Jordan

The country’s insurance sector is continuing to see steady growth despite difficult economic conditions and the burden of underwriting unprofitable motor insurance. In 2011 demand increased across all segments, particularly medical, fire and life. Indeed, the life insurance segment is seen as having one of the highest potentials for growth, due to its relatively low penetration compared to other...

Following four difficult years, 2012 looks set to be a turning point for the stock exchange as institutions and investors ready themselves for a stronger climate of investment and growth. In 2011, Jordan’s capital markets continued to suffer from wider regional and domestic events as investors’ fears were stoked by low economic growth, a tightening of fiscal spending and high interest rates. More...

Jordan’s banking sector emerged from the global economic crisis in good health, providing much needed economic stability throughout 2011. Of the 17 banks that had declared year-end results for 2011 by March 2012, all reported positive net profits, and sum profit across these banks increased by nearly 25% on 2010. While the sector faces challenges in the form of increasing rates of non-performing...

As the economy faces short-term challenges of low growth and a tight fiscal position, preparation is under way to support long-term recovery and lay foundations for the encouragement of investment as new sectors open up, notably in infrastructure and energy. Jordan faces several short-term challenges it must overcome to lay the foundations for when growth is expected to pick up from 2013. It must...

Includes information about Jordan’s geography, climate, population and demographics. The chapter also provides an overview of the kingdom’s natural resources, politics and government.