The European Investment Bank (EIB) aims to invest USD 1 billion during 2019-2020 Over four decades, the European Investment Bank has been supporting the Jordanian economy by investing in projects that make a difference in people’s life. The Bank financed…
A senior EU official believes Jordan still hasn’t fully taken advantage of the relaxed rules of origin deal it signed with world’s largest trading bloc. In 2015, Jordan suggested a specific mechanism that would help it navigate through the difficult…
The US government has decided to impose import tariffs of 25 percent on steel and 10 percent on aluminum from Europe, Mexico and Canada. Other countries, including Japan, Washington’s closest ally in Asia, are already subject to the tariffs. Why?…
Europe’s biggest low-cost carrier, Ryanair, will launch its first flights to Jordan with 14 routes in total to Amman and Aqaba airports in March. The new routes are expected to deliver almost 500,000 customers as Ryanair expands its operation in…
Free market capitalism needs an urgent realignment if it stands any hope of tackling the world’s serious and growing economic problems. By Osama Al-Sharif Last month’s centenary of the Bolshevik Revolution came at a time when the future of capitalism—its…
In a further sign of a turnaround in Jordan’s tourism sector, the number of visitors to the Kingdom rose 12.5 percent during the first four months of the year. The overall number of tourists reached 1.639 million between January and…
The International Finance Corporation (IFC), the private sector arm of the World Bank, is making a $45 million equity investment in Jordan’s MS Pharma. “We believe that supporting leading companies such as MS Pharma will not only improve access to…
Liberal democracy is on the ropes the world over. But it won’t be forever. By Osama Al Sharif We may have missed our chance to see the day when liberal, democratic, pluralistic, and accountable systems of government take root in this…
Despite coming up against regulatory hurdles and protests from taxi drivers, the cofounder of Careem says his ride-hailing platform is in Jordan to stay. By Laith Abou-Ragheb Mudassir Sheikha, the cofounder of Careem, the Dubai-based ride-hailing platform, made a flying…
Mazen Darwazeh: Vice-Chairman and MENA CEO of Hikma Date of Interview: October 2013 Hikma is one of a handful of Jordanian companies that can truly be considered world class. In the first half of 2013, its revenues reached $638.3 million….