Tag: Economy

EBRD: Jordan’s Long-term Development

The European Bank for Reconstruction and Development (EBRD) is fast shaping up to be a major supporter of Jordan’s economy, having sunk no less than $260 million into a variety of projects over the two years it’s been operating in…

Dealing with the Danger

It’s tempting to try to ignore the regional turmoil that’s fast becoming an existential threat to Jordan. But we have to face up to it. Postscript- Osama Al-Sharif We’re hosting over a million Syrians who fled the brutal civil war…

Jordan and the Iraqi Predicament

Editor’s letter Dina al-Wakeel While Jordan has so far thankfully managed to insulate itself from the violence engulfing its neighbors, the Kingdom’s economy has still taken a hit. According to sources, exports to Iraq, Jordan’s number one trading partner, dropped…

Which Economy Do We Want?

The dash to become a service-based economy shouldn’t come at the expense of developing our manufacturing sector. The Economist- Yusuf Mansur   Every now and then a government official with something to do with running the economy states that Jordan…

New US Ambassador Appointed

Alice G. Wells has been sworn in as the new US ambassador to Jordan, replacing Stuart E. Jones who held the pivotal diplomatic position for three years. This will be the first ambassadorial post for Wells, a career Foreign Service…

Religious Tourism: a Sector’s Salvation?

Pope Francis’ recent trip to Jordan showcased to the world the important role that the Kingdom has played in the rich history of the Holy Land. The benefits of attracting more of the world’s faithful to visit Jordan’s many religious…

More Debt, Little Growth

The Ensour government likes to crow about its achievements. But I can’t see any, beyond boosting the national debt to new highs with little to show for it. The Economist- Yusuf Mansur The national debt increased by the end of May…

The Lure of Easy Money

Editor’s letter- Dina al-Wakeel In a blatant challenge to Western nations that have long dominated the global financial system, the BRICS emerging economics have decided to establish their own $50 billion development bank. Noble as the idea may be, its…

Us and the Rest

Why are economies around the world steadily powering ahead while ours remain stifled? Six months into 2014, and we’re faced with a mix of good and bad currents shaping both the world and our region. Some of them are old,…

As the Debt Grows

Most governments borrow money, but it’s how they spend it that counts. The Economist- Yusuf Mansur Jordan’s current debt-to-GDP ratio has been much higher in the past, so why is it suddenly attracting more grumbling than ever before? Net public…