Despite facing a set of extraordinary external and internal challenges over the past several years, the Jordanian 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...
In addition to the one-stop shop, how is the JIC working with other entities to target foreign investors and streamline processes?
In 2016 the Central Bank of Jordan (CBJ) issued two rounds of sharia-compliant sovereign bonds for the first time in the country’s history. The first offering, released in May 2016, used a murabaha ( cost-plus financing) structure and was valued at JD75m ($105.5m). The sale successfully attracted JD205m ($288.3m) in bids from investors...
What strategy is being developed to grow self-sufficiency and reduce reliance on foreign aid?
Jordan is in the midst of ambitious fiscal and structural reforms that aim to consolidate financial stability and cut public debt after several years of economic slowdown. The past few years have seen GDP growth slide from more than 8% in 2007 to 3.1% in 2014. Although the IMF originally projected GDP growth would reach 3.5% in 2015, it...
Jordan’s King Abdullah II has publicly thrown his weight behind calls to strengthen the rule of law in the country, but while some view the effort as a necessary catalyst for fuller reform and democratisation, others have taken a more sceptical view. In October 2016 the king released the sixth in a series of discussion papers published since...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×