Category: News

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…

Increasing Wheeling Fees a Set Back for Renewables Sector-EDAMA

Increasing Wheeling Fees a Set Back for Renewables Sector-EDAMA

Sustainability NGO EDAMA slammed a proposed increase in wheeling charges of up to 400 percent as an unjustifiable move that aims to obstruct renewable energy projects. The government is currently considering hiking wheeling charges from 1.1 piasters to 4.5 piasters,…

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…

Jordan Green Growth

Green Growth: Reversing Jordan’s Economic Slump

Last month, World Bank’s Spring 2017 issue of the Jordan Economic Monitor was released in the height of high unemployment and slow economic performance in the Kingdom. The Jordan Economic Monitor, a product of the World Bank’s Global Practice for Macroeconomics…

January to April Visitors Increase Up to 12.5 Percent

In a further sign of a turnaround in Jordan’s tourism sector, the number of visitors to the Kingdom rose 12.5 percent during the first four months of the year. The overall number of tourists reached 1.639 million between January and…

Energy-Round

Firms Selected for Third Renewable Energy Round

A total of 34 companies have qualified for the third round of Jordan’s renewable energy projects, Minister of Energy Ibrahim Saif said last month. The companies were chosen from a list of 70 domestic and international firms that expressed an…

Honeywell

Honeywell UOP to Support $1.6 Billion Refinery Expansion Project

Honeywell UOP last month signed an agreement with the Jordan Petroleum Refinery Company (JPRC) to support a $1.6 billion expansion of its refinery in Zarqa. This expansion will increase the capacity of Jordan’s sole refinery to 120,000 barrels per day…

IFC

IFC Invests $45 Million in MS Pharma

The International Finance Corporation (IFC), the private sector arm of the World Bank, is making a $45 million equity investment in Jordan’s MS Pharma. “We believe that supporting leading companies such as MS Pharma will not only improve access to…

Digital-Leapfrogging

Digital Leapfrogging Could Boost Region’s Economy by Billions – McKinsey

With proper implementation, digital leapfrogging could add $95 billion to the Middle East’s annual GDP by 2020, according to McKinsey & Company’s regional head. The international consultancy has been researching into how digital leapfrogging has the potential to be a…