Jordan ranks 2nd among 7 Arab countries on global entrepreneurship monitor
AMMAN — Ministry of Digital Economy and Entrepreneurship on Thursday released the Jordan National Report on the Global Entrepreneurship Monitor 2024-2025.
The report, launched in cooperation with the German Jordanian University (GJU) and the Jordan Strategy Forum, showed "remarkable" progress for the Kingdom in a number of entrepreneurship indicators.
Minister of Economy and Entrepreneurship Sami Smeirat said that the results reflect the government's commitment to supporting the environment of entrepreneurship, stressing that "accuracy" in data is the "basis" for effective policies, the Jordan News Agency, Petra, reported.
GJU President Alaadeen Halhouli said that survey researches contribute to understanding the real status of entrepreneurship and better directing programmes.
The report is part of project "Entrepreneurship for sustainable economic development and employment in Jordan", implemented by the German Corporation for International Cooperation (GIZ) with the support of the Federal Ministry for Economic Cooperation and Development and the EU.
Among seven Arab countries participating in the report, Jordan came second on the total early-stage entrepreneurial activity, with a large drop in the gender gap from 9.2 per cent down to 3 per cent.
Jordan also ranked second on the Existing Business Ownership Index, indicating the sustainability of entrepreneurial projects. The report recorded improvements in the enabling environment for entrepreneurship, particularly in indicators of market dynamics, government policies and support programs, and regulation of market entry.
Also on Thursday, the ministry, GJU and the forum signed an agreement that aims to enhance the research capabilities and encourage regular participation in the report.
© Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
43 minutes ago
- The National
Saudi Arabia's foreign minister arrives in Syria to discuss boosting economic ties
Saudi Arabia's Foreign Minister Prince Faisal bin Farhan arrived in Syria on Saturday, leading a high-level delegation that aims to strengthen ties as the war-torn nation prepares for an economic opening on the expected lifting of years-long sanctions. Prince Faisal is due to meet Syrian President Ahmed Al Sharaa, and is expected to hold economic talks between the two sides as an economic delegation is accompanying the Saudi official, the Saudi foreign ministry said in a statement. The talks will focus on ways the two sides can work together "to support Syria's economy, strengthen the development of government institutions, and achieve the aspirations of the Syrian people", the ministry said. In February, Saudi Crown Prince Mohammed bin Salman met Mr Al Sharaa in Riyadh during the latter's first trip in the region as president. Mr Al Sharaa said the meeting with Prince Mohammed has shown that Saudi Arabia had 'a genuine desire to support Syria in building its future'. The Syrian president added that his meetings in Riyadh had included plans for co-operation in the fields of energy, technology, education and health. The Syrian economy has been devastated by the civil war, which began in 2011. The UN's Development Programme estimates cumulative losses – including physical damage and economic deprivation – of $923 billion at the end of last year. The estimated cost of reconstruction has varied from $250 billion and $500 billion. The national economy, which had been maintaining a brisk pace of growth before the protests against the regime of deposed president Bashar Al Assad, has struggled since: gross domestic product plunged 6.4 per cent in 2016 before gradually recovering, government data shows. But the situation has been improving: in March, Syrian President Ahmad Al Shara announced new members in his government, appointing 23 ministers in a broadened cabinet, a move seen as an important milestone in the transition from decades of Al Assad family rule and the improvement of ties with the West. It further accelerated after US President Donald Trump, during his Gulf tour this week, announced the lifting of sanctions on Syria, drawing cheers from its citizens and optimism from analysts. He also met Mr Al Shara in Riyadh. On May 16, the World Bank cleared Syria of its $15.5 million outstanding debt after Saudi Arabia and Qatar paid for it, in another positive sign for the nation's damaged economy. The clearing of the arrears, made effective on May 12, reinstates Syria's eligibility to receive World Bank support and operations after a 14-year hiatus, the Washington-based institution said. Saudi Arabia and Qatar announced their plans to settle Syria's outstanding debts on April 27, in "support of and to accelerate the recovery" of Syria, following discussions at the World Bank and International Monetary Fund 's spring meetings in Washington. Support from Syria's Gulf neighbours will be key to its recovery: financial deposits from Gulf allies will support Syria's monetary stability and rebuild confidence in its commercial banking system as the country grapples with near-depleted foreign exchange reserves, analysts have said. Also in May, Damascus and DP World, the Dubai-based global ports operator, signed an initial agreement worth $800 million to develop Syria's port of Tartus, aimed at strengthening port infrastructure and logistics services in the country.
Khaleej Times
an hour ago
- Khaleej Times
Arab ministers condemn Israel's decision to 'ban' them from visiting West Bank
The foreign ministers of five Arab countries who had planned to visit the occupied West Bank this weekend on Saturday condemned Israel's decision to block their plans. The ministers condemned "Israel's decision to ban the delegation's visit to Ramallah (on Sunday) to meet with the president of the State of Palestine, Mahmud Abbas", the Jordanian foreign ministry said. Ministers from Egypt, Jordan, Qatar, Saudi Arabia and the UAE had been expected to take part alongside Turkey and the secretary-general of the Arab League. Israel had announced late Friday that it would not cooperate, effectively blocking the visit as it controls the territory's borders and airspace. Abbas "intended to host in Ramallah a provocative meeting of foreign ministers from Arab countries to discuss the promotion of the establishment of a Palestinian state," said a statement attributed to an unidentified official. "Such a state would undoubtedly become a terrorist state in the heart of the Land of Israel. Israel will not cooperate with such moves aimed at harming it and its security." Had the visit gone ahead, the delegation's head Prince Faisal bin Farhan would have become the first Saudi foreign minister to visit the West Bank. Israel this week announced the creation of 22 new Jewish settlements in the West Bank, regarded by the United Nations as illegal under international law and one of the main obstacles to a lasting peace between Israelis and Palestinians. During a visit to one of the new settlement sites on Friday, Defence Minister Israel Katz vowed to build a "Jewish Israeli state" in the Palestinian territory. Taking aim at foreign countries that would "recognise a Palestinian state on paper", he added: "The paper will be thrown into the trash bin of history, and the State of Israel will flourish and prosper." In June, Saudi Arabia and France are to co-chair an international conference at UN headquarters meant to resurrect the two-state solution to the Israeli-Palestinian conflict. Saudi Arabia was said to have been close to recognising Israel before the start of the Gaza war, and US President Donald Trump, during a recent visit to Riyadh, called normalisation between the countries "my fervent hope and wish". But de facto ruler Crown Prince Mohammed bin Salman has said Saudi Arabia will not recognise Israel without an independent Palestinian state.
The National
an hour ago
- The National
'More countries expected to recognise Palestine at New York conference, says foreign minister'
More countries are expected to recognise a Palestinian state at an upcoming UN conference in New York, Palestinian Minister of State for Foreign Affairs said
