Tag: infrastructure

Jordanian Property Buyers in Dubai: the Reality Behind the Stats

Even though the statistics show Jordanians are snapping up millions of dollars worth of Dubai real estate, it doesn’t mean cash is flooding out of Jordan to do so. By Jawad J. Abbassi Dubai’s property market has rebounded well from…

Construction Woes

The head of Jordan’s contractors association says his members are starting to suffer due to a downturn in their sector. By Dina Al Wakeel According to the Department of Statistics, the number of building licenses issued during the first five…

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…

The 4G Fight Begins

With the recent issuance of a 4G license to Umniah, the battle for market share amongst Jordan’s big three mobile operators is set to get livelier than ever. Increased competition should prove a boon for consumers in terms faster Internet…

Nuclear Giving Way to Renewables Globally – Study

While Jordan is moving forward with its controversial nuclear energy program, a new study said solar energy added 26 percent more electricity to the global grid than nuclear last year. The latest edition of the World Nuclear Industry Status Report, which…

Easing Investment in Iraq

Momentum seems to be building behind Khaled Kanaan’s ambitious plan to break down barriers of entry into Iraq to promote greater cross-border trade, investment, and cooperation. But the prominent Jordanian businessman admitted that convincing more of his peers to bet…

Uber app

Uber Arrives in Amman

Uber recently launched its massively in-demand smartphone app in Amman, allowing passengers in the capital to hail a ride at the touch of a button. But will it encounter the same resistance as it has elsewhere? And with several other…

Climbing Up

In the World Economic Forum’s recently published Global Competitiveness Report 2014-2015, Jordan managed to improve its position, moving up from 68 to 64 out of 144 economies. Margareta Drzeniek, director and lead economist, Global Competitiveness and Benchmarking Network, tells Venture…

Setting Priorities in the Electricity Sector

Jordan’s struggling electricity companies should be more concerned with upgrading their grids than dishing out juicy dividends. By Jawad J. Abbassi Jordan’s electricity grid losses problem continued to mount in 2014. In the grids of Jordan Electricity Company and Irbid…