Tag: Economy

Heike Harmgart, the head of the EBRD office in Jordan

Overhaul of Financial Watchdogs Needed – Study

Jordan’s financial regulators need to undergo greater reform for the Kingdom’s capital markets to achieve their full potential, the European Bank for Reconstruction and Development (EBRD) said in a new strategy paper it produced in conjunction with the Jordan Securities…

investment

No Rule of Law, No FDI

Without striving for an independent and transparent legal system, Jordan will struggle to attract desperately needed FDI. “We cannot achieve sustainable development, empower our creative youth or successfully execute our development plans unless we develop state administration and enhance the…

Arab Bank

Jordanian Investors Poised to Buy Saudi Oger’s Stake in Arab Bank

A Jordanian consortium has lodged a bid for Saudi Oger’s 20 percent stake in the Arab Bank after Saudi Arabia’s Fawaz Alhokair family withdrew its own $1.1 billion offer, Reuters reported citing banking sources. A deal with investors led by…

Issa Murad, Chairman of the Amman Chamber of Commerce, on energy price cuts

Businesses Welcome Energy Bill Cut

The Amman Chamber of Commerce said the government’s recent decision to lower energy prices for businesses across several sectors should significantly boost their competitiveness and revenue. The chamber’s chairman, Issa Murad, welcomed the move, calling the high cost of energy…

vision 2030-Saudi Arabia

Venture Explains: Saudi Arabia’s Vision 2030

What is it? Plunging oil prices since mid-2014 have pushed Saudi Arabia to produce Vision 2030, a far reaching reform plan unveiled earlier this year that aims to wean the kingdom’s economy off its reliance on oil, which the government…

Ayla Oasis

Jordan’s First Championship Golf Course Opens in Aqaba

The Kingdom’s first championship golf course opened in Aqaba’s multi-million dollar Ayla development last month. The developers of the 18-hole, Greg Norman-designed course are confident it will become a big attraction. “Ayla Golf Course is a major tourism enabler for…

Great Wall of China

Getting China Back on Track

Significant restructuring and rebalancing of China’s underperforming economy is needed before the country sneezes and we all catch a cold. China’s economy, long a reliable source of growth, has been experiencing a wave of economic difficulties that has created uncertainty…

Queen Alia International Airport (QAIA)

QAIA: Ready for Lift Off

Now that the second phase of the multimillion-dollar project to expand Queen Alia International Airport (QAIA) is complete, Jordan’s main gateway to the world will be able to smoothly handle rising traffic demand for years to come. By Laith Abou-Ragheb…

investment

Empowering the Regions

All of Jordan’s governorates, not just Amman and Aqaba, hold huge economic potential. The challenge facing us is how to unleash it. By Khalid Wazani How bad is income inequality in Jordan? Is it fair to say its economy is…