Category: News

Moumayaz

Moumayaz Launches Women-Only Taxi Service

Mirroring a fast growing global transport trend, Moumayaz has just launched a fleet of women-only taxis in Amman. The 20  vehicles will have female drivers and can only be booked via the Moumayaz hotline, The Jordan Times reported. “We are…

Jordanian-led Team Develops Flying, Submersible Drone

A Jordanian-led university research team that developed a drone that can fly, float, and dive underwater has won a $1 million prize at a top international competition. The Loon Copter, which was built by a group of University of Oakland…

digital competitveness

Coding for Kids

The ability to read and write computer code from a young age is becoming increasingly important in our technology-driven age. In an effort to address the need for greater ICT skills in the Middle East, a group of Harvard and…

Batelco Cancels Planned Umniah Sale

Bahrain’s Batelco has cancelled its planned sale of Umniah, citing market conditions. “We’re going to terminate the sale process. It’s not an optimal time to sell, it’s an optimal time to buy. Prices are reducing, the appetite of so many…

Al-Qadi Family Buys Bristol Rovers Soccer Club

Jordan’s Al-Qadi family, the business tycoons and founders of the Arab Jordan Investment Bank (AJIB), has bought a 92 stake in England’s Bristol Rovers soccer club for an undisclosed sum. The new president of the 133-year-old, Division Two club will…

Batelco Receives Bids for Umniah

Bahrain’s Batelco said it has received bids to buy Umniah, ending months of speculation surrounding the possible sale of Jordan’s third biggest telecom operator. “After a detailed review of the asset by Batelco and its financial advisor, it was decided…

Wamda Capital Reaches Funding Milestone

Tech Growth Fund Wamda Capital has raised $60 million in the first round of funding of a $75 million Wamda MENA Ventures I fund, and invested 40 percent of that so far. The venture capital firm, which is based in…

Air Arabia Eyes Growth in 2016

Last year Sharjah-based low-cost carrier Air Arabia made Amman its fifth hub through a 49 percent acquisition of Petra Airlines, which was then relaunched as Air Arabia Jordan. On the sidelines of the recent Arab Aviation and Media Summit in…

Del Monte Eyes Jordanian Farms

Del Monte, the giant American producer and distributor of canned fruits and vegetables, said it’s looking to buy farms in Jordan. In a statement, Del Monte said it was planning to acquire farms in Jordan, as well as neighboring Saudi…

Struggling Yahoo to End Middle East Presence in April

Yahoo, the troubled Internet giant that famously bought Jordan’s Maktoob, said it plans to close its last remaining Middle Eastern office in April. In a statement, Yahoo said the decision to shutter its Dubai office came as part of the…