Tag: Growth

Jamalon

Jamalon: Doing Things by the Book

Jamalon began as a family-driven operation in 2010 but has become a leading distribution line for publishers in the region and an online marketplace for thousands of Arabic and English books. By: Nada Atieh Like many entrepreneurial success stories, Jamalon…

fees

UAE Cuts Tourism Fees to Encourage Growth

Recent moves by the Abu Dhabi and UAE governments to waive or reduce hotel and visa fees are expected to bolster the country’s important tourism sector and pave the way for more investments. In June the Abu Dhabi Executive Committee…

fake news

Towards a New Social Contract

The peaceful protests that swept the nation for a few heady days in mid-summer have sparked a real desire to change the Jordanian societal Contract. The most important observation to be made about the recent spontaneous eruption of anti-austerity protests…

refugee crisis

We Need a Time Out on Taxes

Further taxes and tax rises will only exacerbate the grave economic problems facing Jordan. During the mid-1970s and early 1980s, it was widely believed that Jordan suffered from the Dutch Disease, in that it had a strong currency but a…

investor interest

Capturing Investor Interest

The man responsible for boosting investor interest in Jordan is confident more FDI is on the way. According to the Central Bank of Jordan (CBJ), foreign direct investment in the Kingdom increased by 7.2 percent in 2017, reaching JD1,182 billion,…

Yahsat Delivers

Yahsat was founded in 2007 with a mission to connect people through satellite communications at an affordable price. “Social equality and economic security cannot be achieved without effective and affordable communication,” said Najat Abdulrahman, Executive Vice President of Global Strategic…

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…

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…

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…

Development

Banking on Development

The regional head of the European Bank for Reconstruction and Development, Heike Harmgart, explains why the EBRD has pledged to invest 1 billion euros in infrastructure projects in Jordan. The European Bank for Reconstruction and Development (EBRD) held its first annual meeting…