Sunday 29 March 2015
 
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Jordan

Jordan Islamic Bank posts net profit of $63.6m

Jordan Islamic Bank, a subsidiary of Bahrain-based Al Baraka Banking Corp, reported 2014 net profit of BD45.1 million ($63.6 million), the same level as the year-ago period. Its assets had risen to BD3.86 billion by the end of Dec

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$15.2m project to create jobs for youth, women in Jordan

A new $15.2 million project was signed in Rome aimed at reducing rural poverty, vulnerability and inequality in Jordan by creating employment and income-generating opportunities for the rural poor, especially women and youth. Zaid

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Coral Beirut Al Hamra targets Jordan for new business

Coral Beirut Al Hamra Hotel, a luxury hotel in the Lebanese capital, is targeting Jordanian markets for new business. The sales team from Coral Beirut Al Hamra Hotel will be on a 3-day sales trip to Jordan next week to promote the

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Jordan signs $10bn nuke energy deal with Russia

Jordan signed an agreement with Russia on Tuesday worth $10 billion that sets the legal basis for building the kingdom's first nuclear power plant with a total capacity of 2,000 megawatt. Jordan imports nearly 98 per cent of i

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IMF to disburse $200m in loan for Jordan

The International Monetary Fund is set to disburse $200 million for Jordan, under a Stand-By Arrangement (SMA) after the organisation’s approval of the sixth review of the countries economic performance, according to a report.

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Egypt, Jordan sign gas sector co-operation deal

Egyptian Natural Gas Holding Company (Egas) and the Jordanian-Egyptian FAJR Company have signed a deal on gas sector co-operation, according to a report. The memorandum of understanding (MoU) was signed to tap into the infrastruct

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Jordan, Israel sign deal on Red-Dead Sea canal project

Israel and Jordan has signed a deal declaring joint administration on a project connecting the Red Sea and the Dead Sea via a canal, according to a report. The project, which will be financed by the World Bank, has been advertised

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MAN Truck and Bus posts 35pc sales growth in UAE

MAN Truck & Bus Middle East, the regional representative of Germany’s MAN Truck & Bus, saw a strong surge in performance in region to close 2014 with a 35 per cent increase in sales in the UAE and 4 per cent in Jordan.

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SWIFT to hold regional conference in Jordan

Hundreds of top Arab and international bankers and financiers will be attending the annual Middle East regional conference, organised by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) in Jordan. The two-da

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Jordan, Israel sign $900m Red Sea-Dead Sea project

Jordan and Israel have signed an agreement to go ahead with a World Bank-sponsored project to build a desalination plant in the Gulf of Aqaba and a pipeline linking the Red Sea with the Dead Sea. The plant will be built in the sou

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