Category: News

Liwwa P2P Lender Scores New Investment

In a sign that crowdsourcing is set to become an important fundraising option for the region’s cash-starved SMEs, Amman-based peer-to-peer lender Liwwa recently closed a successful financing round involving three major investors. The round was led by DASH Ventures, with…

Google’s Internet Balloons Near Lift Off

Google have never been a company to shy away from a challenge. With Project Loon, the tech giant is having a crack at connecting millions of people around the world to the Internet via balloons drifting around the stratosphere. According…

Half of Syrian Refugee Children out of School – Report

Almost half of Syrian refugee children in the region are not receiving any form of education, according to a recent report by Save the Children. The report also revealed that school enrollment within Syria had fallen from 95 percent to…

Approval Opens Door to Greater Crowdfunding Opportunities

Dubai-based crowdfunding platform Eureeca has just received regulatory approval from the UK’s powerful Financial Conduct Authority (FCA), which should give a major boost to Jordanian startups and early-stage businesses seeking investment. The FCA approval means Jordanian companies will be in…

Petra Tourism Crash

Visitor numbers to Petra have plunged over recent years, forcing several hotels to close. Jordan Hotel Association Chairman Michael Nazzal said a solid investment from the government and a thoroughly planned marketing operation are needed to attract tourists back to…

E-Commerce Growth Driving Interest in Online Security

Jordan’s fast developing e-commerce market is convincing more companies to seek ways of making online transactions more secure, said Medhat Iskander, business development manager at payment solution provider BPC Banking Technologies. “Fraud happens when not enough security measures are implemented….

New Traffic Cameras Making Roads Safer – GAM

Despite their unpopularity with motorists, GAM said there’s clear evidence the recent installment of 22 new traffic cameras around Amman is making the capital’s roads safer. In their first day of operation last month, the new cameras, which include five…

InterContinental’s New Manager Upbeat

InterContinental Hotel Group (IHG) recently appointed Micheal Koth to the positions of Director of Operations for the Levant, and the of InterContinental Jordan. The industry veteran is confident he can maintain his group’s leading position in the Kingdom’s fast developing…

Hikma to graduate to FTSE 100

Hikma Pharmaceuticals is set this month to take its place alongside GlaxoSmithKline, AstraZeneca and Shire as a fourth blue-chip drug maker on the FTSE 100, Britain’s benchmark share index. Hikma will push Tullow Oil out of the esteemed club of…

Maersk Launches New Service through Aqaba

Denmark’s Maersk Line, the world’s largest container shipping company, is promising Jordanian companies faster and easier access to global markets with the launch of a new service that directly connects Aqaba to South India and the Western Mediterranean. With its…