Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Economy

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Jordan’s GDP grows 2.5 percent in Q1, hospitality sector biggest gainer

Jordan's extractive industries sector expanded by 5.1 percent. (WAM)
By TRENDS Desk
July 3, 2022 11:50 pm
  • The Department of Statistics (DoS) of Jordan said economic sectors rose in quarter one of the current year.
  • Hotels and restaurants sector came first with 6.8 percent, followed by construction sector with 5.3 percent.

Jordan’s Gross Domestic Product (GDP) at constant market prices grew by 2.5 percent in quarter one of 2022, compared to the figure in the same period of 2021.

In a quarterly statistical report released Sunday, the Department of Statistics (DoS) said economic sectors rose in quarter one of the current year, compared to the same period of last year.

The hotels and restaurants sector came first with 6.8 percent, followed by the construction sector with 5.3 percent, and the extractive industries sector with 5.1 percent.

Also, the finance, insurance, and business services sector returned with figures of 4.3 percent, according to figures.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]