The Middle East Economy

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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,...

Ongoing regional conflicts have continued to place significant pressures on Jordan’s economy in the past year. Tourist revenues have been particularly affected while the closure of key trade routes with neighbouring countries has also taken its toll. According to the IMF, however, Jordan has done well despite the effects of regional instability. This is largely due to a recovery in industry...

According to the Department of Statistics Jordan’s population, swelled largely by refugees arriving from Syria, reached 6.68m at the end of 2014, with Syrian refugees constituting 20.8% of the total. Jordan, however, continues to be a bulwark of stability in the region. This is largely down to the ongoing process of political reform which has been in motion since King Abdullah II ascended to...