Category: News & Views

startup

Tunisia Strengthens Startup Scene through ‘Startup Act’

Tunisia’s parliament has just voted to adopt a groundbreaking piece of legislation that will broaden and strengthen the country’s startup community. Other Arab states should take note. While Tunisia is best known over recent years for successfully adopting a series…

Middle East Car of the Year 2018

Volvo beat off some tough competition to take the top prize at the region’s premier car awards in Abu Dhabi. Volvo triumphed at the Middle East Car of the Year (MECOTY) in Abu Dhabi. The Swedish manufacturer’s XC60 was awarded…

financial fraud

Regional Financial Fraud Jumps – Survey

The number of regional firms reporting incidents of financial fraud rose to 34 percent from 26 percent over the past two years, according to a PwC survey. Asset misappropriation, business misconduct, and fraud committed by consumers are the three most…

retail

Retail Giants: The Age of Amazon

Despite Trump’s tweets, there’s little stopping the onward march of Jeff Bezos’s technology giant. Compared to the retail giants of the world, Amazon is bigger than the 13 combined global retailers including the likes of Walmart, Costco, Target, Tesco and…

Marriott International

Marriott International Opens in W-branded Hotel in Amman

The Marriott International opened its first W-branded hotel in Jordan last month. Developed by Eagle Hills Jordan, the 280-room, 37-story branch in Amman features seven floors of serviced apartments and a helipad, Eagle Hills Jordan announced. The hotel is located…

forecasts

Economic Forecasts and Predicting Growth

While certainly useful, economic forecasts shouldn’t distract decision makers from pursuing sound economic strategies. In a recent report, the World Bank Monitor said Jordan’s maximum real growth this year was unlikely to exceed 2.4 percent. While the average outlook over…

Green City

EBRD Partners With GAM to Make Amman a Green City

The European Bank for Reconstruction and Development has signed a memorandum of understanding with the Greater Amman Municipality to fund projects that aim to ensure the capital’s sustainable growth. Under the agreement, which was signed by Amman’s Mayor Yousef al Shawarbeh…

strike

Professional Associations Strike Against Changes to Income Tax Law

Thousands from thirty-three associations and unions took part in a strike against the proposed modifications to the income tax law today. The main associations who joined the strike include doctors, engineers, journalists, teachers, lawyers, and pharmacists who reject the draft law….

wastewater

Irbid Wastewater Network to be Co-Financed by EU

The European Bank for Reconstruction and Development (EBRD) said the EU has agreed to co-finance a multi-million euro project to construct new wastewater network in Irbid, a city that has been forced to absorb thousands of Syrian refugees over recent…

infrastructure investment

EBRD Finances Infrastructure Investment Program

The European Bank for Reconstruction and Development (EBRD) has signed a preliminary agreement with Jordan to finance an infrastructure investment program worth 2.8 billion euros. “This memorandum of understanding further cements the cooperation between the EBRD and the government of…