Tag: Growth

Taking the Rough with the Smooth

Volatility will likely loom over the region’s economy in 2016, but so will opportunity. By Nader Museitif Next year seems to be set for a rough start as several chronic drivers of volatility and slowdown start to bite. Chief among…

Several International Brands Planning to Pull Out of Jordan

Several international clothing brands are preparing to leave Jordan due to falling sales in a retail market increasingly weighed down by rising taxes and reduced disposable income among consumers, the head of the Textile and Ready-Made Garments Syndicate said. While…

Fintech and the Future of Banking

Fast growing fintech firms are forcing traditional brick-and-mortar lenders to adapt to new realities in the banking sector. By Zeid Nasser The term Fintech, which is short for financial technology, has emerged over the past few years to describe Internet-driven…

Time to Build

Jordan has signed multimillion dollar funding deals for a wide array of new infrastructure projects. But not everyone is happy about who gets to build them. Jordan has inked more than $600 million worth of funding agreements in recent months,…

investment

Budget 2016: The Numbers Don’t Add Up

The forecasts contained within the government’s recently-unveiled 2016 budget bill fail to convince. By Khalid W. Wazani The government has yet again built a budget based on unrealistic assumptions. In 2016, the government expects a real growth rate of 3.7…

Liwwa: Looking to Lend More

After securing a crucial round of funding from investors, CEO of peer-to-peer lender liwwa says he’s ready to further expand the platform’s reach across the region. By Jane Hosking The region’s SMEs have long had a hard time securing finance,…

investment

Budget Expectations

Whatever the government unveils in next year’s budget, policy makers should produce an economic blueprint that balances realism with ambition. By Khalid W. Wazani The government is due to unveil the details of its 2016 budget next month. The experience…

Sun Shines on Jordan’s EV Dream

With a deal in place to fit thousands of solar-powered charging stations around Jordan, the Kingdom looks set to embrace the electric car. By Laith Abou-Ragheb It might not seem obvious at the moment, but Jordan is gearing up for…

investment

The Refugee Crisis: Don’t Forget Jordan

Europe’s refugee crisis shouldn’t blind the international community to the heavy economic toll the Syrian conflict is having on Jordan. By Khalid W. Wazani Two years ago, the Ministry of Planning and International Cooperation joined forces with the United Nations…

Nissan Kicks Up a Gear

Despite tough operating conditions, Nissan Middle East has been notching up record sales. By Ghaith Madadha Nissan Middle East sold a record-breaking 219,129 units in the 2014 financial year, up 3.3 percent on 2013. In Jordan, it managed to shift…