Tag: Growth

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…

refugee crisis

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…

A Necessary Loan

As Jordan’s $2 billion dollar stand-by arrangement with the world’s lender of last resort comes to an end, the International Monetary Fund’s mission chief for Jordan Kristina Kostial said the Kingdom has by and large stuck to its promise of…

Lending to the Little Guy

The growth of small and medium businesses continues to be hindered by a lack of access to finance. But could recent initiatives change this? By Jane Hosking Growing an SME without access to finance is no easy task. Just ask…

iMENA Group Invests in Real-Estate Technology House, JRD Group

iMENA Group, the leading operator of online businesses in the MENA region, today announced that Dubai-based technology enterprise, JRD Group, is a new member of its growing platform. JRD recently received an investment from iMENA which the company plans to…

refugee crisis

Economic Reform: Are We on the Right Track?

As the government has learned from its deal with the IMF, ill-conceived economic reforms can often do more harm than good. By Khalid Wazani Economic reform is a process that should be evolutionary not revolutionary, gradual not instantaneous, comprehensive not…

Hikma Acquires Roxane Laboratories

In a move that is set to transform its position in the US generics market, Hikma Pharmaceuticals has announced that it is acquiring Roxane Laboratories for JD1.88 billion ($2.65 billion) in cash and stock. Hikma, which was one of a number…

GDP to Grow 4 Percent in 2015 – QNB

Despite a difficult regional context, the Qatar National Bank (QNB) Group said it expected Jordan’s real GDP growth to reach 4 percent over 2015, accelerate to 4.3 percent in 2016, and 4.5 percent in 2017. Jordan’s economy would continue to…

Sailing Ahead

Despite regional turmoil, Maersk Line’s Anne Gronbjerg says Jordan continues to show promise. The Maersk Line service that stops off at the Port of Aqaba has faced many challenges over the years. But Anne Gronbjerg, the Danish shipping giant’s managing director for…