What’s happened? Internet retail giant Amazon has just agreed to buy high-end grocer Whole Foods for $13.7 billion. What’s the motivation behind the deal? Even though it built its name in e-commerce, Amazon has recently been experimenting with brick-and-mortar stores,…
The operator of Aqaba Container Terminal, APM Terminals, has completed the USD 1 billion acquisition of Spanish Grup Maritim TCB’s port and rail interests. APM Terminals has yet to receive approval for three of 11 terminals under Grup Maritim TCB,…
In a move that is set to transform its position in the US generics market, Hikma Pharmaceuticals has announced that it is acquiring Roxane Laboratories for JD1.88 billion ($2.65 billion) in cash and stock. Hikma, which was one of a number…
Not content with its already strong position in Jordan and the wider region, the Nuqul Group is undertaking an ambitious expansion plan which aims to take the multifaceted company to the next level. By Elisa Oddone Ghassan Nuqul made a…
From modest beginnings in Jordan more than 25 years ago, Al Nabil Food Industries Company has grown to become one of the biggest producers of frozen and chilled food in the Kingdom. By Dina al-Wakeel and Jane Hosking Following the…
Hikma Pharmaceuticals is set this month to take its place alongside GlaxoSmithKline, AstraZeneca and Shire as a fourth blue-chip drug maker on the FTSE 100, Britain’s benchmark share index. Hikma will push Tullow Oil out of the esteemed club of…
Jordan’s Nuqul Group is planning to sell off around 25 percent of Fine Hygienic Holdings, one of the region’s largest tissue and paper products manufacturers, in a bid to boost the group’s growth, Nuqul Vice Chairman Ghassan Nuqul told Venture….
In a move that further drives its expansion in the African continent, Aramex, the leading global logistics and transportation solutions provider, today announced its acquisition of the master franchise for the PostNet brand in South Africa. PostNet is South Africa’s…
Turkish online food ordering company Yemeksepeti has bought a majority stake in ifood.jo, the fast growing Jordanian startup offering the same sort of service. Set up by Zeid Husban and Omar Akel in January 2012, ifood.jo provides restaurants with instant…