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SMEs get more time to benefit from virtual marketplace export programmeOctober 13, 2014

Jordan Enterprise Development Corporation (JEDCO) announced on Sunday in a press statement that the deadline for receiving applications for the Development of Exports Programme through the virtual marketplace had been extended to October 30, 2014.


Small- and medium-sized enterprises (SMEs) in Jordan are set to increase their exports by tapping trade opportunities in virtual marketplaces (VMPs), as part of a new joint project of the World Bank and the International Trade Centre"......

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IMF welcomes progress in Jordan economyOctober 13, 2014

The International Monetary Fund welcomed Jordanian authorities' "commitment to, and progress in, implementing their economic program" despite increasingly difficult regional environment, including spillovers from tragic situations in Syria and Iraq.

"Building on strong performance this year, we reached a staff-level agreement on the fifth review under the SBA (Stand-By Arrangement) and on reducing the number of remaining reviews under the program; the outstanding disbursements will be distributed equally across those reviews," Kristina Kostial, IMF mission chief for Jordan, said in a statement...

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Prime minister participates in Round Square annual international conferenceOctober 13, 2014

Prime Minister Abdullah Ensour, on Sunday, took part in closing session of the Round Square annual international conference hosted by the King's Academy.

Six hundred students from around the world took part in the international conference" at King's Academy after the school won the bid to host the 2014 event. Round Square is a world wide association of more than 100 schools across continents sharing ambitious goals.

Ensour spoke"...

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Ministry of Water signs agreements to implement projects at a cost of 14.5 million EuroOctober 13, 2014

The Ministry of Water and Irrigation on Sunday signed an agreement to carry out projects at a cost of 14.5 million euros, provided by the German Bank of Reconstruction, to improve the water situation, reduce wastage and increase area under irrigation.

The Minister of Water and Irrigation, Hazem Al-Nasser, said in a statement that the projects are part of the initiative implemented in the Balqa and Madaba governorates, funded by the Gulf"...

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Relocation of key Amman market to go ahead-- officialsOctober 13, 2014

The Greater Amman Municipality (GAM) will proceed with a controversial plan to relocate the Abdali Popular Market to the new site of Ras El Ein in the capital, a move that prompted protests by shop owners and vendors, according to municipality officials. Bassem Tarawnh, GAM city deputy director for districts and environmental affairs, said a committee comprising municipality officials and representatives of the labour ministry, the public security"...

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Jordan to secure $129mln under Standby ArrangementOctober 13, 2014

Finance Minister, Ummaya Toukan, on Sunday said Jordan has agreed with the International Monetary Fund to cut the number of period reviews of the national economic reform program to three reviews to enable the Kingdom secure $129 million through the Standby Arrangement.

The minister, who was speaking to Petra on the sidelines of the IMF and World Bank annual meetings in Washington D.C., said IMF officials hailed Jordan's reform programs"...

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Taiwan Brings Latest Innovative High-Tech Products to GITEX 2014October 13, 2014

Executives of Taiwan's leading Information and Communications Technology (ICT) firms presented cutting-edge products and discussed industry trends at the "Taiwan Excellence Products Launch & International Press Conference" in Dubai this year during the GITEX 2014 exhibition.


Taiwan’s tech companies are known for their innovative, elegantly designed product solutions"...

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Polaris Congratulates Burgan Bank on winning the ‘Best Domestic Cash Management Bank of the Year’ AwardOctober 13, 2014

Polaris Financial Technology Limited’s Global Transaction Banking division (iGTB), provider of the world’s first complete Global Transaction Banking platform, congratulated Burgan Bank for winning the ‘Best Domestic Cash Management Bank of the Year’ award from the Asian Banking and Finance Magazine’s Wholesale Banking Awards 2014 in Singapore. K Srinivasan, EVP & Geography Head, Indian Subcontinent, Middle East and Africa (IMEA), Polaris Financial Technology, presented a plaque to Raed. Al"...

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12,426 Pilgrims Return through Al Ghuwaifat BorderOctober 13, 2014

By Sunday morning, the Al Ghuwaifat Border crossing logged in as many as 12,426 pilgrims returning to the UAE after completing their Hajj journey to the Holy Land. The Abu Dhabi Police has cooperated with the concerned authorities at the border point to ensure a speedy completion of all transactions and provide them with all means of comfort to alleviate their tiresome and long journey.


Major"...

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Hilton Worldwide Releases 2013-2014 Corporate Responsibility ReportOctober 13, 2014

Hilton Worldwide (NYSE:HLT) today released its 2013-2014 corporate responsibility report. The report is Hilton Worldwide’s third corporate responsibility report, and its first since returning to public markets following a record-breaking initial public offering (IPO) in December 2013. The report highlights efforts, achievements and priorities across the four focus areas of Hilton Worldwide’s corporate responsibility strategy, Travel with Purpose: creating opportunities, strengthening communities, celebrating cultures"...

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