Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Jordan-Iraq business forum to begin in June, seek deeper trade ties

A crossing at Iraq-Jordan border.
  • The forum will focus on sectors such as energy, mining, construction, IT, real estate development, finance, telecom, and industry
  • Both countries seek to promote investment in several fields, establish joint partnerships, and enhance trade and investment exchange

Amman, Jordan— Seeking to widen its economic and trade ties with Jordan, the Iraqi Business Council (IBC) will organize the Jordanian-Iraqi Business and Finance Forum next month in Amman, under the theme: “Building Bridges of Common Prosperity,” with “wide” participation from the two countries’ investors, business owners, companies and other countries.

The forum, which is slated to open next June 20, will focus on the sectors of industry, finance, telecom and information technology, contracting, construction, real estate development, energy and mining.

The council’s vice-president, Saad Naji, the forum is held based on His Majesty King Abdullah II’s vision to achieve the two countries’ economic integration and expand joint cooperation horizons, especially in the investment and trade fields.

In a statement on Saturday, Naji said the forum, which receives “wide” interest from various Iraqi activities, also comes in light of the Kingdom’s “important” role in promoting joint Arab economic action.

The forum will be attended by Jordanian and Iraqi businesspeople, investors, governmental and parliamentary figures, local and international companies, private sector institutions, United Nations organizations and international bodies, according to Naji.

The forum aims to promote investment in various fields and trade exchange between Jordan and Iraq, and establish joint partnerships, he said, adding that the event will also discuss all challenges facing ways to develop joint economic relations.

Naji added that the forum also seeks to enhance Iraqi companies’ trade and investment exchange with Jordanian, Arab and international counterparts, to contribute to Iraq’s reconstruction projects, as well as learning about the two countries’ current and future business opportunities.

During the forum, sessions and seminars will be held on investment, industry, housing and financing issues, and mechanisms to create opportunities for Jordanian banks and exchange companies to enter Iraq and establish partnerships with their Iraqi counterparts, as well as presenting multiple recent studies on developing the two countries’ business and economies.