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Interview

Nasser Shraideh, Chief Commissioner, Aqaba Special Economic Zone Authority: Interview
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Interview:Nasser Shraideh What areas are being targeted to maximise Aqaba’s strategic location and meet future demand? NASSER SHRAIDEH: It is high time for Jordan to solidify its efforts and fulfil promises by bringing in high value-added investments to strengthen the backbone of the economy. Jordan needs to emerge as a competitive and dynamic logistics hub, and Aqaba can be the figurehead…
Interview

Yarub Qudah, Minister of Industry, Trade and Supply: Interview
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Interview: Yarub Qudah How would you assess current levels of foreign direct investment (FDI) in the industrial sector? YARUB QUDAH: In 2016 FDI reached JD1bn ($1.4bn) compared to JD1.14bn ($1.6bn) in 2015. Jordan’s business environment is conducive to attracting new investments, expanding current agreements and encouraging new partnerships across a variety of sectors. Freedom in the trade and…
Interview

Lina Annab, Minister of Tourism and Antiquities: Interview
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Interview:Lina Annab How much emphasis is being placed on improving air connectivity and accessibility to Jordan? LINA ANNAB: Air connectivity is a key area we are focusing on given its impact on unlocking economic growth by attracting business investment and spurring tourism, two areas that are vital to Jordan’s economic prosperity. We are working to enhance air connectivity through special…
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Ghazi Al Jobor, CEO, Telecommunications Regulatory Commission: Interview
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Interview:Ghazi Al Jobor How are local operators diversifying their services, and which new digital services will drive growth? GHAZI AL JOBOR: Service providers have started moving away from traditional telecommunications services to new digital services, such as e-wallets and near field communication, data bundles with specific over-the-top (OTT) applications and smart Internet of Things…
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Labib Khadra, President, Al Hussein Technical University: Interview
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Interview:Labib Khadra How can higher education institutions adapt to the changing demands of the private sector? LABIB KHADRA: Modifying academic programmes and degrees to the needs of the private sector has been a challenge for years, and this issue has become even more crucial as youth unemployment reached more than 18% in the first quarter of 2017. Thus, there is continuous dialogue between…
Interview

Ziad Fariz, Governor, Central Bank of Jordan: Interview
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Interview:Ziad Fariz What steps has the CBJ taken to align itself with the national digitisation strategy? ZIAD FARIZ: Over the past five years the CBJ has developed and digitised many services varying from retail payments, like electronic bill payments and mobile transfer systems, to wholesale liquidity management instruments. Within these initiatives, the CBJ has focused on making these services…
Interview

Nemeh Sabbagh, CEO, Arab Bank
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Interview:Nemeh Sabbagh How will the central bank’s increased interest rates affect liquidity and demand for loans? NEMEH SABBAGH: Banks have followed the interest rate increases set by the Central Bank of Jordan (CBJ), sometimes with a lag, to reflect higher rates. As businesses and households also adjust with a lag, the full impact of increased interest rates will become clearer. In addition…
Interview

Imad Fakhoury: Interview
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Interview:Imad Fakhoury How are Jordan Vision 2025 and the IMF’s Extended Fund Facility (EFF) programme progressing? IMAD FAKHOURY: The EFF programme was based on a national economic and fiscal reform plan derived from Jordan Vision 2025. The programme aims to improve fiscal self-reliance by increasing tax revenue, redirect subsidies to Jordanians who need it, which will also strengthen our…
Interview

Iyad Asali, General Manager, Islamic International Arab Bank: Interview
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Interview:Iyad Asali How would you assess the capacity for further growth in the Islamic banking segment? IYAD ASALI: The Central Bank of Jordan (CBJ) reported that 69% of the population in Jordan are financially excluded. This gives Islamic banks an opportunity to develop new financial services for this segment at reasonable costs, along with easy terms and conditions for their clients. Islamic…
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Kjeld Binger, CEO, Airport International Group: Interview
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Interview:Kjeld Binger What developments are planned for Queen Alia International Airport (QAIA)? KJELD BINGER: New installations at QAIA have boosted the airport’s annual capacity to 12m passengers. The next project will be an upgrade of the baggage handling system. The preliminary phase of this upgrade is already under way, and its implementation will start in 2018. This project represents…