Business & Money | Tuesday 2 July, 2019 8:29 am

Remittances of Jordanian expats rise to USD1.5 billion, says CBJ

  Remittances of Jordanian expats rise to USD 1.5 billion, says CBJ The Central Bank of Jordan (CBJ) said the Jordanian remittances into the country has risen 5 percent on a monthly basis while increasing 2.3 percent at the end of June 2019.  The CBJ said in a statement published ...

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Business & Money | Tuesday 2 July, 2019 12:00 am

ENBD REIT secures USD 177 million facility from Mashreq Bank

ENBD REIT (CEIC) PLC (“ENBD REIT”), the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has confirmed a USD 177 million (AED 650 million) Shari’a-compliant financing facility with Mashreq Bank. The facility will refinance ...

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Business & Money | Monday 1 July, 2019 9:21 pm

Aqaba Container Terminal is a model for public-private partnership

Aqaba Container Terminal is a model for public-private partnership   Aqaba Port Authority CEO Stephen Yogalingham  stressed the importance of the port which serves the Levant region and the surrounding area as the most distinguished waterfront and regional hub for the multimodal...

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Business & Money | Monday 1 July, 2019 3:48 pm

Street Art Exhibition at Historic Jeddah Season

The Historic Jeddah Season continues to showcase various interactive workshops, performances and exhibitions ensuring that families enjoy their summers in the Kingdom. Street art exhibition part of an Artist-led initiative, in association with the Saudi Ministry of Culture, Saudi Art Council and ...

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Business & Money | Monday 1 July, 2019 3:17 pm

Al Tamimi & Company reinforces regional footprint with promotion of eight lawyers to the partnership

Al Tamimi & Company, the largest law firm in the Middle East, has announced the promotion of eight new partners. This latest development takes the total number of partners at the firm to 76.   Dr. Ahmed Basrawi (Litigation, Jeddah), Ali Bachrouch (Corporate Structuring, Sharjah),...

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Business & Money | Monday 1 July, 2019 3:06 pm

UNHCR and Twitter launch global campaign #KnitForRefugees

UNHCR, The UN Refugee Agency has partnered with Twitter and Kniterate to launch a global five-month campaign today to proactively and collectively shed light on winter as an important issue facing Syrian and Iraqi internally displaced persons (IDPs) and refugees in the MENA...

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Business & Money | Monday 1 July, 2019 2:08 pm

Summer vibes take over Al Wahda Mall

The vibrant sunflower farm summer theme installation at Al Wahda Mall Abu Dhabi is drawing UAE residents to the Capital to take in the colourful ambience while shopping, having world class dining experiences and enjoying various entertainment options across the mall’s 400...

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Business & Money | Monday 1 July, 2019 2:00 pm

Oil Jumps Over 2% as Saudi Arabia, Russia Back Supply Cuts

Oil prices rose more than $1 a barrel on Monday, with OPEC and its allies on track to extend supply cuts until at least the end of 2019 at their meeting in Vienna this week. Front-month Brent crude futures , for September, touched an intraday high of $66.63 a barrel and were up $1.72, or 2.7%,...

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Business & Money | Monday 1 July, 2019 1:00 pm

Jawazat starts issuing e-permits for entry to Makkah

The Directorate General of Passports (Jawazat) has started receiving applications from expats for electronic permits to enter Makkah. Applications have to be submitted through Muqeem portal at https://portal.elm.sa An applicant must fill in information and submit the required documents to...

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Business & Money | Monday 1 July, 2019 11:46 am

GDP grows 2 per cent during first quarter of 2019

The Kingdom’s GDP witnessed 2 per cent growth during the first quarter of 2019, compared with same period of 2018, the Jordan News Agency, Petra, reported.   Meanwhile, the GDP witnessed 1.9 per cent growth during the entirety of 2018 when compared with...

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