Arab Today, arab today positive growth indicators despite regional turmoil in jordan
Last Updated : GMT 13:57:49
Arab Today, arab today
Arab Today, arab today

Positive growth indicators despite regional turmoil in Jordan

Arab Today, arab today

Arab Today, arab today Positive growth indicators despite regional turmoil in Jordan

Issa Haider Murad
Amman - Petra

The Chairman of Amman Chamber of Commerce, Issa Haider Murad, on Monday said the Jordanian commercial sector had achieved good and positive growth indicators since the beginning of this year despite economic hardships and the political turmoil in the region.
In an interview with Petra, Murad said that the commercial and service sectors' figures continued to rise, noting that the Kingdom's exports increased by 6.8 percent, while imports increased by 2.9 percent during the first half of this year.
Further, Murad noted that the national exports reached JD5.2 billion during the first half of 2014, compared with JD3.2 billion during the same period of last year. As for imports, he added, these amounted to JD3.8 billion compared to JD6.7 billion during the first half of 2013.
Murad reiterated that the political and security crises in the region posed a real challenge to the Kingdom, but underlined the promising opportunity for Jordan to become the focus of investors and major international companies, which are looking for a safe haven and a stable investment environment.
He also highlighted a number of obstacles facing the trade sector, such as the hardship in securing credit facilities and high loan interest rates for SMEs compared to lower interest rates for big companies.
The chief of the Amman Chamber also spoke about a number of obstacles related to the exacerbated phenomenon of bad cheques, which had a negative repercussion on the economic performance and imposition of one percent customs service fee on goods already exempted from customs. He also highlighted the predominance of foreign retail companies at the shopping malls, which have a negative impact on fair competition in the local market.
As for the Jordanian-Iraqi economic relations, Murad stressed that Iraq is one of the most important trade partners of the Kingdom, despite the unrest there in the economic, social and security fields.
"The Iraqi market has an advantage and enjoys priority as far as many Jordanian traders, importers and industrialists are concerned who prefer it to other Arab and global markets," Murad said, explaining that the Iraqi market is at the forefront of the Arab markets for Jordanian exports. "The Kingdom's exports to Iraq accounted for 18 percent of the total national exports last year," Murad added.
Meanwhile, he proposed several steps to restore momentum to the Jordanian-Iraqi economic relations, such as boosting ties between the two countries' private sectors through the exchange of visits of specialized business delegations.
On the domestic level, Murad said that the Chamber is keen to boost dialogue and coordination between the public and private sectors to reach common solutions to the challenges facing the national economy and ensure comprehensive development in various sectors.
"The Amman Chamber of Commerce, which represents more than 80 percent of the economic activities and services in the Kingdom, is keen to contribute to and participate to ensure invincibility and advancement of the national economy in order to reflect positively on Jordanians' living standards," Murad told Petra.
He also called on the Lower House of Parliament to forge closer ties with the private sector, especially with the chamber of commerce, and to listen to and take into consideration the views and proposals put forth by the private sector when discussing economic policies and legislation related to various economic affairs in the Kingdom.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today positive growth indicators despite regional turmoil in jordan Arab Today, arab today positive growth indicators despite regional turmoil in jordan

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday