Business Archive
  • »Power Load Falls by 50MW as Heatwave Begins to Subside

    Wed 5 July / Jul 2017. 12:00 AM
    AMMAN — Power demand fell on Tuesday by 50 megawatts and reached 3,220 megawatts compared to about 3,270 megawatts recorded yesterday and was the highest this year.
    Director of operation and planning at the National Electric Power company,...
  • »Outbound Remittance Up 21.3%

    Wed 5 July / Jul 2017. 12:00 AM
    AMMAN —AlGhad— According to data by the Central Bank of Jordan (CBJ) Outbound remittance has gone up 21.3 per cent to JOD84.8 million during the first quarter of the year, Q1-2017, compared to JOD69.9 million in Q1-2016.
    Compound data...
  • »Baptist Site Development Project May be Granted to Sole Investor

    Wed 5 July / Jul 2017. 12:00 AM
    JORDAN VALLEY —AlGhad— An informed government source exposed to AlGhad the government’s intentions to grant the Baptist Site development project, with exclusive privileges, to a sole Jordanian investor, worth at least USD250...
  • »Current Deficits Down 23%

    Tue 4 July / Jul 2017. 12:00 AM
    AMMAN —AlGhad— According to data by the Central Bank of Jordan (CBJ) the current accounts deficit has declined during the first quarter of the year, Q1-2017, by JOD238.3 million, or 23.2 per cent, compared to the figures for Q1-2016....
  • »Outbound Domestic Expenditure on Travel, Tourism Up 10%

    Mon 3 July / Jul 2017. 12:00 AM
    AMMAN —AlGhad— Domestic spending on overseas and outbound travel and tourism activities has increased by 10.5 per cent, during the first quarter of the year, Q1-2017, according to the Central Bank of Jordan (CBJ), to JOD325.1 million,...
  • »Treasury Bonds Down 34%

    Sun 2 July / Jul 2017. 12:00 AM
    AMMAN —AlGhad— The overall value of treasury bonds issued by the Central Bank of Jordan (CBJ) in open auction to local banks in favour of the government during the first half of this year, H1-2017, declined by JOD700 million,...
  • »Arab Forum to Discuss Role of SMEs in Economic Development

    Sun 2 July / Jul 2017. 12:00 AM
    AMMAN — A regional forum will be held in Amman later this month to discuss the role of Small and Medium Size Enterprises (SMEs) in achieving economic development and social justice.
    The event, which is organized by the Union of Arab Banks in...
  • »Fuel Prices Down 2.2-3.1%

    Sat 1 July / Jul 2017. 12:00 AM
    AMMAN —AlGhad— The government on Friday announced lowering the fuel-derivatives price baseline by 2.2 to 3.1 per cent, while keeping the price per cylinder of household gas steady at JOD7.00.
    According to the new pricelist, the price...
  • »Growth Up Slightly, Fails Expected Estimates

    Sat 1 July / Jul 2017. 12:00 AM
    AMMAN —AlGhad— Economists and experts agree that the growth rate index attained during the first quarter of the year, Q1-2017, at 2.2 per cent, has failed expected estimates and remains fairly below the required threshold for economic...
  • »Jordan Receives Soft Loan, Grant at USD52.8m from WB

    Thu 29 June / Jun 2017. 12:00 AM
    AMMAN —AlGhad— During the Minister of Planning and International Cooperation Emad Fakhouri’s visit to Washington, he signed two agreements totalling at with the World Bank and Japan Social Development Fund (JSDF) to support the...
  • »Fuel Likely to Drop Prices in July

    Sun 25 June / Jun 2017. 12:00 AM
    AMMAN —AlGhad— Informed sources estimate that fuel and oil derivative prices are likely to drop significantly towards the end of June, beginning of July, due to the continuous drop in oil prices worldwide throughout the current month....
  • »Over 200 Innovative Start-Ups to Benefit from WB’s USD50m Investment

    Sat 24 June / Jun 2017. 12:00 AM
    AMMAN —AlGhad— The World Bank (WB) announced a new project, Saturday, to support entrepreneurship and start-ups in Jordan, via an Early Stage SMEs Financing platform, at USD50 million, aimed to fund the establishment of over 200...
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