Jordanian industrialists call for export diversification
AMMAN, JORDAN – Jordanian industrialists have emphasized the imperative of strategic planning to bolster export diversification, underlining key measures such...
Business
Exports key target of GCC hydrogen strategies
Clean hydrogen could be bigger than the oil and gas economy for the region, says Jo Bamford, chairman of HYCAP,...
Business
Economy
One out of three Islamic Development Bank member living in poverty
President of the bank Dr Muhammed Al-Jasser, who was speaking at the 16th World Bank Forum, on Islamic Finance, said...
- The Forum themed “Poverty Reduction Through Social Innovation and Entrepreneurship” was held on the sidelines of the IDB group's annual meeting in Sharm El-Sheikh.
- The fight against poverty has always been at the forefront of the objectives of the bank's partnerships with member states and various institutions, Al-Jasser said.
Economy
IsDB’s Lives and Livelihood Fund provides $1.5bn to 33 member states
Abu Dhabi Fund for Development (ADFD), is one of LLF's key donor partners on this innovative initiative.
- Abu Dhabi Fund for Development (ADFD), is one of LLF's key donor partners on this innovative initiative
- The IsDB and development cooperation partners launched a US$2.5 billion LLF in 2016 with a joint vision to raise the poorest out of poverty
Economy
Morocco launches agency to regulate medicinal cannabis
Morocco's national regulatory agency overseeing the use of cannabis for medical use met for the first time Thursday in one...
- Chaired by Interior Minister Abdelouafi Laftit, the "National Agency for the Regulation of Cannabis Activities" approved its organisation chart and budget for the year 2022
- The agency will be responsible for controlling all stages of the production chain, from the import of seeds to the marketing of cannabis products
Economy
OPEC to boost oil production as prices surge and EU bans Russian imports
Major oil producers led by Saudi Arabia and Russia on Thursday decided to open taps wider than expected amid soaring...
- Analysts had expected OPEC+ producers to stick to their policy of modest output increases, as they have done since May 2021.
- OPEC+ drastically slashed output in 2020 as demand slumped when the world locked down under the coronavirus pandemic.
Economy
Qatar launches Advanced Manufacturing Hub in partnership with WEF
The cooperation seeks to transform Qatar into an advanced economic and industrial hub by enhancing its international connections network.
- The cooperation seeks to transform Qatar into an advanced economic and industrial hub by enhancing its international connections network
- Qatar's AMHUB is one of 13 platforms that were launched by WEF all over the world whose aim is to enhance the future of the industrial sector internationally
Business
Demand for garments, footwear stagnant in Jordan
Asaad Qawasmi, the Jordan Chamber of Commerce's representative for the apparel, fabrics, footwear, and jewelry sector, said that demand has...
- Asaad Qawasmi, the Jordan Chamber of Commerce's representative for the apparel, fabrics, footwear, and jewelry sector, said that demand has plateaued since the Eid Al-Fitr
- He expressed optimism that the market was expected to improve in about three weeks from now with the return of expats and visitors for the summer break
Arts & Culture
In Iraq, black community still on the margins
Centered in the city of Zubair, near Basra in the far south of Iraq, the community has its origins in...
- Centered in the city of Zubair, near Basra in the far south of Iraq, the community has its origins in East Africa
- While activists denounce the community's marginalization, talk of racism or discrimination offends Zubair's inhabitants
Economy
Russians prepare for hardships as sanctions begin to hit
With billions of dollars in financial reserves and money still coming in from oil and gas exports, Russia has yet...
- Russians citizens are reporting a litany of problems, including shortages of everything from paper to medicine due to the European sanction imposed on Moscow
- Direct air links with Europe have been severed and Russian citizens are unable to use their bank cards abroad
Economy
Jordan extends reduction of general tax for vegetable oils
The decision to bring some relief to people follows in light of the high prices of vegetable oils globally.
- The decision to bring some relief to people follows in light of the high prices of vegetable oils globally
- The country also approved the integrated industrial partnership initiative for sustainable economic development signed between Jordan, the UAE and Egypt
Economy
Jordan’s Petra sees 86,000 visitors in May 2022
The figures showed that 60,640 of the visitors were of foreign nationalities, while 25,670 were of Arab and Jordanian nationalities.
- The figures showed that 60,640 people of visitors were of foreign nationalities, while 25,670 were of Arab and Jordanian nationalities
- In comparison, a total of 87,622 people visited the city in May 2019, 81,268 of which were foreigners and 4,873 were Arabs and Jordanians
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Jordanian industrialists call for export diversification
AMMAN, JORDAN – Jordanian industrialists have emphasized the imperative of strategic planning to bolster export diversification, underlining key measures such...
Business
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Iraqi Trade Center to be launched at ACC’s headquarters in Jordan
AMMAN, JORDAN - Amman Chamber of Commerce (ACC) and the Iraqi Embassy here agreed to open Iraqi Trade Center at...
- The center's inauguration will allow Jordanian and foreign businesspeople to view investment opportunities offered by the Iraqi government.
- The center will provide Jordanian companies with the opportunity to learn about Iraqi industries and agricultural products.
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Leather, knitwear industries contribute 2.4% to GDP, says JCI
AMMAN, JORDAN - Representative of the leather industries and knitting sector at Jordan Chamber of Industry (JCI), Ehab Qadri, said...
- The sector's exports achieved a "remarkable" growth during the past year by nearly 21 percent, reaching $2.3 billion, compared to 2021.
- The sector, as per data from Social Security Corporation, employs around 76, 000 workers, constituting 27 percent of the total workforce.
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China’s industrial sector posts robust growth in 2023
Beijing, China--China has reported robust progress in its industrial development this year, marked by significant milestones in several sectors, according...
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- Its entrepreneur confidence index and prosperity index for strategic emerging industries posted robust growth, strengthening the positive trajectory of China's economic landscape