Category: News

Minister of Finance Omar Malhas at the Euromoney Conference

Jordan to Begin Talks With IMF on $700-$800 Million EFF

Jordan is expected to begin talks with the IMF this month to try to secure an Extended Fund Facility (EFF) with the international lender worth between $700 and $800 million. The talks come after Jordan successfully completed a three-year, $2…

The World Bank

Jordan GDP to Hit 3 Percent in 2016 – World Bank

The World Bank said Jordan’s GDP should reach 3 percent in 2016, up from 2.4 percent in 2015, which was the slowest pace of growth in four years. In its latest MENA Economic Report, the bank said the rise in…

QAIA

QAIA Tops Airport Service Quality Awards

Queen Alia International Airport (QAIA) has been voted the best airport in the region for the second year in a row at the annual Airport Service Quality Awards. QAIA beat off stiff competition from the likes of Dubai International Airport…

Gemalto Jordan e-ID card

Gemalto Chosen to Introduce e-ID Program

International digital security firm Gemalto said it’s been selected by the Ministry of ICT to implement a new citizen ID program across Jordan. Amsterdam-based Gemalto said in a statement it’s been tasked with delivering e-ID cards as well as automatic…

Nuclear Research Reactor

First Research Reactor Set to be Activated by September

The Kingdom’s first research and training nuclear reactor is expected to go on line by September at the Jordan University of Science and Technology (JUST) in Irbid. Construction of the 5-megawatt reactor, which is being built by the Korea Atomic Energy…

APC 2015 Net Profits Surge 31 Percent

Arab Potash Company (APC) said its 2015 net profits rose 31 percent year-on-year to around JD131 million, while it also achieved a record production volume of 2.355 million tons over the same period. In a statement, APC’s chairman Jamal al…

Identity Center Report, Investment

Depsite Reforms, Jordan Still Failing Investors – Report

Even though it’s made encouraging moves to attract greater FDI over recent years, such as the introduction of the 2014 Investment Law, Jordan still isn’t doing enough to develop an investor-friendly business environment, a new report by the Identity Center…

Moumayaz

Moumayaz Launches Women-Only Taxi Service

Mirroring a fast growing global transport trend, Moumayaz has just launched a fleet of women-only taxis in Amman. The 20  vehicles will have female drivers and can only be booked via the Moumayaz hotline, The Jordan Times reported. “We are…

Jordanian-led Team Develops Flying, Submersible Drone

A Jordanian-led university research team that developed a drone that can fly, float, and dive underwater has won a $1 million prize at a top international competition. The Loon Copter, which was built by a group of University of Oakland…

The Coding Circle

Coding for Kids

The ability to read and write computer code from a young age is becoming increasingly important in our technology-driven age. In an effort to address the need for greater ICT skills in the Middle East, a group of Harvard and…