The sovereign fund of the "Kuwait Investment Authority" ranked first among Arab sovereign funds, and third globally, followed by the Abu Dhabi Investment Authority, and then the Saudi Public Investment Fund in third place in the Arab world, according to data from the Institute SWFI, which monitors the evolution ...
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One of the world’s largest consumer goods companies, Unilever, cut 1,500 management jobs worldwide, describing the move as "simplifying the organisation," a result of intense pressure from shareholders to enhance growth, as reported by CNN. Unilever issued a statement on Tuesday saying factory workers will not be affected by the ...
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On Sunday, Prime Minister, Bisher Khasawneh, chaired the first meeting of the steering committee for developing the legislative environment governing investment in the Kingdom. Khasawneh said the committee will introduce a new law to develop the investment and business environment in partnership with the private sector. The aim is ...
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The Arab Investment and Export Credit Guarantee Corporation (Dhaman) recently published a report that forecasts an increase in the total volume of investment in the Kingdom in 2022, in comparison with 2021. Gross Domestic Product Total investment are expected to reach USD8.9 billion in Jordan this year, which would ...
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On Wednesday, the Investment Minister, Khairy Amro, discussed means of cementing bilateral economic and investment relations, as well as other forms of cooperation with the Australian Ambassador to Jordan, Bernard Lynch. Discussions also touched on the competitive advantages that the Kingdom enjoys such as security, political stability, as well as ...
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The Secretary-General of the Ministry of Investment and Commissioner-General of the Jordanian Pavilion at Expo 2020 Dubai, Zaher Qatarneh, discussed with Under Secretary of Foreign Trade and Industry at the United Arab Emirates (UAE) Ministry of Economy, Abdulla Al Saleh, prospects of enhancing economic, trade and investment relations between ...
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On Sunday, the Innovative Startups and SMEs Fund (ISSF), the largest investment fund of its kind in the Kingdom, announced that it made a direct investment of USD1.5 million in Global Ventures, a Dubai-based growth-driven venture capital firm. The firm focuses on investing in growth stage technology companies across ...
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The International Finance Corporation (IFC)’s Regional Vice President, Hela Cheikhrouhou, expressed the corporation's intention to make Jordan a top investment destination. She said their investment program doubled in the Kingdom since 2010, making Jordan the IFC's second largest portfolio in the Middle East, valuing at more than USD780 million. A ...
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On Wednesday, the UAE ambassador to Amman, Ahmed Ali Balushi, said Jordanian investments in the UAE amount to approximately USD2 billion, most of which are invested into the real estate sector. Balushi said this means that Jordanian investors consider the UAE a safe and stable haven for their investments. He ...
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The buzz around cryptocurrencies has gotten louder than ever with new all-time highs making digital currencies more appealing to mainstream investors and bringing new names like "Solana" all the way to the top. Bitcoin, a crowd favorite, reached an all-time high worth USD70 thousand each, which is approximately a 125 ...
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