Although the sultanate’s petroleum wealth has traditionally provided a backbone for growth, efforts are well under way to diversify away from hydrocarbons. Oman Vision 2020 has laid out plans to boost industrialisation within the sultanate and to encourage the private sector to take a more active role in the economy and in the provision of jobs, both of which are billed as key drivers for growth.
The growth of Jordan’s insurance industry reflects the maturation of the nation’s economy since independence in 1946. While the industry showed resilience during the global economic crisis, posting a rise in gross written premiums (GWPs) from 2008-09, competition within the sector is high. With 27 companies currently operating, achieving sustained profitability is a challenge for many of the...
After the turbulence of recent years, indicators are positive for Jordan’s capital markets. The Amman Stock Exchange (ASE) Free Float Index showed a 5% year-on-year increase in 2013, while the value of traded shares reached JD3bn ($4.2bn) in 2013, up from JD2bn ($2.82bn) in 2012. The ASE, with its total of 237 listed companies, reflects the diversity of Jordan’s economy. The recent...
The guide contains listings of some of the leading hotels and resorts in Jordan and contacts for important government offices and services. It also contains useful tips and information for business and leisure visitors alike.
The IMF has forecast Jordan’s GDP to expand by 3.5% in 2014 and the government remains committed to tackling long term structural issues in the economy including reducing the fiscal deficit. The role of the private sector is being boosted, particularly with regard to government support for SMEs. Stronger economic ties with Iraq have led to proposals for a Basra-Aqaba pipeline and this, along...
The past several years have seen significant changes in Jordan, with the population reaching 6.64m in 2014, swelled in part by refugees from neighbouring Syria and Iraq. Jordan, however, remains stable as it moves ahead with home grown and sustainable political reforms that look to establish lasting building blocks for democracy. In September 2014 King Abdullah II of Jordan re-iterated his...
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