INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Jordan king meets Biden, thanks US for ongoing support

Jordan king Abdullah met US President Joe Biden at the White House on Friday.
  • King Abdullah expressed appreciation for the US’ ongoing support for Jordan across all sectors, to enable the kingdom to pursue economic development and regional stability
  • President Biden expressed full support for Jordan and commended the Kingdom as a critical ally and a force for stability in the Middle East

Jordan king Abdullah met US President Joe Biden at the White House on Friday and reaffirmed the deep-rooted ties of friendship and the strategic partnership between the two countries.

At the meeting, attended by Crown Prince Al Hussein bin Abdullah II, King Abdullah expressed appreciation for the United States’ ongoing support for Jordan across all sectors, to enable the kingdom to pursue economic development and regional stability.

President Biden expressed full support for Jordan and commended the Kingdom as a critical ally and a force for stability in the Middle East.

The meeting covered the latest regional and international developments, foremost of which is the Palestinian cause, with the King calling for stepping up international efforts to relaunch Palestinian-Israeli negotiations, leading to the establishment of an independent Palestinian state on the 4 June 1967 lines with East Jerusalem as its capital.

Jordan king stressed the United States’ key role in this regard, warning against the cycle of violence in the Palestinian Territories due to unilateral Israeli measures.

President Biden expressed support for the two-state solution, noting the need for urgent mechanisms to stem violence and reduce tensions.

The president stressed the need to preserve the historic status quo at Al Haram Al Sharif,  underlining the crucial role of the Hashemite Custodianship in Jerusalem.

The two leaders discussed deepening Jordanian-US ties and bolstering economic and development cooperation, especially through regional integration in infrastructure, energy, water, and climate projects, so that Jordan functions as a hub for investment.

The crisis in Ukraine and its impact on international peace and security, as well as the global economy were also discussed.

The two sides stressed the importance of maintaining coordination and consultation to continue bolstering the historical partnership between the two countries.