Asian markets rally after Wall Street highs, oil prices slide
"The weakness of yesterday's US retail sales release have given market doves a new lease of life and allowed them...Business
Americana Restaurants posts profit.
The annual net profit in 2022 was US$470 million.Company News Business
Jordan pens success story with its chalk
Long before whiteboards, beamers and laptops entered modern school classrooms, teachers relied on the humble, dusty, sometimes screechy blackboard chalk.Chalk, a white, soft limestone, was formed aeons ago when the shells of tiny marine creatures were compressed on the sea floor
Jordan has a near endless supply of the raw material, with the ministry of energy and mineral resources estimating the country's "assets of limestone exceed 1.3 billion metric tons
Tunisia president defends new constitution ahead of referendum
Tunisia's President Kais Saied on Tuesday defended a proposed constitution set for referendum this month, after the drafting committee's chief...The new constitution is the centerpiece of Saied's plan to remake the North African country's political system
Saied wants a presidential system to replace the country's 2014 constitution, which enshrined a mixed presidential-parliamentary system often beset by deadlock
Tokyo equities open lower as recession fears persist
Tokyo stocks opened lower Wednesday after a mixed close on Wall Street as lingering recession fears caused a rout on...In New York, the Dow fell as recession fears pounded petroleum-linked equities, but tech shares rallied, with markets eyeing the possibility of smaller interest rate hikes
The dollar fetched 135.57 yen in early Asian trade, against 135.87 yen in New York on Tuesday
Crypto crash seen as interim pain for long-term gain
There will be some volatility in the sector for a long time to come because it is an early-stage market,...There will be volatility in the sector for a long time to come because it is an early-stage market, says Valerie Hawley, Affiliate Founding Partner at True Global Ventures 4 Plus
The prices of nearly every crypto coin have fallen by more than 50 percent from their all-time highs, with no rapid rebound expected amid the ongoing market crash, he adds
EPG, Hub71 to help tech startups advance Abu Dhabi logistics sector
Emirates Post Group (EPG) and Hub71, Abu Dhabi’s global tech ecosystem, will partner to provide tech startups in the Emirate...As part of the agreement, EPG will also provide mentorship for startup founders and support the development of Proof of Concepts.
EPG-backed startups will also gain the ability to join Hub71’s vibrant community.
UAE Minister discusses development of fisheries sector
UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri held a meeting with the heads of fishermen's...The minister met with groups of fishermen and heads of fishermen's associations
She discussed challenges, opportunities and development in the UAE's fisheries sector
Dubai Chambers holds meet to enhance its role in economy
Chairman of Dubai Chambers met with heads and members of business groups to discuss new ways the Chamber can enhance...Dubai Chambers discuss new ways to strengthen public-private sector partnerships
It discusses different ways the Chamber can enhance its role in the emirate’s economy
ADDED grants lease contract exemption for one year to 1,200 actiivities
A total of 1,200 economic activities have been granted one-year exemption from a lease contract for work premises as a...The economic activities included in this initiative represent 29.5 percent of total economic activities licensed and regulated by ADDED, which reached 4,062 by the end of 2021.
ADDED said it has launched many initiatives to ensure ease of doing business, including slashing business set-up and renewal fees by over 94 percent.
‘Jordan’s industries have potential to access Algerian market’
Jordan's industrial goods have a great opportunity to gain a foothold in the Algerian market, president of the Jordan and...Leather, textile, medical supplies, chemicals, food, agricultural and livestock industries can access the Algerian market
There is a need for opening a direct maritime transport route between Jordan and Algeria
Shell joins Qatar gas project
Shell is the fifth and final international partner in the North Field expansion.The British-based company took a 6.25 percent stake for an undisclosed sum, joining TotalEnergies, Eni, ConocoPhillips and ExxonMobil in the North Field East project.
The North Field expansion is the biggest liquefied natural gas (LNG) project ever seen, Qatar Energy said. It comes at a time of intense geopolitical tensions over energy supplies.
