Author: Web Desk

Amman: Investment Minister Kholoud Saqqaf on Thursday discussed with Ambassador of the European Union Delegation to Jordan, Pierre-Christophe Chatzisavas, arrangements for starting preparations to hold a Jordanian-European business forum in the Kingdom with participation of both sides’ public and private sectors next April.

The forum aims to strengthen Jordan-EU investment relations within the framework of activating Investment Promotion Strategy for 2023-2026, which was launched by Ministry of Investment last year.

Saqqaf stressed the Kingdom’s keenness to attract more EU investments to Jordan and provide ways to empower them.

Saqqaf also pointed to the economic reforms that were taken to improve the Kingdom’s investment environment, primarily approving Investment Environment Law and the subsequent related regulations and instructions, endorsing Public Private Partnership (PPP) Projects Law, and establishing the Ministry of Investment to be the body concerned with investor affairs.

In this context, she r
eferrd to multiple free trade agreements signed between Jordan and about 51 countries across the world, mainly EU-Jordan Association Agreement.

For his part, the ambassador affirmed that Jordan provides an “attractive, safe and stable” investment environment.

The envoy noted the EU Delegation continues to inform investors about the Kingdom’s available investment and economic opportunities, as part of the EU’s efforts to promote Jordan as a “safe and stable” environment for investment.

Source:Jordan News Agency

The stormy weather in the Chouf region has led to snowfall on high mountains starting at 1500 meters and above.

This has caused a disruption on the main road between Maaser El Chouf and Kefraya towards the Bekaa Valley.

The rain in other parts of the region turned into torrents, causing partial road collapses with soil and rocks sliding.

Source: National News Agency – Lebanon

Amman: The Jordan Phosphate Mines Company (PLC) and the Manaseer Group inked agreements and memorandums of understanding, on the sidelines of the fourth meeting of the Supreme Committee for Integrated Industrial Partnership for Comprehensive Economic Development, with Emirati and Bahraini companies on industrial projects in Manama.

A statement released on Thursday by the Ministry of Industry, Trade, and Supply said that the PLC and the Manaseer Group have signed a memorandum of understanding for the export of aluminum fluoride, with a volume of 13,000 tons annually, and silica, with a volume of 66 thousand tons annually, estimated to be worth approximately $90 million.

Additionally, Manaseer Group and Newton Motors, a UAE-based business, inked a partnership agreement to build an electric vehicle plant in Jordan with a potential investment of up to $80 million.

Minister of Industry, Trade, and Supply Yousef Shamali said, During a meeting, which was attended by Jordan, the United Arab Emirates (UAE), Egypt,
Bahrain, and Morocco, since intra-Arab trade and investments still do not complement one another and do not take advantage of each nation’s unique characteristics, Arab collaboration in a variety of economic sectors is incompatible with the capacities of the current Arab states.

Shamali continued by saying that although the economies of the Arab nations offer excellent prospects for intra-industrial investments, more than 75 percent of all Arab exports are made up of raw materials, indicating the massive waste of resources required to create industrial chains that raise the value of natural resources.

For his part, the Kingdom of Bahrain’s Minister of Industry and Trade, Abdullah bin Adel Fakhro, emphasized that his government is keenly interested in growing the industrial sector due to its importance in attaining the intended level of industrial integration among states.

Establishing strategic integrated alliances is essential to accomplishing economic, social, and development goals, according to UAE’s Mi
nister of Industry and Advanced Technology, Sultan Ahmed Al Jaber. He mentioned the integrated industrial cooperation, which began in Abu Dhabi in 2022 and is a well-known example of a success story.

Source:Jordan News Agency

Cabinet session at the Governmental Serail.

6:00 pm Caretaker Minister of Culture, Mohammad Wissam Al-Mortada, honors poet Gérmanos Gérmanos at the National Library Theater – Sanayeh. Both Minister Mortada and former President of the Supreme Judicial Council, Dr. Ghaleb Ghanem, will deliver speeches on the occasion.

Source: National News Agency – Lebanon

Amman: Minister of Energy and Mineral Resources, Saleh Al-Kharabsheh and his Saudi counterpart Prince Abdelaziz Bin Salman signed a cooperation agreement in the area of energy and digital transformation, on Thursday in Riyadh, a statement by the ministry of tarde said.

At the Third International Mining Conference on the sidelines, which took place from January 9-11 in Riyadh, the two ministers explored opportunities for collaboration in a range of energy-related topics.

The agreement aims to promote cooperation in energy-related industries such petrochemicals, oil, gas, electricity, renewable energy, and energy efficiency. It also aspires to provide a framework for collaboration between the two parties that fulfills their objectives and serves their shared interests.

Along with the hydrogen industry, the agreement also aims to strengthen collaboration in the area of the circular carbon economy and its technologies, with a focus on attaining sustainability and lessening the effects of climate change through
technologies like carbon capture, reuse, transfer, and storage.

The agreement supports qualitative partnerships between Amman and Riyadh to localize materials, products, and services related to all energy sectors, supply chains, and technologies. It also includes strengthening cooperation in the area of digital transformation and innovation in the energy sector.

To improve sustainability and advance the energy sector, the agreement aims to strengthen collaboration in the development of standards and laws pertaining to sustainable materials.

Source:Jordan News Agency

The Islamic Resistance issued on Thursday the following statement: ‘In support of our steadfast Palestinian people in the Gaza Strip, and in support of their brave and honorable resistance, the Mujahideen of the Islamic Resistance targeted, at 2:15 pm on Thursday, 2024, the enemy’s Al-Malikiyah site, with appropriate weaponry, and achieved direct hits.”

Source: National News Agency – Lebanon