Blog: Economy

Christmas Spirit Comes To Abdali Boulevard

AMMAN — For the fifth consecutive year, The Boulevard in Abdali is spreading the Christmas spirit with celebrations featuring an open market and several activities held throughout the holiday...

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European Bank For Reconstruction & Development Extends $22M Loan To New Solar Power Plant In Jordan

AMMAN — Intensifying its support for Jordan’s solar power programme, the European Bank for Reconstruction and Development (EBRD) is extending a $22 million loan for the construction and operation...

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Jordan, World Bank Sign $200-Million Financing Agreement

Amman, Dec. 12 (Petra) -- The Jordanian Government and the World Bank (WB), on Tuesday, signed a soft loan and grant agreement worth $200 million to support the budget and finance a reform program...

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Planning Ministry Signs Agreements Worth 225m Euros With Germany, France

AMMAN — The Government on Wednesday signed two financing agreements of concessional joint loan with the French Development Agency (AFD) worth 150 million euros and a similar agreement with the...

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Jordanian Businessmen Association Denounce US Decision On Jerusalem

Amman, Dec. 7(Petra) - President of the Jordanian Businessmen Association (JBA) Hamdi Al-Tabba, early Thursday strongly condemned U.S President Donald Trump’s recognition of Jerusalem as the...

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Fakhoury Meets With Saudi Fund For Development Officials

AMMAN — Minister of Planning and International Cooperation Imad Fakhoury concluded a visit to Saudi Arabia on Wednesday, during which he held a meeting with the Deputy Chairman of the Board of...

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Jordan Signs Deal With US Firm To Build Mafraq Airport, Logistics Centre

AMMAN — Jordan Armed Forces (JAF), Mafraq Development Company and the US Safe Ports Company on Monday signed two initial agreements to set up a logistics airport and hub in Mafraq Development Zone...

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German Development Bank Grants Jordan 10m Euros For Education Program

AMMAN — Minister of Planning Imad Fakhoury and executive member of the German Development Bank (KfW) Joachim Nagel on Sunday signed the Financing Agreement of the second phase of the “School...

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European Bank For Development, Amman Municipality To Transform Amman Into A Smart City

AMMAN — The European Bank for Reconstruction and Development (EBRD) and the Greater Amman Municipality (GAM) are joining forces to transform Amman into a smart city, the bank said in a statement e...

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Jordan, IFAD Sign Financing Agreement Worth $12.8m

AMMAN — Jordan and the International Fund for Agricultural Development (IFAD) on Wednesday signed a financing agreement (concessional loan and grants) for the financing of small-ruminant...

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