Tag: energy

Samsung Back to its Best

After tripping up with the underwhelming Galaxy S5, Samsung are back on top of their game with their latest flagship smartphones, the S6 and S6 Edge. By Sadad Talhouni Samsung’s Galaxy line has been on a downhill trajectory following the…

OBG on Subsidy Cuts: Light at the End of the Tunnel?

They’ve been painful, but there are signs subsidy cuts may have started to bear fruit. The Jordanian government’s decision in 2012 to begin a phased withdrawal of electricity subsidies was undoubtedly a good one from the point of view of…

GDP to Grow 4 Percent in 2015 – QNB

Despite a difficult regional context, the Qatar National Bank (QNB) Group said it expected Jordan’s real GDP growth to reach 4 percent over 2015, accelerate to 4.3 percent in 2016, and 4.5 percent in 2017. Jordan’s economy would continue to…

Hotel Electricity Rate Cut: A Misguided Move

The decision to slash electricity rates for hotels won’t do anything to solve the crisis in Jordan’s tourism sector. By Jawad J. Abbassi Jordan’s tourism sector plays an important role in the Kingdom’s economy. According to the Ministry of Tourism…

GAM to Convert Waste into Energy

The European Bank for Reconstruction and Development (EBRD) has loaned the Greater Amman Municipality (GAM) $13 million to fund the construction of a landfill-gas recovery system which converts municipal waste into energy. The project, which is the first of its…

Volatility Is Good

Market volatility never really goes away. The trick is learning to adapt to it. By Nader Museitif This year has seen a good share of volatility, on both global and regional levels. The price of oil has dipped since the…

Tesla Home Battery: The Answer to Jordan’s Solar Energy Conundrum?

It’s pretty obvious that Jordan, an energy-poor country with almost year-round sunshine, is set to benefit greatly from advances in solar power technology. But even with the encouraging appearance of more and more photovoltaic panels on the roofs of homes…

Climbing Up

In the World Economic Forum’s recently published Global Competitiveness Report 2014-2015, Jordan managed to improve its position, moving up from 68 to 64 out of 144 economies. Margareta Drzeniek, director and lead economist, Global Competitiveness and Benchmarking Network, tells Venture…

Russian Nuclear Energy Deal Signed

In a move which brings Jordan’s controversial nuclear energy program a big step closer to reality, the government recently signed a $10 billion agreement with Russia’s Rosatom to build the Kingdom’s first nuclear power plant. Chairman of the Jordan Atomic…

Nuqul Goes for Growth

Not content with its already strong position in Jordan and the wider region, the Nuqul Group is undertaking an ambitious expansion plan which aims to take the multifaceted company to the next level. By Elisa Oddone Ghassan Nuqul made a…