Ammon News, Business

Saudi Fund for Development to sign project contracts in Jordan

[7/23/2017 6:45:03 AM]

AMMONNEWS - Head of the delegation of the Saudi Fund for Development (SFD) Abdullah Bin Mohammad Al Khowaitir said the fund is keen to continue cooperation with Jordan in light of the distinguished ties between Jordan and Saudi Arabia. He told Petra that his visit to Jordan, which will last until Tuesday, aims to follow up on projects implemented through the Saudi grant, noting that the visit will witness the signing of contracts on projects financed by Saudi Arabia including the desert highway. During the visit, the delegation will hold talks with the ministers of public works and housing and planning and international cooperation as well as other officials on cooperation between the two sides.

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Jordan, Turkey seek further business ties

[7/23/2017 6:43:28 AM]

AMMONNEWS - The Joint Jordanian Turkish Business Council will meet Tuesday in Istanbul, Turkey, according to a Jordan Businessmen Association statement. The meeting will shed light on the investment climate in Jordan and projects that the Turkish private sector could invest in. The two-day meeting touch upon common issues related to trade and investment and ways to boost them, particularly in the contracting, renewable energy, education, transport and water domains.

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Campbell Gray Living Amman wins triple accolade at Africa and Arabia

[7/20/2017 10:00:30 AM]

AMMONNEWS - Al Seraje Real Estatepart of the Audeh Group have won three awards at theAfrica & Arabia Property Awards 2017-2018, one of the most prestigious industry events in the region. The company won the followingaccolades for the Campbell Gray& Campbell Gray Living project: Award winner - Mixed Use Development - Jordan Award winner – Residential High-Rise Architecture Jordan Award winner – Interior Design Apartment Jordan The awards will be presented at The J W Marriott Marquis Hotel in Dubai on 7th September 2017.The Africa & Arabia Awards are part of the International Property Awards that include the regions of Africa, Arabia, Europe, The Americas and the UK. The awards celebrate the very best projects and professionals in the industry.Companies receive awards for categories ranging across property development, real estate, interior design and architecture categories. The highest scoring five-star winners from each category of these awards will be automatically be put forward for re-judging against the five-star winners in other regions of the world. Winners will be announced at The International Awards ceremony, which will be held at the Savoy Hotel in London on the 4th December. The Campbell Gray& Campbell Gray Living development is located in Jordan’s new downtown district of Abdali, Amman. The landmark development includes a five-star hotel (Campbell Gray) and a residential, retail and office complex (Campbell Gray Living). The architectural design comprises two seemingly identical towers, which form a mirror image of each other. Landscaped rooftops provide green spaces, which take advantage of Amman’s unique climate. Each apartment is designed in a classic, contemporary style, using the highest calibre materials and branded products. The awards will also play host to the IPAX Africa & Arabia exhibition on 7th September. Top industry suppliers will be on hand to showcase their products and services, whilst delegates can network with the very best industry CEO’s, Managing Directors and decision makers within the Africa & Arabia area.

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Royal Jordanian, the Official Carrier of Jerash Festival

[7/18/2017 5:45:37 AM]

AMMONNEWS - Jerash Festival for culture and arts chose RJ as the official carrier for the singers, poets and members of music bands that come from different parts of the world, Arab and other, to participate in the event. The company has been the festival’s key partner and official carrier since it was first launched in 1981; both are national organizations that project Jordanian culture and tourism to the world. The sponsorship is part of RJ’s involvement in and contribution to different activities in the kingdom, be they cultural, social, educational or economic, and as part of its role in support of tourism in the country. RJ offers discounted tickets to Arab and international bands, folk troupes and poets participating in this edition, which will be held at the city’s monumental theatre between July 20 and 30, 2017, and in Amman between July 31 and August 6. The festivals’ Executive Director Mohammad Abu Summaqa expressed pride in and satisfaction with this partnership, stressing the festival’s role in promoting RJ through invitations, press releases, promotions and advertising on social media channels, newspapers, websites, radio stations, TV stations and billboards.

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Amman Bourse opens trading with drop

[7/17/2017 6:56:40 AM]

AMMONNEWS - The Amman Stock Exchange (ASE) Monday opened trading with a drop to 2170 points from its last session's closure of 2174 points. The market index fluctuated in the first 15 minutes of today's session between 2169 points and 2174 points with a trading volume of JD1.3 million.

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Jordanian expat remittances reach $1.5 billion end of May

[7/10/2017 2:59:12 PM]

AMMONNEWS - Remittances of Jordanian expatriates rose by 1.5 percent at the end of May this year standing at $1.5 billion, according to the Central Bank of Jordan (CBJ). CBJ figures showed that remittances of Jordanians abroad rose by 17 million at the end of May 2017 compared to the same period of 2016.

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Jordanians exports to countries of North America, Asia rising - statistics

[7/8/2017 5:41:49 AM]

AMMONNEWS - National exports to the counties of North America Free Trade Agreement (NAFTA) increased by 6.9 per cent in the first quarter of 2017, the Department of Statistics (DoS) said Saturday. The US accounted for the biggest share of these exports, standing at 7%, according to DoS figures. The DoS report showed that national exports to non-Arab Asian countries, rose by 24 per cent, including India by 4.6 percent, while exports to the Grand Arab Free Trade Zone dropped by 8 percent. The biggest share of decline in export accounted for Saudi Arabia, which fell by 20%, followed by EU countries by 10%, the statistics revealed. Imports from the Grand Arab Free Trade Zone and the NAFTA countries rose by 13 and 71 percent respectively, the Dos data indicated. Other figures revealed that imports from non- Arab Asian countries regressed by 6 percent , including South Korea which dropped by 17% and EU countries by 15 percent, including Germany which fell by 8 percent. *Petra

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