“We have in total invested 1.5 billion euros since we started operating in Jordan less than 10 years ago and but we hope to really increase our investments over the next years,” Harmgart announced. “We signed $50 million financing with the Housing Bank…
Category: Sales
Dozens of Jewish settlers storm Al-Aqsa Mosque
Dozens of ultraorthodox Jewish settlers on Monday raided the al-Aqsa Mosque / Haram al-Sharif compound in occupied Jerusalem under the escort of Israeli police.Eyewitnesses told Petra’s reporter in Ramallah that settlers carried out the raid from the a…
EU grants €22mn to support Jordan’s NCDs management
The Minister of Health, Firas Hawari, and the Director of the Spanish Agency for International Development Cooperation (AECID) in Jordan, Santiago Medina, on Monday signed a letter of intent aimed at strengthening the public health system, namely prima…
Planning Minister, UN official discuss gov’t priorities
Minister of Planning and International Cooperation Nasser Shraideh on Monday discussed with United Nations Assistant Secretary-General, Director of Regional Bureau for Arab States, Khalida Bouzar, the government’s economic priorities programme for the…
Blumont, EBRD sign agreement to support home-based businesses in Madaba
Blumont, a global non-profit development-centered organization, and the European Bank for Reconstruction and Development (EBRD) have recently signed an agreement to promote sustainable economic growth of home-based businesses led by youth and women in …
Jordan to host ministerial energy meeting with Egypt, Syria, Lebanon
Jordan will host a meeting next Wednesday with the ministers of energy of Egypt, Syria and Lebanon.Upon the invitation of Minister of Energy Hala Zawati, the ministers will discuss boosting cooperation to deliver Egyptian gas to Lebanon via Jordan.Sour…
OPEC sees oil shortage in 2021
The Joint Technical Committee (JTC) of OPEC+ expects the oil market to be in deficit of a 0.9 million barrel per day (bpd) this year.In a report issued Wednesday by the JTC, the committee had expected global oil demand to pick up by 5.95 million bpd in…
AIIB injects $250 mn to Jordan to address pandemic unemployment
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a $250-million investment in Jordan to accelerate economic recovery from the COVID-19 pandemic.In a statement released Wednesday, the bank said that its first loan to Jor…
Industrial sector enjoys great potentials to push national economy forward, says official
Jordan’s industrial sector, which enjoys the support of His Majesty King Abdullah II, has great potentials to push the national economy forward and generate job opportunities, head of the Jordan and Amman Chambers of Industry, Fathi Al-Jaghbir said on …
Local revenue at JD3.7bln in first half of 2021, up 27pct
Local revenue jumped by a staggering JD795 million in the first half of the current year to a total of JD3.708 billion, indicating an increase of 27.3 percent from the figure reported in the same period in 2020.According to Ministry of Finance’s data r…
IMF expects Jordan’s economy to grow by 2pct in 2021
Jordan’s economy is projected to grow by 2 percent in 2021 with a near-full economic reopening this summer, the International Monetary Fund said on Tuesday, slightly lowering its previous forecast of 2.5 percent.In a report following the conclusion of …
Investment in industrial cities up 2pct
New investments in industrial cities for the first six months of 2021 increased by 2 percent, totaling JD73 million against JD71.3 million during the same period of last year.According to a statement by the Jordan Industrial Estates Company (JIEC) on M…