Arabia Trading & Consulting (ATC – an Arabia Group company), a leading Jordanian utility-scale solar developer, has announced it has reached financial close for its second solar project in Jordan, further cementing its commitment towards supporting Jordan’s renewable energy ambitions…
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…
Jordan’s Finance Minister, Omar Malhas, says the country will have to make some tough economic choices in 2017. By Dina Al Wakeel Jordan’s public debt now stands at almost 95 percent of GDP, and unemployment is running at around 16…
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…
The expansion of Jordan’s renewable energy sector has seen a marked acceleration in recent years. Nearly 1,000 MW of solar and wind projects are currently being implemented across Jordan. These developments dovetail with a national strategy aimed at raising the…
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…
We could just sit on the huge savings we’re making from plunging oil prices. Or we could plough them into developing renewable energy sources that reduce our reliance on expensive and polluting fossil fuels. A quick calculation of the savings…
Day one of Solar & Wind Projects Jordan conference at Sheraton Amman Al Nabil Hotel brought together government authorities, investors, developers, consultants, EPC contractors, financiers, legal firms and technology providers to discuss future plans, regulatory updates, procurement models and construction…