Business Archive
  • »Oil prices slip on dollar rally, ample supply

    Tue 19 May / May 2015. 05:58 PM
    Brent crude oil fell below $66 a barrel on Tuesday as the dollar strengthened and on evidence of ample supplies of Middle Eastern oil despite wars in northern Iraq, Syria and Yemen.
  • »Loans, deposit growth underpin profit at Jordan's Arab Bank

    Wed 6 May / May 2015. 08:31 AM
    Arab Bank Group, Jordan's largest lender, posted a small rise in first-quarter net profit to $217.2 million on Wednesday, helped by a rise in loans and customer deposits.
  • »Fed's Yellen says met firm at heart of leak probes

    Tue 5 May / May 2015. 11:58 AM
    U.S. Federal Reserve Chair Janet Yellen met with a research firm that later published confidential information from the central bank, she said on Monday.
  • »Warren Buffett denies that Berkshire Hathaway 'too big to fail'

    Sun 3 May / May 2015. 01:11 PM
    Warren Buffett on Saturday rejected the idea that Berkshire Hathaway Inc, a sprawling conglomerate he has built over 50 years, has grown so big that it is now too big to fail and requires tighter regulatory oversight.
  • »U.S. economy nearly stalls in first-quarter as weather, lower energy prices bite

    Wed 29 April / Apr 2015. 05:30 PM
    U.S. economic growth braked more sharply than expected in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashed spending, but there are signs activity is picking up.
  • »Oil prices hold steady as Yemen bombing continues

    Thu 23 April / Apr 2015. 10:42 AM
    Oil prices held steady on Thursday as renewed fighting in Yemen countered worries over rising U.S. crude inventories due to still-robust shale production.
  • »Big Bike Show 2015

    Thu 9 April / Apr 2015. 02:43 PM
    Ideal Vision for Marketing and exhibitions, had organized a motorcycle exhibition which was the first of its kind in Jordan. The Exhibition was under the patronage of his Excellency Ala’ Al- Bataynah, in contribution with Jordan Traffic...
  • »Shell challenges Exxon dominance with 47-billion-pound bid for BG

    Wed 8 April / Apr 2015. 05:10 PM
    Royal Dutch Shell agreed to buy smaller rival BG Group for 47 billion pounds ($70.2 billion) in the first major energy industry merger in more than a decade, closing the gap on market leader U.S. ExxonMobil after a plunge in prices.
  • »Mercedes, Nissan expand cooperation to build pickup

    Tue 7 April / Apr 2015. 06:38 PM
    Daimler on Tuesday said it would expand its cooperation with partner Nissan to develop a mid-sized pickup truck for Mercedes-Benz, as the German premium auto maker seeks to narrow the sales gap with rival BMW.
  • »Oil falls as Iran, China discuss more supply

    Tue 7 April / Apr 2015. 05:34 PM
    Brent crude oil fell below $58 a barrel on Tuesday on signs of growing oversupply as Iranian officials visited Beijing to seek more oil sales following the framework nuclear deal that could lead to the lifting of sanctions.
  • »Oil up more than $1 after Saudi's Asia price hike

    Mon 6 April / Apr 2015. 04:02 PM
    Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised its prices for crude sales to Asia for the second month running, signaling improved demand in the region.
  • »Greece moves to quell default fears, pledges to meet 'all obligations'

    Mon 6 April / Apr 2015. 04:02 PM
    Greek Finance Minister Yanis Varoufakis said on Sunday that Greece "intends to meet all obligations to all its creditors, ad infinitum," seeking to quell default fears ahead of a big loan payment Athens owes the IMF later this week.
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