Business
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The 10 Richest Billionaires in the World .. Elon Musk Soars Toward Trillionaire Status
Al-Taj News – The list of the 10 richest billionaires in the world during the week ending September 13, 2026, saw mixed movements, most notably Elon Musk’s continued expansion of his wealth and his growing proximity to trillionaire status. Musk’s wealth rose to $935 billion, an increase of $31 billion over the previous week, while a number of the world’s…
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UAE’s ADNOC Increases Purchases of Iraqi Oil at Discounted Prices
Al-Taj News – Reuters, citing informed sources, reported that Abu Dhabi National Oil Company (ADNOC) purchased millions of barrels of Iraqi crude oil at discounted prices from Iraq’s State Organization for Marketing of Oil (SOMO). The agency quoted two Iraqi sources in the energy sector as saying that ADNOC was the largest buyer of Iraqi crude during August and September,…
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Al-Qudah: More Than 60% of Jordanian Exports to the US Receive Zero-Tariff Treatment
Al-Taj News – Minister of Industry, Trade and Supply Eng. Yarub Al-Qudah confirmed that Jordan has succeeded in reaching understandings with the United States of America that ensure more than 60 percent of Jordanian exports to the US market remain subject to zero-tariff treatment, with an additional tariff of only 10 percent imposed on the remaining exports. Al-Qudah said during…
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Investment Ministry: JD 711.2 Million in Expected Investments Over 6 Months
Al-Taj News – The Ministry of Investment launched its performance report for the first half of 2026, which showed a noticeable acceleration in a number of investment indicators, progress in developing the legislative and regulatory environment, simplifying and digitizing procedures, and improving the efficiency of services provided to investors. The Ministry confirmed that the results achieved reflect a shift in…
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Jordan Kuwait Bank Signs Agreement with CRIF to Introduce SME Assessment Model and Enhance Credit Decision-Making
Jordan Kuwait Bank has signed a cooperation agreement with CRIF, a leading provider of credit information and digital solutions, to introduce a new assessment model for small and medium-sized enterprise (SME) customers using StrategyOne, CRIF’s platform for supporting and automating credit decisions.The agreement was signed by Fadi Khalil, Head of Corporate Banking at Jordan Kuwait Bank, and Roberto Ciraci, Head…
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US Imposes Iran-Related Sanctions on Russian Bank
Al-Taj News – The U.S. Treasury Department said Monday that the United States had imposed Iran-related sanctions on Russia’s VTB Bank, accusing it of involvement in evading U.S. sanctions imposed on Iran, as part of Washington’s efforts to increase economic pressure on Tehran. The measure follows sanctions imposed on the bank, Russia’s second-largest lender, in 2022 following the war in…
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US Reveals Cost of War with Iran
Al-Taj News – The Inspector General of the U.S. Department of War revealed that the cost of the war with Iran had reached around $33.4 billion as of June 30. He noted that Operation “Epic Fury” caused shortages in ammunition stockpiles, in addition to bottlenecks in supply chains, placing additional pressure on U.S. logistical and military capabilities. According to the…
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Sharp Losses Hit U.S. Stocks as Bank of America Loses $22 Billion in One Day
Al-Taj News – U.S. markets saw sharp declines, with shares of several major companies, particularly chipmakers, suffering significant losses, while Bank of America’s shares lost around $22 billion in market value in a single day. The sell-off coincided with consecutive losses for the Dow Jones Industrial Average, which has shed around 1,300 points over the past six sessions, amid growing…
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70% of Buildings in Jordan Were Built Before Energy Efficiency Codes Were Adopted
Al-Taj News – Minister of Energy and Mineral Resources Dr. Saleh Al-Kharabsheh chaired on Monday a meeting of the Public-Private Partnership Council for the energy sector to discuss the National Roadmap for Buildings and Construction in Jordan, which was prepared within the framework of the Jordanian-German Energy Partnership in cooperation with the German Energy Agency (dena), and aims to reduce…
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Jordan Ahli Bank Sponsors Red Bull Car Park Drift Event and Supports Mira Al-Tarzi’s Participation
Al-Taj News – Jordan Ahli Bank announced its sponsorship of the Red Bull Car Park Drift event, which will be held at the Dead Sea on October 2, 2026, in addition to supporting the participation of Jordanian drift driver Mira Al-Tarzi, an automotive engineering graduate and Jordan’s first female drift driver. The sponsorship comes as part of the bank’s interest…
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