Category: Business

Decline in Jordan’s National Exports Noted in Recent Statistics

Amman – Jordan’s national exports have experienced a downturn in value, as revealed by recent statistics. The data shows a decline in the export value of various commodities until the end of September 2023.According to Jordan News Agency, the value of …

Amman Stock Exchange Ends Trading Session on a Slight Decline

AMMAN – The Amman Stock Exchange (ASE) concluded its trading session on Sunday with a marginal decrease, closing at 2,640 points, a 0.02 percent drop from the previous session.According to Jordan News Agency, a total of 2.8 million shares were traded, …

Gold Prices Fluctuate in Jordan’s Local Market

Amman – The Jordan Jewelers Association reported notable fluctuations in gold prices in the local market. As of Saturday, the price of 21-karat gold, which is highly sought after in the local market, was recorded at JD40.20 per gramme as a purchasing p…

Jordanian Minister Highlights Importance of Kuwaiti Investments

Amman – Jordan’s Minister of Investment, Kholoud Saqqaf, emphasized the significance of Kuwaiti investments in Jordan during a meeting with the Kuwaiti Ambassador to Jordan, Hamad Al-Marri, on Monday. The meeting focused on strengthening bilateral rela…

Jordan Launches Digital Campaign to Promote Local Products

Amman – JorMall Digital and SMS Marketing Company announced the launch of the “Support Our National Institutions” campaign on Monday. This initiative aims to bolster national projects and institutions, promoting growth, prosperity, and job opportunitie…

Inflation Rises to 2.21% in First Ten Months of 2023

Amman, Jordan – The general consumer price index, or inflation, saw an increase of 2.21 percent in the first ten months of 2023, reaching 108.88 points, compared to 106.53 points during the same period in 2022.According to Jordan News Agency, which rel…

PDTRA Consults with Investors to Boost Petra’s Tourism Sector

Petra, Jordan – The Petra Development Tourism Region Authority (PDTRA) held a consultative meeting with tourism sector investors in the city of Petra, led by Chairman Fares Braizat.According to Jordan News Agency, the purpose of the meeting was to unde…

Jordan and UAE Sign Strategic Investment and Development MoUs

AMMAN — Following the visit of His Majesty King Abdullah II to the United Arab Emirates, Ministers Kholoud Al-Saqqaf and Zeina Toukan highlighted the significance of two memoranda of understanding signed between Jordan and the UAE in the realms of inve…

Gold Steadies Ahead of Central Bank Meetings This Week

Singapore, Gold steadied on Tuesday ahead of central bank meetings this week that could offer insights on global economy and policy outlook, but the safe-haven metal was set to end its best performing month in almost a year.Spot gold was down 0.1% to $…

Spot Value in Qatar

Doha, Rates against US Dollar as issued on Tuesday by Qatar National Bank (QNB) are as following: Currency Buying Selling —————————————– QAR 3.64000 3.64150 SAR 3.75160 3.75180 AED 3.67290 3.67310 BHD 0.37713 0.37732 KWD 0.30…

US Stocks End Sharply Higher

New York, Wall Street rallied on Monday, kicking off what promises to be a hectic week that includes a heavy earnings docket, economic data and the Federal Reserve’s two-day monetary policy meeting.All three major US stock indexes closed up more than 1…

China’s Central Bank Adds Liquidity via Reverse Repos

Beijing, China’s central bank conducted 612 billion yuan (about 85.26 billion US dollars) of seven-day reverse repos at an interest rate of 1.8 percent Tuesday.The move aims to keep liquidity in the banking system stable at the end of the month, the Pe…

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