- Advertising Agencies
- Arabic Sweets,
Pastries, Chocolates
- Architects

- Banks
- Beauty

- Car Rental
- Coffee Shops
- Commerce
- Consulting
- Craft

- Data Processing &
Computer Systems
- Decoration &

- Environment / Waste
Management Services
- Express Delivery
- Equipment : food
services, catering,
kitchen, laundry

- Financial Services
- Flowers
- Food & Beverage

- Hotels 3
- Hotels 4 & 5
- Hotels & Suites

- Industry
- Insurance
- Interior Design /
- Internet

- Jewelleries

- Leisure
- Lighting

- Medias
- Medical / Technology

- Office Equipments /
- Outside Decoration

- Printing

- Real Estate
- Restaurants

- Security
- Shop Systems
- Superstores

- Telecommunication &
Mobile Phones
- Transport
- Travel Agencies


Back to archives Back to news
French Version

Business Scene

Jordanís Ministry of Foreign Affairs is to launch a rehabilitation program in its departments soon. Minister Abdel Illah Al Khatib said the aim is to increase the Ministryís role in promoting Jordanian economic and touristic prospects around the world.

One aspect of the plan is to appoint 50 Jordanian embassies worldwide to represent Jordanís private sector and help local companies and enterprises contact their international counterparts more efficiently. The ministry will also establish a department to follow up on the Free Trade Agreement with the US.

* The government allocated one percent of the annual profits of local businesses to support scientific research at local universities and educational institutions. The Minister of Higher Education, Khalid Touqan, said the decision was taken upon the formation of a higher committee for scientific research, which became effective on Tuesday. Sources at the Ministry of Higher Education noted the committee might ask the Jordanian private sector to establish a special fund for scientific research worth JD 1 billion in capital.

* The Central Bank of Jordan gave local banks permission to take over insurance companies. The CBJ decision noted banks could take control over insurance companies only if the banks owned large amounts of stocks in these companies. The decision aims to rehabilitate the insurance sector where more than 30 companies are operating in the Kingdom. The decision also paves the way for local investment in this sector.

* The European Union will grant Jordan 172 million euros (JD 112.5 million) over the coming three years. This aid comes as part of the EU-Mediterranean Partnership Agreement, signed in 1995. So far Jordan has received around 254 million euros (JD 166.2 million) in financial support between 1996-2000. About one-third of this aid was used in to support the Treasury. The EU reiterated last week its commitment to support Jordanís economic reforms through financial and physical cooperation.

* Exports and Finance Bank (EFB) made JD 2.73 million in profit in the first nine months of 2001, a 46 percent increase over the same period last year. The bankís revenues from trade finance also increased by 74 percent to JD 2.21 million. This is in addition to JD 1.34 million the bank made from investments and bonds. EFBís sources noted by the end of 2001 the bank is expected to have produced JD 3.75 million in profits, a 29 percent increase over 2000.

* Arable lands used for agriculture in Jordan saw a 23 percent decline in area due to drought and inefficient competition from imported agricultural products. According to the General Statistics Dept 2.354 million dunums are used for planting crops instead of the 3.055 million dunums used two years ago. The statistics also show irrigated lands comprise only 33 percent of these lands. About JD 121 million were given to Jordanian farmers in feasible loans since 2000. Most of these lands are planted with wheat and barley.

* Thirty-five new companies registered at the Ministry of Trade and Industry in September are owned by non-Jordanian investors. These companies have JD 1.24 million in capital. The investors come from Palestine, Syria, Egypt, Iraq, Lebanon, Libya, China, Australia and the US.

The Star redaction
The Star

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