Jordan Launches Project to Explore Lead, Zinc, Gold

Energy and Mineral Resources Minister Saleh Kharabsheh on Saturday launched a project to explore lead, zinc, and gold in the Samrat Teibah area in Wadi Araba (Petra photo)
Energy and Mineral Resources Minister Saleh Kharabsheh on Saturday launched a project to explore lead, zinc, and gold in the Samrat Teibah area in Wadi Araba (Petra photo)
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Jordan Launches Project to Explore Lead, Zinc, Gold

Energy and Mineral Resources Minister Saleh Kharabsheh on Saturday launched a project to explore lead, zinc, and gold in the Samrat Teibah area in Wadi Araba (Petra photo)
Energy and Mineral Resources Minister Saleh Kharabsheh on Saturday launched a project to explore lead, zinc, and gold in the Samrat Teibah area in Wadi Araba (Petra photo)

Jordan's Energy and Mineral Resources Minister Saleh Kharabsheh launched Saturday a project to explore lead, zinc, and gold in the Samrat Teibah area in Wadi Araba.

Jordan News Agency (Petra) quoted Kharabsheh as saying that the Ministry of Energy is carrying out the project within the framework of a national mining project launched by the ministry in early 2021 to explore mineral wealth in the Kingdom's lands within the Nubian Arabian Shield, an area rich in minerals.

The minister hoped that the mining sector would play an essential role in the economic development process, especially since such projects are in areas that need development and the creation of more job opportunities.

The Samrat Teibah project is expected to finish by this year's end before marketing it as an investment opportunity.

Kharabsheh said that the ministry is signing a memorandum of understanding with a company to exploit eastern phosphate ores and is studying investment requests in potash in the Dead Sea.

He noted that mining projects require time to collect samples, analyze them, and prepare economic feasibility studies for investment.

Kharabsheh stressed that the ministry continues implementing such projects, given their impact on the national economy and its added economic value.

Director of Studies at the Ministry of Energy Hisham al-Zyoud said that seven exploratory wells were drilled within the region, which showed positive results, noting work will continue to dig a group of wells as well.

He noted that preliminary results of samples collected by the ministry's team showed indications of gold ratios in the valleys samples reaching 20 parts per billion (ppb), while zinc concentrations exceeding 1,000 parts of gas per million parts of air (ppm), which is equivalent to a kilogram of metal concentrated in a ton of river sediment.

Zyoud added that the lead metal exceeded 170 ppm, equivalent to 170 concentrated grams of a ton of sediment.



Cluster2 Company Launches Direct Flights from Muscat to Saudi Arabia's Taif

 Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA
Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA
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Cluster2 Company Launches Direct Flights from Muscat to Saudi Arabia's Taif

 Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA
Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA

The Cluster2 Company, operator of Taif International Airport, announced the launch of three direct flights per week between Muscat and Taif via Oman Air, starting January 31, SPA reported.

The launch of international flights through the cluster’s airports comes as part of its ongoing commitment to improving the passenger experience and expanding international travel options, while continuing to build strategic partnerships with global airlines to enhance air connectivity in the Kingdom.


Oil Prices Rise as US Ramps up Action against Venezuela Tankers

A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer
A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer
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Oil Prices Rise as US Ramps up Action against Venezuela Tankers

A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer
A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer

Oil prices rose on Monday after the US intercepted ​an oil tanker in international waters off the coast of Venezuela and tensions in Russia's war against Ukraine remained high, with both developments raising fears of supply disruption.

Brent crude futures gained $1.31, or 2.17%, to $61.78 a barrel by 1316 GMT. US West Texas Intermediate crude rose by $1.25, or 2.2%, to $57.77.

Market participants now see a risk of disruption to Venezuelan oil exports because of the US ‌embargo, having previously ‌been complacent in that regard, said ‌UBS ⁠analyst Giovanni ​Staunovo.

Venezuelan crude ‌accounts for about 1% of global supply.

Growing supply from the US and the OPEC+ producer group have largely offset worries over supply disruption elsewhere to keep Brent futures around $65 a barrel in the second half of 2025, though prices have eased in the past month because of oversupply concerns.

Oil prices have been supported by developments off Venezuela while ⁠Russia-Ukraine tensions simmer in the background in an otherwise very bearish market, said June ‌Goh, analyst at Sparta Commodities.

The US Coast ‍Guard is pursuing an oil ‍tanker in international waters near Venezuela in what would be the ‍second such operation over the weekend and the third in less than two weeks if successful, officials told Reuters on Sunday.

A rebound in oil prices has been sparked by US President Donald Trump's announcement of a "total ​and complete" blockade of sanctioned Venezuelan oil tankers and subsequent developments there, followed by reports of a Ukrainian drone strike ⁠on a Russian shadow fleet vessel in the Mediterranean, said IG analyst Tony Sycamore.

The Brent and WTI benchmarks fell by about 1% last week.

US special envoy Steve Witkoff said on Sunday that talks between US, European and Ukrainian officials in Florida over the past three days in an effort to end Russia's war in Ukraine had focused on aligning positions. Those meetings and separate talks with Russian negotiators had been productive, he said.

However, the top foreign policy aide of Russian President Vladimir Putin said that changes made by the Europeans ‌and Ukraine to US proposals had not improved prospects for peace.


GASTAT: Construction Costs in Saudi Arabia Rose 1% in November

The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA
The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA
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GASTAT: Construction Costs in Saudi Arabia Rose 1% in November

The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA
The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA

The Construction Cost Index in Saudi Arabia rose 1% in November 2025 compared with the same month last year, driven by equal 1% increases in both residential and non-residential construction costs, according to data released by the Kingdom’s General Authority for Statistics (GASTAT).

The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025.

The Construction Cost Index bulletin is part of GASTAT’s ongoing efforts to develop statistical products for vital sectors and provide a reliable and effective reference with accurate estimates to support decision-making by contractors, real estate developers, and relevant entities.

These efforts contribute to drawing a clear roadmap for residential and non-residential construction projects in the building and construction sector.