Jordan

Aid has emerged as a key foreign policy tool for Trump’s White House. Despite promises to slash assistance, spending on the Middle East is set to rise.

With a 15-year $10bn gas deal and a major bilateral water project in the works, Jordan-Israel economic cooperation is on paper at its highest level since the 1994 peace treaty. But the political risks for Jordan’s monarchy are rising.

Jordan’s cabinet on 16 January finalized the disbursement mechanism for JD171mn ($242mn at the fixed JD1 =$1.4) in cash subsidies...

Last year saw record low global oil and gas discoveries. The 2018 picture looks similar, despite a nascent major return to deepwater drilling. The Middle East, a bright spot in the downturn, kept drilling at near-record levels in 2017, but dwindling cash reserves mean activity has eased.

The EBRD is financing solar at Risha and Al-Sawafi and a wind farm at Shobak. Yet an oil-shale plant dominates Jordan’s power projects pipeline.

Jordan’s fiscal position has improved with the finalization of a promised $812mn aid package from the US to the cash-strapped...

Cash-strapped Jordan, struggling to cope with the cost of hosting over one million Syrian refugees, hopes to cut its deficit...

Jordan Petroleum Refinery Company (JPRC) has signed an agreement with US contractor KBR for basic engineering design of a residue...

Jordan plans a $1bn Eurobond in October, Finance Minister ‘Umar Malhas announced on 24 September. Roadshows to market the debt,...