Category: News & Views

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…

Tamatem Hits Six Million Downloads

The runaway success of a mobile game featuring a food delivery guy racing around the potholed streets of Amman recently helped Jordanian games publisher Tamatem to hit the six million download mark. Tamatem said its King of Delivery game, which…

Green City

Low Rise to High Rise?

In an effort to prevent Amman from inefficiently sprawling outwards as its population soars, city planners are considering allowing apartment buildings in the capital to rise to six floors from the current four. GAM said it might amend long-established building…