Economic Updates: Jordan

Jordan: High hopes for oil shale potential

The Middle East | 13 May 2013

Harnessing new technology to extract Jordan’s oil shale reserves could help reduce reliance on imported hydrocarbons as well as enhance energy security.

Jordan: GDP gathering momentum

The Middle East | 30 Apr 2013

Following GDP growth of 2.8% in 2012 according to IMF numbers, up slightly on 2011, Jordan is working to maintain similar expansion this year, despite a drop in foreign grants and a simultaneous rise in its energy bill.

Jordan: US bond guarantee to ease rates

The Middle East | 15 Apr 2013

A US offer to back Jordanian bond issues may help lower the Kingdom’s borrowing costs and boost confidence in the country’s securities, which has been dented by regional instability that has slowed economic growth.

Jordan: Looking to bonds for lending

The Middle East | 1 Apr 2013

A government decision to access funding via the bond market could pave the way for banks to increase lending to the private sector.

Jordan: Transport holding steady

The Middle East | 18 Mar 2013

With the ongoing expansion of the port and container terminal at Aqaba and the new terminal at the Queen Alia International Airport, there is a sense of cautious optimism in the kingdom’s transport and logistics sector.

Jordan: Construction building in Aqaba

The Middle East | 4 Mar 2013

Large-scale overseas investments, combined with increased state spending on infrastructure projects, has resulted in the Jordanian construction industry shifting its focus from the capital Amman, which had long been the centre of building activity, to the port city of Aqaba.

Jordan: Energy price rises inevitable

The Middle East | 18 Feb 2013

Ongoing energy concerns continue to plague Jordanian manufacturers despite an overall resilient performance from the sector in 2012. As the country grapples with slow economic growth, subdued international investment and a mounting public budget deficit, industrialists are working to combat a new wave of electricity tariffs that have already contributed to a rise in production costs.