Blog: Economy

Economic Measures Will Not Affect Those with Low, Middle Incomes — PM

AMMAN — Prime Minister Hani Mulki on Wednesday stressed that the government’s economic correction measures will not affect essential commodities or the middle- and low- income segments.

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Jordan Achieves 2020 Renewable Energy Strategy 2020 Objective, Minister

ABU DHABI -- Jordan has achieved its desired goal of supporting renewable energy sources in the total energy mix by10 percent by 2020, said Energy Minister Ibrahim Saif .

 

Speaking...

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Oxford Business Group Releases its 2016 Report on Jordan

AMMAN -- 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...

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Jordan’s Economic Growth to Steadily Rise — World Bank

AMMAN — The World Bank (WB) on Tuesday released updated projections for economic growth in the Middle East and North Africa, with Jordan’s growth predicted to steadily increase over the next three...

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India Extends $2 Million Grant to Jordan

AMMAN — Indian Ambassador to Jordan Shubhdarshini Tripathi handed over on Wednesday a cheque of $2 million grant to Jordan for humanitarian assistance, according to a statement by the embassy....

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Planning Ministry Held 580 Training Programmes in 2016

AMMAN — Planning and International Cooperation Minister Imad Fakhoury on Tuesday said his ministry in 2016 held 580 training programmes as part of the technical cooperation programme with donor...

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Japan Extends $254M Soft Loan to Support Jordan’s Budget

AMMAN — Jordan and Japan signed a $254 million soft loan agreement on Wednesday  to improve the government’s public service reform efforts.

 

The loan, to be extended through the...

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U.S. Transfers $470M Grant to Treasury

AMMAN — The U.S. government has transferred a $470 million grant to the Treasury as a direct support to state budget, it was announced Saturday.

 

The grant aims at supporting the...

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471. 7 Million Euros Total Value Of German Aid In 2016

AMMAN -- Minister of Planning and International Cooperation, Imad Fakhoury, said the total aid commitments from Germany to Jordan in 2016 have reached 471.7 million euros, some 153 million euros...

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Jordan Secures WB Soft Loan to Optimise Water, Energy Management

AMMAN — Jordan on Sunday signed a $250 million soft loan with the World Bank to enhance reforms in the energy and water sectors.

 

The loan's payback period is 35 years with an...

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