Sunday , February 19 2017
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Royal Jordanian & Turkish Airlines Technic Inc. seals agreement

Royal Jordanian & Turkish Airlines Technic Inc. seals agreement

AMMAN: Royal Jordanian and Turkish Airlines Technic, Inc. sealed an agreement, whereby RJ will receive Line Replaceable Units (LRU) components pool support and spares for V2500 engines installed on RJ’s A320 family aircraft. The services and spares that will be provided within the framework of the agreement will be based in Turkish Technic’s Istanbul base and supply stations throughout the ... Read More »

Jordan’s first Islamic bond awarded by industry leader


AMMAN: An “innovative Jordanian application” of the sukuk method of Islamic banking, initiated by the Ministry of Finance and supported by the Japan International Cooperation Agency (JICA), has been recognised by an industry leader in international Islamic finance, according to a statement released. The JD34 million sukuk, or Sharia (Islamic law)-compliant, interest-free bond, issued to finance the completion of the ... Read More »

Jordan, Turkey discuss trade cooperation

bilateral trade

ANKARA: Prime Minister, Hani al-Mulki, Tuesday, received a Turkish trade delegation headed by President of the Union of Turkish Chambers and Commodity Exchanges, Rifat Oglu, to look into prospects of boosting trade ties between the two countries. At the meeting, the premier pointed to challenges facing the two countries as a result of interruption of the trade route between them. ... Read More »

Royal Jordanian Airlines implements e-Air Waybill system

Royal Jordanian Airlines implements e-Air Waybill system

AMMAN: Royal Jordanian started implementing the e-Air Waybill (e-AWB) system, which was developed in cooperation with the airline’s Information Technology Department and CHAMP Cargosystems (CHAMP), a global IT provider serving the air cargo industry. The new system enables cargo agents to conduct cargo bookings and create airway bills through the system website. e-Air Waybill is one of the initiatives of ... Read More »

European Union to grant €115m aid to Jordan


AMMAN: The EU pledged €115 million (around JD87 million) towards Jordanian waste management and “democratic governance” programs, as part of continuing support to the Kingdom, an EU statement said. The pledge comes in the context of several agreements between Jordan and the EU, with a particular focus on supporting the Kingdom to deal with the substantial strain of hosting large ... Read More »

Jordan’s higher telecom taxes impede plans to become regional ICT hub: Telcos


AMMAN: The recent tax hikes on Jordan’s telecom sector will increase the burden on the “heavily taxed sector”; instead, it is vital to revamp the whole legislation and the taxation system governing it, according to telecom providers. The newly introduced taxes represent an impediment to the advancement of the sector’s investments, and are likely to affect Internet penetration in Jordan, ... Read More »

Jordan Phosphate Mines Company signs export MoU with Bangladesh


AMMAN: Jordan Phosphate Mines Company (JPMC) signed a Memorandum of Understanding with the Government of Bangladesh to export 270 Metric Tons of Rock Phosphate and Phosphoric Acid worth $280 million for 3 years. The MoU was signed by the CEO of JPMC Dr. Shafeq Ashkar and Chairman of Bangladesh Chemical Industries Corporation (BCIC) Mohammed Iqbal, in the presence of senior ... Read More »

Jordan-Bangladesh ministers meet, discuss trade cooperation

Jordan-Bangladesh flags

AMMAN: Minister of Industry, Trade and Supply Yaroub Qudah discussed with Bangladeshi Minister of Industry Mohammad Amir Hossain, means to forge closer economic and trade cooperation between the two countries. The two ministers highlighted the need for joint work to strengthen economic ties between Jordan and Bangladesh, and encourage the private sector from both countries to benefit from trade and ... Read More »

Jordan raises minimum wage, hikes taxes on tobacco, telecom services


AMMAN: The Council of Ministers took a set of economic measures that included hiking fees and taxes as well as raising the minimum wage and cutting on expenses. According to details, the decisions included raising taxes on cigarettes, soft drinks and telecom services, as well as increasing fees to issue passports from JD20 to JD50. In addition, they included raising ... Read More »

Jordan-Egypt eyes for better trade ties

Jordan-Egypt eyes for better trade ties

AMMAN: Chairman of the Jordan Chamber of Commerce (JCC) Nael Kabariti received Trade Minister Plenipotentiary of Egypt Abeer Kamal and spoke about promoting economic and trade ties between the two countries. During the meeting, Kabariti stressed the importance of developing mutual trade and investments, calling on the Egyptian side to benefit from agreements Jordan signed with various global trade entities. ... Read More »

Jordan raises fuel prices for February


AMMAN: The Jordanian government’s Oil Pricing Committee announced that it is amending the prices of oil derivatives for the month of February under which the price of 90-octane gasoline was raised to JD0.665 per liter from the current price of JD0.62. But the committee, which amends prices on monthly basis according to fluctuations in the global oil market, said the ... Read More »

Jordan to launch JD14m project in March

Jordanian dinars

AMMAN: Implementation of a multi-million-dollar project to enhance food security and agricultural productivity across the Kingdom will commence in March, according to a senior government official. According to details, the mega-project will train people from all governorates on vocational agricultural skills and “agribusiness management”, and then secure them with funds to start their own food and animal production projects, Minister ... Read More »

International community lauds Jordan’s anti-money laundering efforts

Egmont Group of Financial Intelligence Units

AMMAN: The Chairman of the Egmont Group of Financial Intelligence Units, Sergio Espinosa, expressed his appreciation for the Kingdom’s role in anti-money laundering and counter-terrorism financing as well for its continued cooperation and contribution to international policies among the group’s members. Espinosa said that Jordan is actively involved in all of the group’s meetings and events, which aim at finding ... Read More »

World Bank’s IFC, MIGA to invest in Jordan’s power plant


AMMAN: Members of the World Bank Group, International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA), are set to finance Acwa Power’s gas project in Jordan. According to details, the financing will cover the design, construction, ownership and operation of a 485MW gas-fired power plant, aimed at increasing the country’s power generation capacity, Trade Arabia reported. Once operational, the ... Read More »

Jordan PM orders to review the amount paid to government representatives

Jordan’s Prime Minister Hani Mulki

AMMAN: Jordan’s Prime Minister Hani Mulki directed Finance Minister Omar Malhas to review the amount of money paid to government representatives for their membership on boards of directors of state-owned companies. According to details, the premier called for identifying a maximum allowance for such members, to be considered by the ministry, and to return the surplus money to the Treasury. ... Read More »

Jordan to close its border with Syria, Citrus exporters may pay the price

orange - Citrus

AMMAN: After fighting broke out near the Nassib crossing, Jordan has decided to close its border with Syria. The passage through Nassib is the only reliable crossing between the two countries and is necessary for the transportation of goods between Lebanon and Syria to Gulf States and Jordan. “The closure of the borders between Syria and Jordan weighed heavily on ... Read More »

Royal Jordanian and Alitalia joins hands to enhance travel choices


AMMAN: Royal Jordanian (RJ) and Alitalia signed a code share agreement to offer more travel choices and enhanced network connectivity between Jordan, Italy and beyond. Reportedly, for travels starting February 6, the agreement will allow Royal Jordanian to expand its offer to Italy by placing its “RJ” flight code on Alitalia’s daily Amman-Rome service, which will resume on March 26, ... Read More »

Jordan to impose tax on non-essentials to increase revenue


AMMAN: The government of Jordan will take several belt-tightening measures and increase sales tax on several commodities to generate JD450 million in revenues this year to help offset the budget deficit, Minister of Finance Omar Malhas said. As part of economic reforms under the International Monetary Fund’s (IMF) Extended Fund Facility, the government will take a series of measures that ... Read More »

Microsoft launches Global Customer Service and Support Hub in Jordan


AMMAN: Marking a significant milestone for the Jordanian technology sector, Microsoft established a global Customer Service and Support (CSS) Hub in the Kingdom, from which local engineers and ICT professionals will serve corporate customers worldwide. One of only four similar Microsoft facilities in the Europe, Middle East and Africa (EMEA) region, the CSS Hub was officially launched under the patronage ... Read More »

Jordan cabinet take measures to control govt. expenditure


AMMAN: The cabinet on discussed economic correction measures and means to control government expenditure. The Council of Ministers assigned Finance Minister Omar Malhas to study the implementation of reforms to the general sales tax and customs duties, the Jordan News Agency, Petra, reported. The study is to focus on long-term distortions that have affected economy and the ability to control ... Read More »