Jordan Seeks to Deepen Economic Ties with Germany

Vendors sell vegetable and fruits at a market in downtown Amman June 4, 2018. (AFP)
Vendors sell vegetable and fruits at a market in downtown Amman June 4, 2018. (AFP)
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Jordan Seeks to Deepen Economic Ties with Germany

Vendors sell vegetable and fruits at a market in downtown Amman June 4, 2018. (AFP)
Vendors sell vegetable and fruits at a market in downtown Amman June 4, 2018. (AFP)

Jordan’s State Minister for Investment Affairs Mohannad Shehadeh said that developing the country’s technical services sector with German expertise and redrafting export agreements to Europe are a priority for the government in its effort to bolster economic cooperation with Berlin.

He highlighted the success achieved by German firms operating in Jordan and the arrival of technical and technological Jordanian products to German markets through investment in Jordanian human capabilities and potential.

He added that the success of German companies, such as Siemens, represent an opportunity for the German investor to focus on producing services and re-exporting them.

He made his remarks before the Amman Chamber of Industry that met in Amman on Thursday to discuss available investment opportunities in Jordan and reassess economic cooperation between the Jordanian and German private sectors.

Shehadeh added that improving and developing Jordanian expertise, in addition to participating in the global economy, help the services sector in the country overcome previous restrictions.

Energy Minister Hala Zawati assured that investment opportunities are available in the alternative energy fields, underpinning that the government has several substitutes to exploit the renewable energy sources in the country.

German speakers at the meeting voiced interest to provide logistic and technical support to Jordan in a way that reinforces compliance with European consumer requirements and fulfills the goals of developing the Jordanian energy and services sector.



Russia's Novak: Oil Market Balanced Thanks to OPEC+

Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024.  REUTERS/Olesya Astakhova
Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024. REUTERS/Olesya Astakhova
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Russia's Novak: Oil Market Balanced Thanks to OPEC+

Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024.  REUTERS/Olesya Astakhova
Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024. REUTERS/Olesya Astakhova

The global oil market is balanced thanks to the actions of OPEC+ countries and compliance with its quotas, Russian Deputy Prime Minister Alexander Novak said on Friday following a Russia-OPEC meeting.
OPEC+ countries, which are pumping around half the world's oil, are taking all necessary decisions to maintain market stability, Novak also said after meeting OPEC Secretary General Haitham Al Ghais in Moscow.
"Today, while discussing the situation and forecasts, we assess the current market as balanced. That's thanks primarily to the actions of OPEC+ countries and coordinated actions to comply with the quotas, voluntary commitments of OPEC+ count," Novak said.
The meeting comes as OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, prepares to meet on Dec.1.