Business Archive
  • »Bitcoin Hits New Record High

    Mon 27 November / Nov 2017. 12:00 AM
    CAPITALS — Virtual currency Bitcoin hit a record high of USD9,700 after jumping 4.5 per cent so far on Monday.
    The move takes it to 20 per cent above the level it stood at on Friday, according to the Luxembourg-based Bitcoin exchange,...
  • »JETT Start Operating Trips to Iraq

    Mon 27 November / Nov 2017. 12:00 AM
    AMMAN — The Jordan Express Tourist Transportation Company (JETT) said it will start operating trips to Iraq via its buses, the first of which will take off on Saturday.
    JETT Director-General, Malik Haddad, Monday told Petra that his company...
  • »Deal Signed to Construct Logistics Hub, Airport in Mafraq

    Mon 27 November / Nov 2017. 12:00 AM
    AMMAN —AlGhad— The Investment Commission, US company Safe Port and the Mafraq Developmental Zone company signed the finalised agreement earlier today, Monday, for the construction of the logistics hub and airport in Mafraq.
    The massive...
  • »Oil Expenditures Up 21% in 9 Months

    Mon 27 November / Nov 2017. 12:00 AM
    AMMAN —AlGhad— The Kingdom’s oil expenditures have increased to some JOD1.5 billion, by approximately 21.1 per cent over the first nine months of the year, 2017, compared to expenditures over the same duration in 2016, at JOD1.3...
  • »Debt-to-GDP Unlikely to Decrease in 2018, Tax Revenues Likely to Subside: Economists

    Mon 27 November / Nov 2017. 12:00 AM
    AMMAN —AlGhad— Economists and financial experts Mufleh Aqel and Mohammad Bashir expressed their concerns to AlGhad that the government will not be able to drive down the Debt-to-GDP rate next year, despite claims by Finance Minister Omar...
  • »Lower House Listens to State Budget Draft Law Speech

    Sun 26 November / Nov 2017. 12:00 AM
    AMMAN — The Lower House of Parliament on Sunday listened to the state budget draft law speech delivered by Finance Minister Omar Malhas.
    During a session, which was chaired by House Speaker Atef Tarawneh and attended by Prime Minister Hani...
  • »Public Health Insurance Department JOD145m in Debt

    Sun 26 November / Nov 2017. 12:00 AM
    AMMAN —AlGhad— Director of the Public Health Insurance Department, Dr Elham Khureisat, uncovered to AlGhad today, Sunday, that the department’s overall accounts payable stand at JOD144.897 million, as of 2017, in addition to...
  • »MPs to Look into 2018 Budget Bill Sunday

    Sat 25 November / Nov 2017. 12:00 AM
    AMMAN —AlGhad— The government has submitted its draft of the 2018 Budget Bill for the Parliament’s House of Representatives to look into it tomorrow, Sunday, and begin discussions for endorsement.
    The 2018 Budget Bill features a...
  • »Cash Subsidies for Bread Vary Based on Income

    Thu 23 November / Nov 2017. 12:00 AM
    AMMAN —AlGhad— An official source uncovered to AlGhad, under the condition of anonymity, that the proposed cash subsidies for bread may vary based on individual incomes, in case the commodity lift is endorsed by Parliament.
    Individuals...
  • »Amman-Baghdad Interstate Secured

    Mon 20 November / Nov 2017. 12:00 AM
    BAGHDAD —AlGhad— The Iraqi Ministry of Defence announced today, Sunday, that the Amman-Baghdad interstate highway is no 100 per cent secured, from the Sakkar Intersection all the way to Tureibil, the border point with Jordan.
    Notably,...
  • »USD10m-Company to Support Entrepreneurial Business Environment

    Sun 19 November / Nov 2017. 12:00 AM
    AMMAN —AlGhad— A new company was established last week in Jordan, Beyond Capital, with a starting capital of USD10 million, dedicated to supporting the investment and entrepreneurial and start-up business environment.
    Beyond Capital...
  • »Gov't Endorses 2018 Draft Budget, Projects Deficit at 1.8% of GDP

    Sun 19 November / Nov 2017. 12:00 AM
    AMMAN — The Cabinet on Sunday endorsed a draft 2018 state budget law projecting public revenues at JOD8.496 billion and foreign grants at JOD700 million while post-grant deficit is forecast at JOD543 million or 1.8 per cent of estimated Gross...
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