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Salameh Al-Draawi
Economic relations between Jordan and Iraq have long been one of the strongest pillars of regional cooperation, underpinned by shared strategic interests in energy, trade, transportation, and investment.
How were companies listed on the Amman Stock Exchange able to achieve their second-highest first-half profits on record in 2026, while the region experienced unprecedented tensions and the U.S.-Iran war placed heavy pressure on energy, transportation, trade, and global supply chains?
Jordan today offers a model worthy of attention, given the scale of the institutions it has successfully digitized and transformed into practical services that save time and effort, improve performance, and demonstrate that capable leadership is the true starting point for any successful transformation.
The new partnership between the Jordan Phosphate Mines Company (JPMC) and the Arab Potash Company (APC) should not be viewed as just another industrial project. Rather, it represents a practical shift in the management of Jordan's natural resources—from exporting raw materials to building specialized value-added manufacturing industries. The initiative aims to establish an integrated industrial complex in Eshidiya and Aqaba, alongside the creation of the Jordan Advanced Specialty Fertilizers Company, linking extraction, processing, manufacturing, and export within a single value chain.
The reciprocal trade agreement signed between Jordan and the United States in Washington does not represent a new beginning for trade relations between the two countries as much as it reinforces the gains achieved since the Jordan–U.S. Free Trade Agreement entered into force on December 17, 2001.
During the second half of 2023, Treasury revenues began to decline noticeably due to the repercussions of the war in Gaza and lower revenues from the tobacco and vehicle sectors, driven by the growing use of alternative tobacco products and the increasing adoption of electric vehicles.
Many observers and political analysts viewed the recent case involving the former Minister of Labor who was asked to resign over a conflict of interest, while the Royal Decree accepting his resignation was delayed as evidence that Prime Minister Jaafar Hassan's government is facing a major political crisis, potentially signaling its imminent departure from office.
Whenever the National Water Carrier Project is brought up for discussion, the same question resurfaces: Why has its cost risen to its current level? Does this mean the project has become significantly more expensive than originally planned, or is what is being implemented today fundamentally different from what was proposed a decade ago?
Strategic projects around the world are no longer financed solely through traditional lending methods, Their scale, complexity, and long operational lifespans have prompted financial markets to develop innovative financing tools that combine economic returns with sustainable development and environmental goals.
Since 2003 and 2004, Jordanians have been hearing the same story: the Iraqi oil pipeline to Aqaba is discussed at every bilateral meeting, mentioned by every new Iraqi government, and included in every joint communiqué.
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