Remittance increase in Jordan matched with a decrease in tourism revenue
Expatriates’ remittances went up at the end of July by 2.6 per cent to $2.16 billion, the Central Bank of Jordan (CBJ) said in a statement issued on Wednesday. Meanwhile, tourism revenues dropped by 8.4 per cent to around $1.88 million from $2.05 billion during the same period last year. The drop was attributed to a decline in the number of tourists seeking therapeutic services in the past few months and the drop of tourists in general in July, 2013.
- No pain, no gain: Tunisian economy needs three years of tough love before rebounding
- How will MENA economies look in 2015?
- Sanctions face-off: Iran to unveil its corporate side in London next week
- Going cold turkey: a look into Israel's impending $4 billion privatization drive
- A futile endeavour? Recruitment of 1.2 million expats defeats Saudization drive