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    FINANCE & ECONOMY

    Trade exchange between Jordan and UAE hits $1.8bln June 27, 2017

    The volume of trade exchange between Jordan and the UAE hit AED6.7 billion ($1.8 billion) in 2016, according to official figures by the UAE Ministry of Economy.

    The ministry's figures showed that re-exports accounted for half of the trade exchange, reaching $840 million.

    Meanwhile, UAE non-oil exports to Jordan reached $500 million, while Jordanian exports to the GCC state reached $430, the official figures also showed.

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    Jordan's 'pay as you like' bookstore saved by crowd-funding June 27, 2017

    For years, Hamzeh AlMaaytah nurtured a community of book lovers in Jordan, keeping his bookstore in Amman's old center open around the clock, encouraging customers to linger over rare treasures and often allowing them to set the price for a purchase.

    His supporters recently had a chance to repay him when the local landmark was threatened with closure, following a sudden illness that sidelined him for several months as bills were piling up. By"...

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    Abdrakhmanov: Guarantor countries, de Mistura confirm participation in upcoming Astana meetingJune 27, 2017

    Russia, Iran and Turkey, as well as UN Special Envoy Staffan de Mistura and Jordan, have confirmed their participation in the fifth round of Astana meeting on Syria scheduled to be held next July 4-5, Kazakh Foreign Minister Kairat
    Abdrakhmanov said Monday.

    ” We have received participation confirmation from all the guarantor countries at the level of the special representative of the Russian president and deputy foreign ministers of"...

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    Economic growth rate over three years June 27, 2017

    A recent report on the economies of Middle East countries, issued by the World Bank, stated that the economic growth rate in Jordan will be 2.3 per cent in 2017, 2.6 per cent in 2018 and 3 per cent in 2019.

    In other words, the economy will grow, but at a very slow pace.

    The World Bank's latest estimates of growth rates are not new. We heard them long time ago, with"...

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    Philip Morris International Doubles Investment in Heated Tobacco Unit Facility in Italy.
    Another Step towards a Smoke-Free Future.June 27, 2017

    (ME NewsWire)-- Philip Morris International Inc. (PMI) (NYSE/Euronext Paris: PM) today announced a plan to invest an additional approximately €500 million to expand capacity at the company’s smoke-free product manufacturing facility in Crespellano (Bologna, Italy).

    The facility at Crespellano is PMI’s first dedicated manufacturing facility for large scale production of HEETS, the tobacco"...

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    Cyprus and Portugal offer opportunities for business persons & investors looking to invest in EuropeJune 27, 2017

    Europe provides many opportunities for entrepreneurs and investors looking to invest and do business in this progressive economy. Various countries in Europe have their own visa and immigration programs for entrepreneurs of foreign origin. Applying and obtaining an investor visa for Europe with WWICS’s expert immigration services is easy and convenient.

    Cyprus and Portugal are the best economies to"...

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    Canada Calling! Right Time to Apply Under the Best & Fastest Immigration ProgramsJune 27, 2017

    There is good news for all those looking to live, work and settle in Canada. The Canadian government is leaving no stones unturned to make reaching Canada a hassle-free experience for aspirants. As Canada sets a baseline of welcoming at least 300,000 immigrants every year, the country is offering better chances of reaching Canada with lowest points ever.

    The latest Express Entry draw for immigration to Canada has seen candidates with 413 or more"...

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    Dole Food Company, Inc. Announces the Commencement of a Consent Solicitation for Its 7.25% Senior Secured Notes Due 2025June 27, 2017

    (ME NewsWire)-- Dole Food Company, Inc. (“Dole”) announced today the commencement of a consent solicitation regarding certain amendments (the “Amendments”) to the Indenture, dated as of April 6, 2017, among Dole, DFC Holdings, LLC (“Holdings”), as a guarantor, the subsidiary guarantors party thereto, and Wilmington Trust, National Association, as trustee (the “Trustee”), governing its 7.25% Senior Secured Notes due 2025 (the “Notes”)"...

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    Sumitomo Heavy Industries, Ltd. Completes Share Acquisition of FW Energie B.V.June 27, 2017

    (ME NewsWire)-- With reference to Sumitomo Heavy Industries, Ltd. (SHI) announcement of 26th June, 2017 (attached), SHI completed the share acquisition of FW Energie B.V. culminating in the combination of SHI and Amec Foster Wheeler’s fluidized bed business to become Sumitomo SHI FW, a new global leader in sustainable energy solutions.

    Sumitomo SHI FW will become part of the Energy and Environment"...

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    Student to study in Amman Jordan June 27, 2017

    Quinn Hartleroad of Wood County is one of seven West Virginia University students who have been awarded the Boren Scholarship, enabling them to study languages in areas of the world that are critical to U.S. interests, according to WVU.

    Hartleroad, of Walker, a 2012 graduate of Parkersburg High School, will leave in September for Jordan, where she will study the Arabic language for nine months. She is the daughter of Jane and Kevin Hartleroad.

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