Though it lacks the petroleum resources of many of its Arab neighbours, Jordan’s limited hydrocarbons have helped its energy industry become one of the most progressive and dynamic in the region. Development of renewable and nuclear energy is set to significantly boost domestic capacity and reduce the kingdom’s fuel bill in the coming years. The emphasis on renewables should help Jordan...
The financial services sector is one of the most robust and mature in Jordan, remaining resilient in the face of significant external volatility and retaining its role as a driver of economic growth in 2015. The banking sector in particular has been a major source of strength, with the Central Bank of Jordan maintaining a pro-growth monetary stance, following on from growth in deposits and...
Despite facing a set of extraordinary external and internal challenges over the past several years, Jordan’s economy remained resilient in 2015. Although GDP growth fell to a six-year low as the kingdom grappled with a rising refugee population and regional volatility, the banking and industrial sectors continued to record a positive performance. The dissolution of Parliament in May 2016 led...
The Hashemite Kingdom of Jordan is located in the heart of the Middle East, in a region that is often termed the Levant. Its neighbouring countries include Iraq to the east, Saudi Arabia to the south, Israel and Palestine to the west and Syria to the north. In all, Jordan covers 89,342 sq km of land and shares 1635 km of land border with Israel, Palestine, Iraq, Saudi Arabia and Syria. In the...
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This chapter contains an overview of the tax framework within which local and international investors operate in Jordan, including a look at a newly enacted corporate income tax, a rundown of the incentives on offer to encourage free zone investment and an explanation of the social security law amendment.
This chapter contains a viewpoint with Bishr Baker, Managing Partner, EY,...
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