INSEAD Day 4 - 728x90

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Jordan’s energy ministry signs two MoUs for copper, gold exploration

The Energy Ministry signed an MoU with a Turkish company also. (Petra)
  • The Jordan Integrated Mining and Exploration Company will conduct a 16-month copper exploration of a 78-square-kilometre area.
  • The Turkish "Solvest Trade and Industry Limited Company" will conduct a 14-month gold exploration in the Abu Khashiba Valley.

The Ministry of Energy and Mineral Resources on Sunday inked an MoU with a local company to explore for copper in the Dana region of Jordan’s south.

Another MoU with a Turkish company was signed to explore for gold in the Abu Khashiba region, also south, media reports said.

The Jordan Integrated Mining and Exploration Company will conduct a 16-month copper exploration of a 78-square-kilometre area outside of the Dana Nature Reserve, Minister of Energy Saleh Kharabsheh said.

Also, the Turkish “Solvest Trade and Industry Limited Company” will conduct a 14-month gold exploration in the Abu Khashiba Valley region of Jordan’s south.

According to the minister, the Turkish company’s exploration area is approximately 155 square kilometers.

This is the second collaboration with the Turkish company, following a memorandum of understanding struck in April to explore copper in the same region.