In the June 2017 Jordan Economic Monitor report co-sponsored by the Ministry of Planning and International Cooperation, the World Bank reported that the country’s green energy segment holds considerable potential to reduce fiscal, economic and environmental vulnerabilities. In addition to the adoption of climate-friendly fiscal policies and...
The Hashemite Kingdom of Jordan is widely seen as a pillar of stability in a region that has been disrupted by conflict in recent years. Despite challenging surroundings, Jordan has managed to maintain efficient political workings and positive economic growth. As a country with scarce natural resources but a highly educated population, the...
Bahrain’s sharia-compliant insurance industry has developed rapidly in the years following the turn of the century. According to a report by multinational professional services firm EY, in 2001 takaful (Islamic insurance) accounted for 3% of the sector’s gross written premium (GWP), but by 2016 it had expanded to capture nearly a...
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Bahrain’s Bankruptcy and Composition Law, promulgated by Legislative Decree No. 11 of 1987, aims to establish a balance between creditor and debtor interests. Honest and unfortunate merchants who suspend payment of their commercial debts are eligible to file for bankruptcy and conclude a conciliation with their creditors. The law also protects...
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