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Jordan India to expand trade investments

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AMMAN:  More than 300 Jordanian and Indian businessmen and investors are scheduled to discuss business opportunities at a forum that will be held next week in the Indian capital, New Delhi, according to the Jordan News Agency, Petra. The business forum, which will focus on boosting investments, commercial relations, and partnerships between the two countries, is held on the sidelines ... Read More »

Jordan signs deal to implement energy storage project

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AMMAN:  As part of the effort to increase reliance on renewable energy, Jordan on Tuesday signed a Memorandum of Understanding (MoU) with 23 companies and consortia to implement a $40 million project to store electricity generated by power plants. The electrical storage project, which will be located in Maan development area, some 220km south of the capital, will have the power ... Read More »

Jordanian government survives no confidence vote amid price protests

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AMMAN: The Jordanian government on Sunday survived a no-confidence vote in the parliament amid street protests against recent hikes in prices and taxes. Sixty-seven lawmakers voted in favour of the government against 49 with four abstentions, Jordan’s official news agency Petra reported. The vote was in response to a no-confidence motion tabled by the Islamist al-Islah parliamentary bloc, which accused ... Read More »

Jordanian trucks expected to make direct trips into Iraq next week

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AMMAN:  The ministries of transport and industry on Tuesday agreed to start arrangements for the entry of Jordanian commercial trucks to Iraq, preparing the ground for the implementation of the relevant decision taken for that purpose. The decision came during a joint meeting with representatives of the Amman Chamber of Industry (ACI) and Amman Chamber of Commerce and the Truck Owners ... Read More »

Jordan to secure 5 year U.S. aid pledge

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AMMAN: Jordan will secure a promise of five more years of U.S. financial aid on Wednesday, a Jordanian official said, despite U.S. President Donald Trump’s threat to withhold support from countries that opposed his position on Jerusalem. U.S. Secretary of State Rex Tillerson is expected to sign the non-binding memorandum of understanding (MoU) in Amman on Wednesday, the official said. ... Read More »

Jordan lifts visa restrictions on India to attract business

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AMMAN:  Jordan has lifted visa restrictions on Indian nationals in a bid to attract businessmen and tourists from the world’s second largest populated country, officials said today. The move was initiated by Jordan Investment Commission (JIC) two days after the arrival of Indian prime minister Narendra Modi who discussed with king Abudllah means of boosting economic cooperation between the two ... Read More »

Jordan 3rd in renewable energy growth globally 1st in region

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AMMAN:  Jordan has ranked first in the Middle East and North Africa in renewable and clean energy growth, according to a Bloomberg report. The Kingdom also ranked third out of 71 countries worldwide, following China and Brazil, the Jordan News Agency, Petra, reported on Sunday. During a meeting with the ministry staff, Minister of Energy and Mineral Resources Saleh Kharabsheh ... Read More »

No single hybrid vehicle customs cleared since tax hike

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AMMAN:  Not one hybrid car has been cleared by customs since the recent government decision to cancel a tax exemption on such vehicles, stakeholders said. Hybrid car buyers used to pay a reduced special sales tax of 25 per cent of the price instead of 55 per cent for regular fuel cars.  The government decided to cancel the exemptions in 2012, ... Read More »

Reconsider taxes on agricultural sector

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AMMAN :  Jordan is paying the price for its national stand on Jerusalem, which forced the government to enact harsh decisions under such difficult circumstances, acting prime minister, Mamdouh Abbadi, said on Wednesday. Brothers before friends refrained from helping us this year and the year before, but we cannot give up on Jerusalem, this is what we say and we will ... Read More »

Jordan approves signing deal with Iraq on oil gas pipeline

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AMMAN:  Jordan on Monday approved signing an agreement with Iraq to build a twin gas and oil pipeline between the two countries, the state-run Petra news agency reported. The Jordanian Cabinet said the pipeline will stretch from Iraq’s Basra to Jordan’s Aqaba and an agreement will be signed soon by energy ministries of both countries. The project is strategic for both countries ... Read More »

Jordan to hike up public transport fares by 10 percent

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AMMAN: Jordan has decided to increase public transport fates by 10 percent as of Wednesday, just days after the government announced a hike in the price of gasoline and diesel. This came under a decision adopted by Jordan’s Land Transport Regulatory Commission (LTRC) Director General Salah Lozi, the. The decision to increase fares covers medium and large public buses and ... Read More »

Impact of recent tax reform on investment real estate By Edward Jordan

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AMMAN: The recently passed tax reform package represents the most sweeping tax reform the country has seen since the Tax Reform Act of 1986 and will shift the dynamics of the real estate market in 2018 and beyond. While changes to mortgage interest and local and state deductions may adversely impact many homeowners, the new provisions are generally seen as ... Read More »

Jordanians protest tax hikes

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 AMMAN: Jordanians demonstrated in central Amman on Thursday to protest a raft of recent economic decisions by the government, including tax hikes and subsidy reductions. Protesters chanted slogans against the government and parliament and called for the dismissal of Prime Minister Hani al-Mulki and the dissolution of the national assembly. In a bid to rein in a ballooning fiscal deficit, ... Read More »

Jordan deal on relaxed rules of origin fails to bring desired benefits

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AMMAN : The Jordan Labour Watch (JLW) on Sunday issued a statement calling for a review of the 2016 EU relaxed rules of origin for Jordanian exports to Europe, stressing that “the current terms of the agreement lack justice and fail to achieve the expected benefits for both Jordanian enterprises and their workers.”  In July 2016, the EU and Jordan signed ... Read More »

Jordan urges int’l community to provide funding to address Syrian refugee crisis

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AMMAN: Jordan on Tuesday urged the international community to support its appeal for 7 billion U.S. dollars from 2018-2020 in funding to help tackle the Syrian refugee crisis in the kingdom. At a meeting with Swedish Immigration Minister Helene Fritzon, Jordanian Minister of Planning and International Cooperation Imad Fakhoury urged donor countries to support the appeal, which Jordan will officially ... Read More »

Jordan bread price doubles as subsidies lifted

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AMMAN: Jordan on Saturday increased the price of bread by up to 100 per cent after lifting subsidies on the staple in a bid to redress its debt-riddled economy. The move is expected to affect low income Jordanians, for whom flat pitta-like bread is an essential part of meals. Past price hikes have sparked riots in the cash-strapped country which ... Read More »

Jordan ends bread subsidy doubling pita prices

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AMMAN: Jordan said on Friday that a decision to end subsidies on staple pita bread will take effect on Saturday, the first such step in over two decades to ease the country’s budget woes. The price of a kilo of white pita bread was raised 60 percent to 0.40 dinars ($0.50) from 0.25 dinars ($0.30) and price of large pita bread nearly ... Read More »

Assessment of the Jordanian Marketplace 2018

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AMMAN: Markets play a central role in the lives of refugees. Markets provide refugees with the goods and services needed for survival in the short-term, and influence their ability to thrive in the long-term. The moment Syrian refugees arrived in Jordan, they entered the market as both consumers and sellers. Markets are also at the core of cash-based interventions. Cash-based ... Read More »

Jordanian economy in 2018

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AMMAN: Its ratification means that the new government policy is directing subsidy of bread to qualified Jordanian consumers. Those will actually pay the non-subsidised price of bread, but will be compensated in cash to be added to their monthly incomes. Rich Jordanians and all non-Jordanians will not be compensated. The passing of the new 2018 State Budget Law will also ... Read More »

Meridiam to increase its investments in Jordan

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AMMAN :  His Majesty King Abdullah on Tuesday met with Meridiam’s CEO Thierry Déau in Davos and discussed the investment opportunities offered by Jordan’s economy. Déau said Meridiam has invested $200 million in the Queen Alia International Airport, as well as $50 million in Jordan’s water sector, stressing that the fund seeks to increase its investments in the Kingdom.  Noting Jordan’s ... Read More »