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Arcapita acquires industrial real estate in USNovember 14, 2018

Arcapita, a global leader in Shari’ah-compliant alternative investments, has acquired a seven-property industrial real estate portfolio in Cleveland, Ohio, US.

The Cleveland portfolio comprises 655,000 sq ft of high-quality industrial assets within the metropolitan area and is occupied by a diverse range of creditworthy tenants operating in the logistics, technology,"...

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US-Based Lineage Logistics Acquires UK Cold Storage, Frozen Food and Logistics Service Provider Yearsley GroupNovember 14, 2018

(AETOS Wire)-- Lineage Logistics Holdings, LLC (“Lineage” or the “Company”), the world’s most innovative and trusted provider of temperature-controlled supply chain solutions, today announced it has acquired Yearsley Group Limited (“Yearsley”), a leading temperature-controlled logistics service provider and frozen food distributor in the UK. Financial terms of the transaction were not disclosed.

“Yearsley"...

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Gov’t amends conditions to grant nationality, permanent residency to investorsNovember 13, 2018

AMMAN — The Cabinet on Monday amended conditions set in February this year to grant investors Jordanian nationality or residency, a Cabinet statement said.

The new rules entailed changes to several previous instructions, allowing, for example, investors who have been present in the country to apply and obtain the same privileges as new peers.

Investors are offered a list"...

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Joint Cabinet-Lower House meeting identifies government priorities for coming periodNovember 13, 2018

AMMAN — Lower House Speaker Atef Tarawneh, members of the House’s Permanent Bureau and heads of committees on Monday met with Prime Minister Omar Razzaz and a group of ministers, the Jordan News Agency, Petra, reported.

Discussions during the meeting, held in the Lower House, focused on the implementation of the pillars included in the Speech from the Throne as a joint task for the government and Parliament, the government's priorities"...

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Social development minister launches programme to promote lifelong learningNovember 13, 2018

AMMAN — Minister of Social Development Basma Ishaqat on Monday launched the “Development We Need for the Future We Want”, an initiative to promote the concept of adult education and lifelong learning.

Established in partnership with the Institute for International Cooperation of the German Adult Education Association, the initiative builds on Goal 4 of the 2030 Agenda for Sustainable Development.

During"...

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Jordan, Iraq discuss trade, joint venturesNovember 13, 2018

AMMAN — Iraq on Monday voiced support for Jordan’s request of exempting exports from customs fees, the Jordan News Agency, Petra, reported.

Iraqi officials also expressed readiness to reduce commerce barriers hindering trade exchange between their county and Jordan, Petra said.

During a meeting in Baghdad between Industry, Trade and Supply Minister Tareq Hammouri"...

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Jordan, Japan discuss investment plan for Hijaz Railway November 13, 2018

AMMAN — Jordan and Japan on Monday discussed an investment plan to revitalise the Hijaz Railway’s infrastructure in support of the national economy, the Jordan News Agency, Petra, reported.

During a meeting with a Japanese delegation, Director General of the Hijaz Railway Corporation Salah Luzi said that the plan would be funded by the Japan International Cooperation"...

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ASE closes at JD5.8 millionNovember 13, 2018

Amman, Nov. 12 (Petra) - The Amman Stock Exchange (ASE) closed Monday's session with JD5.4 million shares traded through 3,221 transactions, with a trading value of JD5.8 million.

The stock index declined compared to the closing of the previous session with a negative change of 0.83 percent at the 1944 point.

When comparing the closing prices of 106 companies with traded shares, 24 witnessed a rise in their share prices, the shares of 46 others declined, while 36 others were stable.

"...

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Jordan scores significant improvement in ‘protecting minority investors’ indicatorNovember 13, 2018

AMMAN — Jordan jumped 40 spots in the last two World Bank Doing Business Reports’ “protecting minority investors” category, the Jordan Securities Commission (JSC) said on Monday.

In the 2019 report, Jordan’s ranking rose from 146th in 2018 to 125th, and improved 19 ranks between 2018 and 2017, JSC Chief Commissioner Mohammad Hourani said, according to the Jordan News Agency, Petra.

Jordan's"...

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Jordanian-Syrian hair salon helps strengthen Mafraq’s social cohesionNovember 13, 2018

AMMAN — Two Jordanian and Syrian women have been defying the odds facing female entrepreneurs in Jordan, since they established their own hair beauty salon in a densely populated area of Mafraq Governorate.

Jordan can appear as a path full of pitfalls for young entrepreneurs, especially women, let alone foreigners.

For Mervat S., 25, who escaped her hometown of Homs five"...

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