Fitch Solutions sees a brightening outlook for the Middle East and North Africa (MENA) in 2022, as the region begins to shake-off some of the worst effects of the Covid-19 pandemic and moves toward greater economic normalisation.
Indeed, as oil production picks up, in line with a recovery in ...
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Posts tagged "COVID-19"
The pandemic has reset the ways we live, work, and do business, accelerating some long-term shifts and setting new changes in motion. In 2021, the McKinsey Global Institute took stock of how the economy is transforming—and the new opportunities now at hand.
Below infographic showcases 12 of the most thought-provoking ...
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Airbnb, the world's leading online accommodation booking platform, says the number of travelers and accommodations booked through their website is almost back to pre-COVID-19 levels, as reported by the BBC.
Interestingly, the company disclosed a record-breaking profit of USD55 million in quarter four. The number of nights booked in cities ...
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On Tuesday, the Lower House debated this year's draft state budget and the budget of government units with political for the second consecutive day. Administrative and economic reform, as well as the challenges imposed by the coronavirus crisis have been the core of most discussions at the parliament.
During Tuesday's ...
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On Sunday, an updated and feature-packed new version of the e-government health mobile application Sanad was released after a major revamp, as announced by the Ministry of Digital Economy and Entrepreneurship.
In the statement, the ministry said the application is available for download and update for all smart phones and ...
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On Saturday, Royal Jordanian (RJ) President/CEO, Samer Majali, said the national Airline reduced its losses by half last year compared to 2020. He added that the carrier is expecting to reach the break-even point in 2023 by implementing a package of measures aiming for operation growth and expansion.
RJ ...
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Hikma Pharmaceuticals PLC , the multinational pharmaceutical company, announces that it has entered into a license agreement with Medicine Patent Pool (MPP) for molnupiravir, MSD’s investigational oral COVID-19 antiviral medicine, in the Middle East and North Africa (MENA) region. The sub-license agreement is a result of the voluntary licensing ...
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On Wednesday, the Airport International Group (AIG) announced that Queen Alia International Airport (QAIA) received the ‘Airport Health Accreditation’ from the Airports Council International (ACI), which is effective until the end of this year.
The AIG issued a press statement saying the certificate aims to praise QAIA's commitment to ...
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Word has been spreading across the media about Ikea cutting sick pay for employees who have not been vaccinated against COVID-19 and were forced to quarantine following exposure to the virus, which was initially reported by the Mail on Sunday.
As of this week, the retail giant will implement the ...
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The Japan International Cooperation Agency (JICA) transferred USD100 million as support for the Jordanian government's to respond to the COVID-19 pandemic. This came as part of the Emergency Development Policy Loan agreed upon during the London Conference back in February 2019.
"The loan aims to help implement a set of ...
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On Sunday, the number of cancelled flights exceeded 1,500 so far around the world, due to the current COVID-19 situation across the globe, with experts expecting disruptions to continue throughout Monday. Additionally, thousands of flights were also delayed, which added to the holiday season travel chaos and passenger frustration ...
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On Wednesday, the World Bank announced its approval of USD112 million to finance employment in Jordan through the Jordan Support to Private Sector Employment and Skills Project. The program aims to support the Kingdom's efforts to boost employment in the private sector, improve capacity building programs, and tackle the ...
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On Friday, Greenpeace MENA published a report in which the Capital of Jordan, Amman, ranked fourth in terms of NO2 air pollution in the Middle East and North Africa Region. This comes as a result of the city recording an 81 percent rise in nitrogen dioxide (NO2) air pollution ...
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The Queen Alia International Airport (QAIA) received approximately 4.089 million passengers during the first eleven months of the year, amounting to a 113.4 percent increase in comparison with 2020 and a 50.5 percent decrease compared to 2019.
QAIA received 41,630 aircraft movements (ACM), which is a 87.2 percent increase from ...
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With the two-year mark of the COVID-19 pandemic approaching, JPMorgan Chase predicted that 2022 will mark the end of the coronavirus crisis and full recovery of the economic repercussions of the pandemic.
"Our view is that 2022 will be the year of a full global recovery, an end of the ...
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Merriam-Webster chose "Vaccine" as the 2021 Word of the Year after the website recorded a 601 percent increase in lookups, since the first ever COVID-19 shot was administered in the US.
Merriam-Webster’s editor-at-large, Peter Sokolowski, told The Associated Press “This was a word that was extremely high in our data ...
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On Saturday, Bitcoin prices plunged overnight to approximately USD43,000, after dropping more than 13 percent in the 24 hours before that from USD56,294 to USD48,309.
The loss nearing USD8,000 cames after an all-time high for Bitcoin last month, when the digital currency reached approximately USD69,000.
Bitcoin prices plunged followed a ...
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On Monday, Jordan and Japan signed Memoranda of Understanding (MoUs) under which the Japan International Cooperation Agency (JICA) agreed to provide a USD100 million loan to support the Kingdom's general budget, address economic and development challenges, and enhance social protection.
The MoUs were signed by the Jordanian Minister of Planning ...
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International tourism rebounded over the summer after a slow first half of 2021, leading to an upturn in quarter three of 2021, especially in Europe.
The United Nations World Tourism Organization's (UNWTO) World Tourism Barometer, indicated that international arrivals (overnight visitors) increased by 58 percent between July and September of 2021 in comparison ...
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On Sunday, the Finance Minister, Mohammad Al-Ississ, said the government seeks to boost the economy in 2022 increase of capital expenditure by 43.6 percent compared to 2021's budget.
According to Ississ, the national economy achieved a 2.1 percent reduction in the 2021 budget's initial deficit in comparison with 2020, and ...
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On Monday, His Majesty King Abdullah II held talks with Bahrain Monarch King Hamad bin Isa Al Khalifa, covering the historical brotherly relations between the two countries, and the latest regional developments.
At the talks, held at the Sakhir Palace, King Abdullah stressed the strong bilateral ties and the importance ...
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