Tag: Growth

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…

investment

Perhaps the Sky isn’t Falling

A rational evaluation of the state of the global economy is needed to counter the effect of the doom and gloom merchants causing jitters in markets. By Khalid W. Wazani Although in economic theory, prices are the main determinant of…

tax

Too Much of a Good Thing

An over reliance on foreign aid has allowed successive governments to put off taking the tough steps needed to create a truly sustainable economy. For the sake of Jordan’s future, this has to change. By Laith al-Qasem Jordan is a…

Tourism Drive Reaping Results

Jordan’s struggling tourism industry appears to have begun benefiting from a package of measures introduced last year that aimed to entice first time holidaymakers to the Kingdom and win back repeat visitors, particularly from the Gulf. Thanks to its abundance…

Remuneration

The Right Remuneration

Deciding what salary they should pay themselves can be one of the trickiest questions that founders face. By Rebecca Irvine While Emile Cubeisy, managing partner at venture capital firm Silicon Badia, believes there’s no clear cut answer to how big…

economy

Upbeat Outlook for Jordan’s Economy

The Kingdom’s economy performed well last year despite regional unrest, and its upward trajectory looks set to continue in 2016. Steady reform and targeted growth bolstered investor confidence in Jordan’s economy in 2015, as weaker oil prices helped support a…

Aqaba Rising

This month, Venture presents a snapshot of the work underway to realize Aqaba’s ambitions of becoming a major hub for everything from tourism and manufacturing, to logistics and cargo support. With its strategic location, state-of-the-art port, kilometers of sandy beaches,…

Del Monte Eyes Jordanian Farms

Del Monte, the giant American producer and distributor of canned fruits and vegetables, said it’s looking to buy farms in Jordan. In a statement, Del Monte said it was planning to acquire farms in Jordan, as well as neighboring Saudi…

The Work Ahead for the ILO

The International Labour Organization’s newly-appointed regional chief has big plans to improve the lot of workers in Jordan over 2016 and beyond. By Rebecca Irvine With its mission to promote rights at work, encourage decent employment opportunities, enhance social protection,…

Struggling Yahoo to End Middle East Presence in April

Yahoo, the troubled Internet giant that famously bought Jordan’s Maktoob, said it plans to close its last remaining Middle Eastern office in April. In a statement, Yahoo said the decision to shutter its Dubai office came as part of the…