When faced with heightened U.S. tensions or an extension of sanctions down through the years, Iran frequently threatened to shut down the strategic Strait of Hormuz shipping route. Amid the current tensions, Iran’s top general once again made the threat in late…
Many thousands of Jordanian expats working in the Gulf face an uncertain future as low oil prices begin forcing GCC governments to cut spending. Just how prepared is Jordan for their potential return? By Mothanna Gharaibeh Following the energy sector…
Even with the challenges posed by low oil prices and an ongoing emission scandal, Audi Volkswagen’s regional chief Benoit Tiers predicts a bright future for his brand in the region. By Ghaith Madadha With sales of 11,000 cars, Audi said…
The World Bank said Jordan’s GDP should reach 3 percent in 2016, up from 2.4 percent in 2015, which was the slowest pace of growth in four years. In its latest MENA Economic Report, the bank said the rise in…
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…
Last year Sharjah-based low-cost carrier Air Arabia made Amman its fifth hub through a 49 percent acquisition of Petra Airlines, which was then relaunched as Air Arabia Jordan. On the sidelines of the recent Arab Aviation and Media Summit in…
Saxo Bank, the online multi-asset trading and investment specialist, has today released its annual set of ‘Outrageous Predictions’ for the year ahead. These are 10 unlikely, yet perhaps underappreciated, events that could have significant consequences on the financial landscape as…
Everyone agrees the coming year will be a tough one for the region’s economies. But some countries will fare much better than others because their decision makers were bold enough to seek out new opportunities and act upon them. By…
In a sign the Kingdom’s aviation sector is successfully wooing coveted frequent flyers, Royal Jordanian’s Crown lounge at Queen Alia International Airport (QAIA) was named the best in Africa and the Middle East at the Priority Pass Airport Lounge of…
Jordan has signed multimillion dollar funding deals for a wide array of new infrastructure projects. But not everyone is happy about who gets to build them. Jordan has inked more than $600 million worth of funding agreements in recent months,…