The pre-Covid global economy evolved over centuries. Economic prosperity initially was based on natural wealth in the form of raw materials, fertile lands, water and population. This is referred to as economic comparative advantage. National wealth was created through trading…
Jordanian truck drivers have lost approximately JD600 million over the past five years due to the closure of borders with Iraq and Syria, the Jordanian Truck Owners Association said. The association’s president, Mohammad al Dawood, said overland journeys by truck…
The Jordan Renewable Energy and Energy Efficiency Fund (JREEEF) said it has given the green light for the disbursement of JD25 million to provide financial and technical assistance to sustainable energy projects through to 2018. The fund, which is a branch…
As the government has learned from its deal with the IMF, ill-conceived economic reforms can often do more harm than good. By Khalid Wazani Economic reform is a process that should be evolutionary not revolutionary, gradual not instantaneous, comprehensive not…
The decision to slash electricity rates for hotels won’t do anything to solve the crisis in Jordan’s tourism sector. By Jawad J. Abbassi Jordan’s tourism sector plays an important role in the Kingdom’s economy. According to the Ministry of Tourism…
A concerted drive is underway to reinvigorate Jordan’s important tourism sector that has been shaken hard by regional instability. Jordan’s all-important tourism sector is having a rough time of late. According to the Jordan Tourism Board (JTB), the number of…
Luring desperately needed foreign direct investment to the Kingdom has never been easy. But the head of the new Jordan Investment Commission believes his team is up to the job. By Elisa Oddone In a bid to make investing in…
Worried about your future in the Middle East? If you’re wealthy enough, citizenship of a safer far away country is only a check away. By Elisa Oddone Keen to insure themselves against regional political and economic uncertainty, a growing number…
The Syrian civil war, coupled with the spread of ISIS, has so far cost countries in the region over $33 billion, according to a World Bank report. The policy research working paper quantifies the direct and indirect economic impact of…
Doctors in Jordan are warning of a looming public health crisis posed by antibiotic-resistant bacteria. By Elizabeth Whitman The recent horrifying Ebola outbreak has distracted us from what is potentially a much larger threat to global public health: antibiotic-resistant bacteria….