Category: News

Nestrom

Agri-Tech Firm Nestrom plans Growth with Seed Funding

Jordanian agri-tech startup Nestrom has secured undisclosed amounts of seed funding from 500 Startups, Wamda Capital, Propeller Inc, Agrimatco, and several other angel investors. The funding will be used for product development and penetrating new markets in the region, said…

Royal Jordanian (RJ)

Royal Jordanian Offers Staff Voluntary Redundancy

Royal Jordanian is offering its staff voluntary redundancy as part of the airline’s ongoing efficiency drive. The airline said in statement that it had struck a deal with the General Union for Air Transport allowing employees to “obtain a voluntary…

gcc

Luxury Travelers from GCC Outbound Market Set to Increase in 2018

The GCC is home to a vast number of nationalities and hence their preferences, tastes, the idea of an experience and values are so diverse. However, when it comes to outbound travel from the region, there appears to be focus…

ryanair

Low Cost Giant Ryanair Launches European Routes to Jordan

Europe’s biggest low-cost carrier, Ryanair, will launch its first flights to Jordan with 14 routes in total to Amman and Aqaba airports in March. The new routes are expected to deliver almost 500,000 customers as Ryanair expands its operation in…

roundtable discussions

Endeavor Holds Startup Finance Roundtable

Endeavor Jordan held the first in a series of roundtable discussions between banks and entrepreneurs last month in an attempt to find new ways of financing startups in Jordan’s historically risk-averse lending culture. Financial institutions in Jordan and the wider…

foreign patients

PHA Blames Government Visa Rules for Plunging Medical Tourism Numbers

The number of foreign patients visiting Jordan for treatment slumped by 40 percent over 2016 and 2017 due to stricter visa rules imposed by the government, the head of the Private Hospitals Association told The Jordan Times. “In 2015, the…

ILO: Global Unemployment to Remain High in 2018

  As the global economy recovers but fails to keep up with an ever-growing labor force, global unemployment in 2018 is projected to remain at a similar level to last year’s, according to the World Employment and Social Outlook: Trends 2018, a…

solar Plant

EBRD Provides a $22 Million Loan for Solar Plant

The European Bank for Reconstruction and Development (EBRD) said it provided a $22 million loan for the construction and operation of a 50 MW solar plant in the Risha region, 300 kilometers north-east of Amman. The loan will be provided…

Etihad

Etihad to Launch Second Daily Flight Between Abu Dhabi and Amman

Etihad Airways is launching a second daily flight between Abu Dhabi and Amman in March. “The double daily year-round schedule will provide greater choice to local passengers traveling between Abu Dhabi and Amman, with attractive timings of early afternoon and…

Airport International Group

Airport International Group: Second Decade of Success

CEO Kjeld Binger, leads Airport International Group into a 2nd decade of success.  Airport International Group is marking a decade of managing Jordan’s prime gateway to the world, Queen Alia International Airport. Since assuming responsibility for the rehabilitation, expansion and operation…