Oman, located on the south-eastern end of the Arabian Peninsula, is the only member of the GCC located outside the gulf. Leveraging its strategic location on the Strait of Hormuz, the government is ramping up infrastructure investment in line with the sultanate’s goal of establishing itself as a global logistics centre. Oman Vision 2020, the country’s long-term development plan, emphasizes the...
The Middle East Economy
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Chapter | Country Profile from The Report: Oman 2016
Oman’s long history of political stability coupled with its favorable international trade agreements and special economic zones has ensured strong growth in economic output and exports in recent years. The fall in global prices is undoubtedly a concern for the sultanate, but the sustained focus on diversification schemes, as well as the country’s ongoing spending commitments on big-ticket projects should ensure steady growth moving forward.
Chapter | Table of Contents from The Report: Jordan2015
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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...
Chapter | Country Profile from The Report: Jordan2015
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...