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French Version

Business Scene

• Minister of Planning and International Cooperation, Dr Bassem Awadallah, said that the Joardanian economy has achieved a remarkable growth of 7.2 percent during the first six months of 2004 compared with 2.8 percent in the same period 2003 in real terms. He added that he expects a better performance over the coming few months resulting from an improvement in the industrial sector. Amman-Zarqa railway project

• The Minister of Public Works and Housing and Minister of Transport, Mr Raed Abu Saoud highlighted the importance of a railway line, between Amman and Zarqa, in reducing congestion and limiting environmental pollution caused by car-exhaust fumes. This project, which will be launched in 2008, will utilize the ‘Bot’ technique through a 4-stage stretch. The first stage spans 28 km from Zarqa to Raghadan’s complex in Amman, and then it will branch out from Raghadan to Ras Al Ain in the second stage, from Raghadan to Abdali in the third, and from Raghadan to Queen Alia’s International Airport in the fourth. Iraq’s frozen accounts

• Jordan would return what is left of the Iraqi accounts in Jordanian banks, frozen since the war in Iraq started in March 2003, according to Minister of Finance, Dr Mohammad Abu Hammoor, after all amounts due to Jordanian businessmen have been settled. In the meantime, a major issue that is still causing headaches for many Jordanians, who hold large amounts of the old Iraqi currency, has been brought to the attention of the Jordanian government. Many Jordanians left stranded with the old Iraqi Dinar (Swiss Edition) are complaining that the 400 million in this currency are rendered of little value as the former US occupation’s civil administrator, Paul Bremer, fixed last October the new US introduced Iraqi Dinar as equivalent to 150 dinars of the old Swiss edition. Jordanian Laboratories Approval

• The Standards and Specifications Institution participated in “ The International Engineers Conference” held between August 24-25 under the auspices of the Jordanian Engineers’ Association and the Union of Engineering Organizations in the Islamic countries. During the meet, a working paper was presented dealing with ‘the importance of obtaining authorization for Testing and Measurement Jordanian Laboratories’. This paper asserted the role of the Approval Unit at the Institute in giving approvals and confirming the local laboratories efficiency; however it has been found that some laboratories are facing difficulties in matching their test results with international standards (Traceability). Cement reinforces Injaz programs

• The Jordanian Cement Company is following an interest in the local socio-economic programs such as Injaz which provides economic opportunities for Jordanian youth. The company has adopted two schools in Tafila Governorate that apply the various program’s courses; Director-General of the company, Mr Samer Biraqdar submitted a cheque for JD 6,000 thousand to the program’s Board Chairman Lina Hindeleh. On the other hand the company has formed a group of its employees to lend support voluntarily in such programs at the various schools since 2002. As a result an increase in employees activities has been witnessed in addition to the children’s working experience in the industrial field. Trade soars so does deficit

• The External Trade figures registered a hike of 34.2 percent in the foreign during the past 7 months of 2004, compared to the same period in 2003. Jordan’s exports rose by 29.8 percent, againt 36.5 percent in imports. This raised the trade deficit to 43.9 percent. On the other hand, garments led the exports in ranking with JD 357.9 million, pharmaceuticals second at JD 99.5 million, fertilizers third at JD 94.2 million and Potash fourth at JD 87 million during the same period. Similarly imports increased to JD 3080 million from JD 2256.8 million in the same period last year. Oil was first at JD 434.9million followed by machines and tools plus parts at JD 227.4 million, then vehicles, tractors and motorcycles at JD 217.5 million.

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