Author Archives: Venture Staff

financial fraud

Regional Financial Fraud Jumps – Survey

The number of regional firms reporting incidents of financial fraud rose to 34 percent from 26 percent over the past two years, according to a PwC survey. Asset misappropriation, business misconduct, and fraud committed by consumers are the three most…

Marriott International

Marriott International Opens in W-branded Hotel in Amman

The Marriott International opened its first W-branded hotel in Jordan last month. Developed by Eagle Hills Jordan, the 280-room, 37-story branch in Amman features seven floors of serviced apartments and a helipad, Eagle Hills Jordan announced. The hotel is located…

international airport

Airport Operator Acquisition of Queen Alia International Airport

Aéroports de Paris has big plans for Jordan’s aviation sector after acquiring a controlling stake in the operator of Queen Alia International Airport. Groupe Aéroports de Paris (ADP) recently announced it has spent $265 million to buy a majority 51…

Green City

EBRD Partners With GAM to Make Amman a Green City

The European Bank for Reconstruction and Development has signed a memorandum of understanding with the Greater Amman Municipality to fund projects that aim to ensure the capital’s sustainable growth. Under the agreement, which was signed by Amman’s Mayor Yousef al Shawarbeh…

strike

Professional Associations Strike Against Changes to Income Tax Law

Thousands from thirty-three associations and unions took part in a strike against the proposed modifications to the income tax law today. The main associations who joined the strike include doctors, engineers, journalists, teachers, lawyers, and pharmacists who reject the draft law….

wastewater

Irbid Wastewater Network to be Co-Financed by EU

The European Bank for Reconstruction and Development (EBRD) said the EU has agreed to co-finance a multi-million euro project to construct new wastewater network in Irbid, a city that has been forced to absorb thousands of Syrian refugees over recent…

infrastructure investment

EBRD Finances Infrastructure Investment Program

The European Bank for Reconstruction and Development (EBRD) has signed a preliminary agreement with Jordan to finance an infrastructure investment program worth 2.8 billion euros. “This memorandum of understanding further cements the cooperation between the EBRD and the government of…

investment climate

The Journal: 2018 Investment Climate

Jordan’s economy and investment climate has been shaken over recent years by unrest in neighboring Iraq and Syria, spiralling unemployment, a debt-to-GDP ratio of 95 percent, and a series of IMF-backed subsidy cuts and tax rises. All this while vital…

A Sit-down with Hamdi Tabbaa

Our guest today, Hamdi Tabbaa, held many positions. He was the former Minister of Industry, Trade and supply, a member of the Senate several times and today, heads the Federation of Arab Businessmen and The Jordanian Businessmen Association. Your Excellency, I…

The Founding of Al-Hudhud

Our guest in Women in Business, Shaima’ Al-Bishtawi, believes that respect is exchanged through language. That’s why she created Al-Hudhud, a creative content company to teach children Arabic. Al-Hudhud was founded in 2011 by Shaima’ Al-Bishtawi and her business partner, Engineer…