Author Archives: Venture Staff

Arabia Trading & Consulting (ATC) Reaches Financial Close

ATC Secures Financing for 66.69 MWp Solar PV Project

Arabia Trading & Consulting (ATC – an Arabia Group company), a leading Jordanian utility-scale solar developer, has announced it has reached financial close for its second solar project in Jordan, further cementing its commitment towards supporting Jordan’s renewable energy ambitions…

Jordan Moves to Kick-Start Growth and Pare Back Debt

Jordan Moves to Kick-Start Growth and Pare Back Debt

The government is looking to reduce its debt burden and jumpstart the economy through a combination of budgetary adjustments, a new medium-term economic strategy, and international aid agreements. In mid-May, the Cabinet announced its decision to cut this year’s JD8.8…

aramex

Aramex Launches Customer Service Chatbot

Aramex has launched a customer service chatbot that operates via Facebook messenger. “The service enables personalized, scalable conversations with customers about shipment-related queries and different service offerings,” the regional logistics giant said in a statement. The English and Arabic-language chatbot…

A New Way to Teach

A New Way to Teach

If we truly want to prepare our children for the future, we need to start teaching them to think creatively and critically. By Helen Al Uzaizi ‘Teaching to the test’ has sadly become a common term; it happens when an…

Merza Hussain Hasan, Regional Head of World Bank

Strong Support

The regional head of the World Bank says his organization stands ready to help Jordan meet its potential. As well as Jordan, Merza Hussain Hasan oversees World Bank projects in Bahrain, Egypt, Iraq, Kuwait, Lebanon, Libya, the Maldives, Oman, Qatar,…

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…