The Hashemite Kingdom of Jordan is widely seen as a pillar of stability in a region that has been disrupted by conflict in recent years. Despite challenging surroundings, Jordan has managed to maintain efficient political workings and positive economic growth. As a country with scarce natural resources but a highly educated population, the kingdom aims to become a regional leader in sectors...
The Middle East Economy
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Chapter | Country Profile from The Report: Jordan 2018
As ongoing volatility continues to hamper growth in the region, Jordan has made significant progress in preserving macroeconomic stability and reducing its fiscal deficit in the past few years. Efforts to the fulfill the stipulations of a $723m extended fund facility agreement with the IMF continue, and the government may need to pursue more widespread reforms to increase income tax revenues and limit tax avoidance so as to sustain recent momentum.
Although Bahrain has faced economic headwinds in recent years, the modest recovery of oil prices in 2017 bodes well for the future in addition to the non-oil sector driving growth, with activities unrelated to hydrocarbons extraction forecast to expand by 3.9% in 2018.
The guide contains listings of some of the leading hotels and resorts in Bahrain, and contacts for important government offices and services. It also contains useful tips and information for first-time or regular visitors.
The kingdom of Bahrain, renowned for its open markets and one of the most vibrant financial industries in the region, has faced economic headwinds in recent years. Lower oil prices have affected the many corporates that have chosen Manama as a base for their regional operations, and a stubborn fiscal deficit has resulted in a record-high level of public debt. The government has responded with...
Chapter | Country Profile from The Report: Bahrain 2018
For much of its history Bahrain was the name for the eastern coast of Arabia. Bahrain means “two seas” in Arabic, and although it is unclear which two seas the name refers to, it has recently come to identify the 33 natural islands of the Awal archipelago. The first notable inhabitants of the region were the Dilmun civilisation, approximately 6000 years ago, but throughout history its...