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Capital Bank H1 profit reaches JD60.2 million

Jul 30,2022 - Last updated at Jul 30,2022

Capital Bank Group announced its half-year net profit for 2022, the highest since its establishment, with its profit surging by 40 per cent compared with the same period of 2021.

According to its initial financial results, the group’s net profit totalled JD60.2 million by the end of June 2022, compared with JD43 million for the same period of last year. Assets rose, registering 50 per cent or JD2.2 billion, buoyed by the acquisition of Société Générale Bank-Jordan, reaching JD6.5 billion compared with JD4.3 billion at the end of 2021.

Net credit facilities rose to JD3.2 billion by the end of June 2022, compared with JD2.1 billion at the end of 2021, a growth of 49 per cent.Client deposits showed an increase by the end of June 2022, reaching 57.6 per cent or JD4.4 billion, compared with JD2.8 billion at the end of 2021.

Capital Bank Group Chairman Bassem Khalil Al Salem expressed his satisfaction with the financial results and achievements of the group in the first half of 2022, voicing his appreciation for the efforts of the group’s entire team. 

Umniah Inaugurates new showroom in Abu Alanda

Jul 26,2022 - Last updated at Jul 26,2022

Umniah inaugurated a new showroom in Al Quwaysimah district, in Abu Alanda, to meet the increasing demand for its communications and internet and solutions. Umniah Chief Commercial Officer Zaid Al Ibrahim said that he is thrilled about the company’s expansion into the area.

The new showroom reflects the growing demand for Umniah’s unique services and solutions for its retail and corporate clients.

Al Ibrahim said Umniah’s newest showroom has been staffed with a highly qualified and skilled customer service team who can help subscribers choose from an entire suite of communications, high-speed fibre and internet services and offers.

Umniah will soon launch its exclusive self-service electronic kiosk at the Abu Alanda showroom, which will serve customers around the clock. The kiosk reflects the company’s commitment to offering its customers the latest and most cutting-edge technologies and solutions, making it the first choice for communications and digital services.

Airport International Group Foundation celebrates graduates at ‘Hirfati’ Training Centre

Jul 24,2022 - Last updated at Jul 24,2022

Since its official launch in October 2021, Airport International Group Foundation (AIGF), the executive arm of Airport International Group’s corporate social responsibility activities, has continued its efforts in support of Al Jizah, the local community in which Queen Alia International Airport is located.

AIGF held a graduation ceremony recently at the AIGF Training Centre "Hirfati" in Al Jizah to celebrate its beneficiaries. The event was attended by AIGF Vice Chairman Nicolas Claude, AIGF Director Zahia Na’san, AIGF Board Member and Secretary Hazem Khirfan and General Manager of Al Maydan for Community Services Iman Bkyrat, as well as public figures from Al Jizah community and Naua for Sustainable Development.

AIGF celebrated the graduation of 13 young women from the Hirfati tailoring course, eight young women and men from the photography course, as well as 14 young women from the hairdressing course. This latest group raises the total number of Hirfati graduates who are eligible and ready to enter the workforce to 71. 

Umniah launches sustainability programme

Jul 24,2022 - Last updated at Jul 24,2022

Umniah has recently launched its sustainability programme, outlining environmental, social and corporate governance practices as well as its commitment to promoting a positive future. Umniah highlighted its pledge to address environmental challenges, raise awareness about this critical issue and encourage and reward its subscribers to become active change agents towards a better, more sustainable future.

On the occasion, Umniah CEO Ziad Shatara said, “Stable climates are essential in enabling us to thrive and live in harmony with our natural environment, however, with climate change threatening the health and safety of our communities, our economy and our natural heritage, we are compelled to utilise our expertise and leadership, and to play a pivotal role in making positive changes in the lives of individuals and society.” Shatara explained that Umniah is dedicated to achieving environmental sustainability in line with the goals of Jordan’s 2025 vision.

According to Shatara, Umniah continues to align its sustainability strategies, plans and programmes with the government’s vision, goals and objectives of economic modernisation.

Hikma and Celltrion sign licensing agreement for YuflymaTM

Jul 19,2022 - Last updated at Jul 19,2022

LONDON — Hikma Pharmaceuticals PLC (Hikma), the multinational pharmaceutical company, announces an exclusive licensing agreement with Celltrion, Inc. and Celltrion Healthcare, Inc. (Celltrion) for YuflymaTM (CT-P17), the first adalimumab biosimilar with a high concentration, low-volume and citrate-free formulation.

The agreement provides Hikma with exclusive rights to commercialise YuflymaTM in all of its MENA markets, strengthening its strategic partnership with Celltrion.

To date, Hikma has launched three of Celltrion’s biosimilar products, and is in the process of launching a fourth product. “Building a portfolio of high-value, differentiated products continues to be a key focus area for Hikma,” said Mazen Darwazah, Hikma’s executive vice chairman and president of MENA.

“We are excited to add YuflymaTM to our portfolio, strengthening our offering of biosimilar and innovative biologic products. Celltrion’s strong technical capabilities and our well-established commercial presence continues to help us increase patients’ access to important medicines that help them in their treatment journey for these difficult diseases.”

Umniah exclusive telecom service provider for Aqaba’s Fountain Mall

Jul 17,2022 - Last updated at Jul 17,2022

Umniah has signed an agreement with First Shop Company, the owner of Aqaba’s "Fountain Mall". Under the agreement, Umniah will become the exclusive provider of integrated telecommunications and Internet services for the project, with services including Internet, mobile phones and high-speed fibre for management, retail customers, store owners and visitors.

During the signing ceremony, the chairman of the Jordanian Duty-Free Shops Company and First Shop Company, Ezzedine Kanakria said Umniah’s state-of-the-art Internet and communications services and solutions will enrich the offerings of Fountain Mall, a national project that is furthering the development and economic growth of Aqaba by providing new job opportunities in addition to the best goods, services and products.

Umniah CEO, Ziad Shatara said the agreement reflects Umniah’s leading position in the Jordanian telecommunications sector and the strength of its services and products, as well as its innovative and high value-added business and communications solutions. Shatara said the mall is slated to become a landmark in the city of Aqaba, offering commercial, touristic and entertainment options through a complex that complies with the highest engineering, construction and aesthetic standards.

The mall also fulfils all the specifications for green buildings and is strategically located close to the city’s major hotels and resorts. Umniah offers its individual, corporate and commercial clients the best Internet, communications and mobile phone services.

Jordan Ahli Bank honoured by health minister

Jul 04,2022 - Last updated at Jul 04,2022

In coincidence with World Blood Donor Day, and under the slogan "Donating blood is an act of solidarity... Join the effort and save lives," Minister of Health Feras Hawari honoured the Ahli Bank for its contributions to blood donation campaigns.

This came during a celebration held by National Blood Bank Directorate. Jordan Ahli Bank organises such campaigns periodically and continuously within the framework of its social responsibility, in collaboration with the National Blood Bank and under its supervision.

The campaigns held by the bank are also witnessing a wide turnout by the bank's employees, in addition to its customers, to contribute to saving the lives of those in dire need. These campaigns highlight solidarity among the members of our one society and the values of giving they reflect.

Al Muti assumes CEO role of Mahmoudia Motors in Jordan

Jul 04,2022 - Last updated at Jul 04,2022

Mahmoudia Motors, Jaguar and Land Rover’s official and exclusive retailer in Jordan, appointed Raed Al Muti as CEO. Al Muti brings with him more than twenty years of experience in the automotive industry across the MENA region. He will oversee all operational and managerial facets of both brands alongside Mahmoudia Motors’ leadership team.

Al Muti is known for his passion and extensive experience in the automotive scene. Following his graduation from the University of Southern California with a major in Mechanical Engineering, he worked for prominent automotive brands, resulting in a proven track record of achievements that contributed nearly up to tenfold to the profit of prominent car brands in the Middle East.

Prior to this new post, he held several senior management roles with the biggest names in the region.

Joramco highlights new vision

Jun 29,2022 - Last updated at Jun 29,2022

Joramco, the Amman-based maintenance, repair, and overhaul (MRO) provider and the engineering arm of Dubai Aerospace Enterprise (DAE), has taken a group of leading Jordanian media representatives on a tour of its facilities at the Queen Alia International Airport free zone.

The visitors were invited to learn about the company’s new vision, mission, and sustainable behaviours, developed in line with Joramco’s growth plans for the years ahead. Joramco’s new vision aims to strengthen its position as a leading independent MRO which delivers responsive and world-class services. The company’s mission is to provide excellence to all its stakeholders. The MRO employs more than 1,000 people, and has plans in the pipeline to expand its facilities in order to meet growing demand.

Through internationally accredited training programmes implemented by Joramco’s in-house academy, it is investing in the capabilities of future engineers. Joramco CEO Fraser Currie said, “…both in the region and internationally, we strive to offer the most advanced and efficient solutions possible. As part of our strategic growth plans and to ensure we are always at the top of our game, we are continuously expanding the technical abilities of our specialised workshops.

In all of this, we rely on our skilled workforce to deliver work of an exceptional standard and exceed the expectations of our customers by challenging themselves to develop and exhibit sustainable behaviours such as personal integrity, attention to detail, and lifelong learning.”

EU, Orange Jordan inaugurate Irbid Digital Village

Jun 27,2022 - Last updated at Jun 27,2022

The European Union (EU) and Orange Jordan inaugurated the Orange Digital Village in Irbid, as part of “Innovation Space”, a three-year project co-funded by the EU’s “Innovation for Enterprise Growth and Jobs” programme. The event was attended by head of economic, infrastructure and trade facilitation at the EU delegation to Jordan, Sirpa Tulla, mayor of Greater Irbid Municipality, Nabil AlKofahi, deputising for governor of Irbid, assistant to the governor, Rami Al Bader, president of Yarmouk University, Professor Islam Massad, and dean of Hijjawi College for Engineering Technology at Yarmouk University, Professor Muwaffaq Otoom, head of Agence Francaise de Development in Jordan, Laurent Duriez, as well as the CEO of Orange Jordan, Thierry Marigny, in addition to several executive directors and managers, and media representatives.

The Orange Digital Village in Irbid marks the continued growth of the “Innovation Space” project, following the opening of the Orange Digital Village in Aqaba. Both are an extension of the main Orange Digital Village in the capital, and each village offers an integrated space for several free Orange Digital programmes.

Orange Digital Village in Irbid comprises a coding academy that provides training in programming languages and personal skills required in the labour market, in addition to internships in the IT-sector, which embodies the project’s goal of "training for employment".

The village also includes a Fabrication Lab (FabLab) that offers training on the latest machines, tools and programmes in the field of digital fabrication, as well as BIG by Orange, a Business Startup Growth Platform that supports entrepreneurs with their start-ups.

During the event, the CEO of Orange Jordan, Thierry Marigny, stressed the company’s keenness to extend the reach of free digital programmes across the Kingdom, as they will enhance youth’s employability, equip them with the needed skills and support start-ups in governorates with large and young populations like Irbid, valuing that the partnership between EU and Orange Jordan to continue implementing the “Innovation Space” project and expand the circle of beneficiaries of digital education and contribute to empowering them.

The EU-funded “Innovation Space” project supports the expansion of Orange’s digital programmes to include nine Community Digital Centres, in addition to five new coding academies, five FabLabs, eight start-up accelerators and incubators, in addition to an “Innovation Hub” at the Orange Digital Village in Amman.

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