Category: News

Palestinian-Designed Charger Shoots Past Crowdfunding Goal

A tiny USB top-up charger designed by a team of Palestinian tech entrepreneurs has raked in around $70,000 on the Indiegogo crowdfunding platform—nearly five times its original funding target. The BOLD Knot, which comes in the shape of a knot…

Fund Activates JD25 Million for Renewable Energy Projects

The Jordan Renewable Energy and Energy Efficiency Fund (JREEEF) said it has given the green light for the disbursement of JD25 million to provide financial and technical assistance to sustainable energy projects through to 2018. The fund, which is a branch…

Millennium Development Goals Help Lift 1 Billion Out of Poverty

The United Nations Millennium Development Goals have managed to lift 1 billion people out of extreme poverty, according to a UN report released last month, which assessed the effectiveness of the 15-year strategy. Initiated in the year 2000, the eight…

Latin America

Global Interest Growing in Gulf Real Estate Projects – Deloitte

A growing number of international construction firms, particularly from China, are lining up to invest in the Gulf region’s trillion-dollar real estate sector, according to Deloitte. With $2.8 trillion worth of projects planned or ongoing in the Gulf Cooperation Council…

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…