Jordan eases COVID-19 restrictions – but economic revival remains far off

Jordan eases COVID-19 restrictions – but economic revival remains far off

**Written and disseminated among select contacts on May 5**

Minister of Industry, Trade and Supply, Tareq Hammouri, announced on Sunday, May 3, that all economic sectors are permitted to reopen at full capacity starting the following Wednesday as long as Jordanian nationals comprise 75% or more of the work force. While the move is intended to kickstart the economy, the measure will not go far enough to avert a financial crisis.

Neil Quilliam | CEO | n.quilliam@castlereagh.net

Jordan eases COVID-19 restrictions – but economic revival remains far off

UAE construction to struggle in current conditions – but emerge more streamlined and efficient

**Written and disseminated among select contacts on April 7**

Government aid measures to support the construction industry will help lessen the impact of low oil prices and economic slowdown from the coronavirus pandemic. Nevertheless, companies will be pushed to make critical decisions about project pipelines, efficiency and supply chain resilience in order to adapt to the conditions.

Daniel Moshashai | Regional Analyst – Geopolitics and Infrastructure | d.moshashai@castlereagh.net

Jordan eases COVID-19 restrictions – but economic revival remains far off

Qatar bond plans will be market test for opportunistic Gulf borrowers

**Written and disseminated to select contacts on April 7**

Qatar is set to become the first Gulf country to tap global bond markets since oil prices plummeted last month. In spite of a low-oil-price environment and COVID-19-related global economic slowdown, the country on Tuesday began marketing five- 10- and 30-year bonds, which it hopes will raise at least $5bn. The bond is expected to go on sale later today.

Rachna Uppal | Senior Analyst | r.uppal@castlereagh.net