Category: News

economic growth

Senior Banker Eyes Continued Global Economic Growth

With rising corporate and consumer confidence in most major economies and little upward pressure on prices, global economic growth is expected to continue, said Chief Economist and Strategist Xavier Denis at the Societe Generale private banking conference in November. The…

Groupe ADP

France’s Groupe ADP in Talks to Buy Queen Alia International Airport Operator

French airports operator Groupe Aeroports de Paris (ADP) said it has begun exclusive negotiations to acquire Airport International Group (AIG), which runs Jordan’s Queen Alia International Airport (QAIA). “Groupe ADP, in consortium with Meridiam and ASMA Capital Partners B.S.C., enters…

Lada brand

Lada Returns to Jordan

The Russian automobile manufacturer AvtoVAZ has relaunched the Lada brand in Jordan after a 20-year absence. The model line up that will be featured in the new showroom will include the Vesta five-door sedan, Lada Granta, the 3-door and 5-door…

Jordanian manufacturers

EU Export Guide Launched for Jordanian Manufacturers

A new how-to guide has been launched for Jordanian manufacturers wanting to start exporting to the European Union, which recently eased its rules of origin for products made in the Kingdom as part of efforts to mitigate the impact of…

Network International

EMP Rebrands as Network International

Emerging Markets Payments-Jordan (EMP), the fintech company behind online billing service eFawateerCom, has been rebranded as Network International as part of its sale to the UAE-based payment solutions provider. “I believe that we have reached a stage in the market…

Home-Based Business Regulations Launched

New regulations designed to make it easier for thousands of Jordanians to obtain licenses to run home-based enterprises were introduced by the government last month with support from USAID. The new regulations will help minimize startup costs and bureaucracy for…

Regional Online Transactions Up 22 Percent in 2016 – Payfort

The Middle East saw an overall 22 percent increase in online transactions during 2016, according to a new report from online payment service PayFort. The fourth State of Payments in the Arab World report found growth was strongest in Saudi…

The IMF on Lifting Subsidies on Bread

IMF Opposes Lifting Bread Subsidies

The International Monetary Fund (IMF) said it doesn’t recommend lifting subsidies on bread in Jordan, a controversial step the government is considering in an effort to balance its budget. “The IMF does not recommend lifting bread subsidies and does not…

Climate Change to Damage Low-Income Economies – Report

Climate change will cause serious long-term damage to the economies of low-income countries, according to new research published in the IMF’s latest World Economic Outlook (WEO). The evidence for rapid climate change is compelling and estimates suggest a 1°C increase…

Altibbi Health Platform Wins $6.5 Million Funding

Altibbi, the Amman-based health consultation platform, has raised $6.5 million in a new round of funding led by DASH Ventures and Middle East Venture Partners, along with strategic investors TAMM, RIMCO Investments, Endeavor’s Catalyst Fund and other undisclosed investors. The…