Business Archive
  • »Cash Subsidy Raises Budget Deficit to JOD43m

    Mon 19 March / Mar 2018. 01:00 AM
    AMMAN — The Ministry of Finance said on Monday that the budget posted a JOD42.7 million deficit after grants compared to savings of about JOD114.3 million for the same period of 2017.
    The ministry attributed the deficit to the disbursement of...
  • »Foreign Reserves Hit USD13.9b at End of February: CBJ

    Mon 19 March / Mar 2018. 01:00 AM
    AMMAN — The Central Bank of Jordan (CBJ) said Jordan's economy indicators are "positive" despite continued political turmoil, especially in Syria and Iraq, which had a negative impact on performance of key economic sectors.
    In its latest...
  • »National Debt at JOD27.4b in January

    Mon 19 March / Mar 2018. 01:00 AM
    AMMAN — The Kingdom's public debt by the end of January, 2018 was estimated at JOD27.443 billion, constituting 95.6 per cent of the gross domestic product (GDP) compared to JOD27.296 billion in the same period of 2017, the Finance Ministry...
  • »Farmers Suspend Protest as AP Promises to Retract Agriculture Tax

    Sun 18 March / Mar 2018. 01:00 AM
    AMMAN —AlGhad— The month-long farmers protest was suspended today, Sunday, after the head of the farming and irrigation committee, AP Marwan Hmoud, promised to retract the newly imposed 10 per cent tax on agriculture, according to...
  • »EU Looks into Jordanian Request for Flexible ‘Rules of Origin’ Regulations for Exports to Eurozone

    Thu 15 March / Mar 2018. 01:00 AM
    AMMAN —AlGhad— The European Union’s delegation to Amman has uncovered to AlGhad that the authorities in the Eurozone are currently looking into a Jordanian request for flexibility in regards to the ‘Rules of Origin’...
  • »New Oil Derivatives Law Comes into Effect

    Thu 15 March / Mar 2018. 01:00 AM
    AMMAN —AlGhad— The new oil derivatives law has official come into effect as of yesterday, Wednesday, following its formal newspaper announcement, giving the Ministry of Energy and Mineral Resources the authority to plan and manage the...
  • »Hikma Pharmaceutical Co Revenues Reach USD1.9b in 2017

    Wed 14 March / Mar 2018. 01:00 AM
    AMMAN — Hikma Pharmaceuticals PLC, a multinational generic pharmaceutical company, Tuesday said in a statement its revenues reached USD 1,936 million in 2017, down by 1%, and up by 1% in constant currency. Despite challenging market conditions...
  • »Only 3 Companies Benefiting from Simplified EU Rule of Origin Agreement

    Mon 12 March / Mar 2018. 01:00 AM
    AMMAN —AlGhad— Only three Jordanian companies have made use of the Simplified Rule of Origin agreement with the European Union (EU) since it was signed in July 2016.
    Combined, the three companies export no more than EUR1.947 million...
  • »Consumer Price Index Up 3.3% in 2018

    Sun 11 March / Mar 2018. 01:00 AM
    AMMAN — The Consumer Price Index (CPI) rose during the first two months of this year by 3.3 per cent compared to the same period last year, according to the Department of Statistics (DoS).
    The figure was the outcome of an increase in the...
  • »Jordan Spent JOD42m on Scientific Research in 10 Years

    Sun 11 March / Mar 2018. 01:00 AM
    AMMAN — The Scientific Research Support Fund Sunday said it spent around JD42 million on research projects over the last ten years.
    The institution's Director General Abeer Bawab told Petra that work is underway to register 4 patents, noting...
  • »Special Tax Weighs on Gold Market

    Sun 11 March / Mar 2018. 01:00 AM
    AMMAN —AlGhad— The domestic gold market is looking forward to the government’s decision to retract the special tax on gold, particularly, which taxes raw gold just as much as it taxes processed gold, which is 5 per cent.
    Ribhi...
  • »Gov’t Denies Thousands of GAM Day Labourers Employment

    Sat 10 March / Mar 2018. 01:00 AM
    AMMAN —AlGhad— The government issued directives today, Saturday, denying more than ten thousand day labourers at the Greater Amman Municipality (GAM) the chance of steady-pay employment, after Prime Minister Dr Hani Mulqi sanctioned the...
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