Despite having to contend with regional turmoil and significant domestic challenges, the IMF’s Mission Chief for Jordan believes the Kingdom’s economy will keep expanding in 2017. By Dina al-Wakeel It’s been a trying few years for Jordan’s economy. From raging…
Saxo Bank said Jordan can significantly cut its energy costs over the coming years by relying extensively on Liquefied Natural Gas (LNG) and solar power, whose prices continue to go down. “The main thing for gas in the coming years…
It’s only been up and running for around a year, but Aqaba’s LNG terminal has already proved itself indispensable to Jordan’s vital energy diversification drive. By Dina al Wakeel With several renewable energy projects under construction and a nuclear plant…
The Housing Bank for Trade and Finance is building on its solid reputation to expand its retail and corporate business. Jordan’s banks are known for their resilience. The sector has been one of the main pillars that support the economy…
On paper, record low oil prices should prove to be an economic bonanza for an emerging market energy importer like Jordan. But what’s the reality? By Dina al-Wakeel In 2011, just when it was trying to get back on its…
Marc Lepièce, general manager of the power and gas division of global engineering consultancy Tractebel, said his company is proud of its 10-year cooperation with Jordan crowned by the construction of the country’s gas transmission network. Now Brussels-based Tractebel is…
Whatever the government unveils in next year’s budget, policy makers should produce an economic blueprint that balances realism with ambition. By Khalid W. Wazani The government is due to unveil the details of its 2016 budget next month. The experience…
They’ve been painful, but there are signs subsidy cuts may have started to bear fruit. The Jordanian government’s decision in 2012 to begin a phased withdrawal of electricity subsidies was undoubtedly a good one from the point of view of…
Despite a difficult regional context, the Qatar National Bank (QNB) Group said it expected Jordan’s real GDP growth to reach 4 percent over 2015, accelerate to 4.3 percent in 2016, and 4.5 percent in 2017. Jordan’s economy would continue to…
What are they? Leviathan and Tamar are two vast Israeli offshore gas fields. The former, discovered in 2010 off Israel’s Mediterranean coast, is the world’s biggest offshore gas find of the past decade. Why should we care? Though any agreements…