While Jordan has had some success in meeting the requirements of its $2bn stand-by arrangement with the IMF, fulfilling its promise to lower electricity subsidies as part of a larger plan to reduce losses at the state power utility and improve the government’s fiscal position is proving more of a challenge.
Developing stronger ties between Jordan and Iraq was among the topics of discussion at the latest World Economic Forum (WEF) on the Middle East and North Africa, which was hosted by the Kingdom in May.
While motor coverage is a low-profit line of business in many countries, Jordan has seen this segment of the insurance market make headlines in 2013, with industry players suggesting that without significant changes, the sector as a whole could face serious challenges.
A double pipeline that will channel oil to Jordan from Iraq is expected to play a key role in the Kingdom’s efforts to diversify and strengthen its energy sources.
A billion-dollar pipeline project, which should be completed within the next three months, is set to play a key part in helping Jordan tackle its water security issues.
Despite a rebound in tourism revenues last year, the sector continues to face a difficult operating environment with both regional instability and the potential for increased government taxation weighing it down.
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