Business 3 Weeks Ago
  • »Cabinet Salary Deductions Ongoing at 10%

    Sun 24 June / Jun 2018. 12:00 AM
    AMMAN —AlGhad— The Council of Ministers has decided to uphold the previous directive to deduct 10 per cent of the salaries of Cabinet members exceeding the JOD2,000 baseline, on a monthly basis.
    Deductions will resume as of July 1,...
  • »Dutch Minister Pledges EUR400m to Host Countries after Visit to Camp

    Sun 24 June / Jun 2018. 12:00 AM
    AMMAN/MAFRAQ —AlGhad— The Dutch government on Sunday approved a development assistance programme for countries affected by Syrian refugee crisis, which include Jordan, Lebanon and Turkey, worth EUR400 million for the coming years...
  • »Renewable Energy Contribution to Power Mix Up to 20% in 2018

    Sat 23 June / Jun 2018. 10:25 PM
    AMMAN —AlGhad—Renewable energy contribution to the overall national power mix is expected to reach 20-21 per cent by the end of the current year according to General Manager of the National Electric Power Company (NEPCO) Eng Abdul Fattah...
  • »Int@j to Launch Council for Tech Startups in Jordan

    Sat 23 June / Jun 2018. 12:00 AM
    AMMAN —AlGhad— Information and Communications Technology Association (Int@j) has uncovered plans today, Saturday, to launch a council for the founders of tech start-ups in Jordan, called the “Jordan Tech Startups Leaders Council-...
Business Last Month
  • »USD100m-Soft Loan to Jordan, Deputy PM Meets German Business Delegation

    Thu 21 June / Jun 2018. 12:00 AM
    AMMAN —AlGhad— German Chancellor Angela Merkel announced a USD100 million-soft loan to Jordan today, Thursday, to support the requirements of the World Bank (WB).
    Merkel also announced the German business sector’s readiness to...
  • »Amman Bourse Opens Trading with Drop

    Wed 20 June / Jun 2018. 12:00 AM
    AMMAN — The Amman Stock Exchange (ASE) on Wednesday opened trading with a drop to 2,094 points from its last closure of 2,097 points.
    The market index fluctuated in the first 15 minutes of today's session between 2,092 points and 2,097 points...
  • »IBM Project Debater Fights Corner against Human Opponent

    Tue 19 June / Jun 2018. 12:00 AM
    CAPITALS — On a stage in San Francisco, IBM’s Project Debater spoke, listened and rebutted a human’s arguments in what was described as a ground-breaking display of artificial intelligence.
    The machine drew from a library of...
Business Archive
  • »Central Bank Raises Interest Rate 25pts

    Thu 14 June / Jun 2018. 12:00 AM
    AMMAN —AlGhad— The Central Bank of Jordan (CBJ) raised the base interest rate by 0.25 per cent (25 basic points) today, Thursday, as of Tuesday, June 19, 2018.
    The CBJ open market operations committee pinned the interest rate on credit...
  • »Jordanian Factories Abandon Natural Gas Power

    Thu 14 June / Jun 2018. 12:00 AM
    AMMAN —AlGhad— Seven factories have abandoned the use of natural gas to power up their facilities in Jordan, driving the number of industrial facilities relying on natural gas from ten to three, an informed source with the Ministry of...
  • »Committee to Decide on Location of Jordan-Iraqi Industrial Zone

    Thu 14 June / Jun 2018. 12:00 AM
    AMMAN —AlGhad— A specialised technical committee, formed by the government, has begun looking into the locations, suggested by the Iraqi authorities, for the establishment of the joint Jordan-Iraqi industrial zone, an informed source...
  • »Petra Visitors Up 37% in 5 Months

    Wed 13 June / Jun 2018. 12:00 AM
    AMMAN —AlGhad— The number of Petra visitors has increased by 37 per cent in the first five months of the year, compared to the same duration last year, from 263,868 to 362,490 visitors, Falah Omoush, chairman of the Petra Tourism...
  • »Guess Founder Quits over Sexual Harassment Claims

    Wed 13 June / Jun 2018. 12:00 AM
    CAPITALS — The co-founder of fashion brand Guess is stepping down as executive chairman following claims of improper conduct but will stay on its board until 2019.
    Guess said that a special committee was unable to corroborate a number of...
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