Business
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King’s China visit offers opportunity for new level of economic partnership — JCC
AMMAN — Jordan Chamber of Commerce (JCC) President Khalil Haj Tawfiq described His Majesty King Abdullah’s visit to China as a “historic” opportunity to transform Jordanian-Chinese economic ties from a trade-based relationship into a strategic partnership focused on investment, joint production and the exchange of expertise. In an interview with Al Mamlaka TV on Monday, Haj Tawfiq said Jordan was…
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Jordan-China trade hits $6.7 billion amid push to deepen economic ties
AMMAN — Trade between Jordan and China reached nearly $6.7 billion last year, as economic ties between the two countries enter a new phase with King Abdullah’s state visit to China and meetings with senior Chinese officials and representatives of major companies. According to figures, cited by Al Mamlaka and released by the Jordan Strategy Forum, Chinese exports to Jordan…
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Oil Prices Rise as US-Iran Talks Stall and Shipping Traffic Slows
Al-Taj News – Oil prices rose on Monday as expectations of a breakthrough in US-Iranian peace talks faded and tanker traffic through the Strait of Hormuz slowed, heightening concerns over geopolitical risks in the market. Brent crude futures rose 1% to $89.40 per barrel, after rising 72 cents to $89.20 by 02:29 GMT in the latest trading. US West Texas…
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Trump Vows Unprecedented Economic Measures Against Iran
Al-Taj News – US President Donald Trump has pledged to intensify economic pressure on Iran, as Washington prepares to impose new and unprecedented measures on Tehran that could take effect within days. These moves come amid decades of US and international sanctions on Iran over its nuclear program, human rights violations, and support for armed groups. Since the outbreak of…
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ICT sector generates $3.6b in revenue, 46,000 Jobs
AMMAN — The information and communications technology sector has grown into a $3.6 billion industry employing more than 46,000 people, underscoring its expanding role in investment, exports and the Kingdom’s broader economic modernisation drive. The figures were presented as the Information and Communications Technology Association of Jordan (int@j) marked its 25th anniversary under the theme “25 Years… One Network,” highlighting…
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‘Jordan-US Reciprocal Trade Agreement opens new phase of economic cooperation’
AMMAN — Industry, Trade and Supply Minister Yarub Qudah on Wednesday attended a dialogue session organised by the American Chamber of Commerce in Jordan (AmCham-Jordan) under the theme “Jordanian-American Economic Relations: A Business Leaders’ Vision.” The session brought together US Ambassador to Jordan Jim Holtsnider and representatives of Jordanian and American businesses, during which Qudah said the recently signed Jordan-US…
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Maersk lifts guidance after doubling Q2 profits
COPENHAGEN — Shipping giant Maersk raised its full-year earnings guidance Thursday as it reported a doubling of profits in the second quarter, driven by strong demand in Asia in particular. From April to June, net profit was $1.3 billion, up from $614 million a year earlier, the company said. Maersk said its profits rose even as the ongoing Mideast war…
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ARABOSAI marks 50 years of advancing Arab audit work in Jordan
AMMAN — The Audit Bureau on Thursday hosted the Golden Jubilee celebration of the Arab Organisation of Supreme Audit Institutions (ARABOSAI), marking 50 years of joint Arab auditing work and highlighting the need to modernise oversight in response to rapid technological and economic changes. The celebration is held under the patronage of Justice Minister Bassam Talhouni and themed “Towards a…
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Jordan-Saudi Business Council to convene in Amman this month
AMMAN — The Jordan-Saudi Business Council is set to hold a high-level meeting in Amman later this month, hosted by the Jordan Chamber of Commerce (JCC), with active participation from business leaders, investors and economic sector representatives from both nations. The upcoming gathering serves as a follow-up to the council’s previous meeting held in Riyadh last January, aiming to translate…
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Jordan, Ethiopia sign MoU to boost trade, investment cooperation
AMMAN — The Jordan Chamber of Commerce (JCC) and the Ethiopian Chamber of Commerce and Sectoral Associations have signed a memorandum of understanding (MoU) to strengthen economic, trade and investment cooperation between the two countries. The MoU is signed by JCC President Khalil Haj Tawfiq and Ethiopian Chamber of Commerce and Sectoral Associations President Sebsib Abajobir, establishes an institutional framework…
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