Gold extends slide after Fed dampens March rate cut hope
Dubai, UAE - Gold prices extended losses on Wednesday as the US dollar strengthened after comments from a Federal Reserve...Business Economy
WTO hopes to finalize fishing agreement
GENEVA, SWITZERLAND - The head of the World Trade Organization's fisheries talks voiced optimism on Tuesday about striking an agreement on...Business Geostrategy Global
Ajman issues 41 percent more economic licenses in 2021
The economic licenses issued by the Department of Economic Development in Ajman (Ajman DED) during 2021 grew by 41 percent....The initiatives launched by the Ajman DED during the current year have resulted in a high growth rate of the Taziz Program to about 238 percent.
The department signed 54 agreements during the current year, and the percentage of partners' satisfaction reached 85 percent.
Emirates declared safest airline globally by Hamburg-based JACDEC
The Hamburg-based Jet Airliner Crash Data Evaluation Centre (JACDEC) has again named Emirates Airline as the world’s safest airline in...With a risk index of 95.05 per cent, Emirates beat its nearest rivals KLM (93.31 per cent), JetBlue (91.61), Delta (91.55) and easyJet (91.28) among the 25 airlines surveyed.
In Europe, KLM (93.31) took first place, ahead of Finnair (93.16), Air Europa (93.12), Transavia (92.83), easyJet (91.28) and Norwegian (90.95).
Syria to host three-day exhibition of Jordan’s trade and services
An exhibition of Jordan’s trade and services is scheduled to start next Tuesday in the Syrian capital, Damascus. The event...The event is jointly organized by the Jordan Chamber of Commerce (JCC) and the Federation of Syrian Chambers of Commerce (FSCC).
Jordanian companies working in various sectors, particularly in trade, information and telecom technology will take part in the event.
MAWANI and SCCA sign MoU
Both will create an environment for the settlement of disputes.The two sides agreed upon developing the skills of authority staff and those concerned with the maritime transport and ports sector.
The pact also contributes to SCCA's endeavor to develop national ADR capacities by providing ADR services.
Top Saudi Arabian companies pay stable to higher dividends in 2021
Saudi Arabia's 10 biggest companies witnessed the recovery of dividends paid out to investors in 2021, as the economy began...Energy giant Aramco, with over SR7 trillion in market value, paid each shareholder SR1.05 per share for the first nine months of 2021, nearly the same as in 2020.
The eighth biggest listed firm in the Kingdom, SABIC Agri-Nutrients, yielded 2.5 percent on a stock price of SR172, and offered its highest dividend policy since 2015 this year.
CES prepares to draw tech crowd despite Covid-19 surge
Multiple companies — including Amazon, BMW, and Microsoft — reduced or canceled their attendance as Covid-19 case numbers broke records,...The 2022 show was meant to be the triumphant return of an event that hosted some 170,000 people and more than 4,500 exhibitors
Last year's event was online-only, with organizers saying it was ‘not possible to safely convene tens of thousands of people in Las Vegas’
Alpha Dhabi Holding raises stake in Aldar Properties to 30%
Alpha Dhabi Holding (ADH) has announced the acquisition of an additional 17 percent shareholding of Aldar Properties. The acquisition will...The acquisition is in line with Alpha Dhabi Holding's recently announced expansion plan and future strategy
Early this year, Alpha Dhabi Holding acquired a 12.8 percent strategic stake in Aldar Properties
Factors that may impact oil’s demand-fueled recovery
At the global scale, 56.5 percent of oil reserves and 26.7 percent of natural gas reserves are owned by Arab...The financial crisis of the Arab countries will not ease unless oil prices, which will remain above $80 per barrel until 2025-end, come down
Oil prices climbed by about $28.2 per barrel from January until October 2021, showing 51.2 percent increase over the 10 months
Tesla delivers 1m cars
The increase is 87% over the previous year.Tesla announced last January that it was aiming to increase deliveries by 50% per year over several years
Tesla has managed to overcome global logistics issues that have plagued the auto industry
Jordan defers Covid-19-hit restaurants’ repayments till mid-2022
Issam Fakhreddin, the head of Jordan Restaurants Association called on tourist restaurants to submit a written request and a document...Issam Fakhreddin, the head of Jordan Restaurants Association called on tourist restaurants to submit a written request and a document of inability to repay.
He also commended the government’s financial assistance packages, which had mitigated the Covid-19 pandemic-conduced repercussions on Jordan's restaurant sector
