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Category: Business

Price of 21-karat gold hits JD37.2 per gramme in local market

Prices of 21-karat gold, the highest demand at local market, on Wednesday stood at JD37.20 per gramme, as purchasing price, against JD35.50 as selling price.

According to the Jordan Jewelers Association’s daily bulletin, the price of 24-karat and…

Qatar’s Producer Price Index Increases 4.50% in August

The Producer Price Index (PPI) of the industrial sector of the State of Qatar for August 2023 is estimated at 113.51 points showing an increase of 4.50 percent, when compared to July 2023. On Y-o-Y basis, PPI of August 2023 showed a decrease of 32…

QSE Index Drops 45.78 Points at Start of Trading

The general index of Qatar Stock Exchange (QSE) dropped 45.78 points, or 0.45%, at the beginning of Wednesdays trading to reach the level of 10,227 points, compared to yesterday’s closing.

The performance of QSE general index was weighed down by …

Arab investments energize Jordan’s hotel sector

Jordan’s hotel industry is experiencing a substantial influx of Arab investments, marking a significant development in the sector.

According to a recent statement by Deputy Chairman of Jordan Hotels Association Hussein Hilalat, the total value of…

Jordan post participates in EuroMed stamps competition

The Jordan Post Company (JPC) has entered the competition for the “most beautiful stamp” of 2023 with its exquisite Jerash Festival stamp.

In a statement on Wednesday, the company announced its participation in the contest organized by the EuroMe…

Samsung Reveals Portable SSD T9 with Double Transfer Speed

Samsung officially announced the SSD T9, a portable storage device that follows the famous previous release T7.

The SSD T9 provides double the data transfer speed, a new design, and a wider storage capacity.

The T9 features a read and write spee…

Dollar Hits New High on Upbeat Economic Data

The dollar held on to fresh highs on Tuesday, pushing the yen down closer to an intervention zone, after strong US economic data bolstered the view that the Federal Reserve will keep interest rates higher for longer.

The dollar index rose around …

Jordan Post to partake in Amman numismatic, philatelic fair

The Jordan Post Company (JPC) is set to partake in the 5th Amman International Numismatic and Philatelic Fair, which will open on October 12, at the Greater Amman Municipality gallery.The 3-day fair, organized by the Jordan Philatelic and Numismat…

Jordanian expats in Qatar send home $97.5M in 9 months

Remittances from Jordanian workers in Qatar have grown by 9.8 percent on an annual basis during the first nine months of this year, compared to the same period in 2022.According to reports from workers at money transfer and currency exchange outle…

Gold Price Fall for 7th Consecutive Session

Gold prices on Tuesday fell for a seventh consecutive session to its lowest since March.

Spot Gold was down 0.6% to $1,817 per ounce by 0306 GMT, falling for a seventh consecutive session to its lowest since March 9.

US gold futures fell 0.7% to…

Deal signed to promote Jordanian products in Iraq

The Jordan Chamber of Industry (JCI) and the Iraqi Federation of Industries (IFI) Tuesday signed a memorandum of understanding to establish an economic center to display Jordanian products in Iraq.The deal was inked in Baghdad by JCI President Fat…

8.7% Increase in Surplus of Monthly Trade Balance in August 2023

In August 2023, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 21.4 billion almost, i.e., a decrease of about QR 14.9 billion or 41.1% compared to August 2022, and i…

Kuwait Stock Exchange Closes Higher

Kuwait, Kuwait Stock Exchange concluded its trading today higher by 67.17 points to reach 6,636.15 points, an increase of 1.02 percent.

138.7 million shares were traded through 9,846 cash transactions, worth KD 37 million (about USD 112.8 million…

QSE Hosts Bell-Ringing Ceremony for Financial Literacy

Qatar Stock Exchange (QSE) organized on Tuesday the bell ringing ceremony with the aim of spreading the financial literacy.

The event comes in response to the invitation of the World Federation of Exchanges (WFE) to participate in the World Inves…

Oil Prices Fall in Early Trade on Strong Dollar

Oil prices dipped in early Asian trade on Tuesday after falling to a three-week low in the previous session on a strengthening US dollar and traders taking some money off the table from the last quarters chunky gains.

Brent futures for December d…

Arabs invest JD1.1B in industrial cities

A total of 156 Arab companies have invested a total of JD1.162 billion in industrial cities affiliated with the Jordan Industrial Estates Company (JIEC) in Jordan, creating 5,726 job opportunities.The JIEC’s statistical data indicates that Arab in…

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