Tag: Saudi Arabia

Renewable Energy

Green Investment Growth

Regulatory reforms introduced last year should soon begin attracting investors to help carry out large, state-led projects, particularly in the field of renewable energy. The Regulation for Organizing Non-Jordanian Investments No. 77, passed in June, eased capital requirements and other…

Mirek Dusek, the head of MENA for the WEF

WEF: Meeting of Minds

The MENA edition of the World Economic Forum (WEF) returns to Jordan this month with a theme of enabling generational transformation. By Dominika Bzduchova Hundreds of top decision-makers from around the world will meet at the Dead Sea on May…

Dr. Meteb Wrekat, the director of the Ministry of Health’s Medical Tourism Directorate

A Shot in the Arm: Keeping Medical Tourism Competitive

Jordan remains an important medical tourism market, a reputation that can be maintained if the government tackled the big issues facing the sector. With no less than 65 private hospitals, many boasting cutting edge facilities and first-rate physicians, Jordan has…

Jordanian entrepreneurs at the launch of an Endeavor survey

Most Jordanian Businesses Want to Relocate – Survey

Most companies in the Kingdom are considering relocating abroad, according to a new survey from Endeavor Jordan, the business mentorship group. Of the 125 companies surveyed, 72 percent said they were considering moving their headquarters abroad. Of these, over half…

Anthony El-Khoury, Uber’s Middle East manager

Uber: Legal at Last?

Uber says new legislation could be imminent to finally regulate Jordan’s fast growing ride-hailing sector. By Dina al Wakeel Ride-hailing services have had anything but an easy ride since they first began shaking up Jordan’s creaky transport sector around two…

Jordanians Coming back from the Gulf

Readying for an Expat Exodus

Many thousands of Jordanian expats working in the Gulf face an uncertain future as low oil prices begin forcing GCC governments to cut spending. Just how prepared is Jordan for their potential return? By Mothanna Gharaibeh Following the energy sector…

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…

Towards a Steady but Unspectacular 2017

While it’s unrealistic to expect fireworks from Jordan’s economy in 2017, boosting capital investment and launching more PPP projects should help achieve respectable levels of growth. After almost six years of stagnation, the global economic outlook for 2017 still looks…

Arab Bank

Jordanian Investors Poised to Buy Saudi Oger’s Stake in Arab Bank

A Jordanian consortium has lodged a bid for Saudi Oger’s 20 percent stake in the Arab Bank after Saudi Arabia’s Fawaz Alhokair family withdrew its own $1.1 billion offer, Reuters reported citing banking sources. A deal with investors led by…

vision 2030-Saudi Arabia

Venture Explains: Saudi Arabia’s Vision 2030

What is it? Plunging oil prices since mid-2014 have pushed Saudi Arabia to produce Vision 2030, a far reaching reform plan unveiled earlier this year that aims to wean the kingdom’s economy off its reliance on oil, which the government…