Category: News

Careem app

Careem Aims to Recruit 10,000 Drivers by 2018

Fast-growing ride-hailing service Careem said it’s aiming to hire 10,000 drivers in Jordan by 2018, despite encountering regulatory problems in the Kingdom. The Dubai-based startup said it also planned to hire a further 2,000 employees to operate a new regional…

Issa Murad, Chairman of the Amman Chamber of Commerce, on energy price cuts

Businesses Welcome Energy Bill Cut

The Amman Chamber of Commerce said the government’s recent decision to lower energy prices for businesses across several sectors should significantly boost their competitiveness and revenue. The chamber’s chairman, Issa Murad, welcomed the move, calling the high cost of energy…

Ayla Oasis

Jordan’s First Championship Golf Course Opens in Aqaba

The Kingdom’s first championship golf course opened in Aqaba’s multi-million dollar Ayla development last month. The developers of the 18-hole, Greg Norman-designed course are confident it will become a big attraction. “Ayla Golf Course is a major tourism enabler for…

Gas App

New App Offers On-Demand Gas Cylinders

A young Jordanian entrepreneur has created a new app that delivers gas cylinders to homes. Fifteen-year-old Fares Abu-Shehab said his Jarra app should help save families the time and effort that would otherwise be spent on searching for gas distributors…

souq.com

Souq.com Plans IPO at $1.2 Billion Value – Report

Souq.com, the region’s biggest online retailer, is reportedly planning to sell around a 30 percent stake that would give the company a valuation of at least $1.2 billion. The Dubai-based company has appointed Goldman Sachs to find potential buyers for…

Luxury Goods in Dubai

Growth Eyed for Mideast Luxury Goods Market

While luxury goods sales remain sluggish in traditionally strong markets like Russia and China, demand for brands like Louis Vuitton and Bulgari look set to grow in the Middle East despite regional unrest, according to a recent Deloitte report. The…

SMEs and the lack of financing

Lack of finance Chief Challenge Facing Companies – Report

Almost a third of Jordanian firms cited limited access to finance as the top obstacle to their operations, a recent report said. report, produced by the European Bank for Reconstruction and Development, the European Investment Bank, and the World Bank…

Jordanian Truck Drivers

Border Closures Costing Jordanian Truckers Millions

Jordanian truck drivers have lost approximately JD600 million over the past five years due to the closure of borders with Iraq and Syria, the Jordanian Truck Owners Association said. The association’s president, Mohammad al Dawood, said overland journeys by truck…