INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

European Union pledges €364m in grants to Jordan

Jordan Minister of Planning Nasser Shraideh and EU Ambassador to Jordan Maria Hadjitheodosiou signing joint declaration in Amman.
  • The aid packages include supporting human development, civil society, governance, institutional development and green transition
  • EU ambassador to Jordan Hadjitheodosiou said that the programme sets the priorities for cooperation between the two nations

Amman, Jordan – European Union has pledged €364 million to Jordanian government’s efforts in economic, political and administrative development and reform fields through development programmes and projects.

Minister of Planning and International Cooperation Nasser Shraideh and EU Ambassador to Jordan Maria Hadjitheodosiou Monday signed in Amman a joint declaration with the EU through which the EU pledged to provide aid to Jordan for the period 2021-2024.

Shraideh said that Jordan has “strong, historical and strategic” ties with the EU, which have improved due to the efforts of King Abdullah II, who has been keen to hold continued meetings with EU officials, including representatives of the European Council, the European Commission and the European Parliament.

He explained that the aid packages are part of the EU’s support for the Jordanian government’s efforts in economic, political and administrative development and reform fields through development programmes and projects.

The aid packages include supporting human development, civil society, governance, institutional development and green transition. The priorities are in line with national plans.

Shraideh signed a grant agreement from the EU to Jordan worth €40 million for support to the green economy in Jordan.

He added that it aims to support areas related to sustainable and efficient production and consumption patterns in the industrial sector and sustainable management of resources in energy, water, agriculture and electronic transport.

Hadjitheodosiou welcomed the signing of the joint declaration, adding that the programme sets the priorities for cooperation between the EU and Jordan.