One of the biggest challenges facing Jordan is keeping up with the rapidly increasing demand for energy, as it continues to grow economically. Energy demand over the past four years increased rapidly after the population grew by an enormous 20% due to the Syrian refugee influx. Sabotage attacks in Egypt halted Egyptian gas supplies to Jordan,...
While Jordan has few oil and gas resources of its own, it does have an abundance of several key natural resources that can potentially be used to produce energy. One of these is oil shale, the sedimentary rock that underlies around two-thirds of the kingdom’s territory – giving Jordan one of the largest deposits of this material anywhere in the world. Oil shale can be...
Unlike its neighbours, Jordan has never had a large oil and gas sector. While Iraq and Saudi Arabia have major hydrocarbons industries, the fields on which these are based seem to barely touch the kingdom, with Jordan thus in the unenviable position of having to import almost all of its oil and gas needs. Yet while small, Jordan’s oil and gas sector still makes a vital...
Jordan’s insurance industry is at something of a crossroads. Having shown its ability to grow in a trying economic environment, the sector’s future expansion is challenged by increasing competition and a significant change in the regulatory framework by which it is governed. The optimism which currently surrounds the industry is derived from the growth prospects of the...
Arab Bank was founded in 1930 in Jerusalem and was the first private banking institution in the Arab world. In 1948 the bank moved its headquarters to Amman after the start of the Arab-Israeli conflict, where it was officially incorporated as a public shareholding company. In 1978 the bank was the first company to be listed on the Amman Stock Exchange (ASE). With a sound...
Established in 1960 in Jordan, the Bank of Jordan (BOJX) has evolved into a key player in the Jordanian banking sector. The bank is a medium-sized institution with 67 branches in Jordan, 14 in Palestine, and a subsidiary in Syria.
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