Tag: Oil

Easing Investment in Iraq

Momentum seems to be building behind Khaled Kanaan’s ambitious plan to break down barriers of entry into Iraq to promote greater cross-border trade, investment, and cooperation. But the prominent Jordanian businessman admitted that convincing more of his peers to bet…

Building Up Dubai

Despite recent volatility, Dubai’s real estate sector is proving to be more resilient than ever. By Nader Museitif Everyone loves chatting about Dubai’s real estate sector, even those who don’t actually live in the city, which is now synonymous with…

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…

The Arab Potash Company: Did Privatization Work?

This article appeared in the April, 2014 edition of Venture.   More than a decade has passed since the Arab Potash Company was partly sold off under Jordan’s controversial privatization drive. Was it a wise move? By Dina al-Wakeel Jordan’s controversial…

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,…

Food Prices to Drop by 20 to 30 percent – JCC

Food prices in Jordan are projected to decline this year by 20 to 30 percent, according to Raed Hamadeh, the food sector representative at the Jordan Chamber of Commerce (JCC). The price drop, which is largely due to the decline…

Jordan’s Top Businesswomen: Meisa Batayneh

This feature is part of a series highlighting some of the most prominent Jordanian businesswomen who managed to climb to the top of the corporate ladder in their respective fields in the Kingdom. Founder and Principal Architect at Maisam Architects and Engineers Meisa Batayneh…

Venture Explains: The Big Three Gulf Carriers

Who are they? The global airline industry is being shaken up by a trio of ambitious Gulf-based carriers: Dubai’s Emirates, Abu Dhabi’s Etihad, and Qatar Airways. The impressive scope and pace of their expansion has longer-established legacy carriers like British…

Electricity: Rebalance, Don’t Hike

The government’s plan to increase electricity rates across the board will damage both its credibility and the economy. By Jawad J. Abbassi The rapid drop in oil prices, by over 60 percent since the summer, is a game changer for…