Reuters - Jordan has formally submitted a bid for a two-year seat on the U.N. Security Council, officials said on Monday, after its ally Saudi Arabia rejected the position partly in protest over international failure to end Syria's civil (...)
AMMAN: At a meeting in the royal palace last month, Jordan's King Abdullah did not disguise his exasperation with his officials as he listened to a chorus of complaints from foreign investors.
Among the frustrated investors was Abu Dhabi property (...)
AMMAN: Arab Bank Group expects steady earnings from its core banking activities this year, cushioned by strong liquidity and a global presence that has minimized the impact of the region's political turmoil, its chairman said on Wednesday.
Abdel (...)
AMMAN: Syria's President Bashar Al-Assad faces growing pressure for blocking humanitarian aid and human rights abuses, with the UN humanitarian chief set to visit the country this week and the broadcast of harrowing pictures said to show torture (...)
AMMAN/CAIRO: Mazen Dajani, chief executive of Jordan's CTI Group, says the Arab Spring accomplished what the global financial crisis of 2008-9 did not: it pushed his company, one of the world's largest shippers of cement, into the red.
CTI's (...)
AMMAN: Gulf investor Omar Ayesh flew to Tripoli to meet Saif Al-Islam Qaddafi when the son of Libya's now-deposed strongman wanted to talk business, only to be caught in a web of bribery and crony capitalism.
A deal for a beachfront resort (...)
DEAD SEA: The popular uprisings that have swept the Arab world this year have slowed economies across the region, and jobs, better governance and investment are needed, speakers at the World Economic Forum (WEF) in Jordan said on (...)
DERAA: Small crowds gathered in the tense Syrian city of Deraa on Friday after calls to attend the funerals of people killed in unprecedented anti-government protests, but there was no immediate sign of protests.
Activists said there was debate (...)
AMMAN: Jordan's King Abdullah faces unprecedented calls by a mix of Islamists, liberals and traditional supporters for moves towards a constitutional monarchy, Jordanian politicians said on Tuesday.
Emboldened by uprisings across the region, (...)
AMMAN: Strong demand for Jordan's upcoming debut Eurobond issue will help a rebound in FDI, underpinned by the country's macro economic fundamentals and political stability, the finance minister said on Thursday.
Ahead of a London road show that (...)
AMMAN: Jordan's economy picked up in the second quarter of 2010, growing 2.9 percent from a year earlier as transport and financial services sectors rebounded, data showed on Sunday.
This compares with a 2.03 percent rise in Q1 y/y. The economy (...)
AMMAN: Lafarge Cement Jordan, the country's leading cement producer, posted a 73 percent fall in first-half net profit to 9.4 million dinars ($13.3 mln) on Tuesday, on weaker domestic sales.
Sales fell 38 percent to 95.8 million dinars from the (...)
AMMAN: Jordan's Arab Bank Group, the country's largest lender, saw its first-half net profits fall 11.7 percent to $303.261 million compared to the same period last year, a statement released on Sunday showed.
The bank saw slight growth in net (...)
AMMAN: Jordan Phosphate Mines Co (JMPC), one of the world's largest phosphate suppliers, posted a 48.5 percent drop in first-half net profit to 34.6 million dinars ($48 million), the firm said on Sunday.
JMPC also reported second-quarter net (...)
AMMAN: Jordan's top steel producer Jordan Steel posted a 65 pct drop in first-half net profit to 2 million dinars ($2.8 million), financial statements released on Thursday showed.
For the second quarter, Jordan Steel posted a loss of 462,882 (...)
AMMAN: Jordan Telecom Group, the country's sole fixed-line operator, said on Wednesday its net profit in the first six months of 2010 fell 10.9 pct to 45.6 million dinars ($64.3 million) due to the cost of launching a 3G service.
The telecom (...)
AMMAN: The International Monetary Fund (IMF) forecasts Jordan's economic growth at 3.5 percent this year but rising in 2011 as its economy recovers from the impact of the global downturn, an IMF official said.
"We can see it in the orbit of 3.5 (...)
AMMAN: Jordan Dubai Islamic Bank plans to more than double its branches by the end of 2010 and is helping Jordan's government issue an Islamic bond in the country's rapidly growing market, its chief executive said.
Jordan Dubai Islamic Bank is (...)
AMMAN: Political stability in the West Bank has brightened the business prospects of the largest Palestinian holding firm, its chairman said on Sunday.
"Most of the companies that we invest in have shown growth in their operations and (...)