IFC, a member of the World Bank Group, is providing a debt financing package to Hikma Pharmaceuticals to help ensure smooth deliveries of medicines across the Middle East and North Africa amid the COVID-19 pandemic. The $200 million package is…
To Help Sustain Economies and Protect Jobs, the World Bank Group Increases COVID-19 Response to $14 Billion. The World Bank and IFC’s Boards of Directors approved an increased $14 billion package of fast-track financing to assist companies and countries in…
Doing Business 2020: Four Arab Countries Among World’s Top 10 Business Climate Improvers, and Jordan is one of them. Economies in the Middle East and North Africa region implemented the most reforms on record to ease doing business for domestic small and…
Pioneering Study Examines How Private Sector Can Help Refugees in Africa, Middle East. Refugee communities can be further supported by the expansion of formal financing and business opportunities, and increasingly investors, businesses and local communities are interested in participating or…
King Hussein Business Park (KHBP) becomes the first Jordanian institution to achieve EDGE Certification for Sustainability and Green Building. King Hussein Business Park announced that its main Headquarters building has been awarded the “EDGE – Excellence in Design for Higher…
An important new global knowledge index highlights the areas where Jordan is excelling and struggling. According to the first edition of the Global Knowledge Index (GKI), which was recently set up by the Mohammed Bin Rashid Al Maktoum Knowledge Foundation…
A national drive to boost support for Jordan’s SMEs is gaining pace, spearheaded by increased access to finance and plans to garner a more business-friendly operating environment. In June the World Bank and the Central Bank of Jordan (CBJ) announced…
Five years since its creation, the Jordan Strategy Forum (JSF) is still advocating hard for Jordan’s business community. By Dina Al-Wakeel Established in the wake of the Arab Spring, the Jordan Strategy Forum helps the private sector engage in dialogue…
The government is looking to reduce its debt burden and jumpstart the economy through a combination of budgetary adjustments, a new medium-term economic strategy, and international aid agreements. In mid-May, the Cabinet announced its decision to cut this year’s JD8.8…
The regional head of the World Bank says his organization stands ready to help Jordan meet its potential. As well as Jordan, Merza Hussain Hasan oversees World Bank projects in Bahrain, Egypt, Iraq, Kuwait, Lebanon, Libya, the Maldives, Oman, Qatar,…