Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

FPT and Nvidia to build AI factory

Nvidia had invested around $250 million in Vietnam.

Swiss reserve hike hits UBS

The reserve requirement will increase from 2.5% to 4% from July 1.

Baghdad-Amman oil pipeline will soon be functional, says Iraqi Parliamentary Speaker

The Jordanian delegation held a series of meetings with Iraqi officials. (PETRA)
  • Iraq and Jordan will form joint parliamentary committees to overcome legislative impediments to projects.
  • The Jordanian delegation held a series of meetings with Iraqi officials.

BAGHDAD, IRAQ  – Iraqi Parliamentary Speaker Mohammed al-Halbousi said that an oil pipeline from Basra port to the Jordanian port of Aqaba will soon be operational pointing to many areas of cooperation between the two countries.

Al-Halbousi, who spoke at a joint press conference at Baghdad airport with Jordan’s Lower House Speaker Ahmad Safadi at the end of the Kingdom’s parliamentary delegation’s trip to Iraq, said on Saturday that the visit is to overcome any hurdles standing in the way of joint ventures.

Safadi said the two countries will form joint parliamentary committees to overcome legislative impediments to projects.

He stressed on Jordan’s keenness on the success of Iraq’s political process and the return of that country as a strong and influential player in the region.

The Jordanian delegation held a series of meetings with Iraqi officials, starting with president Abdul Latif Rashid, former presidents and prime ministers and heads of parliamentary blocs.

Iraqi officials underscored their support of joint projects between Jordan, Iraq and Egypt and commended the Kingdom’s support of their country.

They also supported Jordan King Abdullah’s position toward regional issues and his custodianship over Islamic and Christian holy sites in Jerusalem.