Jordan · Country watch
Jordan-Iraq Visa Eased, Zarqa Exports Surge
Jordanian business conditions improve as Iraq eases visa access for Jordanians and Zarqa's industrial exports rise significantly.
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Business conditions in Jordan are improving with Iraq easing visa access for Jordanians, boosting logistics, and Zarqa's industrial exports rising, enhancing manufacturing prospects.
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In this briefing Brent Crude · ضيف الله أبو عاقولة · Iraq · Jordan · Zarqa Chamber of Industry
Markets
Brent crude falls below $100, impacting energy markets
Brent crude oil prices have dropped below $100 per barrel for the first time since October 7, according to Roya News. This decline comes amid anticipation in global energy markets, with analysts closely monitoring future price movements. The decrease in oil prices may affect energy costs and pricing strategies in Jordan, which relies on oil imports.
Impact Energy importers in Jordan may see reduced costs as Brent crude prices fall, influencing fuel pricing strategies.
Sources: Roya News ↗
Trade
Iraq eases visa access for Jordanians at borders
Iraq has announced a new visa policy allowing Jordanian citizens to obtain visas upon arrival at border crossings, according to Hala Akhbar. This decision is seen as a significant step in enhancing bilateral relations and cooperation between the two countries. Dr. ضيف الله أبو عاقولة, head of the Jordanian Clearance and Cargo Transport Companies Association, praised the move, highlighting its potential to facilitate trade and travel between Jordan and Iraq.
Impact Jordanian logistics firms benefit from easier access to Iraqi markets, potentially boosting trade and transport activities.
Sources: Hala Akhbar ↗, Roya News ↗
Zarqa industrial exports rise 12% in 10 months
The Zarqa Chamber of Industry reported a 12% increase in industrial exports over the first ten months of the year, reaching $1,335.6 million, as reported by Jordan News. This growth is primarily attributed to increased demand in Arab markets. The export figures for the same period last year were $1,196.8 million, indicating a robust performance in the manufacturing sector.
Impact Manufacturers in Zarqa gain from increased export demand, particularly in Arab markets, enhancing revenue streams.
Sources: Jordan News ↗
Nothing significant reported today in Regulation · Disruption · Internal tension · Safety & health · Companies · Politics.
Also today in the local press
- سوق النفط العالمية تعود إلى تسجيل فائض مع توقع بانتعاش صادرات الخام من الشرق الأوسط — Hala Akhbar
- الولايات المتحدة تفرض عقوبات على شركات وأفراد في الهند وتركيا لمساعدتهم إيران — Jo24
- “الخزانة الأمريكية” تفرض عقوبات جديدة طالت 5 أفراد و10 كيانات مرتبطة بإيران — Hala Akhbar
- الذهب يقفز 3% ويتجاوز 4 آلاف دولار للأونصة مع تراجع الدولار والعوائد — Roya News
- Spain's PM Predicts Decline of Far-Right Wave — Jordan News
- خلال التسعيرة المسائية.. ارتفاع أسعار الذهب والليرات في الأردن — Roya News
- Five Key Investigations Democrats Plan to Launch Against Trump — Jordan News
- الاقتصاد في خطاب الملك: من الرؤية إلى الأثر — Jo24
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
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- Russia: Russia Raises Alcohol Tariffs, Crimea Faces Power Cuts
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- Syria: Syria-Saudi Industrial Deals, Oil Price Drop
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