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...
Jordan
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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...
Chapter | Country Profile from The Report: Jordan 2012
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.
Economic update | Jordan: Highlighting tourism
22 Jun 2012
Boosting growth in the tourism sector is high on the government’s agenda for 2012, and country officials are working to display the country’s myriad entertainment offerings in a variety of high-profile events even amidst ongoing regional instability.
Economic update | Jordan: Bank profits up
19 Jun 2012
Although the IMF argued in a recent study that economic growth in Jordan will likely remain “subdued” over the coming year, it also made note of a few sectors supporting economic expansion. Banking in particular was highlighted, with the IMF stating that the banking system remains one of the economy’s strongest industries.
Economic update | Jordan: Mining matters
5 Jun 2012
Jordan’s mining sector has a promising outlook for the coming year, and not just in the sector’s traditional segments such as phosphate and potash, but in newer areas of extraction as well. As profits for established mining companies grow, so do opportunities in shale oil and uranium extraction.