Category: News

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…

Careem

Careem adds Mumayaz to its Fleet

In a sign that ride-haling apps might soon be officially licensed, Careem announced last month that its users will now be able to book cars belonging to Al Mumayaz taxis. “Careem is a technology platform that is available for everyone…

Microsoft Jordan Country Manager Hussein Malhas

Microsoft Opens EMEA Support Hub in Jordan

Microsoft opened a major new support center in Jordan last month to serve clients across Europe, the Middle East, and Africa. The global Customer Service and Support Hub is staffed by a team of more than 70 Jordanians fluent in…

Unemployment in Jordan not expected to fall -ILO

No fall in Jordan’s Unemployment Rate Expected in 2017 – ILO

Unemployment in Jordan and other Arab countries weighed down by the region’s twin security and refugee challenges will remain stuck at around 15 percent this year, the International Labour Organization (ILO) said in a new report “The unemployment rate for…

The EBRD

EBRD Could Boost Investment to 150 Million Euros This Year

The European Bank for Reconstruction and Development (EBRD) said it could invest as much as 150 million euros in Jordan in 2017, up from 120 million euros the previous year. “Last year’s target started off with 120 million euros that…

Heike Harmgart, the head of the EBRD office in Jordan

Overhaul of Financial Watchdogs Needed – Study

Jordan’s financial regulators need to undergo greater reform for the Kingdom’s capital markets to achieve their full potential, the European Bank for Reconstruction and Development (EBRD) said in a new strategy paper it produced in conjunction with the Jordan Securities…

Dead Sea Red-Dead Project

Consortiums Selected for Red-Dead Project

The Ministry of Water and Irrigation has chosen five international consortiums to carry out the first phase of a $1.1 billion conveyance project that will use water from the Red Sea to replenish the rapidly receding Dead Sea. The consortiums…

Dealmakers Event in Amman 2016

Mideast Tech Community Meets for DealMakers 2016

Endeavor Jordan held its fourth annual DealMakers event in Amman last month, once again providing some of the region’s top entrepreneurs and investors with the opportunity to meet face-to-face. The event was attended by 62 entrepreneurs, representing some of the…

Arab Bank

Jordanian Investors Poised to Buy Saudi Oger’s Stake in Arab Bank

A Jordanian consortium has lodged a bid for Saudi Oger’s 20 percent stake in the Arab Bank after Saudi Arabia’s Fawaz Alhokair family withdrew its own $1.1 billion offer, Reuters reported citing banking sources. A deal with investors led by…