#Jordan

Oil prices

Oil prices are ‘nowhere near’ peak yet, says UAE minister

The UAE is the third largest producer in OPEC

Public Investment Fund

Saudi wealth fund to take $185m Jordanian bank stake

The Public Investment Fund signed a subscription agreement that would involve it buying 63 million newly issued shares

uae jordan egypt industrial partnership

UAE, Egypt and Jordan agree on $10bn industrial partnership investment fund

The five areas that the three countries will cooperate on include food, agriculture and fertilisers; pharmaceuticals; textiles; minerals and metals; and petrochemicals

Abu Dhabi Fund for Development opens five colleges in Jordan

The colleges were built with ADFD funding worth Dhs80.3m

Nasdaq Dubai

Jordan’s Capital Bank lists $100m bond on Nasdaq Dubai

The bond is the first issuance of its kind for a Jordanian bank on the exchange

Wizz Air Abu Dhabi

Wizz Air Abu Dhabi to offer Dhs70 flights to two cities in Jordan

The flights to Aqaba and Amman will operate twice a week

AD Ports Group signs multiple agreements for tourism and maritime enhancement projects in Jordan

It will be the first facility to be developed by AD Ports Group in the Hashemite kingdom of Jordan and its first cruise facility outside of the UAE

Advanced infrastructure and youth talent pave way for Jordan’s growing ICT sector

The government initiative ‘Jordan Source’ will facilitate and ease new investments into Jordan’s digital outsourcing economy and create more jobs for its digital talents

Saudi Arabia chases $64bn Hollywood dream

The kingdom is launching its first international film festival

US backs $650m air-to-air missile sale to Saudi Arabia

The Aim-120 missile is one of the US Air Force’s top air-to-air weapon systems

Capital Bank to deploy humanoid robot ‘Pepper’ for retail banking in Jordan

Capital Bank is the first bank in Jordan to deploy the humanoid robot – Pepper across its branches, supported by Proven Solution robotic management system

Abu Dhabi’s Agthia Group completes acquisition of Nabil Foods

The acquisition marks Agthia’s first entry into the processed protein industry

Jordan arrests senior officials for ‘security reasons’

A royal family member and a former minister are among those who have been arrested

Dubai’s Emirates operates daily flights to Amman

The carrier will scale flights to 12 per week, starting May 9

Proceedings begin in Amman court against former Drake & Scull CEO Khaldoun Al Tabari

The public prosecutor in Amman has filed an indictment against Al Tabari, his daughter Zeina Khaldoun Al Tabari, and Saleh Mustafa Muradweij on several charges

Dubai’s Emirates to operate A380 to Amman from November 4

Customers can fly the Emirates A380 from Dubai to Amman thrice a week

Israeli airline Israir seeks UAE landing permit

The two countries announced last week that they plan to normalise relations

Abdulla Al Ghurair Foundation for Education expands support for Jordanian youth

Crown Prince Foundation will oversee Young Thinkers Programme activities in Jordan for three years

Careem

Network International underpins Careem’s digital payments initiative

The five-year agreement will see Network International process prepaid cards on behalf of Careem in five countries

Abu Dhabi’s ADQ to buy Jordanian firm from founders, Carlyle

Last week, the company acquired 30 per cent of shares in National Petroleum Construction Co. it didn’t already own