AGI signs agreement with VARCC
Arab German Insurance (AGI) signed an agreement with VARCC Arabian Communications as their strategic partner in advising, administering and executing PR strategies and tactics.
General Manager of AGI, Ra’ed Al-Raimouny, signed the agreement with General Manager of VARCC, Tala Abu Taha. Raimouny stated, “Our aim is to maintain our leadership position through our new concept of management that entails up-to-date and advanced management methodologies.”
Abu Taha said, “AGI and VARCC will be working hand in hand as we both challenge the industries we are in through our global services and advanced management methodology. At VARCC, our team’s experience and specialization will provide AGI, as well as our local and regional clients, a competitive edge through our innovative ideas and tactics
ACT becomes main call for Maersk
Due to its high level of performance and good reputation worldwide, Aqaba Container Terminal (ACT) has become a direct call for Maersk line.
“ACT is proud to become a direct call for the famous Danish line which is one of the top liner shipping companies in the world. This is a clear evidence of the huge development and progress achieved by ACT during the past few years. This also helps to enhance the vital role of Aqaba’s port as well as highlighting its prosperous growth,” ACT CEO Mr Patricio Junior said.
MAERSK vessels will call Aqaba on a weekly basis as part of their new Far East – Red Sea service.
Maersk line, which is a division of A.P. Moller – Maersk Group, offers second-to-none, door-to-door transportation service and has a fleet with more than 500 container vessels and over 1.4 million containers.
GFH announces results of strategic review
Gulf Finance House (GFH), the leading Islamic investment bank, hosted a shareholder event in Kuwait April 10, to explain the results of its strategic review and further maintain its transparency with shareholders.
CEO and board member Mr Esam Janahi explained to shareholders the key elements of GFH’s 5-year growth plan. “We intend to develop our funding model, expand our business lines and extend our international reach. Given the medium term outlook for our markets and products, the board is confident that these actions will produce strong growth in earnings over the next five years.
“GFH views the medium term future with confidence. We are intent on developing our economic model while remaining true to our core goals. Our objectives are clear: To continue to grow our income from large projects while supplementing this growth through the development of a wider range of other products and gaining access to new markets,” Janahi concluded.
JVMRS supports local women
The Jordan Valley Marriott Resort & Spa (JVMRS) employs more than 30 percent of its employees from the local village of Sweimeh, located near the resort. Several young women from Sweimeh have chosen to work for the resort and have excelled in their different jobs.
“We are delighted to have these young women from Sweimeh working in our resort, as they have proven to be an incredible asset to the property,” Director of Human Resources at JVMRS, Lama Al-Masri, said. She added, “We offer them English classes to encourage them to be better prepared to move on in their careers with Marriott and in the hospitality business. This also helps them develop their language skills so that they are ready for promotions and better positions.”
Maxwell House introduced to Jordanians
Kraft Foods Middle East & Africa Ltd. and HBG marketing (Jordan) - LLC introduced its range of instant coffee “Maxwell House Selection”.
“Maxwell House goes to great lengths to provide consumers with the finest cup of coffee that is good to the last drop and spares no effort in the process,” commented Kraft Foods Marketing Manager, Beverages MEA DM,Wael Kaskas. “We use Arabica beans, the richest-tasting beans, that can take up to five years to grow on trees, and are handpicked from Brazil and Colombia through a very careful selection method.”
Jordan, Germany sign cooperation agreements
Two cooperation agreements worth €27.5 million for joint projects in the water sector and to support the financial management reform were signed on Monday, at the Ministry of Planning and International Cooperation. The agreements on financial and technical cooperation were signed by Minister of Planning and International Cooperation, Suhair Al-Ali, and German Ambassador Dr Klaus Burkhardt.
Under the technical cooperation agreement, a grant of €1 million will promote a new component of the ongoing Financial Management Reform Project. The new component will focus mainly on enhancing the efficiency of budget planning and expenditure allocation in line with Jordan’s reform and development strategy.
In the framework of financial cooperation, €26.5 million as soft loans will be allocated to projects in the water sector. Three projects will aim at improving the water supply and water management in Greater Amman, the Northern and Middle governorates.
Germany is one of Jordan’s main cooperation partners in various development programs, aiming at improving living conditions in Jordan, promoting social and economic development, as well as protecting the natural resources. Since 2001, the German-Jordanian Development Cooperation is focused on the water sector (water supply, waste-water treatment and re-use, resource management), working towards an integrated, and sustainable water management.
Until today Jordan has been among the highest per capita recipients of German aid. Over the last four decades the bilateral development support to Jordan has exceeded €1.1 billion in grants, soft loans and technical assistance.