Business Last Month
  • »Inbound Foreign Investment Dips 5% in Q3-2017

    Mon 22 January / Jan 2018. 12:00 AM
    AMMAN —Alghad— Inbound direct foreign investment in Jordan has declined by 5.3 per cent during the third quarter of last year, Q3-2017, some JOD13.4 million, from JOD249.3 million in Q3-2016, to JOD235.9 million, according to figures by...
  • »Gov’t Considers Extending Hybrid Exemptions

    Mon 22 January / Jan 2018. 12:00 AM
    AMMAN —AlGhad— An informed source with the government has confirmed to AlGhad that the Cabinet is currently considering extending the special tax exemptions on hybrid vehicles for another year at 25 per cent, as opposed to raising it to...
  • »Outbound Remittance Up 18%

    Sun 21 January / Jan 2018. 12:00 AM
    AMMAN —AlGhad— Outbound remittance has increased during the first nine months of the year, 2017, by 18 per cent, to USD261.3 million, compared to USD221.5 million for the same duration in 2016, according to the Central Bank of Jordan...
  • »Central Bank’s Reserves Up 0.5% in 2017

    Sun 21 January / Jan 2018. 12:00 AM
    AMMAN —AlGhad— The Central Bank of Jordan (CBJ)’s overall reserve of foreign currencies and gold has increased by 0.5 per cent in 2017 to JOD12.171 billion, compared to JOD12.115 billion in 2016, according to CBJ’s annual...
  • »Authorities Launch Special Investment Protection Police Unit

    Sat 20 January / Jan 2018. 12:00 AM
    AMMAN —AlGhad— Director of the Public Security Department (PSD) Maj Gen Ahmed Faqih, has decided to set up a special unit to protect investment as an independent entity that provides security to businesses and investors.
    The new unit,...
Business Archive
  • »UNRWA Meets Urgently in Amman to Discuss Funding Crisis

    Thu 18 January / Jan 2018. 12:00 AM
    AMMAN —AlGhad— The UN Relief and Works Agency for Palestine Refugees (UNRWA) held an urgent meeting in Amman yesterday, Wednesday, to discuss the threat of defunding and the ongoing crisis as the Agency announced a USD174 million...
  • »Tourism Revenues Up 12.5% to USD4.6b in 2017

    Thu 18 January / Jan 2018. 12:00 AM
    AMMAN — Tourism revenues in 2017 increased by 12.5 per cent, up to USD4.6 billion, compared to USD4.1 billion in the same period of 2016, the Central Bank of Jordan (CBJ) announced on Thursday.
    CBJ said in a statement that the increase was...
  • »Zain Launches Dezain Platform to Support Jordanian Designers

    Tue 16 January / Jan 2018. 12:00 AM
    AMMAN —AlGhad— In effort to further support domestic business and entrepreneurial sectors in Jordan, Zain Jordan, a Zain Group telecommunications company, announced the launch of the a new designers support platform, Dezain Space, at the...
  • »Senate Passes General Budget Bill

    Mon 15 January / Jan 2018. 12:00 AM
    AMMAN —AlGhad— The House of Appointed Senate ratified the 2018 General Budget Bill today, Monday, including all draft laws for the state budget and the budgets of independent government units.
    The Senate’s session today was...
  • »Euro Rises to Strongest Since 2014

    Sat 13 January / Jan 2018. 12:00 AM
    CAPITALS — The euro surged to a three-year high on signs that political risks in the euro area are fading and the European Central Bank may raise interest rates sooner than thought.
    The euro gained 0.9 per cent to USD1.2137, leading gains...
  • »Oil Dips from Levels Last Seen in Late 2014

    Sat 13 January / Jan 2018. 12:00 AM
    CAPITALS — Oil prices eased on Friday after hitting their highest levels since December, 2014 the previous day.
    Despite the dip, analysts said market fundamentals going into 2018 were strong due to ongoing production cuts led by the...
  • »Technical Difficulties “Beyond our Control” Caused Network Instability: ‘Zain’

    Sat 13 January / Jan 2018. 12:00 AM
    AMMAN —AlGhad— Cell-phone service provider Zain Jordan apologised in a press conference today, Saturday, for the interruptions in their cell-phone service, due to technical difficulties beyond the company’s control, according to...
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