Economy
Jordan revenues from income, sales tax hit $7.35bn in 2021
While sales tax collection rose 14 percent, income tax collection rose 7 percent from 2020 to 2021.
- Sales tax collected by Jordan in 2021 reached JD4.037 billion ($5.69 billion), up from JD3.534 billion ($4.98 billion) in 2020
- Revenues collected as income tax in 2021 reached JD1.176 billion ($1.66 billion), up from JD1.103 billion ($1.56 billion) in 2020
Business
Zoho inks Dubai deal
The agreement will help Dubai’s creative entrepreneurs.
- The agreement aims to support the emirate's creative entrepreneurs through their digital transformation journey
- It will also look to enhance the efficiency of their businesses, and simplify daily operations
Geostrategy
Jordan-US discuss bilateral cooperation, strategic partnership
Jordan Foreign Minister Ayman Safadi held talks with state department officials on the new MoU on the strategic partnership between...
- Jordan Foreign Minister Ayman Safadi held talks with state department officials on the new MoU on the strategic partnership between the two countries
- Safadi is scheduled to meet with US Secretary of State Anthony Blinken, a number of senior US administration officials from the State Department
Business
Tadweer of Abu Dhabi to hold ‘EcoWASTE’ exhibition
The exhibition and forum cover various fields, including recycling and waste management and treatment in the MENA region.
- It will begin from17th January to 19th January 2022 in Abu Dhabi at National Exhibition Center (ADNEC) as part of the Abu Dhabi Sustainability Week
- The forum would also work as an integrated platform for developing and formulating practical and sustainable waste management practices
Arts & Culture
Kuwait’s council for arts and ISESCO to boost cooperation
Kuwait's National Council for Culture, Arts and Literature (NCCAL) and Islamic World Educational, Scientific and Cultural Organization (ISESCO) discussed on...
- The Secretary-General of NCCAL Kamel Al Abdul Jaleel met with visiting chief of ISSCO Salem Al Malik in Kuwait.
- More than 366 heritage and archaeological sites have been listed in the Islamic world, hoping to add 1000 more sites by 2025.
Business
Air Arabia named the most punctual airline by Moscow Airport in 2021
Air Arabia has been named as the most punctual airline in 2021 at Moscow Domodedovo Airport in the category of...
- The Moscow Domodedovo Airport is the largest in Russia with the punctuality competition being held on an annual basis among its partner airlines.
- The Airport evaluated the performance of numerous worldwide partner airlines, based on punctuality - calculated based on flight frequency.
Business
Jordan Banking Organization honors former Jordan’s Central Bank Governor
The Association of Banks in Jordan (ABJ) held a ceremony to honor the former Governor of the Central Bank...
- The ceremony was held via teleconference, and attended by Jordan's Prime Minister Bisher Khasawneh, CBJ Governor Adel Sharkas.
- Chairmen and CEOs of more than 59 banks were present at the felicitation ceremony.
Business
UAE sets up “Coders HQ” to boost coding communities
The UAE government has launched the Coders HQ, a new transformational project that re-defines local coding communities, in partnership with...
- The project, established in the Emirates Towers, aims to build a new generation of coders, enhance their capabilities and skills in the fields of coding and technology
- The project was launched in a virtual ceremony organized by the National Program for Coders, in the presence of Omar bin Sultan Al Olama, Minister of State for Artificial Intellige
Business
Abu Dhabi Department of Culture and Tourism sets $272 business license fee
In a bid to promote the growth of the tourism industry in Abu Dhabi, the emirate's Department of Culture and...
- License holders who currently pay varying fee amounts, depending on the level of business activity.
- Overall, the changes represent an almost 90 percent reduction in total license fee costs.
Geostrategy
Sharaka and UK Abraham Accords Group sign agreement
Leaders of the UK Abraham Accords Group and Sharaka will sign a cooperation agreement at a private event at the...
- Dr. Fox is leading a delegation of British MPs to see first-hand the impact Abraham Accords is making on trade and industry, religious and cultural cooperation
- The UK Abraham Accords Group and Sharaka will work to identify influencers from the Abraham Accords countries in the media, society, academia, business, and other fields
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Company News
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Siemens bags Egypt project
Business
Empower to sell 10% stake, list on DFM
Empower will make 1 bn shares, each valued AED0.10, available in IPO.
Business
Oman’s CPI inflation rate rises 2.4 percent in September
MUSCAT, OMAN - The inflation rate of Consumer Price Index in Oman reached 2.4 percent during September 2022. A monthly...
Economy
Aliph Capital secures $125m investment for its maiden fund from ADQ
Aliph Capital is an alternative investment firm focused on private equity investing.
Business
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Geostrategy
UAE-Bahrain non-oil trade surges to $6.5bn in 2021
The UAE Foreign Minister stressed that the trade growth didn’t reflect the “true potential” of the two countries.
- The UAE Foreign Minister stressed that the trade growth didn’t reflect the “true potential” of the two countries
- He highlighted the importance of intensifying cooperation between the government and private sectors of the two countries
Business
CITC unveils initiatives, launches at Digital Technology Forum 2022
The company also announced the winning products of the Co-Innovation Award, the launch of the first Local Technology Guide in...
- The company also announced the winning products of the Co-Innovation Award, the launch of the first Local Technology Guide in the Middle East and North Africa
- It also issued the first Local Technology Products Guide in the MENA to facilitate access to local products developed by IT and emerging technologies companies
Geostrategy
Iran signs contract with Russia to supply it with 40 turbines
Tehran, Iran— Iran announced Sunday a contract with Russia to supply it with 40 turbines to help its gas industry amid...
- Iran did not specify when the contract was signed, and when the turbines are due to be delivered
- Russia and Iran hold some of the world's largest gas reserves, and are both under strict US sanctions