US Fed rate cuts become question of when, not if
Washington, United States -- The US Federal Reserve is widely expected to start cutting interest rates in the coming months, as...Economy
US Federal Reserve’s favored inflation gauge rises before rate decision
The US Federal Reserve's favored measure of inflation ticked higher last month, according to government data published. The latest announcement...Business Economy Geostrategy
Non-Jordanian workers under deportation allowed to rectify status
The grace period decision included undocumented expats, who are currently still in the KingdomThe grace period decision included undocumented expats, who are currently still in the Kingdom
The ministry said the guest workers must regularise their status and pay work permit fees and fines for delays in issuing these permits
A million pilgrims arrive in Mecca for Hajj, first since pandemic
White-robed worshippers from across the world have packed the streets of Mecca as Islam's holiest city prepares to host the...At least 650,000 overseas pilgrims have arrived so far in Saudi Arabia, the authorities said Sunday
One million vaccinated pilgrims under the age of 65 will attend the hajj under strict sanitary conditions
Shark kills 1 Austrian, 1 Romanian tourist in Egypt’s Red Sea
Two women, one Austrian and the other Romanian, were killed in a shark attack this week off the coast of...The Red Sea is a popular tourist destination, where sharks are common but rarely attack people swimming within authorised limits
In 2018, a Czech tourist was killed by a shark off a Red Sea beach and a similar attack killed a German tourist in 2015
Jordan’s GDP grows 2.5 percent in Q1, hospitality sector biggest gainer
Jordan's Gross Domestic Product (GDP) at constant market prices grew by 2.5 percent in quarter one of 2022, compared to...The Department of Statistics (DoS) of Jordan said economic sectors rose in quarter one of the current year.
Hotels and restaurants sector came first with 6.8 percent, followed by construction sector with 5.3 percent.
Iraq’s June crude oil export revenue $11 billion: Ministry
Iraq received in excess of $11 billion as revenue for crude oil export in June, the Ministry of Oil said....Crude oil export in June from oil fields in central and southern Iraq amounted to (97) million (980) thousand and (589) barrels.
Total exported quantities from Kirkuk fields through Ceyhan port amounted to one million (910) thousand and (887) barrels.
Arab finance ministers mull over food security, Ukraine war
Foreign ministers of Arab nations discussed in Beirut a range of regional crises, with emphasis on food security and the...The discussions of the ministers dealt with the impact of the Ukraine war on the region and food security
As for the Ukraine war, the Arab diplomats were unanimous in rejection of any politicization of international organizations
Biggest tax cut in a decade will save British workers millions: Johnson
Speaking at the NATO summit in Madrid, Johnson said the "very, very tight labor market" and difficult "balance of our...The PM said when the National Insurance threshold rises Wednesday, it will save 30 million British workers up to $400 a year.
He said there is a "big chance" to fix unnecessary cost pressures for people and businesses across the UK.
MENA expects $320bn AI share in economy
Artificial Intelligence market is growing in the Middle East by an estimated 20 percent to 34 percent annually, with GCC...By 2030, some 70 percent of companies might have adopted at least one type of Artificial Intelligence (AI) technology.
Less than half will have fully absorbed the five categories of AI: computer vision, natural language, virtual assistants, robotic process automation, and advanced machine learning.
World Bank and Jordan Chamber discuss investment law
Jordan Chamber of Commerce Vice President discusses with a World Bank team the Kingdom's investment regulation law and the incentives...Jordan's Chamber of Commerce stressed on the need to offer clear incentives to projects in the pipeline.
The move will help the private sector can publicize such incentives to lure in more investments.
Jordan imports 12.99mn barrels of crude oil in 2021
Jordan imported 11.8 million barrels of crude oil through the port of Aqaba, while a total of about 1.19 million...1.19 mn barrels of Iraqi oil were imported since supply was launched in September 2021 until end of 2021
Oil production from the Hamza oil field amounted to 105,000 barrels during 2021
