Blog: Economy

IMF Lowers Jordan’s GDP Growth Projection to 2.9% This Year

AMMAN — The International Monetary Fund (IMF) has for the third time this year revised its growth forecast for Jordan’s economy, expecting it to grow by 2.9 per cent in 2015.

In May of this...

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Government Signs $250m Soft Loan Agreement with World Bank

AMMAN — Jordan and the World Bank signed a soft loan agreement worth $250 million based on the Finance Ministry’s financing requirements and the endorsed budget, the Planning and International...

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Jordan Attends IMF, World Bank Peru Meetings

AMMAN — Minister of Planning and International Cooperation Imad Fakhoury and Minister of Finance Umayya Toukan left the Kingdom to attend the annual meetings of the World Bank and the...

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Forum to Encourage Industrialists to Rely on Renewable Energy

AMMAN – Shifting the industrial sector’s energy consumption trends will be the highlight of a forum slated to be held later this year in a bid to encourage better utilisation of renewable power....

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Government Pushes to Simplify Approvals for Businesses

AMMAN — Simplifying and facilitating business procedures is a priority for the government, Industry, Trade and Supply Minister Maha Ali told secretary generals of ministries and...

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Investment Commission Highlights Importance of US Technical, Financial Support to Jordan

AMMAN — Technical, financial and economic help from the US contributed to economic development in the Kingdom, Jordan Investment Commission (JIC) President Montaser Oqlah said.

According to...

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Kingdom to benefit from Hanergy’s groundbreaking energy technologies

AMMAN — His Majesty King Abdullah on Wednesday visited the headquarters of Hanergy Holding Group, a Chinese mega company specialised in alternative and renewable energy.

During the visit,...

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Jordan calls for enhancing inter-Arab trade

AMMAN — Jordan participated in the 96th session of the Arab Economic and Social Council, according to a Ministry of Industry, Trade and Supply statement released Saturday.

Speaking at the...

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Jordanian Renewable Energy Project Wins 2015 Energy Globe National Award

AMMAN — A large-scale industrial solar thermal system project implemented by a Jordanian company in Cyprus has won the 2015 Energy Globe National Award, granted by Austria.

Implemented in...

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Envoy: U.S. will Support Jordan to Achieve Economic Progress

AMMAN-- Jordanian Businessmen Association (JBA) President, Hamdi Tabbaa, Sunday called for founding a Joint Jordanian-American Business council to explore wider prospects for joint cooperation...

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