Category: Business

The Amman Stock Exchange (ASE) closed Sunday’s trading session by 0.28 per cent higher at 2,476 points. Four-point-three million shares were traded through 3,042 transactions at a trading value of JD5.6 million. The closing prices …

The Kuwaiti oil price dropped by USD 1.39 to USD 77.68 pb on Friday against USD 79.07 pb on the previous day, Kuwait Petroleum Corporation (KPC) announced on Saturday.

Comparatively, at international markets, forward Brent …

Qatar Finance and Business Academy (QFBA) has celebrated the graduation of the eighth batch of its national program (Kawader Malia), in the presence of HE Governor of Qatar Central Bank Sheikh Bandar bin Mohammed bin …

Gas prices in European markets fell in Thursday’s trading to below $300 per thousand cubic meters for the first time in nearly two years. The Novosti Agency reported that blue fuel futures for next June …

The United States on Wednesday announced the approval of a $285 million sale of a NASAMS air defense system and related equipment to Ukraine. “Ukraine has an urgent need to increase its capabilities to defend …

During seven main sessions and over 50 dialogue and sub-discussion sessions, the forum, which has become the most prominent regional platform for enriching dialogue on strategic issues and priorities of the global economy, discussed strengthening …

The Investment Promotion Agency Qatar (IPA Qatar) announced today the signing of new Memorandums of Understanding (MoUs) with two international companies, Siemens and Emerson, on the sidelines of the Qatar Economic Forum, Powered by Bloomberg.…

HE Minister of Finance of the Kingdom of Saudi Arabia Mohammed bin Abdullah Al Jadaan praised Qatar’s development, expressing pride in the qualitative economic, developmental and social advancements the Qatari people have achieved, while expressing …

The Ministry of Energy and Mineral Resources (MEMR) on Tuesday announced a tender for the provision of Iraqi crude oil transportation services, according to Assistant Secretary-General for Energy Affairs, Hassan Heyari. Commencing today, the tender …

Minister of Industry, Trade and Supply Yousef Shamali on Tuesday discussed with Syrian Minister of Social Affairs Loui Munjid ways to cement ties between the two countries in various domains, especially in social work. The …

CEO of TikTok Shou Zi Chew affirmed his platform’s full commitment to investing in data preservation especially since the future of social networking sites will be a combination of laws and transparency, with the help …

HE Qatar Investment Authority (QIA) CEO Mansoor Bin Ebrahim Al Mahmoud stressed that the signing of the Qatar-UK Strategic Investment Partnership enabled QIA to pump many investments into the United Kingdom in line with the …

Representative of the textile and leather industries at Jordan Chamber of Industry (JCI), Ehab Qadri, said implementation of the sector’s initiatives and priorities within Jordan’s Economic Modernization Vision (EMV) would move these industries to “advanced” …

The information and communication technology (ICT) sector in Jordan is a key factor in achieving social and economic development and attracting more investments to the Kingdom, said the newly appointed CEO of Orange Jordan Philippe …

European stocks closed higher Thursday, as investors grow optimistic over a resolution to the US debt ceiling gridlock.

Stoxx 600 was up 0.4%, driven by autos and technology. Germany’s Dax index was up 1.3 percent, …

The UK economy expanded 0.1 percent in the first quarter this year, official data showed today.

A statement from Office for National Statistics showed that GDP fell by 0.3 percent in March 2023, following an …

The pound sterling saw a drop against the US dollar on Friday after the Bank of England raised its interest rate Thursday by 25 basis points to 4.5 per cent. According to British economic reports, …

The pound sterling saw a drop against the US dollar on Friday after the Bank of England raised its interest rate Thursday by 25 basis points to 4.5 per cent. According to British economic reports, …

With its abundant solar energy resources, IPA Qatar said that Qatar is well positioned to take advantage of hydrogen production, which is essential to decarbonizing hard-to-abate sectors. Moreover, Qatar’s low-cost electricity, rich natural gas resources …

The Central Bank of Oman (CBO) raised OMR14 million by way of allotting treasury bills on Tuesday, the bank said in a statement.

The statement said the value of the allotted treasury bills amounted to …

European shares fell on Tuesday after a slew of weak corporate earnings soured sentiment.

The pan-European STOXX 600 index (.STOXX) closed 0.3% lower. Meanwhile, helping cut losses in the STOXX 600 was an 8.7% jump …

Prices of 21-karat gold, the highest demand at local market, stood at JD41 per gramme, as purchasing price, against JD39.30 as selling price, an official said Saturday. Jordan Jewelers Association’s Secretary General, Ribhy Allan, told …

A group of the most prominent tourism and economic leaders from all over the Middle East region, with a remarkable Iraqi presence, through its distinguished pavilion this year during the opening session of the Arab …

The Kingdom’s trade balance deficit with Greater Arab Free Trade Area (GAFTA) countries plunged by 18.5 percent in the first two months of 2023, reaching JD396 million, against JD486 million in the same period of …

The total area of buildings licensed in January and February of 2023 jumped by 47.2 percent to 1.496 million square meters (sqm) against 1.016 in the same period of 2022, according to official figures. The …