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Jordan

Boat, Transportation, Vehicle

Jordan’s ADC signs $242m pact for logistics hub

Jordan’s Aqaba Development Company (ADC) and APM Terminals (APMT), a global terminal operator, signed a $242 million memorandum of understanding to develop a regional logistics hub in Aqaba, Jordan News Agency reported. ADC chief executive Hussein Safadi said that the agreement will prepare Aqaba to handle the anticipated maritime trade and shipping increase.  A training […]

Jordan’s tourism revenue jumps 162% to $3.6bn

Jordan’s tourism revenue rose 161.6 percent year-on-year to $3.645 billion in the first eight months of 2022, Petra, the state-owned Jordan News Agency reported. The increase was driven by a rise in the number of tourists to 3.175 million between January and August. In August, tourism revenue posted an 82.4 percent increase year-on-year to $822.4 […]

Vehicle, Transportation, Ship

Jordan port workers protest after deaths from gas leak

Workers at Jordan’s Red Sea port of Aqaba began a work stoppage on Sunday to protest poor safety precautions following the deaths of thirteen people in a chlorine gas leak accident at a major berth, unionists said. The deaths and injury of over 300 workers came after a crane loading chlorine containers onto a ship […]

UK agency inks first Jordan deal to create 4,000 jobs

UK Export Finance (UKEF), the government’s export credit agency, has announced its first deal in Jordan to support the largest clothes manufacturer in the Middle East and North Africa in the construction of new factories and a corporate office in Aqaba. The deal with Classic Fashion Apparel Industry, worth £66 million, will facilitate the building […]

Jordan gets over $1.2bn in orders for dollar bond sale

Jordan has received more than $1.2 billion in orders for its sale of US dollar-denominated bonds that will mature in just over five years, a document showed on Wednesday. It revised guidance to the 8 percent area after initial price guidance earlier on Wednesday in the low 8 percent range, the investors’ note reviewed by […]

Helicopter, Vehicle, Aircraft

UAE, Egypt and Jordan industrial pact will ‘unleash billions’

The partnership hopes to strengthen each country’s economic clout and competitive standing, both in the region and further afield  The UAE, Egypt and Jordan’s decision to enter into an economic partnership stands out from recent announcements of bilateral deals struck between Arab countries and Western partners.   The regional partnership, announced in Abu Dhabi on Sunday, […]

Bulldozer, Tractor, Vehicle

Brazil plans ‘fertilizer diplomacy’ trip to secure more imports

Brazil’s new agriculture minister Marcos Montes will visit Jordan, Egypt and Morocco in a tour starting this week to discuss increasing fertilizer imports from those countries. “It’s a pilgrimage that we are calling fertilizer diplomacy,” Montes said in an interview with Reuters late on Monday, adding he would be joined by private sector representatives. “We […]

Person, Human, Room

King Abdullah joins Biden to defuse Jerusalem tension

Jordan’s King Abdullah agreed with U.S. President Joe Biden on the need to prevent a repeat of recent confrontations in Jerusalem’s Muslim holy sites that sparked concerns of wider conflict, state media said. In a phone call on Monday, Abdullah was quoted as saying the cornerstone of peace was a comprehensive Arab Israeli settlement based […]

Jordan’s king agreed with U.S. Biden on need to defuse Jerusalem tension

Jordan’s King Abdullah agreed with U.S. President Joe Biden on the need to prevent a repeat of recent confrontations in Jerusalem’s Muslim holy sites that sparked concerns of wider conflict, state media said. In a phone call on Monday, Abdullah was quoted as saying the cornerstone of peace was a comprehensive Arab Israeli settlement based on a two-state solution […]

EU plans to counter Russia with food diplomacy in North Africa, Middle East

The EU aims to address rising wheat and fertilizer prices and expected shortages in the Balkans, North Africa and the Middle East with “food diplomacy” to counter Russia’s narrative on the impact of its Ukraine invasion, EU diplomats and officials say. Food insecurity was causing “resentment” in vulnerable countries in these regions, while Moscow was […]