Tag: Saudi Arabia

Minister of Finance Omar Malhas on Jordan's Economy in 2017

The Economy in 2017

Jordan’s Finance Minister, Omar Malhas, says the country will have to make some tough economic choices in 2017. By Dina Al Wakeel Jordan’s public debt now stands at almost 95 percent of GDP, and unemployment is running at around 16…

refugee crisis

Towards a Steady but Unspectacular 2017

While it’s unrealistic to expect fireworks from Jordan’s economy in 2017, boosting capital investment and launching more PPP projects should help achieve respectable levels of growth. After almost six years of stagnation, the global economic outlook for 2017 still looks…

Arab Bank

Jordanian Investors Poised to Buy Saudi Oger’s Stake in Arab Bank

A Jordanian consortium has lodged a bid for Saudi Oger’s 20 percent stake in the Arab Bank after Saudi Arabia’s Fawaz Alhokair family withdrew its own $1.1 billion offer, Reuters reported citing banking sources. A deal with investors led by…

vision 2030-Saudi Arabia

Venture Explains: Saudi Arabia’s Vision 2030

What is it? Plunging oil prices since mid-2014 have pushed Saudi Arabia to produce Vision 2030, a far reaching reform plan unveiled earlier this year that aims to wean the kingdom’s economy off its reliance on oil, which the government…

Renewable green energy

Jordan lagging behind on ‘green’ economic performance – report

Jordan achieved an underwhelming ranking on a global index that measures the green economic performance of countries and how experts assess that performance. Jordan, which made it onto the list for the first time, was rated 60 out of 80…


Kinz: Digging Deep for Data

When he founded Kinz back in 2009, Marwan Juma and his team set out to convince Jordanian companies they were sitting on an untapped treasure trove of information. The data mining firm now has hundreds of clients across the Kingdom,…

Internet Phone calls

No Charges for Internet Phone Calls – TRC

Jordanians won’t be charged for making phone calls via apps like Skype and WhatsApp, the Kingdom’s telecoms watchdog said. The Telecommunications Regulatory Commission (TRC) said the decision not to impose a levy on Internet calls came after TRC officials met…


Venture at 10: Samih Toukan

Samih Toukan, Cofounder of Maktoob.com Date of Interview: July 2009 Maktoob, the first social network in the Arab World, was one of the first to exploit the new medium of the Internet as it was launched in the early 2000s….

Bahaa Hariri, Horizon Chairman

Venture at 10: Bahaa Hariri

Bahaa Hariri, Horizon Chairman Date of Interview: April 2008 The Hariri name is synonymous with construction and real estate development in our region. Bahaa Hariri, who inherited his father Rafik’s banking, real estate tourism, telecommunications, and media ventures in 2005,…

Middle Eastern Mergers & Acquisitions reached US$4.7 billion in Q1 2016

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today released the quarterly investment banking analysis for the Middle East region. According to estimates from Thomson Reuters / Freeman Consulting, Middle Eastern investment banking fees reached US$178.2…