Tag: Jordan

Energy-Round

Firms Selected for Third Renewable Energy Round

A total of 34 companies have qualified for the third round of Jordan’s renewable energy projects, Minister of Energy Ibrahim Saif said last month. The companies were chosen from a list of 70 domestic and international firms that expressed an…

Honeywell

Honeywell UOP to Support $1.6 Billion Refinery Expansion Project

Honeywell UOP last month signed an agreement with the Jordan Petroleum Refinery Company (JPRC) to support a $1.6 billion expansion of its refinery in Zarqa. This expansion will increase the capacity of Jordan’s sole refinery to 120,000 barrels per day…

IFC

IFC Invests $45 Million in MS Pharma

The International Finance Corporation (IFC), the private sector arm of the World Bank, is making a $45 million equity investment in Jordan’s MS Pharma. “We believe that supporting leading companies such as MS Pharma will not only improve access to…

Digital-Leapfrogging

Digital Leapfrogging Could Boost Region’s Economy by Billions – McKinsey

With proper implementation, digital leapfrogging could add $95 billion to the Middle East’s annual GDP by 2020, according to McKinsey & Company’s regional head. The international consultancy has been researching into how digital leapfrogging has the potential to be a…

Farmers-import

Farmers Urge End to UAE Produce Import Ban

Farmers are urging the government to pressure the UAE to lift an import ban on Jordanian fruits and vegetables. This was imposed last month after a shipment was found to have unacceptably high levels of pesticide residue. “If samples of…

Thinking Critically

Education: Thinking Critically

Which challenge should be considered the most vital and pressing given the current circumstances the region finds itself in? This question was posed to an audience at last month’s WEF meeting in Jordan. Most voted that reform was most needed…

Ritz-Carlton

Ritz-Carlton Hotel to Open in Amman in 2020

Al Eqbal Real Estate Development and Marriott International have signed a deal to open a Ritz-Carlton hotel in Amman in 2020. The hotel will be built on the city’s Fifth Circle, adjacent from three other five-star hotels, and feature 230…

Primus

Primus Primed

When Amer Nasereddin returned to Jordan in 1996 upon completing his studies at the University of Washington in Seattle, he quickly spotted a chance to put his business administration degree to good use. “I realized there were particular gaps in…

Insurance

Solidarity: Insuring Tomorrow

First Insurance was established in 2007 with a paid up capital of JD28 million. The company entered an already crowded market that was ripe for consolidation. This finally happened last year, when First Insurance absorbed rival Yarmouk Insurance, to become…

Khutoutna App: An Alternative Way to Navigate Amman

Ma’an Nasel, the public transport campaign group that I helped found, recently launched its own app. It has a feature that allows users to enter starting and ending points in Amman to obtain public transport routes they can take to…