Tag: Industry

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: PBI Aqaba- The Industrial Ingredient

Aqaba’s future doesn’t just lie in luxury lifestyle projects. Companies like PBI Aqaba are fast molding the Red Sea port into a major center for manufacturing, logistics, and storage services. Aqaba’s glamorous leisure and tourism projects are naturally more adept…

steel

Venture Explains: The Plummeting Price of Steel

What’s happening? According to Al Ghad, the price of steel in Jordan dropped 23 percent to JD385 per ton in the first 10 months of the year, compared to the same period in 2014. The declining cost of the metal in…

Time to Build

Jordan has signed multimillion dollar funding deals for a wide array of new infrastructure projects. But not everyone is happy about who gets to build them. Jordan has inked more than $600 million worth of funding agreements in recent months,…

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…

EBRD Loans $21 million to Al Jazeera Agricultural Company

In an effort to foster economic development in rural areas of Jordan, the European Bank for Reconstruction and Development (EBRD) has loaned $21 million to the Al Jazeera Agricultural Company to help expand and upgrade its facilities. The investment will…

Latin America

Global Interest Growing in Gulf Real Estate Projects – Deloitte

A growing number of international construction firms, particularly from China, are lining up to invest in the Gulf region’s trillion-dollar real estate sector, according to Deloitte. With $2.8 trillion worth of projects planned or ongoing in the Gulf Cooperation Council…

Cozmo: Shopping for Success

With the opening of a major new branch in Amman’s Taj Mall, Cozmo is forging ahead with an expansion plan that aims to cement its position as one of Jordan’s leading supermarket chains. By Jane Hosking Photography by Alaa’ al-Sukhny…

Hikma to graduate to FTSE 100

Hikma Pharmaceuticals is set this month to take its place alongside GlaxoSmithKline, AstraZeneca and Shire as a fourth blue-chip drug maker on the FTSE 100, Britain’s benchmark share index. Hikma will push Tullow Oil out of the esteemed club of…

Full Growth for MENA Internet in 2015

These are exciting times for MENA’s online industry. Traditional sectoral investors are starting to worry about the impact of low oil prices, a potential slowdown in construction and real-estate, and eroding margins in telecom and banking. On the other hand,…