Category: News

Patrick Harb, the regional manager for HMD

Nokia Calls Back

Three new Nokia smartphones are set to be released in the Middle East soon. Patrick Harb, the regional manager for HMD, the Finnish company that resurrected the Nokia brand last year, believes there will be significant market demand for the…

Unemployment

Unemployment hits 18.2 percent after methodology overhaul

Unemployment in Jordan reached 18.2 percent in the first quarter of the year after the Department of Statistics introduced a new methodology for calculating joblessness that now includes migrants and refugees, and any unpaid jobs and trainings. The figure, which…

Samsung QLED TV

Samsung Launches Next Generation QLED TVs

Samsung recently launched its eagerly awaited range of QLED TVs in Paris. The line up, which was launched at the famous Carrousel du Louvre and is expected to go on sale in Jordan in May, relies on Quantum dot technology for…

Attarat Power Co (APCO) oil shale

Attarat Secures Financing for Oil Shale Power Plant

Attarat Power Co (APCO), a Jordanian affiliate of Estonian-owned Enefit, last month said its plan to construct a $2.1 billion oil shale-fired power plant in Jordan had secured financing from a consortium of Chinese banks. The 470-megawatt plant is now…

Arab Bank CEO Nemeh Sabbagh

Central Bank Announces Development Funds to Kick-Start Economy

The Central Bank of Jordan plans to set up a series of multi-million dinar development funds designed to stimulate the economy. “The Central Bank has worked on a number of finance initiatives through funds to help out startups, small businesses,”…

Ronaldo Mouchawar, Souq.com CEO

Amazon Scoops up Souq.com

Internet giant Amazon has decided to enter the Middle East’s nascent e-commerce market by striking a deal to buy Dubai-based online retailer Souq.com. The announcement of the deal, which was reportedly worth around $650 million, ended months of speculation about…

AIG Female Leadership Conference

IDG Holds Workshop on Female Leadership

The Inspirational Development Group (IDG), a business consultancy, held a workshop for 43 women in Amman last month designed to develop female leadership skills so they are better equipped to improve their performance and face daily challenges. The two-day event…

Queen Alia International Airport (QAIA)

QAIA Hits Passenger Record in 2016

Queen Alia International Airport (QAIA) dealt with a record number of passengers during 2016. Annual passenger traffic rose 4.4 percent to just over 7.4 million, Airport International Group, the company that manages QAIA, said in a statement. Aircraft movement rose…

Jordanian entrepreneurs at the launch of an Endeavor survey

Most Jordanian Businesses Want to Relocate – Survey

Most companies in the Kingdom are considering relocating abroad, according to a new survey from Endeavor Jordan, the business mentorship group. Of the 125 companies surveyed, 72 percent said they were considering moving their headquarters abroad. Of these, over half…

aramex

Aramex Posts Bumper Results

Aramex reported that its full-year profit for 2016 surged 37 percent to JD82.4 million, fuelled largely by the growing popularity of e-commerce and a string of recent investments. The Dubai-based logistics giant, whose revenues also leapt 16 percent to JD838.7…