Business Archive
  • »First Contracted Wheat Shipment to Arrive soon

    Sun 20 March / Mar 2016. 12:00 AM
    AMMAN — The first contracted 50 thousand tonne shipment of wheat arrives in Jordan middle of April, through the Emirati Company, according to Ministry of Industry, Trade, and Supply speaker Yanal Barmawi.
    Barmawi stated to “Al...
  • »Government Exempt Natural Gas Imports from Customs

    Sun 20 March / Mar 2016. 12:00 AM
    AMMAN —Al Ghad— The Cabinet recently agreed to exempt liquidated natural gas importations from the 30 per cent custom fee with the retention of sales taxation; the Kingdom’s imports of Natural Gas in 2015 amounts to JOD33.75...
  • »Jordan Periled By Imminent Insolvency

    Thu 17 March / Mar 2016. 12:00 AM
    The 2016 budget bill was approved by Jordan’s elected parliament, on January 14th, followed by the monarchy-appointed senate’s vote to adopt the budget ten days later. However, with the current macroeconomic policy in place, the...
  • »Solar Energy Panels for Impoverished Households

    Wed 16 March / Mar 2016. 12:00 AM
    AMMAN — Ministry of Energy and Mineral Resources intends to set up households outside the grid with solar energy panels. The project is financed by the Countryside Contributions from Electricity returns, at a ceiling per household of JOD6...
  • »1000 Megawatts Plugged Into Electricity Grid Before 2018

    Tue 15 March / Mar 2016. 12:00 AM
    AMMAN — National Electricity Company anticipated around 980 Megawatts to be plugged into the grid by 2018 from renewable energy and traditional fuels.
    500 Megawatts are expected to integrated during the current year 2016 from renewable energy...
  • »World Bank Calls for Government to Retain Option to Increase Electricity Prices

    Mon 14 March / Mar 2016. 12:00 AM
    AMMAN — In a recently published report, the World Bank (WB) recommended retaining the option to increase electricity prices for the two years 2016 and 2017 in order to  balance out total returns and costs for the national electricity...
  • »“Water” Department Commences on 10-Year Plan to Cut Sector Financial Losses

    Mon 14 March / Mar 2016. 12:00 AM
    AMMAN — Water and Irrigation Ministry initiated the implementation of the new National Strategy entailing the increase of contribution margins for operational and maintenance expenses 57 per cent to reach 127 per cent by 2025; the new plan...
  • »Mother’s Day Nearing Revitalises Commercial Sectors

    Mon 14 March / Mar 2016. 12:00 AM
    AMMAN — Local commercial markets show increase in commercial activity as Mother’s Day —21st of March, approaches, particularly gift shops, clothes, and electrical appliances, amidst a general recession and a decrease in purchasing...
  • »Local and Important Red Meat Prices Decrease Due to Excess in Supply

    Mon 14 March / Mar 2016. 12:00 AM
    AMMAN — Merchants confirmed that the price per kilogram of local red meat has decrease a full JOD1, by 10 per cent, since the beginning of the year as market supplies of imported, particularly Romanian, red meats increase.
    Prices currently...
  • »Maha Ali: Exporting Companies To Abide By New Egypt Regulations

    Mon 14 March / Mar 2016. 12:00 AM
    AMMAN — Minister of Industry, Trade, and Supply, Maha Ali, informed Jordan industry Chambers of the new registration regulations and prerequisites set by Egyptian Authorities to qualify national Jordanian products exported to Egypt.
    The new...
  • »“ACWA Power” Acquires 70% of “Solar SunRise”

    Sun 13 March / Mar 2016. 12:00 AM
    AMMAN — “ACWA Power” declared the Company has acquired 70 per cent of the solar energy company “SunRise” —owners of the independent 50-megawatt solar energy generating stations in Mafraq.
    ACWA Power, since their...
  • »Freiz: Sustainable SME Development Is National Priority

    Sun 13 March / Mar 2016. 12:00 AM
    AMMAN —Al Ghad— Central Bank of Jordan (CBJ) Governor Dr Ziyad Freiz confirmed  that sustainable economic development and SME empowerment are national priorities the Country is working to accomplish.
    During the workshop organised...
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