Category: News

Standard Chartered Upbeat on Economy

Standard Chartered dispatched some of its top regional analysts to Amman last month to brief its clients on the bank’s macro-economic outlook for Jordan and the wider region. Their overall assessment was fairly sunny, despite the obvious challenges that continue…

S&P Upgrades Jordan to “Stable”

Standard & Poor’s (S&P) returned Jordan to a stable outlook, almost three years after lowering its ‘BB-/B’ status to negative amid economical and political regional instability. The international rating agency expects the deterioration in the country’s fiscal and external balances…

Yahoo to Close Office in Jordan

In a move that will come as a major blow to Jordan’s ICT ambitions, Yahoo, the tech giant that bought Maktoob for millions, has announced it will be shuttering its Amman office by the end of the year. Yahoo said…

Cashing in on E-commerce

Local e-commerce startup CashBasha, which allows shoppers to make cash payments for products listed on Amazon.com, said it’s handled around 1,600 orders since it was established at the start of the year. ChashBasha Cofounder Fouad Jeryes said his company is…

Startup Captures Geopolitical Big Data

Investing in emerging economies, especially in the conflict-ridden Middle East, often comes with a degree of risk which can be tricky to weigh up if you don’t have access to the right information. EQLIM, a new Lebanon-based data and analytics…

Ever Cheaper Internet

Even though many of us enjoy nothing more than complaining about the ever increasing taxes and charges on our mobile bills, it’s hard not to begrudgingly admit that for most Jordanians accessing the Internet from smartphones, it has never been…

RJ’s Dreamliner to the Rescue?

Royal Jordanian’s first Boeing 787 Dreamliner took off on its inaugural flight from QAIA to London Heathrow Airport on September 1, with the loss-making airline no doubt hoping the addition of the next-generation airplane to its fleet will boost its…

EBRD: Jordan’s Long-term Development

The European Bank for Reconstruction and Development (EBRD) is fast shaping up to be a major supporter of Jordan’s economy, having sunk no less than $260 million into a variety of projects over the two years it’s been operating in…

Moumayaz

New Taxi Hotline Sidesteps App

A new taxi hotline has just been launched which will surely provide a boost for thousands of Jordanian cab drivers in the short-term, but is unlikely to stave off the threat of industry disruptive transport apps like Uber in the…

Exports

Car Exports Stall

Instability in the region continues to seriously disrupt Jordan’s trade with its neighbors. Exports from Jordan’s free zones to the Iraqi market, which usually accounts for 60 to 65 percent, have plunged to 20 percent since July as IS militants…