Business Yesterday
  • »Trade Deficit Rises by 9.9% in 2017

    Sun 25 February / Feb 2018. 12:00 AM
    AMMAN — Jordan's trade deficit increased by 9.9 percent in 2017 driven by a 3.5 per cent decline in the total exports' coverage of imports, according to official figures released Sunday.
    The data, by the Department of Statistics, indicated...
  • »Jordan Falls Short on First Development Policy Loan Objectives: WB

    Sun 25 February / Feb 2018. 12:00 AM
    AMMAN —AlGhad— A recent World Bank (WB) report, published last Wednesday, indicates that Jordan has fallen short on the objectives of the First Programmatic Development Policy Loan Programme, signed in 2012.
    The World Bank ranked the...
  • »Gov’t Borrowing Drains Private Sector’s Share of Credit Facilities: JSF

    Sun 25 February / Feb 2018. 12:00 AM
    AMMAN —AlGhad— A study by the Jordan Strategy Forum (JSF), on how the government’s continued borrowing affects the private sector’s access to financing and loans, shows that increased domestic borrowing does, in fact, limit...
Business Saturday
  • »JOD185m the Volume of Investments Benefiting from IT Sector Support

    Sat 24 February / Feb 2018. 12:00 AM
    AMMAN — The total number of projects benefiting from the exemptions, tax incentives and customs facilities offered by the Jordan Investment Commission (JIC) to investors in the IT sector by the end of 2017 reached 246 projects with a total...
  • »Real Estate Sectoral Profits Drop 60% in 2017

    Sat 24 February / Feb 2018. 12:00 AM
    AMMAN —AlGhad— The combined profits of 32 real estate companies have declined by 60 per cent in 2017, from JOD19.99 million in 2016, to JOD7.989 million, according to financial investments company ‘Sanabel Al Khair’.
    Out of...
  • »Amman Bourse Tradings Up 2.02% Last Week

    Sat 24 February / Feb 2018. 12:00 AM
    AMMAN —AlGhad— The Amman Stock Exchange (ASE) closed last Thursday with a 2.02 per cent increase in trading index, from 2226.2 point the week before to 2,226.2 points.
    Daily ASE trading last week averaged around JOD7.2 million, compared...
  • »Business: 96% of Companies in Middle East to Recruit New Employees

    Sat 24 February / Feb 2018. 12:00 AM
    AMMAN —AlGhad— A recent Bayt.com report on employment opportunities in the Middle East indicates that 86 per cent of the companies in the region will recruit new employees within the years 2018-2019, 73 per cent of them to employ new...
Business Last Week
  • »Insurance Sectoral Profits Drop 99%: AOIC Takes Massive Loss in 2017

    Thu 22 February / Feb 2018. 12:00 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. 12:00 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. 12:00 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. 12:00 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. 12:00 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...
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