Jordan Telecom Group
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Jordan Telecom Group
Jordan Telecom Group is the principal telecommunications services provider in the Kingdom of Jordan. Jordan Telecom is responsible for the administration of the basic telecommunications infrastructure which forms the base of Jordan's telecommunications services industry. Upon privatization on 23 January 2000, Jordan Telecom Group was 60% owned by Jordan's government. The remaining 40% of the group's shares were owned by JITCO Investment Group, a holding company consisting of Orange (88%) and the Arab Bank (12%). The Jordan Telecom Group (JTG) owns the following telecommunications companies: * Jordan Telecom * Orange Jordan * eDimension Jordan Telecom Jordan Telecom is a privatized telephone company, founded in 1971 and now belonging to the Jordan Telecom Group. It holds the telecom license, but the mobile component is managed by Orange Jordan. History The history of telecommunications in Jordan can be traced back to early 1921. After the foundation of the Hashemite K ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Orange S
Orange most often refers to: *Orange (fruit), the fruit of the tree species '' Citrus'' × ''sinensis'' ** Orange blossom, its fragrant flower *Orange (colour), from the color of an orange, occurs between red and yellow in the visible spectrum *Some other citrus or citrus-like fruit, see ''list of plants known as orange'' * ''Orange'' (word), both a noun and an adjective in the English language Orange may also refer to: Arts, entertainment, and media Films * ''Game of Life'' (film), a 2007 film originally known as ''Oranges'' * ''Orange'' (2010 film), a Telugu-language film * ''The Oranges'' (film), a 2011 American romantic comedy starring Hugh Laurie * ''Orange'' (2012 film), a Malayalam-language film * ''Orange'' (2015 film), a Japanese film * ''Orange'' (2018 film), a Kannada-language film Music Groups and labels * Orange (band), an American punk rock band, who formed in 2002 from California * Orange Record Label, a Canadian independent record label, founded 2003 Alb ...
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Telecommunications Companies Established In 1997
Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that feasible with the human voice, but with a similar scale of expediency; thus, slow systems (such as postal mail) are excluded from the field. The transmission media in telecommunication have evolved through numerous stages of technology, from beacons and other visual signals (such as smoke signals, semaphore telegraphs, signal flags, and optical heliographs), to electrical cable and electromagnetic radiation, including light. Such transmission paths are often divided into communication channels, which afford the advantages of multiplexing multiple concurrent communication sessions. ''Telecommunication'' is often used in its plural form. Other examples of pre-modern long-distance communication included audio messages, such as coded drumbea ...
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Companies Based In Amman
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Baqa'a
The Baqa'a refugee camp ( ar, البقعة), first created in 1968, lies 20 km north of the Jordanian capital Amman, and is home to around 100,000 Palestinian refugees who are registered as such with the United Nations.UNWRA''Baqa'a refugee camp'' Archived on 14 September 2013 It is the largest refugee camp in Jordan, followed by the Zaatari refugee camp. History Baqa'a was one of six "emergency" camps set up in Jordan in 1968 to house Palestinians who left the West Bank and Gaza Strip during the 1967 Arab–Israeli war. Between June 1967 and February 1968, residents were housed in temporary camps in the Jordan valley. When Baqa'a was set up it had 5,000 tents for 26,000 refugees on an area of about 1.4 square kilometres. UNRWA replaced the tents with 8,048 prefabricated shelters between 1969 and 1971 with contributions from West Germany. Most of the residents have since then replaced the original tents and prefabs with concrete shelters. Facilities During the 2003–04 s ...
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Privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationaliz ...
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Orange Jordan
Orange Jordan is a Jordanian public mobile telephone network operator, and is the operator of the mobile communications license granted to Jordan Telecom. The company was first registered on 21 September 1999, with an aim to build a mobile communications network to serve Jordan, and has launched full public service across the Kingdom on 15 September 2000. The mobile operator was called MobileCom until it was rebranded in 2007. History Upon privatization on 23 January 2000, Jordan Telecom Group was 60% owned by Jordan's government. The remaining 40% of the group's shares were owned by JITCO Investment Group, a holding company consisting of France Télécom (88%) and the Arab Bank (12%). Mobile On 30 March 2010, Orange Jordan launched its 3G network – The first 3G network in Jordan. The W-CDMA network was rolled out in three phases, according to Orange Jordan's Ex-CEO Nayla Khawam. Under the first phase roll out included west Amman, Irbid and Zarqa, while in April cov ...
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Jordan Telecom
Jordan Telecom Group is the principal telecommunications services provider in the Kingdom of Jordan. Jordan Telecom is responsible for the administration of the basic telecommunications infrastructure which forms the base of Jordan's telecommunications services industry. Upon privatization on 23 January 2000, Jordan Telecom Group was 60% owned by Jordan's government. The remaining 40% of the group's shares were owned by JITCO Investment Group, a holding company consisting of Orange (88%) and the Arab Bank (12%). The Jordan Telecom Group (JTG) owns the following telecommunications companies: * Jordan Telecom * Orange Jordan * eDimension Jordan Telecom Jordan Telecom is a privatized telephone company, founded in 1971 and now belonging to the Jordan Telecom Group. It holds the telecom license, but the mobile component is managed by Orange Jordan. History The history of telecommunications in Jordan can be traced back to early 1921. After the foundation of the Hashemite K ...
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Arab Bank
Arab Bank is one of the largest financial institutions in the Middle East, founded in 1930 in Jerusalem, Mandatory Palestine, as the first private sector financial institution in the Arab world. Headquartered today in Amman, Jordan, it serves clients in more than 600 branches spanning five continents. Arab Bank is a publicly held shareholding company listed on the Amman Stock Exchange. The bank is a major economic engine in Jordan and throughout the Middle East and North Africa region, providing banking services and capital, and facilitating development and trade throughout the region. According to its website, the bank is the highest-ranked by market capitalization, and represents approximately 25% of the Amman Stock Exchange. U.S. appellate courts have ruled in the bank's favor in several lawsuits filed in the 2000s alleging its involvement in facilitating the funding of terrorist organizations. History Establishment (1940–1970s) In the 1940s and 1950s, the bank grew t ...
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Stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company is divided, or these shares considered together" "When a company issues shares or stocks ''especially AmE'', it makes them available for people to buy for the first time." (Especially in American English, the word "stocks" is also used to refer to shares.) A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classe ...
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Amman Stock Exchange
Amman Stock Exchange (ASE) is a stock exchange private institution in Jordan, based in Amman. History The ASE was established in March 1999 as a non-profit, private institution with administrative and financial autonomy. It is authorized to function as an exchange for the trading of securities. The exchange is governed by a seven-member board of directors. A chief executive officer oversees day-to-day responsibilities and reports to the board. The members of ASE are Jordan's 68 brokerage firms. Amman Stock Exchange became state-owned company under the name "The Amman Stock Exchange Company (ASE Company)" on February 20, 2017. The ASE is committed to the principles of fairness, transparency, efficiency, and liquidity. The exchange seeks to provide a strong and secure environment for its listed securities while protecting and guaranteeing the rights of its investors. To provide this transparent and efficient market, the ASE has implemented internationally recognized directives re ...
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