Business Archive
  • »“ACWA Power” Acquires 70% of “Solar SunRise”

    Sun 13 March / Mar 2016. 01:00 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. 01:00 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...
  • »Potash Profits Increase 31%: JOD131 Million Net

    Sun 13 March / Mar 2016. 01:00 AM
    AMMAN —Al Ghad— The “Arab Potash” Company made around JOD131 million in net profits in 2015, citing and increase by 31 per cent compared to profits from 2014 amounting to JOD99.7 million.
    Board President Jamal Sarayrah...
  • »Fixed Phone Subscriptions Drop 2%

    Sun 13 March / Mar 2016. 01:00 AM
    AMMAN — The subscription base for fixed phonelines in Jordan kept decreasing due to the increasing spread of mobile phones, recently marking a 2 per cent drop, according to the Telecommunication Regulatory Commission.
    Notably, the data...
  • »Oil Prices: The Doha Accord and Its Aftermath

    Wed 9 March / Mar 2016. 08:26 PM
    Since June 2014 oil prices are in their nadir, from a price per barrel of Brent traded of USD115, prices have plummeted more than 70 per cent. And since the ushering of 2016, prices somewhat hovered around USD30 per barrel.
    The drop in oil prices...
  • »Ministry of Energy: Shoddy Diesel Imports Not Allowed

    Tue 8 March / Mar 2016. 01:00 AM
    AMMAN — Minister of Energy Dr Ibrahim Saif stated that the Government will not allow any shoddy diesel importations that do not meet standard measurements of Sulphur and National specification.
    Moreover, in a statement to (Petra) Tuesday,...
  • »Experts: IMF Programme Does Not Contribute to Economic Reform

    Sun 6 March / Mar 2016. 01:00 AM
    AMMAN — Economic Specialists concur that the implementation of proposed economic reform programmes in cooperation with the International Monetary Fund (IMF) programme will not serve the interests of national economic reformation, nor...
  • »Food and Drug Administration: Omani “Brufen” Not Present in Jordan

    Sun 6 March / Mar 2016. 01:00 AM
    AMMAN —Al Ghad— Jordan Food and Drug Administration stated that the Omani “Brufen 400mg” pills (scientific structure: Ibuprofen) that was said to have been withdrawn from local markets across the Kingdom for including...
  • »KSA Will Retain Oil Market Share

    Sun 6 March / Mar 2016. 01:00 AM
    PARIS — Foreign Secretary of Saudi Arabia, Adel Al Jubeir, stated Saturday evening that KSA will retain their share of the global oil market, and that the idea of lowering production while other countries increase it is...
  • »Agreement to Purchase 400 Thousan Tonnes of Wheat Annually from Emirati Company at Preferential Pricings

    Sun 6 March / Mar 2016. 01:00 AM
     AMMAN — An informed official source has disclosed that the Cabinet finally signed the agreement between the Ministry of Industry, Trade, and Supply and Emirati company Al Dhaher to buy 400 tonnes of wheat annually.
    The source —who...
  • »Real Estate Transactions Increase 6%

    Sat 5 March / Mar 2016. 01:00 AM
    AMMAN — Transactions in the real estate sector increase 6 per cent since the beginning of 2016 through February, totalling at JOD1.64 billion compared to JOD985 billion of the same period from the year before.
    The Department of Lands and...
  • »Low Demand on Clothes In Spite of Sales

    Sat 5 March / Mar 2016. 01:00 AM
    AMMAN — The clothes and textiles market in Jordan is in recession currently despite sales and offers as well as advertisements made by local traders, and is thought to be due to seasonal transitions in demand between summer and winter....
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