Significant restructuring and rebalancing of China’s underperforming economy is needed before the country sneezes and we all catch a cold. China’s economy, long a reliable source of growth, has been experiencing a wave of economic difficulties that has created uncertainty…
Bolstering its international standing in the field of secure electronic payment services, Middle East Payment Services (MEPS) – a consortium of elite local and regional banks that serves as a leading, innovative payment services provider in the Middle East –…
Arab Potash Company (APC) said its 2015 net profits rose 31 percent year-on-year to around JD131 million, while it also achieved a record production volume of 2.355 million tons over the same period. In a statement, APC’s chairman Jamal al…
What is it? Just like the Luddites, the nineteenth century English textile workers who decided to smash the weaving machines putting them out of a job, more and more workers today are fearful that great leaps in automation and robotics…
Over the past decade, Souq.com has quickly risen to become the region’s largest online retailer. The company’s CEO and Founder Ronaldo Mouchawar is confident of even greater success as enthusiasm for e-commerce amongst consumers picks up pace. By Dina al-Wakeel…
What’s happening? According to Al Ghad, the price of steel in Jordan dropped 23 percent to JD385 per ton in the first 10 months of the year, compared to the same period in 2014. The declining cost of the metal in…
Iran’s nuclear deal with world powers is expected to create a raft of trade and investment opportunities for Dubai, which is widely seen as Tehran’s stepping stone to global markets. Iran’s nuclear deal, announced on July 14, allows Tehran to…
While Jordan is moving forward with its controversial nuclear energy program, a new study said solar energy added 26 percent more electricity to the global grid than nuclear last year. The latest edition of the World Nuclear Industry Status Report, which…
A growing number of international construction firms, particularly from China, are lining up to invest in the Gulf region’s trillion-dollar real estate sector, according to Deloitte. With $2.8 trillion worth of projects planned or ongoing in the Gulf Cooperation Council…
Lenovo launched its first range of smartphones in Jordan last month, joining other big Chinese tech manufacturers like Huawei in trying to capture a slice of the Kingdom’s growing handset market. Lenovo released seven budget-to-midrange models, ranging in price from…