The Middle East Economy

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Dependent on energy imports and constrained by regional instability, Jordan’s ability to deliver critical projects has been limited in recent years. However, with developments planned across a host of sectors in the medium term, the government is working to increase private sector participation in projects ranging from renewable energy to...

 

The economy looks set to continue its positive trajectory in 2015, with the IMF praising the kingdom for its resilience in the face of challenging external factors, forecasting GDP growth of 2.5% and 4% over the medium term, from 3.1% in 2014. Fiscal space freed up by lower oil prices will help support expansion, with construction, mining,...

 

THE BOULEVARD ARJAAN BY ROTANA PO Box 926495 Amman 11190 T: (+962) 6520 4444 F: (+962) 6520 4555 www.rotana.com/arjaanhotelapartments Boulevard.arjaan@rotana.com Rooms: 391 fully furnished hotel apartments, ranging from studios to penthouses. Business & Conference Facilities: Three up-to-date meeting rooms equipped with the latest audio-...

 

The final draft of a new economic programme will set a new path for socio-economic development in Jordan, as part of a wider 10-year blueprint launched in May 2015. Jordan 2025 (also known as Vision 2025) − which was presented by King Abdullah II ibn Al Hussein and Prime Minister Abdullah Ensour − aims to revitalise the economy by targeting...

 

Despite facing considerable external and domestic headwinds, Jordan’s economy remains resilient, and growth projections for 2015 are positive, with the World Bank forecasting real GDP growth to come in at 2.5%. Over the past five years, the kingdom has been saddled by a rising energy bill and existing challenges have been exacerbated by...

 

Home to sizeable reserves of clay, limestone and sand, but few petroleum resources and fewer than 500,000 residents, Ras Al Khaimah holds a unique position among the UAE’s seven emirates, maintaining a less frenetic pace of life even as its GDP growth rises above the national average.

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