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French Version

Business Scene

* Jordan Telecom Co (JTC) loses some JD 13 million a year because of hacking. Pierre Mattei, JTC's chief executive officer, said the company is losing about JD 6 million illegal international phone calls from Jordan through the Internet. Another JD 7 million is lost because of receiving international calls.

* In recent weeks, both the JTC and the Telecommunications Regulatory Commission closed down many Internet cafs and companies that provide phone call services through the web illegally. Mattei noted the company is considering the idea of reducing the prices of international phone calls to encourage people to use this service legally through fixed lines.

* One-third of Jordanian families own cars, while almost 10 percent of them have personal computers. According to a recent report by the General Statistics Dept, not all Jordanians have electricity and only 86.5 percent of households are connected with the water networks in the Kingdom. Also, about 60 percent of them are linked to the sewage networks. The report indicated married Jordanians make up 53 percent of overall Jordanians.

* Retired army officials are expected to get bonuses at the end of this year. This will mean the government has to cough up an extra JD 11 million. Sources at the Ministry of Finance note the increase is aimed at providing better life conditions for the retired army officials. The government has a retirement bill of JD 320 million, an increase of 300 percent over the past decade.

* Jordan's exports to Algeria increased in the first half of 2002 by 116.5 percent over the same period last year, standing at JD 17.1 million. Algerian sources indicated bilateral trade relations witnessed gradual growth over the last 12 months, mainly in the pharmaceutical sector. Jordan and Algeria have trade contracts in different sectors, including transport and commerce. Many Jordanian pharmaceuticals are working in Algeria through partnerships with their Algerian counterparts. Local exports to Algeria are expected to increase by JD 35 million by the end of this year.

* The Housing Bank for Trade and Finance (HBTF) earned JD 16 million in pre-tax profits in the first half of 2002. The bank's assets also increased to JD 1.71 billion, while its deposits JD 1.25 billion. HBTF's loans for this year went up by JD 20 million to JD 604.5 million. An HBTF branch is expected to be launched soon in Bahrain. The Housing Bank is now working on establishing a $30 million private bank in Syria, it would have 49 percent of its shares. The bank is a joint venture with Syrian investors and financial institutions.

* A new JD 40-million hospital will be established near the Baqa'a refugee camp, north of Amman. Construction is expected to start early next year and is understood that the Ministry of Health is still completing its technical studies and design for the project. A Chinese company will carry out the project. About JD 7 million of the money will go for building the hospital, while the rest JD 33 million for equipment and operational expenses.

* Energy-saving tools are finding better market in Jordan. Ammar Taher, director of the National Energy Consumption Project, said the Kingdom will witness a gradual demand for appliances and tools that save energy consumption in households and industries. He said the industrial sector is using one-third of the overall energy consumption, but can save up to $100 million each year by upgrading the quality of its engines. So much energy can be saved but first of all there must be a conversion process which can be very costly. The national project is a joint venture between Jordan and Germany, conducted through the German Technical Agency (GTZ).

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