Category: Industry

Damascus: Feasible means of collaboration in the minerals and oil fields were the focus of the meeting that brought together Minister of Oil and Mineral Resources, Firas Hassan Qaddour and Irshad Ahmad, Ambassador of India to Syria.

Qaddour voiced Syria’s readiness to offer the required facilitations and promote an environment that is conducive to attract Indian companies interested in investment across Syria in the minerals and oil sectors, along with encouraging exchange of experiences and carrying out joint projects in these areas.

Reviewing the bilateral MoUs signed in addition to establishing and activating joint companies were also touched upon during the meeting.

Ambassador Ahmad, in turn, expressed confidence in the possibility of achieving opportunities for bilateral multisectoral collaboration, attaching great importance to sharing expertise and technology in all vital areas.

Source: Syrian Arab News Agency

Damascus: Feasible means of collaboration in the minerals and oil fields were the focus of the meeting that brought together Minister of Oil and Mineral Resources, Firas Hassan Qaddour and Irshad Ahmad, Ambassador of India to Syria.

Qaddour voiced Syria’s readiness to offer the required facilitations and promote an environment that is conducive to attract Indian companies interested in investment across Syria in the minerals and oil sectors, along with encouraging exchange of experiences and carrying out joint projects in these areas.

Reviewing the bilateral MoUs signed in addition to establishing and activating joint companies were also touched upon during the meeting.

Ambassador Ahmad, in turn, expressed confidence in the possibility of achieving opportunities for bilateral multisectoral collaboration, attaching great importance to sharing expertise and technology in all vital areas.

Source: Syrian Arab News Agency

Finance Minister Mohammad Issis said the new program with the International Monetary Fund (IMF), which was announced in spite of the regional tremors to which the Kingdom has been exposed, acts as an “insurance policy” to preserve financial and monetary stability and is a fundamental tenet of monetary and financial policies. The total value of the program stands at $1.2 billion over four years, representing 270 percent of Jordan’s drawing rights with the Fund, Issis said during his meeting with journalists and economic writers at the ministry’s headquarters Thursday, stressing that there is a margin of special drawing rights to address any future developments. Responding to a question posed by the Jordan News Agency (Petra), Issis said that the program provides low-interest borrowing options in international markets because it has a certificate from the Fund and international financial institutions attesting to the robustness and stability of the Jordanian economy. He emphasized that the economic vision is a crucial component of the program and that the structural reforms incorporated into the new plan are based on the modernization vision.

Source: Jordan News Agency

Damascus, President Bashar al-Assad issued on Wednesday Law No. 22 of 2023 that amends some articles of the Private Protection and Guard Companies issued by Legislative Decree No. 55 of 2013.

The law amendment aims to regulate and develop the work of those companies, avoid the deficiencies that appeared in the previous law, and adopt a clear way to control any breach and how to collect fines imposed on their perpetrators.

Source: Syrian Arab News Agency

The local market in Qatar imported about 103 tons of Jordanian dates during the first 10 months of this year. Recent figures reported by Qatar’s Planning and Statistics Authority website on Tuesday stated that the Qatari market’s imports of Jordanian dates recorded a growth of 10.6 percent, compared to 92 tons imported during the first 10 months of 2022. According to statements made by Qatari traders to the Jordan News Agency (Petra), there will be a continuous increase in Qatar’s imports of Jordanian dates in the coming period. This increase is in response to the high demand that coincides with the 2023 International Horticultural Exposition, or Expo 2023, hosted by Doha from October 2, 2023, to March 28, 2024. During the exhibition, the number of visitors to Qatar is expected to reach about three million.

Source: Jordan News Agency

Jordan’s business community expressed its appreciation for His Majesty King Abdullah II’s great efforts to stop the brutal Israeli aggression on the Gaza Strip. The community also expressed pride in His Majesty’s unrelenting efforts to strengthen the national economy and attract investments and promote existing projects and opportunities in the Kingdom in vital, value-added sectors. In remarks to “Petra,” on Thursday, President of Jordan Businessmen Association (JBA), Hamdi Tabbaa, referred to agreements signed Wednesday on the sidelines of His Majesty’s meeting with His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates, which covered multiple vital sectors that affirm the Kingdom’s capability to attract more investments. During His Majesty’s visit, Tabbaa noted memorandums of understanding (MoU) for infrastructure projects in the Kingdom were signed, primarily in energy, water and railway sectors, as well as two enterprises for operating the multi-purpose port in Aqaba and establishing a port communications system, which would increase attractiveness of Aqaba’s ports regionally. . These projects, Tabbaa said, will work to raise growth next year and reduce unemployment rates, which put pressure on the national economy, and help support plans for the Economic Modernization Vision (EMV). Additionally, Tabbaa noted support provided by the UAE’s Abu Dhabi Fund for Development worth $400 million will help raise competitiveness of Jordanian industries. This assistance would be reflected in the gas pipeline network project in development and industrial estates and the advantages granted to Jordan to attract tourists for projects to develop the area adjacent to the Baptism Site, he pointed out. As for digital transformation project of Ministry of Health, he said this move will spare time and effort on the medical staff and patients and control requests for procuring drugs and medical supplies, which would reflect “positively” on the state’s general budget with regard to the ministry’s allocations.

Source: Jordan News Agency