Tag: profit

Royal Jordanian RJ

Loss-Making RJ Ends Hot Meals for Medium and Short Haul Flights

Royal Jordanian (RJ) will no longer serve hot meals on short and medium-haul flight as part of a cost cutting drive, the airline’s recently appointed German CEO said in a statement. “RJ has recently substituted the hot meals with sandwiches…

Amjad Aryan, Pharmacy 1 President

Prescription for Growth

With plans in the pipeline that include a range of own-brand over the counter medication and toiletries, as well as Jordan’s first drive-through pharmacy, Amjad Aryan has big ambitions for his fast expanding chain. By Dina al Wakeel Amjad Aryan…

school

Why Subsidizing Public Transport Makes Sense

Public transport in Jordan faces a myriad of challenges, some of which are operational, while others are legal and legislative. A key challenge that’s often overlooked—or at least, until recently, not a part of the national discourse on transport—is the…

The Arab Potash Company: Did Privatization Work?

This article appeared in the April, 2014 edition of Venture.   More than a decade has passed since the Arab Potash Company was partly sold off under Jordan’s controversial privatization drive. Was it a wise move? By Dina al-Wakeel Jordan’s controversial…

Aramex Announces Tenth Year of Record Profits

Aramex, the global logistics and transportation solutions provider, today announced its full year financial results for 2014, which was the tenth consecutive year of record profits since the company was listed on the Dubai Financial Market. The company’s 2014 full…

The Great Travel Expense Swindle

  Regulators need to clamp down on the abuse of board of directors’ travel expenses. By Jawad J. Abbassi Jordan’s Corporation Law sets clear compensation guidelines for board of directors in publicly traded companies. Directors can receive a maximum of…