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Business News

In ME and Europe Burj Dubai is now tallest structure, and growing
Burj Dubai, the iconic super-tower of Emaar Properties, is now the tallest structure in the Middle East and Europe. At 110 levels and 380 meters high, it shares the honor of having the largest number of floors in any building in the world, alongside Sears Tower in Chicago.
Burj Dubai is the centerpiece of the AED73 billion ($20 billion) Downtown Burj Dubai, a mixed-use project in the heart of Dubai featuring residences, commercial space, hospitality projects and several retail outlets including The Dubai Mall, the world’s largest shopping and entertainment destination. "Burj Dubai is not a mere vertical conquest or a race for fame; it is an icon for the collective aspiration of the people of Dubai, who have been led to dream of the impossible and attain it," Chairman of Emaar Properties, Mr Muhammad Ali Alabbar, said. When completed, Burj Dubai will be the tallest building in the world in all four categories recognized by the Council on Tall Buildings and Urban Habitat (CTBUH), which compiles and ranks the world’s tallest buildings. CTBUH ranks buildings on the basis of spire height, the highest occupied floor, roof height and pinnacle height. In ME and Europe Burj Dubai is now tallest structure, and growing

Time Center launches Timberland watch
Nothing is left to chance with the new HT? by Timberland®. Its design is eye-catching, with three round dials and a smoothed rectangular frame. In addition to the analog and digital time displays, the HT? contains an altimeter, barometer and compass to cover all eventualities on time’s adventures. The chronograph provides a practical start-stop function and cumulative time measurement. And even time’s biggest adventurers need their sleep so HT? is equipped with an alarm.
Timberland collection of watches are available at all Time Center Outlets.

Tamleek announces Jabal Amman Residence
Tamleek Real Estate and Development recently announced that it is starting construction work on its new real-estate project in the Third Circle area in Amman.
The Jabal Amman Residence project is located in one of the city’s quieter and more prestigious residential areas, and provides a view of both the old and new quarters of the city, plus all the elements of comfort with facilities that define modernity, sophistication, and style.
Jabal Amman Residence will comprise three buildings, two of which would be attached to one another with a joint elevator and staircase, while the third will consist of one apartment in each floor, which comes with its own set of utilities. The three residential buildings consist of five floors of 325m? to 350m? apartments. An additional service floor is added to each building of this residential complex.
Other services in the Jabal Amman Residence project include two parking spaces for each apartment and a specially designed play area for the tenants’ children.
Board Vice-Chairman and CEO of Tamleek Real Estate, Mr Mu’ayad Al-Dabbas, said, “Tamleek employed their expertise and skills to present to the public a real-estate project that combines the latest in architectural designs and a true definition of luxury and comfort in one. We pride ourselves on our ability to respond to the demands of both the residential and commercial sectors in Jordan”.

Umniah supports media tour
Umniah, the latest mobile company to launch in Jordan, has participated in Jordan Media Center tour, in cooperation with Jordan Tourism Board and Baptism Board to some of the wonderful sights in Jordan. The tour was attended by 145 journalists and press members from different local, Arab and foreign media organizations in Jordan.
The tour targeted the ancient sights of Madaba including Baptism, the Greek Orthodox Church of St. George and Mount Nebo.
“We are glad to be part of raising awareness about significant sights and promoting Jordan’s historical destinations and treasures,” said Rania Abu-Khader Salfiti, Communications Manager of Umniah.
The tour included lunch in the municipality of Madaba. The lunch was sponsored by Umniah to honor journalists and press members who represent Jordan and reflect its image through their creative writings.
“At Umniah, we believe in the important role our journalists and media members play in reflecting a civilized picture of Jordan; therefore we wanted to express our appreciation to our local media,” added Salfiti.

To enhance competitiveness RSS engages SABEQ Program
HRH Princess Sumayya Al-Hassan presented opening remarks at a two-day strategic planning workshop held March 5-6, in partnership with the USAID-funded Sustainable Achievement of Business Expansion and Quality program (SABEQ). The focus of the workshop, provided to the Royal Scientific Society (RSS) management, explored how RSS could enhance its competitiveness as a specialized scientific and technological base for Jordan and the Middle East region. The objectives of the workshop centered on how to re-position RSS and its mission in alignment with the National Agenda as disclosed last year by His Majesty King Abdullah II, by creating a knowledge based economy in Jordan. Much of the work and strategies determined in the workshop, included actions on how to engage middle management to play a critical role in RSS’s change process. Participants in the workshop also agreed on several strategic directions and actions on the short, medium and long term. Follow up support provided by SABEQ program includes technical assistance centered on encouraging Research and Development (R&D), streamlining the RSS procedures to assist and protect Jordanian innovators and assist in increasing Jordan’s regional competitiveness as a whole on the scientific and technology front.

Petra Marriott offers Easyguide service
In its endeavor to constantly be at the forefront of services for its guests, Petra Marriott Hotel is offering a new service specifically for the leisure traveler: “Easyguide” for Petra.
Easyguide—available now in 2 languages, Arabic and English with the addition of Spanish and French by the end of this month—is the first handheld audio guide for the tourist usage in historic sites in Jordan. Petra Marriott is the first hotel in Jordan that offers this service, which is provided by Easyinfo. It is an interactive audio guide using handheld devices with prerecorded commentaries for 30 attractions in Petra. It offers time sensitive travelers an intimate, unhurried experience at various archeological sites. Such an experience allows travelers to walk and experience individual sites at their leisure, neither hindered nor restricted by schedules. Easyguide will also facilitate the easy access to meaningful, quality narration for the individual sites, which users will be able to access and replay as necessary, without having to be sensitive to group dynamics associated with tour group travel.
General Manager of Petra Marriott Hotel, Mr Hasif Hijazi, commented, “Our guests come to Petra eager to learn about this intriguing city and its unique history. Easyguide puts on demand, an in-depth prospective of key Petra sites right in the palm of their hands.”

International corporate news
Airbus unveiled a long-awaited restructuring plan, which had been held up by last-minute negotiations between France and Germany. Some 10,000 jobs are to go over four years, split between Airbus and its contractors. New “industrial partners” and buyers are being sought for six factories. In order to win backing for the plan in France (where outraged unions called for industrial action), final assembly of the A350 XWB jet will be exclusively based in Toulouse, but Germany is to win increased production of the bestselling A320 narrow-bodied aircraft. After last year’s woes, Airbus forecast that the plan would provide it with eventual annual savings of €2.1 billion.
Italy’s government increased the size of the stake it is selling in Alitalia to 39.9 percent (from the 30.1 percent announced last December). New conditions were also attached to any potential sale, such as retaining the loss-making airline’s base in Italy.
Deutsche Telekom reported a surprise net loss of €898 million for the fourth quarter. The company booked charges related to its effort to shed 32,000 jobs, but it is also suffering from the continued drain of customers away from its fixed-line business.
In a sign of the further strengthening of Ferdinand Piëch’s hand at Volkswagen, the carmaker raised its stake in MAN, a German lorry-maker, to nearly 30 percent. Mr Piëch, VW’s chairman, has proposed a merger of its heavy-truck division with MAN and Scania, a Swedish lorry-maker in which VW also retains a large stake.
Citigroup named Gary Crittenden as its chief financial officer. Mr Crittenden, who has spent the past seven years at American Express, joins the world’s biggest bank amid criticism from shareholders that it has dampened profits by running up expenses.
Blockbuster reported a 28 percent drop in fourth-quarter net profit compared with a year ago, as the promotion costs for its online service soared. The film-rental company also said it was trying to “resolve a disagreement” with its chief executive over his bonus.
Wal-Mart made an expansive move in China by acquiring 35 percent of the operator of Trust-Mart hypermarkets. The deal throws down a challenge to Carrefour, China’s biggest foreign retailer. Trust-Mart’s stores are located in city areas where space is at a premium.

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Some Marks
To see in Jordan
Fairs & Exhibitions
Useful Addresses
Media of 1stjordan
Impact of 1stjordan
The 'First Jordan' Card
Press Book
Exotica - Flowers - Shopping on line
Engineering Consultants Lebanon
Nsouli Jewelry Lebanon
Hotel Beirut Lebanon
Rent Villas France for Holidays, Seasonal Rentals France
Sole Agent for Philips & Whirlpool in Lebanon
Arab Printing Press Lebanon
Hotel Beirut Lebanon
Arabic Music, CD Arabia
Hotels Syria
Groupe PMR