I. NEW COMPANIES LAW: On November 29, 2012 Kuwait received welcome news through publication in the Kuwait Official Gazette that the highly anticipated New Companies Law (NCL) had been issued as Law No. 25 of 2012. Amendments to the NCL were also recently introduced as they were passed by Kuwait’s...
Oil production retains its key role in the economy, however plans are under way to encourage diversification away from hydrocarbons towards an economy that is more knowledge based. The political climate has been characterised of late by a number of disputes, often resulting in either the resignation of the government or the dissolution of parliament, which has contributed to the slow progress of some projects.
The government of Jordan has been working to achieve economic stability through encouraging investment, particularly foreign investment. The kingdom’s legal framework not only creates a secure environment for investors and encourages investment in specific sectors through various incentive and benefit schemes, but also provides a well-structured and...
The past several years have seen significant changes in Jordan. The state is pushing ahead with structural reforms that should provide a sound base for future development, as the economy shows signs of a brisk recovery from the difficult years it has faced in the wake of the global financial crisis.
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