Search Site

Trends banner

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

Jordan and Algeria renew pledge to boost economic ties

Algerian President Abdelmadjid Tebboune meets with visiting King Abdullah II of Jordan in Algiers, Algeria, Dec. 4, 2022.
  • The leaders stressed the importance of bolstering cooperation between Jordan and Algeria, especially in the political, economic, trade, investment, and defense fields
  • The king emphasised Jordan’s support for Algeria in its efforts to make the outcomes of the recent Arab Summit a success

Algiers, Algeria— Jordan’s King Abdullah and Algeria President Abdelmadjid Tebboune have stressed the importance of bolstering ties between the two countries in a meeting in Algiers on Sunday.

The talks between the two leaders covered the deep-rooted bilateral ties between Jordan and Algeria and the latest regional and international developments.

According to a Royal Hashemite Court (RHC) statement, King Abdullah and President Tebboune affirmed the strong ties between the two countries and peoples in a bilateral meeting followed by expanded talks.

The leaders stressed the importance of bolstering cooperation between Jordan and Algeria, especially in the political, economic, trade, investment, and defense fields.

Also read: https://trendsmena.com/business/jordan-and-algeria-agree-to-boost-trade-investment-ties/

The meetings, attended by senior officials on both sides, also covered keenness to maintain coordination and consultation on issues of mutual concern in service of shared interests and Arab causes.

The king emphasised Jordan’s support for Algeria in its efforts to make the outcomes of the recent Arab Summit a success, commending Algeria and President Tebboune’s crucial role in promoting joint Arab action.

Recent regional and international developments were also discussed, with the King reaffirming the centrality of the Palestinian cause and the need to support the Palestinians in seeking their just and legitimate rights.

Also read: https://trendsmena.com/business/jordans-industries-have-potential-to-access-algerian-market/

The king underscored the need to reach just and comprehensive peace on the basis of the two-state solution, leading to the establishment of an independent Palestinian state on the 4 June 1967 lines, with East Jerusalem as its capital.

The King also reaffirmed the importance of preserving the historical and legal status quo at Al Aqsa Mosque/Al Haram Al Sharif.

Discussions touched on means of finding political solutions to regional crises to restore security and stability to the peoples of the region.

Also read: https://trendsmena.com/business/jordanian-algerian-businesses-aim-for-better-trade-relations/