THE COMPANY: Jordan Steel (JOST) was established in 1993, and has since grown to become the country’s largest steel producer, with 250,000 tonnes of capacity. JOST is a publicly listed company on the Amman Stock Exchange, with paid-in capital of JD35m ($49.18m). The company produces a variety of steel...
Amid rising debt and reduced growth, the government is working to balance measures to boost revenue and stimulate the economy with efforts to reduce public spending. In a delicate political climate, the government is undertaking a review of fiscal legislation in an attempt to carefully rebalance, rather than completely overhaul, key taxation and...
THE COMPANY: Jordan Express Tourist Transport (JETT) is a publicly listed company with JD10.8m ($15.18m) in paid-in capital that provides passenger and tourist transport services. JETT transports passengers between Jordan’s main cities and from Jordan to Syria, Lebanon, Iraq, Egypt, Saudi Arabia, Qatar,...
THE COMPANY: Jordan Cement Factories (JCF) was established in 1951 and started operations in 1954, making it one of the kingdom’s oldest enterprises. The company had an exclusivity agreement with the government of Jordan until 2001. The company went through a number of milestones, including establishing...
While Iraqi residents of Jordan drive demand across the kingdom’s economy, Jordanian businesses also have an important role to play in the stabilisation and reconstruction of Iraq, especially following the withdrawal of US troops from the country in 2011. Jordanian investors remain hesitant about their neighbour’s security situation and complex...
The perennial issue of lending to small and medium-sized enterprises (SMEs) in Jordan is being addressed by a new fund providing long-term financing and institutional support for up to 15 companies with high growth potential, particularly in the technology sector. The nascent private equity industry and conservative banking sector will be all eyes...
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