INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

IsDB, Jordan sign two pacts to support food security, tourism sector

The loan aims to provide trade finance solutions that comply with Islamic sharia principles.
  • Jordanian Prime Minister Bisher Al-Khasawneh commended the continuous support of IsDB for economic projects in Jordan including help in the modernization of the public sector
  • President of the IsDB Group, Dr. Mohammad Sulaiman Al-Jasser affirmed the IsDB's interest in continuing to support and implement development and service projects in Jordan

Jeddah, Saudi Arabia – The Jordanian government and the Islamic Development Bank Group (IsDB) signed two agreements here on Thursday to support the food security and the tourism sector, with a value exceeding $210 million. 

Jordanian Prime Minister Bisher Al-Khasawneh commended the continuous support of IsDB for economic projects in Jordan including help in the modernization of the public sector.

President of the IsDB Group, Dr. Mohammad Sulaiman Al-Jasser affirmed the IsDB’s interest in continuing to support and implement development and service projects in Jordan, in addition to working with the international community, other development partners and the private sector to enhance partnership and cooperation to support social and economic development efforts in Jordan.

The two sides also signed an interest-free loan agreement worth $10 million and a $50,000 technical assistance grant agreement to support small and medium enterprises in the tourism sector.