Tag: Gulf

investment

Let’s Capitalize on Cheap Oil

We could just sit on the huge savings we’re making from plunging oil prices. Or we could plough them into developing renewable energy sources that reduce our reliance on expensive and polluting fossil fuels. A quick calculation of the savings…

Venture Explains: The Middle East’s Climate Change Catastrophe

What is it? Recent high-profile talks in Paris again highlighted what a big challenge climate change represents to the planet’s future. But some scientists are now predicting it could make parts of our region too hot for habitation in the…

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,…

investment

Spotting Opportunities

Everyone agrees the coming year will be a tough one for the region’s economies. But some countries will fare much better than others because their decision makers were bold enough to seek out new opportunities and act upon them. By…

ArabiaWeather to Fund Expansion With $7 Million Investment

ArabiaWeather, Jordan’s popular privately-owned weather website, recently raised $5 million in funding that will be used to fund a major expansion drive. Mohammed al Shaker, ArabiaWeather’s founder and CEO, said the investment deal was led jointly by Silicon Badia and…

The Insurance Sector: Dealing with the Disarray

A recent buyout in Jordan’s fragmented and overcrowded insurance sector could mean some much needed market consolidation is finally underway. But even so, big challenges still loom large. By Dina al-Wakeel Over the summer, First Insurance, which provides services based…

Bringing them Back: Boosting Jordan’s Ailing Visitor Numbers

Sapped by continuing conflict in surrounding countries, Jordan’s tourism sector has seen better times. But the Kingdom’s Tourism Minister Nayef al-Fayez is leading an ambitious drive to encourage visitors to return. By Elisa Oddone In the new science fiction epic…

Minister of Energy Ibrahim Saif on Future Fuels

Jordan’s energy minister is convinced sun and wind power hold one of the keys to energy independence. By Dina al-Wakeel Decision makers seem to have finally realized that part of the solution to Jordan’s pressing energy challenge lies in diversifying…

Jordanian Property Buyers in Dubai: the Reality Behind the Stats

Even though the statistics show Jordanians are snapping up millions of dollars worth of Dubai real estate, it doesn’t mean cash is flooding out of Jordan to do so. By Jawad J. Abbassi Dubai’s property market has rebounded well from…

Construction Woes

The head of Jordan’s contractors association says his members are starting to suffer due to a downturn in their sector. By Dina Al Wakeel According to the Department of Statistics, the number of building licenses issued during the first five…