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Jordan has taken a step towards exploring and developing its oil reserves. It signed a Memorandum of Understanding with Global Oil Shale Holdings (GOSH) in this aspect for two oil shale blocks in the kingdom. Previous samples and geologic evaluations Read more
A Middle East free of nuclear weapons conference to be held in Finland will not be attended by Israel according to the head of Israel’s Atomic Energy Commission (IAEC) even though a Finnish delegation was in the country to lure Read more
In a major boost to Jordan’s research and health sector, a newly developed bio-absorbable coronary stent has been produced by a Jordanian based company. The Abu Sheikha Drugstore announced that it has developed what it describes to be the first Read more
A stake of 6.6% has been acquired by a Jordanian private equity firm in the Jordan Dubai Islamic Bank (JDIB). The private equity firm known as Foursan Group has now taken over as the second largest stakeholder in the bank. Read more
Negotiations between a Kuwait based telecommunication operator, Zain, and Vodafone are heading to the right direction as wished by the two companies. In a statement released by Zain, the two companies seem not too far away from the concluding the Read more
One of the largest financial institutions and privately owned bank in MENA, the Arab Bank, is being engulfed in controversies following the sudden resignation of its chairman and grandson of the founder, Abdul Hamid Jr. after numerous arguments with the Read more
The struggle between the government forces and rebels to assert their authority in Aleppo and beyond continues with both sides faraway from declaring victory. However, an opposition leader has called for the protection of the rebel forces through a foreign-guarded Read more
The Jordanians will provide special English language training and technical aviation training for Iraqi Air Force technical personnel. This $370 million training, to be completed by August 2013, is funded by the Pentagon. This one-year training, to be carried out Read more
Morocco and Jordan have received over $ 8 billion financial assistance from the International Monetary Fund to help the two countries economies withstand the fallouts of the political turmoil and popular unrests rocking the MENA region. A $ 6.2 billion Read more
As Jordan continues to try to put its economy and political tension under control, it has come to a conclusion with the International Monetary Fund for a $2 billion loan. The rise in oil prices and the political tension has Read more