Page 12 - MEOG Week 25 2022

MEOG NEWS IN BRIEF MEOG

POLICY amount of commercial exchange between the Also on Tuesday, the Jordanian Integrity
countries. and Anti-Corruption Commission and
Jordanian, Saudi intensifying visits between economic the Saudi Oversight and Anti-Corruption
He also stressed the importance of
Authority signed a memorandum of
companies sign slew of delegations, enhancing the role of understanding which aims to bolster
businesspeople and making use of “the
cooperation in combating corruption, the
cooperation agreements familial ties” that bring the two countries Jordan News Agency, Petra, reported.
In the presence of Saudi Ambassador
together to enhance and increase commercial
The Amman Chamber of Commerce, in exchange. in Amman Nayef Sudairi and a number of
cooperation with the Council of Saudi Head of the Jordanian Businessmen officials from both countries, Chairman of
Chambers, on Tuesday evening organised a Association (JBA) Hamdi Al Tabbaa said the Jordanian Integrity and Anti-Corruption
Jordanian-Saudi business convention, which that the Jordanian private sector, including Commission Muhannad Hijazi stressed that
also witnessed the signing of cooperation the JBA, always looks forward to “widening the memorandum reflects the two countries’
agreements between Jordanian and Saudi prospects of investment cooperation with belief in the gravity of threats posed by
companies in the fields of mining, fertislisers Saudi businesses”. corruption to the stability and security of
and industry. He also noted that Saudi investments in the societies.
The convention featured an interactive Amman Stock Exchange are worth over $1.46 He affirmed the two countries’ efforts to
dialogue in which ways to enhance economic billion, in addition to a total of $399 million in enhance international cooperation to confront
and commercial relationships between the registered securities. corruption, as referred to in Article 48 of
countries were explored. Ajlan Bin Abdul Aziz Al Ajlan, Chairman the UN Convention against Corruption,
In his speech, Minister of Industry, of the Council of Saudi Chambers of which encouraged state parties to consider
Commerce and Supply Yousef Al Shamali Commerce and Industry, noted that concluding such memoranda.
expressed his pride in the “distinguished this convention presents an important Chairman of the Saudi Oversight and
relations” both countries maintain in various opportunity, providing businesses with a Anti-Corruption Authority Mazen Kahmous
sectors, “strengthened by the directives of platform to exchange expertise and explore indicated that the memorandum stipulates
His Majesty King Abdullah and Saudi Crown joint ventures. exchanging research and studies on measures
Prince Mohammed Bin Salman Bin Abdulaziz By the end of the convention, a number of to prevent corruption, information related
Al Saud”. agreements were signed between Saudi and to corruption crimes as well as laws and
In 2021, the value of commercial exchanges Jordanian companies from various sectors, regulations followed in both countries.
between the countries reached roughly $4 including Al Karam for Carpet Industry JORDAN TIMES
billion, he added, stressing the importance and Almorky and Blkhadr Company, the
of enhancing relations by exploring new Northern Cement Company and the White
investment and cooperation opportunities. Stars Company for Mining Investments, COMPANIES
Head of the Jordan Chamber of Industry Akhtaboot Commercial Company and Naqa
(JCI) Fathi Jaghbir said that the industrial Al Zaytoun Company, Al Baraka for Import Rocket strikes Dana Gas HQ
sector aspires to open new doors of economic and Export and Doratalhail Factory for Paper
cooperation, ensuring “mutual benefit” for Products. in Iraq’s Kirkuk
both countries. Agreements were also signed between the
He also pointed out that Saudi investments Kemyea Yanbu for Industry (Kimpan) and the A Katyusha rocket struck the headquarters of
in Jordan amount to roughly $13 billion. Jordan India Fertiliser Company, the Jordan United Arab Emirates energy firm Dana Gas
Vice President of the Jordan Chamber of Atomic Energy Commission and the Modern in the Iraqi province of Kirkuk, two security
Commerce Jamal Al Rifai expressed hope that Nazaer Company for Industrialisation in sources told Reuters on Wednesday.
the convention would shed light on various addition to Allied Law and Arbitration and Al The extent of the damage was not
investment and economic opportunities, Shagdali Group for projects development and immediately clear, the sources said.
which can contribute to increasing the construction contracts. REUTERS

P12 www. NEWSBASE .com Week 25 22•June•2022