Category: News

IMF Says Jordan Wants Loan Extension

The International Monetary Fund said Jordan is seeking an extension to its three-year, $2 billion Stand-By Arrangement that expired earlier this month. “The (Jordanian) authorities have expressed interest in a successor arrangement with the fund,” Kristina Kostial, IMF’s mission chief…

Hikma Acquires Roxane Laboratories

In a move that is set to transform its position in the US generics market, Hikma Pharmaceuticals has announced that it is acquiring Roxane Laboratories for JD1.88 billion ($2.65 billion) in cash and stock. Hikma, which was one of a number…

Endeavor Chairman Calls for Creative Industry Body

While Jordan isn’t lacking in creative talent, attracting investment for media and art business ventures is no easy task. In order to grow the Kingdom’s creative economy, an industry body is needed to fight its corner, said Ali al-Husry, chairman…

Universities to Launch Digital Learning Platform

Jordan’s public universities are aiming to increase their Internet presence through a new online platform that will pool lectures, examinations, and lesson plans. The Jordan Universities Network (JUNet), in partnership with Microsoft Jordan, will launch the Jordan Open Courseware Platform—www.elearning.edu.jo—in…

Project Soli: Next-Gen Gesture Sensing Technology from Google

With Project Soli, Google has developed a new gesture-tracking technology which could potentially revolutionize the way we interact with everyday devices. Instead of a physical button, gamepad, or touchscreen, the radar-enabled chip that Google has developed allows simple hand movements…

Jordan Expected to Issue Debut Sukuk

Jordan said last month it was going to issue its first ever sovereign sukuk, or sharia-compliant bonds, soon. The long anticipated issuance is expected to rake in some JD400 million to finance real estate projects, a source familiar with the topic…

Orange Launches Dual-Screen YotaPhone 2

Last month marked the release of the Russian-made YotaPhone 2 in the Jordanian smartphone market, with Orange selected as the exclusive provider of the dual-screen handset. The launch of the 4G-enabled YotaPhone 2 “demonstrates our continued efforts to provide our…

BMW Launches i8 and i3 Electric Cars

BMW’s Jordanian distributor Abu Khader Automotive launched the i8 plug-in hybrid supercar in Jordan last month along with the i3, the first all-electric vehicle to be commercially available in the Kingdom. The i3 is a zero-emission, four-seat hatchback made from…

Autumn Launch for First Wind Farm

Jordan’s first utility-scale wind project is set to begin operating in September, said the head of the company behind the pioneering project which aims to help diversify Jordan’s energy basket away from its overwhelming reliance on expensive fossil fuels. Jordan…

Lenovo Upbeat about its Smartphones in Jordan

Lenovo launched its first range of smartphones in Jordan last month, joining other big Chinese tech manufacturers like Huawei in trying to capture a slice of the Kingdom’s growing handset market. Lenovo released seven budget-to-midrange models, ranging in price from…