Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

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.

Jordan fixes bread prices until 2023 amid global grain price hike

Jordan cabinet on Sunday fixed the prices of bread until the end of 2023 amid a global rise in grain prices.
  • According to the cabinet decision, the price of large-sized white pitta bread will remain at 320 fils, while small-sized white pitta bread will remain at 400 fils
  • The decision also included continuing to provide $6 in cash support to non-mechanical bakeries, specifically those that use one tonne or less of flour daily

Amman, Jordan — Jordan on Sunday fixed the prices of bread until the end of 2023 amid a global rise in grain prices.

According to the cabinet decision, the price of large-sized white pitta bread will remain at 320 fils, while small-sized white pitta bread will remain at 400 fils, and Taboon, Saj, and other types of bread will remain at 350 fils.

The decision also included continuing to provide JD4 ($6) in cash support to non-mechanical bakeries (stone and semi-automated), specifically those that use one tonne or less of flour daily.

According to official figures of the Ministry of Industry, Trade and Supply, government subsidy on wheat last October stood at JD254 ($358) per ton to spare citizens the burden of global wheat and barley price hikes.