Author Archives: Venture Staff

Muin Qadadeh, Manseer’s deputy chairman

Manaseer Plans $1 billion Integrated Potash and Phosphate Facility

The Manaseer Group recently signed a land lease agreement with the Aqaba Development Corporation (ADC) to build an integrated potash and phosphate complex at the Red Sea resort. Muin Qadadeh, Manseer’s deputy chairman, said the facility, which is set to…

Amazon buys Whole Foods

Venture Explains: Why did Amazon buy Whole Foods?

What’s happened? Internet retail giant Amazon has just agreed to buy high-end grocer Whole Foods for $13.7 billion. What’s the motivation behind the deal? Even though it built its name in e-commerce, Amazon has recently been experimenting with brick-and-mortar stores,…

Royal Jordanian RJ

Loss-Making RJ Ends Hot Meals for Medium and Short Haul Flights

Royal Jordanian (RJ) will no longer serve hot meals on short and medium-haul flight as part of a cost cutting drive, the airline’s recently appointed German CEO said in a statement. “RJ has recently substituted the hot meals with sandwiches…

Friends of BADIR

BADIR: United Towards a Brighter, Shared Future

Launched in 2011 with the shared goal of capitalizing on the Kingdom’s wealth of innovative ideas from its creative youth population, Starbucks’ BADIR social entrepreneurship support program has proudly established an exemplary model of beneficial partnerships and their power to…

Unemployment

Unemployment hits 18.2 percent after methodology overhaul

Unemployment in Jordan reached 18.2 percent in the first quarter of the year after the Department of Statistics introduced a new methodology for calculating joblessness that now includes migrants and refugees, and any unpaid jobs and trainings. The figure, which…

tax

A Taxing Question

Jordan’s punitive and convoluted tax system is harming its economic prospects. By Laith Qassem A recent study by To-Excel Consulting found the active number of taxpayers in Jordan declined from 292,744 in 2009 to 208,271 in 2012. The mix of…

Rasha Manna, the Managing Director of Endeavor Jordan on challenges facing startups

Start up Jordan

Rasha Manna, the managing director of the entrepreneur support group Endeavor Jordan, lays out the challenges facing the Kingdom’s startups, and what it takes to overcome them. The one major difficulty Endeavor faces in Jordan is pipeline—finding companies that meet…

CrossFit Quicksand

CrossFit Quicksand: The Business of Fitness

Gyms dedicated to CrossFit, an intense new exercise craze that mixes together different workout styles, are appearing all over Jordan. One of the first to establish itself was CrossFit QuickSand, which was set up by a group of savvy entrepreneurs…

Renewable Energy

Green Investment Growth

Regulatory reforms introduced last year should soon begin attracting investors to help carry out large, state-led projects, particularly in the field of renewable energy. The Regulation for Organizing Non-Jordanian Investments No. 77, passed in June, eased capital requirements and other…