Category: News

Hellofood Pushes into Online Groceries

Online food ordering giant Hellofood has joined forces with the Dukkan supermarket chain to launch an online grocery delivery service. “We have started expanding to grocery stores as our aim is to become the leading marketplace for food,” said Hellofood…

The Haves and the Have Nots

The world’s richest 1 percent will own more than half of global wealth by next year, a report by anti-poverty charity Oxfam revealed. The richest 1 percent currently own 48 percent of all global wealth, Oxfam said. In 2016 that…

A Crisis Costing Billions

The Syrian civil war, coupled with the spread of ISIS, has so far cost countries in the region over $33 billion, according to a World Bank report. The policy research working paper quantifies the direct and indirect economic impact of…

Nuqul Plans to Sell 25 Percent Stake in Fine – Vice Chairman

Jordan’s Nuqul Group is planning to sell off around 25 percent of Fine Hygienic Holdings, one of the region’s largest tissue and paper products manufacturers, in a bid to boost the group’s growth, Nuqul Vice Chairman Ghassan Nuqul told Venture….

Military Meals for Microwaves

A company best known for making military food rations recently began producing a line of ready meals that everyday Jordanians can pick up from their local supermarket. The Akleh range from the Arab Ready Meals (ARM), a Malaysian-Jordanian joint venture,…

Aramex Announces Tenth Year of Record Profits

Aramex, the global logistics and transportation solutions provider, today announced its full year financial results for 2014, which was the tenth consecutive year of record profits since the company was listed on the Dubai Financial Market. The company’s 2014 full…

Russia’s Downturn Adds to Weakness in EBRD Economies

A sharp fall in the price of oil has piled pressure on an already fragile Russia, and is hitting growth in energy exporters and other emerging nations with close links to eastern Europe’s largest economy, according to the EBRD’s latest…

Keep Diversifying Energy – First Solar

US photovoltaic company First Solar, which plans to build one of the region’s biggest solar power plants in southern Jordan, said recent major oil price fluctuations mean it’s vital for states in the region to continue diversifying their energy sources….

EBRD: Firms Need Greater Government Help

Jordanian firms need more government support to overcome challenges holding back greater competitiveness and innovation, including lack of access to finance, corruption, skill shortages, and over-burdensome taxes, according to a major new report from the European Bank for Reconstruction and…

Crowdfunding Aids Gaza Accelerator

A crowdfunding campaign aiming to save Gaza’s only technology accelerator from closure looks set to end this month with its original funding target of $70,000 oversubscribed by 150 percent. The campaign was launched in November on the Indiegogo crowdfunding website…