Search Site

Trends banner

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Food prices declined in October, says Jordan trade minister

World cereal stocks by the close of the 2024 seasons are predicted to stand at 884 million tonnes.
  • The minister attributed the decline to falling oil prices and its impact on production and transport costs.
  • He said that the fall in the prices of food is also due to measures taken by the government.

AMMAN, JORDAN – Jordan Minister of Industry, Trade and Supply and Minister of Labor Yousef Shamali said Monday that food prices in the local market declined last month as global prices fell and also as a result of government measures.

In a statement, the minister also attributed the decline to falling oil prices and its impact on production and transport costs.

He said that the ministry is closely monitoring the local market and changes in global prices as it imposed controls to ensure adherence to the industry and trade law and regulatory legislation.

In a comparative study, the ministry found that the prices of 144 food items remained stable or had dropped in October, compared with September, with the prices of 68 commodities decreasing, including vegetable oil by six percent, meat and poultry by eight percent, rice by 4.5 percent and sugar by 3.5 percent.

The prices of vegetables also declined while those of 76 other commodities, including dairy products, remained stable, it said.