Jordan

There are 2 posts tagged Jordan (this is page 1 of 1).

Majid Jafar Discusses Oil Prices and More

While interviewed during the World Economic Forum in Southern Shuneh, Jordan, at a resort at the Dead Sea, Majid Jafar shares some of his perspective. Majid Jafar, CEO of Crescent Petroleum, discusses how low oil prices have forced Middle Eastern producers to focus on efficiency.

In the post Saddam Hussein era, Jafar answers a number of questions from the reporter. These questions include looking at who is the big winner and loser for oil prices and looking at the outlook for Saudi Arabia.

Hear the entire transcript and get up to date information on oil prices.

Jordan’s Hikma Growing this Year by $600 Million in Acquisitions

Said Darwazah, chief executive of the Jordan-based drug company Hikma Pharmaceuticals announced to the press that his company is planning on acquiring between $500 and $600 million in companies in the coming year in order to consolidate its place as the region’s number one business in this sector.

Hikma is a quickly growing multinational manufacturer of drugs which, although a leading company in the MENA (Middle East and North Africa) region has yet to tap into markets in Morocco and Syria in the Arab world, and Turkey and beyond  in the non-Arab world.  Hikma does have a foothold in the Gulf States in Saudi Arabia, but is looking to enlarge that market as well.

Darwazah explained that Hikma’s sales are ahead of all other regional manufacturers in the MENA, and that their growth in the MENA is by far exceeding the growth of sales in the more mature markets where it also deals.

That's why we are concentrating on growing the business more and more in the region with its young population and changing health patterns. Although Hikma has robust operations in the U.S. and Western Europe, MENA is still the crown jewel of the business," he said.