INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Jordan defers Covid-19-hit restaurants’ repayments till mid-2022

Saudi Arabia was the top importer of Jordanian exports to the GAFTA countries during the first five months of 2023.
  • Issam Fakhreddin, the head of Jordan Restaurants Association called on tourist restaurants to submit a written request and a document of inability to repay.
  • He also commended the government’s financial assistance packages, which had mitigated the Covid-19 pandemic-conduced repercussions on Jordan's restaurant sector

The Jordan Restaurants Association (JRA) said the Central Bank of Jordan (CBJ) did not reject to deferring the due and unpaid installments of the pandemic-hit tourist restaurants to mid-2022, given the Covid-19-related “exceptional” circumstances.

The JRA’s head, Issam Fakhreddin, called on tourist restaurants wishing to postpone their loan installments to submit a written request and a document of inability to repay, as the CBJ will examine the moratorium applications and take the necessary measures accordingly.

In a statement to “Petra” on Sunday, Fakhreddin lauded the CBJ’s “continuous” cooperation and its “remarkable” efforts to help the tourism sector since the beginning of the pandemic until now.

He also commended the government’s financial assistance packages, which had mitigated the Covid-19 pandemic-conduced repercussions on Jordan’s restaurant sector.