While most business activity in Jordan is still concentrated in and around Amman, as the only sea¬port city in Jordan, Aqaba plays an important role in the country’s economy. Since the decision to turn the coastal port city and its surroundings into a special economic zone was announced in 2001, it has grown in significance as an economic base and a tourist destination. Aqaba borders both...
Economy
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Macroeconomic growth hit a 25-year low in 2016 as ongoing regional volatility continued to constrain trade, exports and investment. The Syrian refugee crisis has exacerbated existing pressures on fiscal stability and social infrastructure, while public debt has been on an upward trend as the government attempts to cover the costs associated with hosting over 500,000 refugees. However, 2016 may...
Chapter | Country Profile from The Report: Jordan 2018
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 kingdom aims to become a regional leader in sectors...
As ongoing volatility continues to hamper growth in the region, Jordan has made significant progress in preserving macroeconomic stability and reducing its fiscal deficit in the past few years. Efforts to the fulfill the stipulations of a $723m extended fund facility agreement with the IMF continue, and the government may need to pursue more widespread reforms to increase income tax revenues and limit tax avoidance so as to sustain recent momentum.
This chapter offers suggested hotel listings for business and leisure travellers, and contact numbers for a variety of local services and associations. It also offers useful tips for first-time visitors to the country.
Chapter | Trade & Investment from The Report: Myanmar 2018
Trade and investment has expanded rapidly in Myanmar since 2011, bolstered by economic liberalisation, legal reforms, a large untapped domestic market and a favourable geographic position bordering Bangladesh, China, India, Laos and Thailand, which together comprise 40% of the world’s population. However, several factors weigh on 2018’s investment outlook, including ambiguous legislation and...