Business Archive
  • »Gov’t to Lower Exemptions, Restructure Income Segments

    Sun 6 May / May 2018. 12:00 AM
    AMMAN —AlGhad— Ranking official sources with the Ministry of Finance uncovered to AlGhad that the government’s suggested amendments to the Income Tax Law will indeed, as economists expected, lower the income tax exemption ceiling,...
  • »Gov’t Exempts Renewable Energy Systems, Inputs of Customs

    Sat 5 May / May 2018. 12:00 AM
    AMMAN —AlGhad— The government published the latest amendments to the 2018 Custom Duties Exemptions Regulations for the Renewable Energy Sector, approving the conditional exemption of renewable energy systems and input of custom duties....
  • »Gov’t: 20% of Foreign Labour Force in Jordan Carry Permits

    Thu 3 May / May 2018. 12:00 AM
    DEAD SEA —AlGhad— Minister of Agriculture Khaled Huneifat stated last Thursday, on the sidelines of the Jordan Economic Forum, that only 20 per cent of Jordan’s foreign labour force carry permits, out of one million.
    Around 80 per...
  • »New Tax Bill to Criminalise Tax Evasion: Gov’t

    Wed 2 May / May 2018. 12:00 AM
    AMMAN —AlGhad— Minister of Finance Omar Malhas stated today, Wednesday, addressing the Jordan Economic Forum, that the government’s new tax law bill is focused on countering tax evasion and enhancing tax collection mechanisms,...
  • »RJ Cuts Q1-2018 Losses in Half

    Wed 2 May / May 2018. 12:00 AM
    AMMAN —AlGhad— Royal Jordanian Airlines (RJ) CEO and General Director Stefan Pichler announced today, Wednesday, that the company’ losses during the first quarter of the year, Q1-2018, were reduced by at least 50 per cent.
  • »Oil Prices Drive Up Electric Power Rates

    Mon 30 April / Apr 2018. 12:00 AM
    AMMAN —AlGhad— The government, last Saturday, raised the electric power rate by JOD0.002 on the kilowatt, to make up for the hike in the global oil price range, official sources have confirmed.
    According, the rate per kilowatt now...
  • »Tax Dep’t: 132,000 Companies Involved in Tax Evasion

    Mon 30 April / Apr 2018. 12:00 AM
    AMMAN —AlGhad— Around 132,000 registered and active companies practice tax evasion, a study by the Income and Sales Tax Department (ISTD) has found, as the combined annual income tax of these companies does not exceed JOD60 million....
  • »Gov’t Raises Fuel Prices 3.7%, 4.2%, 6.5% and 14%

    Mon 30 April / Apr 2018. 12:00 AM
    AMMAN —AlGhad— The government decided to raise fuel prices by 3.7-14% per cent as of midnight today, Monday, effective May 1st, 2108. Following are the increase rates and new fuel prices for May: - Octane-90 (3.7%): from JOD0.78 per...
  • »Gold Settles after Fluctuating Week at JOD32.8/gm of 24k-Gold

    Mon 30 April / Apr 2018. 12:00 AM
    AMMAN —AlGhad— Gold prices in Jordan have fluctuated throughout the past several days due to the variations in the global price range of gold, anchoring finally at JOD32.8, JOD28 and JOD24 per gram of 24, 21 and 18 Karat gold,...
  • »Jordan Pushing Ahead with Five-Year Reforms: Minister

    Sun 29 April / Apr 2018. 12:00 AM
    AMMAN —AlGhad— Minister of Planning and International Cooperation, Emad Fakhouri, said Jordan is working on completing a five-year reform matrix with the World Bank and the country's major donors aimed to boost growth and create jobs,...
  • »Jordan Participates in the African-Arab Economic Forum

    Thu 26 April / Apr 2018. 12:00 AM
    AMMAN — The two-day African- Arab Economic Forum, dubbed, "To Build Integrated Model of Regional Cooperation," held in the Moroccan city of Rabat concluded its deliberations on Thursday.
    Senator Mustafa Barari, who attended the discussions,...
  • »Gov’t, ‘Refinery’ Negotiate Purchase, Sourcing Quota

    Thu 26 April / Apr 2018. 12:00 AM
    AMMAN —AlGhad— An informed official source has informed AlGhad today, Thursday, that the Jordan Petroleum Refinery Company is currently negotiation the terms of a purchase and source quota arrangement with the government, anticipating an...
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