Business

“Energy Ministry”: Jordan’s Petroleum Product Stocks Are Sufficient for Around 60 Days

Al-Taj News – The Ministry of Energy and Mineral Resources said that the stock of petroleum products in the Kingdom, including 90- and 95-octane gasoline, diesel, kerosene, and jet fuel, is sufficient for around 60 days. The ministry added that the sufficiency of liquefied petroleum gas (LPG) storage capacity stands at around 38 days. The ministry had previously affirmed that…

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Oil Surpasses $103 After Trump Denies Easing Sanctions on Iran

Al-Taj News – Oil prices rose Wednesday after U.S. President Donald Trump denied being prepared to ease sanctions on Iran, while Qatar continued its diplomatic efforts, hoping for a breakthrough, following a decline in prices in the previous session due to the recovery of supplies from the Middle East. Brent crude futures rose $1.14, or 1.11%, to $103.73 per barrel…

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Al-Wazzaifi: Amman Stock Exchange Honor Is a National Achievement Reflecting the Positive Economic Trajectory

Al-Taj News – Amman Stock Exchange Executive Director Mazen Al-Wazzaifi said Tuesday that the Amman Stock Exchange’s receipt of the Arab Federation of Exchanges’ annual award for 2025 as the best-performing Arab stock exchange in terms of price index growth comes in recognition of its outstanding performance over the past year, stressing that this achievement reflects the performance of national…

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Fuel Stations Syndicate: Demand Down 5%… Jordan’s Energy Security Is “Fine”

Al-Taj News – Head of the Fuel Stations Owners Syndicate, Engineer Nahar Al-Saeedat, said that the rise in global oil prices, alongside the repercussions of the geopolitical crisis in the region, has affected the costs of importing petroleum products into Jordan, particularly with the increase in insurance, transportation, and shipping costs. Al-Saeedat explained, during the “Masarat” program on Jordan Television,…

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Brent Crude Nears $108 Amid Middle East Supply Disruptions

Al-Taj News – Oil prices rose more than 2% on Tuesday, extending their gains amid continued concerns over disruptions to supplies from the Middle East due to the conflict between the United States and Iran, despite indications of a recovery in crude exports from the region. Brent crude futures rose more than 2% to $107.44 per barrel, while the most…

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Sharp Losses in U.S. Markets… Tesla Loses $58 Billion in a Single Session

Al-Taj News – U.S. markets saw a sharp decline during today’s trading, with shares of several major companies recording notable losses. Tesla shares lost around $58 billion in market value in a single day, coinciding with a sharp drop in Boeing shares. Meanwhile, the S&P 500 posted its largest daily loss in five weeks, while the Russell 2000 index fell…

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Jordan Commercial Bank Named Platinum Sponsor of Jordan FinTech Festival 2026

Al-Taj News – As part of its commitment to supporting digital transformation in the banking sector, promoting innovation in financial services, and contributing to the development of the fintech ecosystem in the Kingdom in line with the rapid developments taking place in the financial sector locally and regionally, Jordan Commercial Bank sponsored the Jordan FinTech Festival 2026 as a platinum…

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Oil Prices Surpass $105 per Barrel

Al-Taj News – Oil prices rose by more than 1% in early trading on Monday after US President Donald Trump rejected an Iranian peace proposal aimed at ending the conflict and reopening the Strait of Hormuz, keeping tensions in the Middle East high. Brent crude futures rose $1.32, or 1.27%, to $105.64 per barrel by 00:36 GMT, while US West…

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Oil Prices Rise as Middle East War Impacts Global Economy

Al-Taj News – The Middle East war has had several repercussions for the global economy. Below are the latest economic repercussions of the war: Oil prices rise – Oil prices rose after US President Donald Trump dashed hopes of a quick end to the war, confirming that US forces would continue bombing Iran for another two to three weeks and…

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EU Allocates €710 Million to Help Victims of Crises

Al-Taj News – European Commission President Ursula von der Leyen announced Saturday that the European Union will allocate €710 million to help people affected by crises, natural disasters and conflicts, most of it to African countries. In a speech before the United Nations General Assembly, von der Leyen said: “Conflicts, extreme weather conditions and the rising cost of living are…

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