Arabia Trading & Consulting (ATC – an Arabia Group company), a leading Jordanian utility-scale solar developer, has announced it has reached financial close for its second solar project in Jordan, further cementing its commitment towards supporting Jordan’s renewable energy ambitions…
The government is looking to reduce its debt burden and jumpstart the economy through a combination of budgetary adjustments, a new medium-term economic strategy, and international aid agreements. In mid-May, the Cabinet announced its decision to cut this year’s JD8.8…
Saxo Bank said Jordan can significantly cut its energy costs over the coming years by relying extensively on Liquefied Natural Gas (LNG) and solar power, whose prices continue to go down. “The main thing for gas in the coming years…
It’s only been up and running for around a year, but Aqaba’s LNG terminal has already proved itself indispensable to Jordan’s vital energy diversification drive. By Dina al Wakeel With several renewable energy projects under construction and a nuclear plant…
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…
Oxygen Global Energy is offering Jordanian companies the chance to cut costs by grouping together to develop renewable energy projects. By Rebecca Irvine Oxygen Global Energy Cofounder Yazan Faouri says his company’s innovative business model, which brings companies together and…
On paper, record low oil prices should prove to be an economic bonanza for an emerging market energy importer like Jordan. But what’s the reality? By Dina al-Wakeel In 2011, just when it was trying to get back on its…
Despite the big international marketing drive that was recently undertaken by the Jordan Tourism Board, other players in the Kingdom’s tourism sector still say a much more concerted strategy is needed to help them escape their slump. By Rebecca Irvine It’s…
Jordan has signed multimillion dollar funding deals for a wide array of new infrastructure projects. But not everyone is happy about who gets to build them. Jordan has inked more than $600 million worth of funding agreements in recent months,…
Jordan’s solar and wind projects won’t live up to their full potential if they can’t find a way to store the energy they produce. The AES Corporation’s country manager says his company has a pioneering battery-based solution. By Laith Abou-Ragheb…