FINANCE & ECONOMY

Julphar Reports First Six Months EarningsAugust 16, 2017

Julphar, the largest generic pharmaceutical manufacturer in Middle East and North Africa (MENA), announced sales revenue of AED 639 million in the first semester of the year 2017. The company posted a net profit of AED 64 million.

Julphar’s Chairman, His Highness Sheikh Faisal Bin Saqr Al Qasimi, said: “Julphar is now moving forward towards achieving its objectives for 2020 to stay at the top of the regional market. We are very proud"...

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CMB Successfully Goes-Live on Murex’s MX.3 Platform August 16, 2017

Murex, a global leader in trading, risk management and processing solutions, is pleased to announce the successful launch of the MX.3 platform at China Merchants Bank (CMB). As one of China’s largest commercial banks, CMB financial market department currently averages 8,000 trades per day with a portfolio of 320,000 live trades on MX.3.

CMB decided to launch the project to implement an enterprise-wide solution for their capital markets teams"...

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Registration open for governor-led trade mission to Jordan and Israel August 16, 2017

World Trade Center Utah is currently accepting registrants for a governor-led trade mission to Jordan and Israel Oct. 22 through 26.

“The trade mission to Jordan and Israel presents a unique opportunity for companies to explore business opportunities in the Middle East,” Derek B. Miller, president and CEO of the organization, said in a statement. “Companies can increase their opportunities to do business in these countries by taking"...

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SolarReserve Signs Agreement with South Australian Government for 150 Megawatt Solar Thermal Project with Energy Storage August 16, 2017

SolarReserve has signed a long-term Generation Project Agreement (GPA) to build a 150 megawatt solar thermal power station with 8 hours of energy storage near the town of Port Augusta, South Australia. The GPA with the State Government of South Australia was signed today at a ceremony with Jay Weatherill,"...

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Jordan's Unemployment Rate Hits 16-Year High, According to New Figures August 16, 2017

The unemployment rate in 2016 increased by 1.6 per cent, reaching 15.3 per cent, compared to 13.7 per cent in 2000, the Department of Statistics (DoS) announced on Sunday.

Unemployment among males in 2016 stood at 13.3 per cent, up by 1 per cent from the 12.3 per cent rate in 2000, while female unemployment went up by 3.1 per cent, from 21 to 24.1 per cent, between 2000 and 2016, a DoS statement showed.

The"...

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Purpose of decentralisation ‘unclear’ to many citizensAugust 16, 2017

As Jordan held its first governorate and municipal council elections on Tuesday, many eligible voters showed a lack of interest in participating and little knowledge about the concept itself.

Eligible voters interviewed by The Jordan Times on Tuesday either questioned the importance of taking part in the elections or said they did not understand the new decentralisation process.

Manar"...

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CBJ forms committee to improve financial inclusion August 16, 2017

The Central Bank of Jordan (CBJ) has formed a committee to design a national strategy for financial inclusion in the Kingdom, in cooperation with the private sector and banking institutions, CBJ Governor Ziad Fariz said on Monday.

The strategy will focus on people’s awareness of the financial environment and the protection of financial consumers, in addition to digital services and e-payment, which constitute a “main pillar” of"...

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UNHCR welcomes Australia’s $11.8m grant to Jordan August 16, 2017

The United Nations High Commissioner for Refugees (UNHCR) in Jordan has welcomed Australia’s $11.8 million grant to promote a range of services for Syrian refugees in Jordan between 2017 and 2019.

According to a statement issued by the UNHCR on Tuesday, the support will provide the necessary assistance to ensure a decent life to the refugees, including financial aid and healthcare, as part of the UNHCR ongoing efforts to ensure the safety"...

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Japan extends $12.6m to support Jordan's water sector August 15, 2017

Jordan and Japan Monday signed an agreement under which Tokyo will extend a $12.6 million grant to Jordan to finance the second phase of the Project for Rehabilitation and Expansion of the Water Networks in Balqa Governorate.

The agreement was signed by Minister of Planning and International Cooperation, Imad Fakhoury, Ambassador of Japan to Jordan, Shuichi Sakurai, Chief Representative of the Japan International Cooperation Agency (JICA) Office in Amman Tsutoma Kobayashi in the presence of Minister of Water"...

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Toshiba Wins Buyers Lab's Summer 2017 PickAugust 15, 2017

Toshiba Tec Corporation (TOKYO: 6588) announces that its e-STUDIO4508A has earned Keypoint Intelligence - Buyers Lab's Summer 2017 Pick. Toshiba's latest monochrome product surpassed comparable multifunction peripherals (MFPs) in reliability, usability, security, value and features during six months of rigorous, side-by-side product testing. Keypoint Intelligence-Buyers Lab presents its 'Pick' awards twice annually to acknowledge the best hardware and software offerings in specific product categories. Its unique and comprehensive testing assesses a wide range of features and performance factors that are most important for buyers. “The Toshiba e-STUDIO4508A offers excellent reliability and a feature set that is designed to enhance end-user productivity,” said Keypoint Intelligence Associate Director George Mikolay. “Users can create and access driver profiles to streamline frequently recurring print chores, while one-touch templates and the Simple Scan and Simple Copy menus make scan and copy jobs a cinch.” The industry-recognized......

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