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Business News in Jordan

Asteco sponsors PropertyLink 2008
Asteco, a leader in property services, announced its gold sponsorship for the third PropertyLink exhibition and conference which will take place at the Zara Expo in Amman from May 12 – 15.
Asteco’s participation and sponsorship of PropertyLink this year reflects its continuous efforts to enhance the communication process with investors and specialists, and aims to highlight the services they provide as one of the leaders in the market.
General Manager of Asteco Jordan, Mr Hussein Safadi, said, “The competitive regional market requires experts that are capable of pursuing the latest methods and criteria that help in real estate development, and our objective is to provide unique services such as market studies and consultancy, in addition to investment services and property sales to bring our clients closer to achieving their business objectives.”

Darkom, Business Soft signs agreement
Aligned with its aims to expand their scope of its operations, Darkom, Jordan’s first housing loan insurance company recently signed an agreement with Business Soft.
Business Soft is a company specialized in applying management program ERP Solutions. It is the first to introduce Dynamics AX, which is developed by Microsoft, to the Jordanian market and to apply it after a comprehensive market study was made on the pros and cons offered by several similar systems.
The first phase of the joint project implemented by Darkom and Business Soft is to use the system on the financial, human resources and customer service systems applied at Darkom.
The next phase of the project is expected to cover the development of all Darkom’s operational departments and more specifically, to create an effective internal communications system that links all company divisions productively.
Edutech builds eLearning
center for HU

Edutech Middle East, a leading provider of technology-enabled learning solutions, has recently announced that it has successfully established the first eLearning Centre in Jordan for the Hashemite University (HU).
The move, which follows last year’s signed agreement between Edutech and the University to become exclusive “Knowledge Partners”, seeks to reach more students by providing quality education through a widespread network that is accessible via the Internet. Through a combination of state-of-the-art technologies and academic expertise, Edutech and HU have simulated a classroom atmosphere though a digitized, Internet-enabled eLearning module equipped with visual and descriptive educational content.
President of HU, Dr Abdelrahim Hunaiti, said, “Utilizing Edutech’s technologies personifies our belief that we have entered an era where traditional education should be combined with technologically advanced means to cross geographical boundaries and benefit a larger student base.”
“By enabling us to create and offer performance driven learning solutions for their students, HU has established their willingness to embrace the future of education systems. The eLearning Center in HU is a fine example of a successful implementation of valuable technologies, which we are expecting other universities and colleges in the region to replicate,” said ASF Karim, CEO, Edutech.
RJ’s passengers up 24 percent

The number of passengers the airline transported last month increased by 24 percent in comparison to March 2007.
RJ aircraft carried 199,000 passengers this March, against 160,000 in March 2007.
President/CEO Samer Majali said that the average seat factor went up from 69 percent to 73 percent, marking a 5 percent rise over March 2007. He also pointed out that the company achieved high growth rates for all operational indicators last month; the number of flights increased by 18 percent, flying hours by 20 percent and aircraft mileage by 21 percent. Additionally, freight went up by 14 percent.
Operationally, RJ aircraft transported around 550,000 passengers in the first three months of this year, marking an increase of 17 percent over the same period of last year. The seat factor rose from 66 percent to 68 percent. Growth also extended to the number of flights, flying hours and aircraft mileage, which rose to 17 percent. Transported cargo increased by 16 percent during that period.
Majali expressed satisfaction with the results achieved by the company, stressing the company’s distinct competitive edge regionally and globally, attributed to the improved services offered passengers, the modern aircraft recently introduced in the fleet and the IT systems that facilitate travel procedures.

Rodina Restaurant opens in Abdoun
Rodina Pizza & Pasta Restaurant opened its doors in Abdoun to cater to lovers of genuine Italian food. The opening was attended by a huge crowd who tasted the different dishes and expressed admiration for both the products and the service. Mr Mazen Bata, owner & manager of Rodina Restaurant, expressed his profound happiness for the presence of such a crowd to share him the joy of the event and promised that Rodina Restaurant will keep the promise by always serving the best of the Italian food and to maintain the quality of ingredients and taste at all times.

First W in Mideast to open in Doha
As the summer 2008 launch date of the W Doha Hotel & Residences draws closer, a clear picture is finally emerging about the enigma that is W. The Starwood Group’s first W Hotel in the Middle East is owned by J&A Jaidah, principals of J&A Jaidah Holdings, one of the most well known and well respected private companies in the Middle East.
Founded on the belief that “there are customers who seek a balance between style and substance”, W, the fastest growing luxury brand in the world, is known for its characteristic high-energy interiors, lifestyle driven design and all-pervading technology. Like the other W hotels around the world, the W Doha will cater specifically to the tastes of the young & young at heart, but with a uniquely Qatari twist. “Starwood is out not only to bring the W to Qatar, but also to bring Qatar to the W,” stated Safak Guvenc, GM of W Doha Hotel & Residences. “The local culture and flavor will be clearly evident in every aspect of the design, services and ambiance.”

TIMKEN bearings on a freewheeler
TIMKEN group ended its conference at the Dead Sea, which was attended by some 250 participants representing agents and associates in 30 firms throughout the Arab world and other regions specializing in the industrial and investment fields.
The Group’s CEO Tim Timken said, “The Group has upgraded its bearings’ production to cover needs of all industrial fields,” reiterating Jordan was chosen to hold this conference due to its rapid growth in industry and investment recruitment. Actually, local demand on Timken production lines has increased 400 percent during the last five years.
Timken’s sales director, An Denitt, said, “The Company was founded in 1899, began steel production in 1917, expanded internationally with 25,000 associates in 26 countries and a global network of 26 technology centers around the world.”
He added that 2007 sales grew by 5 percent to exceed $5.2 billion.
Osama Jaber, GM of Jordan Suppliers Company—Sole Agent of Timken said, “This conference is a fruitful chance to shed light on local and regional needs for Timken production lines especially for the markets in KSA, Egypt and Arab Gulf states. Also, steel bearings are widely utilized by several industries in Jordan.

Amman,05 04 2008
Redaction
The Star
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