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Jordanian PM Jafar Hassan inaugurating natural gas stations in Aqaba
July 27th, 2026 - 10:16 GMT
P. Choiaqo

P. Choiaqo

Jordanian PM inaugurates two natural gas stations in Aqaba

ALBAWABA - In a move to reduce costs on Jordan’s energy sector, which has been under pressure from the Iran War and regional tensions, Jordan’s PM Dr. Jafar Hassan has inaugurated two new natural gas stations in the port city of Aqaba. The project has cost the Jordanian government around $16 million and is set to reduce energy costs by 30-65 percent across the Kingdom’s industrial cities with the initial ...
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Lebanon's Newly Formed Government to Unlock $11 Billion in Foreign Aid. (Shutterstock)
February 3rd, 2019 - 06:09 GMT

Lebanon's Newly Formed Government to Unlock $11 Billion in Foreign Aid


He noted that the first phase of the project will start in two months and will include the construction of Neom Bay. (Neom)
February 3rd, 2019 - 06:00 GMT

Saudi Confirms NEOM Strategy Announcement for Mid 2019

While demand for jewelery was very weak in both Saudi Arabia and the UAE in 2018, it was much worse in Turkey and Iran. (Shutterstock)
February 3rd, 2019 - 05:45 GMT

Gold Is No Longer Glittering for Arab Jewelers in Middle East

Shipments reached 365.2 million units in the last three months of 2018. (Shutterstock)
February 3rd, 2019 - 05:36 GMT

Smartphone Splurge in Gulf Cools Down as Economic Struggles Loom

Saudi Arabia is about to begin development of the first area of its mega business zone NEOM. (Shutterstock)
February 3rd, 2019 - 05:30 GMT

Saudi Launches $53 Billion Industrial Plan NIDLP

Turkey's path will not cross with IMF's for either loans or technical support, says Turkish Treasury and Finance Ministry. (Shutterstock)
February 2nd, 2019 - 10:41 GMT

Turkish Economy Needs No External Support: Finance Ministry

Non-oil growth is projected to rise to 3.9 percent in 2019 and 4.2 percent in 2020. (Shutterstock)
February 2nd, 2019 - 10:40 GMT

UAE Non-oil Growth to Rise 3.9 Percent in 2019

The tower's design is inspired by the harmonious ripples of the UAE's desert sand dunes. (Khaleej Times)
February 2nd, 2019 - 10:39 GMT

Dubai Adds Another Milestone to Its Skyline: The 550-Metre Burj Jumeira

Iran’s president said Wednesday the country was facing its toughest economic situation in 40 years. (AFP)
February 1st, 2019 - 05:30 GMT

Iran Blames US for Toughest Economic Situation in 40 Years

Saudi Arabia’s aim to boost foreign investment in the $496 billion Tadawul stock exchange has taken a leap forward. (AFP)
February 1st, 2019 - 05:00 GMT

Saudi Arabia to Launch the Tradeable MSCI Tadawul 30 Index

Turkish exports rose 7 percent on a yearly basis to hit $168 billion. (Shutterstock)
January 31st, 2019 - 01:22 GMT

Turkey’s Foreign Trade Gap Narrowed to 28.4 Percent in 2018

Fintech is a portmanteau of financial technology that describes an emerging financial services sector in the 21st century. (Shutterstock)
January 31st, 2019 - 11:31 GMT

Fintech Startups Pave the Way for Reforming Iran’s Financial System

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