Category: News

capital spending

Exports and Capital Spending Key to Growth – Report

Jordan needs to focus on boosting exports and capital spending if it wants to achieve strong and sustainable growth, according to a new report by the Jordan Strategy Forum (JSF) think tank. The report analyzed the relationships between capital spending…

fleet

RJ Seeks to Add 23 Planes to its Fleet – Report

Royal Jordanian is in talks with plane manufacturers to add up to 23 narrow-body aircraft to its fleet, the carrier’s CEO Stefan Pichler told The National. “We are now in the process of a fleet rollover in the short-haul ……

atomic energy

JAEC says Nuclear Program Cost JD112 Million

Approximately JD112 million were spent between 2008 and 2017 on developing the Kingdom’s nuclear energy program, the Jordan Atomic Energy Commission (JAEC) said in a new report. A large proportion of this figure was spent on local expertise as well…

Latin America

Dubai Launches New Trade Tango with Latin America

Dubai is making major moves to strengthen and diversify trade ties with Latin America. As part of its $27 million campaign to promote trade ties between Dubai and South America, the Dubai Chamber of Commerce and Industry (DCCI) opened its…

Middle East Car of the Year 2018

Volvo beat off some tough competition to take the top prize at the region’s premier car awards in Abu Dhabi. Volvo triumphed at the Middle East Car of the Year (MECOTY) in Abu Dhabi. The Swedish manufacturer’s XC60 was awarded…

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…

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…