The total area of licensed buildings in Jordan increased by 9.5 percent during January-August 2023 to 6.162 million square meters, compared to 5.627 million in the same period in 2022.According to the monthly report issued by the Department of Sta…

Riyadh, The Consumer Price Index (CPI) in Saudi Arabia increased by 1.7% in September 2023, compared to September 2022, down from 2.0% in August 2023, according to a report issued by the Saudi General Authority for Statistics (GASTAT).

Saudi Pres…

Doha, Qatar International Islamic Bank (QIIB) signed a memorandum of understanding (MoU) with FynPay, a Qatari FinTech company, aiming to explore a partnership that expands the Banks digital channels in an effort to support its digital transformat…

Doha, Qatar Central Bank (QCB) issued Sunday the electronic Know Your Customer (eKYC) procedures, in a bid to regulate and improve the customer identity verification digitally. This move comes in line with the financial sector and financial techno…

Doha, Qatar Gas Transport Company Ltd. (Nakilat) reported a QR 1,190.2 million net profit for the third quarter of 2023, an increase of 4.8 percent compared to the same period in 2022.

In a statement on the QSE website, Nakilat disclosed the inte…

Jordan Businessmen Association (JBA) affirmed its solidarity and support with Palestine, amid the Israeli ongoing violations and brutal aggression against the Palestinian people in the West Bank, Gaza Strip, and city of Jerusalem, and desecration …

About 5,382 million cubic feet of gas was sold from Risheh gas field for electricity generation last year, with a daily average of 14.7 million cubic feet contributing 1.8 percent of power generation in the Kingdom, according to the Ministry of En…

Marrakech, HE Governor of Qatar Central Bank (QCB) Sheikh Bandar bin Mohammed bin Saoud Al-Thani met with CEO of Clearstream Philip Brown, Regional President for Central and Eastern Europe, Middle East and Africa at Visa Andrew Torre, and Presiden…

Doha, Qatar National Bank (QNB) attributed the continued stagnation of the global industrial sector to three main factors, which are: demand imbalances resulting from unusual patterns in consumer behavior, the negative shock to supply chains resul…

Marrakesh, HE Minister of Finance Ali bin Ahmed Al Kuwari met with HE Minister of Economy and Finance of the Kingdom of Morocco Nadia Fettah Alaoui, during his participation in the Annual Meetings of the World Bank Group (WBG) and the Internationa…

Doha, Qatar Chamber (QC) has concluded its 30th program for training customs trustees and brokers. A total of 39 trainees took part in the event.

The workshop was organized in cooperation with the General Customs Authority. The program aims to qu…

The general index of Qatar Stock Exchange rose 29.36 points, or 0.29%, to reach the level of 10,052 points at the beginning of trading on Thursday, compared to yesterday’s closing.

The positive performance of QSE general index was supported by a r…

Qatar Central Bank (QCB) issued today treasury bills worth QR 500 million for a one-week term, due on October 19, at an interest rate of 5.7550 percent.

Treasury bills are a short-term debt instrument issued by the government for the purpose of bo…

The Qatar Stock Exchange (QSE) index concluded this week’s trading up by 0.57 percent, gaining 57.690 points to stand at 10,120 points.

Financial advisor Ramzi Qasimia said that the QSE witnessed noticeable fluctuations during the current week, af…

Head of Aqaba Special Economic Zone Authority (ASEZA), Nayef Fayez, on Thursday discussed with Czech Ambassador to Jordan, Alexander Sporys, ways to enhance bilateral cooperation in various fields of common interest.

During the meeting, Fayez pres…

Syndicate of Owners of Clearance and Cargo Transport Companies and Joint Syrian-Jordanian Free Zone agreed to form a partnership council, comprised of of the zone’s various concerned bodies and departments.

The syndicate’s head, Dhaifallah Abu Aqo…

The dollar was little changed but hovering near a two-week low on Thursday as investors awaited key US inflation data.

The dollar index, which measures the US currency against six rivals, was at 105.64, not far from 105.55, its lowest since Sept. …

Jordan’s tourism income recorded a growth of 15.1% during last September 2023, reaching about $670 million, compared to the same month in 2022, according to initial data issued by the Central Bank of Jordan (CBJ).

The data showed that the Kingdom’…

Arab Bank announced the successful issuance of USD 250 million in Additional Tier 1 (AT1) Capital Securities. The milestone marks the first sustainable perpetual AT1 issue in Jordan.

The bond, which was issued through a private placement, is liste…

The European Investment Bank (EIB) pledged 1 billion euros over the next three years to support Morocco’s reconstruction efforts after a September earthquake.

The loan was announced by EIB Vice President Ricardo Mourinho Felix after a meeting with…

The official visit of HH the Amir Sheikh Tamim bin Hamad Al-Thani to the Federal Republic of Germany enjoys a special importance as it reflects the strong relations between the two friendly countries.

The visit comes amidst major events in the reg…

Oil prices extended losses for a third session, dragged down by a larger-than-expected crude and gasoline stockbuild in the US and easing supply concerns.

Markets will be awaiting further inventory data cues from the US Energy Information Administ…

The volume of real estate trading in sales contracts at the Department of Real Estate Registration at the Ministry of Justice during the period from October 1 to 5, 2023 reached QR 249,404,838.

Total sales contracts for residential units in the Re…

The consumer price index (inflation) rose by 2.31% from January to September 2023, reaching 108.78 points, up from 106.33 points during the same period last year.The Department of Statistics (DoS) issued its monthly report on Wednesday, stating th…

Recent data underscores a notable trend in Jordan’s industrial landscape: women now comprise 35% of the sector’s workforce.This translates to over 91,000 female professionals out of a total of roughly 267,000, distributed across the Kingdom’s myri…