Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Trade between Jordan and UAE grows to $891m in 2021

  • The details of the growing economic ties between the two countries were shared by the prime minister of Jordan Bisher Khasawneh
  • He said the UAE has poured almost $17 billion into the Kingdom investments as it considered as one of the key partner in this regard

Trade between Jordan and the United Arab Emirates has grown to $891 million during the course of last year, and the UAE has invested some $17 billion in Jordan.

The details of the growing economic ties between the two countries were shared by the prime minister of Jordan Bisher Khasawneh while inaugurating the kingdom’s national day within Dubai Expo 2020 at Dubai Exhibition Center.

He said the UAE has poured almost $17 billion into the Kingdom investments as it considered as one of the key partner in this regard.

Commenting on the investment process in Jordan, Khasawneh said that his government is working on a new law for investment, in addition to establishing an investment ministry for the first time.

Khasawneh called on the UAE business community to establish projects and partnerships with Jordan, voicing his government’s keenness to prioritize the UAE investments and provide all facilitation in this regard.

The prime minister visited the UAE pavilion and was briefed on its activities, praising the UAE achievements in this regard.