Business Archive
  • »Insurance Sectoral Profits Drop 99%: AOIC Takes Massive Loss in 2017

    Thu 22 February / Feb 2018. 01:00 AM
    AMMAN —AlGhad— The combined profits of 22 insurance companies in Jordan have declined by nearly 99 per cent in 2017, from JOD23.047 million in 2016 to JOD262 thousand, according to the sectoral financial data, compiled by financial...
  • »MP Motion to Exclude Jewish Investors from New Investment Legislation

    Wed 21 February / Feb 2018. 01:00 AM
    AMMAN —AlGhad— Eight Members of Parliament today, Wednesday, submitted a Memo to exclude Jewish investors from the new investment legislation which allows investors to acquire the Jordanian nationality by investing USD1.5 million in...
  • »HSBC Profits Jump to USD17.2bn on Asia Growth

    Tue 20 February / Feb 2018. 01:00 AM
    LONDON — HSBC has posted a pre-tax profit of USD17.2 billion (JOD12.3 billion) in 2017, saying its focus on Asia was driving growth.
    The results represent a 141 per cent jump on the USD7.1 billion profit of the previous year.
    "A large...
  • »Foreign Aid to Jordan in 2017 Stands at USD3.65b

    Tue 20 February / Feb 2018. 01:00 AM
    AMMAN — The total foreign assistance contracted in 2017 with various donors and international financial institutions reached about USD2.99 billion, while the value of donations to support refugees, including humanitarian assistance, stood at...
  • »Jordanian Pavilion at Gulfood Exhibition 2018 Launched

    Mon 19 February / Feb 2018. 01:00 AM
    DUBAI — The Jordanian Consul in Dubai, Saied Radaideh, and the Chairman of the Jordanian Exporters Association (JEA), Omar Abu Wishah, opened the Jordanian pavilion at the five-day Gulfood Exhibition 2018, which kicked off Sunday evening in...
  • »Phosphate Tinder Violation Case Goes to Trial

    Sun 18 February / Feb 2018. 01:00 AM
    AMMAN —AlGhad— The Integrity and Anti-Corruption Commission has decided to refer tinder violations case of more than JOD300 million, involving the Phosphate Mines Company, to the courts earlier today, Sunday, after concluding...
  • »Kuwait Says USD30b Pledged to Rebuild Iraq

    Wed 14 February / Feb 2018. 01:00 AM
    KAWAIT — A total USD30 billion in pledges were made Wednesday at a donor conference for Iraq’s reconstruction after the country’s devastating war with the Islamic State group, falling well short of the USD88.2 billion Baghdad is...
  • »Economic Integration Enhances Jordan's Role in Reconstructing Iraq: Momani

    Wed 14 February / Feb 2018. 01:00 AM
    KUWAIT — State Minister for Media Affairs, and Government Spokesperson Mohammad Momani said that Jordan will place its expertise at the service of the Iraqi side with the aim of supporting reconstruction efforts in the country.
    He said that...
  • »Two Agreements to Exploit Shale Oil in Lajoun, Umm Ghadran

    Wed 14 February / Feb 2018. 01:00 AM
    AMMAN — The Ministry of Energy and Mineral Resources on Wednesday signed with Karak International Oil (KIO) and the Saudi Arabian Corporation for Oil Shale (SACOS), two 40-year concession agreements to exploit shale oil with surface...
  • »US, Jordan Memo to Up Annual Aid to USD1.275b

    Wed 14 February / Feb 2018. 01:00 AM
    AMMAN —AlGhad— Foreign Minister Ayman Safadi and US counterpart, Secretary Rex Tillerson, signed a new Memo of Understanding (MoU) today, Wednesday, boosting annual US aid to Jordan by USD275 million, to USD1.275 billion, as of 2018...
  • »Allocations to Promoting Tourism in Jordan Lowest Regionally

    Wed 14 February / Feb 2018. 01:00 AM
    AMMAN —AlGhad— Data on the Ministry of Tourism’s expenditures on promoting tourism in Jordan indicates it is the lowest in the region, at some USD21 million, compared especially to Turkey’s USD5.137 billion.
    According to...
  • »‘Consumer Protection’ Warns of Declining Purchasing Power, Market Demand

    Tue 13 February / Feb 2018. 01:00 AM
    AMMAN — AlGhad— Director of the National Society for Consumer Protection (NSCP) Dr Mohammad Obeidat warned in a statement today, Tuesday, that overall market demand has declined to an unprecedented level.
    The market’s purchasing...
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