trade deficit? By Laith al Qassem Typically, the higher the level of…

shipping

All At Sea

Nadia Shahin, general manager at Amin Kawar & Sons Co., talks about Jordan’s shipping industry, its potential, and global trends. How has the shipping industry been in the past few years? By all accounts, shipping is in a state of…

Is Britian Worse off with Brexit?

Britain’s exit from the European Union has been a tale of two halves. A satisfactory economic performance following the shock referendum result have gradually given way to a slowdown. The uncertainty of the UK’s future both economically and politically does…

Three- Quarters of Jordanians Not Banked- Report

Around 75 percent of Jordanians above the age of 15 still don’t have bank accounts, according to a new report from the Jordan Strategy Forum (JSF). The report from the economic think tank, which examined the state of financial inclusion…

real growth

Falling Behind

Jordan was ranked a mediocre 65 out of 137 countries in the World Economic Forum’s latest global competitiveness report. When will we admit that our economy isn’t being run effectively? According to the Global Competitiveness Report of the World Economic…

Marseille

The Marseille Week in Aqaba by Panmed Events

Panmed Events, a Jordanian company that encourages French and European investments in Jordan’s organizing the Marseille Week in Aqaba from October 16 to 22, 2017 under the patronage of H.E. Mr. Nasser Shraideh, Chief Commissioner of Aqaba Special Economic Zone. Panmed…

adventure

Land of Adventure

Recently, the Adventure Travel Trade Association (ATTA) sponsored AdventureNEXT Near East, a conference dedicated to adventure tourism in the Middle East, with special focus on Jordan. Industry figures from around the world gathered at the Dead Sea to discuss the…

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…