Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Oxford Business Group releases its 2016 report on Jordan  Join our daily free Newsletter

MENAFN - Jordan News Agency - 11/01/2017
No. of Ratings : 0
Add to Mixx!


(MENAFN - #Jordan News Agency) Amman, Jan.11 (Petra) -- Oxford Business Group (OBG), revealed in its newly published report Jordan's efforts to tackle challenges it faces through far-reaching fiscal reforms .

The #Jordan 2016 report highlights His Majesty King Abdullah II 's efforts to boost the country's economy through various investment programs and his calls to strengthen the rule of law in the Kingdom.

The report said that despite facing a set of extraordinary external and internal challenges over the past several years, the Jordanian economy remained resilient in 2015. Although Gross Domestic Product (GDP) growth fell to a six-year low as the Kingdom grappled with a rising refugee population and regional volatility, the report said that banking and industrial sectors continued to record a positive performance.

It also focused on Jordan's industrial sector saying it continues to grow, with phosphates and potash, chemicals and pharmaceuticals, and textiles and garments all seeing expansion in both net profits and volume in 2015. These segments, the report revealed, have grown in the face of global economic headwinds and in a region directly affected by major geopolitical tensios demonstrates the sector's resilience and ability to adapt.


The report explained that the government, which sees the industrial sector as vital to the Kingdom's long-term development plans, has also been actively helping manufacturers and heavy industry through incentives and promotional campaigns, to provide support for this sector.

It revealed that the retail sector has shown consistent growth in recent years, with its contribution to GDP reaching JD1.13bn (1.6bn) in 2015, up from JD11.4bn (15.5bn) in the previous year, or around 10% of the total, the report explained.

The new report provides an overview of the legal framework in which local and foreign investors operate in Jordan, including an outline of sectors in which foreign ownership is restricted and a look at recently promulgated legislation for public private partnerships.

The report includes wide ranging interviews and viewpoints of a number of leading financial figures, such as Finance Minster Omar Malhas, Minister of Planning and International Cooperation, Emad Fakhoury, the Central Bank Governor, Ziad Fariz and others.

S Kh
11/1/2017 - 11:35:03 AM

 


Jordan News Agency




  MENA News Headlines
 Apr 29 2017 - A NATO without Turkey would be weak: Alliance chiefTrend News Agency
(MENAFN - Trend News Agency ) The head of NATO has warned that a NATO without Turkey would be weak, Anadolu reported. "Without doubt, NATO would suffer from weakness without Turkey," ...

 Apr 29 2017 - Anti-Daesh coalition patrolling Turkey-Syria borderTrend News Agency
(MENAFN - Trend News Agency ) Anti-Daesh coalition forces are patrolling the Turkey-Syria border in the wake of Turkey's counter-terrorism operation in Iraq and Syria, U.S. Central Command (CENTCOM) ...

 Apr 29 2017 - Iran says US seized $3.5B of its assets in 'highway robbery'Trend News Agency
(MENAFN - Trend News Agency ) Tehran, Iran, Apr. 29 By Mehdi Sepahvand – Trend: The US government seized $3.5 billion assets of the Central Bank of Iran in an act that can surely be called ...

 Apr 29 2017 - Iran, Russia defense ministers discuss Syria crisis in MoscowTrend News Agency
(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 27 By Fatih Karimov – Trend: Iranian Defense Minister Brigadier General Hossein Dehqan and his Russian counterpart, Sergei Shoigu, held ...

 Apr 29 2017 - Uzbekistan, Kuwait hold first round of political consultationsTrend News Agency
(MENAFN - Trend News Agency ) Tashkent, Uzbekistan, April 27 By Demir Azizov– Trend: The first round of political consultations between the foreign ministries of Uzbekistan and Kuwait was ...

 Apr 29 2017 - Russia fulfilled its S-300 missile system deal with Iran - Rostec CEOTrend News Agency
(MENAFN - Trend News Agency ) Last year, Russia fulfilled all its commitments under the contract to deliver S-300 air defense systems to Iran, said Sergei Chemezov, the CEO of Russia's state ...

 Apr 29 2017 - Azerbaijani currency rates for April 28 (UPDATE)Trend News Agency
(MENAFN - Trend News Agency ) Details added (first version posted on 09:33) Baku, Azerbaijan, Apr. 28 Trend: Official exchange rate of the US dollar and euro to Azerbaijani manat for ...

 Apr 29 2017 - OPEC oil price dropsTrend News Agency
(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 28 By Elena Kosolapova– Trend: The price of OPEC basket of thirteen crudes stood at $48.90 a barrel on April 27, compared with $49.63 the ...

 Apr 29 2017 - Tase: EU measures on Ankara divert attention from real challengesTrend News Agency
(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 28 By Anakhanum Hidayatova – Trend: PACE's decision to bring back monitoring of Turkey's commitment to its obligations to the Council of ...

 Apr 29 2017 - Iran commander thanks health minister for helping 'resistance' in SyriaTrend News Agency
(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 28 By Khalid Kazimov – Trend: The Commander of Iran's Quds Force Qassem Soleimani in a letter to Health Minister Mehdi Qazizadeh Hashemi ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help