Tag: Iraq

IMF

Growth Against the Odds

Despite having to contend with regional turmoil and significant domestic challenges, the IMF’s Mission Chief for Jordan believes the Kingdom’s economy will keep expanding in 2017. By Dina al-Wakeel  It’s been a trying few years for Jordan’s economy. From raging…

The US State Department's Special Representative for Commercial and Business Affairs Ziad Haider

Bringing Business to Jordan

A senior US trade official says American companies can play a crucial role in the Kingdom’s economic development. By Dina al Wakeel Last month, The US State Department’s Special Representative for Commercial and Business Affairs, Ziad Haider, headed a major…

Minister of Finance Omar Malhas on Jordan's Economy in 2017

The Economy in 2017

Jordan’s Finance Minister, Omar Malhas, says the country will have to make some tough economic choices in 2017. By Dina Al Wakeel Jordan’s public debt now stands at almost 95 percent of GDP, and unemployment is running at around 16…

MEPS CEO Khaled Zakaria

Pushing Forward With E-Payments

The boss of MEPS says he’s committed to making regional e-payment systems safer and more convenient to use. Owned by 11 local and regional leading banks and companies, Middle East Payment Services, or MEPS for short, provides a selection of…

New Trade Deal to Boost Exports to EU

Jordanian exports to Europe are expected to rise following a newly-inked deal that relaxes rules of origin requirements. A new trade agreement between Jordan and the EU, which is based around relaxed rules of origin rules, will enable industries in…

Easing EU Exports

The EU says its new Rules of Origin agreement with Jordan will give the Kingdom’s exports a much-needed boost and help ease the impact of the Syrian refugee crisis.  By Dina Al Wakeel Hosting hundreds of thousands of Syrian refugees…

Jordanian Truck Drivers

Border Closures Costing Jordanian Truckers Millions

Jordanian truck drivers have lost approximately JD600 million over the past five years due to the closure of borders with Iraq and Syria, the Jordanian Truck Owners Association said. The association’s president, Mohammad al Dawood, said overland journeys by truck…

Iraqi Business Council President Majid Alsadi

In for the Long Haul

Despite cross-border trade disruptions and taxation worries, Iraqi Business Council President Majid Alsadi believes that Jordan remains an attractive long-term investment bet for his members. By Dina Al-Wakeel With investments worth over $14 billion spread across multiple sectors, it’s hard to…

Jordan Kuwait Bank: The Road Ahead

In an exclusive one-on-one, Jordan Kuwait Bank Chairman Abdul Karim Kabariti outlines his bank’s strengths and weaknesses, and explains how he plans to take the Kingdom’s third largest lender to the next level. By Dina Al-Wakeel Under the 20-year stewardship…

Housing Bank's new building

Banking on Success

The Housing Bank for Trade and Finance is building on its solid reputation to expand its retail and corporate business. Jordan’s banks are known for their resilience. The sector has been one of the main pillars that support the economy…