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.
- Even the numbers are on the feminist side: companies with females in top management yield higher returns
- Kingdom in debt, Kingdom in danger: Saudi Arabia's pending deficit raises frightening possibilities
- 'Dead aid': is there any hope left for South Sudan's economy?
- Why the ME's high net worth individuals should be investing in family businesses
- The antithesis of economic development: an inside look in to Morocco's archaic, yet alive, class system