Category: News

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…

Izzat Marji Sees Big Demand for Solar Power Systems

Solar power system provider Izzat Marji said demand for its products is growing rapidly as homes and small to medium sized businesses finally begin taking advantage of Jordan’s Renewable Energy Law. Between 2013 and 2014, the Director of Izzat Marji’s…

Food Prices to Drop by 20 to 30 percent – JCC

Food prices in Jordan are projected to decline this year by 20 to 30 percent, according to Raed Hamadeh, the food sector representative at the Jordan Chamber of Commerce (JCC). The price drop, which is largely due to the decline…

Samsung Gets Connected

The Internet of Things took center stage at this year’s Samsung MENA Forum, the mammoth annual event where the Korean tech giant unveils its product lineup for the coming year. Samsung Electronics Middle East and North Africa President Choong Ro…

QAIA Voted Best Middle East Airport for Service

Proving you don’t have to be a multi-billion dollar aviation mega hub to offer passengers a first-rate travel experience, QAIA has just been voted the best airport in the Middle East in the latest Airport Service Quality Awards. QAIA triumphed…

Cash Subsidies Missing the Mark – Report

A significant number of poor Jordanian households are losing out because the targeting mechanism for the Kingdom’s cash subsidy program isn’t accurate enough, an Identity Center report said. The report by the development think tank found that the targeting method,…

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…