Tag: Government

protests

Where Do We Go From Here?

Following a wave of protests over IMF-driven austerity measures, the need to find a path out of Jordan’s economic morass has taken on a new urgency. By Dina Al Wakeel Photography by Ala’a Al Sukhni  A western diplomat perfectly summed…

forecasts

Economic Forecasts and Predicting Growth

While certainly useful, economic forecasts shouldn’t distract decision makers from pursuing sound economic strategies. In a recent report, the World Bank Monitor said Jordan’s maximum real growth this year was unlikely to exceed 2.4 percent. While the average outlook over…

international airport

Airport Operator Acquisition of Queen Alia International Airport

Aéroports de Paris has big plans for Jordan’s aviation sector after acquiring a controlling stake in the operator of Queen Alia International Airport. Groupe Aéroports de Paris (ADP) recently announced it has spent $265 million to buy a majority 51…

Green City

EBRD Partners With GAM to Make Amman a Green City

The European Bank for Reconstruction and Development has signed a memorandum of understanding with the Greater Amman Municipality to fund projects that aim to ensure the capital’s sustainable growth. Under the agreement, which was signed by Amman’s Mayor Yousef al Shawarbeh…

strike

Professional Associations Strike Against Changes to Income Tax Law

Thousands from thirty-three associations and unions took part in a strike against the proposed modifications to the income tax law today. The main associations who joined the strike include doctors, engineers, journalists, teachers, lawyers, and pharmacists who reject the draft law….

fair tax

Transforming Taxation

Jacob Rabie, an Ernst & Young partner, discusses why a sound and fair tax policy is needed to boost investment in Jordan and Iraq. Jacob Rabie joined EY Jordan in 2010, bringing a complementary skill set to the Jordan/Iraq tax…

infrastructure investment

EBRD Finances Infrastructure Investment Program

The European Bank for Reconstruction and Development (EBRD) has signed a preliminary agreement with Jordan to finance an infrastructure investment program worth 2.8 billion euros. “This memorandum of understanding further cements the cooperation between the EBRD and the government of…

independence

Breaking Away

Over many years, cultural, language and political differences have led citizenries of various countries to seek independence from their ruling governments. But could these new states survive economically? By Dina Marto Separatist movements are largely motivated by the politics of…

backing

The Backing of Britain

Jordan can count on the backing of Britain when facing the challenges and opportunities posed by a complex and rapidly evolving region.  By UK Ambassador Edward Oakden From the Great Arab Revolt a century ago—when British Forces fought alongside the…

The founding of Sigma Investments

Iman Mutlaq is an entrepreneur and financier. She founded Sigma Investments, and is our special guest on today’s Women in Business. Sigma Investments started operating in Jordan in 2006, most of its projects back then were in Iraq and Libya before…