ASE closes trading on lower note
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 …
Kuwait Crude Oil Price Down USD 1.39 pb
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 …
QBFA Celebrates Graduation of 8th Batch from “Kawader Malia” Program
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 Europe decline for the first time in two years
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 …
US approves sale of $285 million air defense system to Ukraine
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 …
Qatar Economic Forum/ 3 Days of In-Depth Discussion Over Global Economy’s Future Come to an End – 2
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 …
Qatar Economic Forum/ IPA Qatar Signs MoUs with Siemens and Emerson
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.…
Qatar Economic Forum Discusses Maximizing GCC Countries’ Global Competitiveness -1-
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 …
Invitation to Bid Issued for Land-Based Transport of Iraqi Crude Oil to Jordan
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 …
Industry minister, Syrian social affairs minister discuss cooperation
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 …
Qatar Economic Forum/ TikTok CEO Affirms Commitment to Investing in Data Preservation
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 …
QIA CEO Says QIA Committed to Investing GBP 10 Billion in UK Economy
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 …
Jordan’s economic modernization drive would boost textile exports -JCI
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” …
ICT sector contributes to social, economic development, says Orange CEO
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 Close Higher on US Debt Ceiling Hopes
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, …
UK Economy Expands 0.1% in Q1 2023
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 …
Sterling drops against dollar
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, …
Sterling drops against dollar
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, …
Invest Qatar: Qatar Pivots Towards Cleantech Industry -1-
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 …
Central Bank of Oman Issues Treasury Bills Worth OMR14 Million
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 Fall on Downbeat Earnings
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 …
Price of 21-karat gold hits JD41 per gramme in local market
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 …
With A Distinguished Iraqi Presence, The Sessions Of Arabian Travel Market In Dubai Kicks Off
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 …
Jordan’s trade balance deficit with GAFTA stands at JD396 mln
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 …
Area of licensed buildings up 47% in 2 months
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 …
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